Why you should NEVER TRUST OR USE PUMP GROUPS!

in #pump7 years ago

I guess most of you have already noticed all those "Pump group" advertisements, where people advertise the "fast money". And with this thread I want to tell you why you should never fall for those groups.

To start off, ONLY THE OWNERS EARN THE BIG MONEY! The casual user is just used as a tool to pump the price of the unknown coins and make the price go much higher than before. You might think that thats great but it is not. The price only increases that much because there are barely any real traders who buy and sell the selected coin. 

When the owners decide that they are happy with the profit, they will start to sell their coins and the casual pump group users will still buy them at the increased price since they think the price will still raise. But since the coin has no real traders there will ALWAYS be a big amount of people who lose money and sit on their amount of coins they bought and can't sell them because nobody will buy them for the high price.

So to conclude this, DO NOT ENTER THOSE PUMP GROUPS! And if you still want to do it, stay safe and be happy with the smaller percentages.

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