Pumping and Dumping - page 3. | Bitcointalksearch.org

semobo

full member

Activity: 1498

Merit: 146

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

First of all governments don't have any business with the decentralization so don't expect them to save us from being scammed.
Most of the bump and dump groups are scams so they are scamming themselves and trapped by whales sometimes and lose their money.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

The government will take action against the group/ comunity if they get rewards from users of cryptocurrency in their country, but if not, they will be indifferent to the problem. To get a profit they want, they will never to see the pain who felt by users of cryptocurrency, they only care about themselves. We can not do anything about this incident, I think cryptocurrency needs a legal protections to crack down on it.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: breathlessz on July 06, 2018, 10:21:31 PM

Quote from: patz22 on July 06, 2018, 08:49:34 PM

Quote from: shulio on July 06, 2018, 08:25:41 PM

~

I totally agree with your statement. That's right even without this group crypto is volatile. I joined this one channel wherein there sre announcement now and then but haven't paticipated in any since I don't believe in this kind of scheme but see this pumps/dumps are being done as well by whales and I don't think government can do anything about this kind of situation.

indeed whales are toying with the price. at least we can take advantage by following their game. after pumping they immediately throw it away, and big profits are gained

Avoid such groups if you do not want to be part of losing money. Instead for your own benefit in long run start reading and understanding how to pick the coins for long run and if you learn it and implement in life some of the coins you invest now can make you retire rich in your life.

neliawesome

jr. member

Activity: 210

Merit: 1

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

The government will never take actions to those people because in the first place most government is against crypto and we know it already.Then those group of people knows it all if what big damages they made to all the people they scammed.They dont care because they only think to earn lots of money.For them its a great achievement to fooled people and earn money in an easy way.So if I were you do not communicate to those people because theres always an ending in those dirty jobs and for sure it will be worst.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

I am aware about these pump and dump technique, but I guess only the big players could actually do that. These groups can possibly do it, but I'm pretty sure its difficult because there will be a trust issue. Anyway, these pump and dump stuff is a piece of crap, generating profit while the others suffer, this will only make the market worse.
And by the way, government dont give a damn about these people, unless there is a cryptocurrency regulation in a certain place.

breathlessz

member

Activity: 770

Merit: 12

Trphy.io

Quote from: patz22 on July 06, 2018, 08:49:34 PM

Quote from: shulio on July 06, 2018, 08:25:41 PM

~

I totally agree with your statement. That's right even without this group crypto is volatile. I joined this one channel wherein there sre announcement now and then but haven't paticipated in any since I don't believe in this kind of scheme but see this pumps/dumps are being done as well by whales and I don't think government can do anything about this kind of situation.

indeed whales are toying with the price. at least we can take advantage by following their game. after pumping they immediately throw it away, and big profits are gained

patz22

full member

Activity: 1176

Merit: 104

Quote from: shulio on July 06, 2018, 08:25:41 PM

~

I totally agree with your statement. That's right even without this group crypto is volatile. I joined this one channel wherein there sre announcement now and then but haven't paticipated in any since I don't believe in this kind of scheme but see this pumps/dumps are being done as well by whales and I don't think government can do anything about this kind of situation.

shulio

legendary

Activity: 1540

Merit: 1016

Even without these pump and dump groups the prices are very volatile. On the other hand they create a good amount of volume, which is good.

When enough people start to use crypto currency and the volumes becomes larger, these groups become obselete.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

There would come a time when the governments would be chasing these guys down for doing such things. It is illegal, yes, and it's fraud in some way. They let the people know that a certain asset/stock/coin is on fire by artificially pumping the coin only to dump down on the poor ones who bought in at the scam. This should be punishable by law however, it is hard to track these guys down but it is still possible if the exchanges would cooperate. As the market matures, It should be weeded out of bastards so that the market will continue to thrive and people would support it.

livingfree

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Ignore them, they want to add another victim. Many have been scam by these pump and dump groups and they've been taking advantage to the uneducated ones.

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

Do you think that governments will crack on those groups?

It will be hard.

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

Do you think that the people in those groups know that they're hurting the cause more than anything?

They don't care about anything, what's on their mind is to make money out of their scheme. I have a friend that never told me that he's into crypto's but after we talked he said that he lost much money with a pump and dump group so that learned him a lesson.

ICOBountyPrograms

jr. member

Activity: 126

Merit: 4

I'm glad that I'm not the only one that thinks that it's selfish and hurting the crypto world in the long run.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

1. The government's will likely not care, there's not much regulations for cryptocurrencies and there's so much scams in the world in general that it's probably impossible to effectively crack down on it, especially at this age when people do it over the Internet from any country in the world and can create as much fake profiles as they want. It only makes sense to try to catch only the biggest offenders and educate people about scams.

2. Those groups aren't created to benefit participants, they are created to scam them. And the people behind them only care about their own pocket. But you shouldn't worry too much about the public image of cryptocurrencies, every technology has some downsides and risks, but the legitimate use will always outweigh it.

NewCenturyBTC

jr. member

Activity: 423

Merit: 1

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

Are they make this group anonymous?

megaradux

newbie

Activity: 78

Merit: 0

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

Yes. they hurt a lot of us, especially new people.
I was in one. They create twitter accounts and make fake moon calls for random projects. There will be a spike on those coins and people will fomo and buy in. When the prices get to the place they want, they will take profits and dumb on hard on poor people.
It hurted me until I learned I was a victim for that.

ylnar123

member

Activity: 350

Merit: 10

Quote from: ICOBountyPrograms on July 06, 2018, 05:20:51 PM

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

Yes obviously they know that they are hurting the crypto world and the people around it. But they insist on doing such thing for their own benefit. They don't care what other people will think as long as they will earn.

ICOBountyPrograms

jr. member

Activity: 126

Merit: 4

I get invites to pump and dump groups on the daily on Discord. It's unbelievable. Not only is it illegal but it also contributes to the myth that cryptos are scams and extremely volatile.

Do you think that governments will crack on those groups?

Do you think that the people in those groups know that they're hurting the cause more than anything?

Topic: Pumping and Dumping - page 3. (Read 333 times)