Post
Topic
Board Trading Discussion
Re: What does 'Pump and Dump' means in crypto trading ?
by
melted349
on 30/07/2017, 02:30:34 UTC
Bitcoin pump and dumps work in a very simple yet straightforward manner. Pump and Dump schemes comprise of two groups of people. The first group is players who play by artificially increasing the price of the Bitcoin by endorsing or promoting it. This category of individuals spends their time finding cheap coins to purchase then wait for when they are ready for dumping and build a buzz about the coins. The process of finding and buying cheap coins can take as quick as minutes or as long as hours or even days.
It seems to me that for today it is necessary to restore this process of finding coins or even commerce. It is necessary to wait for the moment when there is a fall or at all it is not clear what happens at the crypto-exchange exchanges. Although very tempting and is the fact that buying cheaper coins May in the future bring a very good profit. Perhaps you need to take advantage of such a moment.
And yet this is a good idea and strategy interms of trading. Cause thats how it works too and studying on how the coins pump and dump and stay calm for when they dump.