Be Careful With Pumping Groups

[enhu]

I got some emails from these groups lately, it looks like an easy money but I just don't have interest to pumping a coin. I'm much interested to real development. But for fun maybe I will try later. Isn't this like doubler?

 

[Ucy]

Lol bro I bet you're talking about the one on Telegram called SoldierPumper or something. I was part of that group just to observe what they do. I saw EVERYTHING and was shocked how cruel humanbeing could be.

Many experienced people already warned us about Crooks like that but we insist on trying. Business is all about risk but you have to be extremely cautious and smart how you go about risky things.  
DO NOT EVER TRUST ANYONE. They sound so convincing and trustworthy because they are long in the business. Start very small If you finally decide to risk it!
Before risking your hard earned money, ALWAYS READ MULTIPLE REVIEWS and ASK LOTS OF QUESTIONS ON CREDIBLE WEBSITES.
 
Finally, that experience made me understand why Pump and Dump shouldn't even be encouraged atall. I really felt so bad about the whole situation despite not investing anything. We really should listen more to experienced people without biased views.

[Idrisu]

Trading is a game of skills, experience and knowledge. Pump group are scamming people up and down because many newbies are not ready to learn how trade work. Every thing that Couse price movement both up or down are in the charts so pumping group are for those who can't interpret the charts.

[SONG GEET]

I got some emails from these groups lately, it looks like an easy money but I just don't have interest to pumping a coin. I'm much interested to real development. But for fun maybe I will try later. Isn't this like doubler?

 

No it is quite different than just BTC doubler, these group allow everyone to join for free and set some specific date and time or block number to determine which coin to pump. First they select few coins that don't have much volume and easy to pump, they choose one of it according to last number of the pre-determined block hash (usually dogecoin chain was used) and after it is announced in the group all will rush to buy it creating artificial pump. However the one with automatic trading bots can only make profit from such pump.

[cafucafucafu]

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.

Of course not.

How pump and dump works in a nutshell: A guy who is supposedly experienced in trading offers some sort of signal on a public platform, people follow his signals, and the price goes up because everyone buys it. When the pump happens, public trust in the "experienced trader" increases, and the cycle continues.

The pump and dump groups(pumpmycoin etc.) are no different. They load up on cheap coins beforehand, and charge YOU for a subscription to the info. So they get profits + subscription fees. Double win for them.

Even telegram groups can be pump and dump schemes, people who say that a coin is going to go up is likely already holding the coin and trying to get omre people buying it so that price goes up. But still, it's free, unlike pump and dump sites.

[posternat]

If the group is legit, then you would rather be on the inside of that curve than the outside, but that is something that can be controlled by a single membership.  We have controlled the groups using that method.  Our own trading groups have a single member inside the most powerful pumping groups to bring that information out into our group, so we know what they are doing.

[tristan1960]

I was scammed by such pumping group before, they didn't scammed me directly but when following their group/provably fair pumping I lost almost 1BTC because of bots ran by those group admins.

This is correct. Guys, never join these type of groups because it's very scammy. I've been in three different tekegram pump groups, but their signals were so inaccurate. That was a regret for me to spend my money on.

[cybernetik7]

Nothing replaces your own research. You should know a coin and be familiar with how it trades to be confident. There's no easy way.

[PokerFace3]

Nothing replaces your own research. You should know a coin and be familiar with how it trades to be confident. There's no easy way.

Few traders never agree these and they just want to have quick money in lazy way that is the reason they form a group just to rob rest of traders. I am always staying away from the invitations of joining such group of people, I believe this would be enough carefulness to stay safer.

[irwanjabryg]

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

[AK47-]

Admin always have an edge in such pumping groups. I have seen many similar stories as OP. I am not much into pump and dump groups. Either you need to be very fast in buying and selling or you lose everything. Newbie get trapped in such things and most of the time they are left with nothing.

[deddod]

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.

I prefer a group that analyzes and predicts the future of a coin rather than joining a pumping group. As you say a lot of pumping groups are deceiving. to take advantage for themselves without thinking of members, their huge capital is the ultimate power holder, and the small financiers are just prey for them.

[onrise]

Only experience and admin have the best advantage than the new users . Along with the fast pace you need to be smart as well to get the coins by and sell quickly . Else you would end up nothing . Also holding this types of coin if you are not able to sell at good price is like commuting suicide beacuse thier value goes down quickly and hardly rises in future .

[cpfreeplz]

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.

Lol no shit they're a scam. Everyone knows that. If you've ever played an MMORPG with an open market you've experienced this.

[Singwala]

Yes that's actually said my friend do not join on pumping group because maybe  you will be trap and your btc will be decrease down so you don't have option  to hold your coins and wait to grow again. instead of joining ng on that scam groups do your own research knowledge to choose coins with possibilities to grow .

[babysweetTiger0401]

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.

Now Pumping groups are showing desperately, before I trusted them. But now I think I think a space to avoid them. But still I had a trusted person who is giving me an information in which coin are going to pump. So I agreed we must be careful to pumping groups.

[Hommer]

I too am not really into pumping groups, I experienced the same thing as the OP did when one of the group creator said a certain coin will pump within the week so I believed him and placed some of my savings on that coin only to realize a week after it never pumped and in fact dump. That was a lesson I've learned though.

They have tricked you, some people will be very interested in the pump group, they imagine will benefit greatly. Trade is not luck or always instant. Trade is our analysis of experience.

Sorry i'm newbie in trading, are all the pumping groups frauds? Whether trading with experience and anlisis can suffer big losses? If so what will you do? thanks Irwanjabryg

[jennywhzz]

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.

Now Pumping groups are showing desperately, before I trusted them. But now I think I think a space to avoid them. But still I had a trusted person who is giving me an information in which coin are going to pump. So I agreed we must be careful to pumping groups.

If the people in the forum was more interesting in information , they could do the same a publicly post the information from the pump groups.  There would be a short time of confusion, but it would eventually destroy the pump groups because there would be no reason for them to be consider exclusive and their time would end. 

[Amy bowden]

I have seen so many number of telegram pumping groups for free.Every group is giving notifications about bittrex pumping and they are mentioning date and time also i don't think its real so please get out of these groups.

[amaral1977]

The problem with free pumping groups his that they work like an onion. The core profits from the losses of the outter layers. The "core" of the group will always have the knowlegde before hand and can buy lower, as they know when they give the sell signal so they get out safelly. The outter layers will get in higher and get out later so with much higher risk.
Of course you will always see successul dtories out of pure luck, or from the very few who can actually read the pre pump and pre dump signs. But thos guys are not the majority who will follow a pump and dump group.