Post
Topic
Board Economics
Re: NEW PRIVATE MASS INVESTING GROUP IDEA
by
buwaytress
on 10/01/2018, 08:29:02 UTC
I'm not trying to scam anyone dude. I'm just trying to see if this would idea would actually work. I'm not asking for money for anything, just wondering what would happen if everyone teamed up.

1. The idea doesn't work. You might want to refer to and read up on "pump and dump". Plenty of pump threads available in this very forum. You'll soon learn that your idea is not new, many have tried it before and ultimately it doesn't work.

2. If it does work, it will be only for the few, early ones who dump before the rest do. This means that the only way it can work is by dumping after the ones who buy into your pump raise the price high enough. By the time you dump successfully, price will have crashed, leaving all the late pumpers holding cheap coins. Sounds like a scam to me. So I consider all pump groups scams.

3. If this were a legit request for info, you'd be using your own account.