Recently, a dangerous type of fraud has emerged in the crypto market
And the most dangerous?
What people are doing is something old and famous in the market
People you used to trust their words and considered them experienced 😔
And this is exactly what easily traps new traders.
🪙 How does the trick happen?
The scenario is always similar 👇
A well-known influencer suddenly appears and starts promoting a new meme coin
With words like:
“This is the opportunity you can't miss”
“This currency could be the new Bitcoin”
People are afraid to miss the train
Enter quickly
And demand rises 🚀
🚮 And then what happens?
✔ The price suddenly soars
✔ The influencer sells everything they have at the peak
✔ A strong dump will occur
✔ The price is collapsing ⬇️
✔ And people prefer to hold a currency that has no value 💔
This is called the classic
Pump & Dump
😔 Why do many people fall?
For a simple and serious reason
Blind trust
People trust the name
Not in the project
And in a market like crypto
Trust without research = almost guaranteed loss.
🔍 How to protect yourself as a trader?
✔ Do your own research (DYOR)
✔ Don't enter a trade because of a post or video
✔ Anyone tells you 'guaranteed profit' or 'this currency will explode'
Know that you are facing 🚩 danger
And always ask yourself:
– Does the project solve a real problem?
– Is the team well-known?
– Is there transparency? Or is it all marketing talk?
💡 The summary
Crypto is a market of opportunities…
But also a market of traps
Not everyone who has followers
They care about your interests
Proper trading requires awareness
And awareness always comes before profit 💪💰
Final note 👇
The fastest way to lose your money
Chasing after others' words
Without understanding what you are entering.
Always trade in highly trusted currencies such as:
$BTC
