Anybody else confused by the dead-coins pump ?

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Tommiewill on January 29, 2023, 02:03:45 AM

I think only emerging coins and relatively well-known altcoins are worthy of my investment. Because the new coin doubles in price easily. I will not pay attention to some dead altcoins, even if its price rises, I think the risk is relatively large.

Dead altcoins are not coming back, however difficult it might be a pill to swallow. Bagholders of those coins would have already exit the market and hence the rest of small cap holders will be in a loss. It is better to move on from such coins.

Newly launched coins will suffer the same fate one day which is why they need to sold at high and the trader must exit to bitcoin only portfolio.

Rest of the sudden pumps are manipulated and hence should not be touched.

Tommiewill

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Quote from: WalkerIVIV on January 16, 2023, 06:04:27 PM

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.

I think only emerging coins and relatively well-known altcoins are worthy of my investment. Because the new coin doubles in price easily. I will not pay attention to some dead altcoins, even if its price rises, I think the risk is relatively large.

abel1337

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Quote from: isaac_clarke22 on January 28, 2023, 05:11:13 PM

Quote from: Silberman on January 28, 2023, 03:52:13 PM

~

Dead == Dead. There is no luck factor nor skills that is needed to profit from those dead coins since they are.....dead. I would not even attempt to try even if whatever coin that was recovered even a little bit nor if its price is near any top 10 coins.

Back on my tokens that I earned in 2018 were all just dead now and even if you attempted to make a cult to invest to that coin, it will never reach a $1. That's just too much of a desperate attempt and a waste of time. Could've invested the time instead to better stuffs. Cheesy

Yep no one will attempt to revive a dead coin unless they are a pump and dump scheme which is the one who are trying to pump a certain coin and leaving other behind. Some other people are just trying to make a profit on those pump and dump scheme and yeah it couldn't be better. Everyone is just trying to make a profit but others are just unknowledgeable enough to loss money from this schemes. Some are just asking for a miracle that something like investing in a dead coin will make them rich. It is an absolute waste of time to ask something for a dead coin.

isaac_clarke22

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Quote from: Silberman on January 28, 2023, 03:52:13 PM

~

Dead == Dead. There is no luck factor nor skills that is needed to profit from those dead coins since they are.....dead. I would not even attempt to try even if whatever coin that was recovered even a little bit nor if its price is near any top 10 coins.

Back on my tokens that I earned in 2018 were all just dead now and even if you attempted to make a cult to invest to that coin, it will never reach a $1. That's just too much of a desperate attempt and a waste of time. Could've invested the time instead to better stuffs. Cheesy

Silberman

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Quote from: Kelvinid on January 26, 2023, 03:39:33 PM

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...

Nobody will think that it pumps at first but can't just simply ignore how the whales work and the said manipulation is really making changes on its trend. But I don't think this could regain the trust and interest of the community knowing their past scam issues. I've said the said pump is not an indication that they still have the market potential, it was just because some people had worked a trick on it in order to look promising but it was not. They are already dead to the eyes of many investors - that is the reality.

This, if someone believes they are skilled enough to make profits with those dead coins then they can try their luck if they want, but they need to have at the back of their minds that those coins will never recover their former glory and they could collapse at any moment, so they need to be ready to sell those coins if they detect there is any problem forming, unfortunately I do not believe many traders are capable of this and I expect many of them to lose a lot of money with those coins.

Kelvinid

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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...

Nobody will think that it pumps at first but can't just simply ignore how the whales work and the said manipulation is really making changes on its trend. But I don't think this could regain the trust and interest of the community knowing their past scam issues. I've said the said pump is not an indication that they still have the market potential, it was just because some people had worked a trick on it in order to look promising but it was not. They are already dead to the eyes of many investors - that is the reality.

Furious 7

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Quote from: Little_Sister on January 25, 2023, 05:08:50 PM

Quote from: Furious 7 on January 25, 2023, 04:48:45 PM

This will happen sooner or later because regardless of anything, I personally feel that if we don't have the courage to do something like this, then don't do it because it's the same as wasting your money.
If you make a mistake there, it will be very difficult to return because we also know that a coin like this is only for the hype of the pump and dump, so I still make a limit because even if it succeeds, the profit will definitely be big, but it's not worth it for me to do.

I have neglected the coin instead of suffering losses, the list of coins has been pumped temporarily and they will throw it away after making big profits, so avoid trading and investing in risky coins and it is better to choose top coins even if you don't get big profits but avoid losses big.

