Altcoins with 1000% Plus Profits - page 4.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: mohucool on August 29, 2020, 08:59:31 AM

The reason is low volume and utra low mcap , most of such coins are just scams and pumped by early investors in hope of making quick bucks. A lot of these coins are illiquid like even if the gains are 1000% you can't sell it in total due to very low volume.

You have to always be one very cautious with new projects as they are very high risk and reward projects and chances of scams are higher.

People who have big money can move the price and make people attract to buy and sell to make the price up to and down too. That can trigger have ap ump for the coins, so we need to be careful from that. As long as we can quit the market and already make a profit, we don't have to follow the price moves because we can get a trap at a high price if we still try to buy and sell the coin. There will be many others like that, and if we can not analyze better, I think we don't have to try to trade that coin.

Valak

full member

Activity: 743

Merit: 110

Quote from: ImThour on August 28, 2020, 07:51:58 AM

Hey Guys,

Can someone explain what are these altcoins and what is the exact reason of so much growth in just 24 hours?
Are they scam or legit? Thanks.

Image:

If we look at the CMC chart, there is indeed an increase in the price from $ 0.013 to $ 0.11 (+ 1,710.68%). However, if we look at the volume point of view, the onLEXpa coin is currently priced at $ 0.013 around $ 62.452 and at the moment the price is $ 0.11 volume is $ 65,555. There was only a change in volume of $ 3,103.

We're back to the exchange.
If we look at the order history, the sell order is bigger than the buy order.
I'm not saying these are scams, but compare in detail.

JamalAmal99

full member

Activity: 364

Merit: 130

first, look for information about the token you want to buy, because there are too many shitcoin scattered in the market, especially coins with very low transaction volume and it can be easily manipulated by other parties.

I was once hooked by the extraordinary movement of coins, and without thinking I immediately bought it but instead of profit I lost a lot.

mohucool

full member

Activity: 220

Merit: 101

Radix-The Decentralized Finance Protocol

Quote from: ImThour on August 28, 2020, 07:51:58 AM

Hey Guys,

Can someone explain what are these altcoins and what is the exact reason of so much growth in just 24 hours?
Are they scam or legit? Thanks.

Image:

The reason is low volume and utra low mcap , most of such coins are just scams and pumped by early investors in hope of making quick bucks. A lot of these coins are illiquid like even if the gains are 1000% you can't sell it in total due to very low volume.

You have to always be one very cautious with new projects as they are very high risk and reward projects and chances of scams are higher.

crzy

full member

Activity: 2128

Merit: 180

Quote from: hrunya102 on August 29, 2020, 02:26:12 AM

Often half-dead projects are pumped to attract attention, and then sold to new users, much less often they find something interesting in the project and it starts flying to the moon.

Most of the time its just a hype that will burst later on so be careful on investing on those projects because you might miss the selling opportunity. 1000% up is quiet too impossible to happen, but it you are holding those tokens before it pumped then you must sell before its too late.

bayudndy

full member

Activity: 824

Merit: 104

PredX - AI-Powered Prediction Market

Quote from: restuibu on August 28, 2020, 03:43:07 PM

in a lifetime, only now have I seen such a great pump in 24 hours (308314.8%) Shocked

, even bitcoin which is king in crypto has never experienced such volume in 24 hours, projects like this are clearly manipulating volume and they try to attract investors after which they will leave

Only shitcoin can grow like that, because no one has invested in that project and the team can pump them up anytime they want. How can Bitcoin grow like that? If that happens, then most of the people in this market will become billionaires in a day Grin

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

It is quite easy for big returns when you do not have a lot of liquidity. Let's say there is a coin out there with just 100 dollars on the sell side, that means if you spend 100 dollars you are making it go to space without any interruption, nobody sells it anymore, all you have to do is buy it at 1 cent to 5 cent all the way for 100 dollars and after that put it on 4 dollars and you can sell just one to yourself and you suddenly have a coin go from 1 cent to 4 dollars for 100 dollars.

So, as you can see it is not as hard as you think it is when the liquidity is actually nonexistent so at the worst case you just look for their liquidity if you are not sure. Could it be real and not a situation like this? Of course it can be, but it is quite unlikely that it would go above 1000% that easily.

xOdiumNostrumx

full member

Activity: 1064

Merit: 101

As others already mentioned, those tokens were probably a part of some pump and dump scheme or are coins with extremely low liquidity, so even a small buy can rocket their price to the sky. Avoid those projects at all cost or you will be basically throwing your money away. Those price spikes are created mostly to lure in naive investors.

hrunya102

member

Activity: 546

Merit: 11

Often half-dead projects are pumped to attract attention, and then sold to new users, much less often they find something interesting in the project and it starts flying to the moon.

bits4books

sr. member

Activity: 854

Merit: 264

Crypto is not a religion but i like it

I look at this screenshot and immediately understand that someone will lose a lot of money if they decide to start trading with these coins.
This is pure bubble and shit that someone pumped them to sell everything and dump it again. Such micro prices with unknown coins and such growth are a clear sign that you need to stay as far away from such tokens as possible.

nomenclatur

sr. member

Activity: 1344

Merit: 250

a highly risky investment in coins GRG, ONLEXPHA, SCM and DCH because the volume of the fake to traps so that there are people who want to buy coins that you should never make a purchased coin like this because obviously it's just a pump while to invite investors to invest so that you can get stuck and lose your money, of course, it is not good to make a purchased coin because all really trap.

