it could be 100% certain that most of dead coins pump was just attempt of market manipulation, these ridiculous gains was indeed without any proper reasoning.
moreover it was short lived, so there are many individuals that gonna lose their money thinking they would make some good money out of it but the reality is that the moment you see the value already increase you're already late.
Topic: Anybody else confused by the dead-coins pump ? - page 3. (Read 483 times)
FTX, Celsius, Voyager, and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...
C'mon...
Perhaps, it was not new for me to see these things happen in the market. Sometimes we got fooled by the developers, many projects have really a good start and gain the interest of the investors but as the competition continues, the momentum has changed and started to decline. I'd say it was not because of having the good fundamentals but it is all because of how the developer and the team work on their project to continue giving their product and services to the community. Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...
C'mon...
FTX, Celsius, Voyager, and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly... C'mon...
I'm not surprised by this, because this is very likely to happen. Moreover, we know how the pump coins scheme is actually dead. But on the other hand, developers, teams, and big investors are still losing a lot of money. So that could be one of them, namely by doing a price pump so that people think that the coins have recovered and will go up again. In this way, there will be many people who are stuck back, especially the newbies who are tempted by the increased rate and the promises of these projects. But afterward, after they get a lot of profit, there is no guarantee that they will return to these coins and invest. It's like hit n run.Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...
C'mon...Anybody else confused by the dead-coins pump ?
Never be confused, ignore these kinds of coins pump. Stay away from them and let it be. never trapped to re-invest again in them. high risks.
The recently big change in the btc may be the reason for all these, because we had not seen the pumping of btc since a long time, when it happens eventually then most of these type of coins got a hype and they got into better position, well some goes down a bit as well. We may seen some big pumps in the coming days.
It happened to me when I was new in the market. A dead coin that I bought a long time ago has pumped and it gave me false hope. It's a good thing that I sold my coins after that pump but a wrong move that I bought again because of the thought of gaining a better profit again.
As for me, there are dead coins that would not recover again and would remain nonpotential so those coins should be avoided. There are lots of dead coins nowadays and we might mistakenly see them as recovering coins when they pump so we must be skeptical.
As for me, there are dead coins that would not recover again and would remain nonpotential so those coins should be avoided. There are lots of dead coins nowadays and we might mistakenly see them as recovering coins when they pump so we must be skeptical.
I wouldn't be surprised as we all know nothing is impossible in the crypto market. The increase in the price of a coin sometimes does not necessarily come from potential coins or from major events, any coin can be pumped and can happen at any time. Cryptocurrency is still a manipulated market, and it happens very often for altcoins, so you shouldn't be surprised that dead coins can go up several hundred percent. Don't be surprised but don't be curious invest in them, you'll regret it in time.
Most of the times it's a stupid move with no reason, and it shouldn't suggest that you invest on it.
But remember, sometimes it's a mistake people made in calling those projects dead. A lot of people considered solana and serum to be dead coins after the fall of FTX in late 2023, because FTX was a big investor. But it has been a mistake and both of those are doing pretty well now, and will probably have a future.
But remember, sometimes it's a mistake people made in calling those projects dead. A lot of people considered solana and serum to be dead coins after the fall of FTX in late 2023, because FTX was a big investor. But it has been a mistake and both of those are doing pretty well now, and will probably have a future.
I can consider it as manipulation, it always happening where certain coin does not have any more uses and can be called as scams but the big players (whales) are usually pumping those coins where they putting huge margins in the bottom for the price to manipulate and it can go pump. When the traders and some investors saw it, they are entering in that coin while the whales are starting to sell their position that may cause huge dump and losses for some investors and traders. As a trader, I avoid those kinds of coins because it is a double edge sword for me. Yes, it can give me huge gain in the short term but one wrong move, I'm aware that I can lose huge amount of money so it is better if I avoid it.
yes. normally, dead coins would be delisted somehow, or sometimes being cellar boxed. it is more likely someone closed his short positions that affected the others into domino effect. these coins, even if you could trade it, better not engaging it at all or you could be end up yourself in trouble (saw some coins dropped to near-zero in a matter of day).
the thing with these dead coins are that they've lost 95% of their value that 100% increase within short time really seems so significant meanwhile it'll just means fraction of its value recovered yet it still lost majority of its value. that's why these dead coins increasing in value seems like a big thing but actually just futile attempts of trying to make some dead coin lives again.
Maybe the people who bought the dead coins were hoping they could return to being profitable again. But it won't be that easy because investors have lost confidence in investing in these dead coins and are better off investing in other more promising coins. And there may be whales who want to persuade non-investors to think that a dead coin can bounce back by trying to pump its price higher. But unfortunately, it could be a trap to profit from greedy people who want to try to profit again from the dead coin. legendary
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This will attract some people to participate. And this project will carry out a lot of publicity and hype, so that more people can participate. When people buy greedily, when they feel their funds reach a certain amount. There will be a lot of selling. Some crypto novices were forced to lose their funds, which also led to some people leaving the crypto world.
The novices who lose money is not a small amount, that loot is voluminous enough to make these scammers run more pump and dumps. Just think about how many noobs are fooled into buying coins that are suddenly pumping - they have no idea that this forum exists where we try to warn people not to fall for these scams but are blinded by the PnD groups.These hypes often start with social media and therefore those of us who are in social media actively should avoid listening to anyone online talking about these coins or trying to hype them. Dead coins are dead, dont try to play with them, you will get burnt out.
