New Pump 'N' Dump. GET RICH QUICK! (1.5k+ users and growing)steemCreated with Sketch.

in #bitcoin4 years ago (edited)

New Pump 'n' Dump Group. Get RICH Quick!

There's a Pump 'N' Dump group in town. A lot of new users are joining ever single day who are excited to throw their money away to have a chance to double possibly even triple their original amount they spent on a coin that the group decides on. I'll talk about the Discord group further down the post but first...

What is a Pump 'N' Dump?

A Pump and Dump group consists of participants anywhere to a few 10's to 1000's of people. The bigger the better!

The main target of a Pump 'N' Dump group is to blow up small coins which have a small volume by hyping everyone up and buying a certain coin at the same time. This causes the price to sky rocket! Everyone love to see those green candles after they spontaneously purchase coins. The best way to buy the coins is to buy them in small amount while the price goes up and after a certain amount of time (when there's no-one buying anymore) the price plummets back to rock bottom, sometimes even past that.


Here is a classic example of what a pump n dump looks like (See picture below).

As you can see that big spike is the result of a pump. What ever goes up must come back down.

How Does A Pump Work?

An example of a Pump 'N' Dump scenario is of a former- wall street stockbroker - Jordan Belfort. He became a very rich individual by choosing a penny stock and riding the wave to wealth. He basically told people that they would make a lot of money with that certain stock that he was promoting. If you haven't watch "Wolf Of Wall Street" I suggest you do it's a great movie, lot of drugs and strippers, lmao. It's illegal to do what Mr. Belfort did (I kind of look up to him), but crypto-currencies aren't regulated yet so it a perfect get rich quick scheme.

THE DISCORD PUMP GROUP- GOBIG

The group is affiliated with the Youtuber @avilsd. He runs a cryptocurrency based channel, known only as Kubera as well as multiple other channels. He knows what he is doing as he used to manage a pump 'n' dump in the past, he has plenty of experience in the crypto-sphere. Think of him as a coked up CEO like Jordan. The group is called "GOBIG" which stand for 'Big Offshore Bitcoin Investment Group'. Nice name huh? Become a part of the group and get ready to make (or lose) MONEY! Click the link below:

https://discord.gg/Pbw3Hf9


Sources:

  1. static4.businessinsider.com/image/58e51d1c77bb70872c8b5a89-1200/jordan-belfort-ex-home.png

  2. static3.businessinsider.com/image/53270b77ecad04752fa6d9e1/how-bitcoin-could-become-the-internet-of-money.jpg


Links

Reddit - https://www.reddit.com/r/WeedWiki/
Twitter- https://twitter.com/CatOnChronic


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Make sure to tell them I sent you :)

Ha ha, that kid Kubera is going to jail, kid thinks he some intelligent criminal mastermind or something.

or he is just good at scheming and making money? He is like the 'Wolf of Cryptocurrencies'.

Ha ha, he wishes... but I definitely do stay clear of him.

Is it really something to be proud of though?

What are you reasons for staying clear of him?

Guy reminds me of a used car salesman, plus, when he first started his channel, he said he wasn't going to do any of things he is now doing... I don't like that.

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