Well like stated it's illegal. But knowing how a pump and dump works is good, so the next time you see the patterns you know that you should avoid this coin because a pump and dump is in progress ;)
RE: How Bitcoin Pumps and Dumps Work
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How Bitcoin Pumps and Dumps Work
Hate to point this out 2 u ; but, ain't nothing illegal on the internet except kiddipawn...
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In a way you are right, those guys alway sseem to get away with it.
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There are over 300 nations on planet Earth, then the largest "nation State" is cyberspace. There are more residents in cyberspace per daily hour than in even the largest physical country (China). However CyberSpace has no Army, no police force, no court system nor any jails.
Thus it is literally the Wild West of almost anything goes . . .
So many industries rely upon the internet today it is "impossible" 2 'turn off' and one day (eventually a massive CME (Sun) Coronal Mass Ejection or EMP will turn it all off for months or years...
As we rely more on technology this is gonna really mess up a lot of people :)
In the mean time there are only three types of people. . .
and
For example I NEVER EVER engage with sales people; they are in "sales" because they know how to 'sell', I refuse 2 engage them since I am smart enough to know I am out classed...
Thus I keep my gold and move away, it makes no sense to fight battles that you will probably lose especially if it is a pointless fight in the first place...
However there are plenty of sheep out there and I have become a "wolf " :)
hugz / ;)
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