Bitcoin Forum

Hello dear bitcointalk community,
I am not new to all this crypto stuff, but it never really interested me until the past couple weeks. I got more and more into all this things, bought some cloudmining hashrates for bitcoin and ethereum and invested about 3.5k$ in altcoins for long term.
I've red about pump and dump groups 3 days ago for the first time and i just really got excited about this
This is like a bit of wolf of wallstreet haha
But of course it was too good to be true
I've looked for a group that seemed legit to me and i had my first pump today. What happened?
I lost about 70% of my investment.
After some further researches i think that there are actually no real pumping groups, only people who want to f**k over all the others and make their pockets full.
That's too bad because this all could be real: people could support each other and get rich together instead of scamming each other
I want to make this dream true.
I really want to build a community of honest people and get as much money as possible out of this crypto hype TOGETHER!

I apologize if there are some grammatical errors in the text, as i am from germany

I made a pump canal on telegram first but i will also make a group chat on telegram right now to make this group more legit
I see that most telegram pump and dump "groups" are canal only, but this is just bullshit because the admin can post the coin and people on the canal don't see any feedback from the others if this is a scam or not.
But not here. I wan't this to be as legit as possible, people will be able to chat with each other and exchange their experience.

Link to the canal:
https://t.me/simplepump


Groupchat following

I do not know much about the pump & dump group and how does the pump & dump group work but it seems to look interesting to me. However, I wanted to ask you some questions.
1. What is the difference between pump & dump group and signals channel? Is signals channel based on the pump & dump group?
2. Do I need to have a lot of money to participate in the pump & dump group to guaranteed a coin to be pumped?

How can a pump group be legal? Orchestred pumps of coins are in any case not legal because other traders/buyers are cheated by the manipulated price.

Big first pump happening tomorrow

https://discord.gg/XnQhrFq

Legitimate does not mean legal. Not illegal does not mean legal. There can be no legal aspect if there are no laws. Like people are pointing out, there is no regulation for trading crypto, just the house rules of each different exchange. Even insider trading like what happened with Bitcoin Cash on Coinbase seems to be fine, legitimate, according to Mr Roger Ver. The worst that could happen if Coinbase really found out about those employees who did it (pumped and dumped Bitcoin and Bitcoin Cash) is that they get fired. That's the house rules.

Nothing personal, but I am happy that people start to realise that a Pump-and-dump is extremely risky at its best. Trying to get others on-board is not that easy and if you fail your money is gone.

I couldn´t say it better. While a pump group is not strictly illegal, at the end of the day is trying to manipulate the market on an attempt of making other believe that something has value when it does not.

I am sorry in way if people loose their money doing it, but I am happy that it happens because that´s the way it will stop.

cryptopia, i has a problem with cryptopia, exactly for depositing system, not same confirmation on blockchain and cryptopia system
ever in eth network 56 confirmation, while in cyptopia system jus 1 confirmation, that makes me bored in cryptopia

I see, so your legal counsellor is Google? In any case, it does not matter if legal or not, it eventually will end up in tragedy and the group will disappear. You are not a whale and you can´t play their game.

All pump and dump groups have the feature you are castigating and even the one you are trying to promote. Pump and dump group are only there to make money for those who are the admin and that is exactly what you are trying to do afterall you also have been a victim of such atrocities committed by some people who made the same promises you are making. There is no legit or illegit dump group everything is just directed towards one objective some people will make money while others will be become poorer.

+1

i think P+D groups are a blight on this decentralised crypto we are all involved in.
its ruining the market in the name of GREED.
to me P+D groups are just like pyramid schemes,
the people at the top are the ones winning when they dump their coins while the pumpers thinking they are going to win big are the casualties along with the people spending their bitcoin trading as normal to try and get ahead and if anything the pumpers lower in the pyramid have more to loose.

Frankly all this looks very scammy. How can anyone know if you have pre-pumped 100, 200 or 10 million? Besides, by talking about such a ridiculous amount, it is clear that its not that you are not a whale, but that you are pure placton.

Hi friends don't fall in pump and dump shit you will only lose , buy coins which pumps slowly and gradually  with proper team and  project behind them ,if are confused which coin to buy which not to buy then I would like to share my channel with you its free and all my calls moon very fast, not lots of calls few calls but all of them touch the moon, no lot of talking needed see results and decide urslef , I don't have any greed , all I want is to help those who have lost so much as I once lost so much but nobody helped , I don't want this to happen with the ones who are in need hence I share u the invite link https://t.me/bullseyecrypto