So in this post I wanted to talk about and go over the two recent PnD's -- CHC and SYNX and also talk about a few youtubers who are abusing their viewer's trust and using it to make money by tricking and stealing from the poor, innocent people that are coming into crypto.
So let's start off with CHC.
CHC was a no-name coin that the devs' abandoned and no one knew existed -- until it was picked up but this youtube called "HighonCoins" and chosen for an "Experiment" called Advanced Hodling or Pump and Hodl.
The Pump and Hodl technique was supposedly a way to make everyone who bought the coin money because if they kept buying and no one dumped the price would keep increasing -- and this is true to an extent -- but why pump if you're not taking profits off the increased price? Well, there's the sly bit -- as he kept yelling at everyone and telling them to BUILD WALLS, I'm sure he was dumping into their innocent buy walls and then blaming other people for manipulating the market.
He's shown the community behind this technique 0 proof that he even hodls any of his coins but for some reason, a bunch of people still believe in this manipulative bs and still buy into CHC.
The coin was pumped from $0.10 (the price the youtuber bought at) all the way to $6 -- so much so that it went from rank #200 on coinmarketcap to #50. Now that all the people who bought in intially are dumping and that some people are realizing that it's never going to go back up to the old high are selling the price is falling and it's fallen under $1. So people who bought in higher lost a ton of money and are just left hodling bags or only have the option of selling for a huge loss.
Now let's talk about SYNX.
SYNX is another coin that was left dead by the developers for a while until a bunch of people who missed out on the CHC PnD wanted to make money. They created a slack group and tried emulating the CHC scam exactly -- convincing everyone to set walls and not sell.
Here's a video made by one of their community members that tells everyone to keep hodling -- but if you look closely you can see the dude has a sell order already placed for 30% profits. How fucking ironic eh?
Look closely at around the 2:10 min mark.
Credits for video : Ash Roulston @ashr
Now let's talk about another youtuber called "Suppoman"
https://www.youtube.com/user/Suppoman2011
What this guy does is just sad -- he doesn't know shit and keeps shilling his Udemy course on his channel -- which if people buy, get access to an amazing facebook group with experienced traders and professionals -- or that's what he says.
The funny thing is even his Udemy course sucks -- here's a video of him explaining market depth.
It's honestly quite disgusting that he uses and takes advantage of all the people that take his Udemy course and join his shitty Facebook group.
Here's some proof from his very own exclusive facebook group that he's nothing more than a pathetic pump and dump scammer.
He's not the only one though, there are multiple pretending like they're trying to help people out but are just using them instead.
Trevon James and Craig Grant exposed --(www.youtube.com/watch?v=UoRJ9EYstTE, www.youtube.com/watch?v=wfSUNruXa7w)
So please do your own research whether it's based on fundamentals or technicals before getting into a coin -- most of these youtubers just tell you to blindly buy into a coin so they can dump on you later. Remember that this is the real world and most if not all people are looking for a way to make money for THEMSELVES and not YOU.
Please share and resteem this post so it can reach as many people as possible and educate them against these youtubers and PnD scams.
LMAO
Even suppo himself tells you not to listen to him. Do your own research, he just shares his opinion and I really value that. I dont have time and knowldge to learn about all the coins and he provides me with lots of info. He's given so many coins bad reviews, he's not a total shiller. Get a life hater .
OK i'm just going to play devils advocate a little bit here:
"why pump if you're not taking profits off the increased price?"
the whole point was it's a masternode coin so you buy a masternode and make passive income.
High On Coins (HOC from here on out) specifically said not to pump this coin too fast, and that they had sell walls in order to keep this from getting parabolic. He advised his followers to place sell walls then with the money repost buy walls.
HOC advised people in his channel that if they pump the coin too fast, if they let the coin get parabolic, his followers would dump on them. If it dropped they would place walls to get it to go back up.
When Trevon's followers jumped on board they had no idea what they were doing and just went en masse to flood the coin. When this happened it spiked exponentially, and the sells were just as violent since Trevon had already dumped and told his followers to dump.
Trevon has more subs on youtube than HOC, and that is only checking today. I am sure that many of these subs for HOC are added since the CHC pump. Given this logic, Trevon's pull had much more weight than HOC at the time. A possible theory concludes that Trevon pumping it on his show and subsequently dumping it either caused it to be uncontrollable for HOC and his legion were unable to defend from the incoming hordes of dumb money.
