telegram group

[kpitcher]

I saw a telegram group with 8 thousand people in it with a sole purpose of Pump and Dumps. I can not speak for them, however looking at the past history they do get the price up there. Next one is 11pm Tue on cryptopia



https://t.me/altcoinupdates


I don't condone what they do, but this is an informational service

[Mordan]

free market.
competing currencies

[dannno]

There are some on discord chat also.

They give you the heads up based on how many people you invite to the group, so if you have no invites you're in the last group to find out which coin and when.

[kpitcher]

I watched it in action and it is surprising to see 20 BTC in volume hit all at once. The coin they pumped this time was MATRX. It was starting around 900, the buy in hit, it briefly pumped to about 4000 and then fell back to 900. It was over in minutes.

The only explanation is the runners of the PND kept putting in sell orders every second. No chance for any random lackey to get in on a sustained pump. Not shocking I know, just surprised they keep thousands of users with that sort of failure to have users profit.