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Title: Are those crypto pump groups on cryptopia for real or Scam ? Post by: thanos168 on January 24, 2018, 03:31:03 AM Are these pump groups a scam ?
Title: Re: Are those crypto pump groups on cryptopia for real or Scam ? Post by: henglibr on January 24, 2018, 03:34:50 AM How most of these groups work:
1 - Small group of whales find some low volume coins on the exchange. 2 - They make an announcement in the pump and dump groups without a coin name and get all the people hyped 3 - Before the announcement of the coin they go and buy a big stack of it (price already goes up after that） 4 - They announce the coin and tell people to hold to them for hours or days 5 - Coin gets pumped very fast, they sell their positions after minutes （sometimes 30 seconds or 1 minute after the big pump) 6 - Coin dumps 7 - You lose money |