Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
- If you are newbie and you will take part on those pumps you will earn almost all you have.
- If you don't have trading bots and want to catch the pump manually than you will only loss because such pumps only last for few seconds
- Its very risky and I don't think its worth to participate in such pumps or any pumps done by telegram groups in low volume coins you will stuck with bag full of shit coins which you can't sell in future.
Try to stay away from such practices..