How to profit from pumps in cryptocurrency market?
If you stumbled upon this 5 minutes read I assume you are looking for the get-rich-quick scheme in cryptos, aren’t you?
Dear reader, today I’m going to educate you about one of the most easiest ways to make easy money with low market capitalization cryptocurrencies.
I am of course talking about the pump and dump (P&D) scheme involving the artificial inflation of a crypto assets value. P&Ds can probably be represented as the capture-the-flag of financial markets.
Sounds hard to understand you think? No, not at all — the only mandatory skillset required for this money making method it is having a good timing at buying and selling.
Is the pump and dump scheme legal in cryptos?
Yes, because of flaws in laws of most countries (including USA) in which cryptocurrencies are not considered as securities. The lack of regulations allows individuals or groups of people to manipulate the value of crypto assets.
Who is coordinating the pumps?
Groups of investors found mostly on Telegram and occasionally on other social platforms like Discord, WhatsApp, Twitter, and Facebook.
Do you know any of them?
www.main-st.org | owned by a group of whales who have legally registered their business in United Kingdom as MAIN STREET PUMPS LTD.
How do I start?
- Open an account on Binance
- Send bitcoins to your account or buy some if you do not have any
- Join the Telegram channel of the P&D
- Wait for the pump signal to be revealed
- Once revealed buy as quick as possible the given coin
- Slowly sell all the coins between a range of +100/500% profit
- Repeat
What are the risks involved?
Selling in loss if either you are not fast enough at timing your buys and sell or in the worst scenario possible the pump fails. You are therefore suggested to leverage the Trailing Stop Loss option so far as you are in the game. Remember as long as you are the only owner of your coins nobody can steal them.
What is the estimated profit per pump?
It is really hard to say, it all depends on people’s power of buy — the more volumes the bring in and the higher will be the targets. Timing a pump involves quick reflexes, automation and a little luck, but you can make more in 30 minutes than most traders do in one month. They can be very addicting too, once you have tried one you will wonder how you ever lived without them.
…enjoy the pumps, wish you good luck!
