Simeon Tunde https://cryptohead.io 2m 508 #pumpdump
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Kim K Sued Over Pump And Dump – Expert Insight On What It Means And How To Avoid It
Following the news that Kim Kardashian, Floyd Mayweather Jr, and Paul Pierce are being sued by investors in the EthereumMax crypto-currency after an alleged Pump and Dump scheme, the experts at Crypto Head have weighed in on how to spot a scam as well as shed light on what the scheme is.
Be aware of platforms offering huge returns, if it sounds too good to be true it most likely is!
Don’t take financial advice from celebrities such as Kim Kardashian or Floyd Mayweather. Both figures did not come into the public eye due to their expertise in finance or investing. Scammers are so successful because they use recognisable and trusted names to gain people’s trust into believing it is a good investment when in many cases these names have no association with the coin at all.
Make sure you are using an exchange platform that you trust and that doesn’t have high fees. Never send your money or cryptocurrency to a platform you don’t trust. Carry out some research to look into how reputable the platform is.
Store your cryptocurrencies in an offline wallet such as a hardware wallet to prevent yourself from being scammed. You should always think of it as “Not your keys, not your crypto”. If you don’t have custody of your cryptocurrency in your own wallet you are at risk.
Never buy or invest in anything that you aren’t 100% sure about.