Difference between revisions of "Pump and dump"
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(Created page with "{{concept |wikipedia= |image=Btc-pumpndump.jpg |constitutes= |interests= |description=manipulating investors into buying shares in order to inflate the price artificially, and...") |
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A special fiat token, [[Tether]], was used to pump up [[Bitcoin]] in the following scheme: | A special fiat token, [[Tether]], was used to pump up [[Bitcoin]] in the following scheme: | ||
[[image:Tether0.jpeg|left|600px|thumbnail|Pump-and-dump schemes involve [[propaganda]] and [[fiat currency]].]] | [[image:Tether0.jpeg|left|600px|thumbnail|Pump-and-dump schemes involve [[propaganda]] and [[fiat currency]].]] | ||
| + | "Notice how Bitcoin only rises during times when Tether is seen injecting hundreds of millions into Bitcoin. And during the periods they stopped, we saw major market corrections."<ref>https://scribe.bus-hit.me/5-undeniable-reasons-why-bitcoin-will-never-work-d8e8f84f0e51</ref> | ||
| + | [[image:Tether1.jpeg|left|800px|thumbnail|Pump-and-dump schemes involve [[propaganda]] and [[fiat currency]].]] | ||
| + | |||
| + | ==External link== | ||
| + | *https://scribe.bus-hit.me/5-undeniable-reasons-why-bitcoin-will-never-work-d8e8f84f0e51 | ||
{{SMWDocs}} | {{SMWDocs}} | ||
| + | |||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
{{Stub}} | {{Stub}} | ||
Revision as of 17:32, 10 April 2022
 Pump and dump  | |
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| manipulating investors into buying shares in order to inflate the price artificially, and then selling one's own shares while the price is high, shortly before the inevitable crash |
Pump and Dump denotes the fraudulent practice of encouraging investors to buy shares in a company or coin in order to inflate the price artificially, and then selling one's own shares while the price is high.[1]
An example
A special fiat token, Tether, was used to pump up Bitcoin in the following scheme:
"Notice how Bitcoin only rises during times when Tether is seen injecting hundreds of millions into Bitcoin. And during the periods they stopped, we saw major market corrections."[2]
External link
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