Topic: How Traders 'pump And Dump' Cryptocurrencies (Read 501 times)

Well they have to have sufficient number of btcs to move the price. Aside from whales, some telegram groups make use of their members to pump or dump a coin. They take advatage of people who are too lazy to make their own studies

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I also heard it, the most responding Exchanger with this issue is bittrex.
at that time bittrex locked fake accounts coming from different countries to prevent price manipulation by pump or dump.

Of course big whales traders do it but it is a good for us, and also you and me, not a big whale but we are also a part of this game, and we also do it when bitcoin price pump then we sell our bitcoin and make profit and when bitcoin price dump then we buy the bitcoin. So enjoy this up and down and make profit in this wise, and now bitcoin pump is starting and it will be chanced for us to make profit from it.   

There's a exchange for example BIttrex Binance HItBTC Bitfinex etc, and theres alts and BCT there and a person put fiat or BTC and they exchange for altcoins.

if you discuss the pump and dump for cryptocurrency it seems that it will bot you loss and make you as their slave telling you to buy the coin they announced. better self-confidence and self-analysis of existing conditions and graphs.

PumpKing Community." It is one of many groups on the messaging app that appear to be dedicated to "pump and dumps" — coordinated buying that artificially inflates the price of cryptocurrencies, in the hopes of attracting outside buyers to then "flip" the currency onto at a profit. Other Telegram groups include Pump.im, Crypto4Pumps, We Pump, and AltTheWay.
Cryptocurrency markets remain largely unregulated and so these schemes aren't technically illegal — yet. However, the same schemes are illegal in the regulated markets that cover assets like stocks and bonds.

Of course they do that.the whales have enough investments to play with the market.
when they want to dump a coin they sell some of their own , and to pump a coin they make some buy wall in market.
other people work as they want.

Admins getting more prices and the others don’t get such profit, I don’t think so this is right. I don’t know much about this forum and how people are getting profit here, but what I believe bitcoins are open to everyone and anyone can get as much profit as he wants, just the best efforts to put and wait for good words. But definitely I can be wrong. All those who deals with it better know.

When you intend to control something you need to access it. And this access must be more than a normal access to every other person related to this thing. Like in case here, bitcoins are public, no one is controlling them, and still they are emphasized by the effect of whales in this market. Whales are always trying to grab the market under their own way, but definitely they can’t make it up.

Not a surprising thing which you can eventually find lots of this telegram groups which do claim to be pump and dump groups but actually they are just using out new people to buy those already pumped coins and then suddenly dumped down and leaving those new users behind on losing up money. Its not really legal in any sense since its just like a swindling for me but we do know this cryptoworld where anything cant really be easily to traced up.

The traders who has lots of stakes with them are very influential has the ability to do this kind of stuff and it required lot of power and risk.

I saw many telegram groups for this, is it even legal?

A decent article and thanks for sharing it here in the forum.

Groups that pumps and dumps. Sure, they do exist but it doesnt mean we have to go with it too.
At the end of the day, they all not work and somehow you will be left at the end to trade which makes it a lost. You need to be always updated by them and sometimes it means to not sleep.
I will still prefer my own instinct which is still working up until now.  Advises are good but you will be the one to decide.

I must say that pump and dump groups are one the worst things that could ever happen to you unless you "actually" know what you are doing. If you are a beginner and if you are thinking to join one of these channels/groups to make a good profit in crypto then I will advise you not to. First of all, it's not trading it is manipulation. I have lost quite a goof amount as a newbie in crypto which is why I stay away from it and advise others the same. But if you are an expert and what to play around with it and if you know what you are going to do then you can try your luck with it. Not to mention that you will loose your money if you are a minute late in the pump.

Sure that admins make the highest profit here, they buy on dip and they sell on top, everyone else buy and sell in the middle. The ones who are close to admins are the next in line, and how you say more far from admin less profit it is, and until the end of the line people are short. No one lose everything here, people invest 100 dollars and get out with 70, they think they were late and they watch carefully for next signal.
There are too many pump and dump groups, with so many followers. You don't need a trading bot, you need to be close to your lap top and ready for action. I tried to follow some pump and dump group couple times with some little investment but I didn't have good results, but I believe that some people earn good money on this, some, while others lose, but its like that in everything else.

This pump and dump is somehow a preplanned thing and the ones who are planning such kind of thing holds a major portion of the crypto market and that is why they manage to make such kind of decision. At time they want the market value to go down, they start selling their crypto coins which result in decrease in the demand as well.

At time they want to make more money, they start buying more number of coins and ask more people to come and invest in it.

Pump&Dump strategy is actually not so bad idea. Question is, wants the admin of the group do huge manipulation, or he can only take money from the group members. I'm looking for some members to try difficult way - really to manipulate the price on some trashcoins, not for 3 minutes, but much longer. Only one problem is - it should be hundreds of alive members to do such thing, because we have not enough money...

I recently had a little look into the Pump and Dump world - needless to say, I am not en-Lambo'd after it.

I posted my experience on the Beginner board, but it seems relevant here:

https://bitcointalksearch.org/topic/m.29604774

H.

there are SO MANY of these scamming pump and dump groups out there now its ridiculous how gullible and desperate people are.

These telegram channels have 2000-100000+ members in them all eager to buy whatever they are told. These groups always know the coin way ahead of time and
will buy it much earlier. On top of that they want your BTC (a lot) for 'VIP' or 'Premium' membership BS where you are now going to get the signal ahead of the rest
of the group and they also encourage you to spam the shit out of the group so you can 'Level up' as an affiliate to get an upper hand.

Obviously the ONLY one benefiting is the admins here, a few might get lucky and be able to buy and sell when the announce but it is far more likely
you will not buy in the low in time and will be stuck with a worthless coin at a loss. I don't know how these people fall for it or fork out .5 BTC to some random ass on telegram or why this world is filled with so many
asshole scammers that just seem to love what they do.

Anyways rant over. There are 'Some' groups that give decent short/mid term signals that can be profitable.

There was a video on how best to execute pump and dump trades on cryptopia:
https://vimeo.com/250201759

I think you really need a bot / trading program to have a chance at this with sliding scale profits and auto buy/sell orders ready.