Didn’t Find Enough Information about Pump and Dump Crypto Signals? Swipe Below and Find out Everything You Need!
Pump and dump crypto groups are channels that post signals on unknown crypto coins, which influence the price of a crypto coin with the low volume, and its value increases.
Safetrading lists about 20 Bitcoin pump and dump signals channels.
As you can see, there are no “approved” groups.
I am sure you heard about the pump and dump signals.
The thing is that 99,9% of the crypto pump and dump Telegram is a special form of scam.
And below we will tell you why!
What Are Pump and Dump Crypto Telegram Signals?
During our experience with crypto traders, we noticed 2 most common schemes with pump and dump crypto signals.
Let’s go through the first type with the example of Crypto Kirby.
If you message them to buy a membership, you will get the message with their VERY, VERY high prices.
Then, imagine, you decided to subscribe.
Then, in a couple of days, you will receive a message like “We have a very profitable pump signal, but only some users can get an opportunity to take part in it. To be one of those, you need to send 0,1 BTC to this wallet.”
Very naive users send money and then… that is it.
This Bitcoin pump and dump scheme is “about pumps”, but actually the admins of such groups only claim they have something, but in reality they simply scam newcomers.
The second pump and dump signals scam is really about pumps.
You subscribe, and then start to trade with the help of their signals.
But those signals are not for you!
Ha-ha.
How is this possible?
Actually, it works like this:
The admin, his friends, etc. want to earn some money. They start to promise that soon they will post a huge pump coin. They write the names of those coins, the time of publishing the signals.
Then, before posting the signal, they buy a certain coin at a very low price, and after that, they post the signal.
Usually, such groups have many paid members, because they set low prices or sometimes are even free to join!
The more people buy this coin, the higher the price of it will be.
Very simple.
Only admins and 10% of paid members are lucky to get the profit. Other people earn nothing.
Even more!
Some of them wait till the coin costs more, and in the end, they are in a huge loss.
And you are lucky if the group is free to join and you will not waste your money on the subscription!
Which Signals You Can Trade With
We have a lot of users asking us to advise a good pump and dump crypto channel.
Do you know what we advise?
We tell them to choose an approved crypto provider who managed to succeed in our AI review!
Yes, they don’t offer pump or dump signals, but they post clear and profitable signals!
Below I will provide you the list of good and reliable crypto traders with will not only save your money but help you to earn more of it!
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Altsignals Trade Calls - this group offers professional crypto signals, and the channel has a couple of very experienced traders behind it.
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Crypto Classics - they have more than 15 years of experience in trading! If you are looking for profitable Binance signals - choose them and start to earn money!
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Sublime Traders - this channel is rather new but very experienced. Profitable Binance and BitMEX signals, perfect support, and good prices are waiting for you!
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OnwardBTC - they went through the hard and long ways to become experienced traders! And now they can offer very profitable signals and low prices on the services!
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Fat Pig Signals - the good provider of Binance and BitMEX signals. They offer perfect support and affordable prices.
Final Thoughts
Today we discussed with you how does Bitcoin pump and dump work.
Now, you know why you DON’T HAVE TO trade with their signals - it is simply unprofitable, and you will waste a lot of time and money on them.
Above we provided you the list of trusted crypto traders who will give you only profitable crypto signals.
Is it illegal to pump and dump cryptocurrency?
I can't say it is illegal but it is senseless for users but very profitable for admins of such channels.
Safetrading - don’t trade with scammers, earn with traders.