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How To Identify A Pump and Dump

by icosuccess
, How To Identify A Pump and Dump

You’ve heard the term, but what exactly is a pump and dump? Let’s examine this form of market manipulation within the crypto sphere; how to spot them, and how to avoid them.

The cryptocurrency and blockchain industry is still new and not as regulated as other markets. For this reason, many newbies fall victim to various schemes. The pump and dump being one of the more popular market manipulating strategies. In a previous article, A Watchful Eye on Market Manipulating Practices, we touched on the different ploys.

The general rule of thumb is: If it sounds too good to be true, it probably is. Novice investors should never want to get caught up in the hype of get-rich-quick schemes.

As we continue on, we’ll going into details of how pump and dumps work, the reasons to avoid them, and red flags that can identify.

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