Understanding what a pump-and-dump scheme is involves recognizing its two main phases and how social media plays a role. The “pump” phase: Creating hype In the pump phase, scammers start by acquiring a large number of shares in a cheap, often obscure stock. They then begin an aggressive...
Unfortunately, these traits are also what the pump-and-dump scams highlight, promising a breakthrough in whatever the day’s hot new technology is (3D printing, biotech, solar). They ensnare newer investors with promises of wealth from almost-on-the-verge “blockbusters.” In addition todoing...
Thepump and dump or rug pull schemeis another scam that racks up millions of dollars every year. The fraudster creates a buzz around something worthless and persuades people to invest in it. As the price pumps up, the fraudster dumps their stock at its peak, leaving investors in their wa...
White-collar crime is a nonviolent crime characterized by deceit to obtain or avoid losing money, or to gain a personal or business advantage.
A cryptocurrency airdrop is a marketing stunt that involves sending free coins or tokens to wallet addresses to promote awareness of a new currency.
Looking for online definition of pump-and-discharge or what pump-and-discharge stands for? pump-and-discharge is listed in the World's most authoritative dictionary of abbreviations and acronyms
Over the years, pre-mining has gained a negative reputation in the cryptocurrency community. This is because it is seen as an easy channel to orchestrate a pump-and-dump scheme, in which a cryptocurrency initially low in price is hyped up by scammers to inflate its price. Then, when the...
This is a very interesting question since a company can always claim that its tokens were meant for utility only.However, when you look at the token market, you can clearly see that people buy tokens in the morning and then sell them in the afternoon. Meaning tokens are bought in order ...
It may be too late to make a quick turnaround profit, but that doesn’t mean you’re too late to the party. Truly great investments continue to deliver value for years. That's a good argument for treating active investing as a hobby and not a get-rich-quick scheme. How to manage ...
The famous windmills of Holland pump water from behind the dikes and back out to sea to keep the land dry. There are even parts of the Netherlands, called polders, where the Dutch have created new dry land along the sea by diking and draining it. A levee is typically little more than...