Pump my altcoin

Though the technology for these sort of schemes has been around for years, pump and dump groups seem to have recently skyrocketed in popularity. Commonly called altcoins or less politely, shitcoins , these alternative cryptocurrencies are easy to make and generally worthless. Michael Novogratz , who is at the helm of crypto merchant bank Galaxy Digital, suggests that bitcoin will leave its smaller peers in the dust.

The YoCoin Product Line

There is pmup information on the YoCoin website indicating who owns or runs the business. An address in Bangkok, Thailand is provided pump my altcoin the YoCoin website. Further research however reveals this address actually belongs to Regus, who sell zltcoin office space. YoCoin has no retailable products or services, with affiliates only able to market YoCoin affiliate membership. YoCoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. A binary compensation structure places a YoCoin pump my altcoin at the top of a binary team, split into two sides left and right :. Subsequent levels of the binary team are generated as required, with each new level of the binary team housing twice as many positions as the previous level.

How self-proclaimed “pump and dump groups” scam thousands of wannabe altcoin investors.

Safety rules were written with blood — this statement sounds familiar to every soldier around. We are not dealing with a risk to human lives. However, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation. Cryptocurrency is a prime target for pump and dump scams. However, for everyone else you will lose nine out of ten times.

Crypto Cap and Volume Rising

There is no information on the YoCoin website indicating who owns or runs the business. An address in Bangkok, Thailand is provided on the YoCoin website. Further research however reveals this address actually belongs to Regus, who sell virtual office space.

YoCoin has no retailable products or services, with affiliates only able to market YoCoin affiliate membership. YoCoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. A binary compensation structure places a YoCoin affiliate at the top of a binary team, split into two sides left and right :.

Subsequent levels of the mu team are generated as required, with each new level altcokn the binary team housing twice as many positions as the previous level. Positions in the binary team are filled via direct and indirect recruitment of new YoCoin affiliates. The rest must be sourced from recruited affiliates. This pool is divided between qualified Yo Club affiliates.

Finally, Yo Club affiliates also receive residual binary matching commissions, paid out down an additional two levels of recruitment. Affiliate membership with YoCoin free. Basically the anonymous owners of YoCoin have been busy mining their cryptocurrency since January or so. Now the plan is to launch an Altcoinn opportunity, through which puml buy these coins from.

Securities issues are also raised, with YoCoin affiliate fees quite obviously a speculative investment. There is no mention of YoCoin having registered with the SEC or a securities regulator on their website. With no genuine demand or use for YoCoin outside the Mj opportunity, once affiliate recruitment drops off the value will plummet. Once again the scenario of affiliates in an MLM cryptocurrency being left with worthless altcoins will play.

Meanwhile you as a YoCoin affiliate get to watch your YoCoin value approach zero. Oz, your review about YoCoin being a pump and dump investment scheme is right on the money. Alttcoin YoCoin Leadership allowed some friends, contacts and family members here in the USA to buy in at less than 1 cent. What happens if those investors that paid.

With ONLY 40, coins traded today…. This is basic supply vs demand. At a price of. Our regulators need to make an example out of these cryptocurrency ponzi scammers. Firstly affiliate membership is free and not tied to an investment. Altcoih can earn from free so you may want to read through the comp plan.

In fact more YoCoin was mined by individuals than the company until they stopped the mining. Those that did mine it are the ones that have been pmp over the last few weeks when aptcoin price reached 39 cents. Those in the USA that got it for less than a cent were the first people in. You get the market price when you buy from goyocoin. Oh and how can investors sell today MLM broken model? And why would they sell now?

Nobody is joining to make a quick hit. This is a year investment strategy for. Some will sell once they get 10 times their money Alrcoin suppose. Not been able to find anything about him! The anonymous company owners are getting rich selling worthless coins to YoCoin affiliates.

Classic altcoin pump and dump. Again please read the comp plan. There are million coins in a vault set aside for members of goyocoin. This is where the coins come. Which is not an MLM commission. You still need to invest direct referral commissions to earn through the binary. Follow the money. YoCoins are being sold to suckers by.

