Bitcoin Forum

im new to this and Im wondering about these pump and dump channels on Discord
Is this just a scam or is it possible to take advantage of a pump?
Why are over 100.000 sitting in these channels if this is a scam?
please send meg your experience of this

dont get fooled by those pump and dump groups ,you will only  lose your money.  I have a bad experience on those kinds of group especially on telegram. I tell you ,you will not get any profit when you join them.

I C but why are so many people still active on the channels?

Is it possible if this does not make a profit for those who will remain on this channel, of course for some of these people to be profitable by pumping they will benefit in the market.

Because those people are waiting their own team to pump shit token, then after other people get fooled, all of them starting to dump all of their token until it become worthless

If you think that you can take advantage of them, you have been taken advantage by them already by joining and believing that they'll be up into something for you to make your trades better.

Don't get fooled by them and much better to trade on your own.

It's because they are encouraging people to be active but if you'll just leave them, it's for your own good.

Many paid telegram channels and discord cannels are around you so be careful before you are joining in that with your hard earned money.
If you want to keep it in better place you can make the money you can join at the exchange's official telegram group, there you can get the better choice to invest and rapid update also there.

All the members on that group are just reviving thier dead altcoins, with the help of thier members especially the new ones who dont know what is the plan of that group. You wont get any profit they will only use your money.

There are many junk accounts have been created for profit purposes, Scammers. The pump group should be closed to members and should not be open on a channel, I can assume that all fake accounts are included at there.

Pump and dump groups artificially inflate the price of small cryptocurrencies in order to get quick profits at the expense of other traders like you. It is also expected that subscribers will promote Shitcoin on social networks to create buzz around it. In these groups, only those who created them mostly earn. The probability of making a profit is almost zero, stay away from them.

Mostly because the majority of them are bots. And then there are those also who join out of curiosity.

And then, this is something most people do not know,,, a lot of people were asked to join by a bot and so joined automatically because of their settings. I know because when I had Telegram I got invited and joined so many channels every day. I looked active because I WAS active but in other channels!

All of them are just scams but eventually you can make advantage of it but pointing it out on the time you joined
either earlier or too late is really hard.If you can risk then its your choice but if i were you,better not to make any movement at all.

Most of them are just bots and showing off those numbers are just for show for someone to believe that the community is legit-lookin.

You don't need someone else to get profit for your investment, just do with yourself and make an analysis based on your ability. Pump and dump group are scams as far as I know, they scams people by telling everyone to buy a large amount while he bought the coin first. So as they get profit with the desired target, they will sell it in large quantities without telling it to others people. For newcomers I only suggested to avoid these groups because it is not good for your investment especially for your money. Find a speculation who made by some people who has a credibility if you got it you can strengthen it with your analisyst.

what is the best pages to follow changes in the market?

Go to https://coinmarketcap.com
You can search everycoin, exchanges ,newly added coins and the top gainers and lossers this day ,

I have been in the cryptocurrency market for more than two years and I do not see the benefit in joining pump and dump groups for some reasons.

First, these groups will make hype to a certain token for you to try to invest to it then dump the token without warning. Making you lose your investments.
Second, pump and dump groups are not very healthy in the crypto market as the pump that they bring is not natural to the market. For instance I have seen a token that suddenly peaked at 7000% if its current price to suddenly dump to the current price just hours of its sudden pump. Then that token tried to recover 300% of the current price so that the investors that bought at its peak to recover only to realize that the token cannot recover back its peak price. Imagine that you are one of the traders or investors that bought at the peak of that token and suddenly it dump, all of your investments will be gone.

If you want to join such channels, please note that there are some traps available for you.

Those will not be helpful all the time, may be some channels give 60 percentage correct speculation on your picks but never know that such give the random numbers or doing fake bump and dump there on the trading site.

If you are a total newbie, I advise you not to pay and join any group. There are lots of groups out there giving free signals.
For newbie to participate in a pump and dump group is bound to get rekt as you may be a little slower to buy when everyone is about to sell.

Never get fooled of this kind of channels because most of them are scams so best if you don’t believe what they are saying
It’s not about the quantity mate,not because there are many people inside means this is legit,remember scammers are more productive than us just to lure victims
Never had a chance to trust them so I can tell any experience but I can vouch for the posts and thread I’ve read here in forum against pump and dumps

I participated in one today.  My first ever.  It took me 20 seconds to get my order in, and by that time it rose 110% , so I decided to just buy $18 worth.  After 10 seconds , I figured it was going to quickly fall , so I sold for a 10% gain. $ 1.85.   Sure enough , a minute later it dropped 60%.  

