Lately, I have seen some promotions in Facebook on becoming a member of pumping groups for free. yes, it does not cost anything except registration and some push in the keyboard. Now, the question in my mind is if pumping groups can be effective in making me some money.
Searching on the same topic, I received some warnings that pumping groups are there to dry us of funds and that actually they don't care about us small players as we are actually the pawns they are looking for.
In other words, pumping groups can be a trap if you are not very careful. Why? Because those leading the pumping have already bought their coins ahead of the pumping announcement and when the coin has already risen they would immediately sell their holdings and if you are not watching you can have your bags empty.
I was just a newbie on this and I got victimized because just seconds after I bought my coins the value rose which led me to believe it could rose further but then the slide happened as fast as it rose.
Instead of becoming a part of pumping groups, I am now instead of a group which analyzed trends and give away possible coins to rise...and all for free.
Yeah , This is the big truth if the trading field now in these days , I found about 100s of the pumping group where they are making collaboration with each other and few of them reached to the membere of 10-20k persons . And the same thing happened thier , most of them ( admins) bought at low and then declare buy now this coin and then suddenly price get high but after that price not get high because admin's bought coins has been sold and now no one will buy after the pump , so here pumping is going on but here we should say the pump is fake because pumping means to pump the coin with the better discussion and by increasing demand by telling the importance about them.
But here dew people buy and few of them after buy that is only a way to lost your money .
Here i myself lost about 0.01btc but after this loss i made only eye attention that whether the price increases or not according to the sell and buy orders ( only but never enter in the pumping fake scam ) .
