#AskLeo: Do you think Pump & Dump is done with LEO?

Deceive to Swindle are very common things in the modern economy since there are many people who seek at all costs to take advantage or a great personal benefit by hurting others. I have heard many times the different methods they use: pyramids, ponzi schemes, briefcase company and phantom phantoms, or whatever you want to call it every time there are new ways to cheat to make a profit.

If you browse the internet you will find a type of scam that is fashionable, it is promoted by people who promise to give you $100 without pouring $10 or people who promise to make you rich if you invest in what they invested, on YouTube, Instagram, Facebook and Twitter platforms make publications people who claim to be expert investors and give advice of economic success that sounds very dubious. This phenomenon is called pump and dump and the truth is gaining more and more ground among social networks. But what is pump and dump?

Pump-and-dump, basically it is a fraudulent strategy in which consists of buying shares of a company or cryptocurrencies of low value in the market and start spreading the word to make the price rise artificially and sell it when the price is high, making high profits. And as I mentioned it is a phenomenon that is very common to find in social networks and even in Leo finance. Because if you look at the LeoDex charts and the latest moves that have been made on the Leo finance exchange you can clearly notice the blatant pump and dump that is going on.

But, I know that many will come out saying that this does not happen here and that they are simply users who sell taking advantage of the high price. But the numbers do not lie or deceive, since yesterday the price of 1 LEO was around 0.71$ and at that point when the one or those who were promoting LEO like hot cakes knew that it had reached its historical maximum and already had good assured profits began to sell quickly. And if you don't believe me look at the numbers of transactions made on leodex.io, I could see them and I noticed that some sold up to 1000 LEO's and I don't think a common user has that much LEO.

So today's question is: Do you think leo finance does Pump & Dump?

From my side I can say yes, aui pump and dump is done frequently, but not only here also in Hive and steemit they do the same, and personally I think that as long as they keep doing this then LEO is not going to get to any moon since they are constantly stealing The fuel.

But I also have to see the other side of the coin and keep in mind that many people make LEO a business and pump and dump are business strategies that apply, so The idea is to be aware of the same way when the price goes up and at a high like yesterday's $0.71 start selling and buy again when the price is low like right now which is around $0.58.

But what do you think about this?

Posted Using LeoFinance ^Beta