RE: Inside A Crypto Pump & Dump Organization, Part 1 - The Setup + Discord Invite Links For The Inquisitive & Foolhardy!
Thanks for this. I've come across one TG channel that does this and reading through the posts there as they prepped people for the next pump, I couldn't help but thinking what a risky idea it was. I doubt it really does the overall market much harm doing the volume play like this, since if you happen to set a stop-limit order that crosses that price you just get lucky, and otherwise the market goes back to what it had been pretty quickly without your ever knowing anything happened. It's the people participating who are at most risk.
I also thought, well they are telling people they have to be ready in 7 days, now 6, now 5, etc. and then will be told what coin they are buying at the last minute. But of course you know that the PnD organizer is buying up that coin the entire week! They need the week to buy enough slowly without making the price move up any before their pump signal goes out. They are going to be the real winner, dumping as soon as they send out their "buy now" command to their followers.
I look forward to seeing your next post. Somehow I suspect you discovered something similar.
And then of course there is also the misinformation PnD, which those who can leverage the mainstream media or large audiences of their own tend to do. That one tends to be slower moving, but just as deadly for your crypto balance sheet.
Great topic.
"It's the people participating who are at most risk."
I've have to agree. This will mostly hurt those scooped up in the great search for bagholders, ie the slowest members of these groups.
Incidentally, replying myself here to note ironically I've already received another invite to a new group since posting this article. Here's another link for anyone else wandering down this rabbithole.
https://discord.gg/fjcDsar
Thanks for the info! Been wanting to hear more about these types of operations for a little while now! Following you!