How Do Telegram PUMP GROUPS Scam Their Participants (INFOGRAPHICS)

odolvlobo

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Quote from: fraufreiheit on October 30, 2018, 04:00:59 PM

Quote from: odolvlobo on October 22, 2018, 12:30:50 PM

Quote from: farmingbyfaith on October 22, 2018, 10:25:25 AM

my question then is
is there a decent way for newbies to actually make money? or is it just par for the course that the industry is dominated by people who like to scam the ignorant?

Suppose your are on a site discussing dollars and the U.S. monetary system, and somebody asks, "is there a decent way for newbies to actually make money?" You already know the answers to your question.

Of course, I have a telegram channel, where we all together pump dollars on weekends! (just a joke)
I know you mean "to earn money you should work", but still work inside a crypto industry is pretty different from a work we're all used to.

I don't think it is any different. Give me an example and I'm pretty sure I can show you a way to earn dollars in the same way.

fraufreiheit

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The Premier Digital Asset Management Ecosystem

Quote from: odolvlobo on October 22, 2018, 12:30:50 PM

Quote from: farmingbyfaith on October 22, 2018, 10:25:25 AM

my question then is
is there a decent way for newbies to actually make money? or is it just par for the course that the industry is dominated by people who like to scam the ignorant?

Suppose your are on a site discussing dollars and the U.S. monetary system, and somebody asks, "is there a decent way for newbies to actually make money?" You already know the answers to your question.

Of course, I have a telegram channel, where we all tohether pump dollars on weekends! (just a joke)
I know you mean "to earn money you should work", but still work inside a crypto industry is pretty different from a work we're all used to.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: farmingbyfaith on October 22, 2018, 10:25:25 AM

my question then is
is there a decent way for newbies to actually make money? or is it just par for the course that the industry is dominated by people who like to scam the ignorant?

Suppose your are on a site discussing dollars and the U.S. monetary system, and somebody asks, "is there a decent way for newbies to actually make money?" You already know the answers to your question.

farmingbyfaith

newbie

Activity: 3

Merit: 0

my question then is
is there a decent way for newbies to actually make money? or is it just par for the course that the industry is dominated by people who like to scam the ignorant?

AlisaWhishie

member

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Merit: 20

Quote from: bitcoinmee on September 06, 2018, 04:45:06 AM

Very informative! when i started to learn how to trade i've joined many pump groups in the telegram and gladly did not participate in any of it. I'm just curious what they do and how they do it.

I know people who PAID to get into these groups, as these pumps were "Premium VIP super-duper shit", LOL. First you pay, then you get scammed on the exchange. Double damage!

fraufreiheit

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Quote from: bitcoinmee on September 06, 2018, 04:45:06 AM

Very informative! when i started to learn how to trade i've joined many pump groups in the telegram and gladly did not participate in any of it. I'm just curious what they do and how they do it.

Yeah, I think that almost all newbie-traders are easily tempted to try this kind of trading, as it seems so easy and pretty sensible as well. But the best proof that all of them are scam is a fact that they use stupid spam as their marketing strategy. Not reliable enough, right?

bitcoinmee

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Very informative! when i started to learn how to trade i've joined many pump groups in the telegram and gladly did not participate in any of it. I'm just curious what they do and how they do it.

Alluro

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This is a totally true story mate. Thanks for the sharing with us. Some guys promoting their other groups saying like join their premium paid channel and they show fake telegram audience too. If they are real trades, I think they don't have to waste time with telegram channels.

fraufreiheit

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The Premier Digital Asset Management Ecosystem

Quote from: TryNinja on September 02, 2018, 11:12:58 AM

Quote from: odolvlobo on September 02, 2018, 04:09:23 AM

I think it is hilarious that they are literally called "pump-and-dump" groups and people still follow them.

It's all about greed... You can profit a lot if you manage to buy before the pump and sell before the dump. [snip]

Yes, you could have bought it without any intention to sell during a pump, then you're lucky. But not to be late to sell you should already have your sell orders set, but I believe these pump-managers choose coins which don't have a lot of sell orders, so they will be able to sell more (and to earn more
accordingly).

crypt0j0e

jr. member

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Nice work on that infographic! I think greed is a strong motivator for people participating in these pump groups but it usually doesn't work out like they think it will because it's rigged from the start. It's also noteworthy that many organizers will set price targets for their pump so they can set their sell orders in advance which will ensure they get out before the dump starts.

TryNinja

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Quote from: odolvlobo on September 02, 2018, 04:09:23 AM

I think it is hilarious that they are literally called "pump-and-dump" groups and people still follow them.

It's all about greed... You can profit a lot if you manage to buy before the pump and sell before the dump. The people who fall for this are the same ones who "invest" in those magical doublers and "trading bots" that generate 20% profit a day. If you manage to invest in the top of the pyramid, good for you... It not, bye bye money.

Jerryzack2

newbie

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This is excellent information, I'm currently working on something similar to bring more information to the community. good one.

ArmanShirinyan

newbie

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Give this man a cookie! Very informative and useful especially for beginners

odolvlobo

legendary

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I think it is hilarious that they are literally called "pump-and-dump" groups and people still follow them.

petyang12

member

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This is very true they use telegram to scam people nowadays. This is sad news to those who doesn't know how to prevent phishing site or getting scam by scammers and hackers.

Ferrytale1

newbie

Activity: 23

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I mostly avoid pump and dump groups, I mostly avoid any scheme in which I join high up.
Once you've seen a bandwagon, it's already too late.

souleater1494

newbie

Activity: 24

Merit: 0

Well that is true thats why i never join any groups like pump and dump , and trading signal because they are the one that dragging the market down most of the time newbie fall for this and makes them quit

Obiwankenodium

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Quote from: fraufreiheit on September 01, 2018, 04:01:12 PM

Quote from: nakamura12 on September 01, 2018, 01:31:02 PM

The next time opening telegram you would have seen new group that you are member even though you did not join.

I also had the same problem, until I turned off the ability to add me to groups in my telegram settings.
Settings -> Privacy -> Groups -> My Contacts

Maybe it can help you too.

thanks. Im in so much groups i dont even notice if i got added into another one. But this helps to prevent.

fraufreiheit

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The Premier Digital Asset Management Ecosystem

Quote from: nakamura12 on September 01, 2018, 01:31:02 PM

The next time opening telegram you would have seen new group that you are member even though you did not join.

I also had the same problem, until I turned off the ability to add me to groups in my telegram settings.
Settings -> Privacy -> Groups -> My Contacts

Maybe it can help you too.

nakamura12

hero member

Activity: 2268

Merit: 669

Bitcoin Casino Est. 2013

Thanks this is helpful. About that you explained it well enough for us to understand many of the scammers take advantage of telegram to scam. The next time opening telegram you would have seen new group that you are member even though you did not join.

Topic: How Do Telegram PUMP GROUPS Scam Their Participants (INFOGRAPHICS) (Read 474 times)