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?
Most of pumps you see in binance are leaded by some Pump and Dump groups,these are very risky if you get involved in the trade and you didn't sell in the right time (Greediness,or lack of skills).Therefore I don't recommend participating in those,I'm highly convinced that the owners buy a large amount of the coins before they get pumped and then dump them on members.