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Author Topic: How Traders 'pump And Dump' Cryptocurrencies  (Read 311 times)
jerry0
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December 24, 2017, 12:08:19 AM
 #21

Would someone tweeting about a coin and they have lot of people read his tweets to drive the price up and then you buy it during the pump... then sell it once it 2x or 3x constitute a pump or not?
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December 24, 2017, 01:20:47 AM
 #22

Would someone tweeting about a coin and they have lot of people read his tweets to drive the price up and then you buy it during the pump... then sell it once it 2x or 3x constitute a pump or not?
Increasing the popularity of a coin is a natural thing, so it can increase a person's level of confidence in the coin because with more people talking about the coin it will make things more convincing. To pump and dump must use a lot of money, not everyone can do that. A trader who has the ability will usually be able to easily gain profit because he controls almost all market activity, but it also actually hurt a lot of people because that benefits only a few people while most will lose when the coin price is dumped.
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December 24, 2017, 01:37:11 AM
 #23

Social media and fake news in the crypto space can be a powerful tool. We have seen recently lots of fake story's false information and more tricks to attempt to manipulate the price.
One of the worst things that is going on is not pump and dump mentality its the constant spamming of transactions on the blockchain by a few groups who are trying there dam hardest to inflate the fee for miners and to process only spam transactions into blocks while the general public suffer and think why bother.

The smart ones out there see that this is a ploy by some to force users to sell there coins and jump onto another "chain".


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December 24, 2017, 01:37:57 AM
 #24

Those schemes are the nature of these markets nothing new.
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December 24, 2017, 02:08:17 AM
 #25

trading is not pump and dump ,real traders not to invest pump wall,i think pumping is not good crypto world,
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December 28, 2017, 11:34:27 PM
 #26

I don't know how they pump big values like ETH or LTC but to pump altcoins is possible with few bitcoins I think

These pump and dump groups will not choose those high demand coins because once prices go high there will be a people who bought earlier than these guys may start dumping coins then it will reduce profit to those group admins so they cleverly accumulate at low volume coins in advance and after pump announcement they start selling at higher price and buyers will lose money.
Exactly it is impossible for those small groups to manipulate the price of bitcoin or other big alts, for that you need to be a whale, most of the time pump and dump groups concentrate their efforts in coins with a few millions in market cap or even a lower market cap, then they begin to slowly buy coins and when they are ready they tell other members of their group and then they get their profits.
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December 28, 2017, 11:56:26 PM
 #27

I don't know how they pump big values like ETH or LTC but to pump altcoins is possible with few bitcoins I think

These pump and dump groups will not choose those high demand coins because once prices go high there will be a people who bought earlier than these guys may start dumping coins then it will reduce profit to those group admins so they cleverly accumulate at low volume coins in advance and after pump announcement they start selling at higher price and buyers will lose money.
Exactly it is impossible for those small groups to manipulate the price of bitcoin or other big alts, for that you need to be a whale, most of the time pump and dump groups concentrate their efforts in coins with a few millions in market cap or even a lower market cap, then they begin to slowly buy coins and when they are ready they tell other members of their group and then they get their profits.
However if there are whales on such groups who makes FUD over the dumps or pumps then maybe can affect the market but not in huge impact, some were really due to news occuring on exchanges or banning in some countries. No one can manipulate the alts since there are many factors need to consider.

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December 28, 2017, 11:58:47 PM
 #28

Hi there. 

Here you have a good article. It's a recommended lecture if you want to understand those pump-dump waves:

http://uk.businessinsider.com/how-traders-pump-and-dump-cryptocurrencies-2017-11/#pump-and-dump-scams-are-coordinated-through-groups-and-channels-on-the-app-and-advertised-in-advance-2

Any opinions about this?


Interesting, so basically they bump and dump coins in group buys to earn , is likely a hack on the trade system.

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February 07, 2018, 05:17:31 PM
Merited by vapourminer (1)
 #29

there are SO MANY of these scamming pump and dump groups out there now its ridiculous how gullible and desperate people are.

These telegram channels have 2000-100000+ members in them all eager to buy whatever they are told. These groups always know the coin way ahead of time and
will buy it much earlier. On top of that they want your BTC (a lot) for 'VIP' or 'Premium' membership BS where you are now going to get the signal ahead of the rest
of the group and they also encourage you to spam the shit out of the group so you can 'Level up' as an affiliate to get an upper hand.

