Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
Those pump and dump groups are just making money on newbies in trading. For those who understands crypto trading, you don't need to join such groups. There are even groups that gives signal for a fee. I would rather follow a coin or project and wait for further developments and price will follow too, than pay for a signal that is also given to others who already bought. 
Topic: Fake binance pump? - page 2. (Read 532 times)
Binance is one of the big and secure platforms that we can rely on. Binance offers users a discount on Binance Coin (BNB) instead of Bitcoin. BNB Coin as a way to pay costs on the exchange
This was definitely a hacker transferring funds, there is no pump and dump group that would pump it so high that one coin is worth 100 btc. Binance should have some type of stop system in place to prevent extreme trading.
This can’t be done on individual basis. Well you can’t just be so unsure that this isn’t hacker thing, it may be or mayn’t be. You are there to confirm it from some sources and listen out to news and think over it. Connect some dots and think whether it may be obvious or not. If you think this is so, then change your plan or modify it. Your strategies must be flexible enough to cater max situations. 
Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
I think you should not be involved in such pumps. It's a lot of risk to you. because the money is not easy to earn. If you are greedy, you can enjoy big profits from that pump or you will lose everything if the pump fails. I think you should choose a safer option than a risky one. 
Exactly it is not a fake Pump but there is an error in Binance system, so it's caused by BUG. Before you see the SYS coin is up then see first from the group telegram, Announcement, Tweeter fanpage website etc..
Do not let you go wrong and make your Bitcoin diminished because of the BUG that occurred in an Exchange, be careful in trading so you get lucky.
Do not let you go wrong and make your Bitcoin diminished because of the BUG that occurred in an Exchange, be careful in trading so you get lucky.
Do not always follow such pumping because it is feared once you get inside and pump from time to time to get down drastically, do not be easily attracted by ongoing pumping, but wait to buy at a low enough price so that it can follow the pump and sales targets in time which is a big advantage, the principle of trading is to buy at a fairly cheap price (red) and sell at a high price (green) which if not bought in a state of pumping will be very risky, just like those who are late buying but forced to buy at the peak of glory Bitcoin by the end of 2017.
I personally never take part in pumps unless a coin I hold is being pumped- in such a circumstance I just sell at my predetermined selling point and exit. There's a lot of risks involved in pumps considering some of them last just minutes and you can lose a significant sum of money if the pump doesn't go as you wanted it to go. I usually leave a pump extremely quickly to minimize risks- I'm there to simply trade and not to gamble, and though I've missed out on a lot of money I due to this strategy I don't regret it one bit. For outright gambling I go to online casinos, not an exchange.
Lol all those fake pumps is a way for them to rip their investors off, if they are not being careful. It’s not good to participate in those, but sometimes you can be lucky, saying from experience I’ve had luck once in it, but that doesn’t mean I will go ahead and try it. Even the day it happened I didn’t invest intentionally, but it was all luck, cause I could have lost big money in it. Well… this is not the first time I’m losing money in this, I have lost money several times but all that matters is whether your profit is bigger.
By the time you see a coin pumping, it is already too late to buy. You won't have time to sell before it dumps and you are left bag holding.
The only people who benefit from a pump and dump are the one or two top scammers.
The only people who benefit from a pump and dump are the one or two top scammers.
Sometimes those are groups of scammers. Normal investors have to sit and watch, wait for it to happen and have an open position waiting to be filled. Back in the day that's what I was doing with a lot of coins. I simply had no time to follow every move and every tweet, so I would pick a satisfying price and place an order. Sometimes it would take days, sometimes months to fill. Sometimes it would never happen, but usually this system worked.
I agree that jumping on a pump usually doesn't work, but sometimes it catches fire and continues up even though pumpers have exited.
This was definitely a hacker transferring funds, there is no pump and dump group that would pump it so high that one coin is worth 100 btc. Binance should have some type of stop system in place to prevent extreme trading.
Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
Pumps and dumps are all what altcoin market has been involved around for the last year or so, i personally tried to participate in some of them and i can say that i had my share of fails and success, when you want to participate in them make sure you do your researches about the coin that you are trying to invest in and understand how its market works, you should make your decision on your own and not based on what people tell you to do, because there are a lot of scammers out there that looking to take your money, and most importantly don't get greedy if you jump in a pump set a certain price point at which you get off. 
Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
You should not include that SYS coin incident which its not relevant to be considered on such situation yet it do involves bug related issues with the platform not totally a usual pump of coins not only to this exchange but on others as well.Fake pumps and dumps do exist and when you saw these coins then its too late for you to get in and its risky when you FOMO. Not all coins would have definitely a possible same movement for you to wait up.
Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
I think to be involved in a pump and dump marathons you need to be more skillful than just regular trader here, because it is really hard to catch those moments when you can buy, sell and reinvest.
Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
It's depend on how will you take the risks and will managed it on the way.
Others got good results out of riding a pump. Others don't have the same journey. It's on you how will you managed it. Let's disregard the manipuation at Binance but you must consider that riding a pump take guts and fully understanding what is a risk.
Like I said if others able to ride it, then it means anyone can. But if you truly not sure on what you are doing, better refrain from doing it for now.
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There some rumor that Binance exchanger using bot to pump the price for their own profit. There no things to prove that Binace use bot, but there are lots of bot running throw Binance APIs and these bot just show up when market start pumping. So careful with yours trade now, you might get hurts.
I will never jump in to fast pump like the price going up 100% in 1 hour, because usually the price also will dump hard so fast just like MANA coin, its better to buy coin that has normal price action because this is more safe in trading.
that is why it is considered risky! and with that risk comes the high profit otherwise there is so little or no profit at all and losses instead. well good news is that you don't have to stick around for the whole pump. you can get out anytime you want. for example you can be satisfied with a daily 10% profit and get that profit from each pump per day and enjoy your life and let the 100%-100000% rises go past while you become richer slowly but surely.
I think if you want to take part in the pump is very risky because the price is too high, even if you want to buy it you should be ready to risk, so I think forget it.
Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
Its not an issue for long term investors but if your a day trader that price action matters. Pump sometimes is necessary for a coin to create noise, but be careful because sometimes some of them are just traps. Honestly daytrade is not my game I believe in every coins that I hold that it will bring fortune in few years to come so current prices don't matter to me.
37 millions $ have been lost because of the pump 
those binance pumps were so ridiculous even the biggest moron could see they were hacky. i guess if you do make bank and get the money out that's one thing, the chances are they'll freeze everything as they did in this case.
it's not as if binance are gonna ban you for taking part in something they're permitting through their own slackness, but it's probably a waste of your time and you may not get the right balance returned to you.
it's not as if binance are gonna ban you for taking part in something they're permitting through their own slackness, but it's probably a waste of your time and you may not get the right balance returned to you.
Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?
Seeing from some news today that the increase was caused by hackers.But for the moment I have no original information about it.
be careful if you take part of that moment.
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