#Bitlayer Ten Ways to Protect Your Digital Currencies
Do not join pump and dump groups:
Pump and dump is a tactic used by a group of people or influencers to generate hype to make many people buy cryptocurrencies at the same time. By doing so, the price of the targeted cryptocurrencies rises significantly, allowing the organizers of this tactic to sell and leave everyone else hanging at a higher price. This practice is illegal in both digital currency markets and traditional markets. Therefore, we advise staying away from it to keep your cryptocurrencies safe. Organizers may entice you to participate by promising large returns. But the truth is that only the organizers will benefit from it.