Bitcoin pump and dump
Bitcoin pump and dump A pump and dump in cryptocurrency and standard fiat currencies is something to watch for and beware of. How do we spot them and how should we execute a well thought out plan on what to do when we see them. Pump And Dump Definition- Denoting the fraudulent practice of encouraging investors to buy shares in a particular stock or crypto in order to inflate the price artificially, and then selling one's shares while the price is high. typically leaving a beginner wondering what happened and why they lost their funds! 1. Can we make money off of the? the short answer is yes 2. Can we loose money on the? yes. if your not sure what to watch for then yes the chances of loosing money is very high and for a newer inexperienced investor in which ever currency you prefer whether its crypto or not the same things apply! BE AWARE. 3. Is a pump and dump a scheme? yes it is, it can be started in different ways however the most common are a small group of wealthy...