It was very horrible, if the Bitcoin whales take advantage from newbie with a fake pump.
Do you know the signs or characteristics of a fake pump ? So all of us to be vigilant and cautious in trading.
Just check the market capitalization of the altcoins and then compare the number of users each of these coins are having. If an altcoin which is having less than 10,000 users is achieving a market capitalization of $500 million, then the possibility is that it is a fake pump.
there is no way to know the amount of users involved for any altcoin, and for bitcoin either, so your strategy to find if it's fake or not doesn't work
usually a fake pump is something that resolve in a immediate dump or anyway the value return back where it was, and this is not the case of bitcoin
actually here it's the opposite there was a fake dump with bitcoin, and we are once again at $1200+