What are Discord servers?

Discord is a website and mobile app that provides text, voice, and video communication through community created “chat groups” called ‘servers’.

While there’s a huge range of Discord servers out there, not all of them may appeal to you. Using Discord Street you can browse through thousands of servers, search, and filter by tags. Discord Street uses a proprietary algorithm to deliver you the best Discord Servers that you’re likely to be interested in.

What is a Discord Server List?

A Discord Server List is a website that provides a way for you to find the Discord servers that you’re looking for.

Crypto pump and dump groups

The organizers can make the so-called pre-pump, that is, a preliminary pump, by purchasing a certain amount of a coin in advance and starting to sell it right from the beginning (from the pump start). At the same time, participants who have managed to sell the coin even more expensive than originally expected are valued and encouraged.

Those unsuccessful “merchants” who have lost money as a result of the described operation are referred to as “bagholders”. They can complain in the general chat about their financial losses, which will lead to censure: they say, why risk it if they did not take into account the risk of losing a certain amount of money.

P&D groups: conclusion

The vast majority of such groups that invite inexperienced cryptocurrency traders are fraudulent.

Crypto pump and dump groups 2021

These new cryptocurrencies can then be traded in online exchanges that operate 24 hours a day, seven days a week.

In 2018, initial coin offerings from 2,000 blockchain startups raised nearly $11.4 billion. The sudden growth in this market has raised both excitement and concern about potential exploitation and fraud.

What is a cryptocurrency pump-and-dump scheme?

Pump-and-dump (P&D) schemes are a type of price manipulation in which an asset’s price is artificially inflated so that a cheaply purchased asset can be sold at a higher price. Once dumped, prices quickly fall, and investors lose money.

In the cryptocurrency market, P&Ds are organized through pump groups, who communicate through heavily encrypted messaging platforms.

Crypto pump and dump groups telegram

What are we talking about when we speak of ‘how to pump and dump crypto’? Why should you know about the ‘pump and dump’ term when dealing with cryptocurrencies? Let’s try to find out!

The hype around cryptocurrencies — such as Bitcoin, Ripple, and Ethereum — increasingly leads to an emergence of different terms that have never been heard before. Today, almost every person can get crypto from home. However, there are still young people with no experience who want to become a part of the hype.
Not a new term, but now also used in the crypto sphere is ‘pump and dump’.

‘How to pump and dump crypto?’ is a rather popular question nowadays. Let’s find out what does it mean! In the crypto world, ‘pump and dump’ term means to pump and then to dump cryptocurrency. Sometimes it’s also called ‘pump and dump scam’ and means an illegal manipulation of the stock market.

Crypto pump and dump groups reddit

If it’s spiked recently and volume appears to be trending higher, be cautious. If you see big walls of the crypto asset on the buy side, there’s potential that a big group is making sure the price of the coin doesn’t fall below that price. Likewise, you may see big walls of sellers to make sure the price doesn’t pump too fast as the organizers pile into the coin.

If you suspect a cryptocurrency is undergoing a pump-and-dump scam, it’s best to avoid it.
It’s impossible to know without inside information when the organizers plan to sell. If you do have inside information, though, you’re probably better off contacting the Commodity Futures Trading Commission (CFTC) and providing the information to them.

The CFTC put out an advisory in late 2019 to warn investors about potential pump-and-dump scams.

Crypto pump and dump groups discord

Investors learn about pump groups through advertisements on social media.

To orchestrate a price inflation, an operator announces the target date, time and exchange to the pump group. This information is usually communicated at least one day in advance, without revealing the identity of the target token. Then, just before the planned inflation, group members receive the token’s symbol, and the P&D begins.

An Example of Pump-and-Dump Schemes on Telegram

Panel A displays a series of Telegram announcements by Big Pump Signal, one of the biggest pump groups, regarding their July 4, 2018 pump targeting Nexus (NXS).

Crypto pump and dump groups reddit 2021

P&Ds hurt the health of the cryptocurrency market while also demonstrate the feasibility of banning P&Ds.The Effects of the Bittrex Ban on Price and Volume

This figure displays volumes (Panel A) and prices (Panel B) of Bittrex cryptocurrencies and the control cryptocurrencies. The treatment group comprises cryptocurrencies listed on Bittrex on November 24, 2017, and the control group includes the matched cryptocurrencies not listed on Bittrex at that time. The control sample is formed by matching each coin (token) listed on Bittrex to a non-Bittrex coin (token) with the closest propensity score, where the propensity score is estimated using trading volume over the period running from 60 days to 31 days before the ban, market capitalization 31 days before the ban, cryptocurrency age, and past five-day return – the return during the five-day period before a pump event.

Crypto pump and dump groups 2022

Dec 28.

Last year, Putnins co-authored a paper titled “A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets.”

The report concluded that crypto pump and dumps have created “extreme price distortions of 65 per cent on average, abnormal trading volumes in the millions of dollars, and large wealth transfers between participants”.

On Oct 15, Cointelegraph reported that ASIC had been investigating schemes across crypto and traditional markets operated through social channels such as Twitter, Telegram and Aussiestock chat forum, HotCopper.

At the time, a Telegram account named “ASIC” posted a message on the “ASX Pump Organisation” chat warning its 300 members that the watchdog was “monitoring this platform,” and its members were being investigated.

“Coordinated pumping of shares for profits can be illegal.

Cryptocurrency pump and dump groups

Source: presentation to ASIC by Professor Talis Putnins

According to the presentation, there are a number of factors which have changed between 2018 and the time of publication, during Oct 2021. Over a period of six months in 2018, Putnins documented over 355 cases of crypto market manipulation.

He referenced the schemes’ “transparent intention to pump,” and the absence of any “genuine attempt to ignite momentum.” The schemes are “completely out in the open for everyone to see,” the presentation noted.

The presentation detailed the Telegram group “Crypto Binance Trading | Signals & Pumps” Sept 19 pump of fractional algorithmic stablecoin system, Frax Share (FXS), which saw a massive 90% on $65 million volume in less than one minute.

The outcome of the Sept FXS pump was a 90% price increase in less than one minute.

Xrp pump and dump group

During the announcement start time, each participant has a chance to see the countdown scoreboard by tapping a special link.

Useful article: “34 Telegram features one should know about”

Preparation and counting

At the second stage, funds are transferred to the accounts for the purchase of the specified currency. At the same time you can buy the maximum amount at a favorable rate by tapping the “Maximum” button. At this stage the fast, trouble-free work of the Internet browser is important (some seconds or even a split second decide everything), all the third-party programs and services are closed for this.

Reddit crypto pump and dump group

Large and hot currencies such as Bitcoin and Ethereum are excluded since hardly a group will be big enough to manipulate the price single-handedly.

How to find crypto pump and dump groups? Well, it’s necessary to try various social media platforms. For example, Telegram. All you need to do is just search for those keywords.

How to Avoid Crypto Pump and Dump: What Are the Main Reasons?

How to avoid crypto pump and dump? Why you shouldn’t join the P&D group? It’s unethical. It can destroy the reputation of promising coins. It will be illegal soon.
Oh, and you will most likely lose all your money.

New groups that are created every day often form an additional scam circle around existing groups. They present themselves as new and great ones but only take information from other scam sources. This usually means that the information comes with a long delay.

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