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

eternalgloom

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Quote from: Shinpako09 on July 03, 2017, 07:04:48 PM

I also received a pm here from a brand new account last May offering to join them. He said the only thing I need to do is make a couple of forum post and I will get an advance notice on which altcoin is going to pumped.

When I ask him to use his/her real account instead of brand new account, he said he ain't monitor or use that account which is obviously just using for screwing others. After he seems i'm not interested in joining, he stated that there are enough people who joined. It's nice I didn't get easily fooled.

You should definitely report users like that, it's definitely not cool to receive spam like that from people you don't know.

I wonder how many people would actually fall for something like that, must be quite a few, since I've seen so much pump/dump related spam the last couple of weeks.

The only thing you can really do about it is warn people as much as possible.

EddyGameta

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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

ladydark

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You are absolutely right.Those big whales would have bought their coins at much cheaper price.Now they need their coins to be pumped some more and for that they need you and they make use of you.Since you don't know exactly when it would be dumped,better stay away from them to avoid total loss of your investment.

nydiacaskey01

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

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.

Yes this is true, by the time you log in to buy some coins thinking that you'll get some profit you are too late as the dumping already started. You maybe lucky to get some left overs but not as promised. Its either you HODL on your coins or do your own research and observation on which one is moving or have a lot of activity.

ChronoLite

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Quote from: xvids on July 03, 2017, 09:51:58 AM

Totally agreed with you I really think that pumping groups are bunch of scam.

Yes, when pumping group occurs highly possible when this group already get their goal, they will dump and make the trader lose. It always happen on Yobit while Pump bot is a main profit from traders on Yobit

CyberKuro

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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.

Trading is all about risk management and your call to follow others or not. I know how dangerous pump group could lead to loss for their members but that's a common rule in trading : do your own research and learn before invest on a coin.
I just consider those groups as an addition for information and won't take seriously for random investment, simply put your money on trusted coins which always rise after decline such as bitcoin Grin

peter0425

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Quote from: tigershark on July 04, 2017, 09:34:52 AM

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 agree that we don't know these people so we don't know if we can trust them. The concept could work if it is legitimate so I can see the benefit if it is legitimate. Another problem is that if the group is not very big, then it might not have a big impact on the market.

That is why I wasn't lured to those so called pump and dump groups. Because I would rather used my own judgement rather than follow people you didn't know and don't trust. Sometimes its very hard not to join a group because you want to know a head of time which coins to pump so that you can profit, but in you look at end, those people behind the group are already bag holders of the coin they are going to dump. They are just waiting for more investors like newbies to buy, but they didn't know that they are already trap once the dump happens.

tigershark

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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 agree that we don't know these people so we don't know if we can trust them. The concept could work if it is legitimate so I can see the benefit if it is legitimate. Another problem is that if the group is not very big, then it might not have a big impact on the market.

irwanjabryg

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Quote from: MRlong on July 03, 2017, 09:06:26 AM

Quote from: Hommer on July 02, 2017, 08:34:03 AM

Quote from: irwanjabryg on July 01, 2017, 07:26:01 PM

Quote from: xhienigat on June 29, 2017, 08:47:37 AM

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

Sorry i'm newbie in trading, are all the pumping groups frauds? Whether trading with experience and anlisis can suffer big losses? If so what will you do? thanks Irwanjabryg

You just can learning after loss, not have trader on the world's can sure they have 100% ratio winning when trading, but different between newbie in trading and people have more years experience trading is stop-loss. Good trader can set minimium loss maybe 1% / order, and they can take profit with 5-10% or 20%/order. With newbie, when loss will all or more than 50% because they not know stop-loss when wrong

How to determine the position for stop - loss?
I just heard this term, usually cut-loss, is this a difference ?.
Experience remains a major factor to avoid major losses. That's my opinion.

squatz1

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Pumping Groups are used by the big whales to be able to get people on with buying into something, it's used by them to be able to see an insane amount of pumping and then the big whales sell and everyone in the group gets fucked up with insane amounts of losses, don't get me wrong I'm not going to say this is the case with all of these groups because some of them are good at making a select group of people in the group and out of them a pretty penny, but the vast majority of the time it's going to lead to a loss of funds for some people.

