Topic: Who bought pumping coins? (Read 253 times)

This happens all the time, newbies are too excited when they enter the market and think they can make a fortune in just a few days when most of the persons that got a lot of money have been in the market for years, then when you try to give them and advice telling them it is not easy they always tell you a story of someone they know that invested in some coin and became rich very rapidly, so when that happens I just let them do as they please, they are going to regret it sooner or later.

Newbies who have an overwhelming sense of FOMO. They see something that's gone up 100% in a day and think it will continue for ever so they hop on in and then they complain when they lose out.

Sometimes I will buy a coin who the price is increase brcause If I see the movements is good,  I will buy it because the price increase more for sure if tou see that and I will make some profit.  But usually I will buy a coin who the price is cheap so we can make more profit because once the price increase I will make more profit.  They have advanatages of buying a coin who pump and dump it's your choice what coin did you buy.

You don't understand how it works when they pumped the coin, the price starts increasing and if you are online at that point in time you are just wondering how its increasing and the exchange site with statistics will show you how that coin has done in the last 24 hours. People who buy are those who believes that as it is increasing, I can hop in then cash out no knowing that the upward turned is artificial and cannot only be sustained short term.

It seems you got deceive it is very unlikely a coin that has been pumped and dumped is going to recover the value at which you bought, most of the time those groups select coins with a low market cap and that are very stale in their development, sometimes the best you can do is to accept your losses and move on, since you are not only losing money but wasting time by every second you remain invested in that coin.

You are actually right they dont really care if the coin is trash but most of those coins being pumped out are those the ones that can easily be manipulated or with low marketcap and entire supply. Pump and dump groups are common and most of them arent small time investors which most of them are whales who do have the capability on pumping out or even dump hard a particular coin as they like.

I did. Went with the wave and got greedy thinking it will rise more.
I dont regret it though. I still see that certain coin will pump in months to come.
The service is good that is why I got hooked to it. It is just that all altcoins went down including bitcoin itself and ethereum. I will still be waiting for it to be priced at where it should be.

Pump and dump groups most of the time have two layers, they have the leaders that know beforehand which coin they are going to pump and there is the sheep that obey what they are told, the leaders buy the coin they want to pump for cheap prices trying to not make the price rise too much, then they give the signal and the sheep begin to buy then the leaders sell and they get money, most of the time the sheep lose money but if an even greater amount of people get interested in the coin then it is even possible that the sheep earn some money too, it is a scam and you must avoid it.

I'm glad you knew that PD selfish groups, don't you try to come across nor turn your interest on their useless coins, the only thing that they want is your money to put on a specific coin that they are pumping, wait for the signaling reasonable drooling price that makes their eyes look like a USD dollars then the whole group or bots will sell their coins simultaneously leaving their nesting trap coin dump. That is their common tricks to attract investors and newbies in crypto world.

i will always suggest dont put too much in pump and dump coins. Nowadays there are many projects which dont even have active dev team and mostly disappeared after the airdrops. Different Youtubers pump them and got their share while many lost their money in it. Only some got a good profit from them. After their dump they are mostly dumped forever
Check the ongoing airdrops of DeepOnion. Their airdrops are going best.

From pump and dumps groups only owner of the group will be benefited.

They will use trading bots and pre-buy the coin before announcing in the group.

When others will rush to buy that coin, owner will dump their pre-bought coin at peak price (at buy orders of other newbie traders).

That's why a lot of people are now planning to make their own coins but sadly people should know the road map and the background of each team so therefore investors should know at if they were the trusted people because buying their coins is just like trading your money to a useless products. People nowadays should know at least a better way to become a good investors and not just a victim of pump and dump scheme.

The owners of the group just throw a coin, they BUY them first so they can make all the profit.

And all the other members are just buying those coins and pumping the price, and then the owners just dump their coins.

It is just pure capitalism.

Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines

Cryptocurrency is a world of full unpredictable things from the value, their popularity , their transaction volume ,etc
Of course they will vanish without trace if all investor dump all bitcoin.

As I know, when bitcoin reach high value it means that many people around the world still interest on bitcoin. Maybe some early bitcoin adopter group also play their role to adjust bitcoin value so every people must aware for bitcoin investment risk !

The price of bitcoin will always fluctuates.ln a market fluctuations of price is always happen for all the coin. You have to choose a best coin in the Crypto currency by taking wise decision.Only investing in bitcoin always gives you profit,should not do panic selling.

It may sound easy, simple and not possible but it really works to buy when there's blood bath. Those who pays and joins pump and dump groups are lazy and just don't want to think which coin have potential to grow and which coin have a chance to be pumped for the day. They usually pick those with low volume and in negative. I use the term usually because sometimes they dont pick those.

