How to make big profits from exchanging bitcoin to altcoins

[South Park]

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.

No, it is a terrible idea because there is nothing to analyze, you are just gambling that you are going to be one of the first to buy the coins and you will be one of the first to get out as well, in many countries this is illegal and even if you are one of the lucky ones to earn money out of this, will you be able to sleep knowing that the money you got was the result of a scam? Besides such results are not going to be sustainable and the next time you try this you will lose all your money anyway.

[marcous]

many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.

Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices

[wajik-tempe]

many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.

Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices

That's how the whales are making money and it always been like that, FOMO people will be their target and even the experienced traders is also able tricked to their bull trap because sometimes they're not just pumping random coins, but coins with many people's analysis that gonna pump, they pump it so it looks like a real bull run but then they will dump it again

[South Park]

many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.

Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices

And yet many newbie traders keep falling in their scams despite our warnings, I know that since they are newbies we should not expect from them that they know every single way in which scammers may take advantage of them, but it could be nice if they stopped for a moment and read the warnings of people that have more experience in the market, and even when they do instead of listening and be grateful they were given sound advice so they do not lose their money they still invest in those scams thinking they know better than us.

[FLoving]

many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.

Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices

That's how the whales are making money and it always been like that, FOMO people will be their target and even the experienced traders is also able tricked to their bull trap because sometimes they're not just pumping random coins, but coins with many people's analysis that gonna pump, they pump it so it looks like a real bull run but then they will dump it again

In this condition the better solution is that whenever we invest in a coin then we do not ask the help from a single person/trader or a group of traders from a single community. We have to do our overall research and have to see that how the developers of a project are working. We have to look at their past activities that if they have scammed anyone in the past or not. If they are proceeding with full faith and trust them invest in that project which will benefit you.

[Karmakid]

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.

It is a normal thing and we cannot deny it. The pump and dump groups are always there and they want to maximize their power to create profit for themselves while fooling other people from the market. The best way that we can avoid that is through avoiding the unpopular cryptocurrencies in the market because that is where they try to do a pump and dump because they know that the certain cryptocurrency doesn't have a lot of volume and they can easily create fake chart movements.

[Distinctin]

I'm not sure of what strategy we have to use cause in my case and I think that most of us here are used to convert altcoins to Bitcoin which it looks more profitable and idealy be the best way.

The question is, are desperate enough to think of selling you bitcoins for altcoins? We know the capability of Bitcoin, in fact, this coin is dominating the market and as well as consider the best crypto for investment. I'm surprised why you have to it.

[bangjoe]

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.

cannot be prevented because this also happens on platforms outside the crypto market. Such speculative methods still cannot be linked to illegal actions because anyone can do it, the exchange parties also don't care because the most important thing is to monitor the volume increase, it's better not to know too much because it will get addicted and cause loss.

[MWesterweele]

I'm not sure of what strategy we have to use cause in my case and I think that most of us here are used to convert altcoins to Bitcoin which it looks more profitable and idealy be the best way.

The question is, are desperate enough to think of selling you bitcoins for altcoins? We know the capability of Bitcoin, in fact, this coin is dominating the market and as well as consider the best crypto for investment. I'm surprised why you have to it.

Bitcoin itself is a good investment, you may get a huge profit even you will not convert it in altcoins, but still the decision will be on the trader who has the money. If you bought altcoins last week like eth then today you  will get a 9% profit when you sell it today . Little amount can have a big impact soon. So better to put 70% in bitcoin and then 30% on altcoins if you want.

[Distinctin]

I'm not sure of what strategy we have to use cause in my case and I think that most of us here are used to convert altcoins to Bitcoin which it looks more profitable and idealy be the best way.

The question is, are desperate enough to think of selling you bitcoins for altcoins? We know the capability of Bitcoin, in fact, this coin is dominating the market and as well as consider the best crypto for investment. I'm surprised why you have to it.

Bitcoin itself is a good investment, you may get a huge profit even you will not convert it in altcoins, but still the decision will be on the trader who has the money. If you bought altcoins last week like eth then today you  will get a 9% profit when you sell it today . Little amount can have a big impact soon. So better to put 70% in bitcoin and then 30% on altcoins if you want.

I have to give respect by then but it won't disappear in my mind how OP think of selling his bitcoin for Altcoins. Believing that how Bitcoin keeps dominating the market in price and demand, I couldn't think how we become profitable with altcoins more than a thing that bitcoin can do.

[ScamViruS]

This is the old pump dump system group. First manipulate the price and give the signal to the group. So that the holding shitcoin can be sold to group members. You dump your shitcoin to your member! Nice game....!  30-40% profit only you earn. Because the pump dump game is played by you. Do you get peace by scamming the money of innocent people? For a manipulator like you, the crypto market faces many problems.Newbies joined such group and lost their hard earned money.

