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Author Topic: How to make big profits from exchanging bitcoin to altcoins  (Read 1533 times)
nydiacaskey01
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January 02, 2020, 11:09:04 PM
 #81

Another pump and dump group. You guys are no different from the other groups who shows good samples in the beginning but right after you start charging your members its only the owners who gets rich and not the members. This kind of groups are not good for the coins development as well.
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January 02, 2020, 11:48:33 PM
 #82

It often to see this kind of group trying to fool noobs and be their prey.
I was a victim of this thing before and the time I realize that I've been played by, I could say this is the last time...won't happen again.

I hope noobs could realize that this game won't end up profitable to their part but a losing ends. As most of us here say, no easy money here, it only comes to us when we work hard. Nothing could help us in order to become profitable, not this pump and dump signal groups but just ourselves. That is why think first wisely or this group will fooled you.




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Rainbot
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January 03, 2020, 12:02:16 AM
 #83

~snip~

Personally and without offending, I think that pump and dump is not really trade, I see it as gambling ... The smart strategy of some crypto investors is simple:

1.- If bitcoin is confirmed in Bullish Trend, it is best to wait for its correction to buy Altcoins, the reason is, as long as Bitcoin continues to climb the Altcoins will come up with Bitcoin because the Altcoins have no life of their own.

2.- If Bitcoin falls in price, Short with the Altcoins (Always wins) because the Altcoins bleed quickly.

3.- With the profits that result from Altcoins, Bitcoin is bought and a greater refuge and more satoshis is obtained.

This from the point of view of market speculation, now if you are an Investor, the best is Hodl with Bitcoin, compared to the stock market, Bitcoin turns out to always be the best action that will never give losses, what is due is to have patience to wait for the new ATH.

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January 03, 2020, 03:08:13 AM
 #84

Groups of pumps and dumps should be caught as this is a serious problem in the cryptocurrency. You don't take advantage of pure market movements, but you manipulate a whole market to your own will and bait people to join you in the rise. I wouldn't call it clever or creative, but rather illegal, depending on where you are. That's why I have never participated in those. It's pretty much stealing.
Even those are illegal, there will be always new group pooped up everyday to make people believe and then join them. They will use any method to attract many people to join and then manipulate price to make other people think that's maybe a good signal to trade.
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January 03, 2020, 06:59:45 AM
 #85

Groups of pumps and dumps should be caught as this is a serious problem in the cryptocurrency. You don't take advantage of pure market movements, but you manipulate a whole market to your own will and bait people to join you in the rise. I wouldn't call it clever or creative, but rather illegal, depending on where you are. That's why I have never participated in those. It's pretty much stealing.
Even those are illegal, there will be always new group pooped up everyday to make people believe and then join them. They will use any method to attract many people to join and then manipulate price to make other people think that's maybe a good signal to trade.

Since there's no legal consequence at the moment for those kinds of hype and scams, then we should be vigilant always as no one can help us really in this industry but our own self, so be careful every time transacting in people and in investing, learn not to trust at all, always give a benefit of doubt, and if you are doubting means something is wrong, follow your mind to always seek the truth. 
Wipeout2097
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January 03, 2020, 04:50:40 PM
 #86

This way may be not work for long but yes we can earn from exchanging Bitcoin to altcoins.There is a term called ARBITRAGE TRADING you buy a Bitcoin from one platform withe cheap and exchange the coin to another platform where it trading high pair.

The Arbitrage trading also need enough knowledge to know about the trade fees and the transfer fees so before doing this must analyze that are you earning more than you you invest after the deduction of fees.

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January 03, 2020, 05:33:58 PM
 #87

Groups of pumps and dumps should be caught as this is a serious problem in the cryptocurrency. You don't take advantage of pure market movements, but you manipulate a whole market to your own will and bait people to join you in the rise. I wouldn't call it clever or creative, but rather illegal, depending on where you are. That's why I have never participated in those. It's pretty much stealing.
Even those are illegal, there will be always new group pooped up everyday to make people believe and then join them. They will use any method to attract many people to join and then manipulate price to make other people think that's maybe a good signal to trade.