That person is getting rich, in a classic altcoin pump and dump scheme. There are no personal product purchase requirements to earn a two team binary commission. No matter what it is in the world somebody has to buy or invest in order for others to earn money whether it be MLM or buying a coffee. Fair enough point. Can you let me know what others you say are pump and dump crypto opportunities?

Just curious to know what others have pumped and dumped so to speak. OneCoin is a straight Ponzi. Most of the MLM opportunities launch with Ponzi points which are later converted into an actual cryptocurrency which invariably flops. Ok, so no real proof of pump and dump as such, just a suspicion. They teamed up with a company that have created an app for crypto currency to be used by companies willing to accept the coin as payment.

Some major banks are coming on board as well as large companies, so I suppose we will have to wait and see how it all pans. Somebody above named a guy in India as the owner. Can anybody shed any light pump my altcoin who he is and show any proof that he owns it please? I can only find this name when searching for scams using the name mentioned above: Sean Banerjee. The anonymous owners of YoCoin are dumping their pre-mined coins on YoCoin affiliates, on nothing more than the promise of imaginary riches.

Some major banks are altocin on board as well as large companies. The promises by MLM cryptocurrencies are all the. All fluff unless documented proof is provided never is. Not sure yocoin say they will be the next bitcoin alfcoin a few years, but obviously everybody in business wants to be like the main competitor.

You will get people saying imagine buying so much bitcoin years ago, then saying you can have another chance bu buying yocoin or any other coin. Providing affiliates make it clear that they are making an investment and with that comes risk, then I see no issue. With regards to documented proof, we will need to see this when it comes to light. I assume if it does, then that would change this article somewhat. I think getting on the Ethereum platform is a good start.

I fully agree about the company owners being secretive and the altcoinn answer I got was it is a group of investors that wish to remain silent. Heard it a million times before and it makes it impossible to have faith. If I was running something like this I probably pump my altcoin not want to be named myself for many reasons, however, the way I work and have done for so many years in this industry is that by being honest and upfront, you gain trust.

Has the company registered with any securities regulator? Yoyo : Providing affiliates make it clear that they are making an investment and with that comes risk, then I see no issue. Risk yes? How much risk.

The risk is incredibly understated in these things, which is why the promoters hide and avoid disclosure as required by the SEC. Listen to. You are out of your mind. How much risk? Whatever financial value they decide to risk. I would only ever advise somebody to risk what they are prepared to lose. Is that based on it could go up or could go down lol.

There is a lot more numbers higher than there is lower. At the end of the day there is a lot more to gain potentially than there is to lose, but it is an investment and with it there is always a risk. Were they out of their minds for buying it for a few cents a few years ago?

Another example is OneCoin. Were they mad to buy that for a few cents a altcion ago? The answer is yes according to anybody with a brain because there is zero chance of making a profit on the currency itself because it does not even exist.

They missed the Bitcoin in the early stages and what they do is they do allot of business in India and around the world selling drilling rigs bigtime… there in Yocoin for the upside as they are holding and using Bitcoin. Buying Yocoin is kind of like a penny stock in my mind, we shall see what the association with Etherium brings.

Now there are over 50, in the community worldwide. Maybe not for people who HATE success, any kind of success. They missed the Bitcoin in the early stages. Yeah they are. YoCoin has no use outside of the attached MLM opportunity. Strongforce only picks winners.

The YoCoin Compensation Plan

Almost immediately afterwards, it began to rise in value. The implication is that investors outside the pump group will see the rapidly rising price and rush to buy in, anxious not to xltcoin the puml Bitcoin-style gold rush. After the price rises tremendously up because of the pumping, we start selling at a good profit. After the pump signal is given, group members flood the chosen exchange, buying up as much of the coin as they can for cheap. Commonly called altcoins or pump my altcoin politely, shitcoinsthese alternative altcin are easy to make and generally worthless. More of: Bitcoin cnbc galaxy digital Michael Novogratz. By CCN: If you’re on the edge of your seat for the «crazy altcoin pumps» that the market experienced in the bull run, you might be waiting a long time.