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Topic: How to make big profits from exchanging bitcoin to altcoins - page 2. (Read 1577 times)

sr. member
Activity: 1400
Merit: 269
I'd be interested if this group is free to join but right now im not really interested into trading cause i only have small amount to trade and i bought into a higher price, so yeah im kinda stuck that's the lesson i learned by joining the FOMO.
Also the reason i avoid this groups because mostly i heard people complaining that they got scammed and paid a lot just to become a member then the group just vanished, after all who does give free trading signals ?
legendary
Activity: 1106
Merit: 1000
Groups of pumps and dumps should be caught as this is a serious problem in the cryptocurrency. You don't take advantage of pure market movements, but you manipulate a whole market to your own will and bait people to join you in the rise. I wouldn't call it clever or creative, but rather illegal, depending on where you are. That's why I have never participated in those. It's pretty much stealing.

cannot be prevented because this also happens on platforms outside the crypto market. Such speculative methods still cannot be linked to illegal actions because anyone can do it, the exchange parties also don't care because the most important thing is to monitor the volume increase, it's better not to know too much because it will get addicted and cause loss.

Pump and dump group is not consider as speculative method, they are more likely scammers, they take your money indirectly by give you a false signal and they will clarify that the false signal as an accident.
Pump and dump schemes are illegal and considered securities fraud by the SEC.
full member
Activity: 714
Merit: 104
So, you're a member of a pump and dump community that manipulates the altcoins price and then shills your group here to recruit members to join you. You're basically making money out of these poor people. I say, traders tend to know how to trade and make money by trading btc with altcoins and vice versa. And this kind of schemes is eventually known to many so they already avoid this kind of action as it was only lucrative at first then will persuade you to upgrade your membership and will send you the wrong signals at the end pretty much making you the victim as well. Good look losing your money

I constantly see user reviews regarding certain signals in the trade.  The reviews are constantly negative and therefore I never pay attention to any information that predicts a big profit for me.  It’s better if I myself lose time studying the market and draw my conclusions and forecasts of the results of my activities, but I won’t give you the opportunity to easily steal money from me thanks to fraudulent signals.
hero member
Activity: 1876
Merit: 721
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This is the old pump dump system group. First manipulate the price and give the signal to the group. So that the holding shitcoin can be sold to group members. You dump your shitcoin to your member! Nice game....!  30-40% profit only you earn. Because the pump dump game is played by you. Do you get peace by scamming the money of innocent people? For a manipulator like you, the crypto market faces many problems.Newbies joined such group and lost their hard earned money.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
I'm not sure of what strategy we have to use cause in my case and I think that most of us here are used to convert altcoins to Bitcoin which it looks more profitable and idealy be the best way.

The question is, are desperate enough to think of selling you bitcoins for altcoins? We know the capability of Bitcoin, in fact, this coin is dominating the market and as well as consider the best crypto for investment. I'm surprised why you have to it.
Bitcoin itself is a good investment, you may get a huge profit even you will not convert it in altcoins, but still the decision will be on the trader who has the money. If you bought altcoins last week like eth then today you  will get a 9% profit when you sell it today . Little amount can have a big impact soon. So better to put 70% in bitcoin and then 30% on altcoins if you want.
I have to give respect by then but it won't disappear in my mind how OP think of selling his bitcoin for Altcoins. Believing that how Bitcoin keeps dominating the market in price and demand, I couldn't think how we become profitable with altcoins more than a thing that bitcoin can do.
hero member
Activity: 1372
Merit: 564
I'm not sure of what strategy we have to use cause in my case and I think that most of us here are used to convert altcoins to Bitcoin which it looks more profitable and idealy be the best way.

The question is, are desperate enough to think of selling you bitcoins for altcoins? We know the capability of Bitcoin, in fact, this coin is dominating the market and as well as consider the best crypto for investment. I'm surprised why you have to it.
Bitcoin itself is a good investment, you may get a huge profit even you will not convert it in altcoins, but still the decision will be on the trader who has the money. If you bought altcoins last week like eth then today you  will get a 9% profit when you sell it today . Little amount can have a big impact soon. So better to put 70% in bitcoin and then 30% on altcoins if you want.
hero member
Activity: 1400
Merit: 674
Groups of pumps and dumps should be caught as this is a serious problem in the cryptocurrency. You don't take advantage of pure market movements, but you manipulate a whole market to your own will and bait people to join you in the rise. I wouldn't call it clever or creative, but rather illegal, depending on where you are. That's why I have never participated in those. It's pretty much stealing.

cannot be prevented because this also happens on platforms outside the crypto market. Such speculative methods still cannot be linked to illegal actions because anyone can do it, the exchange parties also don't care because the most important thing is to monitor the volume increase, it's better not to know too much because it will get addicted and cause loss.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
I'm not sure of what strategy we have to use cause in my case and I think that most of us here are used to convert altcoins to Bitcoin which it looks more profitable and idealy be the best way.