This is what happens when the legion gets out of control.
Is synx related to HOC? or related to Trevon? or related to Suppoman? Seems just some people took HOC idea and then tried to put that to use in order to rape some noobs.
As far as Suppoman, I won't argue with you there.
I paid for Suppoman's course, I learned from it. Made money from being part of his group. He gives some good advice and he says, RESEARCH RESEARCH RESEARCH and don't invest what you cannot lose. As long as Suppo and his group makes me $$, I will stick with him.
As for your screenshot of Suppoman's FB post, that was taken from a private group. You lack trust I see... Anyways, Suppoman believes in a certain coin as do many of us. It only makes sense that we get the word out on how good the project is to see that it is successful for all.
It's like when you download a browser you really like. Such as BRAVE which is stage one of the Basic Attention Token. So when I tell everyone to install brave.com on their desktop and mobile phone, does it mean I'm a pnd too?
It's all about trends and being early to jump on. Some people spot trends, some people make trends. Suppoman is identifying and creating trends with his youtube channel. If you hate him, then leave the group, but don't stick around just to post private screenshots and make incomplete statements to mislead the steemit community. Furthermore, did you research Bitquence? Did you join their social groups to interact with the Bitquence team? If you did, you would want to spread the word for everyone to check it out.
If you knew anything about Suppoman, you would also know that he advises against PnD groups and if someone posts a PnD group link, it gets removed.
Drunkenmonk, let us know when you make your own Udemy course and group, I'd love to critique it...not.
Thanks for having a level head... These guys just slag him because they think they know everything! I have learned from him as well, and I agree that he teaches RESEARCH. He actually says in one of his courses that we SHOULD NOT RELY ON ANYONE in the crypto game... Sad that people are so hypocritical...
You are ride :)
Glad someone mentioned master nodes. Everyone Rips on chaincoin and screams pump scam but never mention the masternodes. Those damn things will make so much money if they can get that coin off the ground. Also they are purposely making the coin bottom out right now so more people can buy in cheap. If it goes down to 20 cents trevon said he'd jump back in. I'll buy more also at that point. I'm close to a masternode, bought around a $1 didn't dump at $6 like I should have, if I did I would have a masternode by now.
Very true! I have been watching Suppoman's videos and have taken a few of his courses. He teaches what to look for and that research is the key to success in the Crypto world. He definitely hates PnD groups. This guy has no idea what he is talking about lol.
I'm sorry you feel that way about Synx, I am on the dev team and can answer any questions people might have regarding the currency, its plan and where its headed. If you would like to find out how much profit you could earn running a Synx masternode, please visit http://www.synxspot.pw.
It is not all about the profit either, its about the long term vision, one where synx can be transacted seemlessly between smart devices, leaving behind old currencies, using the Synx business management platform.
Thanks for the shoutout. :) Resteemed and upvoted
https://steemit.com/cryptocurrency/@ashr/pump-and-hodl-scammers-revealed-on-video is my post on it
I have additional information being released tonight or tomorrow.
I'm still in the groups; they haven't figured out who I am. I'll be debunking the SYNXHODL claim to both their github/twitter "proof", providing screenshots of my conversations with Zach Felder (SYNX HODL leader) including where he decided to cuss me out and threaten me with a suit for defamation.
We asked him repeatedly for proof of what he said was true - that he was holding 20k SYNX, and he took a video of the current prices on bittrex, no holdings shown. We asked him wallet public key, then to conduct a transaction, he provided a screenshot of a "balance" no public key, no date/time, just literally SYNX 22xxxx.xxx, like it could've been typed in MS Word or similar.
On the CHC front, there is additional information also, though I haven't pulled it all together yet.
~Let's all keep working to make crypto safer and scams less rewarding~
solid stuff, thank you for putting all this effort into making our community better.
No problem. I also do a crypto due diligence post on Saturdays that is attempting to help also. We shall see.
Does your info about chc include anything about masternodes? I've seen you yell scam about chc tons of times and never mention the real reason they are holding coins. You keep saying why would you buy coins and not dump them for a profit?? Because that ruins a coin, any coin. If people weren't so greedy and only took what profits they needed I bet this market wouldn't be so violate.
