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

member

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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

member

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Merit: 19

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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Activity: 252

Merit: 6

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

Activity: 115

Merit: 2

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

Activity: 69

Merit: 0

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

ArmanShirinyan

newbie

Activity: 32

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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

Activity: 352

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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

Merit: 0

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

copper member

Activity: 322

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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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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

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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.

santosmichael

jr. member

Activity: 176

Merit: 2

Thank you for your great infographic and sharing.

I've also heard of groups like this on the telegram, and just found out that the scheme is like this.

In cryptocurrency, we cannot take action just based on hearing from people's words or groups, because they might have the intention to manipulate you,
you better just believe in yourself and always be careful and dont be greedy.

Determan

newbie

Activity: 13

Merit: 0

I saw few groups in my telegram and didn't believed in their plan. Now I know that they decieve people. Thank you.

LuuLyBitcoin

newbie

Activity: 17

Merit: 0

That's easy to know. You win, they win so who lose? Market as a battlefield and traders are soliders. You don't know who is ally, who is enemy. So, believe yourself. Beware with all rumors!!!

Davil

member

Activity: 238

Merit: 14

Totally easy to read and understand, thanks for the effort creating the infographics and for sharing it with the new members of the community. If these groups work is because there are many members that fail in the trap. Maybe they believe in this groups because they wouldn't do evil themselves, but remember that not everybody has the same values and standards.

Good info to share, I'll pin it in my favourites and share with my friends when they join the crypto-world.

harizen

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People just have to used their "common sense" in order to battle the freaking sh*t activity on the internet.

I've seen some newbies doesn't taking any bait so it means being a newbie is not really the reason why others fall on the scheme of pump groups.

Good work btw to your wonderful infographics.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: mutlumining on August 30, 2018, 03:20:04 PM

Thanks for info. A lot telegram group appears. All of them are scams.

Yup, nice infographic btw.
Don't believe in become rich quick scheme. Its always a scam.
Even investing in bitcoin is not that easy scheme to get rich. You must keep ur funds frozen in bitcoin for years before you make a profit (time between bubbles) so its a cost in itself, frozing ur funds.

mutlumining

newbie

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Thanks for info. A lot telegram group appears. All of them are scams.

fraufreiheit

jr. member

Activity: 252

Merit: 6

The Premier Digital Asset Management Ecosystem

If you are subscribed to at least one crypto channel in telegram, you have probably seen the advertising of groups that invite you to participate in their crypto pumps.

Many newbies wonder why is it impossible to earn anything with them? After all, everything seems very simple and reasonable, but where is the catch?

I've made an infographic describing in details what a user sees when he joins these groups VS what is ACTUALLY happening during such pumps.

Share this information with other members of the crypto community, especially with newbies.
The harder it is for scammers to deceive crypto users, the more people will feel confident and comfortable in the world of blockchain, which will help us take another small step towards popularization and bring the wonderful crypto future closer.

P.S. Initially, I've created this artwork in Russian, and then I've translated it into English. I'm not an English native speaker, so I've probably made some mistakes, feel free to tell me about them, if you wish, and I'll correct them.

Topic: How Do Telegram PUMP GROUPS Scam Their Participants (INFOGRAPHICS) (Read 479 times)