😱What Pump & Dump is and why you should avoid it?
The
BTC-Alpha team is in a hurry to tell you more:
Asset owners artificially increase (
pump) their value to sell the (
dump) as expensive as possible to inexperienced traders.
This very scheme can be considered fraudulent. It appeared long before cryptocurrency trading and led to the so-called South Sea Bubble.
How does it work?
Fraudsters buy tokens in small portions so as not to provoke a sharp rise in the rate. As a rule, these are little-known cryptocurrencies or shitcoins.
👉After that, a pump begins, where the organizers of the scam, through their bots, place and take large orders to buy a token, raising its quote.
Also, for an even stronger effect, various news about partnerships and updates are used.
More info👇