Since there's no legal consequence at the moment for those kinds of hype and scams, then we should be vigilant always as no one can help us really in this industry but our own self, so be careful every time transacting in people and in investing, learn not to trust at all, always give a benefit of doubt, and if you are doubting means something is wrong, follow your mind to always seek the truth.  
Joining with those groups is a total BS because the main goal of that group is to collect more victim to make some money out from them. Some say it will be beneficial for a short amount of time but aren't you wasting enough time to know if they aren't giving you a shit?
Learn to trade on your own and do your own research. Stop expecting some real people or professionals to help you because they are too busy to make some profit on their own.

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January 04, 2020, 07:48:56 AM
 #88

Thks is the classic description of a pump group and I would advice every newbie who reads this not to fall victim of this, it is the best way to lose your funds, don't be fooled by what you see, the more you look, the less you actually see until you fall victim of it. If you just go a simple research, you would see so many people who has invested in such schemes that are regretting it now, Cryptocurrency trading is a very volatile investment and doesn't always go as planned even when it's being manipulated.

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January 04, 2020, 06:57:46 PM
 #89

Trusting bump and dump groups is not the best way to make profits from trading,you might lose your total profits even the capital in a single trade because you are going to invest on a shittiest coins which has less trading volume.Better try to make more trades with less margin and make total profits into more.
Those groups deceive newbies by playing with their minds and only talking about all the profits they are going to make if they decide to follow their advice and invest in the coins the group wants, but they never talk about the risks, to begin with those groups invest in coins with almost no market volume and one of the worst things that can happen to you is to be left holding coins that have no volume, because it becomes impossible to get rid of them for any decent price as you can crash the price of the coins with just a few hundreds dollars.

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January 05, 2020, 02:50:57 PM
 #90

It's just another group of scamming people with alt pumps. The only one that has this group's benefit is the one that gives signals. I assume that such a group has another premium category, the people who have already purchased the alts in advance, and then share it with the public group to raise the price. You're good if you've followed their signs and not purchased at the peak, but what if you're the poor souls purchasing at the peak and then the members dump the price as they've reached their goal. Unfortunately it's not a good way to make money.
This is a good method of trading. Actually it is to be learnt with time. Group trading is only beneficial when you have skills to analyze the moves of your fellow partners or in other words keeping a track of their buying and selling. This helps you to find out exact time for exchanging your coins and to hold them within your wallets.

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January 05, 2020, 04:10:06 PM
 #91

You cannot make a profit by buying or selling the only visualization you are skilled at it But if you can do all the things efficiently, you will gain a heap of more than you can possibly get. notwithstanding to begin with, without any prior experience to me it seems nothing but stupid. It is good if you use your skills and try to know.

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January 06, 2020, 10:43:28 PM
 #92

pump group is not good because it is like ponzi work because the owner of signal want to make some profit from their client. these groupe of signal pridiction not legit and it can make you at lose if you belrive them
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January 07, 2020, 11:30:22 AM
 #93

This way may be not work for long but yes we can earn from exchanging Bitcoin to altcoins.There is a term called ARBITRAGE TRADING you buy a Bitcoin from one platform withe cheap and exchange the coin to another platform where it trading high pair.

The Arbitrage trading also need enough knowledge to know about the trade fees and the transfer fees so before doing this must analyze that are you earning more than you you invest after the deduction of fees.

Tiring trading like that, where we have to jump around on every exchange platform, moreover it requires a fairly fast time because of the movement of the high-volatile crypto market. If I become an @OP it is better to focus on trading on one platform while understanding and learning charts.
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January 07, 2020, 11:45:52 AM
 #94

Looking at the profile of the OP, he/she didnt come back to the forum or did anything other than marketing a discord channel. It might be his/her channel to get more members for future pumps.
Never trust these groups or telegram channels, they just try to manipulate the alt market and get their money doubled.

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January 07, 2020, 11:55:18 AM
 #95

Most of altcoins are not worth investing this times to be honest. Better just buy and hold btc, this is what could be the most profitable in my opinion. But if you want to trade altcoins, you can visit CoinDeal. As I see there is a huge variety of altcoins. I buy btc there. Fees are okay, deposits in some currencies are free of charge.

Yes you have rightly said that now is a good time to buy and hold bitcoin also to increase the value of this currency by grouping many of CoinDeal's groups to make big gains from Bitcoin exchange. Often there is no guarantee that these groups will work.
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January 07, 2020, 12:07:51 PM
 #96

Most of altcoins are not worth investing this times to be honest. Better just buy and hold btc, this is what could be the most profitable in my opinion. But if you want to trade altcoins, you can visit CoinDeal. As I see there is a huge variety of altcoins. I buy btc there. Fees are okay, deposits in some currencies are free of charge.

