What Are Your Thoughts On Pump n Dump Groups?
- Thread starter xStewie
- Start date
It's a community that uses double pump shotguns with robberies, and then dump the guns in a random bin outside. Not sure how this is allowed on BHW..
xStewie
Power Member
- Aug 6, 2019
- 525
- 666
Like the DOGE pump, or the GME.... this kind of pumps usually last a short amount of time and when the "owners" of the announcement group sell, the value drops a lot + fear = dead coin again.
B1TCS
Power Member
- Jan 30, 2018
- 788
- 880
B) If it's crypto it doesn't really matter.
xStewie
Power Member
- Aug 6, 2019
- 525
- 666
With normal stocks I guess it is, but with crypto??
paraztos
Senior Member
- Jan 4, 2021
- 828
- 1,075
Well yes, on crypto there are not that many regulations (not right now at least).
Still, I recommend staying away from them.
Hard to know when to get into.
Let's say you start seeing a group that might look like they gonna pump and dump a coin, then the momentum stops and you are left without profits
Or pump and dump is happening but you are getting in too late, once again out of profits
As a bystander, if you see it happen get in at the right time and cash out at the right time you will profit. It's just almost impossible to tell when to invest and cash out.
My recommendation stays: Stay away from any pump and dump schemes
Still, I recommend staying away from them.
Hard to know when to get into.
Let's say you start seeing a group that might look like they gonna pump and dump a coin, then the momentum stops and you are left without profits
Or pump and dump is happening but you are getting in too late, once again out of profits
As a bystander, if you see it happen get in at the right time and cash out at the right time you will profit. It's just almost impossible to tell when to invest and cash out.
My recommendation stays: Stay away from any pump and dump schemes
D
Deleted member 283687
Guest
Dude it is not allowed in BHW ,that xrp thread you created also its not right ,PUMP and DUMP not allowed in BHW.
xStewie
Power Member
- Aug 6, 2019
- 525
- 666
It’s not allowed to pump a coin in bhw, but to talk about it? Cmon man.
xStewie
Power Member
- Aug 6, 2019
- 525
- 666
Quick millionaire with this dudePump and dumps explained:
"There's a sucker born minute." ~ P.T. Barnum
Psh
Banned as member requested
- Feb 7, 2017
- 2,527
- 4,327
Unless you buy, then sell (almost) immediately after it skyrockets?
andyframpton
Senior Member
- Nov 18, 2014
- 865
- 1,376
With pump and dump groups 75% lose and 25% ( the owners or bot owners) win.
Because the time people buy and sell the coins so quickly there is no time for hype and bring a wider group of people into the buying circle.
Because the time people buy and sell the coins so quickly there is no time for hype and bring a wider group of people into the buying circle.
Unless you are the owner and have enough to invest you'll likely always lose. They always end up selling before, then blame it on someone else...rinse and repeat.
They will say HODL, hold the line and other bullshit to convince you ti hold, and "you did not lose anything until you cashed out".
In addition, it's also not really legally sound, so might come back to bite you, and no upside for you as you can't sue anybody for anything.
TLDR
Don't like roulette odds of winning straight-up putting all your money on 13? Then stay away, otherwise, gamble away
They will say HODL, hold the line and other bullshit to convince you ti hold, and "you did not lose anything until you cashed out".
In addition, it's also not really legally sound, so might come back to bite you, and no upside for you as you can't sue anybody for anything.
TLDR
Don't like roulette odds of winning straight-up putting all your money on 13? Then stay away, otherwise, gamble away
Monzani
BANNED
- Jun 3, 2019
- 1,509
- 2,086
I participated in a group
They released the coin's name at 6 p.m.
Certainly at 5 p.m they had already bought the coin
The organizers achieved over 1000% profit. The fastest and luckiest have achieved 100% profit.
The rest (90% of the group participants) made nothing or lost money.
They released the coin's name at 6 p.m.
Certainly at 5 p.m they had already bought the coin
The organizers achieved over 1000% profit. The fastest and luckiest have achieved 100% profit.
The rest (90% of the group participants) made nothing or lost money.
D
Deleted member 1333509
Guest
rapetown.com
Better idea - set up your own p&d group using blackhat methods to grow it by xx,xxx's per week.
You need an understanding of which cryptos are good candidates, if you just randomly pick low liquidity tokens you'll fail.
You need a large amount of capital to monopolise on the opportunity properly.
You need to know how to keep properly anonymous so you don't have tens of thousands of people wanting to hunt you down and kill you.
You need a team of trusted people to work with you and manage the group and investments.
Most importantly, you need to have no soul.
Better idea - set up your own p&d group using blackhat methods to grow it by xx,xxx's per week.
You need an understanding of which cryptos are good candidates, if you just randomly pick low liquidity tokens you'll fail.
You need a large amount of capital to monopolise on the opportunity properly.
You need to know how to keep properly anonymous so you don't have tens of thousands of people wanting to hunt you down and kill you.
You need a team of trusted people to work with you and manage the group and investments.
Most importantly, you need to have no soul.
weaselgivenantiquity
Junior Member
- Dec 26, 2019
- 141
- 47
Well, they're great... if you're one of the top people. Then they're not great when you get caught manipulating and are one of the top people...