Author

Topic: Pump and Dump Exposed (Read 141 times)

member
Activity: 210
Merit: 14
April 27, 2018, 09:44:05 PM
#6
Pump and dump schemes are very detrimental to cryptocurencies in general.In fact the SEC have a ransom for people who expose such schemes for prosecution.The market manipulation by such schemes exposes innocent and unsuspecting investors to too much risk and detrimental losses.It should be something that should be condemned.

Exactly right. They scam people knowing that the members of that group will gain profit out of that but instead they call the pump when they have already bought the coin and tell the others to buy without knowing that its already been set up.
member
Activity: 574
Merit: 13
April 27, 2018, 09:30:07 PM
#5
It's interesting, pump and dump exposure in groups, but whether it will harm the crowd and think of personal benefits. Of course, I do not like it even others will also feel the same.
But that's okay, besides that's each strategy.
thanks for the information
full member
Activity: 518
Merit: 101
April 27, 2018, 08:24:02 PM
#4
Pump and dump group is so bad for me,someone getting big profit and another one getting huge loss it's very not fair.
newbie
Activity: 92
Merit: 0
April 27, 2018, 08:17:11 PM
#3
shocking expose , however they tried to control low mcap coin .
but imagine big whales might be doing the same with other top altcoins .
otherwise market condition should be better by now .
full member
Activity: 434
Merit: 102
Leading Cryptocurrency and Blockchain Company
April 27, 2018, 08:13:48 PM
#2
Pump and dump schemes are very detrimental to cryptocurencies in general.In fact the SEC have a ransom for people who expose such schemes for prosecution.The market manipulation by such schemes exposes innocent and unsuspecting investors to too much risk and detrimental losses.It should be something that should be condemned.
jr. member
Activity: 50
Merit: 5
April 27, 2018, 08:01:49 PM
#1
Recently, there was a major pump and dump group brought to the attention of the crypto community. Many popular influencers in the space were exposed for their particiption in a telegram chat that shows clear evidence of market manipulation. This sparks the debate of whether self regulation is sufficient for crypto or if authorities must be more involved.

Original source: https://cryptodisrupt.com/self-regulation-in-the-crypto-community/

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