Any clue why whales are pumping shit coins at DEX? - page 2.

carlisle1

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Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

Do you really have no idea about this?Whales tend to do that and not only in DEX even before Dex arrive Pumping and Dumping is already at place.

We have seen so many coins in the past that from almost no Volume suddenly comes x50 to 100 for a period of time and then will back to where this started.

I mean They wanted to Use the Pumping as Bait so if you are not familiar in this system and by all Greed you Invested then you are the Victim.

Lucky those who are in timing to Ride then exit because for sure they will Bag some good amount.

shoreno

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not only on dex but that also happens in cex however cex are more regulated so shitcoins are controlled than dex which shitcoins can easily be listed . all coins can pump and usually its followed by a dump but whats the big deal with that , people just set thier sell order on that range to earn a good profit thats why .

what do you think are ways for them to collect cheap coins when dexes are the place you can find bargain coins and the best time to buy is after a dip .

rat03gopoh

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I don't think that's the whale's behavior, and the whale won't take any risks trading on shitcoins.
The difficulty of identifying legitimate trade volume and liquidity on DEX is sometimes exploited by most project owners to manipulate it. Of course their target is to attract people who aren't very selective in their interests.

CryptoTech_

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Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

I don't think it's the whale. The price of a new token on DEX is very easy to go up and down, because it does not have sufficient liquidity.

JohnSmock

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I've witnessed tons of PnD on Uniswap. So many BS tokens is listed there, so it requires very very little volume to pump a coin into the stratosphere and back.

Been trading at Blocknet's DEX for awhile, and really enjoy the fact that I can trade BTC LTC BLOCK and other coins. It's not built on Ethereum, which has it's advantages.
Their DEX is getting integrating into their multi currency wallet, which is getting released real soon (within a month or so). Here's how it's gonna look like: https://xlitewallet.com/

You don't see hard assets like Litecoin, Dash, etc moon on these DEX's, shitcoins does.. But that's pretty normal on traditional centralized exchanges as well.

Teraboy

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Quote from: wajik-tempe on November 25, 2019, 05:42:04 AM

The whales are baiting the people to have FOMO and buy the coin instantly and make the coins pretend to be a really good coin so people will think they will make a really big profits in the future if they kept the coins. But at the end the whales sell all theirs and leave the people stuck with loss

This is always happening when the market are still on the bullish trend. They were not only creating FOMO but they were making a lot of little shrimps will be massively blindly buying such coin without try to DYOR.
There will be a lot of newbies will try to shorting it and the whales can take the advantage from there.
The whales are pumping but after there will be enough buy order and the whale will be dumping it again and it will worth nothing again. This is the real PnD scheme.

ichi

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In reality, there are such a large number of approaches to control coins, particularly on DEX or even in Binance Dex. Yet, since we don't have any confirmation we can be anticipating on it what is a potential situation that occurs. Maybe, that was presumably on the siphon and dump gathering. Purchasing everywhere sums all at once and afterward draws brokers additionally to purchase, however when the large whales hit the objective they will sell all they had. O something else is only a just controlling the cost on the said trade.

adroitful_one

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Quote from: BitHodler on November 27, 2019, 04:43:02 PM

Quote from: adroitful_one on November 25, 2019, 10:14:12 PM

I don't think they have even the slightest idea on how to read a market. You just need a bunch of followers to pump the price of a coin up quite a bit.

Agreed. It reminds me of when I entered crypto for the first time and had no clue about anything within this space. I was tempted to buy into such a coin myself but I'm glad that I didn't because it seemed too good to be true.

If you think logically, the price of a coin doesn't pump because of the group "pumping" it, but because the people buying the coin, which then attracts even more noobs that get excited and buy as many coins as possible. It's the sad reality.

