Never get into a Pump group/channel

in #bitcoin7 years ago (edited)

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I tell you from my own experience:

As the Cryptocurrencies are growing, the ponzi platforms have fallen, and the majority of those who are in criptomonedas are engaged in constant trading. Even so, wherever we are, there will be malicious people who will always seek their own benefit. Exactly, this is connected to the same Pump groups found in the Telegram Application.

The reason why no one is profitable to enter the "PUMPS" is because the same ones who send the "signal" previously buy immense amounts of the coin that they are going to "pumpe" and by the time you receive the signal the coin is already Quite high in price, so you end up buying expensive. These pumps have a duration of 1 minute and when they start is imperceptible from the graphs, you can only see it by looking at the exact number of the price of the coin, and the time when those who started the pump (followed by those who Bought when it was already expensive) sell the coin immediately 1 minute later. So that you do not have time to sell the coin and you end up selling it at the first price you have available (much lower than what you bought), selling at a loss. The reason for the existence of these groups is only to benefit the few (or only the owner of the group) who bought the cheap coin before the pump was announced, and thanks to people being deceived into buying expensive, these people benefit by selling it expensive. Depending on the currency the profit margin of these people is 40% -100% according to the pumps I have seen, a heinous robbery for people who got into the pump. In this way I have lost in 1 day half of what I have won in trading.

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In this example you can see how in 1 minute of difference the coin falls completely, after having been pumped almost 80%
I recommend that you do not enter these groups, I was one of the first to enter when they announced the currency to be pumped, however as the graph takes time to change I did not notice that I bought when I was already high (they will never be able to buy it Cheap, because they will do it first with their large amounts of bitcoin), but only in groups of reliable signals (I am in some and thus I could grow my capital, unfortunately now I have to start from 0). I do not want this happen to you so I leave this post to you friends. Success!

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Thank you! For posting this, it makes sense. Thank you! once again.

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