Altcoin pump and dump - page 9. | Bitcointalksearch.org

_decentralise

member

Activity: 109

Merit: 16

I need a bigger chair after lockdown!

Quote from: jemimah_f3 on November 11, 2020, 04:46:28 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.

I'm hoping the community in general has become a little more resistant to pump and dumps. I don't think it's very likely though, crypto is still set up perfectly to trick vulnerable people into thinking they're gonna make huge returns and running off with their money.

BitTraderCute

full member

Activity: 899

Merit: 101

Quote from: ?? on ??

Quote from: geyayy on November 12, 2020, 01:16:55 PM

You will never know when will a project be a pump and dump scam, but to avoid being scammed, I think you'll be needing to be more cautious and read what their project is all about. And if it's too good to be true, you should start doubting already.

The problem is how he can avoid the scam project is there's not a strong indicator to determine which is the scam project? It's easy to avoid the scam project as long as we know how to determine that but it looks like OP is still newbies and he didn't not have a lot of knowledge about this too.

our experience will help us to identify which project was scam and which is legit. if often be victim from fake project i am sure we could idenitfy from first sight. so joining on as much as group will help us to get information about scam projects.

kawetsriyanto

legendary

Activity: 2450

Merit: 1140

duelbits.com

Quote from: ?? on ??

If you don't want the project that you are investing in suddenly dump then stay away from the new hype projects and go invest in mature projects such as eth, bnb, ltc, xrp and others.

You are right, new hyped projects, especially Defi projects, will have a bigger chance to have pump-dump tokens. It is normal since people only focus on the hype and not really know what the project is. Most people just buy the tokens because they are hype lately. That's why once the hype disappeared, the price of the tokens are starting to dump. Yes, investing in top coins is safer if don't want to involve in pump-dump tokens.

tanjiran

full member

Activity: 770

Merit: 113

Quote from: CryptoLogo on November 12, 2020, 10:47:12 AM

First, study how scam projects look and behave. The more you study, the more clear the signs of such projects will become for you.
Keep track of how the team delivers on their promises, whether they follow the roadmap. Also, it will not be superfluous to study how the team communicates with its community, whether it answers all technical questions. You can also check the technical documentation for plagiarism.

good advice. If we still lack experience, it's a good idea to follow an analytical project from a skilled person, but make sure the sources are credible and neutral, and not paid for promotion. I often use the Ico analytic channel as a reference https://t.me/ico_analytic, the information is updated and is accompanied by interesting infographics.
and in this forum, there is also a subforum that discusses suspicious projects, which can also be used as a reference so that you don't get caught in a scam.

Darktongue

sr. member

Activity: 574

Merit: 250

Quote from: jemimah_f3 on November 11, 2020, 04:46:28 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.

We all have our favorite Altcoins list that we don't want to share, right? History reminds us that cryptocurrency couldn't dump with huge flow. Any altcoins hasn't high probability to dump without new altcoins and big announcement altcoins. Some new altcoins are still on the hype and there is a high chance to dump them.

Doell

hero member

Activity: 2156

Merit: 531

when there is an product that stands out from the others you have to be careful ,it's different if the product has a future but you've researched project and are you sure it's legit? why are you afraid if you sure ,dont follow the sequence and maybe if you are afraid then you will get lost firend invest your money if you are sure by researching it first

ije07

sr. member

Activity: 1435

Merit: 250

PredX - AI-Powered Prediction Market

If you already know the characteristics of a new project or new coin then you can reconsider not investing in it. but if you are confident in a project that you may have researched before then invest some of the money you have. see Bitcoin is starting to move significantly, why not take part in BTC?

geyayy

full member

Activity: 588

Merit: 100

You will never know when will a project be a pump and dump scam, but to avoid being scammed, I think you'll be needing to be more cautious and read what their project is all about. And if it's too good to be true, you should start doubting already.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

Quote from: ?? on ??

If you don't want the project that you are investing in suddenly dump then stay away from the new hype projects and go invest in mature projects such as eth, bnb, ltc, xrp and others.

Agree, because it is better to invest in alt coins that already have the trust of many people nowadays because to invest in a project, of course we must have a broad understanding in determining whether the project is good, it will be very beneficial for us if the project is managed to develop so that it is not uncommon for the token price to be higher than the ICO price, but we must also not forget that if the project fails / scam it will certainly make us lose the money we have, if we do not have sufficient knowledge in researching a project it is certainly better if we choose to invest safely by buying and storing Bitcoin and alt coins which already have a wide market.

Fesatmas

sr. member

Activity: 2268

Merit: 275

The pump and dump phenomenon is a type of disease in crypto exchange. where this often makes novice investors give up at the beginning of the battle.
considerable risk in investing in altcoins that are likely to be lasting and profitable. they are novice investors who are trapped just because the price is cheap, so they can have quite a lot of assets. On the other hand there is nothing wrong with it, but what you need to do is not to hold it for too long. because the dump process can be easily done in seconds, and they will panic and hope the price will go up to the original position when they bought, even more dumps. So I recommend avoiding investing under the pretext of big profits in new altcoins.