     I don't think these things are very good for any one except the people that run them.  They probably buy their coins days in advance at good prices and already have their sell orders in place before it starts.  They really don't have to worry about losing anything.  It seems a bit unethical to me.  We sell at highly inflated prices knowing it isn't real at the expense of others that end up losing big.  

             For everyone except the owners,  its easy to get hurt in these .   I would have lost 50% if I would have held for another 45 seconds.

100k members ? Woah thats too huge but after i see this numbers i automatically think that the group is fake and the memebers were also fake  .

 you know its easy to make telegram accounts or shall i say dummy accounts and use it for a shady purpose like selling them and using them on your own channel to attract people and to scam them  .

anyways,  there are still legit pump and dump groups but they are usually not free   . just take a research before joining one .

Whether newbie or not, it would be better if you avoid this group group, 90% Pump & Dump was not done by those who want to get profits like this, because in addition to requiring Internet speed and response, in the end it is also inferior to those who use some kind of BOT. Those channel just want your registration money.

Well, yes, if 100. 000 people are diluted by $ 200 or $ 10,000, the price is not bad for growing) and you calmly sell what you need at a high price. I think this is a scam. Now the groups are swinging bots.

Im not surprised if the group has 100k members , some.are bots and those existing members can easily add users of telegram as many as they can but it doesnt mean that thier group is legit.

Pumps and dumps are a scheme and this is known, groups like these are only used to get into a certain token and leave you with it. The real groups where you do this are extremely private and wouldn't become public that easily.

If you want to avoid the damage of those groups trade on a dex like Switchdex.ag where you put the price you want for your tokens and your order can wait out the storm caused for the groups

Any transaction related to money is a scam or, to put it simply, a pyramid built by banks. It seems to me that there is a future for cryptocurrency and there will be growth, only one cannot predict what and how much.

All these groups are trying to just cling to you, and then you will sit with coins purchased at a high price. And this is not an option that you sell them later, at least at the price purchased.

This is the best advice on such groups. I have many in my list who have gained nothing but lost money on such groups. Stay away from such groups even if you see one million people there.

Don't ever join any of those paid crypto groups, 99 percent chance they are a complete scam.  by the time you purchase the coin they tell you to buy they are already dumping on your head.  I recommend to just buy and hold btc if you want to be safe.

In my opinion, I think that the signal of the cryptocurrency market is prediction and not have any rule. The paid group in Telegram and Discord is useless and not help you to make money so that you should be careful to join and pay for becoming the member. I think you should create a poll in Bitcointalk to ask about the signal and you will receive a lot of good answers.

Also a really good thing to do is to leave seriously low buy offers on coins you want to purchase in case a whale comes and does a major dump which causes a flash crash.A big example of this is when ethereum was $300 it flash crashed to 10 cents very fast on an exchange.

Even if it was a possible way for you to make money, don't get involved in that. It's just completely scummy, trying to trick people into losing all their money. Completely self focused actions.

Would you stop spamming for your signature sake? Posted 2 times in different days on same thread with different posts

I tried one but finally discovered that there are even any liquidity in it.  I stopped at that and thank goodness.

It never was and it never will as they do not even give signals to its members, meaning that you are really just giving them your capital. It ia a good thing though that you have quickly traded it back in which you have got some gain from it, as if you were a tad bit late then you have lost as you have said. And may it be a lesson to others to not trust such groups.

Don't following any channel pump or dump coin, it's possible went to scaming you. You will loss your money, when you bought it they will sell it.
No, it's washing your time. if you can trading just hold your asset for long invesment.

One mistake I made was to join a channel like that, at first it was very convincing, but after several times following directions from them I finally fell into a lot of losses because of what they said that one of their coins recommendations would go up but actually happened is that instead of this experience I finally decided to leave the channel and decided not to always depend on certain channels even though there were many members who joined there because they were not all real.

There are several channels that pay but provide benefits. they use watshap to give a signal.
not all channels are bad, only have to analyze whether this is profitable or not.

