It seems to be a quite old group, so if they are still pumping after over 2 years it has to be real. Whether it’s worth it to pay the fee is another thing, as their pumps could as well be financed with these fees.
With bitcoin and unregulated online businesses like those, they could be a scam or stop being a scam at any time. Even if they’re lasting for a really long time they could still be a scam.
They could even be legit but just be a site that follows another group which is more private and announces the pump when they do.
No matter what their situation is, pumps and dumps are some really shady activity which you probably shouldn’t be taking part in and for everyone who succeeds, someone else is going to fail (and there’s very little skill in it, you could be dumping at the right or wrong time based on a matter of seconds).
Fairpumps is legitimate and actually uses a good amount of new tech to be able to ensure that no one is cheated when a pump is occuring, everyone is going to be on the same ground (in theory this is)
There is a high chance for people to be scammed during a pump as the owners or someone in power could be buying in small amounts beforehand. Though the entire process of (pumping and dumping) is a bad one anyway.
I would advise against doing it and stick to normal investing as you stand to lose a lot if you get in at the wrong time.
Good luck.
Published at Thu, 20 Apr 2017 00:06:11 +0000
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By Scop La Péniche on 2016-04-24 19:04:14