So, yes do be insanely careful if you're getting into altcoin trading and trying to make some quick cash

Shinpako09

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I also received a pm here from a brand new account last May offering to join them. He said the only thing I need to do is make a couple of forum post and I will get an advance notice on which altcoin is going to pumped.

When I ask him to use his/her real account instead of brand new account, he said he ain't monitor or use that account which is obviously just using for screwing others. After he seems i'm not interested in joining, he stated that there are enough people who joined. It's nice I didn't get easily fooled.

Slow death

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Quote from: mobnepal on June 29, 2017, 12:22:11 PM

I was scammed by such pumping group before, they didn't scammed me directly but when following their group/provably fair pumping I lost almost 1BTC because of bots ran by those group admins.

he he he

When you agreed to join the group, did you think you would be rich?

Quote from: erikalui on July 03, 2017, 02:24:47 PM

I can see many pumping telegram/slack and whatsapp groups who ask people to join them and I did realize that's a trap as they want you to pump up the price so that they can sell their coins at a higher price to you, thus scamming you. People have lost 0.5-1 BTC joining these scam groups. Only buy walls should be trusted as they are the genuine investors who pump the prices for the future of the coin.

Unfortunately greed blinds people

Pattberry

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

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 can understand your circumstances ,if you are risking your money with the coins we see in exchanges like yobit which is not traded anywhere else,then you could be in a trap because these groups will pump the coins and once you get involved it gets dumped badly,i am not sure how they are able to do that ,may be because the volume is really low.

erikalui

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I can see many pumping telegram/slack and whatsapp groups who ask people to join them and I did realize that's a trap as they want you to pump up the price so that they can sell their coins at a higher price to you, thus scamming you. People have lost 0.5-1 BTC joining these scam groups. Only buy walls should be trusted as they are the genuine investors who pump the prices for the future of the coin.

olushakes

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Anyone who is even visiting joining any PUMP group should be even be more careful than the group manager itself and be timely more than anything because the entry is not an issue but the exit in which you just need to be ahead of your game and not be greedy that even if you entered late which is obviously OP's case, the moment you have gained a little just exit and not wait until you get 100x of what you put which might bite at the end of the day.

Potato Chips

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yesssir! 🫡

The first time i heard this pumping group concept i never had the slightest desire to join lol. i mean yes its free but you don't simply trust anyone offering you good stuffs over

the internet. it's better to let yourself handle the vital parts rather than having a bunch of strangers handle it, Hey its money we're talking about!!!!!!

be careful also about the people teaching trading things on the internet. many of them is just another way of promoting their coins like they will list all of their top undervalued

coins lol. i rather watch the market

ss890

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Quote from: ktabb on June 28, 2017, 09:19:52 PM

The idea of a pumping group is flawed. It relies on everyone in the group buying when they are supposed to buy, and selling when they are supposed to sell. However, every person in the group stands to gain more by selling before everyone else after a pump. Basically the idea is flawed because game theory. On top of that, it's price manipulation which is stupid and immoral. If bitcoin exchanges every become regulated (which would be great for bitcoin) then these would almost certainly be illegal.

Yeah that's true about the pump group. The unity of the group is really important when it comes to pumping the coin. If few of them try to abandon us then it can lead to chaos. I was also very interested in such pump group first and I even tried one but I don't see a success in there. It's better to try out our own strategies and gain profits.

xvids

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Totally agreed with you I really think that pumping groups are bunch of scam.
They wouldn't really care if you are going to make some profit they will just mind their own,
They are just going to use you to pump the coin and if you are late to convert then its your lost .

Yutikas_11920

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Quote from: posternat on June 30, 2017, 12:04:52 PM

If the group is legit, then you would rather be on the inside of that curve than the outside, but that is something that can be controlled by a single membership. We have controlled the groups using that method. Our own trading groups have a single member inside the most powerful pumping groups to bring that information out into our group, so we know what they are doing.

