Topic: An insider scoop on why "PUMP" groups are a SCAM (Read 229 times)

All pump and dump groups are scams and it pity how newbies get trap in theses quick money schemes. Instead take time analyse the market on the coins one wish to trade and make his own decision. It is better to rely on these scammers.

Nope. Dont fall for it.

On such groups, either the creators themselves or a small part of the participants earn either, since immediately after a large number of purchases, someone sharply begins to sell and picks up almost all the profits.

It was already the idea of pump groups that gives a signal of a particular altcoin or bitcoin leveraging then all lf a certain price they go exit. Those who has been always played are the traders or investors that has a lack of technical knowledge on thia modules. There has been always attempts of this and maybe 3 out of 10 only who follows were learning and realizing that is was a total scam trying to get their interest to purchase a coin and they will dump.

Thanks for the pics, and yes, everyone knows that pump&dump groups are scams for the majority of people. I mean, for them to profit they have to dump the coins, and for that to happen someone needs to lose money. The problem is that there is a miss belief that it works for a small restricted group, and a lot of users believe that they are in that small group.

The problem, is that small group is most of the times composed by the admins and no one else. They announce the pump, people start buying, and they already start offloading their coins for profit without telling anyone. When the dump starts, they are out already, and most of the people in the group will be left with a loss.

These pics actually show how strict that group is, if it ever exists at all.

To be honest I don't really feel sorry for those that lose money on pump&dump groups. What they are trying to do is illegal and they know it. They also know that for them to have profit, someone else will be left with a loss, and they try it anyway. It's just bad, and they deserve what they get.

I think that there are a lot of this group still out there because there's a lot of gullible people (newbies) willing to believed that they can make a lot of money by paying this kind of groups to offer them inside information.

But good post, we need to spread this out specially newbies who can fall for this trap. There's no such thing as easy way to get rich in crypto, everyone needs to work and analyze the market.

I've seen a lot of this schemes last year and I think they are now decreasing in number. Pump groups are much powerful back in the day. They are definitely scam and trap for people who want an easy way to get rich.

Probably not necessary, but there are probably some credulous newbies here who think pump groups are a legit way of making money/gambling, and it's good to provide evidence that they're not.

The US made stock pump groups illegal a long time ago, if I'm not mistaken, because many years ago people actually tried to do what's being done here, with stocks.  I remember reading about the crash of 1929 and there would be huge pools of money for the pump, an advertising campaign, and pretty much everything else you see in crypto these days.  It wouldn't surprise me if this gets cracked down on eventually.

Good post, OP.

I was inside of few pump grups. It all depends on number of users. That creates volume. Cryptopia pumps with around 1-10k users are alwais fails. People only eats sellbook. Those who buy first mayby will have oportunity to sell to the last. Thats all. 1 min after pump there is huge spread (still no volume from outsiders) and then pump mebers are braking puting sell orders lower and lower to save part of investment. (just like You described it)

Big pump group (~ 100k users). I was inside one of them. They pump on binance coins with 500+ btc volume.

Pump looks diferent. Most often its just 5 min from 0 to 100%+ and back to 0. Sometimes when bull market is on they realy change how market looks like after it.

https://www.youtube.com/watch?v=qAZSFLpgY_Y - one of their pomp. Its not fake. I was waching it live. It was growing like that with few dumps next DAY too. This pomp caused volumen increase from 50 btc to 800btc in 30 min.

Pump and dumps groups are made to dump coins on users (just like you said) but not all of them looks like you show it.


To all who misunderstood. Pump and dump groups are not signal groups... they dont need vip or premium.

Pump and dump groups earn on dumping coins on users. Their member know that they need to be first or they will lost at least half of capital invested. Many of them are using it as gamble. Be first and earn 50% or be last and loose 50%. Some of them are there to know which coin will be pumped to trade on big variability after pomp. People have lots of strategy how to use this signal to earn (some of them earns sometimes. Some of them hardly ever). But leaders earn alwais.  If someone dont know it. He will learn after first pump.

Signal groups earn on vips. They just post technical analysys post for money from vip. There are many signal groups that convert to pump and dump group when it had enough of members.

They are not the same.

Newbies should not rely on this kind of scam group because its not good to do so and in the end you will just lost the money. What do you think they can get from you for being so generous, telling where to invest of course a huge money coming from their victims, be ware and stay away from this group of people.

Bump (not pump) because I think this educational piece should be pushed a little more. Many newbies seem to be falling for the

pump and dump scam 

General thing, the scammer would be always the owner of such group where pump and dump signals been given where most victims are those people who do believe on such signal and when it had been told to buy on that price then they do follow it but there are people who are wise which they can utilize the scam attempts thru dump into its group owner that's why some people do still join up to make money and go along to that opportunity.

Pump groups are not scam, they are already all scammers, they just try to scam each other because basic of pump group is not something reasonable for making money. Let them play with each other.

Pump groups now are everywhere , you can see the chart of many scam coin big pump and after that a big dump the coin value rich 0 $ .

Pump and dump group is not a good group to make profit, I ever joined once and observe what they're doing and turn out they asked more people to invest in one coin and in second count they already withdraw, so pump and dump only going to make the admin rich, they already know which coin to pump and already bought a alot before pump, don't join pump and dump group it's going to make you lost money

I think that any intelligent person will never listen to advice in such groups. Free cheese only in a mousetrap. Many people do not want to learn to understand the trade in crypto currencies (and this is a necessary condition for a successful trader). Since they are such lazy people, this deception will be a good lesson for them!

Pump and dump groups are just using people to get some profit,
You could look at it as a pyramid scheme the last one to invest or get out is the loser.
Of course the one who is telling the group to buy it is the winner when the group actually believes it.

Thank you for detailed information , I'm replying this to bring that upper in replying orders so that more people see it and find out VIP signal groups or any thing like that is just a new way of defrauding , If they were good enough they never needed to make a VIP channel and get money , they made it by themselves!

Thanks for the merit!
I made this post because because many new users to crypto are falling for the trap of such groups. I'm thankful for the appreciation.

Yeah, they all pull the same tricks, even when there is volume involved. That's why they generally stick to low marketcap coins. I got lucky once and happened to hold a coin that was pumped, had a sell order on it for weeks and it just sold when it pumped. Nice surprise, but wouldn't touch any of the pump and dump groups with a ten foot barge pole.