Conspiracy Theories: Some Suspect the Largest Pump-and-Dump Scheme of All Time. Some in the Bitcoin community are suggesting that the Bitcoin Cash rollercoaster has all been part of a massive pump-and-dump scheme orchestrated by a few BCH ‘whales’, or people who hold large portions of the market. According to Con Synereo, CEO of Israeli.
This Chart Shows Bitcoin’s Meteoric Rise Over The Last 6 Years Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving. Since it was first launched back in. Michael Jordan fans can’t seem to get enough of The Last Dance docuseries! Ever since it premiered on ESPN last month, The financial world is bemused: what is it to make of
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mitchr4 goes on to explain how the pump and dump scheme works in bitcoin.
. In reality the volume is a small group buying and selling to themselves through a bot. They do raise the price quickly, but the frenzy of their volume causes everyday joes to buy, and gives them an escape to dump their coins at double the price.