Story of a pump and dump group on telegram

Hi All

The shortest directed distance between two points is under construction.

my first post and the aim is let everyone know to not to fall for these pump and dump group which let you know which coin to buy before its pumped and apparently make massive gain 10x or even 16x the orginal price.

Somebody posted a link to one of the pump and dump groups and i clicked to join. It was one of those groups where only admins can post. While scrolling I noticed there was upcoming pump being advertised and results of the last pump were also being mentioned. So I did the math in my head and the equation seemed pretty cool so i decided to take part in the upcoming pump which was four hours away.

I eagerly waited for the time and freed some money to experiment and surely the time did come. the final announcement was made and instruction were laid out so everybody in the group (12475 people) knew what they were doing.

Captain pump was even gonna post the direct link to the coin page, how very nice of him, so the coin was announced since i was on my laptop i quickly typed in the coinname in bittrex search to bring up the coin and noticed it was already about 200% but blinded by greed i just decided to click on the coin name to continue with the experiment (thats what I am calling it now .lol) everything was happening so fast prices kept changing every miliseconds and I placed an order at the last asking price which was 0.00086000 btc at the time and i picked up 25 units of the coin and before i knew it the prices came crashing down. it all happened with in two mins. and then it dawned on me that he was posted the direct link to the coin page so people could not see on the main page that the coin was already up by 200%

and my 65 dollars turned into 16 dollars. learnt an expansive lesson and i thought i should let everyone know not to get drawn in. I am now thinking modus of operandi here is that these people run another paid group to give people tips for next pumps and ask them to set buy and sell orders and then announce the coin name in those plebs groups. I have seen people post screenshot of how they lost whole btcs on these pump groups (unfortunately i did not take screenshots and admin of that other group removed those because that group isnt a pump group).

I suspect this captain pump guy runs several others groups and they all announce the same coin at the same time and let every one jump in. After the pump is finished he brags about how good of a pump it was and starts sharing screenshots of people thanking him on whatsapp (yeah whatsapp , he never shared his whatsapp number (or maybe he did before i joined)in this telegram chat so obviously they are his friends or paid clients or actual group members).

And it could be that there is no foul play involved at the guy genuinely wants everyone to make money by running a free service but you have been warned to tread carefully. As i said in the beginning the shortest directed distance between two points is under construction so go on a proper road and be patient because it might take you longer but you will more likely reach your destination.

Please let me know if you had any interaction or postive/negative experience with any of pump and dump groups.