[Arkann]

So, you're a member of a pump and dump community that manipulates the altcoins price and then shills your group here to recruit members to join you. You're basically making money out of these poor people. I say, traders tend to know how to trade and make money by trading btc with altcoins and vice versa. And this kind of schemes is eventually known to many so they already avoid this kind of action as it was only lucrative at first then will persuade you to upgrade your membership and will send you the wrong signals at the end pretty much making you the victim as well. Good look losing your money

I constantly see user reviews regarding certain signals in the trade.  The reviews are constantly negative and therefore I never pay attention to any information that predicts a big profit for me.  It’s better if I myself lose time studying the market and draw my conclusions and forecasts of the results of my activities, but I won’t give you the opportunity to easily steal money from me thanks to fraudulent signals.

[avatar_kiyoshi]

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.

cannot be prevented because this also happens on platforms outside the crypto market. Such speculative methods still cannot be linked to illegal actions because anyone can do it, the exchange parties also don't care because the most important thing is to monitor the volume increase, it's better not to know too much because it will get addicted and cause loss.

Pump and dump group is not consider as speculative method, they are more likely scammers, they take your money indirectly by give you a false signal and they will clarify that the false signal as an accident.
Pump and dump schemes are illegal and considered securities fraud by the SEC.

[Sadlife]

I'd be interested if this group is free to join but right now im not really interested into trading cause i only have small amount to trade and i bought into a higher price, so yeah im kinda stuck that's the lesson i learned by joining the FOMO.
Also the reason i avoid this groups because mostly i heard people complaining that they got scammed and paid a lot just to become a member then the group just vanished, after all who does give free trading signals ?

[Shimmiry]

I think you can always make big profits from Bitcoin. But that is not possible from Altcoin. If you want to get Bitcoin from Altcoin, it is possible for a group of people. There are many people who open their own groups and try to pump. In that case, most of the Queen is this scam.

Indeed. It doesn't seem that they are aware that we are aware. Groups are good but it doesn't mean it could give you huge profit. Even poor people can earn huge as long as he studies well and trains himself well that he even lets himself to full his space for improvement. Therefore, groups is just optional, in which this option already died few months ago, as many were scammed with ponzi schemes.

[redsun114]

You have to realize there is a lot of luck involved as well, I know it doesn't look that way easily but honestly luck plays a huge role in these things, hopefully you end up lucky but sometimes just as you look at the charts and buy because it looks amazing, some whale comes up and sells, that is not something you can ever hope to stop.

However, if you end up lucky sometimes you go against the world and the world is wrong, that type of things happen all the time. Look at the long and short futures for example, sometimes there are millions and millions of dollars involved in long futures but the price goes down, same happens opposite direction as well, it just happens constantly. I know many times I was superbly lucky as well and unlucky times too, this is trading, both could end up happening.

[coin_1122]

I think you can always make big profits from Bitcoin. But that is not possible from Altcoin. If you want to get Bitcoin from Altcoin, it is possible for a group of people. There are many people who open their own groups and try to pump. In that case, most of the Queen is this scam.

Indeed. It doesn't seem that they are aware that we are aware. Groups are good but it doesn't mean it could give you huge profit. Even poor people can earn huge as long as he studies well and trains himself well that he even lets himself to full his space for improvement. Therefore, groups is just optional, in which this option already died few months ago, as many were scammed with ponzi schemes.

Groups are completely waste because we have already experienced huge loose with those predictions groups. So always try to learn basic information about the trading and it will help you learn more new thing about the trading because if we believe in the other predictions it will definitely hurt us a lot.

[South Park]

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.

It is a normal thing and we cannot deny it. The pump and dump groups are always there and they want to maximize their power to create profit for themselves while fooling other people from the market. The best way that we can avoid that is through avoiding the unpopular cryptocurrencies in the market because that is where they try to do a pump and dump because they know that the certain cryptocurrency doesn't have a lot of volume and they can easily create fake chart movements.

Those coins should be avoided for many reasons, not only pump and dump groups try to manipulate the coin, it is also impossible to conduct a proper technical analysis in those coins as technical analysis does not wok in assets with a very low volume and if all of that was not enough those coins most of the time will end up scamming anyone that trusted in the developers of those coins and yet many newbies still try to make money with those projects even if it has come to the point it is almost impossible to do that.

[LUCKMCFLY]

For me there are two ways or two scenarios:

1.-If Bitcoin falls, you must make Short with Altcoins, it is obvious that the descent is difficult and can be used.

2.-When Bitcoin is in an upward trend already confirmed, wait for the first correction and in that correction buy altcoins, the reason is simple, the altcoins will start following the direction of Bitcoin and its growth is usually very fast, maybe 2 times, 3x..

This from the point of view of market speculation, another thing is investment, if it is an investment it is much easier, because Bitcoin is bought and kept in Hodl until it reaches a new ATH, this can take months, years, but it is a safe movement.

[Zemomtum]

You need to get the technical know-how before you can be successful in making a profit from exchanging bitcoin to altcoins, if not you might lose most of your capital and this takes some time.