Be Careful With Pumping Groups | Bitcointalksearch.org

RedX

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Quote from: Monnt on August 03, 2017, 06:54:50 AM

Quote from: arpon11 on August 03, 2017, 06:52:23 AM

I have decided to do something worthwide instead of following pumping group that reley on price manipulations to make money I rather depends on my skills in trading and do personal analysis for my trading decision.

Good decisions. Honestly bumping group people are doing against general morals. Manipulating market movements for their own benefits must be illegal as per many country's law. Even crypto currencies is a free market, we should not encourage this type of manipulations as it will cost many innocent investor's capital.

Regularly I do get offers from many bumping group to join with them, so far I have never responded to them as personally I am hating those people for their action of manipulating markets.

I always laugh when members form pump group brag about their profits. They are like worshipers of a cult who always praise their leades. They always say thankful for everything and etc.

I pity those gullible people who pays just to join a pump group. They always get attracted by their sites, achievements and with their best bait which is the timer.

hajimasan

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Quote from: iamTom123 on June 28, 2017, 09:13:30 PM

Lately, I have seen some promotions in Facebook on becoming a member of pumping groups for free. yes, it does not cost anything except registration and some push in the keyboard. Now, the question in my mind is if pumping groups can be effective in making me some money.

Searching on the same topic, I received some warnings that pumping groups are there to dry us of funds and that actually they don't care about us small players as we are actually the pawns they are looking for.

In other words, pumping groups can be a trap if you are not very careful. Why? Because those leading the pumping have already bought their coins ahead of the pumping announcement and when the coin has already risen they would immediately sell their holdings and if you are not watching you can have your bags empty.

I was just a newbie on this and I got victimized because just seconds after I bought my coins the value rose which led me to believe it could rose further but then the slide happened as fast as it rose.

Instead of becoming a part of pumping groups, I am now instead of a group which analyzed trends and give away possible coins to rise...and all for free.

Yeah , This is the big truth if the trading field now in these days , I found about 100s of the pumping group where they are making collaboration with each other and few of them reached to the membere of 10-20k persons . And the same thing happened thier , most of them ( admins) bought at low and then declare buy now this coin and then suddenly price get high but after that price not get high because admin's bought coins has been sold and now no one will buy after the pump , so here pumping is going on but here we should say the pump is fake because pumping means to pump the coin with the better discussion and by increasing demand by telling the importance about them.
But here dew people buy and few of them after buy that is only a way to lost your money .
Here i myself lost about 0.01btc but after this loss i made only eye attention that whether the price increases or not according to the sell and buy orders ( only but never enter in the pumping fake scam ) .

Monnt

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Quote from: arpon11 on August 03, 2017, 06:52:23 AM

I have decided to do something worthwide instead of following pumping group that reley on price manipulations to make money I rather depends on my skills in trading and do personal analysis for my trading decision.

Good decisions. Honestly bumping group people are doing against general morals. Manipulating market movements for their own benefits must be illegal as per many country's law. Even crypto currencies is a free market, we should not encourage this type of manipulations as it will cost many innocent investor's capital.

Regularly I do get offers from many bumping group to join with them, so far I have never responded to them as personally I am hating those people for their action of manipulating markets.

arpon11

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I have decided to do something worthwide instead of following pumping group that reley on price manipulations to make money I rather depends on my skills in trading and do personal analysis for my trading decision.

dunfida

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Quote from: karmamiu on August 03, 2017, 05:51:14 AM

This is no longer new to me, as I have even heard many times and many articles or even rumors about this pumping groups. When I was also new in trading, I have heard about groups of pumpers that they said manipulates the prices behind the market or sudden change of prices in the market, I was also shocked and amaze at the same time before but as time goes by, I seldomly heard about it anymore due to unstable prices that they cannot catch up what is the target buying price in the market.

This would really amaze you when you are a newbie and you do see that the price do really start up to climb just as expected since that group do said that it would definitely happen but this kind of cases would only happen if you did join on legit pump and dump groups but this is just a seldom thing to catch up with them but now most of them are just bunch of scammers.

karmamiu

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This is no longer new to me, as I have even heard many times and many articles or even rumors about this pumping groups. When I was also new in trading, I have heard about groups of pumpers that they said manipulates the prices behind the market or sudden change of prices in the market, I was also shocked and amaze at the same time before but as time goes by, I seldomly heard about it anymore due to unstable prices that they cannot catch up what is the target buying price in the market.

ladydark

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Beware of such groups.They would have already bought huge volume of an altcoin which they want to pump and they just approach you and need you to buy those coins and pump it.Even if you buy it,you don't know that when they would start to dump it and so they would suddenly sell all their coins and then you would not be able to even recover your invested amount.

ShadowBits

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Quote from: fanbeila on July 24, 2017, 10:16:18 AM

Yes,be careful with pumping groups.Those groups would have already bought a certain coin at cheaper rate which they want to pump and they would approach you to buy it and promote it.But you don't know when they would start to withdraw their investments by selling those coins and dump those coins.So you have a great risk of ending your trade in a great loss.So just awoid such groups.

So Pumps and Dumps are indeed very dangerous ! if you don;t have pre-bought coins ... or a strategy ... or a tool to ride the pumps ... DO NOT ENTER ! you will probably lose your money .

I agree .

fanbeila

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Yes,be careful with pumping groups.Those groups would have already bought a certain coin at cheaper rate which they want to pump and they would approach you to buy it and promote it.But you don't know when they would start to withdraw their investments by selling those coins and dump those coins.So you have a great risk of ending your trade in a great loss.So just awoid such groups.

alani123

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Even users withing those groups are losers many times. Only the admins making the calls can be sure when to sell and are the only ones with guaranteed profit but everyone else is subject to unlimited losses as a further correction could follow after the group pumps the price of a currency in an exchange.

