Such groups of artificial pump and dump will only affect negatively to cryptocurrencies market and decrease trust of people in it. Because it is not fair. I hope that the situation will improove with increasing of regulation.
Virtual achievements will always be for virtual results. Even if it is real, it is not sustainable in the natural market. That will affect the community of investors who will lose confidence in the market. Just because the market is civilized and pure is only so the money market will be strong. 
Topic: Pumping and Dumping (Read 368 times)
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?
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 get invites too, bought I do block them. it is harmful and unholy to be involve in what will destroy my fellow humans. I prefer a natural cause of event. Organic growth is always better than sudden pump. Am careful not to enter a trade at peak, so I do not get burnt, do not want to see my little change evaporate.
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?
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?
Government will not be taking care of those groups because no matter how many bans they will make, people will still be just creating more and more groups about cryptocurrency.
Well getting people informed is probably one of the best ways to counter these pump and dump groups. Because let's face it, those that don't know much about the market are the people who usually gets caught in these pnd groups. People who looks to make easy quick profit without making efforts in studying and researching
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?
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?
Government will not be taking care of those groups because no matter how many bans they will make, people will still be just creating more and more groups about cryptocurrency.
Well getting people informed is probably one of the best ways to counter these pump and dump groups. Because let's face it, those that don't know much about the market are the people who usually gets caught in these pnd groups. People who looks to make easy quick profit without making efforts in studying and researching
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?
Well, they do really know that what they're doing is dangerous to the cryptomarket and it does cost many people to loose some funds. Oh yes indeed they can be caught but it might be very difficult to trace them to know those actually doing that. Maybe someday some regulation might come that may help prevent those activities. 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 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?
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?
Government will not be taking care of those groups because no matter how many bans they will make, people will still be just creating more and more groups about cryptocurrency.
Glad that most agree with me on this and I do agree that the governments probably won't regulate it
It's very sad to hear you say that. I hope you can bear the weight of karma on your head. Unfortunately, this is inevitable. There are 2 sides, Black and white; Yin and Yang; Good and evil; Victory and LOSS; heads and tails; etc.This is life, let those whom you have offended or offended you be forgiven.
A pump and dump scam is the illegal act of an investor or group of investors, they will be tracked down one day and arrested for that, if cops manage to find them. It`s easy to understand how pump and dump group work, they investing together large amount of money, following with promoting project and it`s potential, when price rise enough they start to dump and new people who buy at this high price will lose their money in minutes as price dropping with incredible speed.
Pump and dump is not something new, that existed long before crypto market! Just crypto market as new technology is more submissive to pump and dump.
Personally I don`t like this groups, that is ugly gambling game where you need to cheat your opponents in order to make profit. I say gambling because you need to start buying on bottom what is almost impossible, owners of the group do that first and start pumping before others, when it comes selling at top that is also impossible, owners do that before others. Ugly gambling game because you never know where are you in that chain, you are risking with buying and risking with selling.
Pump and dump is not something new, that existed long before crypto market! Just crypto market as new technology is more submissive to pump and dump.
Personally I don`t like this groups, that is ugly gambling game where you need to cheat your opponents in order to make profit. I say gambling because you need to start buying on bottom what is almost impossible, owners of the group do that first and start pumping before others, when it comes selling at top that is also impossible, owners do that before others. Ugly gambling game because you never know where are you in that chain, you are risking with buying and risking with selling.
Only a few accurate predictions from the group. usually the group is looking for members who have never traded to make members follow orders to buy or sell crypto.
I'm not too sure about the group because it only creates fomo or fud members or is affected by commands from that group. I better analyze myself in terms of trading crypto.
Such groups of artificial pump and dump will only affect negatively to cryptocurrencies market and decrease trust of people in it. Because it is not fair. I hope that the situation will improove with increasing of regulation.
This is true and it also happens that some coins which they dump actually never rises form their on as real investors who had burnt their hands will never invest in such coins or they fear that such coins are not worthy and may never even invest going forward.
Such groups of artificial pump and dump will only affect negatively to cryptocurrencies market and decrease trust of people in it. Because it is not fair. I hope that the situation will improove with increasing of regulation.
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?
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.
You were right to say that there are risks and drawbacks in every direction. Unfortunately, this is the way the currency world works. Some sell others buy. Someone buys expensive, and someone sells cheap. It's very hard to guess which side you or I will be on. little-known coins will Pump and then collapse, either rumors or bots. We have to accept that fact. All exchanges use this scheme, which is why there are UPS and downs in seconds and minutes. Just recently there was a case with a little-known coin in Binance. For a minute raised to 96 Bitcoins per coin and then brought down the price to 0.0001 BTC
The market cryptocurrency we can say still young, so we will not be weird to know that. Pump and dump will always exist because assuming doing so will benefit greatly.
By law now we have to accept that happens, because until now many governments are still indifferent against market cryptocurrency.
