{"id":142982,"date":"2025-01-25T15:26:24","date_gmt":"2025-01-25T14:26:24","guid":{"rendered":"https:\/\/www.pauljorion.com\/blog\/?p=142982"},"modified":"2025-01-25T15:26:24","modified_gmt":"2025-01-25T14:26:24","slug":"a-paul-jorion-les-cryptomonnaies-ont-elles-pour-seul-usage-de-contourner-la-loi","status":"publish","type":"post","link":"https:\/\/www.pauljorion.com\/blog\/2025\/01\/25\/a-paul-jorion-les-cryptomonnaies-ont-elles-pour-seul-usage-de-contourner-la-loi\/","title":{"rendered":"<b>\u00c0 Paul Jorion : \u00ab\u00a0Les cryptomonnaies ont-elles pour seul usage de contourner la loi&nbsp;?\u00a0\u00bb<\/b>"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-142983\" src=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r.webp\" alt=\"\" width=\"1024\" height=\"1024\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r.webp 1024w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r-300x300.webp 300w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r-150x150.webp 150w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r-768x768.webp 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;\"><em>Illustration par DALL\u00b7E<\/em><\/p>\n<div class=\"gmail_attr\" dir=\"ltr\">De\u00a0:\u00a0<strong class=\"gmail_sendername\" dir=\"auto\">L** V**<\/strong><br \/>\nDate: sam. 25 janv. 2025 \u00e0\u00a001:06<br \/>\nSubject: Les cryptomonnaies<br \/>\nTo: Paul Jorion<\/div>\n<p>Bonsoir,<\/p>\n<div>\n<p>Les cryptomonnaies servent-elle juste \u00e0 acheter des objets ou images hors-la-loi ?<\/p>\n<p>En esp\u00e9rant un bref \u00e9clairage<\/p>\n<p>Bien cordialement.<\/p>\n<div class=\"gmail_attr\" dir=\"ltr\">De\u00a0:\u00a0<strong class=\"gmail_sendername\" dir=\"auto\">Paul Jorion<\/strong><br \/>\nDate: sam. 25 janv. 2025 \u00e0\u00a015:07<br \/>\nSubject: Re: Les cryptomonnaies<br \/>\nTo: L** V**<\/div>\n<div dir=\"ltr\">\n<p>Non c&rsquo;est un aussi un outil sp\u00e9culatif universel, permettant plus particuli\u00e8rement aux professionnels de rincer par des ententes les amateurs, les \u00ab\u00a0petits porteurs\u00a0\u00bb, par la strat\u00e9gie \u00e9prouv\u00e9e du \u00ab\u00a0pump &amp; dump\u00a0\u00bb :<\/p>\n<div><\/div>\n<\/div>\n<div>\n<article class=\"w-full scroll-mb-[var(--thread-trailing-height,150px)] text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-3\" data-scroll-anchor=\"true\">\n<div class=\"m-auto text-base py-[18px] px-3 md:px-4 w-full md:px-5 lg:px-4 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-4 text-base md:gap-5 lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"flex-shrink-0 flex flex-col relative items-end\">\n<div>\n<div class=\"pt-0\">\n<div class=\"gizmo-bot-avatar flex h-8 w-8 items-center justify-center overflow-hidden rounded-full\">\n<div class=\"relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8\"><strong>ChatGPT 4o<\/strong> :<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"86d4cb48-fc7a-44a9-94d3-a1375f1807b2\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>La strat\u00e9gie \u00ab\u00a0pump &amp; dump\u00a0\u00bb (ou \u00ab\u00a0gonfler et larguer\u00a0\u00bb) est une m\u00e9thode frauduleuse de manipulation des march\u00e9s financiers, souvent observ\u00e9e sur les march\u00e9s des cryptomonnaies. Elle consiste \u00e0 artificiellement augmenter le prix d&rsquo;un actif (le \u00ab\u00a0pump\u00a0\u00bb) pour attirer d&rsquo;autres investisseurs, puis \u00e0 vendre rapidement cet actif \u00e0 un prix \u00e9lev\u00e9 avant que sa valeur ne chute (le \u00ab\u00a0dump\u00a0\u00bb). Voici les \u00e9tapes typiques de cette strat\u00e9gie :<\/p>\n<h3>1. <strong>Cr\u00e9ation de la phase de \u00ab\u00a0pump\u00a0\u00bb<\/strong><\/h3>\n<ul>\n<li><strong>Organisation en groupes<\/strong> : Les initiateurs, souvent regroup\u00e9s en communaut\u00e9s (par exemple, sur des plateformes comme Telegram ou Discord), choisissent une cryptomonnaie, g\u00e9n\u00e9ralement avec une faible capitalisation boursi\u00e8re pour faciliter la manipulation.