Celebrity

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Quote from: Smolko on July 23, 2017, 11:45:29 AM

One important thing in life, why should somebody give you something for free? That applies to all pumping groups. Owner buys in at 20:55 tells you he will pump at 21:00 and he will sell everything at 21:01 while you guys lose.

That's exactly what's going on in pumping groups of telegram, slack and wechat. It's pitty if you expect other people to make you earn money with shitty pump and dump tactics. Get awake and trade on your own folks.

TechnoMusic

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Now I realised how pumping and dumping groups for a bitcoin and all other crpyto sites are too big scams because they give that signal to many pupil and they pump coin which they buy to make own wallet bigger and scam others.

Smolko

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One important thing in life, why should somebody give you something for free? That applies to all pumping groups. Owner buys in at 20:55 tells you he will pump at 21:00 and he will sell everything at 21:01 while you guys lose.

ShadowBits

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Quote from: iamTom123 on June 28, 2017, 09:13:30 PM

Lately, I have seen some promotions in Facebook on becoming a member of pumping groups for free. yes, it does not cost anything except registration and some push in the keyboard. Now, the question in my mind is if pumping groups can be effective in making me some money.

Searching on the same topic, I received some warnings that pumping groups are there to dry us of funds and that actually they don't care about us small players as we are actually the pawns they are looking for.

In other words, pumping groups can be a trap if you are not very careful. Why? Because those leading the pumping have already bought their coins ahead of the pumping announcement and when the coin has already risen they would immediately sell their holdings and if you are not watching you can have your bags empty.

I was just a newbie on this and I got victimized because just seconds after I bought my coins the value rose which led me to believe it could rose further but then the slide happened as fast as it rose.

Instead of becoming a part of pumping groups, I am now instead of a group which analyzed trends and give away possible coins to rise...and all for free.

i was once also attracted to join those pump groups
but im thinking that i might be pushing myself into a well of profit or a dead end
all i want is to not to end up regretting and hurting myself by losing my btc on joining this kind of group
i need more reviews about this
i hope some one can feed me more idea about this
idea or advice any one?

tittensor

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Haha, just newbie and person not have knowledge about crypto market believe this groups. They not know the money can earning in market is from loss trader (buy high, sell low) transfer to lucky trader or good trader (sell high, buy low). When join this group, they are will become to pig and chicken for admin group eatting everyday Grin

gabmen

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Quote from: klf on July 10, 2017, 09:08:27 PM

Quote from: Reid on July 10, 2017, 08:28:08 PM

I was once invited by this kind of group too.
It is so good to be true that you will smell it is fishy.
Yes there might not be a registration payment but the fact that you will buy the coin that they will be pumping is where you will lose it.
It is a selfish move by the leader which have the highest amount and the one who will make a profit out of it.
I would rather invest in bitcoin which they cant pump just like that except they are a group of millionaires.

Don't ever trust those groups because group admin will be buying all the shit coins which don't have much volume before pumping it. Then he will give suggestion to buy that coin to the group, and he will start selling at higher price. Only he and maybe some otherwise who have bought coins before the pump only can make a profit, and most of other group members will surely lose their money. Don't join these groups and waste your hard earned money.

Yeah i realized that that's how they do it. It makes sense that they tell you to keep vigilant because the pump will only happen for a few mins and you have to be fast on your fingers to ride the pump. Though admittedly, i was able to earn from these pump groups a coupleof times.

klf

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Quote from: Reid on July 10, 2017, 08:28:08 PM

I was once invited by this kind of group too.
It is so good to be true that you will smell it is fishy.
Yes there might not be a registration payment but the fact that you will buy the coin that they will be pumping is where you will lose it.
It is a selfish move by the leader which have the highest amount and the one who will make a profit out of it.
I would rather invest in bitcoin which they cant pump just like that except they are a group of millionaires.

Don't ever trust those groups because group admin will be buying all the shit coins which don't have much volume before pumping it. Then he will give suggestion to buy that coin to the group, and he will start selling at higher price. Only he and maybe some otherwise who have bought coins before the pump only can make a profit, and most of other group members will surely lose their money. Don't join these groups and waste your hard earned money.

Reid

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I was once invited by this kind of group too.
It is so good to be true that you will smell it is fishy.
Yes there might not be a registration payment but the fact that you will buy the coin that they will be pumping is where you will lose it.
It is a selfish move by the leader which have the highest amount and the one who will make a profit out of it.
I would rather invest in bitcoin which they cant pump just like that except they are a group of millionaires.

The Sceptical Chymist

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Quote from: barnes13 on June 29, 2017, 11:59:31 AM

in trading we can get profit

I've seen this phrase in so many garbage shitposts, it's unbelievable. If the search function wasn't so damn broken, I'd see how many times it's been said.

Pump groups are retarded, as are the people who participate in them. It's a ridiculous manipulation of the market. I get wanting to make money, but it's just stupidity all around the table. These groups used to happen in the stock market years ago and they got outlawed.

irwanjabryg

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Quote from: EddyGameta on July 06, 2017, 04:16:24 AM

I fully agree with your opinion. It's better to stay away from pumping groups as soon as possible rather than got a trap.
Why ?? Because pumping group only use their slow member or newbie to gain more bitcoin when they dump coin

How many BTCs have been stolen by the pumper group?
More and more people are interested, they use telegram to give pump or dump signals.
Is this the same mode? Huh

Topic: Be Careful With Pumping Groups (Read 3296 times)