Hi my fellows friends, family & subscribers um back again with another episode on pumping and dumping of crypto currencies. Without wasting much of your time lets get into detail and see how investors lose money during the pumping and dumping process.
How is it Done?
What happens is the scammers behind the Pump and Dump they decide on which exchange platform they will be pumping e.g Kucoin, Crypto.com, Uniswap, Pancake-swap etc and they create a group and then they add their victims in that group.
They will then tell their victims on the day they will pump and that moment they will tell the victims the base currency they will use e.g if its on UNISWAP they will tell you to have Ethereum in your wallet ready and if its on Pancake swap they will tell you to have BNB and if its an Centralized Exchange like Kucoin, Crypto.com or Binance they will tell you to have USDT in your trading wallets. So what they will do is they will find a token with low supply as this is easy to manipulate.
They will start giving you a countdown reminder reminding you on the day it will happen so you will have to be ready on the day. Lets say the day is Saturday 21 2021 at 17.00pm then at exactly 17.00hrs they will give you the quote currency e.g Shiba Inu so if its happening on Centralize Exchange the pair will be Shiba/USDT so when they post you will have to be quick to open the currency pair and place you trade as fast as you can then once the price is up people close their buys.
The Pump Results
When the game is over there is always 2 things involved its either you win or you lose. 99% of the Investors lose their money and i am sure you are all wondering how do they lose their money. So lets look at the last segment and see how they are tricked and trapped which will lead to their downfall.
How they are Tricked and Trapped
You know as human being when we are after something there are always keen and will be all happy to jump in and they forget to pay attention so some details which will costs them their fortune.
If you have noticed from the beginning of my article i have mentioned that they will give you the base currency only then on the day of pumping they will just surprise our on the Nicodemus hours and they will tell you the quote currency and tell you to trade but when you enter you will notice that you will be late and your trade will never get into profit and you will ask why.
What you do not know is that these they would be holding their buying positions and they will then tell you the coin to buy but what we do not know is they will be just tricking us to provide liquidity for them to sell their positions that is why when you buy you will notice that the price will fall drastically. There is no easy money in pumping and dumping its all just misery in there. What i have discovered is that mostly they pump and dump newly listed tokens and some of them you can buy but you will not be able to sell them.
I am talking from experience i have been tricked too and i lost money so its not something that i am just writing about. I am not saying do not participate you can do your own research and find out you might be on the winning side.
