Anybody else confused by the dead-coins pump ? - page 4.

cryptoaddictchie

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Quote from: Len Saldua on January 16, 2023, 11:23:49 AM

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... Huh

C'mon...

These projects are probably hanging by a thread. Means there is a solid play in terms of trading since whales or other retailers might think that there are something going on and these might do a solid pump. But if you reviewed their financial standing, youll see that there are no special things been cooking. So be careful not to be caught in these pump and dump scheme.

Wexnident

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I'd just avoid them honestly. If you think there was any value in them then you should've invested in them beforehand, and it's honestly unrealistic to invest in an asset that already pumped, that's just a one-way ticket to losing your money imo. Especially if we consider how we all know these coins are already dead. it wouldn't be out of the picture that these pumps are just manipulated by some whale out there aiming for newbie investors. Even if it wasn't intentional, I'd avoid buying it early on and probably wait a few weeks to see what happens.

GreatArkansas

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Quote from: Len Saldua on January 16, 2023, 11:23:49 AM

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... Huh

C'mon...

Just be careful about this. If you are planning to invest in these *dead coins, you must be careful because there are some traders who are just making money on this by manipulating the market.
You can try to trade here but for me, if you do, you seem to do gambling here. You can try but just try a first small amount of your funds.

dothebeats

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Dead coins being pumped and dumped every now and then is nothing new. A lot of whales have been buying and selling these coins in order to generate fake volume before they call that something is happening, and then sell it to unknowing people. Usually they time it every time bitcoin is on rally mode, so as not to make it as if it's something artificial and that a lot of people will also buy in to the trap.

The only problem you would have is: you didn't buy when you first noticed something, and now you're regretting it somewhat.

dunfida

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Quote from: Len Saldua on January 16, 2023, 11:23:49 AM

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... Huh

C'mon...

Not totally surprising yet whales and other investors do really love on touching up those shitty coins or you can say that having no real-use case at all type of projects or coins.Its not confusing nor rather than
surprising or shocking but rather these are just these normal days specially when Bitcoin do rally up.

Almost coins is really that being dragged going upwards if Bitcoins price is really that bullish.We cant even tell if this is some sort of bull trap but i wont really be that shocked.
So if you do have the guts on taking up the risk then you could always dive in. Cheesy

serjent05

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Quote from: Len Saldua on January 16, 2023, 11:23:49 AM

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... Huh

C'mon...

This is a normal scene in the cryptocurrency market. I think whales had accumulated huge chunks of these coins while the price bottomed and now it is time for them to take a profit they timed it on the surge of Bitcoin since the sentiment is currently hyped. In this situation, I stay away from these pumped coins market because there is a huge possibility that whales are just dumping on us and will abandon them when they have collected enough.

Psynthax

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It's just some small increase I doubt it qualify to be called good increase at all, I think as many have said you should refrain from investing into these coin for the very reason of whale manipulation.
these fake increase will more likely not last long and if you decide to invest in it in situation like this you might just made worst decision ever.

WalkerIVIV

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even though they might be rising, but I don't think they are good investments anyway, moreover the moment you see they rise that much you're already late, better invest in something better like BTC, even if you see right now BTC is gaining value quite good enough compared the rest, investing in those shitcoins you just mentioned just gonna be waste of money. Even though i'm sure that pump was made not by whales but by some desperate holders that still think those coins gonna regain its former glory.

uneng

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Regards Celsius it must the own scammers using depositors' funds to pump their token. They have been doing it since always and now they have the permission from the court to continue using creditors' funds as they wish, to run their scammy company.

That is an attempt to fake a demand for the token, expecting investors will fall for this bait, what I highly doubt at this time.

Anyway, they don't care. It's not their money they are wasting...

bitcampaign

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I'm not sure buying crypto coins or tokens that are problematic because I know whales will use it to make money so it's better to avoid it even though it looks tempting when it will fall for the umpteenth time, preventing is better than having to lose a lot of money

Yatsan

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Quote from: DeathAngel on January 16, 2023, 02:25:48 PM

This is crypto, the wild west of investing. Unexplainable movements happen, it is what it is. If money is there to be made & the markets have low liquidity then whales will do it.

