RE: Pump and dump scam

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Pump and dump scam

in bitcoin •  8 years ago 

How does this work? How is someone aligning a couple thousand people to start buying at the same price/time? I can't figure out a way to coordinate that!

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That, I don't know yet. But what I do know is they have another group where they share these info way earlier. That way, a small group can invest in a coin what is worth <0.0002 BTC before someone else is investing.

At the time a couple of thousand people are about to invest, they are ready to sell their coins immediately.