Bitcoin Forum

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/

What do you think is right for crypto. Tell us what you think in the comments!

Join the discussion in our telegram group! https://t.me/joinchat/DznUlFMG3bxucb2XRXzppQ

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.

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 .

Pump and dump group is so bad for me,someone getting big profit and another one getting huge loss it's very not fair.

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

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.