Cryptofinance and Mechanisms of Exchange by Stéphane Goutte & Khaled Guesmi & Samir Saadi

Author:Stéphane Goutte & Khaled Guesmi & Samir Saadi
Language: eng
Format: epub
ISBN: 9783030307387
Publisher: Springer International Publishing

3.4.1 Consequences of Pumps and Dumps

Until regulators catch up to the crypto market in general, these activities will continue adding to the riskiness of an already risky crypto market. Most sadly, this behaviour negatively tint an otherwise promising industry.

As a member of the CFA Institute, an organization that aims to uphold the most ethical practices of investment management for the benefit of society, “Pumps and Dumps” in the crypto market make my stomach turn. Mostly because like in the stock market, they do not promote a healthy crypto economy, which ultimately prevents onlookers from entering the market to help the industry blossom.

These activities are somewhat despicable because they give a whole new meaning to the definition of organized crimes. Days are coming when the appropriate regulatory guidelines will be put in place to eliminate crypto market manipulation conducted via social media channels, which are currently carried out openly.

At this point, two points should hopefully be clear to the readers:How ICOs are launched

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.