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Topic: Altcoin pump and dump - page 7. (Read 60916 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 16, 2020, 12:26:56 PM
Pump and dump are normal for new projects, usually, altcoin price somehow becomes stable once the project becomes established. But take note that even projects that are already established are susceptible to pump and dump not because of manipulation but due to the inherent volatility of the market. There is no specific metric but you can consider the total supply as a good indicator, the lower the supply is the easier the price changes in the market, but it still depends on the market volume.
The most important indicator is volume, a coin like bitcoin that has such a huge volume is almost impossible to pump and only those that have lots of bitcoin can do anything remotely close to that but when it comes to newer coins that have a very low volume and that for the most part a few whales like the developers control a great majority of the coins then those coins become extremely susceptible to being pumped, which is why no one should invest in those coins because just as they can pump they can dump and you can lose a fortune in the process.
member
Activity: 490
Merit: 16
November 16, 2020, 11:50:21 AM
Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.
It's a risk to invest on altcoin even if you've do good analysis on the projects, anything can still happen and nothing is guaranteed, use diversity strategy so that the chances of getting positive results will be high, you can limit risks if you invest on top altcoins, 10 to 20 on coinmarketcap
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
November 16, 2020, 11:29:36 AM
Many projects gather tens of millions of dollars from investors and they use it for either personal stuff to get paid or they just use it for the company behind the project and not the project itself directly (purchasing tokens back).

I believe if you gather 100 million dollars for a project, you can leave about 20% of that for token buy back for dire conditions, you could have 20 million dollars worth of cash at ready (probably at usdt or btc or eth) and if the price suddenly starts to drop a lot, you could buy it and give confidence to market and not allow it to go down too much, when traders see this they will definitely stop selling and they will even buy it to make it go up, you could sell smaller amounts during this period to gather that 20 million back and even have more tokens.
copper member
Activity: 840
Merit: 114
November 16, 2020, 11:23:05 AM
Altcoin that is conceived from an authentic undertaking will consistently be on some Altcoin positioning site, so everybody can without much of a stretch check through the site Altcoin positioning. I encourage you to put resources into altcoin that are in the main 500 coinmarketcap, on the grounds that the volume of this altcoin must be high and it demonstrates that numerous individuals accept to putting resources into this altcoin.
actually, the top 500 altcoin assets are not very secure. but it is good enough when looking at the volume of trades carried out on the exchange. as you say, they have a fairly high demand and are well-positioned. but the altcoin market was very easy to break down when bitcoin started to decline. Currently, altcoins are not in such a bad state because bitcoin is in a safe position. but when bitcoin collapses, it will be very dangerous for the altcoin market.
hero member
Activity: 1260
Merit: 504
November 16, 2020, 11:08:27 AM
Altcoin that is conceived from an authentic undertaking will consistently be on some Altcoin positioning site, so everybody can without much of a stretch check through the site Altcoin positioning. I encourage you to put resources into altcoin that are in the main 500 coinmarketcap, on the grounds that the volume of this altcoin must be high and it demonstrates that numerous individuals accept to putting resources into this altcoin.
newbie
Activity: 3
Merit: 2
November 16, 2020, 09:37:59 AM
I know about a rather unusual project with its own exchange. it is still at the start but has very ambitious plans also for some time the issue of coins will be in the form of pos mining . It is called Diplex Group
legendary
Activity: 3318
Merit: 1185
Playbet.io - Crypto Casino and Sportsbook
November 16, 2020, 03:57:46 AM
Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.
Pump and dump is only possible with low volume coins and that too on bad quality exchanges like yobit etc where most coins are just for the sake of pump and dump and they provide no real use case. To avoid such coins you should trade only genuine projects.

Top altcoins are the best where you know that those cannot be pump and dumped. Also, their rise is quite certain when the altcoins begins to rise as those low prices or lower volume coins are mostly used for pump and dump startegy. I choose to ignore such coins because I am happier with the top coins as I do look for a long-term holding which can yield good profits.



You have to be careful with dealing on the pump and dump of coins with less volume because it's very risky that it's possible we would end up as bag holder. of course I'm not saying you can't play with it, it's still up to an investors choice, if he is a risk taker, then maybe he will be playing with the pump and dump game for not so liquid altcoins.
jr. member
Activity: 42
Merit: 1
November 16, 2020, 03:51:03 AM
I mentioned some in my previous posts but here some more: Theta, Utrust, BAT, ENJ, CRO


What altcoins do you mean?
if indeed it's a legitimate altcoin why hesitate ?? aren't we in this crypto world ready to take risks, if you want to get profit.
jr. member
Activity: 42
Merit: 1
November 16, 2020, 03:37:10 AM
Agree with you and as many folks advise here I must do a thorough research before investing in some project.


Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.
Pump and dump is only possible with low volume coins and that too on bad quality exchanges like yobit etc where most coins are just for the sake of pump and dump and they provide no real use case. To avoid such coins you should trade only genuine projects.
jr. member
Activity: 42
Merit: 1
November 16, 2020, 03:34:13 AM

sadly but some projects don't care about the future, they just want immediate profit


What do you think is more influential, marketing and promotion or development? I mean as a regular person who would like to invest in some new and intersting project, but I'm not a tech-savvy girl and understand only some basics in IT so what I see mainly is advertising and marketing.

Actually the three things that you mention have an influence on each project, because projects that don't have good marketing will also not progress and projects that don't have good promotions will also not be easily recognized by many people and projects that don't have good development Nor will it progress in the future, so those three things have an influence on each project in my opinion.

member
Activity: 938
Merit: 13
AMEPAY
November 16, 2020, 03:27:38 AM
Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.
Pump and dump is only possible with low volume coins and that too on bad quality exchanges like yobit etc where most coins are just for the sake of pump and dump and they provide no real use case. To avoid such coins you should trade only genuine projects.
jr. member
Activity: 186
Merit: 1
November 16, 2020, 03:23:06 AM
almost all projects have experienced pump and dump but what is very important is risk management, there are many aspects that we must pay attention to to get maximum profit when we buy altcoins when ICO / IEO

Pumps and dumps have indeed become part of cryptocurrency,
not just a new project, but everything including bitcoin, of course risk management, financial management, and emotional management must also be important things that you life in the crypto world.

Altcoins are much more volatility than bitcoin. That is why they give more opportunities to earn money on pump and dumps. But altcoins do not have liquidity of Bitcoin. It is possible just to buy altcoin and not to sell it because the absence of liquidity. Also altcoin must be secure. This is an article about this https://bamboodefi.medium.com/

There are a lot of scammers so it is very important to be careful.  Huh
legendary
Activity: 3766
Merit: 1217
November 16, 2020, 01:29:18 AM
I think altcoin's price goes up or down because Bitcoin's price goes up or down,
 What other reasons could there be?

To an extent, the altcoin prices are dependent on that of Bitcoin. But it should also be remembered that during the last few weeks, there was a sharp increase in Bitcoin dominance. It was around 57% two months back and now the market share has gone up to 65%. Most of the altcoins are declining against Bitcoin, although they seems to be stable against fiat currencies.
member
Activity: 99
Merit: 10
November 16, 2020, 12:14:42 AM
I think altcoin's price goes up or down because Bitcoin's price goes up or down,
 What other reasons could there be?
full member
Activity: 486
Merit: 100
November 15, 2020, 11:38:53 PM
now bitcoin dominates the market making Altcoin a dump and switching to bitcoin, but if you take the opportunity to see ATH and ATL in the altcoin you are monitoring maybe you know it will pump or dump, when I want to buy altcoins I will look at the ATH and ATL dna see the project roadmap schedule
member
Activity: 868
Merit: 15
November 15, 2020, 11:05:49 PM
As the crypto market rises and falls so must the pump dump but currencies that are in high demand for investment pump up very quickly due to the rise in the price of bitcoin the demand for other currencies has declined everyone is holding on by investing in bitcoin. Due to which altcoin is being dumped but over time that is likely to change it will also pump up a lot if the demand for altcoin increases like bitcoin but the best currency to invest for the future is bitcoin.
member
Activity: 124
Merit: 10
November 15, 2020, 10:45:51 PM
Cryptocurrency market pumps and dumps continue like this all the time. If you invest in good quality coins, there is usually no loss. If you invest in a coin's future plant, you will not lose.
member
Activity: 116
Merit: 10
November 15, 2020, 10:34:03 PM
Bitcoin is the mother of cryptocurrency and altcoin is the child of cryptocurrency.
 All the time the price of altcoin is increasing or decreasing due to the price of Bitcoin.
 Because altcoin always follows Bitcoin.
hero member
Activity: 3024
Merit: 629
November 15, 2020, 09:21:45 PM
I have be into Crypto for years and have come to understand something's about trading. Once you arewant to trade, first understand what you are trading and best position to join. You don't have to buy at top knowing the fact it will definitely dump. Always know the best time and position to buy and trade.
Its not a wise decision to buy on top just because of FOMO.

Always check the coins if there's a basis for it to go to the moon in the future.

There are coins existing as pump and dump because it has no main uses that can solve real problem, beware of it.
sr. member
Activity: 616
Merit: 250
November 15, 2020, 05:53:37 PM
I have be into Crypto for years and have come to understand something's about trading. Once you arewant to trade, first understand what you are trading and best position to join. You don't have to buy at top knowing the fact it will definitely dump. Always know the best time and position to buy and trade.
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