Hmm, now that this has been no secret that there are a few companies or groups that seek a profit from trading. Where they have several groups with different tasks, in order to get the benefits they have many plans. well it's not a problem, because it has every trick alone. Just stay we only want to work with good or not, if you want to then it is certain that you get is a big advantage and also will certainly get a lot of strategy being used

Fatunad

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Quote from: MRlong on July 03, 2017, 09:06:26 AM

Quote from: Hommer on July 02, 2017, 08:34:03 AM

Quote from: irwanjabryg on July 01, 2017, 07:26:01 PM

Quote from: xhienigat on June 29, 2017, 08:47:37 AM

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

Sorry i'm newbie in trading, are all the pumping groups frauds? Whether trading with experience and anlisis can suffer big losses? If so what will you do? thanks Irwanjabryg

You just can learning after loss, not have trader on the world's can sure they have 100% ratio winning when trading, but different between newbie in trading and people have more years experience trading is stop-loss. Good trader can set minimium loss maybe 1% / order, and they can take profit with 5-10% or 20%/order. With newbie, when loss will all or more than 50% because they not know stop-loss when wrong

Stop loss would really be hard on most newbies even they didnt even know what is that stop loss thing on doing trading. As a trader you would really set stop loss incase the price wont go as you planned but you do make this decision to earn something more percentage than on the set stop loss. About on OP pumping groups might be true or just a fake one you wont know if they just want for you to buy a certain coin so that they would able to sell and secure profits.

MRlong

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Quote from: Hommer on July 02, 2017, 08:34:03 AM

Quote from: irwanjabryg on July 01, 2017, 07:26:01 PM

Quote from: xhienigat on June 29, 2017, 08:47:37 AM

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

Sorry i'm newbie in trading, are all the pumping groups frauds? Whether trading with experience and anlisis can suffer big losses? If so what will you do? thanks Irwanjabryg

You just can learning after loss, not have trader on the world's can sure they have 100% ratio winning when trading, but different between newbie in trading and people have more years experience trading is stop-loss. Good trader can set minimium loss maybe 1% / order, and they can take profit with 5-10% or 20%/order. With newbie, when loss will all or more than 50% because they not know stop-loss when wrong

irwanjabryg

hero member

Activity: 980

Merit: 512

Quote from: Hommer on July 02, 2017, 08:34:03 AM

Quote from: irwanjabryg on July 01, 2017, 07:26:01 PM

Quote from: xhienigat on June 29, 2017, 08:47:37 AM

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

Sorry i'm newbie in trading, are all the pumping groups frauds? Whether trading with experience and anlisis can suffer big losses? If so what will you do? thanks Irwanjabryg

In trading all newbie, including me.
Because the trade is learning. All can happen we can not guess it.
I find it difficult to distinguish a good pumper group. Better not and do it in your own opinion. It's safer.

amaral1977

sr. member

Activity: 686

Merit: 250

The problem with free pumping groups his that they work like an onion. The core profits from the losses of the outter layers. The "core" of the group will always have the knowlegde before hand and can buy lower, as they know when they give the sell signal so they get out safelly. The outter layers will get in higher and get out later so with much higher risk.
Of course you will always see successul dtories out of pure luck, or from the very few who can actually read the pre pump and pre dump signs. But thos guys are not the majority who will follow a pump and dump group.

Amy bowden

newbie

Activity: 28

Merit: 0

I have seen so many number of telegram pumping groups for free.Every group is giving notifications about bittrex pumping and they are mentioning date and time also i don't think its real so please get out of these groups.

jennywhzz

sr. member

Activity: 415

Merit: 250

Quote from: babysweetTiger0401 on July 01, 2017, 10:32:56 PM

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.

Now Pumping groups are showing desperately, before I trusted them. But now I think I think a space to avoid them. But still I had a trusted person who is giving me an information in which coin are going to pump. So I agreed we must be careful to pumping groups.

If the people in the forum was more interesting in information , they could do the same a publicly post the information from the pump groups. There would be a short time of confusion, but it would eventually destroy the pump groups because there would be no reason for them to be consider exclusive and their time would end.

