I've noticed that more and more people are asking me how to protect themselves from scams in the crypto market. That's right, because dump and dump is really a serious problem here and it's not something to joke about.

For those who don't know, the mechanism is quite simple. A group of people buys a little-known cryptocurrency when the price is still low. Then they start spreading positive news about this coin, often completely invented. As normal investors become interested and start buying, the price rises. When it reaches the peak, these scammers sell everything at once. The price crashes and those who bought afterward are left empty-handed.

Why is the crypto market so vulnerable? Well, it's still the wild west. Anyone can launch a new cryptocurrency, there are many platforms, and there's no control like in traditional markets. This creates the perfect ground for scams. Usually, dump and dump starts like this: an organizer gathers a group of influencers in a private group, they coordinate purchases to prevent the price from rising too early, then these influencers start posting about the coin on their social profiles. When regular people come in and buy, boom, they sell everything and the price drops.

Now, how do you avoid falling for it? First, do serious research. If you see an unknown crypto promoted by Tizio and Caio online, don't rush to buy it. Read the whitepaper, see who's behind the project, verify the real goals. If a coin has been around for a while but there's no concrete development, it's a warning sign. Same goes if the project promises unrealistic things or is linked to people with a bad reputation.

Second, be careful with influencers on social media. If suddenly people who have nothing to do with cryptocurrencies start talking about a specific coin, ask yourself why. There’s probably something behind it. Third, verify the sources. When you discover a new currency, make sure there’s an official website and legitimate communication channels. It’s always better to check directly from the source rather than trust what some random guy online says.

Last tip: check which exchanges it’s traded on. If you find it on a reliable exchange, that’s already a better sign. If it’s only traded on unknown DeFi platforms, then you need to do even more research. In the crypto market, dump is always around the corner, so caution is never too much. Better to stick to well-known currencies and serious platforms, even if it’s not a total guarantee. But at least you significantly reduce the risks.