Do not expect profit from risky investments in the coins above, the list of coins can fall at any time without recovery due to loss of community trust, after the top coin price grows then the coin will be discarded to switch to the top coin.

Wise choice. We know coins like this won't last long because it's really just about momentum and when the momentum has passed, coins like this will be discarded and the newest one, maybe now, is Bonk, which was really busy a few weeks before until now they are back to their previous position. this is what will definitely happen and actually not just bonk but there are many more coins like this.
When talking about investing, we must be aware that things like this won't be instantaneous, so actually taking advantage of things like this won't always get good profits if we just follow other people.

Wakate

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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 only those that are not wise that would be deceived on investing in such altcoin projects. I think I have been in the altcoins market for a while now and I know how must of these used to work seeing new project coming out of nowhere. All these project are ones that may not go too far in the crypto market because the news are everywhere of the detriment they can cause to investors.
Chainlink is a good defi project which has good uses with a great team. I like investing in crypto projects that are doing fine in the crypto market and I don't fall for me coins until I am very convinced about the project to be a good and reliable one.

so98nn

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Might be gesture from pump and dump groups. They will always use such coins which are available on the exchanger and are almost dead. This makes them easier to pump and dump because they can attract low value coin seekers attention and make them invest into it. Rest they will dump when it’s high enough and go for the next coin. Pretty sure there is no developments and no owners outlook in that. About the second part where coins with utility, well it’s nothing like they do no get attention. It’s all about their actual utility, peeps interest in it, and projects direction. They have to be moving in good direction to make investors invest in them.

AmoreJaz

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Quote from: lalabotax on January 25, 2023, 06:05:28 PM

Quote from: Little_Sister on January 25, 2023, 05:08:50 PM

I have neglected the coin instead of suffering losses, the list of coins has been pumped temporarily and they will throw it away after making big profits, so avoid trading and investing in risky coins and it is better to choose top coins even if you don't get big profits but avoid losses big.

Experience is the best teacher. If we have understood the scheme of pump and dump, we will stay away from this. However, those are the dead coins that seem like being alive again and rising up. This is too suspicious, isn't it? At that time, I ever thought to join the party because the coin seems like rising up, but after reading some information here I was aware that the scheme is exactly not for beginners. Beginners will only get the bad things and become victims of that pump-and-dump scheme. For me, the era of FTX, Tera, and other similar dead coins have been ended. So, whatever the condition of those coins, let it be, just stay away from them. Because they are too risky for me. And I really expect that many more people will also feel the same, not blind because of the high expectation of earning much money from that pump dead coin, moreover if we don't understand the scheme and how to get rid of it

i bet, not many people have such awareness of this situation like yours. i also have the feeling that these projects will have a short pump just to entice some naive buyers and dump it for good.
people should not trust these projects as they won't care if you got rekt with your funds. as much as possible stick to the top alts with active use case in the market.

mdzahed134

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Quote from: big kid on January 22, 2023, 03:08:38 AM

Kinda. I'm mostly confused that some people are actually buying those coins. Some influencers even promote them, and I'm like "what the hell?".

Those are paid influencers who's promoted SCAM project, but they don't care about it because they got money. Why i have to follow such influencers where i have to invest money from my own pocket, before buying a coin you should DYOR. I have seen even there are many big influencers promoting meme/shit coin then newbies attracted to buy it.

lalabotax

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Quote from: Little_Sister on January 25, 2023, 05:08:50 PM

I have neglected the coin instead of suffering losses, the list of coins has been pumped temporarily and they will throw it away after making big profits, so avoid trading and investing in risky coins and it is better to choose top coins even if you don't get big profits but avoid losses big.

Experience is the best teacher. If we have understood the scheme of pump and dump, we will stay away from this. However, those are the dead coins that seem like being alive again and rising up. This is too suspicious, isn't it? At that time, I ever thought to join the party because the coin seems like rising up, but after reading some information here I was aware that the scheme is exactly not for beginners. Beginners will only get the bad things and become victims of that pump-and-dump scheme. For me, the era of FTX, Tera, and other similar dead coins have been ended. So, whatever the condition of those coins, let it be, just stay away from them. Because they are too risky for me. And I really expect that many more people will also feel the same, not blind because of the high expectation of earning much money from that pump dead coin, moreover if we don't understand the scheme and how to get rid of it

Little_Sister

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Quote from: Furious 7 on January 25, 2023, 04:48:45 PM

This will happen sooner or later because regardless of anything, I personally feel that if we don't have the courage to do something like this, then don't do it because it's the same as wasting your money.
If you make a mistake there, it will be very difficult to return because we also know that a coin like this is only for the hype of the pump and dump, so I still make a limit because even if it succeeds, the profit will definitely be big, but it's not worth it for me to do.