Yup. Avoid buying in during one of these pumps or at an all time high at all costs. More than likely, even if you get in in the middle of a pump, you'll still end up losing money. That's because people have been buying this coin at a much lower price the whole time it was there. Then, they sell whatever they're holding into buy orders at the higher prices. So, by the time you get in in the middle, there's probably not many good buy orders to sell in to and you'll end up riding it back down in price. Basically, if you see anyone telling you to buy something because it's going to go up a good percentage soon, avoid it.

bohr

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Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

It will be nice to see an example of what you are talking about since depending on the information that growth can mean many different things, in the past I have seen coins going up in value as much as you are stating but when you saw the volume of the coin you could see no one was buying and selling the coin, so it was most likely an attempt to lure investors to buy the coin and create FOMO so they could sell their coins for those inflated prices.

monineklutak

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Quote from: BitHodler on November 27, 2019, 04:43:02 PM

Quote from: adroitful_one on November 25, 2019, 10:14:12 PM

I don't think they have even the slightest idea on how to read a market. You just need a bunch of followers to pump the price of a coin up quite a bit.

Agreed. It reminds me of when I entered crypto for the first time and had no clue about anything within this space. I was tempted to buy into such a coin myself but I'm glad that I didn't because it seemed too good to be true.

If you think logically, the price of a coin doesn't pump because of the group "pumping" it, but because the people buying the coin, which then attracts even more noobs that get excited and buy as many coins as possible. It's the sad reality.

it is common in DEX, many new tokens are there, of course their owner or CEO offers beautiful words to make FOMO happen in the community,
or maybe just manipulation Angry

BitHodler

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Quote from: adroitful_one on November 25, 2019, 10:14:12 PM

I don't think they have even the slightest idea on how to read a market. You just need a bunch of followers to pump the price of a coin up quite a bit.

Agreed. It reminds me of when I entered crypto for the first time and had no clue about anything within this space. I was tempted to buy into such a coin myself but I'm glad that I didn't because it seemed too good to be true.

If you think logically, the price of a coin doesn't pump because of the group "pumping" it, but because the people buying the coin, which then attracts even more noobs that get excited and buy as many coins as possible. It's the sad reality.

whyrqa

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Quote from: Pelunize12 on November 27, 2019, 07:04:38 AM

Quote from: CjMapope on November 24, 2019, 05:44:42 PM

Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

it COULD be money laundering, but that wouldn't be my first guess haha Tongue

They are just making profits
Whales manipulate and control supplies of small cap coins, they can take only a few BTC in some cases, move a coin 200+%, and get others to FOMO in
Then they dump the cheap coins the have been collecting for weeks of the small cap coin. Rinse and Repeat. In crypto its not even illegal as theres no one regulating body monitoring ALL exchanges : /

all you explain is pump and dump scheme, not money laundering. both are different.
but, i agree that's the reason why there are many pumps shitcoin at DEX
we all know that DEX has low volume, and it makes easier to do pump and dump scheme

Quote

Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process "launders" it to make it look clean. Money laundering is itself a crime.

All this Sounds rather deplorable, because all situations when cryptocurrency is used in various illegal actions causes negative for me. On the one hand, I am very worried about the information when law enforcement authorities say that someone is selling drugs or weapons with the help of cryptocurrency, as well as using the cryptocurrency to launder funds obtained by criminal means. This could lead to a ban on cryptocurrency. But if you look from the other side, the state can fully legalize cryptocurrency in order to control the amount of money in the cryptocurrency market and have access to information about the sources of income of each cryptocurrency user. This can play a very good role in the implementation of further plans of users to use cryptocurrency in everyday life of a person.

milewilda

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Quote from: arwin100 on November 26, 2019, 11:30:19 PM

Quote from: MI6 on November 26, 2019, 09:58:28 AM

Quote from: Fundamentals Of on November 25, 2019, 09:29:13 PM

Quote from: MI6 on November 25, 2019, 03:29:34 AM

Quote from: Fundamentals Of on November 24, 2019, 10:53:36 PM

Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

These whales who are the developers themselves know that there is only one way for their shitcoins and shittokens to get attention and it is by pumping them. But this should not be taken as a sign that these shitcoins and shittokens are gaining momentum due to their product. This is a sign that the developers which are mistaken as whales are not doing their proper job. They are choosing to do the easy yet absurd way to raise the price.

