WARNING - Beware of a Pump&Dump group called "big pump".

mickyfu said:
You think it's legal to pump and dump a coin, simply as there is no particular law yet?
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For example, I am not in any such group (for real).

Then I see the coin going up and jump in and buy some. But it's a pump and dump and I don't know about it.

I then sell after a good % and move on.

Am I liable too? How they gona prosecute everyone on every exchange and decide who is or isn't doing this?

Cryptos are anarchy, you can't sue everyone.

I think the market will self regulate, when coins are worth so much $ and more people are in, it'll be more difficult to pump. For the time being I don't think there is any way they can regulate this.
 
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SamLewis said:
Thank you for all your evidence, explanations and for being the supervisor of cryptotards...
I guess even mickyfu can get butthurt sometimes.
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Doubt you could hurt anyone's butt with your two incher, but respect for giving it a try.
 
Its not illegal but its again the Terms of every exchange they can frooze your account. They can get you only when you often buy when the whole group buys not when you do it one time. You to show that you know what you do.
 
Guys the whole purpose of the thread was to protect new traders. One of my friends lost over $5K with these pump & dump groups...so just beware.

elavmunretea said:
I'm sorry, how is it stealing money?

Every single time you sell a crypto and it goes down, are you stealing from the person you bought it from? Of course you aren't.

I'm not saying this is how it should be, but this is how it is. You are talking about what you think it should be, I am merely telling you that, from my research, there are no rules against this.
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100% theft buddy.

The guy tells everybody "lets buy together!" then goes and buys a ton of that shitcoin before everybody, well thats expected because we're not stupid.

but I believe theres more to it and he tells possibly his friends, their friends, and maybe a group of subscribers that are "VIP" because when I saw the chart im telling you the pump has began.

and it got nothing to do with me being "fast" or my internet being "slow". lol. in fact i'll bet you $100 paypal that my internet is faster than yours if you're so confident.
 
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zionbar said:
100% theft buddy.

The guy tells everybody "lets buy together!" then goes and buys a ton of that shitcoin before everybody, well thats expected because we're not stupid.

but I believe theres more to it and he tells possibly his friends, their friends, and maybe a group of subscribers that are "VIP" because when I saw the chart im telling you the pump has began.

and it got nothing to do with me being "fast" or my internet being "slow". lol. in fact i'll bet you $100 paypal that my internet is faster than yours if you're so confident.
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Yeah 50,000 people in a group, but we will all get rich....... Wait how the fuck is that possible? Well 49 thousand dick heads lose out.
 
mickyfu said:
Yeah 50,000 people in a group, but we will all get rich....... Wait how the fuck is that possible? Well 49 thousand dick heads lose out.
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rofl

to be completely honest I could make money on that trade because im used to trading on announcements from the forex market so im actually REALLY fast with these kind of stuff. but still, when i saw the coin it was obviously pumped by 50%, so i just looked and then i saw the "herd" coming and it went up another 30-40% before it crashed, but i couldnt know how high itll pump.
 
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mickyfu said:
Yeah 50,000 people in a group, but we will all get rich....... Wait how the fuck is that possible? Well 49 thousand dick heads lose out.
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They don't lose out entirely, the consolation prize for the 49 thousand get poor quick degenerates is a nice bag of worthless shitcoins.

Honestly it's pathetic to even have to resort to this shit in this market. Pick something that's actually good and hold it for longer than 5 minutes.
 
What bot can we use to improve the speed when buying?
 
Many pump n dump groups out there. Telegram has many with 50-100,000 members, and they're easy to join.
 
You'd be better of learning how to read charts. There are always signs that let you know when they whales are accumulating a coin. Accumulate when they are and don't be greedy when you know its a pump and dump.
 
zionbar said:
100% theft buddy.

The guy tells everybody "lets buy together!" then goes and buys a ton of that shitcoin before everybody, well thats expected because we're not stupid.

but I believe theres more to it and he tells possibly his friends, their friends, and maybe a group of subscribers that are "VIP" because when I saw the chart im telling you the pump has began.

and it got nothing to do with me being "fast" or my internet being "slow". lol. in fact i'll bet you $100 paypal that my internet is faster than yours if you're so confident.
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Says the guy who started a thread because he tried and failed. What a hypocrite
 
I looked at few of this pump and dump groups, is impossible to get in the pump, instead learn to read charts, and find altcoins that are in accumulation, and are usually pumped and dumped, often, you see the patterns....
 
Crypto markets are unregulated so this pump and dumps and legal, immoral, but legal. Thats the reason why Justin can go and say "BIG ANNOUNCEMENT NEXT WEEK", but Elon Musk cannot go and say "GONNA PARTNER WITH FORD NEXT WEEK".
That said this p&d groups are not taking advantage of the regular users, but of their own members. Everything is over in 2 minutes, do you really think many regular users are going to have time to see the spike and says "Oh this just go up by 100% in a minute lets invest"? Not really. All the suckers who lost money are from this very group. Its not even a secret and the organizers blame the victims as you can see here:
upload_2018-1-10_9-30-29.png
 
It is really a dog eat dog out there in the interwebz. Guys, do your due diligence and be careful.

P&D will work if you own the damn group however if you are a sheep in these groups then you are playing with fire.

Stay away!!
 
"It's not illegal because the market is unregulated"

"These laws don't apply to crypto"

etc

ITS FRAUD YOU DUMMIES.

Worse than that, in the US it will be classed as wire fraud, that's a federal crime and carries a lot of jail time with it, so if you fancy sharing a cell with a big guy called bubba for the next 20 years carry on.

I mean you might be one of the lucky guys who doesn't get prosecuted by the Feds.

Honestly, not only are they in complete denial about their silly coins, they're even trying to con themselves into justifying blatantly illegal activity.
 
the Pump and Dump, is illegal, but is praticated in all the markets, if you think the other markets, are not manipulated re-think it, ofcourse are the banks to manipulate it, no a group of people on a telegram group....

now find a way to spot manipulation and ride with them...

flash Pump and Dumps as we are used in crypto are different from other markets and assets, but principal, are the same, only you dont have group trying to make you create liquidity for you to get hurt, they already have the knife from the right side....and lots of suckers, getting stabbed day after day

The Fraud laws that you are citing are seldom used, and to very few partecipants
 
manolo12399 said:
the Pump and Dump, is illegal, but is praticated in all the markets, if you think the other markets, are not manipulated re-think it, ofcourse are the banks to manipulate it, no a group of people on a telegram group....

now find a way to spot manipulation and ride with them...

flash Pump and Dumps as we are used in crypto are different from other markets and assets, but principal, are the same, only you dont have group trying to make you create liquidity for you to get hurt, they already have the knife from the right side....and lots of suckers, getting stabbed day after day

The Fraud laws that you are citing are seldom used, and to very few partecipants
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Oh really.

So first of all you're saying you believe other people in other markets illegally manipulate prices, so it's therefore okay for you to do it too? WRONG

"That law is seldom used" - are you taking the fecking piss?

Not only is it used regularly, when it's major financial crime like this you can almost GUARANTEE you're going to get your door kicked off it's hinges.

These idiots aren't trying to commit financial fraud quietly, they have a group of 50,000+ members who are posting it all over forums, on twitter and everywhere else the idiots hang out.

They're practically sending the FBI an invitation.
 
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