Pump & Dump

• Engels
• MBO
• Studiejaar 2

PUMP&DUMP

PUMP&DUMP

Last week you started on a short essay            ( =story + opinion) about cryptocurrency.

 You  will discuss the following points:

•  What you would do if you had 100 bitcoins.
• Three similarities between cryptocurrency and Ponzi schemes.
• What you think is the real danger of cryptocurrency.

WORD COUNT = 200 -250 words

Similarities = overeenkomsten

--> OPDRACHTEN

"Robbing Peter
 to pay Paul."

But before you finish
 your essay...

Have you heard about 'Pump & Dump'?

What did you notice
most about the video?

"I know exactly what you mean when you say 'Pump and Dump'."

010

What do you think 'Pump&Dump' means?

What if your teacher launched
their own cryptocurrency...

and a major influencer starting promoting it?

and a major influencer 

roft

oin

INTRODUCING:

THE CROFT COIN

"The best investment I have ever seen. Completely different from all the other scams. This coin is surely going to the moon! It also helps teachers.' 

and a major influencer 

OR WHAT ABOUT:

CRAZY TEACHER NFT??

"I truly love this project. The artworks are all unique and it's also a good way to support local teachers. I always show off my CRAZY TEACHTER NFT, which I bought for only a few thousand, before they got really popular." 

Would you buy into a coin or NFT if someone you knew recommended it? Why (not)?

All 'Pump&Dump' schemes start with a lot of buzz. They make it sound  like it's a limited offer, a one time opportunity...

People invest into the coin, stock or NFT and the price goes up. Just like it was promised! 

But then... 
 

THE RUG PULL

= The one who started the coin suddenly takes out all the money. 

They own a lot of coins and if they sell them, the value drops.

All the people who bought the coin (at a high price) are left empty-handed.

So.....

and let's finish that essay!

Finish your short essay   ( =story + opinion) about cryptocurrency.

 You  will discuss the following points:

•  What you would do if you had 100 bitcoins.
• Three similarities between cryptocurrency and Ponzi schemes.
• What you think is the real danger of cryptocurrency.

WORD COUNT = 200 -250 words

Similarities = overeenkomsten

--> OPDRACHTEN

"Robbing Peter
 to pay Paul."