How do you go about profiting from a Discord Crypto pump scheme? Read on and find out!
There is money to be made from a cryptocurrency pump and dump scheme. Otherwise, no one would take the trouble to initiate one. In other words, with the appropriate timing, you have an opportunity to make money from a pump and dump ploy.
Yes, someone is going to make a loss for you to win, some even lose big time. Yes, a crypto pump and dump scheme is unethical, or illegal in some jurisdictions, or precarious.
However, someone is going to make tons of money. The trick, as ever, is to be on the winning side. Question is, is that you?
Do you want to make some money from a crypto pump and dump scheme?
Hang on! What is a Discord Cryptocurrency Pump and Dump Operation?
Cryptocurrency pumping basically means that members of a large Discord server group purchase a target coin within a short time.
To put it in another way, a bot or a server owner schedules a date, and a specific time, when its members, together, as one, pump a certain crypto coin.
The pump period may last a few seconds or go on for days, leading to a massive price spike.
Of note is that a big portion of pumps today last a few seconds only. That is because the majority of the participants use bots that allow speedy entry into and profitable exit from trades.
For the group to do a cryptocurrency pump properly, they make use of a trading platform. The most common platforms being KuCoin, HotBit and Binance.
Pumps are made to happen at a certain, very specific time, depending on the target channel. In addition, members receive prior information about which currency shall be used to purchase the target coin, USDT, for example.
Once an announcement is put out, it becomes imperative that members purchase as quickly as possible so as to get in at the level when the coin is cheapest.
Next comes selling by setting an order above what you bought at, using a specific pump strategy provided by each server.
The objective involves profiting from the resultant FOMO triggered by the pump.
Sample Discord Crypto Pump Server Strategy
Each Cryptocurrency Pump Discord server group has a distinct pump strategy. However most of these strategies have a basic formula, which is:
(a) Market Buy to obtain the least target coin price possible.
(b) Limit sell to a higher price than what you bought your target coin at. It is critical that you avoid market selling because you naturally lose money to current buy orders.
(d) Never panic sell.
An excellent sell opportunity exists, which also gives none members an opportunity to play catch up. That way, an opportunity appears that lets you make a sell order to those who fear on missing out.
(e) Important Note:
Do not venture with a figure you cannot afford to lose, and remember, guarantees do not exist.
If you follow the strategy rules, you gain while some will lose, particularly anyone who market-sells or panics.
Nonetheless, a strategy ensures a rock steady pump that maximizes profits for the Discord crypto coin pump membership.
What Shall Be Your First Discord Crypto Pump Steps?
Every discord cryptocurrency pump server has a checklist that helps you prepare for an upcoming pump.
Naturally, you shall be required to setup an account with your platform, such as Kucoin, hot etc.
Next, you have to fund your trading account with original trading crypto, USDT or BTC for example.
Remember that a pairing announcement comes closer to the crypto pump.
What comes next is creating your trading password and entering it.
After that, each crypto pump server will present you with regular informative posts about how you can maximize profits from the upcoming cryptocurrency pump.
How Does A Successful Discord Server Crypto Pump Look Like?
First off, pump and dump ploys in the cryptocurrency market operate with little or no regulation. That is because it is difficult to classify a target coin as a consumer product or an investment.
As such, they do not fall into any clear existing consumer or securities protection law. With this in mind, put in money you can afford to lose.
So, how does a normal crypto pump and dump ploy look like?
It is vital that before joining these pumps, visit the server that provides you with unbiased analysis of the pumps so that you can understand the pump's anatomy. The magic link for this is https://discord.gg/WQ6smHkPCy
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Why You Need A Bot for A Discord Crypto Pump Ploy
A bot gives you an opportunity to maximize your profits during pumps. Rather than purchase a coin manually, your chosen bot automatically does it with lightning fast speeds.
Another factor in maximizing profits rests on a bot’s ability to detect sudden increases. That is in coin prices and volumes, and then proceed to make a purchase depending on your set parameters.
If you participate in a pump covered by several servers in collaboration, a bot allows scraping of multiple servers. That way, you create an opportunity to gain a head start once the first server makes the initial posting of the target coin.
Finally, a bot gives you speed. If you participate in pump manually, you average buying speed is six seconds. A bot is often 20 times faster than this, initiating and completing buy or sell orders within 31ms or 0.031s.
There is a wide selection of bots out there in Discord to pick from. Options include Quick Pump Bot and PumpSniper
In A Nutshell
A Discord crypto pump and dump ploy occurs when a Discord Server or Group membership purchase a crypto coin at the same time.
The result is the rapid increase in target coin price by a large percentage within a very short period of time.
Members profit from buying at the bottom of the price range and selling at a higher price, the dump. Whoever is the fastest makes a large profit and with a bot, you accentuate your speed by a huge margin.
True but only trust the big best groups. That example pump with good reviews was from https://discord.gg/kucoin