The cryptocurrency trading business is foreign exchange of various cryptocurrencies. This means that we trade a country's centralised currency with various decentralized currencies called coins/tokens like Bitcoin Ethereum, DogeCoins, Ripple, etc and also various decentralized currencies are traded with other decentralized currency like the BTC/ETH Market.
As traders, our job is to take advantage of opportunities in the markets. Sometimes, these opportunities come in the form of entirely new markets. I've been interested in cryptocurrencies for a few years now, but I've been very reluctant to trade them, much less write about trading them. I felt that there was just too much risk.
Especially for the average trader.
…and quite frankly, I didn't understand them well enough myself.
Now, to earn a decent profit there is only one mantra and that is buy low and sell high!
People who are usually not aware of the trading business become an easy target of the pump and dump game!
But, this should also be kept in our minds that every pumping is not related to unhealthy activities
Pumping word actually means (here) that more and more people are interested in coin because of certain exclusive features offered by it and so this increases the buy orders hence increasing the price of coin.
So if someone wants to Earn massive profit he or she needs to get on the current or future pumping coin at the right time! The sooner, The better
This pump could be of two types->
completely legit which is usually community based
or could be operated by Whales
【Whales are nothing but people who have large amount of cryptocurrency stored in the bank they intend to sudden increase in price that is pumping on huge basis but afterwards selling all their tokens at once this leads to a massive dump rather than any profit】
Coming on the topic now, community-based pumps our good to participate in as they are operated by crypto experts who have technical analysis which plays a major role in the market movement. These people are also good understanding various candlestick charts that offer significant information which cannot be figured out of normal lined charts
But the actual problem lies in finding a group or community based pumping station that is fair enough indeed.
Fair enough is given stress here because there are many groups circulating on various social network that are actually meant for giving profits to its primary members and not other members. These primary members are none but insiders who are actually given all the information about the coin beforehand the pump starts.
This creates Disparity with other members of the group and it is actually not at all fair.
You can easily find many pumping groups on the Internet but the one which I like the most is named as “Top and Fair for All” on Telegram. As the name suggests this group is clean as Bitcoin and is operated by youth crypto enthusiasts who study the markets well.
Conclusion-)
I have been too many of such groups and did research a lot but none was worth entering. Although this one is ideal and fair enough.