The only ones that buy obvios pump and dump coins are: the cryptocurrency newcomers (they fall for the hype and the "x100 gains soon" meme), the people that are buying purely by emotion (FOMO), or those who are looking to make some quick money (these people know that they're taking a big risk but it's probably not the first time they're buying pump and dump coins so they know what they're doing).

Most of the times it is pretty obvious when a shitcoin is playing 'pump and dump' games. First, you'll start reading about X or Y coin pretty much everywhere, then all of a sudden the coin gets a huge spike in the price, then you'll see people talking about rumours and quoting the dev team's tweets that says something on the lines of "big annoucement coming soon" or "parnetships with X company, more news to come", then comes the FOMO kicks in, but then after a few weeks of hype and uptrend in the price, and the next thing you'll see is the downfall.

Those P&D groups will probably sell when they feel like the price has reached the set target, once they sell their big share of coins, they price will go down, denial will be the number one thing you'll read in social media, but after a week or two, the hype will go down and people will start cashing out their profits for BTC just so they can buy the next 'pump and dump' shitcoin.

You're gonna lose so much if you do that only some can do it right. Many investors have planned it out but never have done it right with precise timing and knowledge. The best way possible is to buy at a low price. Selling and buying later never comes out good.

Never find out which coin will grow or fall ... it's not real.
Who owns this information, spend tens of thousands of dollars to buy / sell coins.

Goodluck finding one.


Yes, there are investors, more likely casual investors who's putting their money on penny alts.


Exactly, that's the point. Your small capital can buy loads of shitcoins.


Yes, when the price spikes up, your investment will obviously grows.


Yes, as long as you are not greedy, You can exit anytime to what. The catch is, there are small traders who wish to hold further because they think that the price could still go up. Unfortunately, it doesn't work because the market is very unstable, the price could go down in a blink of an eye.


Its really doable, but it's not easy as it sounds. Too risky specially if you are a newbie trader.

You should not trust these groups, because like it has been said, no one knows how far the price will be able to go. They do announce the pump to a big group, and the coin does start pumping. The problem is that they usually have more than one group, and they start selling while they keep announcing that the coin is pumping. This way they make sure that they are able to sell their coins, after the first pump has been made. So the admins of those groups do manage to get big profit, and the first group also managed to get some profit, but the second group, that was informed of the pump, only worked as an exit point for the admins and first group, and will be the ones probably losing money.

Due to your post, my interest in finding a legit pump and dump group intensifies, 

From the way your post sounds, I feel like, P and D could generate big profits. Come to think about it, why there are still a lot of people focusing on penny Alts?

1. Can hoard a lot of coins from a small amount of capital

2. Once its value spikes up, more investors will come in. Hence, another increase of its value

3. Easy to exit in just a short period of time

And I believe that this is doable even if you are just trading alone. Monitor the market or have yourself a working bot that could work where the coin is listed (i.e. Polo, Bittrex, Binance, etc.)

Remember they are making others feel panic, and the fact that if you are seeing about if the pump will be happened a the whole of people in the exchange site will be scared to miss it and then they are rushing to buy it asap to take the advantage to sell at the top, but they are totally wrong because the pumpers will try to liquidity all of the token again. They are selling for themself.

So many new P&D groups start each week, it's insane! These do no good to the crypto space.

When ever there's a pump there will be news going all over around about how that coin is a great coin and how it's going to keep going to the moon . So obviously you will have people who are following the hype and trying to jump in before it's too late . Those are the people who will buy the pump . Then after the coin start dipping a little bit ,there will be people who buy also thinking it's a good time to get in (buying the fake dip). That's how easy the p&d groups fool traders. This is a better explanatory video : https://www.youtube.com/watch?v=QxkvbaCTELQ

Some coins is still good to buy even if it's pumping but there's a higher risk of you loosing money rather than buying it in a dip, but it's still a risk every trade is a risk mind you that.

Hmm, so i it because of peoples who try chasing the "green candles" and human greed
I always remember my rule: "the time to buy is when there's blood in the streets", so i think it isn't difficult, but i see many people seem to lack patience 

It's not about "who is going to buy pumped coins". Basically this groups announce a coin and then suddenly everyone will start buying the coin. The problem here is that no one knows the maximum price the coin will be able to reach... therefore some people enter the pump movement late thinking the coin will still go much higher and then suddenly some of the pumpers start dumping and those who started buying late will buy the coins from the ones who are trying to get rid of them already...

You are asking a kinda pointless question.
There are many investors focused only on penny altcoins that are often pumped and dumped.
If there were no penny altcoin investors,the pump&dump method won`t work and no P&D groups would survive.Those investors don`t care about the "trash" altcoins.They care only about the short term profits.

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now