What does coin circle pull plate mean?

Pulling in the currency circle refers to the behavior of artificially increasing the price of cryptocurrency, including: selecting a target currency, building a community, setting a target price, buying in large quantities, creating hype, and finally selling to make a profit. While it may be profitable in the short term, it is subject to price fluctuations, scams, regulatory risks and legality issues.

Coin market pull

Definition:

Coin market pull refers to the process of quickly increasing the price of a cryptocurrency through artificial means.

Process:

There are many specific implementation methods of pulling the market, but generally follow the following steps:

• Select the target currency: Select the currency expected to have the potential to increase, usually with a smaller market value, Illiquid currencies.
• Build a community: Build a supportive community on social media and online forums to attract potential investors.
• Set target price: Set a target price as the target of the pull action.
• Buy in large quantities: Pulling team members buy a large amount of the target currency at the specified time to push up the price.
• Create hype: Use social media and news to hype the currency and attract more investors to pay attention and buy.
• Selling and selling: When the price reaches the target level, the trading team begins to sell part or all of the currency held to obtain profits.

Purpose:

The main purpose of cryptocurrency trading is to make profits by pushing up cryptocurrency prices in the short term. However, it may also serve other purposes, such as:

• Gaining media and public attention
• Promoting a new currency
• Manipulating the market and controlling prices

Risks:

Coin market pull is a High-risk activities that may result in serious financial losses.

• Price Fluctuation: Cryptocurrency prices fluctuate violently, and prices may plummet after the market pulls.
• Scam: Some pump-and-dump operations may be elaborate scams designed to attract investor funds.
• Regulatory Risk: Regulators may take action to combat market manipulation.

Legality:

The legality of coin hoops varies by country/region. In some jurisdictions this may be considered market manipulation and subject to legal sanctions.

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