And the way is worked because the OP know about it and tell us all here. Grin

I think if there are developers who pump their shitcoin, maybe they have reason for it. Beside to get people's atention, maybe they tired with complain from their investor why the coin not pumped yet. And i think for something like a token or maybe "shitcoins" that pumped in market, shouldn't really surprise with it. Or else we can get FOMOed by that.

Yes, it should not come as a surprise to us. We should not be trapped by all these shady pumps. Sometimes these are done in order to attract the attention of traders and investors. But once they will buy, the prices will begin dumping again. Only the whales are gaining from it. And another thing, it is not hard to pump a shitcoin. A mere $100 is enough for many shitcoins to double their price and volume.

Honestly, sometime it looks like real pump tho. Grin

Maybe that is why a lot of people still trapped, not resist if sometime we can see people trapped in a shitcoin that get pumped. It is natural because sometime if we see a chance, we wouldn't want to missed it and want to make profit with it.

See this scenario for so many times and many people thinks that the coin will pump for more that's why they get trapped for the hype coming at that time that's why we better careful unto this and we should not watch those shits since for sure they are the target of manipulators since they are easy to pump and manipulate by the whales who got bigger pockets.

Small cap coins would really be easy to manipulate and its a common thing for these kind of shit coin pumps and being obviously manipulated by those whales on where this do trigger out
the fomo feeling and when you are just new into this market then most likely you would end up on a trap.Most newbies would really have that perception that the price might even shoot up more
and when they do accumulate those shit tokens then thats the time they would tend to dump.There are no specific signals on which one would be pumped up and if youre lucky
or in connect with some whale then you might have an advantage on getting early.

Pelunize12

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Quote from: CjMapope on November 24, 2019, 05:44:42 PM

Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

it COULD be money laundering, but that wouldn't be my first guess haha Tongue

They are just making profits
Whales manipulate and control supplies of small cap coins, they can take only a few BTC in some cases, move a coin 200+%, and get others to FOMO in
Then they dump the cheap coins the have been collecting for weeks of the small cap coin. Rinse and Repeat. In crypto its not even illegal as theres no one regulating body monitoring ALL exchanges : /

all you explain is pump and dump scheme, not money laundering. both are different.
but, i agree that's the reason why there are many pumps shitcoin at DEX
we all know that DEX has low volume, and it makes easier to do pump and dump scheme

Quote

Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process "launders" it to make it look clean. Money laundering is itself a crime.

maxreish

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Why?
-They are the owner or the team of that coin.
-They have a pump and dump group who manipulates coin at Dex
-Because they are gaining if they pump it and investors are going to buy or sell it.

It's not money laundering. Lol, I mean this is a usual scenario in the crypto exchanges and in the crypto market. Don't be surprise at all, some may fall because of the sudden price pump of a certain coin but after buying it, it hardly pump again. It's because of that pump and dump group. You should be aware of that.

Bitze

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Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

you're right with both points. so p&d with such a small volume is almost exclusively one of the two.
i wouldn't recommend investing any time at all and ignoring it directly. in the end, you'll only lose money otherwise.

arwin100

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Quote from: MI6 on November 26, 2019, 09:58:28 AM

Quote from: Fundamentals Of on November 25, 2019, 09:29:13 PM

Quote from: MI6 on November 25, 2019, 03:29:34 AM

Quote from: Fundamentals Of on November 24, 2019, 10:53:36 PM

Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

These whales who are the developers themselves know that there is only one way for their shitcoins and shittokens to get attention and it is by pumping them. But this should not be taken as a sign that these shitcoins and shittokens are gaining momentum due to their product. This is a sign that the developers which are mistaken as whales are not doing their proper job. They are choosing to do the easy yet absurd way to raise the price.

And the way is worked because the OP know about it and tell us all here. Grin

I think if there are developers who pump their shitcoin, maybe they have reason for it. Beside to get people's atention, maybe they tired with complain from their investor why the coin not pumped yet. And i think for something like a token or maybe "shitcoins" that pumped in market, shouldn't really surprise with it. Or else we can get FOMOed by that.

