Pump And Dump Schemes: How To Avoid Being Rekt

Pump and landfill schemes: How to avoid re -contacting the cryptocurrency market

The Crypto Currency World has been marked by numerous pumps and storage schemes over the years. These frauds are concerned with investors who do not respect, promising unusually large yields of their investments, only to dry them out before causing huge losses for those who have taken. In this article, we will deepen the dangers of pump schemes and storage and provide advice on how to avoid being a victim.

What is pump scheme and landfill?

Pumping scheme and landfill is a type of financial fraud in which a group of people artificially swells the price of a crypto currency or shares with coordinated efforts to buy large quantities, creating a false sense of demand. Once the price reaches its peak, they sell its shares at a swollen value, leaving other investors with significant losses.

How to identify the pump scheme and delay

To avoid rect (returned), it is crucial to be aware of the warning signs of pump scheme and storage:

• Unusually big return : Be careful if investments promise an unusually high yield, with low or no risk.

• Coordination between several parts : If more people buy large quantities of crypto currency at the same time, it could be a sign of coordinated effort to recharge the price.

• Lack of transparency : legitimate investment capabilities usually provide clear and transparent information about business, strategies and financial.

• Pressure to act quickly : Be careful if investment in investment creates emergencies or pressure to act quickly, without allowing time for thorough research.

Red Flags: The usual tactics using fraud

Frauds often use different tactics to attract victims and pump the price of the crypto currency:

• Initial currency offers (ICO)

  

  : Be careful icons that promise unusually large yields or guaranteed profits.

• Campaign to socialize : fraud can use the social media platforms to spread false data on cryptocurrency currency, creating an ambulance among investors.

• Pumping and storage websites : Fraud often hosts websites to pump the price of a cryptic currency by spreading false data and promoting orders to buy.

How to protect yourself

To avoid restarting the cryptocurrency market:

• Conduct a thorough exploration : Before investing, explore the crypto currency and its basic technology.

• Check the information : Check the cryptocurrency publisher or the programmer’s site to check your requirements and financial.

• Diversify the portfolio : Spread investments in multiple crypto currencies and assets to reduce the risk.

• Use famous exchange platforms : Invest with famous platforms for exchanges that have strong safety measures.

• Market Market Trifts : Pay attention to market trends and be careful about sudden pricing movements.

What to do if you were again

If you have been filled with a storage pump, it is crucial to take measures:

• Defense report : You are losing an appeal to regulatory authorities, such as the Securities and Exchange Commission (SEC) in the United States.

• Contact your exchange : Notify the Shift Platform on fraud and ask for help with loss recovery.

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Conclusion

Pump schemes and storage are a significant threat to the cryptocurrency market, frauds that take on unbearable investors that seek unusually high yields. Because you are aware of the warning signs and taking measures to protect you, you can reduce the risk of charging on the cryptocurrency market.