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

Since covid-19 came to shake the world economy to zero level that is harding the government to grow the economy to normal level. Covid-19 also caused other currency to lose value during the pandemic that gave bitcoin the best among other cryptocurrencies in the market. Even altcoin reduced during the pandemic, that is making some investors wondering why altcoin is dumping by this season of the year, which is very close to 2021 that is making altcoin reduce. Bitcoin is still the best among other cryptocurrencies in terms of pumping in the market without dumping since we enter pandemic.
There are many new project in the market that is making investors doubt if the project are real project that will really bring out a good profit. The year is approaching where trader will start to they experience fake project in the market which will cause some many people lose their profit.

iv4n

legendary

Activity: 3346

Merit: 1191

Who plans to invest in new projects should research them, ask about those projects around, and in the end all you can do is to decide to take a risk or not! When taking any kind of risk you need to know what you are doing, anyone can read more about it in many topics here.
I wish to point out one thing, it's when you are making finial decisions, it's you who are doing that and you will be responsible for all the profit and all the loses that comes, never forget that.

soetikno

full member

Activity: 809

Merit: 100

currently bitcoin dominates in all exchanges, buying altcoins from now on you have to see the All time low and the All time High, there must be a certain analysis, if you buy directly without analyzing it you could waste your money, think about it carefully

btcltcdigger

hero member

Activity: 2086

Merit: 761

To boldly go where no rabbit has gone before...

Quote from: jemimah_f3 on November 11, 2020, 05:02:02 AM

But is a team usually aware that they are doing just pump and dump project or they just honestly do their job before a 3rd party perform pump and dump and make a coin worthless?

Some (scammers) are aware, and they do it intentionally.
But a select few have a very good idea and/or project, but don't have any other choice.
It's hard to find funding these days, so they pay in their tokens

CryptoLogo

sr. member

Activity: 656

Merit: 251

www.fintropy.io

First, study how scam projects look and behave. The more you study, the more clear the signs of such projects will become for you.
Keep track of how the team delivers on their promises, whether they follow the roadmap. Also, it will not be superfluous to study how the team communicates with its community, whether it answers all technical questions. You can also check the technical documentation for plagiarism.

drlukacs

sr. member

Activity: 854

Merit: 253

l0tt0.com

Quote from: jemimah_f3 on November 11, 2020, 04:46:28 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.

To define a good project and can develop in the long term is difficult at present. the correct prediction rate cannot be higher than 50%, it is true.
but if you still want to take risk then I can introduce you to some potential projects like Kira Network and Folder Protocol. I have had confidence in them because both projects are actively expanding communities in many countries and their protocols are one level higher than the current new projects.
Besides, Folder Protocol can fix the problem of current Filecoin and it is considered as Big Gem in some big communities in Vietnam. So this is a good opportunity for you to invest in long-term in these projects. The important thing is to consult the project carefully before investing, I only give advice based on my experience.

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: ?? on ??

Quote from: Zemomtum on November 12, 2020, 03:35:10 AM

Let your technical analysis guide you about pump and dump in the market, most often, there is always a sign of such occurrence being happening.

Technical analysis will not help someone much in this case, because the dump of a price is a result of the discharge and the pump is a price that is the result of a lot of demand in the market, this is very logical in general.

not all analysis techniques can not help because actually with this analysis can determine the steps in the future want to buy or sell even though it can't be accurate, at least it can help a little that is very sufficient.

XCANA

full member

Activity: 1470

Merit: 148

Quote from: jemimah_f3 on November 11, 2020, 04:46:28 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.

Altcoin are synonymous to dump and pump even the bigger father called Bitcoin. But the most lessons i have learned from these crops of altcoins is that, they don't have real life case use, this has made them be dumping grounds for investors. The only altcoins we should invest into should be that which has real case use, i mean real world usability. Don't invest into a coin without this ability, please.

Debonaire217

sr. member

Activity: 644

Merit: 364

In Code We Trust

Altcoin pump and dump are risky, these days, the trend for altcoins especially those from the Ethereum blockchain are the Defi projects. Most of the time, technical analysis isn't the basis for the pump and dump to the price of these tokens. It will be based on how good the marketing team and the developer team of the project perform in the market.

There are some instances that big shillers and influencers are targeting a potential altcoin to be pumped so its an advantage if we are also active on social media and messaging channels such as Twitter and telegram.

ven7net

full member

Activity: 1946

Merit: 112

Quote from: jemimah_f3 on November 11, 2020, 04:46:28 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.

The fact is that crypto projects cannot constantly show the growth of their cryptocurrency, so the price can also go down. You can see this both on BTC and other top cryptocurrencies. Therefore, it makes no sense to look for crypto projects and altcoins that will only grow, there are simply no such ones. The whole point of the market is to play both up and down. This must be understood and accepted. It is better to learn how to enter and exit the market correctly.

Topic: Altcoin pump and dump - page 9. (Read 60916 times)