Four days ago i made this post Thinking of joining a pump and dump group? Think again DONT . I am glad with the outcome because it got 94 views ! So that means some of you learn something the easy way !
Yesterday i come across this post NEXT CRYPTOPIA PUMP — Tuesday 18th — Mission 10000% another example of PnD scam and he is luring people from Steemit platform aswell !
So let me introduce you ⛳️@zeroshiki Joining fee : Free ⛳️
He give instructions to participants buy up to 0.002 and don't sell till 0.0049 more likely to stockpile all of them their sell orders over there & create a kind of stop wall
So if participant X (or victim X )buy in to this pump with 0.01 BTC you could walk away with 7 BTC ! Thats good !! But its good to be true !
The break down
100 participants from 1356 members his telegram group. Puts 0.01 in to the pump and sets the sell order at 0.0049 thats 700 BTC sell order! This number is crazy even for legit coins on bigger exchanges !
The Rich List
When you see something like that is bad news ! Someone is desperately looking to dump on the first chance and in combination with light weight order book thats bad news X2 ! I guess you can imagine why...
And still this guy claim success !
What it really happen is he has prebuy and 2 minutes after the pump has started he dumped on his group !
The same old story !
Conclusion
Don't be greedy my fellow Steemians especially those who are still testing the waters of crypto trading !
Don't forget 0.01 maybe sound funny amount but for someone else could buy food for himself & his family!
Crypto is all about patience and discipline !
P.S. Maybe this guy ⛳️@zeroshiki⛳️ isn't the owner of this pump group , but by supporting & promoting such kind of activity make him part of it !
-Rouketas