Beware of fake pumps in Crypto!

From Bitcoin to other coins in crypto, everyone expects the price to rise. Especially for those who trade in the spot, the price increase is very happy. But sometimes some price hikes are fake rather than genuine. Especially sometimes we see a coin in the market suddenly increase in price and after some time we see the price of that coin decrease by a lot. Which in the market we know as fake pump. In all these cases a trader must be aware because otherwise you may have to sit there for a long time when the price of a coin increases in such a wrong way and you invest in that coin. If the coins are of good quality but there are some coins in the market that once the price increases, the price drops by a few percent and never goes back to that price. So you must be aware of all these issues and know why this pump is real or fake.

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Especially for those who trade futures, many are used to trading futures with high leverage and appear to have some liquidity. Many times it can be seen that if the price of Bitcoin goes up a certain amount or goes down a certain amount, these futures trades can end their liquidity and reduce their money to zero. That's why Bitcoin fakes are often pumped. And through this many traders lose their money in the market. Basically, it can be seen that many times the price of Bitcoin suddenly increases by three to four thousand dollars or more and returns there in a short period of time. So in all these times as a trader you must be careful because when the price of bitcoin increases you must know about its candles or market or positive news. Otherwise you must be aware of this price rise and avoid trading as much as possible during that time.

Also another thing is that sometimes we see a coin's price suddenly increase by a lot. There are some mim coins in particular that suddenly go up in price so much then drop down so much that it's really surprising. Especially many times it is seen that many big whales engage in this kind of activity and they achieve their purpose by giving a fake pump to one of the coins. Also another thing is that you will often find that a coin enters the market and its price goes up a lot for a day or two but after that the price drops so much that a billionaire can get down to zero.

Another thing is that sometimes some coins come to the market that don't really have a white paper. Those who enter the market mainly expect to make a certain amount of profit and hope to cheat the customers. It is seen that they take their number in the market to such a level that they start selling their coins so that other customers suffer huge losses. Especially when it comes to some exchange sites where you will see lots of coins being added every now and then you can see fake pumps on them. Then you will see the price of these coins decreasing several times in a short period of time. So we must be careful from all these coins. Even if the price of any coin continues to rise, you should know the reasons behind it otherwise you may lose everything by getting greedy and investing in such coins.