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Topic: Are those crypto pump groups on cryptopia for real or Scam ? (Read 80 times)

copper member
Activity: 48
Merit: 0
How most of these groups work:

1 - Small group of whales find some low volume coins on the exchange.
2 - They make an announcement in the pump and dump groups without a coin name and get all the people hyped
3 - Before the announcement of the coin they go and buy a big stack of it (price already goes up after that)
4 - They announce the coin and tell people to hold to them for hours or days
5 - Coin gets pumped very fast, they sell their positions after minutes (sometimes 30 seconds or 1 minute after the big pump)
6 - Coin dumps
7 - You lose money
newbie
Activity: 14
Merit: 0
Are these pump groups a scam ?

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