Santa Clarita, California -
Santa Clarita, California. Defi-gamefi.com has released a report on the “Pump and Dump” trend that this making a few people rich but can cause huge financial lose for those newer to investing.
A pump and dump scheme is a fraudulent trading practice that involves fake online trading platforms that increase the value of a particular cryptocurrency. Pump and dump scams are mostly seen in the altcoin market but can happen in any market as well. These schemes are illegal and involve fake online trading platforms that either have limited access or are difficult to access through legitimate channels.
Once a new trader accesses the platform, they are asked to deposit a certain amount of money to “join the program’ or to be a part of the “pool”. Once the user deposits their money, the scammers “pump” the market through buying large amounts of low-priced cryptocurrencies to artificially inflate the price of their trading platform. Once the price of the crypto increases, the scammers “dump” their holdings at a high price, causing the new trader to lose money.
“We see pump and dumps all over the cryptocurrency altcoin market,” states Raul Meza, content director at Defi-gamefi.com. “Recently in the news we even hear about celebrities themselves have been accused of perpetrating pump and dumps. Sometimes a simple short tweet in favor of a certain altcoin goes out stating that the celeb just purchased that coin and that they believe in it. Next thing you know the coin takes off and the celebs sell off their share for a tidy profit. This leaves other investors holding the coin as the prices tumbles.”
There are several red flags that can help identify a pump and dump scheme. These include fake trading platforms, unrealistic promises, unrealistic income claims, unrealistic market predictions, and sudden price increases.
More information on this subject can be found at Defi-gamefi.com which also host a video on the Pump and Dump trend.
Defi-gamefi.com is committed to pushing the cryptocurrency market forward by educating their community on its various aspects. As such, they welcome all inquiries from those who wish to learn more.
Defi-gamefi.com is committed to pushing the cryptocurrency market forward by educating their community on its various aspects of defi and gamefi. As such, they welcome all inquiries from those who wish to learn more.
18283 Arial Way Santa Clarita, Ca 91350
May 10, 2022 – Online Multiplayer Game Giant FaceIT, Lets Esport Players Win Crypto Thanks To Cake DeFi
April 18, 2022 – Defi-Gamefi Answers The Question - What Is Gamefi, A Blockchain-Powered Gaming Marketplace?
April 18, 2022 – Defi-Gamefi Shares Information On “Pump and Dump” Crypto Schemes And How To Avoid Them
April 13, 2022 – Internet Learning and Making Money Online Are Now A Reality Through Gamefication (Gamefi)
April 12, 2022 – The Ugly Truth About “Pump and Dump” And Why It Causes Crypto Investors To Lose Money In 2022
March 31, 2022 – Beginners Guide To Investing in GameFi and Metaverse Tokens In 2022
March 31, 2022 – Top 3 Projects That Help Gamers Make Money In Crypto With Online Gaming In 2022
March 28, 2022 – Gamerse Social Wallet's Share-to-Earn model Plays Nice With NFT's, Streaming, And Cryptocurrency