Trump's Embrace of Bitcoin May Be the Biggest "Pump and Dump" in History
U.S. presidential candidate Trump plans to establish a federal Bitcoin reserve to repay U.S. national debt. If the federal government spends trillions of dollars buying Bitcoin, it will surely drive up the price of Bitcoin. In fact, the price of this cryptocurrency has already soared due to the anticipated purchases.
Perhaps Trump envisions a "pump and dump" scheme. In a "pump and dump" scam, a group of scammers spreads false rumors about an investment while trading at increasingly higher prices to attract gullible investors. Once the price is inflated, the conspirators sell their holdings to those victims. This is what's known as a 'dog trader pump'!
If you are currently losing money and don't know what to do, you can click to follow me, click my profile to find me anytime, and I share all contract and spot trading strategies. Just for gaining followers.
