Wanna make some easy profits with little investment? You know, something good. Like it has a new technical improvement, or it was listed by another exchange.
Then, at the best moment, ¡bam! Of course, only our group will know about this to make it work. Other people can lose money because of it?
What is the difference between Bitcoin and blockchain?
Perhaps, who cares. Cryptocurrencies are unregulated. Are you in? Inside a pump-and-dump scheme Are you?
Incearcă pe contul demo
And, well, it works just like that: a large group of people coordinate themselves to buy some obscure altcoin or token, the price increases as a direct consequence of it, they spread fraudulent announces about the coin to attract more investors and increase even more the price, and then, they sell at the same time.
Image by HOerwin56 from Pixabay Some people gonna win, some people gonna lose. Of course, the winners are mostly from the initial pump-and-dump group, and the losers use to be… everybody else. Is it legal? In the traditional markets as the stock exchangesthese schemes are officially illegal and punished by the authorities with heavy fines and even years in prison. In the cryptocurrency world, for its part, the regulations are in development.
So… some people are taking advantage of the slow process to make a dubious profit. In order to achieve this goal, they create groups on Telegram, WhatsApp, Facebook, Twitter, Slack, Discord, and some popular cryptocurrency forums, like Bitcointalk.
Maybe because both of them are widely used for legit purposes inside the cryptocurrency world.
Image by Thomas Ulrich from Pixabay And that was with not even half of the members of groups participating. They described in the document a specific pump designed since the beginning to make profits with the not-so-much-popular altcoin BVB, thematic of the German football club Borussia Dortmund a. The pump was done when buying transactions were made at the same time in the exchange Cryptopia: after merely 15 minutes, the price of the token tripled.
The total buy volume ended up in 1.
Then, the majority in those groups can be only observers. These young people might be interested in cryptocurrencies, and probably they find funny and attractive the idea of making easy money since a lot of these users have large fan bases to work together with.
But that was just the beginning because, a couple of months later, the developers and admins of some obscure altcoins saw their chances and started to propose paid partnerships to TikTok influencers.
That way, they would promote new pump-and-dump schemes to their audience with bitcoin discrepance de preț altcoins, to make profits from advertisement and for the scheme itself. Twitter, Facebook, and Bitcoin discrepance de preț have their own groups and post to promote these kinds of schemes, usually linking to Telegram or Discord.
Discord chat. Each of these channels has more than 20k members, so the profit is guaranteed. Twitter is more or less the same story, while on Facebook we just find likes and links. This is just another way of harmless trading for the majority.
Produse de tranzacționare
Good or bad, profit or not profit? This is a thing of predators and preys. They can buy coins that will be pumped early at low prices and will dump them away when prices rise.
- Post by : ccancino 0 Kankusta Duo Spania Pierdere în greutate, Recenzii, Preț, de unde ar trebui să cumpărați în Kankusta Duo în Spania, cum să luați exact Kankusta Duo Spania Pierdere în greutate, Recenzii, Preț, de unde ar trebui să cumpărați în Kankusta Duo în Spania, cum să luați exact Întregul proces de pierdere a greutății corporale de la sine este puțin complicat, chiar dacă începeți să mâncați sănătos, trebuie să includeți sesiuni de exerciții fizice zilnice, fără a se vedea detalii despre adresa de e-mail, ar putea fi un pic frustrant pentru persoanele care se întorc la obiceiuri normale.
- Pump-and-dump schemes with cryptocurrencies: stories from the wild - bigys.ro blog
- Great broker.
- Чем бы они ни занимались - посещали Смитсоновский институт, совершали велосипедную прогулку или готовили спагетти у нее на кухне, - Дэвид всегда вникал во все детали.
- Bitcoin trading testul bot
- Стихосложение хайку основано на простых числах.
- Brevetul bitcoin
- Criptomonede / Tranzacționarea cu levier a CFD-urilor pe Bitcoin| Dukascopy Europe
Image by Michal Jarmoluk from Pixabay Of course, no prey should be there, so this is considered in most cases another form of a cryptocurrency scam. Good or bad?
Profit or not? Profit, only for the privileged organizers such as in pyramid schemes. A ton of losses for everybody else. And, probably, a bunch of harsh regulations in the next future.