Obviously the ONLY one benefiting is the admins here, a few might get lucky and be able to buy and sell when the announce but it is far more likely
you will not buy in the low in time and will be stuck with a worthless coin at a loss. I don't know how these people fall for it or fork out .5 BTC to some random ass on telegram or why this world is filled with so many
asshole scammers that just seem to love what they do.

Anyways rant over. There are 'Some' groups that give decent short/mid term signals that can be profitable.

There was a video on how best to execute pump and dump trades on cryptopia:
https://vimeo.com/250201759

I think you really need a bot / trading program to have a chance at this with sliding scale profits and auto buy/sell orders ready.
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February 07, 2018, 06:18:16 PM
 #30

I recently had a little look into the Pump and Dump world - needless to say, I am not en-Lambo'd after it.

I posted my experience on the Beginner board, but it seems relevant here:

https://bitcointalk.org/index.php?topic=2876163.msg29604774#msg29604774

H.
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February 07, 2018, 07:50:33 PM
 #31

Pump&Dump strategy is actually not so bad idea. Question is, wants the admin of the group do huge manipulation, or he can only take money from the group members. I'm looking for some members to try difficult way - really to manipulate the price on some trashcoins, not for 3 minutes, but much longer. Only one problem is - it should be hundreds of alive members to do such thing, because we have not enough money...
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February 09, 2018, 06:23:01 AM
 #32

there are SO MANY of these scamming pump and dump groups out there now its ridiculous how gullible and desperate people are.

These telegram channels have 2000-100000+ members in them all eager to buy whatever they are told. These groups always know the coin way ahead of time and
will buy it much earlier. On top of that they want your BTC (a lot) for 'VIP' or 'Premium' membership BS where you are now going to get the signal ahead of the rest
of the group and they also encourage you to spam the shit out of the group so you can 'Level up' as an affiliate to get an upper hand.

Obviously the ONLY one benefiting is the admins here, a few might get lucky and be able to buy and sell when the announce but it is far more likely
you will not buy in the low in time and will be stuck with a worthless coin at a loss. I don't know how these people fall for it or fork out .5 BTC to some random ass on telegram or why this world is filled with so many
asshole scammers that just seem to love what they do.

Anyways rant over. There are 'Some' groups that give decent short/mid term signals that can be profitable.

There was a video on how best to execute pump and dump trades on cryptopia:
https://vimeo.com/250201759

I think you really need a bot / trading program to have a chance at this with sliding scale profits and auto buy/sell orders ready.
This pump and dump is somehow a preplanned thing and the ones who are planning such kind of thing holds a major portion of the crypto market and that is why they manage to make such kind of decision. At time they want the market value to go down, they start selling their crypto coins which result in decrease in the demand as well.

At time they want to make more money, they start buying more number of coins and ask more people to come and invest in it.

 
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February 10, 2018, 05:42:35 PM
 #33

there are SO MANY of these scamming pump and dump groups out there now its ridiculous how gullible and desperate people are.

These telegram channels have 2000-100000+ members in them all eager to buy whatever they are told. These groups always know the coin way ahead of time and
will buy it much earlier. On top of that they want your BTC (a lot) for 'VIP' or 'Premium' membership BS where you are now going to get the signal ahead of the rest
of the group and they also encourage you to spam the shit out of the group so you can 'Level up' as an affiliate to get an upper hand.

Obviously the ONLY one benefiting is the admins here, a few might get lucky and be able to buy and sell when the announce but it is far more likely
you will not buy in the low in time and will be stuck with a worthless coin at a loss. I don't know how these people fall for it or fork out .5 BTC to some random ass on telegram or why this world is filled with so many
asshole scammers that just seem to love what they do.

Anyways rant over. There are 'Some' groups that give decent short/mid term signals that can be profitable.

There was a video on how best to execute pump and dump trades on cryptopia:
https://vimeo.com/250201759

I think you really need a bot / trading program to have a chance at this with sliding scale profits and auto buy/sell orders ready.

Sure that admins make the highest profit here, they buy on dip and they sell on top, everyone else buy and sell in the middle. The ones who are close to admins are the next in line, and how you say more far from admin less profit it is, and until the end of the line people are short. No one lose everything here, people invest 100 dollars and get out with 70, they think they were late and they watch carefully for next signal.
There are too many pump and dump groups, with so many followers. You don't need a trading bot, you need to be close to your lap top and ready for action. I tried to follow some pump and dump group couple times with some little investment but I didn't have good results, but I believe that some people earn good money on this, some, while others lose, but its like that in everything else.

