Binance Group

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    There is a significant number of groups in different online chatting platform of traders who exchange signals and strategy with the bulk of them being pump and dump groups.

    Pumping can be defined as a process through which a big group of people converge on various online chatting platforms and agree to buy a particular coin at a certain time.

    The groups buy cryptocurrencies that are not commonly known in the market (also called altcoins), the coins are bought at an exact time and then sold after 30 to 120 seconds.

    There is a potentially huge profit to gain for those you buy an sell at the right time.

    Answered on August 7, 2019.
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