Just be careful because people with deep pockets can just as easily manipulate markets to send prices in the opposite direction.

Everyrhing's based on demand. No matter how majority considered something as "dead" if afterwards it will still have a demand for any possible reason, then its market value will again be active. Indeed, things are just way too unpredictable in this industry because demand in the first place is not consistent and is changing from time to time. We saw many projects which are still 'alive' up until this point even if they are not considered by majority. As long as there would be a small community to create a demand, then things are still possible. But when it comes to investment, engaging with dormant projects won't be advisable even if rewards would be big because of the possible rate of increase.

KiaKia

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I will rather invest my money on something that still has it's reputation intact than those that are already labeled scam, are you blind or what? Better not let greed control you, Chain Link is better than all these FTX crap projects, it's time will come.

DeathAngel

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This is crypto, the wild west of investing. Unexplainable movements happen, it is what it is. If money is there to be made & the markets have low liquidity then whales will do it.

Just be careful because people with deep pockets can just as easily manipulate markets to send prices in the opposite direction.

nurilham

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It is just a pump on some coins. Whales have their own plans to pump which coins they want, the coins like FTX, Voyager, or Celsius are pumped early. While other coins are following later. I think it is a normal gain, nothing very surprising about this. The coins with good fundamentals will also increase soon if Bitcoin can increase constantly. So, don't worry about the coins that you are holding! As long as you hold good coins, you will have a chance to see their pumps, too. Just wait for the time, dude! Wink

livingfree

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Lesser volume coins or the dead ones can easily be revived by the whales. They'll mark in the charts because they're pumped and got a sudden increase in the volume.

Don't be surprised by this phenomenon because it happens normally to the market.

You do expect that when these dead coins goes up, the good ones or the ones you're holding will also pump? Don't think that all of them will also pump.

ryzaadit

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It's simple mate!

Coin with less volume is more easily to be pump or triggered rather than top-major coin. Comparing dead/shitcoin into a major coin it's really wrong, did you know why they called shitcoin?

It's a coin with high volatility, and easily to be manipulated without any foundation of the movement.

klidex

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Quote from: Yogee on January 16, 2023, 11:34:22 AM

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.

Agree with what you have said.
However, whales would prefer to choose a top coin that has fallen and does not have a large buying volume because it is easier to manipulate and trick many traders or investors into getting into the coin.
Once a lot starts to enter, the price can increase rapidly.
That way the whales will carry out a sale on all their assets so as to generate large profits easily and in the end the traders and investors who enter only become victims of the whales.
So every swordsman or investor has to be careful if you want to get into a coin that has been hit by FOMO because it has a very big risk.

Anonylz

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Quote from: Len Saldua on January 16, 2023, 11:23:49 AM

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... Huh

C'mon...

It is obvious you are bag holding Link and you wish it made a run during the btc pump, maybe it is not it's time yet. I can't say exactly why those shitcoins are pumping alongside btc but you should not forget those shitcoins are only for trading now, so probably some group of whales pumping the price to later dump on investors who knows.
When the proper bull market sets in, Link will have it's moment.

o48o

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Quote from: Len Saldua on January 16, 2023, 11:23:49 AM

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... Huh

C'mon...

Trading bots and whales like to play with anything that has enough volume and volatility. I've made a ton of money trading dead and crashing coin bounces. They are specially good for trading because you don't need to hodl them. You just trade the waves and leave them behind. Ulnile coins like chainlink that slowly loses investors interest, when they have good fundamentals those are more long time hodling, not for chasing pumps. At least you can take comfort that you can accumulate chainlink in peace.

TheUltraElite

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So anyway, I applied as a merit source :)

Compared to all time highs that they have seen, these are minor but strong pumps. Also these are all the coins that have gone scam or bankrupt - for us investors, both are the same. So possibly someone is playing with their holdings but I have my own doubts that I would not reveal for now.

In either case dont even look back at these coins, forget about investing a single satoshi, they are dead coins and they are not coming back - because once a name gets ruined in this industry there is no coming back to clean up the image.

Rather focus on bitcoin as it is going up, sell when you need to cover yourself and buyback at the next bear market.

Topic: Anybody else confused by the dead-coins pump ? - page 4. (Read 542 times)