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.
