Pump and Dumps: Good or Bad?
When I see a coin in Poloniex or Bittrex go on a 400% rise, the first thing that comes to mind is when will the bubble pop. People must buy coins to increase the value, and whales alike must dump them at some point as well. Greed is the ultimate demise of everyone involved in the pumping of a coin. This was clearly showed by the likes of Wolong and Fontas which I will explain in detail in another article. Yet, is there a positive side to a coin getting pumped? Can a coin survive the dump that comes after the rise? It could! Lets see the positive and negative of the pumping effect: The coin....
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Amid the r/Wallstreetbets revolution, several altcoins are falling prey to pump-and-dump schemes. The rise of interest in cryptocurrencies amid Bitcoin (BTC) and Ether (ETH) bull runs often goes hand in hand with the proliferation of scams and manipulation schemes related to various altcoins. One of the main manipulation schemes running in the crypto markets is pump and dumps. These schemes artificially inflate the price of the asset to enable a select few to sell it at a higher price before it ultimately comes crashing down.What makes crypto markets more vulnerable to such schemes when....
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