02-01-2021, 02:18 PM
Lots of pump and dump scams being promoted and disguised as "wall Street bets" types
<!-- SC_OFF --><div class="md"><p>I'm seeing a bunch of posts recently trying to capitalize on the success of gamestop stock and attempting to convince people to "pump" certain coins. Just so we are all aware, gamestop price is pumping because of billions of dollars worth of shorts that exceeded the entire amount of shares available. Hedge funds got greedy and made a mistake so large that several may go out of business because if it. This has absolutely nothing to do with ANY crypto, Or even any other stock for that matter. It was a perfect storm of events and we may never see the likes of it again in our lifetime. Do not be tricked into believing that groups of people can just start buying something and the price will go up and you will all get rich. The price will go up and the bad actors sitting with huge bags will dump on your sorry asses crashing the price lower than what you bought it for. There is no other gamestop.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/kaosskris"> /u/kaosskris </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/l9mgzl/lots_of_pump_and_dump_scams_being_promoted_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/l9mgzl/lots_of_pump_and_dump_scams_being_promoted_and/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm seeing a bunch of posts recently trying to capitalize on the success of gamestop stock and attempting to convince people to "pump" certain coins. Just so we are all aware, gamestop price is pumping because of billions of dollars worth of shorts that exceeded the entire amount of shares available. Hedge funds got greedy and made a mistake so large that several may go out of business because if it. This has absolutely nothing to do with ANY crypto, Or even any other stock for that matter. It was a perfect storm of events and we may never see the likes of it again in our lifetime. Do not be tricked into believing that groups of people can just start buying something and the price will go up and you will all get rich. The price will go up and the bad actors sitting with huge bags will dump on your sorry asses crashing the price lower than what you bought it for. There is no other gamestop.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/kaosskris"> /u/kaosskris </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/l9mgzl/lots_of_pump_and_dump_scams_being_promoted_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/l9mgzl/lots_of_pump_and_dump_scams_being_promoted_and/">[comments]</a></span>Kind Regards R