However, for a scam problem that now has a lot to happen should need a serious handling, because it will affect the bad image of cryptocurrency. And cryptocurrency needs a special agency to handle the problem.
By law now we have to accept that happens, because until now many governments are still indifferent against market cryptocurrency.
However, for a scam problem that now has a lot to happen should need a serious handling, because it will affect the bad image of cryptocurrency. And cryptocurrency needs a special agency to handle the problem.
Dump is not going bigger in the market mate. Now all the crypto currencies does not have the dump face so please check price trend and invest on the favourite coins which you like to invest on it bro. More dumped coins in the market means you can find the Waves, NEO, Monero and Ethereum are most dumped coins.
Bumped coins means you can check the EOS and Vechain seems bumped super sonic this year mate.
The market cryptocurrency we can say still young, so we will not be weird to know that. Pump and dump will always exist because assuming doing so will benefit greatly.
By law now we have to accept that happens, because until now many governments are still indifferent against market cryptocurrency.
However, for a scam problem that now has a lot to happen should need a serious handling, because it will affect the bad image of cryptocurrency. And cryptocurrency needs a special agency to handle the problem.
By law now we have to accept that happens, because until now many governments are still indifferent against market cryptocurrency.
However, for a scam problem that now has a lot to happen should need a serious handling, because it will affect the bad image of cryptocurrency. And cryptocurrency needs a special agency to handle the problem.
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, I think those who do dumping and pumping are those who damage the price of crypto on the market and they are the cause of crypto to be untrustworthy because of the volatility of the price they make 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?
If a coin's only value comes from the pump & dump, why even bother with it to begin with? There is far too much legitimate opportunity out there to waste our valuable time on something so unworthy of either our time and/or attention.
As for Gov'ts cracking down on the pumpers & dumpers... Good Luck with that, ...and don't hold your breaths. These scamsters are seen as a blessing to Govt's and the banking cartels that own them. The more scam artists in the arena, the more justification the Gov't claims for trying to regulate the space. Their aim is to somehow get between us, and the movement of our money, ...and of course take a piece of it, as it moves. They've done a great job of controlling us for the past 105 years, but they are finished. They just don't realize it yet.
As for Gov'ts cracking down on the pumpers & dumpers... Good Luck with that, ...and don't hold your breaths. These scamsters are seen as a blessing to Govt's and the banking cartels that own them. The more scam artists in the arena, the more justification the Gov't claims for trying to regulate the space. Their aim is to somehow get between us, and the movement of our money, ...and of course take a piece of it, as it moves. They've done a great job of controlling us for the past 105 years, but they are finished. They just don't realize it yet.
just wanaa added some info , if you are invited and join them , actually you are the next victim , they ask you to buy it and make fast pump and you just get loss because dont even know what going on
They are actually so little groups besides the real big threats, they are not simple pump and dump schemes, more planned ones. I don't think government will care about pump dump groups
It is really quite pathetic and frustrating to know that as the cryptocurrency markets is trying very hard to still win the hearts of good investors and gain credence, some are out there to spite this with their narrow minded definition of just dumping and pumping the markets. Hence, it is looking out to be a game and somewhat a ponzi.
I do hope a means will be made soon to checkmate this loophole of the cryptocurrency markets.
I do hope a means will be made soon to checkmate this loophole of the cryptocurrency markets.
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?
pumping and dumping is a piece of instability on bitcoin so its all the more great on the off chance that we enter in a universe of crypto with a considerable measure of learning since entering in digital currency with no information will cause to you to misfortune and you will lament and yes cryptographic money is an extortion compose due to the control by all whales so yet when plunges not when the cost is too high. 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 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?
pumping and dumping is a part of volatility on bitcoin so its more good if we enter in a world of crypto with a lot of knowledge because entering in cryptocurrency without any knowledge will cause to you to loss and you will regret and yes cryptocurrency is a fraud type because of the manipulation by all whales so but when dips not when the price is too high,. 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 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?
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 think that government cant do anything about cryptocurrency groups because even though facebook ads about cryptocurrency has been removed, people are still continuing to advertise ico's and talk about bitcoins.
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?
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 I agree I agree with you, there should be action from the government but when the government also has agreed to be legal, I think the government will crack it, but with a detailed and clear economic study, may be useful and successful for all of us
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?
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?
Well sounds closer on what I've had invited too wayback,but i leave because of being unfair maybe this is the time for the managements same as the corresponding government to bond and stand as one making this community manipulation free.so please do something about this before its too late
Both pump and dump are very wrong to the survival and appreciation of cryptocurrencies. It makes a lot of people to loose confidence especially the new entrants into the crypto market. Most pump and dump schemes are perpetrated by those scam coins or tokens whose developers just want to use in getting money quickly and forgetting the project. The government does not necessarily have to crack down on them as it might not really be possible to identify the particular persons, it somehow depends on us to avoid such strategies.
