What Is Pump And Dump?
“Pump and dump” (P&D) is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.
How To Earn Money By Pumping And Dumping?
Follow the exchange rates. The rates are going up and down. You can find a specific coin to follow, and when you see a significant fall, you can buy yourself in.
When the price has raised to normal, you can sell them again.
This is called pump and dump because you pump it when it’s low and dump it when it’s high
Long positions can be made on an exchange like Poloniex, Kraken, Bitfinex etc.
A long position position means buying. Let’s make an example:
You have a coin with a value of $1. You can imagine that it will fall down to $0.60 somewhere in the future.
Then you can make a long position at $0.60 dollars and make it buy, let’s say $100 worth of that coin at at that price.
Then when it hits $0.60, it will buy for you. This is a smart way of automate buying.
Short positions are the opposite of long positions. This is selling.
Let’s use the same example before. You have set a long position at $0.60 where you want to buy for an amount of $100.
The price has fallen to $0.60 as you expected and now you bought yourself in at a very good price.
Then you can make a short position. The price is $0.60 now, and by following the exchanges rates, you can see that normally it statys at about $1-$1.10.
So you make a short position at $1 and make it sell the amount you want (in this case $100).
How To Pump And Dump While Holding
This is, in my opinion, the best way of earning money by crypto trading. When a BTC and ETH raise is coming, I am always selling all of my coins, just to buy them again at a lower price, to see the price raise again and give me profit.
So many people are telling others just to hold, but if you pump and dump while holding, you will be a rich man.
Best Coins For Pump And Dump
There is no best coin for pump and dumping. BTC and ETH are the worst, because they often stay at about the same amount.
But when we get the regulations and they fall, there’s a big potential for earning money here.
Look at the smaller coins. Even the unknown and unpopular.
For about two days ago, ANS went 100%, and I made $4000 worth $8000 in under 24 hours.
I hope you found this article interesting. Now you’ve learned how to pump and dump 🙂