Topic: How to avoid "Pump and Dump" scams (Read 65 times)
My recommendation would be not to follow the trend, if you believe a coin is being pumped stay away and do not get into any of this groups you will lose in the long run. Only a few will get results.
I've seen most of the pump and dumps with the smaller 'alt' coins. There are P&D groups on Twitter and Telegram that collude to pump and dump at specific prices.
How to avoid them? Just stick with the top cryptos by market cap, like the top ~50 or so, you will need to decide.
Many of the ICO's are initially pumped and then the selling begins. If it is a solid project, many will turn around and get a bid,,,,,,eventually. Reading the white paper and researching the mgmt team/developers/backers should give you a good idea of the crypto that your looking to invest in.
How to avoid them? Just stick with the top cryptos by market cap, like the top ~50 or so, you will need to decide.
Many of the ICO's are initially pumped and then the selling begins. If it is a solid project, many will turn around and get a bid,,,,,,eventually. Reading the white paper and researching the mgmt team/developers/backers should give you a good idea of the crypto that your looking to invest in.
There's one going on right now - Peercoin may not be responsible for it, but their token got pumped on the back of some clearly fake news. Avoid these scams! https://cryptobriefing.com/how-to-spot-a-pump-and-dump-avoid/
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