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January 14, 2018, 05:31:47 AM |
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As I have said multiple times before, while the possibility of profiting from pump and dumps is there, the probability is really low-- you need to know the odds before you even consider joining. In these groups, the higher-ups (the owners or administrators of the group) choose a coin to pump and buy it before telling anyone. Then, once they have bought their fair share, they announce the pump and soon after they cash out before announcing the dump. Once the dump is announced, it could very likely be too late for you. It is simply a scheme for the owners themselves to profit massively. The followers of groups such as this one are simply a means to their ends, and if you do profit then understand that there is no guarantee it could happen again and that your success is not under their consideration.
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