Bitcoin Forum

I am considering to make a Indian cryptocurruncy traders group to pump the selected coins in some exchanges just on the lines of many similar pump groups that exist.
Any takers for my idea here?

I think there is no such group exists till now so a nice idea. But not sure how many would like to trade altcoin which any given day will get disappeared especially with the new coins . Ones which are established like Litecoin also now not much being traded. So are you planning to create a what's app group or something like that?

Actually the whole idea of Pump is buy a coin (mostly the one with low price) pump it's price and sell it.
I dont think it has to hold coin for long so there is no question of coin disappearing.
Good famous coins requires lots of money to pump them so we will start with coins which are not much popular.
Yes a whatsapp group would be a nice idea.
Anyone interested start posting your numbers and I will add you to whatsapp group.

Thats a nice idea but do you think pumping few 100 buy worth of altcoins would make the price rise or once you buy it there will be seller at the time when you want to sell it? It is possible that you may get the buyer or even may not depends on the volume of the coins too.

Yes that is something we need to sort out.But sometimes it Is just a hype that makes a coin in demand.Take  for example Shorty.They started Rocket ICO on yobit and their price is still above ICO price.
We can target such coins

Perfect but do you know in a week how many coins gets released and how many get next to zero value in coming time. How will you identify if say 3 coins are coming with ICO. DO you wish to invest in all the 3 or just among the 1. Because there will be no guarantee of any coin that price will always be high above ICO for long.

I think this is not going to work.Indians are still very few in numbers to be able to move price.Even if we have 100 members (a whatsapp group can not accommodate more) and each one invest 0.01 btc,I doubt we can pump a coin.

We can make profit with any coin even if it is dead after a week of launch.
 Do your math buddy.With 0.01 btc by 100 people, we can get 1 btc.If you check any exchange,this amount can push up price of many coins.

The thing is that first you will be buying that coin. So you require sellers for such a coin whose future nobody knows. Secondly once you hold the coin you would like to sell it at a high price. So you will require the buyers for that coin.  Now this is where thing may not be that easy.

Absolutely. And when you make it "Indians only" group,things are going to worsen only.All your investment could sink with that coin.
Please know I am not dissuading you but I doubt if it is going to work but if you do manage to get 99 people, count me in as 100th :)

I would love to be a part of this group but first I would like to see how it is going to work.
It is quite unfortunate that we Indians seldom trust eachother and I doubt anyone would send funds to anyone for pumping unless someone really reputed is associated with it.

This is absolute correct as there is no reputed website or some Indian exchanges offering this service were you can trust and make a deal. You do not even know the person and cant even rely on him. Its better to do your own way rather then of somebody else.

Zahra, your initiative is good but the task is not so easy because no one trusts anybody with even 0.001 nowadays, and you are talking about 0.01, so that's the first obstacle. Secondly, if you even create such group and tend to pump an altcoin, you should know that even with that 1 BTC, you won't be able to eat up even 1% of the orders there as the groups that you are talking about, are the ones with much bigger portfolios than this which can be anywhere between 10 to 100 BTC.

Rather we could collectively join an existing group.
Your view?

How do you propose that you will be starting a pump group and what kind of coins you are planning to pump.Unless you are planning to invest millions you cannot move a needle when it comes to major coins but if you are planning to move alt coins with low volume,it is yet another risk because the developers might dump everything into your head. :)

individually or collectively it doesn't matter.It is hard to find a genuine pump group and if you do find, it is harder to get in.

Even if you create a group and purchased it then at the time of selling you should have firstly buyer for that coin . Secondly since it will be huge quantity in group you would be purchasing so you require so many buyer or a buyer who can purchase that much quantity so it difficult to even sell.

Its a nice idea. I think there is a similar group pumping some coins in yobit. We can make a group for a good pump. Good investors can help you out. You can try it once. If you make the group just send me a text. I will help you guyz to pump coins.
Thanks

Count me into the group.
But I think it will be wise if we create a whatsapp group of Indians available here on bitcointalk.

Count me into the group

Count me into the group

Any body interested to buy/sell BTC, ETH, etc contact me on 8143000118 for discussion.

add me in that group ....:P

I am going to consider this aggressively.

Lets create a slack channel. What is the best pool that you have seen till now? We'll just steal their guidelines. I have found cryptopump to be effective.

Why not let's create our own telegram channel and do what you are suggesting, slack seems quiet laggy and boring sometimes, telegram is having a good ui.

ok guys, i have made the telegram channel, whoever wants can join:

https://t.me/inalts
@inalts

I just checked your group and no one has joined yet, do we have a group where we all can be part of and share which coins we are holding/trading.? Please post the link of the group where everyone has joined.

What you have created is a channel where only you can post updates.

Here is the one that I have created where everyone can share what they think is relevant and important.
https://t.me/altcoinindia