I have neglected the coin instead of suffering losses, the list of coins has been pumped temporarily and they will throw it away after making big profits, so avoid trading and investing in risky coins and it is better to choose top coins even if you don't get big profits but avoid losses big.

Do not expect profit from risky investments in the coins above, the list of coins can fall at any time without recovery due to loss of community trust, after the top coin price grows then the coin will be discarded to switch to the top coin.

Furious 7

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Quote from: Rengga Jati on January 24, 2023, 05:31:29 PM

Quote from: Furious 7 on January 24, 2023, 02:57:07 PM

We have to realize that we are not whales in a matter like this, even though we can still take advantage of such conditions, this is only for people who are ready to lose.
As for what is happening now, it is people who are joining in without seeing the actual conditions that make them actually stuck at the top.

We are aware of this and even we also must really understand and be aware of this if we are not whales like them. Even though we may also have the chance to take advantage of this moment to benefit from the pump and dump scheme, this is a very high risk. Because, if we enter and leave at the wrong time, then we will actually lose our money. moreover, we can't expect coins like that to go up anymore, can we? Because usually dead coins won't pump many times. So this might be more gambling for us, especially for newbies. It would be better avoided. This scheme is like a trap for the victims of the hype of dead coins that will be always dead coins again.

This will happen sooner or later because regardless of anything, I personally feel that if we don't have the courage to do something like this, then don't do it because it's the same as wasting your money.
If you make a mistake there, it will be very difficult to return because we also know that a coin like this is only for the hype of the pump and dump, so I still make a limit because even if it succeeds, the profit will definitely be big, but it's not worth it for me to do.

tvplus006

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As for the FTT coin, this pump is explained by the statement of the new FTX chief John Ray says bankrupt FTX crypto exchange could restart - https://www.msn.com/en-us/money/companies/new-ftx-chief-says-bankrupt-crypto-exchange-could-restart-wsj/ar-AA16wWeL?ocid=finance-verthp-feeds Obviously, investors believed in this and pushed the price of the FTT coin up by 50%.

Silberman

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Quote from: Adbitco on January 24, 2023, 06:13:24 PM

I am not surprised seeing that those coin are rising significantly because in crypto there are lots of manipulation from the whales and middle investors or traders who always trying to gambling with the market causing it to attract newly investors who might not properly do their technical analysis very well before jumping into it, at this point only feeding the market to major whales. As a crypto expert or enthusiast always mind the rate at which you fall back on altcoin as they might not be reliable to hold on rather look toward to bitcoin, and besides don't be carried with the sudden changes.

At the same time we cannot discard the possibly there are many traders which do not care about any of that as long as they can make some money with it, and we even saw this on the forum, after the crash of LUNA threads began to pop out about how shorting the coin was a good idea or how a long term investment could eventually become profitable, so while whales are most likely responsible for what we are witnessing, many traders are also guilty of not caring at all and doing anything to earn a little bit of more money.

ethereumhunter

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Quote from: yazher on January 24, 2023, 08:24:46 AM

Quote from: ethereumhunter on January 24, 2023, 06:35:56 AM

Some whales like this pump and dump game, so they are looking for moribund coins to pump and dispose of them. This is what makes many people deceived by this game because they don't know the plans of the people who do the pumping. They could only keep up and in the end, it would be them who would lose.

This has already happened before and the whales have nothing to lose here because this is more likely their game they have a high chance of winning in this kind of situation because they are used to it for the past years. They know exactly what they are doing and they will gonna sell their holdings one after another you can see this kind of scenario when you look at Doge coins and their likes because these kinds of coins are the ones that are always pumping and then suddenly fall after a moment of increasing their prices. poor newbie investors, if they see the hype will gonna join thinking it is real when it is just baiting to lure them to buy those coins at their high price.

