CoinMasterMind
Sat Sep 28 2024
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5 answers
1040
How long do crypto pump and dumps last?
Could you please elaborate on the typical duration of crypto pump and dump schemes? I'm curious to know how long these manipulative market activities generally persist before they start to show signs of fading or reversing. Do they often last for mere hours, or can they stretch out over days or even weeks? Understanding the lifespan of these events could help investors better navigate the volatile cryptocurrency landscape.
Martino
Sat Jul 13 2024
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7 answers
1481
Are pump and dumps a good way to invest in cryptocurrency?
The question looms large: are pump and dumps truly a sound strategy for investing in the volatile world of cryptocurrency? On the surface, the allure of quick profits may seem irresistible, but one must delve deeper into the risks involved. Pump and dumps typically involve artificially inflating the price of a crypto asset through coordinated buying, followed by a swift sell-off, often leaving unsuspecting investors holding the bag. This practice not only undermines the integrity of the market but also poses significant risks to those who participate. Given the highly speculative nature of crypto investments, relying solely on pump and dumps seems a precarious gamble. So, the question begs: is it really a wise approach to invest in cryptocurrency through such methods?
