Beware Crypto Traders !! Pump & Dump Group on Telegram

in #cryptocurrency7 years ago

Hey folks,

There are lots of group on Telegram which are doing pump & dump activity for a low volume coin. Following are the activities happens in these groups:

Time Announcement & Reminders Before Pump:
Screen Shot 2017-06-30 at 11.04.29 PM.png

Coin & Exchange Announcement:
Screen Shot 2017-06-30 at 11.04.41 PM.png

DM screenshot of Success of Pump & Dump:
Screen Shot 2017-07-01 at 1.50.37 AM.png

They have community of thousands of people, all the newbie traders get to know about these groups by means of friends or social media platforms, they read the post there like some coin is going to pump today upto 10x, Due to greed they forget to do research the history of coin & just buy at high price and not able to sell within that short span of time in pump & dump process.

Screen Shot 2017-06-30 at 11.16.10 PM.png

As you can see from the price chart, EMC2 got pumped for 1 minute from 2.5k to 18k which is about 9x, and in the very next minute red candle indicate fall of price back to initial value (approx).

I am not declaring these groups as scam but if you are that fast enough to know when to take an entry and get exit with huge profit then go for it otherwise stay away from these kind of telegram groups.

My observation :
After getting the name of coin, the very first thing people used to do is to place a BUY order watching the ASK price not the BID price.When people place order let say ASK price is 3k after 5 sec of coin annoucement, he will put order for 4k, it will take atleast 4 seconds(let say) to place the order, your order won't get your order processed because by the time price jump to 5k or 6k and so on, in the end newbie results in placing the order at 12k - 15k which could be the probable peak of the pump.Now for the exit, same is going to happen, resulting in sell at 10k or 8k => LOSS
Yup, I agree some people use to make profit from these pump & dump activity but by indirectly stealing some new group members money or money of the people buying it for higher price after seeing the surge in price.

How market is manipulated by these group of people or big players:
lets talk about EMC2-BTC pair on bittrex, see the ASK section, last SUM column, below is the 1st page listing 10 sell orders

Screen Shot 2017-07-01 at 1.21.50 AM.png

Now lets see the last page, To pump the price to 18k satoshi, you will need only 53 BTC (see SUM column of the sell orders)

Screen Shot 2017-07-01 at 1.22.07 AM.png

It means, Anyone with 53 BTC, can purchase all the EMC2 coins on bittrex for that moment of time, and sell them at the price whatever he wants to, unless the new sellers come into picture. makes sense Right.

So, For low volume coins, these group of people together manipulate the market for short span of time. Pump and Dump Scheme is very old concept. Watch the video below:

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IMO, Stay away from low volume coins or code a bot over Bittrex APIs (which most of the group admins uses to make profit out of pump & dump game). Also, its not good way to earn money, you will eventually lose money when things goes wrong in minutes.

Anyways, possible strategy to make some profit:

  1. Immediately after getting the coin name, put the buy order with 10x of the current BID price. Place Sell order immediately with 2x-3x of the price you got.
  2. Instead of this manual process, automate this process using some script or code a Bot. [ If you find this hard to do, just upvote to show intensity of need for it, I'll do it & share with you guys soon ] - I don't want newbies to stop trading due to these fraudulent activities.

Its upto you, how you make strategies to win the game, I believe in high volume coins technical analysis and study hard for that, I came across this kind of group on telegram by one of my friend. Beware guys, Don't put your hard earned money to gamble around.

Resteemit to spread awareness, UpVote if you find it helpful, Follow Me for more updates and cryptocurrency technical analysis.


@aqfaridi which group is it on telegram ?

For those interested, I am tracking the real results (or mostly lack thereof) of hundreds of these groups on my website - and providing commentary on them on Telegram:


Guys I found this pump group that is looking very promising

Also they give the signal on their website at


Do you become part of this group? I will advertise to your groups until they grow up to the point where they can start pumping the Shitcoins

Guys, if you need reliable advise on Crypto market and if you want to be a part of active pump and HOLD group then join us at

We provide daily advises for minimum 10% gain daily. We take information from the experts and bots too. Come join, it is a free group.

‪Plz join my telegram group. We are bringing you up to date on Crypto market (Alts news/ major update/ partnership).‬

friends are a very solid group of telegraph pumps. I would recommend. Vip thinks the price is reasonable

is it possible to win in a pump-game with your fast hands?
well, here is a log of some pump by @captain_asdf - Pump Notifier/Trading Signals

0.0s here we go! 19:00:00, ask=100
4.4s BUY 12.3btc 93.1% - buy-trade at 19:00:04.4, price is 193!! and 'somebody' has already bought altcoins for 12 btc
4.5s BUY 13.7btc 95.1%
somewhere here you get your telegram message with 'unknown' coin name...whoaaa...nice...let's try to buy as fast as possible!
9.4s BUY 19.7btc 129.1%
here you buy, peak price 129!!!
what's next?
go down...sorry, you're not a winner(

'we are fair pump group' they say

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Admins: @aqfaridi and @top3pot

Welcome Onboard🤘

Hey faridi ,
I want to learn more about scripts and kpi bot

Quality post & must read for new crypto traders. Thanks for Posting!
Gave you a follow and upvote!

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Hello i was wondering if there is a bot for trading on cryptopia?

@aqfaridi unit wrote a great post. Unit understands greed of human units and lack of empirical data from units who have lost much pine sol.

Well I want to say that I have successfully done a 250% pump with a group I just joined and they seem to be fair game. All the ADMINS agree on various coins and at 6:00PM on the dot they all just randomly pick a coin. Made so far $25,000 from them and they currently have big whales and 2600 members. Here is the group channel. Its Free and no VIP.

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