Pump and dump bitcoin values
There are over nations on planet Earth, then the largest "nation State" is cyberspace. There are more residents in cyberspace per daily hour than in even the largest physical country China. However CyberSpace has no Army, no police force, no court system nor any jails. So many industries rely upon the internet today it is "impossible" 2 'turn off' and one day eventually a massive CME Sun Coronal Mass Ejection or EMP will turn it all off for months or years Thus I keep my gold and move away, it makes no sense to fight battles that you will probably lose especially if it is a pointless fight in the first place I would recommend https: How Bitcoin Pumps and Dumps Work.
Patterns Bitcoin pump and dumps work in a very simple yet straightforward manner. Pump and Dump schemes comprise of two groups of people. The first group is players who play by artificially increasing the price of the Bitcoin by endorsing or promoting it. This category of individuals spends their time finding cheap coins to purchase then wait for when they are ready for dumping and build a buzz about the coins. The process of finding and buying cheap coins can take as quick as minutes or as long as hours or even days.
How Do Pump and Dumps Work. Authors get paid when people like you upvote their post. Hate to point this out 2 u ; but, ain't nothing illegal on the internet except kiddipawn In a way you are right, those guys alway sseem to get away with it. Thus it is literally the Wild West of almost anything goes.
As we rely more on technology this is gonna really mess up a lot of people: In the mean time there are only three types of people. Those running scams [ multinationas and corporations and those getting caught in scams , sheep; workabees and dumb fucaz! However there are plenty of sheep out there and I have become a "wolf ": But the reality is a bit more complex.
These groups are promoted heavily on Facebook, Instagram, and Twitter as both ads and general posts, but they almost exclusively operate on semi-anonymous messaging services like Discord and Telegram.
The whole scam works like this: First, an organizer grows their group to an acceptable size 2, seems to be the minimum, based on member-hungry Discord and Telegram posts through promotion and by spamming join links.
Next, they will find an unheard-of coin and direct everyone to buy it, driving the price up. Commonly called altcoins or less politely, shitcoins , these alternative cryptocurrencies are easy to make and generally worthless.
I spent a day lurking in 12 of these groups ranging from large Big Pump Signal, K to small Cali Pumps, 2K and chatting with their members. In most established groups, the pumping process itself is surprisingly well-organized. After the pump signal is given, group members flood the chosen exchange, buying up as much of the coin as they can for cheap. Members are also expected to promote the coin on social media in order to create buzz around it, which is intended to attract new investors to the currency.
As BuzzFeed reported, members of these groups sometimes even create fake celebrity tweets or fabricate news stories in order to affect the price of a coin. Almost immediately afterwards, it began to rise in value. Anyone who invested immediately and dumped right at the peak could have potentially earned a I could just do it again. You just keep losing money until you don't have any left, and the organizer makes out like a bandit, because not only is he profiting off buying it before anyone else, but he's charging people for the group.
Tiered access to the pump signal a. High-ranking members may be sent the pump signal anywhere from half-a-second to three seconds earlier than the general pool, a disparity the groups advertise openly.
Like most involved in the scam, Spann first heard about the groups through Twitter, but quickly became hooked. While a couple of seconds might not seem like much of an advantage to an outsider, in the fast-paced world of pump and dump, it makes all the difference.
The general consensus within the groups themselves is that this is due to bots, which are allegedly used by members to buy and sell large amounts of coin almost instantly. The fact that it is so easy to lose money may just be due to the structure of the scam, however, in which elite members are the only ones positioned to profit.