Investing in crypto curves is like playing the ponies. Almost everyone takes a gamble to get rich fast here. Every other day a new row of alcoins is thrown into the market, hoping that naive investors will take bait.
It is not surprising that there are now more pump-and-dump crypto courses out there than we can count.
Two Pump-and-Dump Cryptocurrencies You Should Avoid in 2018
A wave of pump-and-dump cryptocoins—or “PnD coins,” as they are often referred to in the cryptoworld—have flooded the market.
The creators of these altcoins sell the idea that their cryptocurrencies, like Bitcoin, are also built upon some unique disruptive technology that will soon take the world by storm. Except, they are all duds. Yet gullible investors are doling out their savings on them.
As more and more investors fall for their deception, prices of these altcoins get pumped up. Soon afterward, the creators dump the coins, leaving behind poor bagholders.
With over 1,300 cryptocurrencies trading out there, not each one of them is a unique take on blockchain. Many are just cheap knock-offs of the truly valuable digital currencies. So, investors must be vigilant when investing in these cryptocoins.
BitConnect and BitConnectX are two top pump-and-dump cryptocurrencies investors must avoid in 2018.
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