Cryptocurrency Pump-and-Dump Explained With Triangles…

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No one can deny, there are many opportunities within the world of cryptocurrencies. Whether you are talking about the “founding fathers” such as Bitcoin and Ethereum, or talking about alt-coins, there is a great variety of chances to make money. With that being said, if you are a beginner and just getting started, you need to understand that in many cases, a cryptocurrency is simply a pump-and-dump (oftentimes referred to as a “rug pull”). Is this something you should be afraid of and allow it to cause you to avoid trading/investing in cryptocurrencies all together? No! Absolutely not! However, if you want to survive as a crypto trader, then you better understand the dynamics of a pump-and-dump and how it works. By understanding you’ll have a much better idea of how you need to behave and develop your trading strategy. As long as you know you are playing with fire, then you can make some money from that fire. The bigger problems arise when beginner crypto traders and investors have no idea they are playing with fire, leading them to of course get burned very severely! The good news is, understanding a pump-and-dump is as simple as understanding basic shapes we’ve all learned about as children, specifically, a triangle. If you can understand a triangle, you can understand cryptocurrency pump-and-dumps! Don’t be scared of them, profit from them!

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