They are scams. The leaders of the PnD groups have already bought large amounts of the coin in question before they tell their group to start buying. As soon as the price starts to spike from people buying, the leaders dump their large holdings and it crashes again, leaving most members of the group other than a lucky few bag holding some shitcoin.
Since people that join them are trying to manipulate the market to scam other people out of their coins, I have no sympathy for anyone who has been burned by one.
Topic: What do you think about Pump-dump groups? (Read 1550 times)
dont join pump and dump groups it is of no use u will loose money in short term
hey, check out this pump group: https://t.me/pumphodlprofit …they are trying to pump some quality coins and encourage everyone to hold on to some for the long term…pump now, moon later!
they suck and people generally have caught on to how they operate
hey, check out this pump group: https://t.me/pumphodlprofit …they are trying to pump some quality coins and encourage everyone to hold on to some for the long term…pump now, moon later!
I don't care about these pump-dump groups, and I'm trying to avoid these groups. I don't think that they can bring profit to me, I'm really sceptical about it.
For me it it reminds sports tipsters a bit, who are selling bets. But good tipsters can bring us really nice profit, not sure that these groups can do that.
For me it it reminds sports tipsters a bit, who are selling bets. But good tipsters can bring us really nice profit, not sure that these groups can do that.
we have a saying in my language (a bit silly when translated to English but here it goes):
"A cat doesn't catch a mouse for God!"
and whenever i see a pump group this expression is the only thing i can think of. because they are not starting a group to help newbies make profit. they are doing it so they can make profit.
Exactly! In today’s world, everyone is after hunting and for hunting they need a victim, that’s what exactly these pump groups are doing. They entangle newcomers with their superb offers. Only greedy and foolish people fall for them. Trading needs patience. "A cat doesn't catch a mouse for God!"
and whenever i see a pump group this expression is the only thing i can think of. because they are not starting a group to help newbies make profit. they are doing it so they can make profit.
I don't interesting about pump-dump groups, they will not gives maximal profit for me because in trading
the groups of pump-dump is not part of strategy of trading,
the groups will not gives sign when the price will goes up and down, i am sure they will do pump or down
depend on the analisys technical or fundamental that be made by them.
the groups of pump-dump is not part of strategy of trading,
the groups will not gives sign when the price will goes up and down, i am sure they will do pump or down
depend on the analisys technical or fundamental that be made by them.
they don't give you ANY profit not maximal!
and they are not even traders, they are scammers who are looking for a way to make more money and from what i have seen so far none of them have any information about trading, specially not technical and fundamental analysis.
they just pick a coin randomely based on its volume and then buy, after that they tell the group to buy their sell orders and dump on the group.
I'm starting to see a lot of threads regarding pump and dump groups in the forums with some links to the Telegram groups associated with them. With all honesty, what do you think about these groups and do you support them?
Actually these are the groups made by the many bitcoin and altcoins traders .Usually they are active in the telegram and having a channel for the broadcast of Thier information of buy sell .
Usually they want attack at the particular coin to buy in bulk and due to these impact the many people starts buy and finally they can make much money .
But I don't like such things because this is totally like the scam or we can say that misleading thing for many newbie traders , because they are making money by making stupid to many simple people .
Well here I already existed from every telegram group and broadcast channel because I also get loss much due Thier misleading signals to buy sell the coins .
I don't interesting about pump-dump groups, they will not gives maximal profit for me because in trading
the groups of pump-dump is not part of strategy of trading,
the groups will not gives sign when the price will goes up and down, i am sure they will do pump or down
depend on the analisys technical or fundamental that be made by them.
the groups of pump-dump is not part of strategy of trading,
the groups will not gives sign when the price will goes up and down, i am sure they will do pump or down
depend on the analisys technical or fundamental that be made by them.
Frankly I don't support them. It's a bunch of people pooling funds together to artificially increase the price of an alt coin, which in turn tricks others to invest, just to then sell their coins to make a profit. IMO its greedy, deceitful, and the people who join these things are assholes. I wouldn't be surprised if most of the time the leaders of these kind of group have ulterior motives and plan to screw the group members themselves.