Dogecoin is a clear example that has become a game for whales, apart from other coins we have encountered. The whales could so easily shake the moribund coins in the market that traders wondered what was behind the pumping. But if traders and investors can think and look for other information quickly and even ask the project team, they can see nothing is interesting about the project so the pumping is just a way to find targets so that the whales can make big profits.

Quote from: Furious 7 on January 24, 2023, 02:57:07 PM

Quote from: ethereumhunter on January 24, 2023, 06:35:56 AM

Quote from: Furious 7 on January 22, 2023, 04:56:50 PM

Yep, in the end, this condition is still the same as before because indeed some coins that die in the end will only become coins which are indeed one of the things that are used as pump and dump gambling.
Some of us may be happy with this because we can still take advantage of the momentum when we are in the initial entry but we must be aware that this condition will not always be profitable and it is advisable not to do something like this in their current condition.

Some whales like this pump and dump game, so they are looking for moribund coins to pump and dispose of them. This is what makes many people deceived by this game because they don't know the plans of the people who do the pumping. They could only keep up and in the end, it would be them who would lose.

And if we want to keep up with the pump of the dying coin, we must remember that once we can get a decent profit, we have to get out of the game immediately and never try to chase profits again. That can make us experience big losses. We also must know not to use all our money because that is a big risk.

We have to realize that we are not whales in a matter like this, even though we can still take advantage of such conditions, this is only for people who are ready to lose.
As for what is happening now, it is people who are joining in without seeing the actual conditions that make them actually stuck at the top.
There have been many examples of this and even if I see some meme coins like this even I have seen it since a few years before with many complaining but they have never been deterred by something like this.

We are not whales but can follow the pattern they will use because so far, the patterns are almost similar and when we can identify the pattern, at least we will know that the pumping happening in the market is just engineering by the whales. And we don't need to follow it but just see how many people will be exposed to such deception. And the current situation, where many people who want to benefit from the crypto market make them try to find and keep up with the pumping that sometimes occurs in the market. But not many people can benefit from the market because some are losing. After all, they have bought at the peak of the price.

Adbitco

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I am not surprised seeing that those coin are rising significantly because in crypto there are lots of manipulation from the whales and middle investors or traders who always trying to gambling with the market causing it to attract newly investors who might not properly do their technical analysis very well before jumping into it, at this point only feeding the market to major whales. As a crypto expert or enthusiast always mind the rate at which you fall back on altcoin as they might not be reliable to hold on rather look toward to bitcoin, and besides don't be carried with the sudden changes.

carlfebz2

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Quote from: Rengga Jati on January 24, 2023, 05:31:29 PM

Quote from: Furious 7 on January 24, 2023, 02:57:07 PM

We have to realize that we are not whales in a matter like this, even though we can still take advantage of such conditions, this is only for people who are ready to lose.
As for what is happening now, it is people who are joining in without seeing the actual conditions that make them actually stuck at the top.

We are aware of this and even we also must really understand and be aware of this if we are not whales like them. Even though we may also have the chance to take advantage of this moment to benefit from the pump and dump scheme, this is a very high risk. Because, if we enter and leave at the wrong time, then we will actually lose our money. moreover, we can't expect coins like that to go up anymore, can we? Because usually dead coins won't pump many times. So this might be more gambling for us, especially for newbies. It would be better avoided. This scheme is like a trap for the victims of the hype of dead coins that will be always dead coins again.

Whales are indeed the ones who do play out with those pumps or the responsible on why those dead coins or low cap ones do make out some pump out.This is why we should really be careful on having consideration

on investing back because you might be just ending up on holding into those peak prices when these whales decided to dump it out immediately because lots had been fomo'ed out and this is where people

do mind off or been aware because its really that hard to deal because you wouldnt know if those price pumps sustainable or simply that a pump dump deal.

Rengga Jati

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Quote from: Furious 7 on January 24, 2023, 02:57:07 PM

We have to realize that we are not whales in a matter like this, even though we can still take advantage of such conditions, this is only for people who are ready to lose.
As for what is happening now, it is people who are joining in without seeing the actual conditions that make them actually stuck at the top.

We are aware of this and even we also must really understand and be aware of this if we are not whales like them. Even though we may also have the chance to take advantage of this moment to benefit from the pump and dump scheme, this is a very high risk. Because, if we enter and leave at the wrong time, then we will actually lose our money. moreover, we can't expect coins like that to go up anymore, can we? Because usually dead coins won't pump many times. So this might be more gambling for us, especially for newbies. It would be better avoided. This scheme is like a trap for the victims of the hype of dead coins that will be always dead coins again.

