Guide to Crypto Pump & Dump

If you don't live in a cavern or in the woods, you probably have heard of GameStop stock price in the past weeks. A big community from /r/wallstreetbets have put their force together to raise the stock price and fight against big hedge-funds using strategies, which harm the people who are already in a bad situation.

While market manipulation is illegal for stocks, it is not for cryptocurrency as it is not regulated yet. Probably will be soon, so this is a unique situation.

A new community was created and pump and dumps of cryptocurrency are organized. They have already recruited over 40k people and the first p&d last week was a success and people made gains up to 45%! The next p&d is tomorrow, Thursday 11.02.21.

How does it work:

1. Coin gets announced on Discord at 19h UTC to the community
2. Everyone buys coins (you have to be fast)
   3a. 3. Within maybe 30sec - 1min you will start the price to go to the moon
   3b. The p&d is spread on social media (if you buy in because you saw the announcement on social media, it's too late! xD you have to be in discord to be under the first buyers
3. People from social media or people monitoring p&d with bots will start to buy coins
4. The price goes up and up
5. You have to get out before the dip. That's the hardest part. You don't want to sell to early because of FOMO (fear of missing out) and you shouldn't sell too late to not make any losses.

My tip: Don't be greedy. Gains of 20-30% are already great. As soon as you bought the coins, check the price you paid, calculate the price you want to sell to make that profit and fix a "sell when the coin hits X (the price you want to sell).
If you join the weekly p&d and reinvest your gains every time, you will make a lot of money.

If you want to make some money, join https://discord.gg/xCqvm2ztUN