 
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February 10, 2018, 05:56:39 PM
 #34

I must say that pump and dump groups are one the worst things that could ever happen to you unless you "actually" know what you are doing. If you are a beginner and if you are thinking to join one of these channels/groups to make a good profit in crypto then I will advise you not to. First of all, it's not trading it is manipulation. I have lost quite a goof amount as a newbie in crypto which is why I stay away from it and advise others the same. But if you are an expert and what to play around with it and if you know what you are going to do then you can try your luck with it. Not to mention that you will loose your money if you are a minute late in the pump.



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February 10, 2018, 06:07:13 PM
 #35

A decent article and thanks for sharing it here in the forum.

Groups that pumps and dumps. Sure, they do exist but it doesnt mean we have to go with it too.
At the end of the day, they all not work and somehow you will be left at the end to trade which makes it a lost. You need to be always updated by them and sometimes it means to not sleep.
I will still prefer my own instinct which is still working up until now.  Grin Advises are good but you will be the one to decide.

 
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February 10, 2018, 09:49:38 PM
 #36

I saw many telegram groups for this, is it even legal?

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February 12, 2018, 07:24:10 PM
 #37

Hi there. 

Here you have a good article. It's a recommended lecture if you want to understand those pump-dump waves:

http://uk.businessinsider.com/how-traders-pump-and-dump-cryptocurrencies-2017-11/#pump-and-dump-scams-are-coordinated-through-groups-and-channels-on-the-app-and-advertised-in-advance-2

Any opinions about this?

The traders who has lots of stakes with them are very influential has the ability to do this kind of stuff and it required lot of power and risk.
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February 12, 2018, 07:30:41 PM
 #38

I saw many telegram groups for this, is it even legal?
Not a surprising thing which you can eventually find lots of this telegram groups which do claim to be pump and dump groups but actually they are just using out new people to buy those already pumped coins and then suddenly dumped down and leaving those new users behind on losing up money. Its not really legal in any sense since its just like a swindling for me but we do know this cryptoworld where anything cant really be easily to traced up.

 
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February 14, 2018, 05:53:38 AM
 #39

Pump&Dump strategy is actually not so bad idea. Question is, wants the admin of the group do huge manipulation, or he can only take money from the group members. I'm looking for some members to try difficult way - really to manipulate the price on some trashcoins, not for 3 minutes, but much longer. Only one problem is - it should be hundreds of alive members to do such thing, because we have not enough money...
When you intend to control something you need to access it. And this access must be more than a normal access to every other person related to this thing. Like in case here, bitcoins are public, no one is controlling them, and still they are emphasized by the effect of whales in this market. Whales are always trying to grab the market under their own way, but definitely they can’t make it up.
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February 16, 2018, 07:56:13 AM
 #40

there are SO MANY of these scamming pump and dump groups out there now its ridiculous how gullible and desperate people are.

These telegram channels have 2000-100000+ members in them all eager to buy whatever they are told. These groups always know the coin way ahead of time and
will buy it much earlier. On top of that they want your BTC (a lot) for 'VIP' or 'Premium' membership BS where you are now going to get the signal ahead of the rest
of the group and they also encourage you to spam the shit out of the group so you can 'Level up' as an affiliate to get an upper hand.

Obviously the ONLY one benefiting is the admins here, a few might get lucky and be able to buy and sell when the announce but it is far more likely
you will not buy in the low in time and will be stuck with a worthless coin at a loss. I don't know how these people fall for it or fork out .5 BTC to some random ass on telegram or why this world is filled with so many
asshole scammers that just seem to love what they do.

Anyways rant over. There are 'Some' groups that give decent short/mid term signals that can be profitable.

There was a video on how best to execute pump and dump trades on cryptopia:
https://vimeo.com/250201759

I think you really need a bot / trading program to have a chance at this with sliding scale profits and auto buy/sell orders ready.

Sure that admins make the highest profit here, they buy on dip and they sell on top, everyone else buy and sell in the middle. The ones who are close to admins are the next in line, and how you say more far from admin less profit it is, and until the end of the line people are short. No one lose everything here, people invest 100 dollars and get out with 70, they think they were late and they watch carefully for next signal.
There are too many pump and dump groups, with so many followers. You don't need a trading bot, you need to be close to your lap top and ready for action. I tried to follow some pump and dump group couple times with some little investment but I didn't have good results, but I believe that some people earn good money on this, some, while others lose, but its like that in everything else.
Admins getting more prices and the others don’t get such profit, I don’t think so this is right. I don’t know much about this forum and how people are getting profit here, but what I believe bitcoins are open to everyone and anyone can get as much profit as he wants, just the best efforts to put and wait for good words. But definitely I can be wrong. All those who deals with it better know.
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