Hommer

newbie

Activity: 39

Merit: 0

Quote from: irwanjabryg on July 01, 2017, 07:26:01 PM

Quote from: xhienigat on June 29, 2017, 08:47:37 AM

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

Sorry i'm newbie in trading, are all the pumping groups frauds? Whether trading with experience and anlisis can suffer big losses? If so what will you do? thanks Irwanjabryg

babysweetTiger0401

sr. member

Activity: 777

Merit: 251

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.

Now Pumping groups are showing desperately, before I trusted them. But now I think I think a space to avoid them. But still I had a trusted person who is giving me an information in which coin are going to pump. So I agreed we must be careful to pumping groups.

Singwala

sr. member

Activity: 462

Merit: 260

Yes that's actually said my friend do not join on pumping group because maybe you will be trap and your btc will be decrease down so you don't have option to hold your coins and wait to grow again. instead of joining ng on that scam groups do your own research knowledge to choose coins with possibilities to grow .

cpfreeplz

legendary

Activity: 966

Merit: 1042

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.

Lol no shit they're a scam. Everyone knows that. If you've ever played an MMORPG with an open market you've experienced this.

onrise

sr. member

Activity: 1512

Merit: 316

Only experience and admin have the best advantage than the new users . Along with the fast pace you need to be smart as well to get the coins by and sell quickly . Else you would end up nothing . Also holding this types of coin if you are not able to sell at good price is like commuting suicide beacuse thier value goes down quickly and hardly rises in future .

deddod

sr. member

Activity: 476

Merit: 250

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 prefer a group that analyzes and predicts the future of a coin rather than joining a pumping group. As you say a lot of pumping groups are deceiving. to take advantage for themselves without thinking of members, their huge capital is the ultimate power holder, and the small financiers are just prey for them.

AK47-

sr. member

Activity: 644

Merit: 250

Admin always have an edge in such pumping groups. I have seen many similar stories as OP. I am not much into pump and dump groups. Either you need to be very fast in buying and selling or you lose everything. Newbie get trapped in such things and most of the time they are left with nothing.

irwanjabryg

hero member

Activity: 980

Merit: 512

Quote from: xhienigat on June 29, 2017, 08:47:37 AM

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

PokerFace3

hero member

Activity: 700

Merit: 500

Quote from: cybernetik7 on June 30, 2017, 12:37:52 PM

Nothing replaces your own research. You should know a coin and be familiar with how it trades to be confident. There's no easy way.

Few traders never agree these and they just want to have quick money in lazy way that is the reason they form a group just to rob rest of traders. I am always staying away from the invitations of joining such group of people, I believe this would be enough carefulness to stay safer.

cybernetik7

sr. member

Activity: 560

Merit: 250

Nothing replaces your own research. You should know a coin and be familiar with how it trades to be confident. There's no easy way.

tristan1960

full member

Activity: 217

Merit: 100

Quote from: mobnepal on June 29, 2017, 12:22:11 PM

I was scammed by such pumping group before, they didn't scammed me directly but when following their group/provably fair pumping I lost almost 1BTC because of bots ran by those group admins.

This is correct. Guys, never join these type of groups because it's very scammy. I've been in three different tekegram pump groups, but their signals were so inaccurate. That was a regret for me to spend my money on.

posternat

hero member

Activity: 798

Merit: 500

If the group is legit, then you would rather be on the inside of that curve than the outside, but that is something that can be controlled by a single membership. We have controlled the groups using that method. Our own trading groups have a single member inside the most powerful pumping groups to bring that information out into our group, so we know what they are doing.

cafucafucafu

hero member

Activity: 812

Merit: 509

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.

Of course not.

How pump and dump works in a nutshell: A guy who is supposedly experienced in trading offers some sort of signal on a public platform, people follow his signals, and the price goes up because everyone buys it. When the pump happens, public trust in the "experienced trader" increases, and the cycle continues.

The pump and dump groups(pumpmycoin etc.) are no different. They load up on cheap coins beforehand, and charge YOU for a subscription to the info. So they get profits + subscription fees. Double win for them.

Even telegram groups can be pump and dump schemes, people who say that a coin is going to go up is likely already holding the coin and trying to get omre people buying it so that price goes up. But still, it's free, unlike pump and dump sites.

