Pump and dump
Topic
A pump-and-dump scheme is a form of securities fraud that involves artificially inflating the price of an owned asset through false, misleading, or exaggerated positive statements. Once the price rises significantly, the perpetrators sell their cheaply acquired shares at a high price, causing the price to collapse and leaving subsequent investors with substantial losses.
What experts have said about Pump and dump
2 statements · 2 negative
Pump-and-dump participants expect to profit before the collapse affects them.
“what every single person that gets in every pump and dump thinks they're gonna do is get the pump but not the dump.”
Open the episode · #2509 - Caleb HammerListen at 2:09:14
Pump-and-dump strategies do not work, unlike potentially useful Bitcoin or Ethereum.
“It doesn't work, but I think there's some good value in, like, ethereum or bitcoin.”
Open the episode · #2509 - Caleb HammerListen at 2:09:53
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.