The Pump and Dump Cycle: How Your Money is Being Stolen
Have you ever wondered how the price of a particular coin or stock skyrockets overnight, only to plummet the next day? What's behind this phenomenon?
This is the pump and dump cycle, a type of scam where a group of individuals artificially inflate the price of a coin or stock by creating hype.
Once the price has risen, these individuals sell their shares and reap the profits. However, when the price drops, those who bought into the hype are left with significant losses.
This is a significant risk, and it's essential to be cautious. If you notice a coin or stock's price rising rapidly, exercise extreme caution before investing.
Remember, if it seems too good to be true, it probably is. Don't fall victim to the pump and dump cycle.
Stay safe, and stay informed!
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