Hello All Steemit and Tron Fan Lovers Assalamualaikum

Hopefully everyone is healthy and well by the grace of the Creator. You are also having a good time with all your family members. I am also good Alhamdulillah. Today I will discuss with you about crypto pump and dump scheme. I hope you enjoy my writings.

Crypto Pumps and Dumps are a group of fraudsters who sell their shares at a high price, first they increase the price of the cryptocurrency that means pump and they decrease the price of ( dump) it when their shares reach a high price. As a result, the price of that cryptocurrency is so low that it is lower than the original price.

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Usually scammers initially collect large quantities of these coins or tokens when the coins or tokens are at a low price and then advertise them through various social media. Then they market them through lies and forgery through various social media. Then when they market them, they increase the price. That is, they pump. Once the price reaches the maximum, when people collect them through misinformation, the scammers reduce the price and dump it.

Then scammers or influential people dump and cash out those coins or tokens for huge profits. Today, as a result of selling these coins or tokens, their price is lower than the actual price. As a result, many coin holders are unable to sell their coins on time. As a result, they will be stuck with their currency. If they cannot sell their tokens or coins they will lose their money one day and this questionable coin or token will no longer exist. And in this way scammers take a lot of money. This is known as pump and dump scam. And this is a fraud. So it is a criminal and reprehensible act. Thanks everyone.

Much Love And Best Wishes To All

I am Md. Kawsar Hasan. I am a Bangladeshi. I feel very comfortable to introduce myself as a Bangladeshi. An assistant teacher by profession. A writer intoxicated. So I feel very comfortable writing content on different topics. It’s great to know the unknown and learn something new. Love to travel.
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