CRYPTO PUMP AND DUMP GROUP SCAM!!!
BEWARE AND AVOID JOINING THIS GROUP IF THEY ARE ASKING YOU TO JOIN!!!
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Almost a year when i found a few group in twitter, telegram, slack and facebook groups that they are inviting me to join in there pump and dump signal. PLEASE DO NOT JOIN IN THIS GROUP.
Why should we avoid this group?
Let me tell you this, this kind of group is a scam people trying to still your money specialy when people realy dont understand what they are doing. They form of a few original group only and they are using more people they called outsiders.
How did they operate the pump and dump?
They fucos on inviting more people to join on there groups there no limit for this group. The more people joining the bigger profit they have. The admin now always share’s a signal that saying coins/tokens that will give a 2x up to 100% to 500% profit to all the member of the group.
After they building a trust to all the members they will now anouncing some groups that they are saying that willing to invest in some very low price of crypto currency. Then the weak member that they called outsiders are greedy to get that coins to the limit price that the admin say.
After that they will giving a countdown times that you can see in there website. Saying that this is the countdown for a big or miga pump that will happen in some exchange. Some fake acounts now in some exchanger chilling the coins and buzzing saying that this coins will pump soon buy more now.
After they set a date and time (e.g 2 days from the date they anounce) the main group including the admins now buying that coins/tokens as a lower price without notifying the whole groups (the outsiders) that they already buying and stocking the coins/tokens.
The countdown now is finish and they well now anounce the coins/tokens to the whole groups (outsiders) that you all buy this coins. Co’z it give you all a good profit. And the main group (admins) now selling there holding bag’s oposite to there anounce to the whole group. The admins group now earn profits after they sell all there holdings. Its just a matter of second amd minates and all the outsiders member will leave to the peak of the price leaving there money to stock until they lost there hope and sell it again in a low price or hold it for a long time to sell it again.
Tips on how to avoid this happen to you is...
do not follow the tips of the other without reseach woth your own. Do just follow in someone you realy dont know and you realy dont know the status of this coins/tokens better you do research your own before investing in crypto.
If you found informative on my blog please follow and upvotes my post thank you so much see you nextime.
Hello! Very useful post! I upvoted and follow you! Keep posting like this and inform people! Its a good way to save a little bit of the cryptocurrencies credibility and good reputation... Have a nice week!!!
Thank you so much @imealien posted this awareness of some poeple about this groups.