The question is, are desperate enough to think of selling you bitcoins for altcoins? We know the capability of Bitcoin, in fact, this coin is dominating the market and as well as consider the best crypto for investment. I'm surprised why you have to it.
sr. member
Activity: 742
Merit: 397
Groups of pumps and dumps should be caught as this is a serious problem in the cryptocurrency. You don't take advantage of pure market movements, but you manipulate a whole market to your own will and bait people to join you in the rise. I wouldn't call it clever or creative, but rather illegal, depending on where you are. That's why I have never participated in those. It's pretty much stealing.

It is a normal thing and we cannot deny it. The pump and dump groups are always there and they want to maximize their power to create profit for themselves while fooling other people from the market. The best way that we can avoid that is through avoiding the unpopular cryptocurrencies in the market because that is where they try to do a pump and dump because they know that the certain cryptocurrency doesn't have a lot of volume and they can easily create fake chart movements.
hero member
Activity: 1022
Merit: 521
many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.
Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices

That's how the whales are making money and it always been like that, FOMO people will be their target and even the experienced traders is also able tricked to their bull trap because sometimes they're not just pumping random coins, but coins with many people's analysis that gonna pump, they pump it so it looks like a real bull run but then they will dump it again
In this condition the better solution is that whenever we invest in a coin then we do not ask the help from a single person/trader or a group of traders from a single community. We have to do our overall research and have to see that how the developers of a project are working. We have to look at their past activities that if they have scammed anyone in the past or not. If they are proceeding with full faith and trust them invest in that project which will benefit you.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.


Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices
And yet many newbie traders keep falling in their scams despite our warnings, I know that since they are newbies we should not expect from them that they know every single way in which scammers may take advantage of them, but it could be nice if they stopped for a moment and read the warnings of people that have more experience in the market, and even when they do instead of listening and be grateful they were given sound advice so they do not lose their money they still invest in those scams thinking they know better than us.
sr. member
Activity: 1022
Merit: 252
many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.
Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices

That's how the whales are making money and it always been like that, FOMO people will be their target and even the experienced traders is also able tricked to their bull trap because sometimes they're not just pumping random coins, but coins with many people's analysis that gonna pump, they pump it so it looks like a real bull run but then they will dump it again
hero member
Activity: 2478
Merit: 512
Leading Crypto Sports Betting & Casino Platform
many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.


Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
It's just another group of scamming people with alt pumps. The only one that has this group's benefit is the one that gives signals. I assume that such a group has another premium category, the people who have already purchased the alts in advance, and then share it with the public group to raise the price. You're good if you've followed their signs and not purchased at the peak, but what if you're the poor souls purchasing at the peak and then the members dump the price as they've reached their goal. Unfortunately it's not a good way to make money.
This is a good method of trading. Actually it is to be learnt with time. Group trading is only beneficial when you have skills to analyze the moves of your fellow partners or in other words keeping a track of their buying and selling. This helps you to find out exact time for exchanging your coins and to hold them within your wallets.
No, it is a terrible idea because there is nothing to analyze, you are just gambling that you are going to be one of the first to buy the coins and you will be one of the first to get out as well, in many countries this is illegal and even if you are one of the lucky ones to earn money out of this, will you be able to sleep knowing that the money you got was the result of a scam? Besides such results are not going to be sustainable and the next time you try this you will lose all your money anyway.
sr. member
Activity: 420
Merit: 250
Many people think the same way and how keeping bitcoin right now is a better investment but what many forgetting is that eternal advice of finance is to never put all your money into one thing.

I mean you shouldn't even keep all your money in bitcoin neither, should have commodities like gold and silver for example and then some foreign currencies then your own nations money to diverse fiat and also invest into stocks with crypto as well, if you do all of this in a basket of financial investments there is rarely anything that could ruin your finances.

