There are a lot of rumors, one of the main rumors is that he has a closed group on Facebook (S C M), where he teaches people to buy very cheap coins, only to dump them as soon as he sees fit, leaving other people behind with no money left. He takes advantage of new traders who don't know any better.
He is known and has a reputation, so people sort of blindly follow them, specially if they get into this through his channel. He stocks up from his poor followers' money, and gets rich from that. He might give sound advice sometimes, but I'd stay as far away as possible from him. Chris Dunn is a lot more plausible.
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rumors rumors rumors!!! try to post facts, instead of rumors, come on...You are so wrong...Yes it's a closed group, and i'm glad because on this way it's a select audience without to many noise from ouside with shitty posts etc. we are all working together, people are doing there own analysis of coins and bring them to the group to discuss. Because of that we ran into a lot of interesting coins, ICO's etc. The group is working togheter, on there selves, without Michael's interference!!! Isn't it the basic rule of trading BUY CHEAP SELL HIGH...what's wrong with getting info about cheap coins?? Are you here to trade, or what? If there's one thing that Michael promotes in his yt video's, is to HODL on a coin, and not to dump it !!! He maybe calling himself Suppoman, and having an ego, but he is just like you and me, NOT PERFECT and human who makes mistakes from time to time. Yes he uses some coins to trade in the short term, buy, sell and go on, and so he has his favourit coins for the long term as well, the most logic way of trading, the way i trade, the way lot's of traders trade, and i'm making money because of his course... so what's your point? Maybe you should join his group, so you can talk about your experiences instead of rumors!!! happy trading
Thanks for commenting.
So him being pump and dump dude, well I don't really know that or have any facts to back it up.
For a smart person, reading this article would be sufficient to stay away from his advice's. Yeah, Chris Dunn is certainly better source information than suppo.
I find that when a coin is mentioned on his FB (SCM) and check the coin it is already 100% overvalued. If you jump in at that point you are bound to lose money. So basically, you need to know him personally so he can tell you what coins he will mention so that you can buy them before he posts on the FB page. I have learned the hard way (and over $1000 in losses) that you shouldn't buy into the coins mentioned on his FB page.
Thanks professor, I just joined that group after the udemy course, i was suspicious of the private group, trust no one.