Psychology behind cryptocurrency pump and landfills: understanding investors’ opinion

The cryptocurrency has been a hot topic in recent years and its value has quickly rose to unprecedented levels. However, according to these exciting markets, there is a worse reality – psychology behind the pump and landfills that investors manipulate for their hard money.

What are pumps and landfills?

The pump and landfills are a kind of securities fraud that includes increasing the craft of security by distributing false or misleading information. Cryptocurrency, pump and landfills are usually made on the online market, social media platform and other digital forums.

Psychology is behind the pump and landfills

Individuals often use pump and landfill money, fraud for investors and manipulate the prices, hoping to win quickly. But what encourages these people to participate in such behavior? To understand this, we need to consider psychology behind the pump and landfills.

The Psychology of Angelity

In short, it is due to the greed behind the pump and the landfills. People are naturally prone to finding wealth and material property. When investing in safety or cryptocurrency, you can feel excitement and any revenue prediction. However, if the price rises rapidly, some can be too sure of their investments and begin to distribute false information to persuade others to buy at increased prices.

Fomo’s psychology (fear of deficiency)

Another factor that drives the pump and landfill is the fear of Fomo with the shortage. People who see others can buy a particular cryptocurrency or safety, put pressure on the potential to lose their potential benefits. This can cause them to distribute false information, false opinions or other misleading information to persuade others to invest.

Social evidence of psychology

Social evidence is another key factor in the pump and landfills. When individuals see others buy a certain cryptocurrency or safety, they may feel pressure to join a socially responsible or avoid “departure”. As a result, they can spread false information or false opinions to persuade others to invest.

Emotional manipulation psychology

The pump and landfills often contain emotional manipulation. Cheaters can use tactics such as urgency, use high -pressure sockets, or play emotions such as tension, fear or greed. They can also create bad persons or profiles to obtain the trust of potential investors.

Examples of pump and landfills in cryptocurrencies

Over the years, cryptocurrencies have had many examples of pump and landfills. A noteworthy example is Bitcoin Futures Scam, where a group of people created bad futures contracts for Bitcoin and sold them for expanded prices to unsuspecting investors. Another example is Mt. Gox Hack, where hackers stole millions of dollars in encryption currency from the Japanese stock exchange.

Protect yourself from pump and landfills

It is essential:

1
Do your research : Before investing in security or cryptocurrency, make sure you have done thorough research on the company, its technology and market.

• Take care of unwanted advice : If you offer you unwanted advice for a certain investment, be careful – try to manipulate you to buy your own pump and landfill.

3.