<\/li>\n<li><strong>Achat massif<\/strong> : Ces initiateurs ach\u00e8tent une quantit\u00e9 importante de la cryptomonnaie cibl\u00e9e, provoquant une hausse rapide de son prix.<\/li>\n<li><strong>Promotion<\/strong> : Ils utilisent des moyens de communication (r\u00e9seaux sociaux, forums, influenceurs) pour diffuser des messages trompeurs ou exag\u00e9r\u00e9s sur le potentiel de cette cryptomonnaie, incitant d&rsquo;autres investisseurs \u00e0 acheter.<\/li>\n<\/ul>\n<h3>2. <strong>Attirer les investisseurs<\/strong><\/h3>\n<ul>\n<li>Les investisseurs attir\u00e9s par la mont\u00e9e des prix (souvent par peur de manquer une opportunit\u00e9, ou <strong>FOMO<\/strong> &#8211; <em>Fear of Missing Out <\/em>[P.J. : = trouille de rater une bonne occaze]) ach\u00e8tent \u00e9galement la cryptomonnaie, ce qui renforce encore la hausse des prix.<\/li>\n<\/ul>\n<h3>3. <strong>Phase de \u00ab\u00a0dump\u00a0\u00bb<\/strong><\/h3>\n<ul>\n<li>Une fois que le prix a suffisamment augment\u00e9, les initiateurs vendent leurs positions massives, r\u00e9alisant des b\u00e9n\u00e9fices importants.<\/li>\n<li>Cette vente massive fait chuter brutalement le prix de la cryptomonnaie, laissant les investisseurs non initi\u00e9s avec des pertes importantes.<\/li>\n<\/ul>\n<h3>Cons\u00e9quences :<\/h3>\n<ul>\n<li><strong>Pour les initiateurs<\/strong> : Ils r\u00e9alisent des b\u00e9n\u00e9fices parfois consid\u00e9rables.<\/li>\n<li><strong>Pour les investisseurs non inform\u00e9s<\/strong> : Ils subissent des pertes importantes lorsque le prix s&rsquo;effondre.<\/li>\n<li><strong>Pour le march\u00e9<\/strong> : Cela peut nuire \u00e0 la cr\u00e9dibilit\u00e9 et \u00e0 la confiance dans les cryptomonnaies.<\/li>\n<\/ul>\n<h3>Pourquoi cela fonctionne-t-il sur les cryptomonnaies ?<\/h3>\n<ul>\n<li><strong>Faible r\u00e8glementation<\/strong> : Les march\u00e9s des cryptomonnaies sont souvent moins r\u00e8glement\u00e9s que les march\u00e9s traditionnels, ce qui facilite ce type de manipulation.<\/li>\n<li><strong>Volatilit\u00e9 naturelle<\/strong> : Les cryptomonnaies ont des fluctuations de prix importantes, rendant ces mouvements moins suspects \u00e0 premi\u00e8re vue.<\/li>\n<li><strong>Accessibilit\u00e9<\/strong> : Tout le monde peut acheter et vendre des cryptomonnaies, attirant des investisseurs novices susceptibles de se laisser influencer.<\/li>\n<\/ul>\n<h3>Comment se prot\u00e9ger ?<\/h3>\n<ul>\n<li><strong>Se m\u00e9fier des hausses soudaines et injustifi\u00e9es<\/strong> : Si une cryptomonnaie peu connue voit son prix exploser sans raison fondamentale, cela peut \u00eatre un signe de manipulation.<\/li>\n<li><strong>Ne pas c\u00e9der au FOMO<\/strong> : Investir sans faire de recherches approfondies expose \u00e0 des risques importants.<\/li>\n<li><strong>S&rsquo;informer sur les projets<\/strong> : V\u00e9rifiez la l\u00e9gitimit\u00e9 et les objectifs des projets avant d&rsquo;investir.<\/li>\n<li><strong>Pr\u00e9f\u00e9rer les plateformes et les cryptomonnaies reconnues<\/strong> : Elles sont moins susceptibles d&rsquo;\u00eatre la cible de manipulations.