Now aside from that you should also look into having many cryptos as well, mainly bitcoin is fine but never underestimate some of the other currencies like ethereum, eos, bnb and litecoin, they are decent as well and deserve a spot.
Just holding only I think not give benefit as investment way for bitcoin and altcoin investing because most profitable when we make our assets as way for trading where we can increase value earning with our assets in altcoin way, many altcoin can give much profit whit higher price and take moment which one best way to get profit whit trading.
legendary
Activity: 2338
Merit: 1124
Many people think the same way and how keeping bitcoin right now is a better investment but what many forgetting is that eternal advice of finance is to never put all your money into one thing.

I mean you shouldn't even keep all your money in bitcoin neither, should have commodities like gold and silver for example and then some foreign currencies then your own nations money to diverse fiat and also invest into stocks with crypto as well, if you do all of this in a basket of financial investments there is rarely anything that could ruin your finances.

Now aside from that you should also look into having many cryptos as well, mainly bitcoin is fine but never underestimate some of the other currencies like ethereum, eos, bnb and litecoin, they are decent as well and deserve a spot.
legendary
Activity: 1568
Merit: 1041
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Looking at the profile of the OP, he/she didnt come back to the forum or did anything other than marketing a discord channel. It might be his/her channel to get more members for future pumps.
Never trust these groups or telegram channels, they just try to manipulate the alt market and get their money doubled.
Until now I have never joined a variety of groups or Telegram channels that provide trading signals because I think it will only waste time. I just become a daily trader at Binance, I like trading there because it provides lots of Altcoin so that we can easily choose good coins to exchange.

I didn't know that these social groups for trading signals happen. Well it's not worth my time anyway to socialize a lot in these groups adding up my full-time job, so it's a meh for me now. I'll just hodl coins like the usual strategy.

It's not really worth the trouble and time following these groups. More than likely, by the time you buy into whatever coin it is they're shilling on there, it will already be at the new high and you'll end up having to sell for a loss. The coins pump whenever they release the name of the coin to their group for people to buy. So unless you somehow manage to be one of the first people to get in, you're going to have a hard time selling for a profit.
sr. member
Activity: 1792
Merit: 264
This way may be not work for long but yes we can earn from exchanging Bitcoin to altcoins.There is a term called ARBITRAGE TRADING you buy a Bitcoin from one platform withe cheap and exchange the coin to another platform where it trading high pair.

The Arbitrage trading also need enough knowledge to know about the trade fees and the transfer fees so before doing this must analyze that are you earning more than you you invest after the deduction of fees.

Tiring trading like that, where we have to jump around on every exchange platform, moreover it requires a fairly fast time because of the movement of the high-volatile crypto market. If I become an @OP it is better to focus on trading on one platform while understanding and learning charts.
besides tiring of course we must be keen to compare the price of coins on each platform in order to get benefits. I think this method is quite complicated because market price movements can change quickly, and it is possible that when we buy coins on other platforms at a low price when transferring coins that we have bought on different platforms to sell related coins, in reality the coins are experiencing a decline . of course the trade we do is closer to a loss and does not produce anything
legendary
Activity: 2758
Merit: 1228
Most of altcoins are not worth investing this times to be honest. Better just buy and hold btc, this is what could be the most profitable in my opinion. But if you want to trade altcoins, you can visit CoinDeal. As I see there is a huge variety of altcoins. I buy btc there. Fees are okay, deposits in some currencies are free of charge.

Yes you have rightly said that now is a good time to buy and hold bitcoin also to increase the value of this currency by grouping many of CoinDeal's groups to make big gains from Bitcoin exchange. Often there is no guarantee that these groups will work.

Most of the time people tell that this was the perfect time to buy since they are in shock with the little pumps coming these days but actually the buying decisions depends on us since we are the one who evaluates the flow of the market and also I don't really rely on groups although they are helpful but not consistent at all since provably you will not learn to trade on your own since you will just wait for the signal given by them.
sr. member
Activity: 1204
Merit: 270
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Most of altcoins are not worth investing this times to be honest. Better just buy and hold btc, this is what could be the most profitable in my opinion. But if you want to trade altcoins, you can visit CoinDeal. As I see there is a huge variety of altcoins. I buy btc there. Fees are okay, deposits in some currencies are free of charge.

Yes you have rightly said that now is a good time to buy and hold bitcoin also to increase the value of this currency by grouping many of CoinDeal's groups to make big gains from Bitcoin exchange. Often there is no guarantee that these groups will work.
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