Kunnu

member

Activity: 1204

Merit: 11

Investing in these kind of pump and dump coins/tokens may cause of big loss as we know that the creators of these kind of altcoins control its trade on some low quality exchanges that's why it shows huge surge in the price which is absolutely fake, we must understand this trap and avoid to invest in them.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Even after all these years it is surprising that the crypto users haven't learned any lessons. I would avoid the pump-and-dump coins like plague. Because you are most likely to purchase them during the beginning of the dumping phase. These coins are heavily manipulated and if you purchase them then you will be stuck with shitcoins in your wallets for the rest of your life.

imstillthebest

full member

Activity: 1638

Merit: 122

that first coin on the pic has growned by 300k plus percent wow that was the first time i have seen a coin pumped like that . it only looks so weird at the same time because the coin just sprout out of nowhere .

who ever have find this coin before is a certified hunter or maybe lucky at the same time because now his coin is now massive . cant tell if they are scam or what but lets take a distance , just in case .

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

Quote from: khiholangkang on August 28, 2020, 09:12:34 AM

Well, after I investigated the coins I saw they were low volume and listed on a small exchange.
Keep in mind, the smaller the volume the easier the price will be to manipulate.
For example, you can buy at $ 1 and sell it at $ 10 and you who buy it at $ 10 will make the price go up to 1000%.

The illustration is very easy to understand, and it is true. That is, with low trading volume, we can easily manipulate market prices and don't need the help of whales to do that.

And it is possible that this moment is used as a marketing tool for scammers who like to promise high ROI when you invest a certain amount of money, once you buy the coins, it is a sell order made by a scammer.

LouVandetta

sr. member

Activity: 602

Merit: 253

Quote from: abel1337 on August 28, 2020, 06:58:48 PM

This is obviously a manipulation, Common pump and dump scheme which most likely did by people who will benefit in this. Buying these coins will put you in trouble because this scheme only stays for a short period and there's a high chance that you won't get profit but will put you on loss. By seeing its volume, It can be proof that these coins can easily be manipulated. It's just abnormal in every way.

I really don't recommend to buy these coins because this can be considered as shit coins.

Exactly, it's just another pump and dump scenario on the exchange. And I'm pretty sure it's not a well known or big exchange.

The risk of investing on such alts is greater than you think. It could make you lose more than you expected, so not a very good move to make. I'm not gonna be surprised if in the next minutes or hours the price of that alt will be on red, since that's what they're for. Manipulating the price for their own benefit.

ImThour

copper member

Activity: 1470

Merit: 1609

Bitcoin Bottom was at $15.4k

Quote from: abel1337 on August 28, 2020, 06:58:48 PM

This is obviously a manipulation, Common pump and dump scheme which most likely did by people who will benefit in this. Buying these coins will put you in trouble because this scheme only stays for a short period and there's a high chance that you won't get profit but will put you on loss. By seeing its volume, It can be proof that these coins can easily be manipulated. It's just abnormal in every way.

I really don't recommend to buy these coins because this can be considered as shit coins.

Awesome! Thank you so much man for your honest feedback.

I have invested in:
- XRP
- BAT
- TRX

as my first investment and I am really hoping for success. 😇

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

This is obviously a manipulation, Common pump and dump scheme which most likely did by people who will benefit in this. Buying these coins will put you in trouble because this scheme only stays for a short period and there's a high chance that you won't get profit but will put you on loss. By seeing its volume, It can be proof that these coins can easily be manipulated. It's just abnormal in every way.

I really don't recommend to buy these coins because this can be considered as shit coins.

ImThour

copper member

Activity: 1470

Merit: 1609

Bitcoin Bottom was at $15.4k

Quote from: BeginToMine on August 28, 2020, 03:35:47 PM

Coins are seasons and trading is for people with minds. A coin can make one wealthy and a coin can send one to village. Being patients really pays and I must say crypto is a place for patients. Any coin can do any percent hence there's investors and it's tradable. Also if team could do well. Project can go to it's zenith. Anything can happen in Crypto which I always tell people.

I am gonna stick with your thought. I have invested in XRP, TRX and BAT. I am gonna stick until i get 10-20%.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: pikkie on August 28, 2020, 05:50:26 PM

Quote from: ?? on ??

It looks like market manipulation. Some exchanges use bot trading to do this and some projects use low volume trade to shows data like this to attract investors. You should be careful when seeing this type of unusual price growth in a project. Shit project does this to fool investors and if you look that's tokens 24-hour volume then you will see there is very low volume.

If you realize that there is a market that is manipulating then you should be able to avoid that coin and avoid that market because usually if you enter then you will have difficulty withdrawing assets and other cases that can make you lose.

You can get a glimpse of what is really going on with those coins if you will check their website, social media channels, whitepaper or roadmap. Because such price increase is really overwhelming and most of the time, it is owed to market manipulation of the team themselves. As those mentioned coins by the OP are really not popular here, it means more than likely they are just pump and dump coins, so be careful in touching those coins.

Quote from: restuibu on August 28, 2020, 03:43:07 PM

in a lifetime, only now have I seen such a great pump in 24 hours (308314.8%) Shocked

, even bitcoin which is king in crypto has never experienced such volume in 24 hours, projects like this are clearly manipulating volume and they try to attract investors after which they will leave

That's not organic growth so it is more of price manipulation. People should not be tempted to buy because more than possibly, it is a trap to those who will be tempted to buy.

Topic: Altcoins with 1000% Plus Profits - page 4. (Read 1015 times)