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.
Lol you are just saying there is no way to check them. You cannot get the number of users through this method. Even altcoin with more than that users can fake pump the coin. As what Amph said, fake pump eventually result to immediate crush when the orchestrator of the pump decide to exit sell and leave the market.