Cryptocurrency Q&A
Is bitcoin pump and dump Telegram a scam?
Is bitcoin pump and dump Telegram a scam?
Alessandra
Sat Jul 13 2024
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7 answers
1070
Hello, I'm curious to know more about the so-called "Bitcoin Pump and Dump Telegram groups." Have these groups been identified as scams? Are there any warning signs or patterns of behavior that suggest these groups are engaging in illegal or unethical practices? As a professional in the field of cryptocurrency and finance, what advice would you give to investors looking to avoid potential scams in these Telegram groups? Are there any reliable resources or communities that can help investors stay informed and make safer investments? Thank you for your time and insight.
7 answers
KpopMelody
Mon Jul 15 2024
Safetrading maintains a list comprising approximately 20 Telegram channels that broadcast Bitcoin pump and dump signals.
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CryptoAlly
Mon Jul 15 2024
Notably, none of these channels are endorsed or approved by Safetrading.
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ShadowFox
Mon Jul 15 2024
The stark reality is that almost all (99.9%) of these crypto pump and dump Telegram channels operate as a specific type of fraud.
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ethan_lewis_journalist
Mon Jul 15 2024
These channels often promise quick gains through manipulation of cryptocurrency prices.
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ZenBalance
Sun Jul 14 2024
However, they are typically orchestrated by individuals with ulterior motives who seek to profit from unsuspecting investors.
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