Beware of youtube pump and dump scams

in cryptocurrency •  8 years ago 

Youtube pump and dump scams are getting common, Usually involve low market cap cryto coins with low daily volume. They (these scams are run by a number of people) will buy the coin low causing a spike, a video will be released on how amazing this coin is and they will give a really good sales pitch on why you should buy. Positive comments will be made by “them” on the video creating a positive vibe, meanwhile the are selling whilst you are buying. Rinse and repeat new victims

If you suspect this, write a negative comment if it is deleted or filtered then high probability its a scam

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