Hi y'all, do not fall for the random discords promising you double your money day over day.
Crypto generally sounds too good to be true, but pump and dumps really are too good to be true.
A pump group owner profits by buying lots of the coin at the normal market price, then setting up progressive sell orders at their "pump goals".
Pumpers buy up all of their sell orders guaranteeing them a profit, and from there it is a free for all.
Pumpers will claim that if you pump correctly, fomo from outsiders will kick in, and the community can actually raise the price of a coin.
This is not true. No one is looking at these shitty coins thinking they are missing out. And a pump dump lifecycle is often less than an hour, way before anyone can realize anything is happening.
Everyone places sell orders before the targets so the price will start to fall before you will expect, and will normally fall below where the pump started. The worst part of the whole process is you end up holding bags, keeping you from making smart investments, or selling at a loss.
Instead, know that if you make money it is because you are screwing someone else in the group. And know that more often than not, you are the person being screwed.
Use your brain, invest in cryptos which are building hype because of solid technology, a strong team, and room to grow.