Altcoins dumping pump and dump cryptocurrency group
These are just a few notable phrases of the chat groups where hundreds and thousands of cryptocurrency traders gather all together to increase the value of an altcoin. People trading in cryptocurrencies, the average Joes, are also greatly affected by influencers on YouTube, Twitter and other platforms. The NSA will be in touch. A lot of people lost money. When the group feels it is big enough to initiate a pump, the administrator — or organizer of the group — sends a series of messages to the group to alert them when to buy. The group admins gather as many members as they can in these groups and then it naturally grows bigger when both small and large traders join up as a fear of missing out, the lovely FOMO.