What is a Pump Dump?
There is a constantly growing interest in crypto paralysis, and as a result of this interest the coins are constantly rising and lowering, of course, among the reasons why purchases at higher prices are made at higher levels of coins, which is not something that one or a few people can do.
It is a group work and it is effective if it is done in groups. It is called pump event. It is a game played on new investors. It is a kind of it and the investors who see it rise up to sell the coins which are available and increase it. Coins last dump by selling coins of this group.
fell into this trap too many times... biggest driver is the FOMO that i and everbody gets, i think. Fear Of Missing Out
and when you are in and see the price declining, FUD kicks in. Fear Uncertainty and Doubt. usually too late...
Yes exactly...