what do you think about pump and dump? did you ever trade on pump and dump event? can you give few tips for how to make money from this events? what i need to look for?
I think pump and dump is an opportunity for success, if you can read and take advantage of the situation well then you will get extraordinary profits, if the price plummet is a moment to buy and if it rises it is a moment to sell.
If you really understands what pump and dump means in normal crypto trading, you would not even say that. Pump and dump is usually done by some group of people who have a source to communicate with themselves (usually telegram channels) and one person calls the shot for people to quickly buy a coin and once it rises, dump it as fast as possible.
This is a huge scam and most people always end up losing while the person calling the shot must have set a selling price and dash away with the profits. You are talking about the normal pump that goes on in the market when it is rising and when people are scared and quickly dumping as a result of FUD, but I am sure that is not what OP was referring to.
well said! pump and dump is a strategy made by the different group of people to make the crypto invironment panic.it is said to be the most powered strategy and profitable to those who made it.in short they controlled bitcoin in a market and no one knows about it.