RE: Inside A Crypto Pump & Dump Organization, Part 1 - The Setup + Discord Invite Links For The Inquisitive & Foolhardy!
Interesting bit of information, I'm glad you brought this topic up to light for me and others to have a think about
I took a look at one of the groups you sent me an invite to... This does seem pretty insane in terms of the economic value... It's like casino-roulette style market-trading lol.
I would be deeply suspicious of "joining" an organization that deals in this kind of stuff... How the hell do you know you're not going to be at the tail end of the signal, buying the high right before the price collapses...
I suppose if these groups were made of tens of thousands of people, and the operation lasted a few weeks; it could be.... interesting?
But if its just a couple a whales running the show and they're just looking to loot other people's wallets; it's like how would anybody be interested in this?
I have a hard time understanding how this even works? I guess some people just want to be a part of a group when they enter the market and don't have the analytical and technical skills to make informed decisions by themselves?
It's a herd mentality towards gambling... Why would anybody be interested in this?
The idea is that it won't be gambling. Since it's an organized operation, the perception is that everyone makes money. Reality is something else. It simply appeals to greed, which reliably works on humanity.
Yeah... That's the idea...
Like you say! The reality is completely different!
All that money that the early guys giving the signal makes will be coming straight out of somebody else's pockets...
It's literally a mass market ponzie-pyramid event... Those who get in first will make the lion's share of the money, those who follow will capitalize in a decreasingly significant fashion... Eventually the table's turn and those who will be be buying will be buying in too late which means that when the sell-off occurs and they're left holding bags... Their extra money will be in those early-bird whales' wallets...
I picture it as one of those shuffling of cards rapid number crunching things that looks a little bit like this...