Lord777
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Hello, today I will tell you about a very popular scheme for divorcing hamsters for binance, which, to my surprise, is still flourishing.
Pump and dump
This scheme is called very prosaically "pampandamp", but before delving into its essence, a little bit of terminology for dummies. Binance is a cryptocurrency exchange (the place where coins are bought and sold). The whole point of trading on this exchange is buying at a lower price and selling at a higher price. At the same time, the exchanges have leverage that allows you to increase the deposit several times and get a trade profit directly from the increased amount. At the same time, the risks grow, because if you trade with leverage, you have a chance to lose all your money.
The exchange has a chart that visually displays price changes. This big green dick is called a pump. The big red is the dump. And now in more detail. In normal market conditions, the price changes depending on supply and demand. In the case of pump and dump, speculators with thick wallets manipulate the price. In a nutshell, they sharply buy a lot of coins, provoking a rise in price, and then just as sharply sell them at a higher price. And of course, the objects of these shenanigans are by no means strong coins, ala ether, cardano, matic and even dogi. Everything happens on shitcoins (shitty coins with a small volume) So what's the scheme?
Let's take an example. Here is a fresh pump group in the telegram. The guys introduce themselves as "whales" (dudes with big bucks) from Asia, whose goal is to give people money. 50,000 subscribers per week. No comment .. How do they work?
A few hours before the pump, they warm up the audience, notifying all subscribers with regular alerts. There comes an hour x, the name of the coin is thrown out, the hamsters fly in to buy, and the admin cheers everyone up with motivational gifs.
The price really skyrockets, proofs are thrown at the end of the pump. It would seem that everyone is working, everyone is happy. But no!
Remember once and for all. Nobody will let you earn just like that. Only a few can make money on a pampandamp. The bulk of them lose their money providing a safe income for the channel owners. I'll explain now. I will not sign on how the price changes and what influences it. A week of posts won't be enough. All you need to know now is that if these whales who have poured a lot of dough into a certain coin want to sharply sell their entire volume, the price will automatically collapse, just like a house of cards. That is, they will not be able to sell all assets at the best price, which means they will earn an order of magnitude less. This is where gullible subscribers come to the rescue. Pay attention to the picture.
It shows the price at which the pump signal is given. Naturally, at this moment, thousands of people fly into the coin and start buying aggressively. But why is it that the coin is not growing? And all because just at this moment those same whales withdraw their funds. As a result, people stop flying in and the price drops rapidly. Subscribers have lost a substantial chunk of their deposit, and the whales are counting their profits. I would not be surprised if these creatures also manage to short the coin at the moment the subscribers fly in. Whoever understood, he understood.
Outcome
What can we conclude? All of these pump channels are triggered for the same purpose. Get profit from your subscribers. Of course, the fastest hamsters will work, since the price will still fly up for some time. Most will lose, however. If you do not understand anything about crypto trading, but really want to learn, please bypass these channels. Trading is cool, pump signals are a scam.
Pump and dump
This scheme is called very prosaically "pampandamp", but before delving into its essence, a little bit of terminology for dummies. Binance is a cryptocurrency exchange (the place where coins are bought and sold). The whole point of trading on this exchange is buying at a lower price and selling at a higher price. At the same time, the exchanges have leverage that allows you to increase the deposit several times and get a trade profit directly from the increased amount. At the same time, the risks grow, because if you trade with leverage, you have a chance to lose all your money.
The exchange has a chart that visually displays price changes. This big green dick is called a pump. The big red is the dump. And now in more detail. In normal market conditions, the price changes depending on supply and demand. In the case of pump and dump, speculators with thick wallets manipulate the price. In a nutshell, they sharply buy a lot of coins, provoking a rise in price, and then just as sharply sell them at a higher price. And of course, the objects of these shenanigans are by no means strong coins, ala ether, cardano, matic and even dogi. Everything happens on shitcoins (shitty coins with a small volume) So what's the scheme?
Let's take an example. Here is a fresh pump group in the telegram. The guys introduce themselves as "whales" (dudes with big bucks) from Asia, whose goal is to give people money. 50,000 subscribers per week. No comment .. How do they work?
A few hours before the pump, they warm up the audience, notifying all subscribers with regular alerts. There comes an hour x, the name of the coin is thrown out, the hamsters fly in to buy, and the admin cheers everyone up with motivational gifs.
The price really skyrockets, proofs are thrown at the end of the pump. It would seem that everyone is working, everyone is happy. But no!
Remember once and for all. Nobody will let you earn just like that. Only a few can make money on a pampandamp. The bulk of them lose their money providing a safe income for the channel owners. I'll explain now. I will not sign on how the price changes and what influences it. A week of posts won't be enough. All you need to know now is that if these whales who have poured a lot of dough into a certain coin want to sharply sell their entire volume, the price will automatically collapse, just like a house of cards. That is, they will not be able to sell all assets at the best price, which means they will earn an order of magnitude less. This is where gullible subscribers come to the rescue. Pay attention to the picture.
It shows the price at which the pump signal is given. Naturally, at this moment, thousands of people fly into the coin and start buying aggressively. But why is it that the coin is not growing? And all because just at this moment those same whales withdraw their funds. As a result, people stop flying in and the price drops rapidly. Subscribers have lost a substantial chunk of their deposit, and the whales are counting their profits. I would not be surprised if these creatures also manage to short the coin at the moment the subscribers fly in. Whoever understood, he understood.
Outcome
What can we conclude? All of these pump channels are triggered for the same purpose. Get profit from your subscribers. Of course, the fastest hamsters will work, since the price will still fly up for some time. Most will lose, however. If you do not understand anything about crypto trading, but really want to learn, please bypass these channels. Trading is cool, pump signals are a scam.
