Quote from: Beparanf on March 29, 2024, 01:00:44 PM

Quote from: Jonyshake71 on March 28, 2024, 12:20:20 PM

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

Yeah, this is always the gimmick created by the exchange and team together since CEX doesn’t have any blockchain records to verify who’s involved but the exchange has the power to place a quick buy order on thin order book to make the coin display a fake pump that frequently being use to attract more new traders to jump in and ride the hype.

This is why waiting for the correction after it was listed is the best approach to invest on this coin rather than gamble buy while team/exchange is still fake pumping it because you might ended up buying an OP coins and worst that it be die quickly while you purchased at the top.

CEX should be regulated properly in able to avoid this but since most of the exchanges choose a country with weak regulation on crypto exchanges makes them free to do whatever they want including this such manipulation.