Hey folks!
Out of curiousity, I've been trying out the pumps organized by Fairpumps.net and felt like sharing my experiences! Before going into detail, I'd like to point out that I'm not part of their inner circle, I've only taken part of the public pumps organized on Tuesdays and Thursdays. If you feel like trying it out for yourself, do so at your own risk, and only pump as much money as you can afford to lose. I do not guarantee success, nor do the organizers!
Where and when does it usually happen?Exchange:
Bittrex exchangeEvent: public // Classic Proof Of Fair Pump
Date: Thursday, 23rd MAY 2017
Time: 5pm EDT (10pm BST/London, 11pm CEST/Berlin)
IRC: details about IRC will be released 2h before pump
What is pump and dump?“Altcoin pump and dump” is the method of market activity our investment group is based on. It attempts to boost the price of a specified altcoin. Profits can be made by selling the coin on this price peak. As soon as the coin of interest is announced, every member of our group buys a certain amount of it as quickly as possible: The price will rise heavily during the pump. As soon as you are satisfied with the coin’s price, you are free to sell of your coins for a higher price than you initially invested.
My experiencesI took part during the pumping of EBST last week, which had about 250-300 people in the IRC. The pump was moving nice and slow. While it wasn't as huge as they usually are, I still managed to make a nice gain, which I am attaching a screenshot of. The way they do it is having an announcer bot run and announce when a new hash of DogeCoin is released. The pump happens ten hash after the initial announcement. One hash before the last hash, they release a list of coins that potentially could get pumped. When the last hash is released, the first letter/number of the hash decides which coin gets pumped, and everyone buys as quick as possible to drive up the prices.
Anyway, here are my gains:
http://imgur.com/a/vbD5RBut don't forget, every time there are winners, there are losers as well, so only play with money you can afford to lose! If you feel like playing with some minor cash, feel free to try at
http://fairpumps.net/Cheers!