I guess we have all made this same mistake,,, but to be honest, we had no idea it was going to be a mistake. I would say that as long as we learned that these channels were mistakes and that they were all tricks, then we should not be too worried. I believe that knowledge and learning is important and maybe some of us paid for it with a high cost and losses, but at least we know not to repeat it right?

Its a pure scam, never believe in pump and dump groups on telegram or even in discord. They will pump thier own shitcoins and just waiting for thier members to buy that coin,so they can dispose thier shitcoin.

Fully agree with you. To understand how unprofitable it is to participate in such schemes, you just need to think about what kind of pump economy. Profit organizers made by a slower crowd. Do not be in the crowd and will not lose money on these strange actions.

It is not investing if we really tend to another people help and I never fall to this kind of group because I'll be hard to find another capital to invest again. If we have been know that the place will cheating us why we are prepense to join the group. It will be waste our time, maybe it will be good if we find and look another knowledge which is better than that. Just known it and learn from other people who fall against it and we have to fight such this group in order to other people aware about it.

I participated in several analysis groups on altcoins on Telegram. They are quite smart to always call people to trust and buy or sell the coin they think it will pump or dump. They will sell when you buy. Be a smart trader!

Please don't believe such signal channels at all while you are performing you are sell and buy trades on any exchange.
Always stay away from the paid telegram and discord channels. They will only look for profit nothing they will do for the users.

They are scams .  The people running them buy the coins days in advance .  They put their sell orders in well before they announce the coin to the suckers who get left holding the bag.  The entire pump lasts less than 1 minute.   


    The leaders buy for 10 cents and sell for 30.       

The suckers buy for 15-35 cents .   A minute later the price goes to 20 , so most people lose their coins to the people running the pumps .



 

Pumps and Dumps group are generally loosing fund setup i would say, these group are controlled by traders or group of trader who wishes to gain profit by selling walls as you will buy them. Major number of account in these channel are bots and rest of them are new users who wants to earn quick profit and don't have knowledge of crypto market, so they become victims of them. Avoid using any of these groups to gain profit and try to learn trading skills by yourself.

I don't think all around 100.000 members on their channels or groups as you said is real.. maybe just around 50 or 100 active chatting there but others are bots (maybe) because I already found like that once
And maybe now you must stop following pump and dump channels/groups , because that didn't has advantage at all.
Free pump and dump channels/groups -> you just got tricked & lose your money if follow that signals because its tottly fake signals
Also , paid pump and dump channels/groups -> you must paid for entry (lose your money) and if follow that signals too , you lose your money two times.
Didn't trust paid signals channels/groups anymore and leave it!

just because you already found a simmilar one before does it mean all of the channels were now  fake  ? no buddy there are so many popular tg channels that have hundreds and thousands of active users  .

 you know tg or telegram is one of the popular messaging apps that is being used today so its normal that tg will gather massive users around the world .

am not a fan of pump and dump channels but i love to follow my own instincs when it comes to chosing an investment program  .

Your poll is not correct.

When I just entered the space of crypto I was intrigued by the P&D’s and participated in them for a few times.
Lucky enough I was getting in and out on time. But was never even close to the 800% gains they promised. After I told some friends things changed as well. People were taking profits sooner and sooner and the % of people taking profits was getting smaller. It’s all just a scheme to get people excited and most of the TG channels have premium channels were they give the signals to buy a coin/token earlier then you hear of it. It’s like a casino and the hous always wins and you come out losing.

I’ve taking a disgust against these P&D’s and consider them to be the cancer of crypto. But like scammers in the space you can’t kill them. Be very careful when you want to try these schemes is all I say.

Dont rely with these channels you'll end up losing your money instead of gaining.

I have bad experience in this as well and I thought I can take advantage the opportunity but its not what I expect it to be.

Its better to have your own research and analysis, you can only trust yourself. These people are just fooling others for their own good hence be careful.

Never ever trust telegram or discord channel groups that is giving signals on what cons will they gonna pump or dump cause it a 100% scam. You will only lose your without any return.

The owners of the group of the pump and dump makes most of the money and the followers do lose all their money. I will advise you to safe yourself from losing by avoiding such groups. I have been victim before and I have decided to encourage others to be careful about it. In 2017, many people lose heavily through the pump and dump activities at cryptopia and that is why traders and new investors see cryptopia as bad exchange then. All the familiar telegram group that are into pump and dump in 2017 and early 2018 are no longer in existence again and if it is something worthwhile there should still be there.