What is Shilling/Pumping?

A person engaged in covert advertising for a cryptocurrency. The shill attempts to spread buzz by personally endorsing the product in public forums with the pretence of sincerity, when in fact he is being paid for his services.

When a coin is promising to solve world hunger, it’s being shilled. In other financial markets shilling is illegal due to the possibility of fraud, however it is a grey area as the shill’s activities must be proven to have placed uninformed parties at the risk of loss.

If the shill’s activities only serve to generate buzz they may be considered legal. In the world of cryptocurrencies however, there are no such laws currently.

 

When you have little to no experience in trading assets on the market, delving into cryptocurrency trading can be nothing short of a challenge. With plenty of new terms to learn and seemingly little time to do so, it’s natural to feel the urgency to learn about crucial trading jargon.

Learning about what does shilling/pumping mean is one such requirement. Since the term refers to one of the most egregious practices in asset trading, it is critical that you learn more about it and the practices that it entails.

Source: https://unblock.net/glossary/shilling-pumping/

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