If functionality and technology were the most decisive thing in the industry, we would have seen completely different coins in 1st,2nd,3rd place a long time ago. Bitcoin is extremely slow, with expensive transactions and limited block size. Ethereum is very expensive in terms of fees. Still, this does not prevent these projects from being at the top, although many projects that can demonstrate a more technological approach, cheap commissions, fast transactions, are at the bottom.
You should never make a decision to invest in a project based solely on the project's outstanding technical features. It may turn out that everyone just doesn't care about the technology.
It is definitely not just about the tech. There are a lot of other things that we need to consider when we are investing and just the pure performance of it is not the main thing people look at.You should never make a decision to invest in a project based solely on the project's outstanding technical features. It may turn out that everyone just doesn't care about the technology.
First of all, decentralization and trust are the most important ones right now, just to give an example; bitcoin is unlike any other when it comes to "ownership", all those SOL and AVAX and Matic etc etc all those coins have a team at the top and that team could make it great or make it crash, bitcoin doesn't have anyone like that. Which is why I believe that we shouldn't invest into anything like that, ETH is quite similar, there is a foundation but not owner like team at least.
FTX, Celsius, Voyager, and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly... C'mon...
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...
C'mon...Whale or group of them are trying to sail along with the rise of BTC by pumping some money from their pockets on shitcoins and completely dump when investors money come into the market but why they pick FTX, anyone really is going to invest after the company went bankrupt and zero hope of further progression!
For other coins doing poorly the rise of bitcoin can be a reason too because for a long while the market has been stagnant so when they see BTC rising suddenly they liquidate shiotcoins to buy some BTC to make something.
the thing with these dead coins are that they've lost 95% of their value that 100% increase within short time really seems so significant meanwhile it'll just means fraction of its value recovered yet it still lost majority of its value. that's why these dead coins increasing in value seems like a big thing but actually just futile attempts of trying to make some dead coin lives again.
FTX, Celsius, Voyager, and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly... C'mon...
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...
C'mon...Dead coins makes two things to happen to the coin.
First the trading volume will reduce to a large extent and again the price will be low. This will make it very easy for it to be manipulated by whales.
When you see such coins making those unexpected moves, don't be lured it if you don't have good timing. Just small amount of the whales money will greatly affect such coins.
Such pump of dead coins only benefits old holders who can easily sell at first pump.
....
they don't really care when they lose their money when they gamble like this because they are multi-millionaires
What? Of course they care whether they make profit or not. Who would be crazy enough to just throw hundreds of thousands or millions and expect it to lose? The impact is probably less on them since they most likely gamble what they can afford to lose but they still want to make more money. they don't really care when they lose their money when they gamble like this because they are multi-millionaires
FTX, Celsius, Voyager, and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly... C'mon...
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...
C'mon...If functionality and technology were the most decisive thing in the industry, we would have seen completely different coins in 1st,2nd,3rd place a long time ago. Bitcoin is extremely slow, with expensive transactions and limited block size. Ethereum is very expensive in terms of fees. Still, this does not prevent these projects from being at the top, although many projects that can demonstrate a more technological approach, cheap commissions, fast transactions, are at the bottom.
You should never make a decision to invest in a project based solely on the project's outstanding technical features. It may turn out that everyone just doesn't care about the technology.
This will attract some people to participate. And this project will carry out a lot of publicity and hype, so that more people can participate. When people buy greedily, when they feel their funds reach a certain amount. There will be a lot of selling. Some crypto novices were forced to lose their funds, which also led to some people leaving the crypto world.
I think whales are just gambling on these once popular and top coins since they've been like 99% down already so it's easier to create huge buy volume. It's not surprising if they bounce once the retail investors or casuals starts riding the hype. They will look for that next heavily dumped coin or token and repeat the process.
Whoever is doing this, whales or some pump & dump groups, is just trying to scam people. It's easy to create some volume and that can attract some people, fresh blood... so people who are trying their luck with hyped dead coins are the ones who actually gamble, against all odds I would say.
Nothing new in the crypto world, I doubt that anyone here is really confused. After a while, you just stop paying attention to it and focus on real projects.
I can consider it as manipulation, it always happening where certain coin does not have any more uses and can be called as scams but the big players (whales) are usually pumping those coins where they putting huge margins in the bottom for the price to manipulate and it can go pump. When the traders and some investors saw it, they are entering in that coin while the whales are starting to sell their position that may cause huge dump and losses for some investors and traders. As a trader, I avoid those kinds of coins because it is a double edge sword for me. Yes, it can give me huge gain in the short term but one wrong move, I'm aware that I can lose huge amount of money so it is better if I avoid it.
I think whales are just gambling on these once popular and top coins since they've been like 99% down already so it's easier to create huge buy volume. It's not surprising if they bounce once the retail investors or casuals starts riding the hype. They will look for that next heavily dumped coin or token and repeat the process.
That's why it's even scary to invest in those once-failed coins because clearly there is no future with them when the whales will decide to dump their coins one after another. Things like this should be clearly not recommendable to do because those whales are used to doing this kind of stuff and they surely know what they're doing most importantly, they don't really care when they lose their money when they gamble like this because they are multi-millionaires and the things you need to worry is your money because the price will crash, there will be no turning back to recover it again.
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