The coin is already ruined. It was and is a dead project. some hype about hodl and masternodes doesn't change the status of the project.
People don't owe anyone anything, including leaving profits on the table to reduce volatility. Arguably, price manipulations like the ones being perpetrated on CHC have more of an impact on volatility than people taking profits.
Masternodes were a strategy focused on scale. A project's use of masternodes doesn't give it legitimacy or activity or make it a worthwhile project. That's why I encourage everyone to do due diligence. In this case, a dead project has been pumped. Now what? Everyone keeps pumping bc "masternodes"?
That keyword is essentially like people saying "blockchain", it's a statement of the tech used to build the project, not a statement on the project's future or the potential of it. At the end of the day, a masternode to a dead project is rather irrelevant.
I've see coins with less and no masternodes go higher in price. I mean I get what your saying, and I agree to an extent. What I keep trying to point out is that if we can manipulate the price to a point where the coin has value I believe it will hold that value due to the fact it's the cheapest masternode out there. Also if it became know as a coin with little movement I could see it become one of the coins people move money to when dips happen. Mainly what I'd like to see, is if a large enough group of people come together, can they drive a coin up to a price that makes it profitable to hold if you own a masternode? You say the coin is dead, if that was true I think it would have been worth much less then $.10. lack of development sure, but dead? No. Don't let this current drop in price feed your ego, the chc group is allowing this to happen and seeing how low the price will go if they remove the buy walls and let it fall as far as it can. If it does more people will buy in and get masternodes. If it drops below $.20 I guarantee it will shoot back up as there's gonna be a huge round of buying. Either way it's a very interesting project. It's not like the other pump and dumps you keep comparing it too.
#ashr I would love to see a link to your due diligence post on Saturdays :) Please and thanks if you have that available.
Hi @maryt,
My due diligence posts:
https://steemit.com/crypto/@ashr/due-diligence-example-1-expanse
https://steemit.com/altcoin/@ashr/crypto-due-diligence-2-using-bitcointalk-org-to-check-out-projects
https://steemit.com/cryptocurrency/@ashr/crypto-due-diligence-using-github-to-check-out-projects
Nothing in here proves anything really. If he does scam his users he does a good job of hiding it. Nothing you posted is proof. I mean I was around when the whole safex/CHC went down and I was in SCM and Suppoman was actually on holiday not posting on his facebook group for like 3-4 days.
Only when he got back did he do a video on CHC which didn't actually pump the price any more than it already had.
It was super irresponsible for him to do a video on it as he obviously broke many of his own rules and didn't research it first.
Hes ok Suppoman. I can't see any obvious scamming. Niether has he told lies or deleted videos like Vincent Briatore who can easily be proven to be a scammer.
I found his course very good when I was first beginning. It's old now and he didn't know how to use one tool (market depth). I mean I know of many tools but I don't actually know how to use them all.
He breaks his own rules for investing or for giving out advice.
If you invest without following his advice of doing your own research you get what you deserve.
Of all the videos and things I have watched of his I have never really seen any pump and dump scams. A couple of dubious ones for sure but nothing I would worry too much about.
I also did the course and learnt a lot I was unaware of, I've used his techniques and invested in some of the coins he suggests, more importantly I invested in coins Ive researched now that he guided us in the right direction of where to go and research those coins and ICOs . I make my own decisions when to buy and sell irrespective of what's been advised and by whom. As he says frequently, "make YOUR own decisions ,do YOUR own research and don't just buy coins because I do" .
There are many youtubers with different strategies, methods, ideas and opinions, take from them what suits you you are your own person after all. And let's be honest, if they are all in it for themselves then I want to know what they're up to so I can stay one step ahead . Happy trading everyone . Weathers lovely too x
I side tidbit of information. Trevonjb was doing a livestream when someone asked him if he had CHC, to which he replied "Yes", and then someone told him the price, it being around $3 at the time. His livestream viewers then also pumped the volume for the next few hours as they bought in. Tryvon went to check the price of the coin a few hours later and it was at $6. Trevon was at a return of 4000% and cashed out all his coins, told his viewers about it, and the market crashed after that. Many of the CHC holders bombarded Trevon's channel, and he had to address that he knew nothing of this hold and pump.
As a youtuber, screw any content creator who abuses their fans trust to make money like this.
