Topic: Another pump and dump manipulation - page 3. (Read 272 times)
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
How come people buy shit for such huge price? Well, low market cap project can be easily manipulated by anyone with some good amount of cash/usdt. That's what going with a lot of shit projects. People are pumping and dumping and making money while leaving the noobs investor with some shit coin/token. Without enough background analysis, why would people invest in a shit even? Pathetic.
This ain’t really new and has been happening since like what, the ICO boom of 2017? This is just a typical day in the crypto world.
Welcome to crypto. Where fundamentals doesn't matter and shitcoins pump 300% in 24 hours.
Personally, I prefer to stick to bitcoin, and avoid those pump & dump schemes.
There are some really interesting projects out there. But they are hard to spot, and you may end up with less BTC than before.
Unfortunately, a lot of projects (if we ever can call them "projects") like this makes a lot of noise. which only makes it more difficult to break through for real projects.
now like this at first out of my head, I can't remember any of the successful projects from the 2017 ICO hype. though I know there were some who were just promising.
but it is an unofficial rule. every good idea starts so much that it repeats itself until it becomes meaningless. For example, because of high DOGE coin "success", now we have probably more than 500 different coins named with dogy or different breeds of dogs.
This ain’t really new and has been happening since like what, the ICO boom of 2017? This is just a typical day in the crypto world.
Welcome to crypto. Where fundamentals doesn't matter and shitcoins pump 300% in 24 hours.
Personally, I prefer to stick to bitcoin, and avoid those pump & dump schemes.
There are some really interesting projects out there. But they are hard to spot, and you may end up with less BTC than before.
The fear of buying high mostly if a zone has not tested twice and the risk of joining a project that just made a massive bull run without any tangible cause. Not all bullish projects are worth the investment. For projects like this instead of joining while it's high just wait for a pull back then gamble the dip so that what ever the outcome you don't get trapped
This ain’t really new and has been happening since like what, the ICO boom of 2017? This is just a typical day in the crypto world.
That was scary, and RIP to the people who bought at its ATH they need to move on and say goodbye to their capital because there will be no way for it to recover. Those dudes will plan again another pump and dump strategy but on a different project where investors never thought what might be about to happen on their coins. If this gonna happen on the coins you invested, don't rush to buy other coins again, instead, take a little time to investigate and ponder upon what's going on because abnormal increases in the price have always some kind of anomaly so you better be careful not do the same mistake as the victim has done because they were blinded by the sudden increases of the price.
It would be interesting to know if anyone actually purchased, the value was probably within that range for only a few hours or less and could have been a failed attempt from a whale to manipulate the price by selling through bot accounts; This would definitely have moved the price greatly due to the insignificant market cap, but it is possible no one actually purchased at that value.
This is one of the risk in investing on new coins and tokens, they are gambling.
Lots of existing coins would also be gambling and there is a huge risk of a pump and dump, just make sure you do not buy into fomo. 
This is one of the risk in investing on new coins and tokens, they are gambling.
High risk gambling, I would say.
When people see figures like that, they think about how much they could have made if they got to buy, say $1K or $10 $0.0009702 and sold at $422.42. For that you might as well try to match the lottery numbers, which you know is not rigged. All the look of a pump and dump scheme.
See another manipulation of a new project, the coin is called greenex (gnx). From September 18 2021 the coin was selling at $0.93245. The coin increased to $422.42 on October 5 and decrease the following day back to $0.0009702 from $422.42. the coin ever since that time has been very low.
https://coinmarketcap.com/currencies/greenex/
I see this as a bump and dump coin, many people can see the coin increasing and invested but not knowing the coin will start to decrease the following day. Can you imaging what $10000 can turn to if invested when the coin turned $400 and it dumped that way, it will remain less than $0.0245.
This is one of the risk in investing on new coins and tokens, they are gambling.
https://coinmarketcap.com/currencies/greenex/
I see this as a bump and dump coin, many people can see the coin increasing and invested but not knowing the coin will start to decrease the following day. Can you imaging what $10000 can turn to if invested when the coin turned $400 and it dumped that way, it will remain less than $0.0245.
This is one of the risk in investing on new coins and tokens, they are gambling.
Jump to: