This is how I learned not to fall for 'pump and dump' (from personal experience)
Hello, Binance community! 🚨
Once, I joined a group where they announced a 'great opportunity'. They said that a certain coin 'was going to explode in minutes' and that if you bought quickly, you could double your money.
I, excited, bought right away... and yes, it went up for a few seconds. But then it crashed, and my investment was in the red forever.
👉 That's when I understood what a 'pump and dump' is:
✅ They artificially inflate the price
✅ Many buy out of FOMO
✅ Those who organize it sell at the top and the rest lose
Since then, I learned to distrust 'secret groups' and magical promises.
Has something like this ever happened to you? How did you react? Tell me below! 💬👇