Post
Topic
Board Trading Discussion
Re: Do you think that planned pump and dump is ethically acceptable?
by
Rodeo02
on 04/01/2021, 19:56:15 UTC
I think the planned pump and dump is an unethical way of trading and I am against it, because there will be many newbies who become victims.
I have a friend who is a victim of a pump and dump conducted by a trading group, eventually he considers crypto is scams. So I am very upset
if there are whales doing pump and dump, it causes many victims for small investors who don't have trading experience. Moreover, getting profit
from a pump and dump will make us feel guilty, because there are some people who are disadvantaged.

people who manipulate market prices can be imprisoned , there is a law for it I just don't know if this will law can also be use in crypto currency but if proven even the exchange has a power to block your account for manipulating the market. So its not a wise idea to join in a group that want to only manipulate the market just because they want to earn from. They can only shill it in social media but manipulating it is a crime and unacceptable for the exchange.