Yes you have rightly said that now is a good time to buy and hold bitcoin also to increase the value of this currency by grouping many of CoinDeal's groups to make big gains from Bitcoin exchange. Often there is no guarantee that these groups will work.

Most of the time people tell that this was the perfect time to buy since they are in shock with the little pumps coming these days but actually the buying decisions depends on us since we are the one who evaluates the flow of the market and also I don't really rely on groups although they are helpful but not consistent at all since provably you will not learn to trade on your own since you will just wait for the signal given by them.

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January 07, 2020, 05:59:08 PM
 #97

This way may be not work for long but yes we can earn from exchanging Bitcoin to altcoins.There is a term called ARBITRAGE TRADING you buy a Bitcoin from one platform withe cheap and exchange the coin to another platform where it trading high pair.

The Arbitrage trading also need enough knowledge to know about the trade fees and the transfer fees so before doing this must analyze that are you earning more than you you invest after the deduction of fees.

Tiring trading like that, where we have to jump around on every exchange platform, moreover it requires a fairly fast time because of the movement of the high-volatile crypto market. If I become an @OP it is better to focus on trading on one platform while understanding and learning charts.
besides tiring of course we must be keen to compare the price of coins on each platform in order to get benefits. I think this method is quite complicated because market price movements can change quickly, and it is possible that when we buy coins on other platforms at a low price when transferring coins that we have bought on different platforms to sell related coins, in reality the coins are experiencing a decline . of course the trade we do is closer to a loss and does not produce anything
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January 08, 2020, 07:14:08 AM
 #98

Looking at the profile of the OP, he/she didnt come back to the forum or did anything other than marketing a discord channel. It might be his/her channel to get more members for future pumps.
Never trust these groups or telegram channels, they just try to manipulate the alt market and get their money doubled.
Until now I have never joined a variety of groups or Telegram channels that provide trading signals because I think it will only waste time. I just become a daily trader at Binance, I like trading there because it provides lots of Altcoin so that we can easily choose good coins to exchange.

I didn't know that these social groups for trading signals happen. Well it's not worth my time anyway to socialize a lot in these groups adding up my full-time job, so it's a meh for me now. I'll just hodl coins like the usual strategy.

It's not really worth the trouble and time following these groups. More than likely, by the time you buy into whatever coin it is they're shilling on there, it will already be at the new high and you'll end up having to sell for a loss. The coins pump whenever they release the name of the coin to their group for people to buy. So unless you somehow manage to be one of the first people to get in, you're going to have a hard time selling for a profit.
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January 08, 2020, 02:52:21 PM
 #99

Many people think the same way and how keeping bitcoin right now is a better investment but what many forgetting is that eternal advice of finance is to never put all your money into one thing.

I mean you shouldn't even keep all your money in bitcoin neither, should have commodities like gold and silver for example and then some foreign currencies then your own nations money to diverse fiat and also invest into stocks with crypto as well, if you do all of this in a basket of financial investments there is rarely anything that could ruin your finances.

Now aside from that you should also look into having many cryptos as well, mainly bitcoin is fine but never underestimate some of the other currencies like ethereum, eos, bnb and litecoin, they are decent as well and deserve a spot.
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January 08, 2020, 03:43:24 PM
 #100

Many people think the same way and how keeping bitcoin right now is a better investment but what many forgetting is that eternal advice of finance is to never put all your money into one thing.

I mean you shouldn't even keep all your money in bitcoin neither, should have commodities like gold and silver for example and then some foreign currencies then your own nations money to diverse fiat and also invest into stocks with crypto as well, if you do all of this in a basket of financial investments there is rarely anything that could ruin your finances.

Now aside from that you should also look into having many cryptos as well, mainly bitcoin is fine but never underestimate some of the other currencies like ethereum, eos, bnb and litecoin, they are decent as well and deserve a spot.
Just holding only I think not give benefit as investment way for bitcoin and altcoin investing because most profitable when we make our assets as way for trading where we can increase value earning with our assets in altcoin way, many altcoin can give much profit whit higher price and take moment which one best way to get profit whit trading.
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