There are a large cohort of extremely wealthy crytpocurrency traders atm on the exchanges running 24/7 coordinated Pump and Dump attacks on all coins! In order to make easy money to buy coins or their liking. What this does is it destroys the coins they are pumping and dumping by taking money out of the coin. Perhaps even worse is it causes real investors in coins such as Cardano to no longer invest because why should I put money in when every single time put a bunch of money in, the value of my coin immediately nosedives (through pump and dump)
This manipulation of prices on the exchange IS CURRENTLY THE BIGGEST THREAT TO CARDANO AND CRYPTOCURRENCY
We want to see a natural adoption of Cardano and cryptocurrencies reflected through the steady growth of lines hourly daily monthly and yearly charts on the Cryptoexchanges.
Not this current CIRCUS and promotion of MOONING to insane prices caused my pump and dumpers. Only to crash, destroy innocent people financially and morally. BITCOIN currently has the best hype to run this pump and dump scheme within. And I guarantee you many lives have been ruined financially already over the last week during the Dump. How do I know? I for one fell for this and lost money.
Bitcoin and altcoins are being slowly accepted but NOT at these insane rates, if you understand it, it’s pump and dump scam 101. These bull cycles are just an elaborate pump and dump scheme planned months before and planned yearly. At the end of the Bitcoin pump and dump bull run to the moon, price will return to it’s normal reasonable price, money will be stolen from coin exchanges, innocent people’s lives will be ruined financially and Crypto’s reputation will worsen.
After Bitcoins Pump and Dump scam is over. It’s time to build hype around Altcoins and run it all over again. Stealing people’s money and scaring off REAL people who want to invest in the future of Cryptocurrency!!
I sincerely hope Cardano can figure out a way around this quickly for it’s own sake.
I very much wanted to put a large some behind Cardano’s projects beliefs and values through the Cryptoexchange AU$10k-$20k to be exact. I got caught by the Bitcoin pump and dump, The money I wanted to make from Bitcoins FAKE mooning(pumped)l rise in value I would have taken out of bitcoin and invested back into ADA. Instead the money was stolen.
Next they will promote mooning prices for ADA from $5 $10 $20 in 2021. They have already pumped up ADA’s market price 2x and begun stealing money from ADA investors. I worry about all Altcoins but I worry most about ADA. Money that goes into the faith in ADA should stay in ADA and not feel threatened by pump and dump schemes imbedded within your exchange. I believe in Cardano and many others do as well! but as of this very moment you have a HUGE pest problem on the Cryptoexchanges taking money from ADA investors, out of ADA and scaring investors away.
If money were not involved, I believe Cardano would have more supporters because we would then not be fixated on the attainment of money and be more able to reason which projects are most valuable to get behind. That’s maybe the biggest problem is the world that I wholeheartedly beleve Cardano can fix, that as a culture we ascribe value to money rather than the people and companies providing worthy services. We get lost in the money! Cardano can move us away from money and back nto fundamental values
Here is a more detailed explanation of this pump and dump scam
And how you can see it inside Bitcoins “Bull-run”
Notice the peak of BTC performance is clearly a Pump and Dump. If you think about what’s happening in the graphs before the Main pump and dump, those smaller green elevators to heaven are smaller Pumps with some dumping, they are holding off on pulling the full trigger, trying to build the mountain as high as humanly possible “To the moon” all these scammers promote OUR coin may be climbing to US$70k per coin US$150k per coin TODAY. They keep investors hoping their coin will get to US$70/US$150 through HYPE videos on Youtube and fake chart analysis’. When it gets to US$40k they make the call as a secret group to dump. For some strange reason prices fall like an aeroplane nosediving. It’s actually the pump dumpers deciding this is where they are taking all the profits. They got all the low end prices for bitcoin through early pumping (elevators to heaven - the bases of elevator are pumpers taking low prices and then is continued by the victims buying in at med/high prices through fake news, and fake chart analysis, hype building. Let’s be real it was never going to the moon but the Huge climbing inclines created through Pump/dump scams definitely make it appear to be so.