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Author Topic: Pump and dump groups?  (Read 1552 times)
Akboi
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November 23, 2017, 08:00:03 PM
 #41

Yes there are many manipulator groups that play on Yobit. You can see every day some unknown coin made random over %100 return, which is possible only in small markets. I suggest you to stay away Yobit completely. Risks are too high and market is very unpredictable.

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BartS
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November 23, 2017, 09:59:40 PM
 #42

I heard there's some *mostly* legitimate pump and dump groups that operate on Yobit. Is there any truth to that and if you've ever been a part of one how was your experience?

Edit For those wondering:
For those who were wondering, I wasn't actually planning on joining one; I just heard about them and were curious about if they really were there or not and how they were like.
The mere concept of a pump and dump group means they cannot be legitimate, it is a scam, no matter where they operate, they decide beforehand what coin they will tell their members to pump and as such they are going to buy into that coin at good prices and then when they give the signal everyone buys at inflated prices while they sell and get profits.
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November 23, 2017, 11:10:39 PM
 #43

dont do pnd, dont FOMO. it is like gambling and guessing game. there is no foundation in pnd. some people do make money from it, but it is gambling rather than invest.
JGoRed (OP)
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November 24, 2017, 06:35:52 PM
 #44

My question has been answered and the post quality of this thread is going down. LOCKING
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