Furious 7

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Quote from: ethereumhunter on January 24, 2023, 06:35:56 AM

Quote from: Furious 7 on January 22, 2023, 04:56:50 PM

Yep, in the end, this condition is still the same as before because indeed some coins that die in the end will only become coins which are indeed one of the things that are used as pump and dump gambling.
Some of us may be happy with this because we can still take advantage of the momentum when we are in the initial entry but we must be aware that this condition will not always be profitable and it is advisable not to do something like this in their current condition.

Some whales like this pump and dump game, so they are looking for moribund coins to pump and dispose of them. This is what makes many people deceived by this game because they don't know the plans of the people who do the pumping. They could only keep up and in the end, it would be them who would lose.

And if we want to keep up with the pump of the dying coin, we must remember that once we can get a decent profit, we have to get out of the game immediately and never try to chase profits again. That can make us experience big losses. We also must know not to use all our money because that is a big risk.

We have to realize that we are not whales in a matter like this, even though we can still take advantage of such conditions, this is only for people who are ready to lose.
As for what is happening now, it is people who are joining in without seeing the actual conditions that make them actually stuck at the top.
There have been many examples of this and even if I see some meme coins like this even I have seen it since a few years before with many complaining but they have never been deterred by something like this.

tygeade

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Quote from: Xal0lex on January 24, 2023, 12:41:23 PM

All altcoins have developers and there are early investors. With these factors in place, it is already difficult to call such projects decentralized, but I do not support the opinion that it is not worth investing. It is worth investing, but it is important to determine the timing of investment. I agree that you should not invest in various altcoins for many years ahead, only bitcoin is suitable for that, everything else can turn into a scam at any time.

That is a new thing in the crypto world that we need to get rid of. Developers of the old times would create a project, and they would publish the wallet and there would be zero owners the day they publish it, no owner would have any coins, nobody would buy from early stage, nothing.

We would all mine it early on, and if we mined enough then we would make some money, if we didn't then we won't. This was decentralization, nobody had control over them and that's how it worked. Nowadays owners are distributing the tokens like candy, and early investors are getting quarter of all the supply in a single day, and then we expect it to go up, which is hard that way and it's a futile effort.

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Quote from: justdimin on January 17, 2023, 05:02:54 PM

Quote from: Xal0lex on January 17, 2023, 06:56:19 AM

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.

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.

All altcoins have developers and there are early investors. With these factors in place, it is already difficult to call such projects decentralized, but I do not support the opinion that it is not worth investing. It is worth investing, but it is important to determine the timing of investment. I agree that you should not invest in various altcoins for many years ahead, only bitcoin is suitable for that, everything else can turn into a scam at any time.

TastyChillySauce00

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Quote from: big kid on January 22, 2023, 03:08:38 AM

Kinda. I'm mostly confused that some people are actually buying those coins.

Some people were buying it caused by they were trying to short it with the hope to get profit instantly but this is also involving a very big risk when you were buying a token that already pumped so high. Those people are buying it with the hope that they can sell their tokens at the higher price when the pump will be going even further.

Quote from: big kid on January 22, 2023, 03:08:38 AM

Some influencers even promote them, and I'm like "what the hell?".

Those influencers were buying before the pump. Never try to believe with influencers caused by they want your money. Mostly of influencers were scammers.

yazher

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Quote from: ethereumhunter on January 24, 2023, 06:35:56 AM

Some whales like this pump and dump game, so they are looking for moribund coins to pump and dispose of them. This is what makes many people deceived by this game because they don't know the plans of the people who do the pumping. They could only keep up and in the end, it would be them who would lose.

This has already happened before and the whales have nothing to lose here because this is more likely their game they have a high chance of winning in this kind of situation because they are used to it for the past years. They know exactly what they are doing and they will gonna sell their holdings one after another you can see this kind of scenario when you look at Doge coins and their likes because these kinds of coins are the ones that are always pumping and then suddenly fall after a moment of increasing their prices. poor newbie investors, if they see the hype will gonna join thinking it is real when it is just baiting to lure them to buy those coins at their high price.

ethereumhunter

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Quote from: Furious 7 on January 22, 2023, 04:56:50 PM

Yep, in the end, this condition is still the same as before because indeed some coins that die in the end will only become coins which are indeed one of the things that are used as pump and dump gambling.
Some of us may be happy with this because we can still take advantage of the momentum when we are in the initial entry but we must be aware that this condition will not always be profitable and it is advisable not to do something like this in their current condition.

