Pump And Dump Crypto Reddit. In addition to portals like reddit and medium, there are platforms like twitter and telegram that help bogus information spread quickly. It is a scheme involving the artificial inflation of a crypto…
And just like the infamous gamestop short squeeze debacle of a few weeks ago, dogecoin fans gathered on the reddit forum /r/dogecoin where they would tip each other dogecoins for amusing comments. For a start we are using trading volume surge as a key indicator of possible pump and dumps. Mega pump, as the name of the discord server reads, is a group dedicated to buying and selling cryptocurrencies in a “pump and dump” scheme.
The retail investors are merely being used by the house. regulators may end up treating crypto more harshly than traditional finance.
Crypto pump and dump schemes have left many in the dirt. Steve has been a blockchain writer for four years, and a crypto enthusiast for even longer. Thus, scamming other innocent crypto investors. First, by spreading fake news where social media, blogs and message boards are extensively used.
