Pump and Dump Explained

in #cryptocurrency • 7 years ago

As you may know, never join any pump and dump group!

Source: https://www.reddit.com/r/CryptoCurrency/comments/86rhj1/pump_and_dump_for_dummies/

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#bitcoin #crypto #blockchain #money
7 years ago in #cryptocurrency by
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     7 years ago (edited)

    True. A better way to make money is to buy at dip and sell at peak for well established coins. You can earn profit like that even on daily basis, if the prices are somewhat stable. I am planning to write a bot that can do that automatically. I had some success doing trading like that manually, and I want to practice that a bit more before incorporting that logic into my program.

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     7 years ago 

    Will you connect it through an API to access your trading exchange account?

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       7 years ago 

      YesI think so. However, I still have to check how i can trade through exchanges' APIs.

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         7 years ago 

        I have the same experience. You must set up your own pump and dump group...but I don't recommend it as it's stupid stealing money from stupid people :-X

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        2 votes
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        [-]
         7 years ago 

        That the best thing to do ;)

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           7 years ago 

          That's really true, and we should not join any group who manipulate the market inorganically because that's not fair if an individual getting profits through his market expertise that's really great but when people join to manipulate the market is really not fair. Thanks for sharing and wishing you an great day. Stay blessed. 🙂

          $0.02
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          1 vote
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           7 years ago 

          I wonder if the courts might track down on some of these scams after the fact. Or if the community will try to police it self.

          [-]
           7 years ago 

          The community should have mechanisms to police himself like the flag we have in Steemit.

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             7 years ago 

            Thanks a lot for sharing your valuable post....
            Best of luck..I will still wait your next post....

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               7 years ago 

              Thanks for sharing this cryptocurrency..
              Best of luck..

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