The Pump and Dump Trick
Gina got a text one day, when she opened the message she read about an offer to join a group of investors that want to buy a large amount of a small Alt-Coin for a low price. The message explained that through the power of a large investors group she can join there massive purchase and when that coin rise in value they will buy the coin from her at its highest rate. Gina as most people, heard about Crypto-currency and Bitcoin in particular, she thought to herself it’s a great opportunity to start with Crypto-currency. She thought she is doing the smart thing and ‘bought’ a large number of coins, little did she know she have been contacted by a quick scam company that ‘Pump and dump’ clients, lowering them in with what sounds like a great offer to profit from a quick investment. They disappeared with her 10,000 Pounds before she know not leaving a trail or a hint where to find them again
The Crypto-currency industry is fast growing and everyday there is a new coin or token issued, never buy a coin without knowing exactly what it is, the rates and company reviews, every coin is issued by someone, a company or a group of individuals, when in doubt- do your homework and double check with trusted sites and exchanges. In addition; no self-respecting exchange will work with an unknown coin and of course no respectable investment house will spam message ‘fishing’ for clients to join.