Stop putting him down he said it can be very risky to invest in chaincoin and Syndicate and he always warns to do your own research...so this is bullshit trying to take him down,but we are responsible for our own money in the end....
everyone says the same two lines, and after that they make a 50minutes video saying BUY AND HODL, so you can see its an excuse when they say im not financial advisor, take your own risk and all that bs, proof of that is that after hearing that you still went and bought some chc, at whatever price was at the moment, and made people BLIND TO SEE WHAT WAS REALLY OBVIOUS, 5000% INCREASE is 100% dumpable for any kind of HODLr out there, its just very simple, no coin that goes up that % in a week can keep up with the price, if you still believe go and buy more, do whatever, but dont try to makeup the reality here, you all been misled by this guru you love and protect!
Excellent
There is no substance here...everyone move along.
You and I had the same sentiment about this bullshit. https://steemit.com/cryptocurrency/@nrek/let-s-talk-about-syndicate-synx - the CHC and SYNX crap is just predatory pre-positioned bullshit.
Yeah it's just sad -- Crypto is a new market and alot of people are abusing that fact to run a bunch of scams (like the slackbot myetherwallet one) hopefully by spreading awareness about these we can slowly bring an end to this.
I resteemed your post the other day as well :)
Mate, what you're saying is way off. Fair enough, Suppoman constantly promoting his course can be nauseating which he himself will admit but for fuck sake, the man put effort in to creating the course and has every right to promote it and make a bit of coin from it. Fuck all wrong with that. He's also made it clear in pretty much all of his videos that you should do your own research. Obviously he's going to talk about the coins he's invested in to because he thinks they're of some value and that's what people watch him for, to see what he thinks but he certainly doesn't force anyone to invest their own cash.
You are a scumbag in an ocean of scumbags trying to cash-in on the current fad of bashing legitimate people that are trying to help others. Max and Suppoman are good people, however you are not.
lol fuck off
You have got to be kidding. I can't tell if you are serious? The guy doesn't even know what market depth is.
I know what you mean, I saw the potential for this sort of scam a while back.
https://steemit.com/cryptocurrency/@jrhonk23/pump-and-dump-potential-imagine-coin-magick
Upvoted - resteemed + followed.
Many of those guys are scammers, but not all of them, Suppoman gives advices on holding some coins that will MOST LIKELY get more value, how much value? in how much time? people do not know. The temptation to buy a coin and then spread hype towards all the other people is surely there, because it means doing gains in a small time, but in the end only people are responsible for their actions, what they buy, when they buy it and when they sell. But you have to understand that in doing so when a person lose credibility and people stop following him, it is game over.
If you are a noob and bought CHC at 6.80$ then you made a mistake for sure, people should understand that the market works due to the people buying and selling, and that people always want to make a profit, so when people bought at 1$ and see it going to 6$ they are happy enough and start mass selling, and that is why the price drops so much. If people like you write and do videos to scream SCAMMERS and stuff like that more people will panic and keep selling.
I agree on one point, buying and selling because someone esle tell you to do so is not smart at all, and will most likely end in you losing money, you cannot trust anyone in the cryptogame because a lot of people will use you just to pump a coin and then make a gain out of it.
I have upvote you, and I will keep track of you for long. Upvote me, i will upvote you
Please help each other!
thank you
Trevon James and Suppoman add a lot of value to the crypto community for me anyways. You can't possibly expect them to never make mistakes, either.
Suppoman and Max are not scammers they are good people.
you said that, a few times
BS. PnD at its finest, far from good people.
Here's Suppo's wallet! https://steemit.com/suppoman/@bitcoinnewsdesk/revealed-suppoman-s-token-holdings not exactly superhero stuff!
Bruh*
hmmmm interesting @drunkenmonk
definitely is. quite sad but I guess the best we can do is share the proof and make sure people don't fall into these traps.
please feel free to upvote it and resteem it if you think it would help out people!
This is a great post, thanks for info. Check out my crypto market recap vids when you have a minute. : )
It was like money runners
Wherever there's money, greed will appear.
I just asked Udemy for a refund.
ahahah good luck with that, he is on vacation with your money, while max from chc hodls beer with his gains :P
Take "Cryptocurrency Trading: Complete Guide to Trading Altcoins", it's 10 bucks on sale and nobody tells you to invest on what. It teaches you how to make your own decisions. That's all you need.
