Quote from: Muhammad Muneeb on January 25, 2018, 04:38:27 AM

Quote from: jpmorganjk on January 25, 2018, 03:30:32 AM

A cryptocurrency pumping group is currently hosting a $1,000 ETH giveaway.

If you're unfamiliar with what a pump group is; here's a definition taken from the group:

What is pumping and how does it work?

Pumping is a process where a large amount of people agree to buy a certain currency at a specific time. This pumps the price up significantly; allowing the group to then dump the currency at a heightened price for profit. If you participate in a timely manner; there is significant profits to be made by all.

To join the group for free; and for more information on how to win the giveaway, join using this link: https://discord.gg/F4HpKXj

such a bad idea to make money by the admins of the pump group. admins purchased the coins which they are going to pump in the cheap and then they tell the name of the coin at the very last moment before the pump so the new traders placed the orders at the higher prices to buy that coin or they start purchasing that coin from the sell orders which are from the admins of the pump group at the higher prices.

This is why supporters of a coin must have large sell orders at high prices to avoid pumps. These scams look for coins without sell prices high up and they fabricate their own high prices and buy and sell among themselves hoping to bring i people.

This particular one is actually making a group to bring people in AT THE PEAK, so no one will know about the coin until it hits the very top of the curve.