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Thursday, March 15, 2018
How to avoid getting duped by cryptocurrency ‘pump and dump’ schemes (like I did)
Buy low, sell high; do not follow the green candles, let’s pump until 87,000 Satoshis and dump it at ATH (All Time High). These are just a few notable phrases of the chat groups where hundreds and thousands of cryptocurrency traders gather all together to increase the value of an altcoin. These types of groups, normally referred to as ‘pump and dump‘ groups, are bringing market manipulation to a whole new level. Nefarious crypto traders use secure messaging platforms like Telegram to orchestrate coin manipulation to make a quick buck — at the cost of less experienced traders. If you’re…
This story continues at The Next Web
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