Inside Pump and Dump Groups

in #bitcoin7 years ago

Every few days, 200,000 strangers come together online to buy little-known cryptocurrencies, also known as altcoins, at exactly 2 p.m. Eastern time. Then, anywhere from 30 to 120 seconds later, they sell them en masse (or at least try to). Those who buy and sell at the right time can potentially make out like bandits.

See link below for the full story:

https://theoutline.com/post/3074/inside-the-group-chats-where-people-pump-and-dump-cryptocurrency?zd=2

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Crooks like this are stopping cryptos from being taken seriously

Very interesting read. Just another financial scam. Invest in the coins you believe in most long term, IMO.

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