This is a little guide in how to participate in a Pump in Dump with crypto. Keep in mind that this is an easy way to earn money, but you can also lose money if your timing is off. SO BE CAREFUL.
STEP 1: Find a Pump and Dump group
The first step to participating is finding a community that has the following and assets to pull off a pump and dump. I use Big Pump Signal:
Here is the discord invite link: https://discord.gg/R28PBmm
One this server, you can see people talk about crypto and other dumps as well as participate in the pump and dumps when they occur and they sometimes run giveaways for ETH or what have you. However, you MUST join the Telegram if you want the signal in enough time to actually make money. In a pump and dump, you have less than 15 seconds to buy and sell or you will lose money. I use the telegram app open to the pump announcement chat and have Binance open at the same time. I would personally suggest using this group because there are other groups out there that merely want to scam people and give false info to make themselves more money. During the times I have used this group, they have been fair about their operations.
STEP 2: Have ETH or BTC ready to buy the crypto that is being pumped
In order to effectively pump and dump, you have to have some ETH or BTC to buy the coin of choice with to then sell it again. When pumping, NEVER DO 100% MARKET BUY ON BINANCE. When the coin is announced, the price will move too fast for the market buy to keep up if you choose all of your available capital. Use 50% or 75% to buy so you have that buffer for price fluctuation.
STEP 3: Have the Binance exchange page open ready to type into the search area while watching the Telegram chat
I ideally like to get ready 10 minutes before so I know I am ready when the clock strikes the exact time the message is sent. Sometimes the messages are a few seconds late but it will be there. When you see the name load on your phone, type the name into Binance and market buy at 50 or 75%. Then, when you see a price that allows enough profit, SELL! DO NOT GET GREEDY! If you get greedy and wait for it to go higher you will only get burned. Get your profits and leave. Let other inexperienced traders take the loss from not being quick enough.
Step 4: Enjoy your profit and wait for the next pump!
Pumps happen once every few days or so meaning if you cant make one for whatever reason, there will always be another one. Don't get impatient and lose money because you are busy doing something else while this is going on! Doing this requires your full attention otherwise you WILL lose money.
Various Tips:
-Have a good amount of money to buy in with. Not too much, but not too little. If you buy with too much and you get unlucky, it will sting a lot. If you buy in with too little, you will hardly see any profit.
-When the time comes, just be calm and go through the procedure. For your first time, just invest a little in to get the
hang of it. You can invest a larger amount once you get more comfortable with the operation.
-Don't be discouraged if you fail at first! It takes practice to work fast enough to make this a profitable activity. This is why i say go in your first time with only a little bit.
I hope you guys enjoyed this guide! If you want to see more, upvote, resteem, comment, and follow! Lets all have a profitable 2018!
Yeah I've defintely been seeing more of these pump n dump discord/telegram groups popping up.
Its definitely lucrative if you know how to do it right.
This is not the way to make money leaving others to lose.
The idea of all of this is to make a diference in technology, not to affect others with false prices. Not cool.
Wow, this is exactly what Crypto DON'T need.
Are you serious mate? This is disgusting, sorry but I don't find other words. We should help each other and not take advantage of newcomers...
I really hope you get burned hard one day...
Fuck off mate if people mess with things they don't understand, there is a high chance they will get burned. Not everyone can be a winner that is just the way the market is. How do you think pump and dumps even make people money?
Watch your words man!
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Excellent article, thanks for sharing this.
There are some exchanges that look into pump & dump activity and will deactivate accounts involved in them.... Just a warning. Also... free groups & PnD signals don't go well together. Most of the members of free groups are the people that pay for the profit of paying members.
That is true, that is why caution is 1000% necessary. It is still possible to make money if you are quick enough without a paying account
Yeah, not my cup of tea... I'll just go for the honest money ;)
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