Pump and Dumps

[Vlad2255]

Its a pure scam, never believe in pump and dump groups on telegram or even in discord. They will pump thier own shitcoins and just waiting for thier members to buy that coin,so they can dispose thier shitcoin.

Fully agree with you. To understand how unprofitable it is to participate in such schemes, you just need to think about what kind of pump economy. Profit organizers made by a slower crowd. Do not be in the crowd and will not lose money on these strange actions.

[1714914299]

1714914299

[Ridwan Fauzi]

One mistake I made was to join a channel like that, at first it was very convincing, but after several times following directions from them I finally fell into a lot of losses because of what they said that one of their coins recommendations would go up but actually happened is that instead of this experience I finally decided to leave the channel and decided not to always depend on certain channels even though there were many members who joined there because they were not all real.

I guess we have all made this same mistake,,, but to be honest, we had no idea it was going to be a mistake. I would say that as long as we learned that these channels were mistakes and that they were all tricks, then we should not be too worried. I believe that knowledge and learning is important and maybe some of us paid for it with a high cost and losses, but at least we know not to repeat it right?

It is not investing if we really tend to another people help and I never fall to this kind of group because I'll be hard to find another capital to invest again. If we have been know that the place will cheating us why we are prepense to join the group. It will be waste our time, maybe it will be good if we find and look another knowledge which is better than that. Just known it and learn from other people who fall against it and we have to fight such this group in order to other people aware about it.

[bennguyen]

I participated in several analysis groups on altcoins on Telegram. They are quite smart to always call people to trust and buy or sell the coin they think it will pump or dump. They will sell when you buy. Be a smart trader!

[bozo333]

Please don't believe such signal channels at all while you are performing you are sell and buy trades on any exchange.
Always stay away from the paid telegram and discord channels. They will only look for profit nothing they will do for the users.

[Dudukian]

They are scams .  The people running them buy the coins days in advance .  They put their sell orders in well before they announce the coin to the suckers who get left holding the bag.  The entire pump lasts less than 1 minute.   


    The leaders buy for 10 cents and sell for 30.       

The suckers buy for 15-35 cents .   A minute later the price goes to 20 , so most people lose their coins to the people running the pumps .



 

[@prashant]

Pumps and Dumps group are generally loosing fund setup i would say, these group are controlled by traders or group of trader who wishes to gain profit by selling walls as you will buy them. Major number of account in these channel are bots and rest of them are new users who wants to earn quick profit and don't have knowledge of crypto market, so they become victims of them. Avoid using any of these groups to gain profit and try to learn trading skills by yourself.

[rizkyfebrian213xx]

I don't think all around 100.000 members on their channels or groups as you said is real.. maybe just around 50 or 100 active chatting there but others are bots (maybe) because I already found like that once
And maybe now you must stop following pump and dump channels/groups , because that didn't has advantage at all.
Free pump and dump channels/groups -> you just got tricked & lose your money if follow that signals because its tottly fake signals
Also , paid pump and dump channels/groups -> you must paid for entry (lose your money) and if follow that signals too , you lose your money two times.
Didn't trust paid signals channels/groups anymore and leave it!

[imstillthebest]

I don't think all around 100.000 members on their channels or groups as you said is real.. maybe just around 50 or 100 active chatting there but others are bots (maybe) because I already found like that once

just because you already found a simmilar one before does it mean all of the channels were now  fake  ? no buddy there are so many popular tg channels that have hundreds and thousands of active users  .

 you know tg or telegram is one of the popular messaging apps that is being used today so its normal that tg will gather massive users around the world .

am not a fan of pump and dump channels but i love to follow my own instincs when it comes to chosing an investment program  .

[Cloverfield]

Your poll is not correct.

When I just entered the space of crypto I was intrigued by the P&D’s and participated in them for a few times.
Lucky enough I was getting in and out on time. But was never even close to the 800% gains they promised. After I told some friends things changed as well. People were taking profits sooner and sooner and the % of people taking profits was getting smaller. It’s all just a scheme to get people excited and most of the TG channels have premium channels were they give the signals to buy a coin/token earlier then you hear of it. It’s like a casino and the hous always wins and you come out losing.

I’ve taking a disgust against these P&D’s and consider them to be the cancer of crypto. But like scammers in the space you can’t kill them. Be very careful when you want to try these schemes is all I say.

[lienfaye]

Dont rely with these channels you'll end up losing your money instead of gaining.

I have bad experience in this as well and I thought I can take advantage the opportunity but its not what I expect it to be.

Its better to have your own research and analysis, you can only trust yourself. These people are just fooling others for their own good hence be careful.

[fourpiece]

Never ever trust telegram or discord channel groups that is giving signals on what cons will they gonna pump or dump cause it a 100% scam. You will only lose your without any return.

[arpon11]

im new to this and Im wondering about these pump and dump channels on Discord
Is this just a scam or is it possible to take advantage of a pump?
Why are over 100.000 sitting in these channels if this is a scam?
please send meg your experience of this

The owners of the group of the pump and dump makes most of the money and the followers do lose all their money. I will advise you to safe yourself from losing by avoiding such groups. I have been victim before and I have decided to encourage others to be careful about it. In 2017, many people lose heavily through the pump and dump activities at cryptopia and that is why traders and new investors see cryptopia as bad exchange then. All the familiar telegram group that are into pump and dump in 2017 and early 2018 are no longer in existence again and if it is something worthwhile there should still be there.