♦️ In fact, “pumping’’ and “dumping’’ are illegal actions in
cryptocurrency by “sharks” who have great capital to control the market.
Firstly, Sharks will try to “pump”
altcoins: They spend time purchasing altcoins at low price and promote them on social media channels to raise the awareness to the rest of the world and make investors believe in the vision of digital assets, the potential and its application.
Once the
cryptocurrency hits a predetermined value, the pumper will “dump” or sell the asset as soon as possible for profit, leaving the retailers holding the bag.
This business trick can be easily recognized; however, if you are wise enough, you can make some money before the sharks start “dumping”.
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