Fake binance pump?

[Semosuchi Tesongrato]

We are moving into a new and unregulated market, so it is inevitable that what happens is difficult to predict.
And in a market with low volumes, it is easy for those with large amounts of coins to move the price at will

[Fantastickarl]

Its best to avoid any fake binance pump as this can make you lose a lot of money in the market. Anytime you see such fake pump, its best to steer clear off it as it could make you lose money if you join the pump.

[Adrin]

If you follow cryptocurrency Pump signal so sometimes you can get a fake signal because to money Telegram group give you fake signal. In a couple of days ago I follow Telegram signal and there are too many people join on this group those people are pump coin but that was not fake. I got some signal in Telegram group that was cryptopia pump signal.

[hungsanh2512]

Why a big site like binance is so fake ? 96btc / 1sys, it has a hole in the password.
Please improve your security and ensure that you will not happen again.

[crptotrader007]

Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?

One should not take part is these types of pumps as Small Coins like sys can be easily pumped and dumped and that creates panic situation in investor's mind.
This is the second time that due to binance internal trade issue phished Binance users and due to this  system down, and halted trading.
Soo trading in this type of situation is not ideal.

[wantjokull]

That sucks man. We should never focus on such crypto projects which gets regularly pumped and dumped because that can lead us to failure most of the time. I have seen many people going for the artificial pumps but most of the time not every person in the group keeps his trade open until the end of the pump and thus the order gets misfired and people loose money over it. I guess there is no reason you should be taking part in such projects or in such fake pumps. Well they are not fake, off course they are real only but the only thing is its unnecessary pump. It happens over many exchanger to be precise, not just binance.

[crazy_elky]

I heard binance have reverted all sys trading after the latest pump. It's crazy...
Pump is great if you have enough coins that is being pumped. You can dump and make profit. But you shouldn't use binance for that because they can easily revert trades...

[Roukawa]

Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?

I think it is good also to go along the pump specially if you know already the movement of the coin. However, it has a great potential to loss a lot if there is manipulation in the market. The risk is always there and there arr always loss in the pump and dump of a certain coin.

Anyway, I think Binance is like just Yobit where pump and dump always happen. And I don't know if it is a fake pumps or not.

[minivan]

I think that the real question is how to recognize that the pump is going to happen and get in early. Noone has been twitting about the SYS pump anyway.

[t3ChNo]

Even if you like to join the pump, it's always too late. Can't beat the bots.

[Oceat]

By the time you see a coin pumping, it is already too late to buy. You won't have time to sell before it dumps and you are left bag holding.

The only people who benefit from a pump and dump are the one or two top scammers.

That's why sell only according to your desired price and not just too high so you can still earn something from your investment or else you can put a sell order list but it will take longer before you get that desired price. At least you aren't losing in that way, but i only did it only if i plan to sell my long-term invested coins.