Question about pump and dump groups | Bitcointalksearch.org

Svelto

sr. member

Activity: 686

Merit: 257

Quote from: ravid32 on September 05, 2017, 11:59:28 PM

Quote from: quierx16 on September 05, 2017, 11:29:52 PM

Quote from: ravid32 on September 05, 2017, 10:56:41 PM

A lot of people say that they are a scam because the admins buy the coins before the pump and then announce the coins and once the price increases they sell them off while the members of the groups lose money. My question is why can't the members also sell their coins after the increase. A small profit is still a profit, right? You can still make small profit with pump and dump, yes you won't make 100% profit or even when 50% but you'll still make a profit. Please tell me why is my thinking wrong.

well most pump and dump groups turns to be a scam. because you didn't know when they dump the coins. if you smart enough sell it when you gain a little of profit. and don't wait for the signal

That's what I'm saying. Make a profit and sell. Rinse and repeat.

The Pump and Dump take place very fast, you may profit unless you have the ability to be even faster. I suggest not to try, most people lost money.

Salmen

legendary

Activity: 1059

Merit: 1020

The coins which have been announced in these groups, get pumped immediately. Opening the page and put an order is too late at the moment, a bot is useful for this kind of thing but not really the fastest method.
The same is also for the dump, they are typically dumped within three minutes or less. The only one who makes the profit is the owner of the pump & dump group.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: ravid32 on September 05, 2017, 11:59:28 PM

Quote from: quierx16 on September 05, 2017, 11:29:52 PM

Quote from: ravid32 on September 05, 2017, 10:56:41 PM

A lot of people say that they are a scam because the admins buy the coins before the pump and then announce the coins and once the price increases they sell them off while the members of the groups lose money. My question is why can't the members also sell their coins after the increase. A small profit is still a profit, right? You can still make small profit with pump and dump, yes you won't make 100% profit or even when 50% but you'll still make a profit. Please tell me why is my thinking wrong.

well most pump and dump groups turns to be a scam. because you didn't know when they dump the coins. if you smart enough sell it when you gain a little of profit. and don't wait for the signal

That's what I'm saying. Make a profit and sell. Rinse and repeat.

If youre lucky enough to enter on those prices which you do see that you earn some amounts then if you are not waiting for the signal and you are wise enough then you would do such thing.Exiting as soon as possible if you do see the chances but if you are completely blinded because of your greed then you will surely wait for their signal but the truth is you are just being used for them to make money.

MMysterious

sr. member

Activity: 972

Merit: 255

Bear season or just the beginning

Most of the pump and dump groups are scam because they tell you that this certain coin will pump but it eventually will not. They mostly hype coins which you have never heard of and regret after, that's why it is better for you to stay off of this group.

KluFf

full member

Activity: 336

Merit: 100

Alfa-Enzo: Introducing the First Global Smartmarke

yep. people say they get scam when they panic buy
and then another day the price will go dump.
that will make them lost hope and say the coin is a scam.
Trading or buying is a sacrifice for all of us.
thats why we need to learn the characteristic of the coin before we make a move.

hammo

sr. member

Activity: 493

Merit: 250

don't join to those groups. because they want to hype their own tokens and you won't sell it back again with those prices. so they are selling their own tokens with high price to you.

coin_coin

full member

Activity: 182

Merit: 100

Quote from: ravid32 on September 05, 2017, 10:56:41 PM

A lot of people say that they are a scam because the admins buy the coins before the pump and then announce the coins and once the price increases they sell them off while the members of the groups lose money. My question is why can't the members also sell their coins after the increase. A small profit is still a profit, right? You can still make small profit with pump and dump, yes you won't make 100% profit or even when 50% but you'll still make a profit. Please tell me why is my thinking wrong.

You can find such groups in Chinese chat app QQ. They often claims to pump one coin together, I never trust them . I suggest you too.

michietn94

legendary

Activity: 1274

Merit: 1001

I do not believe in a group like this.
One action I will take is to get away from it and not join the group.

ravid32

newbie

Activity: 4

Merit: 0

Quote from: quierx16 on September 05, 2017, 11:29:52 PM

Quote from: ravid32 on September 05, 2017, 10:56:41 PM

A lot of people say that they are a scam because the admins buy the coins before the pump and then announce the coins and once the price increases they sell them off while the members of the groups lose money. My question is why can't the members also sell their coins after the increase. A small profit is still a profit, right? You can still make small profit with pump and dump, yes you won't make 100% profit or even when 50% but you'll still make a profit. Please tell me why is my thinking wrong.

well most pump and dump groups turns to be a scam. because you didn't know when they dump the coins. if you smart enough sell it when you gain a little of profit. and don't wait for the signal

That's what I'm saying. Make a profit and sell. Rinse and repeat.

quierx16

full member

Activity: 434

Merit: 110

Quote from: ravid32 on September 05, 2017, 10:56:41 PM

A lot of people say that they are a scam because the admins buy the coins before the pump and then announce the coins and once the price increases they sell them off while the members of the groups lose money. My question is why can't the members also sell their coins after the increase. A small profit is still a profit, right? You can still make small profit with pump and dump, yes you won't make 100% profit or even when 50% but you'll still make a profit. Please tell me why is my thinking wrong.

well most pump and dump groups turns to be a scam. because you didn't know when they dump the coins. if you smart enough sell it when you gain a little of profit. and don't wait for the signal

ravid32

newbie

Activity: 4

Merit: 0

A lot of people say that they are a scam because the admins buy the coins before the pump and then announce the coins and once the price increases they sell them off while the members of the groups lose money. My question is why can't the members also sell their coins after the increase. A small profit is still a profit, right? You can still make small profit with pump and dump, yes you won't make 100% profit or even when 50% but you'll still make a profit. Please tell me why is my thinking wrong.

Topic: Question about pump and dump groups (Read 578 times)