How often will you pump a coin.One coin per month or more frequently?What if devs start dumping their holdings to take advantage of our pump?How will you counter this?
We will make 4 to 5 votes per month, no coin will be pumped more than 1 time during the month to avoid any attempt of manipulation. all these rules will be announced with the 1st pump.
Regarding the scam coins.. that's the main reason why we will pump the top voted coin considering that the majority of this community can judge if this coin is scam or not.
however to be honest no exchange market is guarantied 100% if any one told you so then hes got to be a Scammer, we will win some times and lose some times but the most important thing that you dont lose more than what you can afford so the next time we can mange to make way more profits. but as a community we will have the upper hand in most of our trades specially when we grow with a massive number of members.
Thank you, and please dont hesitate to ask if you have any other questions
How can you very say that you are pumping the coin yet you say that you are not going to manipulate.Those two words do not sit together.If you are pumping the volumes you are manipulating the market for the purpose of extracting a profit.
im sure your talkin about pump and dump that what you should call manipulation, dumper are scam-destroying the markets this concept is way too far from ours.
ill tell you about it briefly we vote for a coin so we can focus our investment on it.
1-in our community w've got 2400 members so far and since this a vote based community, we vote on many coins to invest in and our Members Decide the wining coin then we start buying it, the price will normally goes up ... its all about supply and demand..(the 1st market rule) many traders will buy this coin including our community members, then the price will act with supply and demand and will raise up higher, many traders during the purchasing will sell their orders to gain profit but of course not all of them well sell their orders cause they need more and more (human nature its the 2nd Market rule), in this exact case people are gonna buy and sell to each others which is exactly what is the exchange all about.
2-when the sellers exceed the buyers demands... in our community wev got a some thing called the VOTE CONTRIBUTION AMOUNT which is around 0.002 BTC multiplied by the members count, we use these contribution capital to cover the over selling and try to stabilize the market again as long as we can.
So all of the above is not a price manipulation its called a typical trading environment.
now let me tell you about price manipulation ....
when a group of people buys a huge amount of coins and then convince others that this is a pump so people go buy with all what they got thinking its the way to the paradise
then suddenly the first few people start selling their huge amount of coins causing what is called a dump with 0% of price recovery ... Thats a price manipulation. and you may call it a pump and dump scheme.
and in case if you gonna ask the usual question, why we should trust you that you wont do the same idea ... the answer as i said it many times before is PumpMyCoin community is not a free service it comes with a monthly fees ... and these fees wont make me think about dumping my community members for a couple of Bitcoins.
PumpMycoin Community is a project.
Thank You
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