What are crypto pump and dump groups?

some ordinary day you might get a mail , "hey wanna make 400 bajjilion % profit in crypto? then join our pump and dump group (100% real)"

these are groups which invite you to join their group and pump a less popular coin calling you a member of their community and enjoy the profits.They then set a time at which everyone will buy the coin at same time which will boom its price and they all will make profit out of it.

Reality of these crypto groups :

most of you would be thinking of joining a crypto pump and dump group now but i am telling you dont fall for it , i repeat dont fall for it.What most of these groups do is basically they buy coin before they reveal the name of the coin to pump and when they reveal its name everyone rushes to buy it and the price suddenly booms to the moon for literally half a min or at most 2 to 3 and during this time when the so called community members are busy buying the coin , these group owners and admins are busy selling those coins which have already sky rocketed.This selling causes a huge selling pressure which makes the coin fall to its previous value with same pace as it boomed with and the community members go like "pepepe poopoo this group is legit it was me that was too late to buy pepe popo"

there are many crypto pump servers and groups which even have their own fake legitimate looking crypto exchanges and they themself contol the pump and dump and make fool out of innocent traders

Personal experience:

yes , I have also once become a victim of these scam groups when i was a crypto beginner.I got invited to a discord server where they used to pump coins daily and it seemed pretty legit.BUT GUESS WHAT......................The exchange they were telling people to trade was never a real one LOLLLLL , yes it was a scam exchange where people would deposit there cash to buy that coin and when they willed to withdraw it , it used to show something you'll see in the screenshot below

advice :

At the end of this article , I would like to sincerely advice all of you guys to not become greedy like I did.Always be patient and enjoy the rollercoaster of crypto candles and make money

THANKS :)