Altcoins with 1000% Plus Profits - page 6.

khiholangkang

hero member

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Quote from: ImThour on August 28, 2020, 08:51:58 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:

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%.

Desscount

full member

Activity: 1386

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ComboLabs

for GRG I am not surprised that the increase is very high, because GRG is in the DEFI category and of course it is very profitable,
but for ONLEXPA I did not expect it to be big like this

Casdinyard

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Leading Crypto Sports Betting and Casino Platform

Quote from: ImThour on August 28, 2020, 08:51:58 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.

Those only happens with low currency volume and/or manipulated by fake trade. Better take yobit as an example, most shitcoins registered there are mostly being pumped then dumped right after many had invested. Yes, it is another form of scam, an indirect one. Not to accuse that those altcoins are scam/shit coins, but most likely, such events with high percentage growth in a day often were manipulated.

Take this as an example:
There are two users holding SHTCOIN
Currently, SHTCOIN is $0.00001
User A sold his SHTCOIN for $.01 in order
then User B bought it.

Hence, with such small volume and high increase, it was definitely a scam, fake trade, and fraud.

Chukwunonso

jr. member

Activity: 154

Merit: 1

I'm certain that those coin that increases in such a manner are utilized by pump and dump scheme, in most cases they are listed in only one exchange and they have low volume. Its not advisable to join any over pumped coin, because you may become the holder without the possibility of selling at profit.

minairia3

sr. member

Activity: 1498

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SecureShift.io | Crypto-Exchange

Quote from: ImThour on August 28, 2020, 08:51:58 AM

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.

There are different reason for this.

Low supply and can be easily controlled and manipulated.
Coinmarketcap data is wrong, sometimes the tokenmetrics submitted to them are different or got mistake resulting to so bullish when someone bought a coin
Always check the volume chances are the price is not real and just being played by bots

Those projects are never heard. Probably those are shitcoins and I advise you to stay away from those coins. Nothing will do better than to trade a legit coin. 1k gains is possible but it must be organic.

Docbee

full member

Activity: 822

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Quote from: ImThour on August 28, 2020, 08:51:58 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 real token that actually had close to 700% plus profit recently was Invox Finance. When it was listed, just about two weeks later it mooned from -4% to $694%. I think few people really got something from this because it was rarely expected. I have sold in hasty 65% of that coin I got from bounty at a very ridiculous price before the thing now mooned.

hosseinimr93

legendary

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Most of the times, you cannot sell such coins/tokens at the price shown on Coinmarketcap or Coingecko.
These coins/tokens usually don't have high liquidity and there's a big difference between best sell order and best buy order.

Take a look at onLEXpa's price which is now the biggest gainer on coinmarketcap.

Source: Coinmarketcap

As shown in the image, the price at the time I am making this post is 60 satoshi.

Let's go to Crex24 and check the price.

Source: Crex24

The best buy order is at 18 satoshi. As shown in the image, you cannot sell more than 0.048 BTC worth of onLEXpa.

Fundamentals Of

sr. member

Activity: 2366

Merit: 366

Those are shitcoins. Do not be fooled by shitcoins which are showing very high profit. You cannot just take the entire picture from those numbers in the image that you posted.

If you are diligent enough you would also want to know the volume of these shitcoins. There are so many shitcoins out there which have very low 24-hour volume. Anybody can pump those coins with just a small amount.

You should also try to research where these shitcoins are being traded. If they are listed on unknown exchanges, watch out. Their volumes might be fake.

batang_bitcoin

hero member

Activity: 3080

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Quote from: ImThour on August 28, 2020, 09:02:37 AM

Quote from: Akiko on August 28, 2020, 09:00:49 AM

Low volume currency , they can easily manipulate the price by giving fake trades and increase the price that way. Its not an honest trading views this just manipulated by owner or one of the supply holders so they can exit with high profit selling it to other traders.

No legitimate currency can give that profit in a day only shit coins do that.