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?
What they do is really unacceptable and really hurts people who are trying to earn money from cryptocurrency. They do what they want to be able to gain benefit only for their selves and really unfair for some innocent and hardworking people who are doing their best to earn from crypto. Hope they could be stopped. 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?
ignore them they are just looking for profits from people who follow the grop. you better learn to analyze yourself and see the comparison of predictions of friends of others
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?
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 think I've seen a thread like that in this forum too. I think profit is the only thing in their head, human never learned that greed is the root of evil.
Such groups are viruses that are very dangerous for all crypto users, harming many people in a cunning and greedy way, for now we have no power to follow up such bad people, where the government is not very pro against cryptocurrency, whatever they will certainly have time to follow up and deal directly with the government, I am sure it is, do not keep a dirty hand in it because it is more sacred than their behavior.
I don’t think government can help us with that one. It’s not even under their jurisdiction and thus outlaws their inference with the crypto crimes or illegal activities like that. May be this sort of things can only be stopped if people get awareness of what they are doing. I mean people are just making money with it but they are distracting the investment to wrong side at the same time. Hence I belive only self awareness can stop such things and that is also very much difficult I guess.
The government will not do anything about those groups considering that they are in chaos about how they can implement and approve the use of bitcoin in their country in a way that they could also gain something.
Members of that group know it but they don't care as long as their making decent profits.
Members of that group know it but they don't care as long as their making decent profits.
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?
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?
Why the hell government will even operate to that deep level ?
They have no relation with the activities that happens within the crypto space as we ourselves are giving it name of unregulated and decentralised environment.
As long as it doesn’t concern to the financial institution it won’t be problem for the government. The pump dump groups and stuff like that is like local crime and you are asking for the military to take charge of it.
The government will not change anything. The crypto market is so interesting that there are constant leaps. Crypto currency will become unnecessary when it is stable. For what is BTC needed if its price is always the same?
Well anyone can has freedom to actually join the pump and dump groups as long as you can profit that is nobody's problem I guess. The government will never interfere such action as its even happening in stock market. That is also the reason why some traders in stock market kill themselves after they lose a life savings. Never heard of someone kills themselves in crypto so I hope this doesn't happen.
Crypto dumping and pumping done by artificial manner is worst case scenario that can be seen in the crypto space and there is no way to change it because of decentralisation. The decentralisation is the cause which overlooks this problems, you cant control it and you cant really know whose doing what at what time. Though you know there exists such groups and you can literally join them and work with them but you cant do anything about them because most of the people are greedy and wants to earn quick bucks and thus they will never argue about it at all. May be it is non ending thing for sure.
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?
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?
Why the hell government will even operate to that deep level ?
They have no relation with the activities that happens within the crypto space as we ourselves are giving it name of unregulated and decentralised environment.
As long as it doesn’t concern to the financial institution it won’t be problem for the government. The pump dump groups and stuff like that is like local crime and you are asking for the military to take charge of it.
The government will not change anything. The crypto market is so interesting that there are constant leaps. Crypto currency will become unnecessary when it is stable. For what is BTC needed if its price is always the same?
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?
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?
Why the hell government will even operate to that deep level ?
They have no relation with the activities that happens within the crypto space as we ourselves are giving it name of unregulated and decentralised environment.
As long as it doesn’t concern to the financial institution it won’t be problem for the government. The pump dump groups and stuff like that is like local crime and you are asking for the military to take charge of it.
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?
Governments of america is now unto this situation,i believe they are forming an investigation team to focus on this manipulation that has been being the reason why many peple loss their trust on this community,hoping with this manipulatio will stop and the people behind this will be put behind bars 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 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 governments will crack on those groups?
The government cannot do anything about this ass al the cryptos are decentralized and anyone cannot control it. They are doing this work with a massive number of participants and most of them will manipulate the market when every they want. But Most of them are fake pumps and dumps for sure as per my experience.
Do you think that the people in those groups know that they're hurting the cause more than anything?
They know they are manipulating the market and they are doing this for their own profits they don't care about other investors of crypto for sure. Don't trust those guys, they will dump their token the first before you can. There are few here in bitcointalk that have been sending PMs about making you invest to some token tell you its going to rise to more then 200x. I have received this kind of message but totally ignored it. The message make sense though, one guy told me to keep an eye on DCR because its going to be added on houbi and okex today and so on. But once you get in, that's the time they may be dumping too.
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.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?
Most of the bump and dump groups are scams so they are scamming themselves and trapped by whales sometimes and lose their money.
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.
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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. 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.
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?
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.
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?
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.
~
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. ~
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.
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.
When enough people start to use crypto currency and the volumes becomes larger, these groups become obselete.
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.
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.Do you think that governments will crack on those groups?
It will be hard.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.
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.
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?
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.
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? 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 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?
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.
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?
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.
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?
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?
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