Pump and dumps? No Just No | Bitcointalksearch.org

rbt

full member

Activity: 266

Merit: 101

Quote from: Ninja Sword on January 26, 2018, 02:43:12 PM

Quote from: Herbert2020 on January 26, 2018, 02:57:40 AM

as long as there are newbies too desperate to make money using cryptocurrencies and too lazy to learn how to do it, there will be other newbie scammers out there wanting to make easy money by using these people. and nothing can be done about it. there are lots of newbies pouring in this market. all of them coming in because of bitcoin but since there are lots of FUD scaring them away from bitcoin (the real deal) and into altcoins (the fake advertisement) so they think they are catching something valuable which will be worth as much as bitcoin one day.

I fully agree with your placement, am not in favor of bomb and dump and much less practice in constancy, but sometimes we have investments in certain currencies where we do not even know these intentions, but because of luck and knowledge we can surf the wave and make a good profit.

Pump and dump gives crypto a bad name and scares away newcomers. The first time I experienced a classic p-n-d was with a token I received from an airdrop and being a newbie I didn`t realize what`s going on... I was ecstatic seeing the price surge 20x, I spent hours reading in the Telegram group and at some point common sense won and I started to dig deeper on the white paper and the team. I ended up selling some of the tokens, but I felt sorry for the people who actually invested their money. A very simple advice for newbies: just stay away from the Telegram groups where you see "mooning", "lambo" Wink

Ninja Sword

member

Activity: 176

Merit: 10

Quote from: Herbert2020 on January 26, 2018, 02:57:40 AM

as long as there are newbies too desperate to make money using cryptocurrencies and too lazy to learn how to do it, there will be other newbie scammers out there wanting to make easy money by using these people. and nothing can be done about it. there are lots of newbies pouring in this market. all of them coming in because of bitcoin but since there are lots of FUD scaring them away from bitcoin (the real deal) and into altcoins (the fake advertisement) so they think they are catching something valuable which will be worth as much as bitcoin one day.

I fully agree with your placement, am not in favor of bomb and dump and much less practice in constancy, but sometimes we have investments in certain currencies where we do not even know these intentions, but because of luck and knowledge we can surf the wave and make a good profit.

Herbert2020

legendary

Activity: 1946

Merit: 1137

as long as there are newbies too desperate to make money using cryptocurrencies and too lazy to learn how to do it, there will be other newbie scammers out there wanting to make easy money by using these people. and nothing can be done about it. there are lots of newbies pouring in this market. all of them coming in because of bitcoin but since there are lots of FUD scaring them away from bitcoin (the real deal) and into altcoins (the fake advertisement) so they think they are catching something valuable which will be worth as much as bitcoin one day.

silent17

full member

Activity: 420

Merit: 119

The only one who profits from this modus is the one who initiates the pumping, for those that will participate in this people will tend to lose some money.
Don't fall from this, only greedy people fall for this modus.

onioncoin4

newbie

Activity: 38

Merit: 0

yes not getb in to this. i know one of my friend who lost almost 5000 usd . so be carefull. invest wisely

fitzzz

full member

Activity: 364

Merit: 100

pump and dump groups are dangerous and you could lose. they are going to signal a particular coin but they buy it on the lowest bid. after that they signal on all channel they have that particular is going to be pump... then boom after they reach there desired profit.. dumps happen.. so please staw away from this modus..

woolm110

newbie

Activity: 82

Merit: 0

Couldn't agree more, if the coin isn't backed up with decent tech then its not worth getting into, do your research before buying!

Prodigan786

sr. member

Activity: 434

Merit: 250

Even I am also not supporting pump and dump strategy because I got bad experience with this strategy . Also it’s dangerous to cryptocurrency growth . Now I am investing huge time before involving into any projects . Don’t support this pump and dump group for long time vision for crypto currency . If you become greedy to support this group then you will end upto supporting killing cryptocurrency.

fxstrike

member

Activity: 238

Merit: 40

First Payment Gateway using GoldBacked cryptocurre

They have hierarchy system and to climb to the top is very difficult for example bring 100 new people to join in, those on the top decide when, what and how high pump should go, they will announce higher price target but set their target probably around 70% of the target, they will announce to the regular member after they already pump the price if you go and buy you are buying their dump

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Sarzy15 on January 26, 2018, 01:44:56 AM

Nothing beats sitting down, doing the research and finding undervalued projects yourself.

True, this is why DYOR is the best thing to do. This may be annoying to read if you are only a starter in cryptocurrencies but later on you'll thank the person that keeps on telling this although it's truly annoying. Crypto is exciting if you are starting out and don't get feed up by someone if you can do the thing called "research". It's not bad to ask but joining such groups that are requiring you or telling you what to do buy is getting your freedom on how to be a good and experienced trader.

IgorShumilo

full member

Activity: 518

Merit: 105

In fact, in this multiply participate, but carefully, the main thing is not to buy already on the top and not to use your entire portfolio. Approximately 5-10 percent of investments are quite suitable for such events! The main thing is to go to it wisely!

creativemindsid

newbie

Activity: 4

Merit: 0

Yes please do stay away from pump and dumps nothing beats the organic growth. Do with your own research mix fundamental analysis and technical analysis if you know some basics check the total market capitalization of the whole crypto world and bitcoin dominance percentage as well. And Don't forget to invest what only you can afford to lose.

Nivelir

full member

Activity: 588

Merit: 100

Of course participation in these processes is quite a dangerous activity, and if you take part and yes even more simply do not understand that you are taking part, it's probably just some incredible situation. Of course it will not lead you to success.

Sarzy15

jr. member

Activity: 35

Merit: 1

The old "pump and dump"

For your own sake please don't get involved in these.. You will be buying the dump.

The biggest unofficial one that springs to mind in my eye is Palm Beach Confidential.

Some known influencers are now walking a grey area currently, one being John McAffee with some questionable calls of late.

Nothing beats sitting down, doing the research and finding undervalued projects yourself.

Topic: Pump and dumps? No Just No (Read 167 times)