SONG GEET

hero member

Activity: 700

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: enhu on June 29, 2017, 01:37:43 PM

I got some emails from these groups lately, it looks like an easy money but I just don't have interest to pumping a coin. I'm much interested to real development. But for fun maybe I will try later. Isn't this like doubler?

No it is quite different than just BTC doubler, these group allow everyone to join for free and set some specific date and time or block number to determine which coin to pump. First they select few coins that don't have much volume and easy to pump, they choose one of it according to last number of the pre-determined block hash (usually dogecoin chain was used) and after it is announced in the group all will rush to buy it creating artificial pump. However the one with automatic trading bots can only make profit from such pump.

Idrisu

sr. member

Activity: 924

Merit: 260

Trading is a game of skills, experience and knowledge. Pump group are scamming people up and down because many newbies are not ready to learn how trade work. Every thing that Couse price movement both up or down are in the charts so pumping group are for those who can't interpret the charts.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Lol bro I bet you're talking about the one on Telegram called SoldierPumper or something. I was part of that group just to observe what they do. I saw EVERYTHING and was shocked how cruel humanbeing could be.

Many experienced people already warned us about Crooks like that but we insist on trying. Business is all about risk but you have to be extremely cautious and smart how you go about risky things.
DO NOT EVER TRUST ANYONE. They sound so convincing and trustworthy because they are long in the business. Start very small If you finally decide to risk it!
Before risking your hard earned money, ALWAYS READ MULTIPLE REVIEWS and ASK LOTS OF QUESTIONS ON CREDIBLE WEBSITES.

Finally, that experience made me understand why Pump and Dump shouldn't even be encouraged atall. I really felt so bad about the whole situation despite not investing anything. We really should listen more to experienced people without biased views.

enhu

legendary

Activity: 2492

Merit: 1018

I got some emails from these groups lately, it looks like an easy money but I just don't have interest to pumping a coin. I'm much interested to real development. But for fun maybe I will try later. Isn't this like doubler?

quintiilieo

sr. member

Activity: 420

Merit: 250

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.

You are correct i know there's a lot of group that joining as one for the pump and dump of the coin don't let it be a trap for you the most important thing is to how to read charts or the trend to buy coins that you see pump and dump in just a small period of time the trap is there. Find a coin that has a minimal pump dump it would be a legit one which player is not controlled by a crowd. If you wanna get profit on a pump dump you must have big funds in other that if you see that's the dump buy it then if you have profit on pump sell it.

mobnepal

legendary

Activity: 1218

Merit: 1006

I was scammed by such pumping group before, they didn't scammed me directly but when following their group/provably fair pumping I lost almost 1BTC because of bots ran by those group admins.

barnes13

hero member

Activity: 1274

Merit: 521

7enius - Your Cryptocurrency Marketing Consultant

I'm join one free pump group, but when group announce what coin will get pump I never involve in the event, nothing wrong with pump group but we should to realized in trading we can get profit or vice versa.

giveen

hero member

Activity: 826

Merit: 1004

There is nothing wrong at all with pumo groups on telegram. I am part of a pumo group and obviously my girst pumo was worst and i ended up 0.14 btc. But i easily recovered and actually got a profit of 0.3 btc with initial amount of 0.03. You just need to set a goal. I can't tell much if you think you can't earn from don'tget greedy stop entering these pumps.

xhienigat

sr. member

Activity: 420

Merit: 250

The All-in-One Cryptocurrency Exchange

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: Adbitco on June 29, 2017, 07:08:48 AM

I have always been against such pump and dump groups. They provide you nothing but false info regarding various coins they might be interested in making some profit off. Try to avoid becoming part of them and getting involved in their shitty business. In my opinion such groups are unhealthy for altcoins or cryptocurrencies.

When there will be strong community action against those type of manipulatos, I guess we can get rid off these groups. I believe no trader should make a resolutions for not supporting market manipulations in any form. Because one day or other it will definitely backfire. Trading must be a good business but those manipulators ruining it completely.