Yes, it should not come as a surprise to us. We should not be trapped by all these shady pumps. Sometimes these are done in order to attract the attention of traders and investors. But once they will buy, the prices will begin dumping again. Only the whales are gaining from it. And another thing, it is not hard to pump a shitcoin. A mere $100 is enough for many shitcoins to double their price and volume.

Honestly, sometime it looks like real pump tho. Grin

Maybe that is why a lot of people still trapped, not resist if sometime we can see people trapped in a shitcoin that get pumped. It is natural because sometime if we see a chance, we wouldn't want to missed it and want to make profit with it.

See this scenario for so many times and many people thinks that the coin will pump for more that's why they get trapped for the hype coming at that time that's why we better careful unto this and we should not watch those shits since for sure they are the target of manipulators since they are easy to pump and manipulate by the whales who got bigger pockets.

L A R A

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I think something like that is not done by whales, but the dev from the token
The price of a token suddenly goes up, then significantly decreases by the developer to attract the attention of the token holder

MI6

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Quote from: Fundamentals Of on November 25, 2019, 09:29:13 PM

Quote from: MI6 on November 25, 2019, 03:29:34 AM

Quote from: Fundamentals Of on November 24, 2019, 10:53:36 PM

Quote from: absurde on November 19, 2019, 09:52:07 AM

As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?

These whales who are the developers themselves know that there is only one way for their shitcoins and shittokens to get attention and it is by pumping them. But this should not be taken as a sign that these shitcoins and shittokens are gaining momentum due to their product. This is a sign that the developers which are mistaken as whales are not doing their proper job. They are choosing to do the easy yet absurd way to raise the price.

And the way is worked because the OP know about it and tell us all here. Grin

I think if there are developers who pump their shitcoin, maybe they have reason for it. Beside to get people's atention, maybe they tired with complain from their investor why the coin not pumped yet. And i think for something like a token or maybe "shitcoins" that pumped in market, shouldn't really surprise with it. Or else we can get FOMOed by that.

Yes, it should not come as a surprise to us. We should not be trapped by all these shady pumps. Sometimes these are done in order to attract the attention of traders and investors. But once they will buy, the prices will begin dumping again. Only the whales are gaining from it. And another thing, it is not hard to pump a shitcoin. A mere $100 is enough for many shitcoins to double their price and volume.

Honestly, sometime it looks like real pump tho. Grin

Maybe that is why a lot of people still trapped, not resist if sometime we can see people trapped in a shitcoin that get pumped. It is natural because sometime if we see a chance, we wouldn't want to missed it and want to make profit with it.

adroitful_one

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Quote from: BitHodler on November 23, 2019, 07:08:23 PM

Quote from: ?? on ??

More than likely, it some sort of signal group that sent a signal out through Twitter or Telegram to tell people to buy a certain coin. They do this to pump up the price and make a profit. The only problem is, the only people making any money are the people that originally sent out the signal to everyone. Everyone else bought in near the high and got screwed.

People who got screwed have only themselves to blame for. If you rely on someone else to tell you what to long and short you are not going to succeed in life. It's pure gambling that you do and nothing else.

Even those who sell signals are just guessing. Do you really think a trader with the right skill set will share his money making trades with others for a small amount? They don't need pocket change when they can make huge profits.

Also, one must love to lose money buying into something that has shot up vertically. That's never a sign of health in a market, especially when it comes to illiquid shitcoins that require little capital to pump hard.

That's exactly what I was getting at. I don't think they have any clue what is going on with the market. They're just throwing coins out there and the reason they're going up is because it's something that the signal groups bought and told everyone else to buy. I don't think they have even the slightest idea on how to read a market. You just need a bunch of followers to pump the price of a coin up quite a bit.

Topic: Any clue why whales are pumping shit coins at DEX? - page 2. (Read 1087 times)