So, If I want to invest in this, is it going to be a waste or I can have profit as well? Thanks.

It is faked so there's nothing for you to gain unless you are keen in checking the actual volume of those altcoins. If it is 100% legit then you're going to profit from it but it's unlikely. It is better for you to avoid such coins which you think you can gain 1000% gains because it's unreal.
Remember the good old quote about investments that are too good to be true.

usm2000

member

Activity: 156

Merit: 11

I dont know what happened in his , but i am very often read about rumors volume false or falsified the data volume to increase right volume of the market and attract investors , i just tell you what i read not assessment coin that you mention , i hope you can research clearer well

oxgroth

member

Activity: 143

Merit: 10

Nothing with 100% gains could be natural. Just pumps and dumps story. Typical market manipulation

bitsurfer2014

hero member

Activity: 924

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Quote from: ImThour on August 28, 2020, 08:51:58 AM

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.

Those coins have low market volume and a huge gain over a short period of time means they are pumped! Beware, even if some of them are not scam, you will likely lose money if you opt to trade with it.

ImThour

copper member

Activity: 1442

Merit: 1522

Bitcoin Bottom was at $15.4k

Quote from: BitcoinPanther on August 28, 2020, 09:10:30 AM

First thing, you must do your own research. You can ask question like this one but never believe 100% any reply made here without doing your verification check. There are lots of altcoins that gives 1000% profit but most of them takes more than months and goes up years to before exploding like that.

You can invest on those shitcoins but be vigilant because it is high risk high reward thing. If you happen to time them correctly, you can be a millionaire in less than a day, but if you are late then you can be a bagholder of millions of worthless coins or tokens. It is the timing that can determine whether your investment will go to waste or make a huge profit.

Thanks for your feedback. I tried to look into these and I am not sure where I can find these coins. I am Binance user and i am not able to find these coins.
Also, is there any altcoin you think can grow like these?

BitcoinPanther

hero member

Activity: 1918

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Quote from: ImThour on August 28, 2020, 09:02:37 AM

Quote from: Akiko on August 28, 2020, 09:00:49 AM

Low volume currency , they can easily manipulate the price by giving fake trades and increase the price that way. Its not an honest trading views this just manipulated by owner or one of the supply holders so they can exit with high profit selling it to other traders.

No legitimate currency can give that profit in a day only shit coins do that.

So, If I want to invest in this, is it going to be a waste or I can have profit as well? Thanks.

First thing, you must do your own research. You can ask question like this one but never believe 100% any reply made here without doing your verification check. There are lots of altcoins that gives 1000% profit but most of them takes more than months and goes up years to before exploding like that.

You can invest on those shitcoins but be vigilant because it is high risk high reward thing. If you happen to time them correctly, you can be a millionaire in less than a day, but if you are late then you can be a bagholder of millions of worthless coins or tokens. It is the timing that can determine whether your investment will go to waste or make a huge profit.

ImThour

copper member

Activity: 1442

Merit: 1522

Bitcoin Bottom was at $15.4k

Quote from: Akiko on August 28, 2020, 09:00:49 AM

Low volume currency , they can easily manipulate the price by giving fake trades and increase the price that way. Its not an honest trading views this just manipulated by owner or one of the supply holders so they can exit with high profit selling it to other traders.

No legitimate currency can give that profit in a day only shit coins do that.

So, If I want to invest in this, is it going to be a waste or I can have profit as well? Thanks.

Akiko

full member

Activity: 896

Merit: 198

Low volume currency , they can easily manipulate the price by giving fake trades and increase the price that way. Its not an honest trading views this just manipulated by owner or one of the supply holders so they can exit with high profit selling it to other traders.

No legitimate currency can give that profit in a day only shit coins do that.

ImThour

copper member

Activity: 1442

Merit: 1522

Bitcoin Bottom was at $15.4k

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:

Topic: Altcoins with 1000% Plus Profits - page 6. (Read 996 times)