<\/li>\n<\/ul>\n<p>Le \u00ab\u00a0pump &amp; dump\u00a0\u00bb est ill\u00e9gal sur les march\u00e9s financiers traditionnels, mais dans le secteur des cryptomonnaies, l&rsquo;application des lois reste parfois floue ou limit\u00e9e, ce qui permet \u00e0 ces pratiques de persister.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-142984\" src=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.23.58-A-detailed-conceptual-illustration-of-the-pump-and-dump-cryptocurrency-scheme.-The-scene-shows-a-giant-rollercoaster-shaped-price-chart-in-the-backg.webp\" alt=\"\" width=\"1024\" height=\"1024\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.23.58-A-detailed-conceptual-illustration-of-the-pump-and-dump-cryptocurrency-scheme.-The-scene-shows-a-giant-rollercoaster-shaped-price-chart-in-the-backg.webp 1024w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.23.58-A-detailed-conceptual-illustration-of-the-pump-and-dump-cryptocurrency-scheme.-The-scene-shows-a-giant-rollercoaster-shaped-price-chart-in-the-backg-300x300.webp 300w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.23.58-A-detailed-conceptual-illustration-of-the-pump-and-dump-cryptocurrency-scheme.-The-scene-shows-a-giant-rollercoaster-shaped-price-chart-in-the-backg-150x150.webp 150w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.23.58-A-detailed-conceptual-illustration-of-the-pump-and-dump-cryptocurrency-scheme.-The-scene-shows-a-giant-rollercoaster-shaped-price-chart-in-the-backg-768x768.webp 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<p style=\"text-align: center;\"><em>Illustration par DALL\u00b7E<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-142983\" src=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r.webp\" alt=\"\" width=\"1024\" height=\"1024\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r.webp 1024w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r-300x300.webp 300w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r-150x150.webp 150w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/DALL\u00b7E-2025-01-25-15.20.53-A-conceptual-illustration-of-the-pump-and-dump-scheme-in-the-cryptocurrency-market.-The-image-shows-a-graph-with-a-dramatic-spike-and-sudden-drop-r-768x768.webp 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;\"><em>Illustration par DALL\u00b7E<\/em><\/p>\n<div class=\"gmail_attr\" dir=\"ltr\">De\u00a0:\u00a0<strong class=\"gmail_sendername\" dir=\"auto\">L** V**<\/strong><br \/> Date: sam. 25 janv. 2025 \u00e0\u00a001:06<br \/> Subject: Les cryptomonnaies<br \/> To: Paul Jorion<\/div>\n<p>Bonsoir,<\/p>\n<div>\n<p>Les cryptomonnaies servent-elle juste \u00e0 acheter des objets ou images hors-la-loi ?<\/p>\n<p>En esp\u00e9rant un bref \u00e9clairage<\/p>\n<p>Bien [&hellip;]<\/p>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[6617,5780],"tags":[8102,8768,6280,8977],"class_list":["post-142982","post","type-post","status-publish","format-standard","hentry","category-arnaque","category-jetons","tag-arnaques","tag-cryptomonnaies","tag-jetons-commercialisables","tag-pump-dump"],"_links":{"self":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/142982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/comments?post=142982"}],"version-history":[{"count":1,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/142982\/revisions"}],"predecessor-version":[{"id":142985,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/142982\/revisions\/142985"}],"wp:attachment":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/media?parent=142982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/categories?post=142982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/tags?post=142982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}