Some whales like this pump and dump game, so they are looking for moribund coins to pump and dispose of them. This is what makes many people deceived by this game because they don't know the plans of the people who do the pumping. They could only keep up and in the end, it would be them who would lose.

And if we want to keep up with the pump of the dying coin, we must remember that once we can get a decent profit, we have to get out of the game immediately and never try to chase profits again. That can make us experience big losses. We also must know not to use all our money because that is a big risk.

Furious 7

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Quote from: Hypnosis00 on January 20, 2023, 04:36:51 PM

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...

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.

Yep, in the end, this condition is still the same as before because indeed some coins that die in the end will only become coins which are indeed one of the things that are used as pump and dump gambling.
Some of us may be happy with this because we can still take advantage of the momentum when we are in the initial entry but we must be aware that this condition will not always be profitable and it is advisable not to do something like this in their current condition.

Yamifoud

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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...

Well, I'm not sure if there still have investors in these coins as they are known for being a scam project. Maybe only a fool person can do that and believe them from a manipulated price movement. But I'm not going to wonder why those projects have the potential to remain on the dip. Besides, it was not the perfect time for to them in bullish, we're still in the bear market so definitely, there is no such change in their situation unless someone will manipulate the price as well. Let these shitcoins/scam coins pump, they will drop and collapse after.

Silberman

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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...

I know what you mean however when you think about it then this is not as nonsensical as it may seem, traders at heart do not care about how good a coin can be, they care about the money they can make and nothing else, and despite how bad those coins are and how we remind other traders about the dangers of risking their money with them, if they think there is an opportunity to make money with those coins they are going to take it even if by doing so they are taking a massive risk.

Coin Gorilla

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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...

I found that to be a common pattern during times like these, the market is easily manipulated it, bigger whales are probably also counting on the psychological effect here that would trigger the FOMO effect and the hope that everything is going to be "just fine", making new influx of investment from regular users.

ningrum

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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...

2022 is the worst year for the world of cryptocurrencies especially in altcoins, for Bitcoin I don't think it will ever be a scam, but altcoins like Ethereum, Binance or XRP might be a scam,
we've seen lots of top altcoin scams, yeah you mentioned Luna, FTX, and even Voyager, of course this will make a crypto currency project really have to be analyzed in depth both fundamentally and technically.
to be honest, I myself am also confused about what to do next, but of course we don't just give up.

Jackl87

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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...

I am interested in cryptos since the end of 2017 or so, which are more than 5 years now and during that time i have seen so many weird events where i just don't know why it happened because there is no obvious reason for it. For example, i was part of a signature campaign a few years back and at one time those tokens had a really significant value, but then the price went down heavily over the course of at least 3 years. Then i sold one day because i wanted to invest in other projects with a brighter future and then 2 weeks after that the price of that token made a x6 or so again with one day, even though it was completely dead for at least 3 years with trading volumes below 1000$ per day. So i waited 3 years and then i sold 2 weeks to early lul. Sometimes dead coins get a pump without an obvious reason.

abel1337

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Quote from: big kid on January 22, 2023, 03:08:38 AM

Kinda. I'm mostly confused that some people are actually buying those coins. Some influencers even promote them, and I'm like "what the hell?".

Well influencers are gaining money from it that's why they are promoting it and some of those promotions are an obvious scam. People who are buying are either joining the ride or doesn't have any idea on what they are into. Hyping coins are still effective today and there are still many people who don't understand what are they buying to, The only thing they know is the possibility that they can gain profit from it and when they are on the point of getting some profits, some of them are just being greedy that's why most of them are just being at loss. We know that riding this kind of dead coins pump has its own risk and the risk is just too high to consider.

tvplus006

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To the Moon

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...

Where the price of the coin was greatly devalued during the dump process, the whale has a good opportunity to accumulate these coins in his wallet. The only goal pursued by them is to pump and sell for new market participants who believe in the restoration of these coins.

big kid

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Kinda. I'm mostly confused that some people are actually buying those coins. Some influencers even promote them, and I'm like "what the hell?".

redsun114

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I think confused is not the right word to be used here but we are only wondering if why did that happen. There is no need to be confused about them because we already know that they are the coins that we must avoid. No matter what they do, even if they show a good gain like this, they still can't erase the trauma that they caused to us by the time they scammed and affect the crypto market big time.