P.S.: I don't get anything for advising people to take this course. I'm a happy learner who's satisfied with the course's content.
Nonsense, you paid for a course and you got one, if you then spent tond of money on coins just because of hype you can blame only yourself.
I watched some of Suppoman's videos over the last month. They are mostly fluff and hype, but I did learn some things from them.
I don't think he is a total fraud, but I saw a few red flags. He was all over the place, promoting one coin one day saying it was a long-term hold and saying he was going "all-in" on something else the next day. I also noticed he has not posted a video in 6 days after shilling Bitquence and seeing it go far below ICO levels. Previously he was posting every day.
He really is quite bad at picking ICOs, but I still think he had some good insight on long-term value of coins he had researched. Its just impossible to know if he got paid from certain ICOs to shill or if he is just bad at picking.
Good reasons it went below ICO levels. Now look at it.
Did you sell? Are you even more bitter?
He went on vacation, which was smart given the current state of Bitcoin. Overtrading is a problem during such volatile times, and I'm sure he is keen on that.
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STOPThanks for exposing these scums of the cryptoworld :)
To be honest. I have only profited off of Suppoman. I have joined in on pumps, but learnt a lot from him.His Udemy course is only 10 bucks and definitely worth it. Havn't been so active in the group though, but learnt from his Youtube aswell. The real scammers are these frikken telegram pumpers
Totally agree with you man; I paid for the course, got access to the group, received messages up to the point where I put out some really mild criticism because he advised on coins after 30-40% rise had already been. Actually, not even criticized but made suggestion to send out messages sooner. From that day on I did not receive any more messages and was blocked.
Luckily there are a lot of interesting people and groups out there because I won't certainly call it analyzing what Suppo does.
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I gotta agree about that Suppoman clown. I paid the $10 because I figured he's be on some pump and dump shit so I had to see for myself. When Synx hit his FB group, I warned people super early that morning. After I kept getting bullshit from some of the people I was warning, I said the hell with it, Jumped in and grabbed a quick $1200 come up inside of 5 hours. I even called Suppo out on that bullshit after the fact and the response I got was similiar to the bullshit other people commented in your Steem Post. One of the comments here said the same thing I blasted Suppo for. You can't go on and on about a coin, clearly pumping the shit out of it and then at the end of the 30 minute rant about the coin spit out a quick "invest at your own risk." And think that declassifies you as a pump and dumper. As for the Trevon guy, not familiar. But the Craig dude, I don't think he's a Pump and Dumper. I think he's putting a moajority of his eggs in the STEEM basket so he pumps the shit out of it. He showed videos of him selling off all his BTC and buying STEEM. You can easily verify the purchase and the HODL by looking in his wallet. His wallet keeps increasing and it's not because of money he's making off of the videos because it didn't seem like he was really making STEEM money from the posts until a few week ago. I don't know dude but he seems legit.
You clearly haven't watched Suppoman's just because he's not knowledgeable about every single thing about cryptocoins doesn't make him a scammer. He clearly said it many many times to do your own research and what to base your trades on... Get a life and stop throwing mud on people's good work! @Suppoman
"You are Sure" wow that is some PROOF RIGHT THERE!!
Where is the damn Dislike button in Steemit?
I think Suppoman is sharing a lot of value. Off course he's promoting he's affiliate links from Electroneum and B3coin and other stuff where I have my doubts about..... but does this make him a scammer. I don't think so. I also bought he's course for 10 bucks and actually learned from it.
how does this post have all this engagement and is only $1 ??
If by 'engagement' you mean the comments, they're not enough without any upvotes.
i love it when people make all the stuff up. it's just pathetic to make fake things up just cause that's what you think.
I used to like Supoman, he's kind of entertaining with his singing and stupid nonsense and he's got a good personality. He also seems decently knowledgeable about the markets. He's really turned me off however as every video is about ICO's and most of them seem to be garbage ICO's. I'd prefer he just go back to discussing existing coins and the markets in general
I just want to say, first part of this article is completely flawed, absolutely no proof whatsoever, I have been fighting to clear my name with chaincoin and sadly, trolls and people like this spreading bs. Anyways, karma will get to you for spreading false information. Thanks asshole, muting your dumbass.
Thank you very much.
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