Thinking of joining a Pump & Dump group ?
Think again ! DON'T !
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by
@rouketas
in which he makes a very good case
for example
- So the pump starts price spikes to 30% , do you really believe there are outsiders are going to buy in ? No they don't and if any FOMO buyers will buy a little because they are nearly broke , so their buy power is low, so who is buying ? The group , who will support the order book the group! (99% fake buy walls) Who is going to bag hold or sell on a loss ? You !
This is one of the downsides of no regulatory oversight, dirtbags who do this and ruin people's lives can't be prosecuted by the law.
LOLOLOL! no regulatory oversight is why this is happening?
One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society
I'd just as soon NOT have any regulation...thankyouverymuch.
Been in a 4 day rant on Youtube with people over Chaincoin, got my first "kill yourself" and celebrated with ice cream lol
There is also the added benefit of the pump being pre-bought and the sells a t the top will be from the organizer. It's a way for bad guys to get rid of their bad investments.
Good advice. I stay away from them.
Also, if people want to find a good coin to buy, I'm very bullish on STEEM and explained why with a very simplistic visual reason...
Haven't seen you come by in a long time everittdmickey.. do you still curate?
yup...sure do.
I'll try to stop by more often.
I agree. That will be very risky.
Nice post
true man...