//If you’re new. beware of Pump and Dump groups

If you’re new. beware of Pump and Dump groups

The sole purpose of PnD groups is to make the organizer wealthy. In theory it sounds great, you and a few other people will buy and then rally behind one coin to drive up the price. Then when you hit the goal, the selloff begins. You might win a little, but you could lose a lot. In the end all you are doing is generating false profits for the one or few people that created the group. Not too mention that it makes the whole market more scammy.

The sole purpose of PnD groups is to make the organizer wealthy. In theory it sounds great, you and a few other people will buy and then rally behind one coin to drive up the price. Then when you hit the goal, the selloff begins. You might win a little, but you could lose a lot. In the end all you are doing is generating false profits for the one or few people that created the group. Not too mention that it makes the whole market more scammy.