I have been trading since 2013. Let me tell you, there is no such thing as a pump-and-dump group where everyone makes money. In fact, most members of pump & dump groups LOSE money in the long run. Why? Simply because the founder only cares about himself. The leader of the group does not care if anyone else makes money except for him.
He will tell you when to buy, but at the same time you are buying - he is selling and taking your money! That is how it really works.
He will tell you when to buy, but at the same time you are buying - he is selling and taking your money! That is how it really works.
I'm starting to see a lot of threads regarding pump and dump groups in the forums with some links to the Telegram groups associated with them. With all honesty, what do you think about these groups and do you support them?
This is the truth that currently many people are going in the pumping and dumping . To make their network big they have started the telegram app network ( which is like the WhatsApp ) ,they are making lot of numbers of the people and giving information hourly to buy and sell the coins at the particular exchange but they are not responsible for any type of the loss .Here I myself joined the group yesterday and they told me to make day trading but I get loss of 4$ in one day due Thier signal of trading which was actually the pumping group not the trading signal group .
Many of the people are making money with the pump of coin but here I don't this is honest way of earnings , more better is that analyse the history and data of the coin and make predictions and don't join any type of telegram fake trading signle group or pump dump group .
i remember there was a big one on bitcointalk called ryanpumper, he at least gave some good information in the start and then things went south. and the funny part about it was everyone kept saying he has lots of alts in his topic who are defending him but not everyone believed. and finally theymos caught him and said he had more than a couple dozen alts (maybe 100 i can't remember it was 2 years ago) and banned all.
I'm starting to see a lot of threads regarding pump and dump groups in the forums with some links to the Telegram groups associated with them. With all honesty, what do you think about these groups and do you support them?
No i don't want support them because even i joint with them, doesn't mean will getting good profit with themi traded with my strategy that be suitable with my style of trading,
i will follow the trend of price and never follow the group of pump-dump because they can not control the trend of price
the basic way of trading always follow the trend.
I'm not really interested with pump and dump group, this kind of group only use newbie member / slow member to generating profit for them. When newbie member / slow member put buy support and they will dump their coin. If they wanna pump a coin they will mention all member, but if they will dump they wont mention all member. it just a trap for newbie
i don't think you can really have a group for pump and dump in bitcoin. and as the market grows bigger it becomes harder to make such groups.
all these pump and dump groups so far have been working with altcoins
all these pump and dump groups so far have been working with altcoins
It's true that small altcoins are fertile territory for pump-and-dump groups. But I'm sure they also exist on Bitcoin exchanges. So, for example, these 200-300$ up/down swings with no real fundamental news related to them (but often, related to FUD or ultra-bullish forum posts/media articles like these that claim a 50.000 or 100.000$ Bitcoin price in less than a year
) very probably are caused by these groups operating. I'm starting to see a lot of threads regarding pump and dump groups in the forums with some links to the Telegram groups associated with them. With all honesty, what do you think about these groups and do you support them?
Yes, there are thread promoting pump and dumb group, I think the group will not effect enough in price of big coin with high market cap. They may targeting unpopular coins with low marketcap. WHen they join together to pump or dump a coin will have effect. I don't know how they work? anyone ever join the group, Do thay have a comander like an army who want to attack the enemy? That's some kind of joke I think.
Actually i have joined with a group on telegram and this is free, so the group is created by someone who best in trading, he shared tips and trick and everything what he's doing on market, he's giving us a signal what coin would be pump or dump, well i think it's not a big deal if i join the group, clearly he doesn't charge us. I personally would not join the group that requires a subscription fee to joining the group, like people said above mostly they are scam, even though there are some of them are real but usually they charge higher cost.
I am not giving attention to this Pump-dump groups. I believe the one who created this group is just exploiting those people who will join this group and eventually rob them of their Bitcoin just what Wolong did with his own pump dump group. Aside from that this is quite hard to sustain since there is always someone who wants to take advantage of another member of the group .
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