Stay away from them, they are very rischy, you can loose al your money if you bet on a known crypto. They buy at cheap price and then they sell an high price with hugegains
yes, you can lose your money, but if you try $ 50/100 it's a risk you can do;)
no no no,
just stay away from it rather than trying to scam others with that $50 or $100.
Just to make those who are not in the know clear on the workings of these groups,
If I buy a virtually unknown coin at maybe 50 satoshis and form a pump group
promising members a fantastic return on their investment. What those members
dont realise is that I own a colossal amount.
As soon as the pumping starts and all the members are pumping their funds into
this unknown coin I will DUMP my holdings on the market as soon as the pumping slows.
The effect will be that the price will drop so fast very few will react quick enough
to sell and I will be the sole winner and walk away with a big smile.
Its a great idea but fantastically unethical and unfair - human nature.
Chat over
