What Role does Exchanges Play in Fighting Pump and Dump?

[stefany101]

Exchange's management team doesn't have any control in the prices whether it will pump or dump, prices manipulating is the done by the crypto traders not by the exchange. Their obligations is to give traders a great trading experience and to monitor the maintenance of the exchange/s sites they are handling.

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[Nisharawal]

Pump and dump is a big threat to cryptocurrency and this discourages many people from investing. Consequently, there were rumours that some exchanges such as Binance have means of preventing this. However, recent revelations show that such activities are happening even in the top exchanges. Do you think exchanges can do anything about this menace?

Pump & Dump is already running in many exchanges, but do not know whether they are able to control it to a certain extent or not. If it is really discouraging people and if people and exchanges are really against it then i can understand how can one make money with crypto trading and investments. I think exchanges will soon find any way to stop this Pump & Dump .

[1Referee]

Thanks to the pamp and dump the crypto market is so attractive to many. Thanks to this, many can earn here.

That's not really true. In all cases it's only a select few people (probably below 5%) actually manage to book any profits. The majority of the people are the losers providing the winners with profits. Money doesn't grow on trees, where you have one winner there are like a dozen of losers.

If there was no price change, then no one would buy currency, because there would be no point in that.

Crypto in general has barely any liquidity to it, so even without pumps there are enough opportunities to benefit. The only difference is that those who know what to do and look for can book profits within very tight ranges, where the noobs need massive swings in order to profit.

Also, while the majority of the people are only here for the speculative aspect, the rest is here actually for the utility. There is always a point to buy crypto.

[Omega Weapon]

Pumps and dumps in the crypto world will hardly stop except there's some form of regulation is introduced in the space. That being said, I'm against P n D as it is a threat to the crypto world. Usually info about a particular pump is passed to members of a group and they take positions at very cheap prices, and those who buy in thereafter get burnt

Almost everyone that participates in such endeavors end being burned at the end and when they learn how they work, instead of understanding that they were scammed they want to be some of the early investors in those groups so they can profit from the misery of others, that is something that is simply not right, once you learn about how pump and dumps work no one should ever participate in one.

[TheUltraElite]

Almost everyone that participates in such endeavors end being burned at the end and when they learn how they work, instead of understanding that they were scammed they want to be some of the early investors in those groups so they can profit from the misery of others, that is something that is simply not right, once you learn about how pump and dumps work no one should ever participate in one.

I dont quite agree with you. There is a difference between a scam project and a pump and dump. A certain project can be both or neither of these two. A pump and dump is not essentially a scam. If you observe the RSI of the bitcoin charts you can obtain two points one at which the market price rise and the other at which the price drops.

Though this it is possible that evry minute a pump and a dump occurs in every trade-able asset on an exchange. Do the exchange have any hand in it? No. It the traders who even unknowingly end up pumping and dumping; sometimes knowingly as well.

[nicolas1979]

Pump and dump is a big threat to cryptocurrency and this discourages many people from investing. Consequently, there were rumours that some exchanges such as Binance have means of preventing this. However, recent revelations show that such activities are happening even in the top exchanges. Do you think exchanges can do anything about this menace?

Exchange have solid team with high experience and powerful tools, there's no doubt they prepare everything from bad until the worst. As users we only need to follow their rules not complaint, they have full control not us. They will fighting with their own way, survive is the only way to give proof they have capability. Let it go, it's not our problems anyway.

[pant-79]

Pump and dump is not a threat, but an opportunity. All you need to do is learn how to make money on it. To do this, you can use technical analysis, fundamental analysis, or simply rely on luck (but it's very unreasonable, so I don't advise this tactic).
As for exchanges, they only benefit from this. Moreover, I am sure that they themselves make pump and dump. Therefore, they will not use any real action to prevent this.

[rodskee]

Pump and dump is a big threat to cryptocurrency and this discourages many people from investing. Consequently, there were rumours that some exchanges such as Binance have means of preventing this. However, recent revelations show that such activities are happening even in the top exchanges. Do you think exchanges can do anything about this menace?

Pump and pump aren't good for the cryptocurrency it's mean pump and dump are controlled by bigtime investors to manipulate the price
We need to make plan how to avoiding this kind of manipulation in the crypto for the security or all cryptocurrency holders and to encourage more people to invest in crypto

[Tynovten_]

I never thought market can prevent this thing, neither binance or others. Pump or dump just a speculation from the owner of the bitcoin itself, out of the other factors. There's no other way except fight alone and avoid damage things.

[TheUltraElite]

Pump and pump aren't good for the cryptocurrency it's mean pump and dump are controlled by bigtime investors to manipulate the price
We need to make plan how to avoiding this kind of manipulation in the crypto for the security or all cryptocurrency holders and to encourage more people to invest in crypto

It is true that pump and dump makes people think of a certain asset as a pump and dump scheme and avoid it but it is also profitable for those who can identify when the pump starts and when the dump starts. If you keep following them you will be able to set a certain price to buy and a certain price to sell. That way you can recycle your money, reinvesting it for more profit. However swings of price can happen any time and you might lose money as well.

I never thought market can prevent this thing, neither binance or others. Pump or dump just a speculation from the owner of the bitcoin itself, out of the other factors. There's no other way except fight alone and avoid damage things.

Its not enough to fight it. If you want to avoid it totally you have to hodl and wait for years to pump it big.