The crypto market is wonderful in its own way.
There is a huge amount of scam here and it is produced by underdeveloped deer🦌
Those who don’t understand that by playing for a long time, you can earn a lot more and be left with a clean reputation.
One of the most popular types of scam lately is pumping.
✖️ Let's analyze it in practice so that you never run into this.
1. Deer creates a TG channel, a group and begins to talk beautifully about a previously non-existent coin.
That it has recently entered the market, but is an incredible technological solution that will change the world and all exchanges want to partner with them.
2. Next, there is a call to fly into this coin while it is still at the very bottom, in order to make 1000 x.
As a rule, this deer is called an insider.
3. Later it turns out that the largest exchanges in the world are already partnering with the coin and it’s about to be listed, so “let’s go for the whole cutlet”
They periodically attach screenshots of how they themselves buy back this coin (for credibility)
4. And in just a week, from an unknown coin, it turns into almost a receiver of Bitcoin and can cure cancer.
Gullible people who have never encountered DEX throw money in and as the number of holders grows, the coin actually shows growth.
BUT
When you decide to withdraw at least the body that you put in, for some reason it doesn’t work out.
The coin cannot be sold.
And the whole point is that when creating the token, the scammer foresaw this and immediately stated that the coin cannot be sold.
Only he can sell it himself.
And a person who doesn't understand it won't check it because he's blinded by the potential millions of dollars in his account.
5. At the end, the coin disappears from the exchange. The creator became rich.
And a gullible person is faced with total deception.
Now you know how scammers operate and how you can protect yourself from unnecessary financial losses.
