Bitcoin Forum

Hey mates!

First of all, I'm NOT a part of that Pump&Dump team(fairpumps.net), I just want to share with you my experience and tell you about the risk of the method. Please, Use It On You Own Risk!

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Exchange: Bittrex exchange
Event: public // Classic Proof Of Fair Pump
Date: Thursday, 25th APR 2017
Time: 5pm EDT (10pm BST/London, 11pm CEST/Berlin)
IRC: details about IRC will be released 2h before pump

What is pump and dump?
“Altcoin pump and dump” is the method of market activity our investment group is based on. It attempts to boost the price of a specified altcoin. Profits can be made by selling the coin on this price peak. As soon as the coin of interest is announced, every member of our group buys a certain amount of it as quickly as possible: The price will rise heavily during the pump. As soon as you are satisfied with the coin’s price, you are free to sell of your coins for a higher price than you initially invested.

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My Experience:

The last Pump&Dump event with that group was at 20/04/17, we pumped GBG coin to +1000% with 180 BTC volume with a group of at least 450 ppl. That was my first Pump&Dump event ever, so I made only 0.07 BTC from 0.2 (2.7 BTC total). But hey! Thats a nice profit for 20 seconds! Now when I got it, next time will be better and I will try to make at least 800%.
The point is to be fast as beast. As soon as the team released the coin name to the IRC chat, you have to run to bittrex, find the coin and BUY IT as fast as you can! Because the price is start skyrocketing right to the moon. Then you have to be in touch with the coin price, because after a few seconds the price will start to fall dramatically so don't loose your chance to SELL IT as high as you can.
And here comes the ...

RISK

Everybody knows that money can't grow on the trees, doesn't come from air and when someone got money, someone have to loose it.
That's why after every Pump&Dump event there wil be a winners and loosers. Someone was faster and got their cut. Someone was slower and all he got is a coin that nobody needs. However, even if you lost the moment, don't hurry to sell it under the price you bought! There is always a chance, maybe you already made the biggest investment of your life!

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* So guys, if you have some BTC to play with, and think you are ready for event like this, dot it!
You will get a lot of fun and maybe you will make a nice profit !
And remember, play only with money you can afford to loose!

its a ponzi scheme a small amount will be buying weeks in advance, they release the coin name, suckers buy, yes some suckers will get there quickly, but the people organising it sell up, walk away with big profits, suckers get suckered.

Yes, at least make it believable and get the math right if doing a pump and dump scam... ;D

Hey mate, pump groups usually buy a load of cheap coins then hype the one they want to sell and let the sheeps buy all their inflated coins while they mercilessly dump the shit on them in those 15 mins.

Pump and dump groups are using YOU as the pumper.

They release information, you'll buy in some of that coin because you have a subscription, and then the coin price goes up, everyone thinks that it is because of the pump group that the coin has gone up, but it was actually the subscribers themselves who drove the price up.

And what do they get out of this? They charge you for your subscription, and also they get profits too for nothing when they invest early before everyone else knows what they are going to pump.

fairpump service is free or not
if free what is advantages fairpump service
notification in there only use email, or support another service, maybe telegram whatsapp BBM, or another chat application

seems a little off.
Kinda bad when done to a dead coin but if theres an active community and active devs on the pumped coin as long the dump aint too bad it is almost a positive, aside from the manipulation aspect

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you may make a little here and a little there but in the long run you def lose, they already be buying up them coins in advanced to releasing the name of the coin they pumping and dumping.

Indeed, you're probably just filling the sell limit orders of the pump group owners as you pump a coin.

Any wise person should have understand that this will not end well, from what I've learnt in crytpo in the past few months, only invest in a project you believed in their idea not for pump and dump

Are the coins randomly selected from the whole exchange trading pairs? Or they give a list of XX coins and then randomly pick up only one to pump? They surely can't buy all the coins present on the exchange but they can easily buy 5/10 different coins so even if randomly picked they will always have a big bag of cheap coins to dump on YOU  ;)

A public pump and dump group is not a good idea considering one could betray the group and sell before the other and crash the price.

And that's the trick of those honest and fair pump and dump groups. They pick a big or small selection of coins and stack up on all of them,then week after week they jump from one to another and dump all their previously bought coins at inflated prices. It would be a "fair" pump and dump if they picked up a random coin out of all the pairs each time,like on Poloniex alone there are 107 pairs to trade with.

Oh well nobody can tell you how to spend your money luckily this is how bitcoin works. Good luck with your gambling on these groups I wish you the best outcome possible.  :)

the risk is we don't know what the coins that will be pump because i see that there is 16 coins in the list on the last pump that i follow and only 1 coins that really gets pump and the pump its only happen in less than 5 minutes after that the coins will gets down too fast. i think we've risk our bitcoin for just doing this because its not good to buy all of the coins in the list. but if we have another team that will help each other, and split the coins in list, then we can gets the pump in the right time so we can have big profit.

I think 5 mins pump will hurt alot of people in the group, to me 5 mins pump looks like exit dump rather than pump becaause it is possible that someone with inside information would have accumulate that tokens overtime and just stage the pump to get market attention and dump on the market

hold for 5 minutes, so everyone can profit. what a load of shit, the only reason to get people to hold for 5 minutes it will allow you to sell early. Whowever runs the club will definitely be buying way ahead, whilst your sucker members fund your dream. a worthless group for a worthless person.

Don't be a sucker it is a ponzi scheme.