DaMut

sr. member

Activity: 1274

Merit: 263

sure.
a lot of invitation happened in every local boards,
and what made it so strange,they called themself as a pumpers

never ever believed something like that,because when you joined their team,
they will ask a fee as a copensation for joining their team.and after that they will abandon you for sure

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

I have always been against such pump and dump groups. They provide you nothing but false info regarding various coins they might be interested in making some profit off. Try to avoid becoming part of them and getting involved in their shitty business. In my opinion such groups are unhealthy for altcoins or cryptocurrencies.

beerlover

legendary

Activity: 3052

Merit: 1188

I never opted to work with any such group even I do get many invitations from strangers. Whether it is from known or unknown people, I honestly hating manipulating market prices for our benefits, it may bring disasters to numerous innocent traders.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Lucky if you have success with any of them, it depends on how greedy you are as you can get away with small profit but if you expect anything big then you will end up losing out.

olubams

hero member

Activity: 798

Merit: 503

Pump groups here and there but only few are just really serious on the service they are offering at the expense of those who just buy based on statistics not knowing those statistics are artificial that cannot last for long and a responsibility on any trader to buy intelligently. Also again one needs to be careful with the one he joins because you never can tell if its the developer who is ready to push dump his own coin that is behind the group.

audaciousbeing

hero member

Activity: 1330

Merit: 569

In the case of pumping groups I see the innocent like OP falling prey of such moves because if the quest to make money fast but no knowing that its just another way to lose the little you have. Mostly pumps are based on timing and the timing you might be entering will be the exit for majority of others and if you are not online to monitor the price to quickly exit as soon as possible, you are in for a long thing.

omonuyak

sr. member

Activity: 882

Merit: 269

Iamtom123, provided free services on trend analysis is a very good idea and you should look for people of the like mind to work with as this is one of the great aspect of rendered services for bitcoin. Most pumping group are scammer and misleading for their evil gain.

jmigdlc99

sr. member

Activity: 784

Merit: 282

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

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.

This is exactly the purpose of pump and dump groups. The value will rise then slide. Maybe instead of create a "be careful of pump groups" maybe you should make a topic called "make sure you know what you are getting into."

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I remember once in the early days I joined a mini pump group on skype lol. It was hilarious because the main BOSS pumper was dumping on all f us as he made us try to pathetically pump a coin. I think pump groups are a farce and should be banned lol as they give Crypto and Bitcoin a bad name.

tonlong

sr. member

Activity: 726

Merit: 250

Quote from: ktabb on June 28, 2017, 09:19:52 PM

The idea of a pumping group is flawed. It relies on everyone in the group buying when they are supposed to buy, and selling when they are supposed to sell. However, every person in the group stands to gain more by selling before everyone else after a pump. Basically the idea is flawed because game theory. On top of that, it's price manipulation which is stupid and immoral. If bitcoin exchanges every become regulated (which would be great for bitcoin) then these would almost certainly be illegal.

Its crazy to think that this is the same stuff that makes the global financial markets go round

pooya87

legendary

Activity: 3472

Merit: 10611

internet is full of them!
i even got a personal message asking me if i was willing to "spam" for them! as in making bullshit topics saying some shitcoin is good and will go to the moon tomorrow.
it is another one of the new ways to scam people who are desperate to make money and are also to lazy to get of their asses and learn how trading works.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

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.

They are now using social media's to attract and invite those new "members" that will pull funds on his pocket and probably those people that has bigger funds.

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

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.

Yes they are trap for small players like us but I think it's a different thing when you are inside to those whales pumping group.

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

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.

Much better and good luck with your crypto career mate!

ktabb

full member

Activity: 266

Merit: 103

The idea of a pumping group is flawed. It relies on everyone in the group buying when they are supposed to buy, and selling when they are supposed to sell. However, every person in the group stands to gain more by selling before everyone else after a pump. Basically the idea is flawed because game theory. On top of that, it's price manipulation which is stupid and immoral. If bitcoin exchanges every become regulated (which would be great for bitcoin) then these would almost certainly be illegal.

iamTom123

hero member

Activity: 490

Merit: 501

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.

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