How to identify Pump and Dump

in #bitcoin6 years ago (edited)

4f2643bb-4689-42f2-850b-599b0fd232d4.jpeg

When you see 90 degree hike, there is most likely to be pump and dump scam. Once you see this, trying checking the reason behind that and best practice is to read the reddit community or their community telegram. And if you find nothing worth pumping the price. This means that this is 100% a planed pump.

Source


Sort:  

Good explanation my friend @palani, thanks ;)

First rule: do your own research. Do not follow internet 'gurus' advices etc. The more PR and hype around an asset the more chance there will be a dump after a pump.

Nice article! I've followed and up-voted your post i look forward to your future content!

I have done a pretty intensive write up on how the whales manipulate the markets and knowing this information can help to ensure you are on the right side of it!

You can see the article here: https://steemit.com/crypto/@cryptobroye/manipulation-vital-information-on-market-movement-and-how-to-read-their-efforts-for-usdprofit

For more info, technical and fundamental analysis of Crypto-currencies, an insight into how the whales manipulate the market and how to get involved in an exciting 12 month millionaire challenge we've recently started, check out @cryptobroye :)

Thanks dear sharing the informative and vakuaBle post. I appreciate see your post. And follow you

You got a 13.68% upvote from @upmewhale courtesy of @palani!

Release the Kraken! You got a 10.03% upvote from @seakraken courtesy of @palani!

Nice post! I will follow you from now on.

It is not possible to identify pump and dump.
Most pumps and dumps are from ICOs, that's all i can say.

This post has received a 11.22 % upvote, thanks to: @palani.

Coin Marketplace

STEEM 0.20
TRX 0.12
JST 0.028
BTC 62134.65
ETH 3418.09
USDT 1.00
SBD 2.51