I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.
Do you think that governments will crack on those groups?
Do you think that the people in those groups know that they're hurting the cause more than anything?
Government will not be taking care of those groups because no matter how many bans they will make, people will still be just creating more and more groups about cryptocurrency.
Well getting people informed is probably one of the best ways to counter these pump and dump groups. Because let's face it, those that don't know much about the market are the people who usually gets caught in these pnd groups. People who looks to make easy quick profit without making efforts in studying and researching
Pump and dump are the main common factors of the bitcoin, price of bitcoin will be high soon, we are going to hold our coin but it is time to sell it no need to be impatient at this situation of high volatility price has been dumping since long but now it is time to be high, buying more coin will give us best reward of high profit, so keep on investing at dump and wait till it become pump once again.