Pump and Dump Schemes Explained in One Minute

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Since I've covered penny stocks (which are frequently pumped and dumped) previously, it makes sense to cover pump and dump schemes in general today.

Nowadays, a lot of assets (bitcoin alternatives aka altcoins, for example) are pumped and dumped rather than just penny stocks. To be a good investor, you need to develop the habit of spotting pump and dump schemes and fortunately, this isn't very hard.

Let's put the pump and dump approach under the microscope today, shall we?

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OneMinuteEconomics

Kind of like Tesla. Although they have the products, but it's super hyped up by the media and the CEO.

bombaman

i was about to say.. sounds like crypto currency. and then i was correct seeing the ending lol

icalculi

If you liked this video, I think you'll love The Age of Anomaly, my Wall Street Journal and USA Today best-selling book about preparing for financial calamities (whatever they may involve). You can buy it over at:

OneMinuteEconomics

I'm amazed when I see new traders who don't know this is illegal, or think it's a good idea lol

Gunbudder

"Pump and dump", sounds like a movie you would see at an AMC theater....with your kitty🧐🐾🤔

WAT-RecordsProducing-zzwx

Missed one part: Peter manipulated price by trading left hand to right hand. In crypto, this is called "market cap management".

xiangyu

Too cute video to explain a very nasty situation... but I love it!

matemaico

But if the "invention" is largely advertised by the owner of the shares looking to pump the stock, couldn't the actual company potentially issue a statement that the reports are false? In this case, how would the owner(s) of the other 60% of the company benefit from this to the extent that they would remain silent?

evannicholson

Here we are in 2021 and reddit is booming with pump and dump subreddits (i don't mean wallstreetbets even tho the subreddit is big, there was probably at some point a scheme there too). Dogecoin is pure pump and dump scheme.

ristekostadinov

thanks for explaining capitalism in one minute

m.o.n.d.e.g.r.e.e.n

As a investor, this is very fast way to make money. Buy quickly on low and sell fast before share price drops.

Tommizki

Why do they buy from peter? Why don't they buy shares from the same place peter bought his? I don't get that point sorry

Emilioh

As long as you dont have to go to prison, they do this very likely. Because creating something real is hard work. Selling ideas is free money for nothing.

SanktGallus