RE: Beware Pump Groups on low volume exchanges.

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Beware Pump Groups on low volume exchanges.

in cryptocurrency •  7 years ago 

@jhixx very informative thank you. I'm surprised the regulators didn't see this coming. reminds me of when everyone thought buying penny stocks was the new get rich quick scheme. funny how these sites claim to be fair and ethical when all they are doing is manipulating market prices.

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Thank you, some of the sites are suspected of taking part or failing to protect customers against this. However like you stated, an illiquid market like penny stocks are very susceptible to manipulation that even the brokers cannot rectify due to the fact that the market is young and small. Research Research Research Beware !