Something I do not understand this trendy market?
These are the guys who are destroying the image of some altcoins with their pump and dump
Speaking of pump and dump:
-Focus on pumping ALTs with low volume.
You know it:
"Pump and dump" (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" sell their overvalued shares, the price falls and investors lose their money. This is most common with very small corporations, ie "microcaps."[1] See Microcap stock fraud.
While fraudsters in the past relied on cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors through spam email, bad data, social media, and fake news.
A pump and dump scam is a type of economic bubble, with the main difference between this scheme and most other types of bubbles being that the pump and dump bubble is deliberately perpetrated by unlawful activity. A pump and dump scheme is similar in many ways to a Ponzi scheme (in that both types of scam use misrepresentations in an effort to enrich the promoters and/or initial investors with money from later investors), however, there are a number of differences between the schemes:
Ponzi-type investments are privately traded, often between individuals that are known to one another, whereas pump and dump schemes are typically marketed to the general public and traded on public stock exchanges and the victims and perpetrators are not acquainted with each other.
Ponzi schemes typically promise very specific returns on investments and/or include falsified records implying consistent and steady returns, whereas pump and dump schemes only come with general and/or implied promises of substantial profits.
Ponzi schemes typically come with the expectation of profit over a relatively-extended period of time and typically last for months, years or even decades before their inevitable collapse. By comparison, pump and dump scams are designed to make profits extremely quickly and are executed over a period of weeks, days or even hours.
Pump and dump schemes are invariably intended to be scams from their conception, whereas Ponzi schemes are occasionally the result of investment vehicles that are originally intended to be legitimate but ultimately fail to perform as expected.
For all of the above reasons, Ponzi schemes tend to leave a far more extensive trail of evidence. They are typically much easier to prosecute after they are discovered, and often result in much stiffer criminal penalties.
You can be arrested if you keep doing this.
