As you know, one of the most popular kinds of manipulations on the cryptocurrency market. Big players on the cryptocurrency market are known as whales. They can manipulate the cryptocurrency price using the tactic “Pump and dump”. Whales buy a lot of cryptocurrency in several days causing price increases. This attracts new investors to the cryptocurrency because hamsters want to buy more cryptocurrency in hopes that the price will be raising and they will be able to sell assets for the higher price. But this isn’t happening, because whales, after gaining a specified mark, begin to dump coins. In such way, whales get a profit, and the price of the cryptocurrency falls. How do you think how not to become the prey of such kind of whales` manipulations?
Have your own mark as when to buy and sell bitcoin. Take note that pump and dump is not a new scheme that whales do in crypto market, if you are late on selling just hold, some time soon the whales will be pumping the market again. Take note that whales will not always control the market, once mass adaptation happens, the mass can out play the whales as more and more people hold bitcoin.