“Altcoin pump and dump” is the method of market activity our investment group is based on. It attempts to boost the price of a specified altcoin. Profits can be made by selling the coin on this price peak. As soon as the coin of interest is announced, every member of our group buys a certain amount of it as quickly as possible: The price will rise heavily during the pump. As soon as you are satisfied with the coin’s price, you are free to sell of your coins for a higher price than you initially invested.
Yes, definitely. Obviously we aren’t able to “create new money” during the pump, it’s just the money having new owners after the pump. P&D is just like basic gambling, some lose and some win. Because of this fact, it is important, that you don’t risk more BTC than you can afford to lose. If you are unsure, just try it with a small test amount, and increase your position each pump if you are successful.
Pump groups don’t have the best image in the crypto currency scene. This is mainly because in the early days of altcoin pump and dump(01 – 03/2014 for example), many scammers have been around. They “prebought” tons of coins before the main event, just to unload their coins on the group members and dump in their buy orders. This obviously caused big losses for the pump group, and only the pump organisators were able to profit from this. They mainly scammed their own followers.
Seeing this we decided to revolutionize the twitter pump & dump scene. We tried different approaches. In our first pumps, the community could vote for the coin to pump. It’s a nice way to determine coin to pump, and many followers reported, that they like the system.
Another method to ensure a fair coin selection process is to let the coin being chosen by publisc randomization. We established a new system call Proof Of Fair Pump.
Our method of announcing the coin to pump is called “Proof Of Fair Pump”. It ensures that everyone of the group participator has the same chances and same risks during the pump, even the group organisators. And this is how it works:
Before each pump, a list of 8 to 16 altcoins is created and published to the community. One of the coins on the list will be get pumped on announcement. The coin of interest will be publicy randomized based on a predefined future blockchain hash. A target block hash will be defined 20 minutes before pump starts. The target hash’s first character will determine coin to pump according to the coin list. As no one predict block hashes, no one is able to prebuy coins before the official coin announcement. This results in same chances for everyone participating in the pump, keeping it all as fair as possible. Here is an example how the coin is determined:
Don’t be afraid, you don’t have to do this calculation on your own. The coin of interest will be published in realtime on this page and in our IRC channel as soon as network releases target block.
It is mainly the same as classic Proof Of Fair Pump. Due to increasing prebuy before coin announcement, we had to change the rules slightly: Coinlist is uploaded to a password protected pastebin now. Password is revealed on coin announcement. This way we prevent prebuying the whole coinlist by people guessing the coin to pump, which harms the whole pumping process in general. As pastebin can’t be edited by us after upload, it’s still fair randomized coin selection.
If you doubt the right coin was chosen, you can check it yourself and calculate coin after the pump based on the facts that were published long before pumping began.
Some people thought that we don’t announce coin on time or have a “build-in delay” in our coinbot. Just get yourself a litecoin client and check the blockchain the manual way (opening debug console and using getblockcount and getblockhash commands). You will see that our coinbot announces the coin to pump exactly on-time.
No one can predict the pumps volume, price increase or duration before the pump. This mostly depends on number of participators and the amount of BTC invested in the pump. Our pumps had volumes between 5 and 50 BTC, and had an increase of at least 100% in price. The pumps duration is anouther hot topic before each pump. Both “slow-pumps” and “flash-pumps” are possible, it’s generally impossible to predict the exact duration of a pump as it depends on participator’s will to keep the action running and supporting it using buy walls.
Please note, that we won’t be able to guarantee a minimum pump volume, price increase or pump duration, as everything depends on you, our group members.
It’s all about advertising: Tell your friends and followers about our market action, show them this page and encourage them to participate. The more participators and BTC invested, the more stable and durable the pump will be.
Another good idea to attract market attention after pump coin was revealed is to tweet on twitter about the coin beeing pumped right now or using the trollbox on the specified exchange to promote pump coin. This often brings new buy support in.
Feel free to use our newsletter service. You can subscribe and will get mailed one day before pump!
Check out our successful recent pumps here!
While other pumping groups often charge high to pump, we allow members to pump for free! There may be 1 off special events which command an entry ticket and therefore a fee will apply.
We also have a newly formed inner circle group where we connect via our private room and orchestrate long pumps together. This is only for serious pumpers. Contact us for more details.