Chainlink is doing poorly than them but this was still a lot better and I will still go with this coin. The bull run hasn't arrived yet, that's why many good old coins haven't showing a sign of increase but once it arrived, they will also follow.

taufik123

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Rollbit.com | #1 Solana Casino

Quote from: shinratensei_ on January 20, 2023, 06:30:55 PM

Should just ignore these coins because they mostly have no future even if they are currently rising.
The thing with these coins in general that you already mentioned is the fact that even if they did rise hundred folds of their initial value they'd still have the chance of losing it all overnight.
You honestly better off investing in other coins at least that way you're not just being taken advantage of by the whales that seeks your money.

The whales are only playing their role to influence those who are constantly monitoring the destroyed dead coins like FTX and LUNA.

The price continues to be manipulated as if the price movement continues to be good, behind that the whale will be prepared to sell all of its holdings in trash coins to get a lot of profit and these dead coins will be worthless.

There is no backup on the dead coin, so the risk will be even greater. It is better to invest in coins that have a clear development and future.

Quote from: Baofeng on January 20, 2023, 06:51:20 PM

-snip-
On the other hand, if you believed on altcoins that has strong fundamentals then invest on them for the long run.

Not just short burst of price for pure p&d.

That's better, altcoins with strong fundamentals will last longer, because there is a lot of support for these coins.
A few short bursts are just a game of Pump and Dump and that's not good for anyone.

Baofeng

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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...

Yeah, but this is obvious pump and dump mate, this can't be sustain in the long run. Whales are playing with the price and manipulating it. But the problem is that when newbies see it and thought that they can join the fun and invest their money, then that is the time wherein they are going to sell and take their profits. So it's not good to see this dead coins suddenly pumping.

On the other hand, if you believed on altcoins that has strong fundamentals then invest on them for the long run.

Not just short burst of price for pure p&d.

shinratensei_

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Should just ignore these coins because they mostly have no future even if they are currently rising.
The thing with these coins in general that you already mentioned is the fact that even if they did rise hundred folds of their initial value they'd still have the chance of losing it all overnight.
You honestly better off investing in other coins at least that way you're not just being taken advantage of by the whales that seeks your money.

serjent05

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Quote from: lobo13hf on January 20, 2023, 05:55:13 PM

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.

True, we had seen this strategy too many times but investors still fall to this trick. I do not know why many traders and investors never learn, they keep on biting the bait and end up losing huge amounts of money when the manipulator decided to sell the huge chunk he/they collected when the target price is hit.

It is ok to participate in this kind of manipulated trade if we happen to be the first one to jump in because it can give us huge return, but often than not, we are late to the scene and often end up bag holding worthless token that the market manipulators dumped.

lobo13hf

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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.

Hypnosis00

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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...

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.

kawetsriyanto

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duelbits.com

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...

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.

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

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.

JunkieMiner

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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.

virasisog

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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.

Marvell1

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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.

Emperor of Man

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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.

lottery248

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Quote from: KnightElite on January 17, 2023, 01:17:27 AM

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).

maydna

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Quote from: poodle63 on January 17, 2023, 09:45:18 AM

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.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: RAppleby on January 17, 2023, 04:11:52 AM

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.

justdimin

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Quote from: Xal0lex on January 17, 2023, 06:56:19 AM

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.

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.

jrrsparkles

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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...

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.

poodle63

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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.

KingsDen

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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...

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.

Yogee

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Quote from: yazher on January 17, 2023, 12:59:43 AM

....
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.

Xal0lex

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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...

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.

RAppleby

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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.

iv4n

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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.

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.

KnightElite

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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.

yazher

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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.

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.

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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Activity: 1918

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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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Activity: 728

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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

legendary

Activity: 3304

Merit: 1617

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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

sr. member

Activity: 1498

Merit: 443

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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Activity: 2884

Merit: 579

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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

legendary

Activity: 2660

Merit: 1261

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

hero member

Activity: 1498

Merit: 504

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

hero member

Activity: 2562

Merit: 577

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

legendary

Activity: 2898

Merit: 1253

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.

Yogee

sr. member

Activity: 1554

Merit: 413

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.

Len Saldua

member

Activity: 256

Merit: 13

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...

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