Hello! 👋🏻 In this post, we will tell you about exchange rate manipulation and protection methods.
Manipulation has been an integral part of financial markets ever since they first appeared. Someone always knows more; that’s why it is easier for them to manipulate certain assets. Someone is engaged in advanced technical analysis and can manipulate thanks to the received data.
📈 The most common manipulation tactic is “pump-and-dump.” Its purpose is as follows: a certain group of people is trying to boost the asset’s price through fake news or false recommendations. Once buyers get hooked (pump), perpetrators sell their assets, causing the price to go down sharply (dump).
📖 This strategy is popular not only in the stock and options market but also in cryptocurrencies. Everyone who follows the market has often seen how unknown coins jumped in price by incredible hundreds of percent and then collapsed in price. This is a typical example of “pump-and-dump.”
❓ How to protect yourself from price manipulation?
📊 Before buying any asset, carefully analyze its chart and read the latest news about it. If you don’t see any suspicious activity, then you should think about buying. In addition, manipulations usually occur with young and underdeveloped coins.
A distinctive feature of BAEX is that it interacts with Yahoo Finance. All transaction rates are stored on the blockchain and can be verified at any time, which also helps to protect against fraud.
🏆 By buying a BAEX token, you can be sure that this is a reliable investment since our token is algorithmically protected from falling prices and is backed by Ethereum, which increases its investment attractiveness.
📢 Learn more about the BAEX project on our website: https://baex.com/
