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RE: Be aware of Scam Crypto Pumps - I lost money.

in Project HOPE4 years ago

Thanks for sharing @maciejficek

I personally never participated in any pump and dump, since I always consider it to be very risky move. Risky for regular people, not for those who are behind it.

They bump its price and then sell with advantage because other people who don't participate in that, are "bound" to buy it also for higher when seeing how its price increase

To me this sounds like a propaganda. If price is going up, then more likely those who profited will take some of their profits. I cannot see people "jumping" on board of pump without solid publicity. So those who follow similar discord groups will mostly lose. Because noone else (Except of them) will even know and care about some little pump.

Again, thanks for sharing your experience with us.

Yours, Piotr