Pump And Dump Cryptocurrency. Consequently, many people are doing online searches to learn more about it. By tao li, baolian wang and donghwa shin january 7, 2019 by renholding.
‘pumping’ basically means buying a large amount of crypto (or stocks) in order to artificially increase the price of a specific coin. It is a scheme involving the artificial inflation of a crypto. In most cases, they will actually dupe inexperienced traders into going along with their scam with the promise of huge returns.
Unlike stock market scammers, cryptocurrency pump and dumpers make no bones about what they are doing.
The pump & dump (p&d) money making mechanism has been very popular in the cryptocurrency space. What is pump and dump. Lastly, this isn’t a comparison to any other coin. Unfortunately, these naive people often find out too late that this is a good way to walk away with huge losses.
