For decades, Wall Street brokerages used “boiler room” schemes to inflate stock prices before selling them. A new version of this old trick is now taking place online in so-called pump groups, which operate in private chat rooms. These groups, most based on messaging apps such as Telegram and Discord, have hundreds of thousands of followers who promote dozens of different pump operations that can bring in millions in trades.
What is a Pump?
Pumps are mechanical machines which are used to transfer liquids or slurries from one place to another, as part of a piping network system. They may also be used to boost pressure in a pipeline system.
A pump can be classified according to the type of working fluid it transfers, and whether it is a positive or negative displacement device. The positive displacement pumps transfer fluids from one place to another by the use of moving parts such as gears, lobes, plungers or pistons.
These are used in a variety of industries such as oil and gas, chemical processing, fertilizer, agriculture, mining, marine, and nuclear power. They are considered to be one of the most efficient pump types.
This type of pump creates large pressure compared to centrifugal pumps and is therefore preferred for pumping applications with high pressure requirements. It is a simple and inexpensive machine to operate.
It works by increasing the kinetic energy of the fluid in the inlet and outlet valves, and then converting this kinetic energy into pressure when the flow is discharged from the discharge valve. This process is based on the First law of thermodynamics or Bernoulli’s principle.
The impeller of the pump is responsible for producing the flow and pressure in the pump. It is threaded onto the pump shaft and fastened by an impeller nut. Its size and width depends on the flow rate required by the pump and the pressure it is expected to generate.
Pumps for viscous fluids are often equipped with follower plates which help in the proper dispensing of the fluid. These are made from either standard or high-viscosity material to suit the application.
They are usually bonded to the shaft of the pump with bolts or washers to ensure that any tightening torque is evenly distributed around them. These are generally better suited for thin, non-lubricating fluids as they are not suitable for thicker, lubricating liquids.
A seal is an important component of a pump, and it is responsible for preventing the incoming fluid from escaping the pump. It is also an essential part of the pump’s longevity, and it helps in keeping the pumped fluid inside the pump casing.
What is a Pump Group?
A pump group is a crypto trading group that buys and sells a certain coin, triggering price spikes. These groups operate in an anonymous environment on messaging platforms like Discord and Telegram.
The group leaders post a pump signal on the desired coin and members of the higher hierarchy are sent the message earlier than lower-ranked users, allowing them to get in on the action before other investors. This enables the group leaders to guarantee profits by pre-purchasing a coin at a cheaper rate, selling it at a higher price later on (Martineau 2018; Town 2018.
Another way that a crypto pump and dump group can manipulate the market is through misinformation. These groups use fake news, non-existent projects, or celebrity endorsements to drive up the price of a coin. This misinformation is usually spread by email, IM, or social media messages that claim that the coin will be used in some major project, and the group’s members are asked to share this information to other investors (Martineau 2018; Mac and Lytvynenko 2018.
In most pump-and-dump groups, the rank of members is determined by how many people they have invited to the group and what payment they have sent to an organizer. This structure gives higher-ranked members access to a pump signal anywhere from half-a-second to three seconds ahead of the general pool, a disparity that is often advertised openly.
Once a pump is initiated, group members flood the exchange and buy a coin in bulk, hoping to drive up its price. They then promote the coin on social media and create buzz around it in order to attract new investors.
These groups have been around for years, but they have recently exploded in popularity. Most of the popular pump groups I found on Discord and Telegram were created within the last two months. The numbers of pump-and-dump related ads I found on Facebook and Twitter have also skyrocketed over the same period.
There are a lot of pump-and-dump groups out there, but only a few are reliable. The best way to avoid these scams is to do your research and choose a good group that is trustworthy. In addition, you should be aware that pump-and-dump schemes are illegal and could get you into trouble with the law.
What is a Pump Trader?
A pump trader is a person who promotes stocks or cryptocurrencies in order to make huge profits. They use social media, websites like investorshub, and even Telegram to make their pitch. They often have hundreds of thousands of followers, and they show signs of extreme wealth (like expensive watches, cars, and travel).
These traders use social media hype to push up the price of stocks and cryptocurrencies. This is illegal and can cause serious financial harm if you’re not careful.
The scam works by encouraging people to buy a stock or cryptocurrency at an artificially high price, then selling it to them at a much lower price. The inflated price is caused by the fact that people are attracted to it by the promises of easy money.
Typically, these scams target penny stocks and cryptocurrencies that have little liquidity and are traded on OTC markets. They also have very low trading volumes.
They often advertise their scheme through Telegram groups and channels, which are heavily encrypted. There are several large communities, including Pump Notifier (27,000 members), PumpKing Community (14,200 members), Crypto4Pumps (16,700 members), AltTheWay (8960 members).
To attract participants, they usually send out adverts that promise to make people rich in a matter of hours. They also often claim to have insider information, which is a common way to inflate the price of a stock or coin.
This can cause the market to skyrocket, but then it will crash in a matter of days or weeks. This can be very confusing to new traders who don’t know what they’re doing.
The only way to avoid these schemes is to understand what they are and how they work. You can also take steps to avoid them by using a trading strategy that will help you spot these schemes before they happen.
A good way to identify these pump schemes is by examining the charts of the stock or cryptocurrency. If the price rises a lot, it’s likely that the traders who are involved in the scheme are making a huge profit, so the price will likely drop back to the pre-pump level once the hype dies down.
What is a Pump Market?
A pump market is a marketplace that sells and supplies pumps for various end-use industries. It is a highly competitive industry, and pump manufacturers face price pressures and the need to innovate to stay competitive.
The global pumps market is expected to reach $86,346.0 million by 2030, growing at a CAGR of 4.3% from 2021 through 2030. The market is primarily driven by increasing investments in the oil & gas industry. The market also benefits from technological advancements in pump manufacturing and new product launches that focus on enhanced performance.
In addition, the rising cost of infrastructural development in numerous economies is driving the demand for industrial pumps. The emergence of advanced pump technology is helping companies save on energy costs while providing long-term reductions in routine operating procedures.
Another key factor driving the market is the increased use of wastewater treatment facilities. These systems are used to process and reuse water for a variety of applications, including cooling, irrigation, industrial processes, and water transfer. The modular design of these systems reduces initial expenditure and expandability as demand for capacity increases.
Furthermore, increasing government investment in infrastructure such as high-rise buildings, roads, metro railways, airports, and others is expected to drive the market in North America. The region also boasts of a highly skilled labor force and a large supply of industrial equipment.
On the basis of End-use, the global pump market is segmented into construction, water and wastewater, oil & gas, chemicals, and power generation. The power generation segment is expected to witness significant growth in the future. The growth is attributed to the use of advanced pumps in power plants, which improves equipment performance and reliability.
By type, the global centrifugal pumps market is segmented into axial & mixed flow, multistage, single-stage, seal-less and circulator pump, and submersible pump. The multistage pump segment is expected to grow at a higher rate than the other segments over the forecast period.
The Europe region is the second-largest market for centrifugal pumps in 2021, owing to a number of factors, including developments in the construction industry and the increasing use of water in mining operations. ปั้มไลค์ is also expected to benefit from government initiatives to lower the pollution of freshwater bodies and treat water effluents.