Pump and dump?

[DireWolfM14]

How many of you folks have participated in these schemes?

Perhaps I've already shown my hand by calling them schemes.  From a regulatory standpoint, any reputable trade market sanctions against pumping and insider trading.  Certainly we're all aware of why these actions are frowned upon, or criminalized and prosecuted.

I get it, crypto is the wild west; unregulated, unsanctioned, and arguably illegal.  Sure, that's likely to draw out the scumbags, shysters, and generally shady characters.  But, aren't most of us trying to legitimize crypto?  Help bring it to the mainstream?  So why are people introducing pump and dump schemes into the crypto world?  Or, more specifically why are people who're otherwise ethical folks participating in them?

Maybe I'm being a prude, and most of you don't think they're unethical.  So, that's my question; pump and dump: ethical or not?

[batang_bitcoin]

Pump and dump is unethical.

The usual group of it will dictate you what will be the coins that you should start buying and when people on the top saw that coin is currently being pumped, you'll get left behind.

more specifically why are people who're otherwise ethical folks participating in them?

It's about money.

[DireWolfM14]

It's about money.

Sure, that's understandable.  But are people really so short sited they can't see how this is hurtful for the longevity of the market?  This type of behavior will not only keep the typical investor/consumer from entering the crypto world, it invites government regulation.  If we can't regulate ourselves, it just a matter of time.

[Encelad]

No one remembers ethics. The cryptosphere is a very big money. Pumps and dumps are very beneficial to whales, they are earn on this situations. Whales will continue to manage the cryptosphere until the cryptocurrency is officially legalized.

[batang_bitcoin]

It's about money.

Sure, that's understandable.  But are people really so short sited they can't see how this is hurtful for the longevity of the market?  This type of behavior will not only keep the typical investor/consumer from entering the crypto world, it invites government regulation.  If we can't regulate ourselves, it just a matter of time.

They don't care at all with those sentiments that you are mentioning as long as they are taking out good cash, looking at the profits that they can possibly made during short times it is what's the most important thing to them.

We already seeing the government starts to make their own move by interfering through regulations.

[que91]

With the cryptocurrency market, bump and dump rates are perfectly normal and always occur as a rule. When the market cryptocurrency is affected by the negative news, the exchange rate will quickly decrease, and time later the market will recover. That's the whale's way of getting profits from inexperienced investors.

[anglosaxon]

In my opinion, the prices of the coins and tokens shoul always rise and fall organically. For me, trying to make pump and dump is absoulutely unethical.