Topic: How can we identify pump and dump? - page 2. (Read 194 times)
You can't definitely be 100% sure if a coin is being pump and dumped, but to easily stay away from these, stay away from shitcoins. Is there a certain coin that you never heard of or has been pretty much unknown by the community that has jumped a lot in price? Then it's likely to be a pump and dump. The current top coins are a lot harder to pump and dump due to the prices being significantly harder to manipulate; though it isn't impossible, it's definitely a lot harder and it's going to need a lot more pump and dumpers and a lot more capital.
This is very hard as altcoin markets are not only manipulated by pump and dump groups but also by whales and whale groups as well that together control the price. The only way you can see if a coin is taken over by a pump group s when you can see a coin without much news or latest events is randomly pumped with no specific reason except that it was chosen by a pump group on a particular day to be pumped.
It is frustrating when I saw a strong momentum and bought a position only to see that it candle return to the original price where it belongs. Is there anyway we can know it is p&d group working and not organic push?
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