Collective actions is how the market trends and directions are changed. It’s not something uncommon but very difficult to achieve as, having a cabal can’t always create an effect on the market without having to convincingly affect the thought patterns of the many traders in the market outside of the cabals.
You must make the various units of traders, active in the market buy the idea of a possible trend change, open positions in that regard and you’ll find a pump and dump scheme materializing.
One thing is for sure, most people know this now and the market is so large that it could swallow the entire effort and projections from the cabals before the intent is initiated in the market.
Topic: Can collective action actually influence the crypto market? (Read 146 times)
legendary
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Leading Crypto Sports Betting & Casino Platform
That's not a good strategy but a very good plan to deceive the innocent investors who might buy a coin only because they think that others are buying and holding it and there can be good potential in such a coin. The only ones who make money in such coins are the early investors or you can say the deceivers.
yeah the market is created artificially to attract people into investing in the project unknowingly that they gonna lose money the second they put their money in. it's definitely trying to deceive people and isn't a good practice.
I think I've seen same thing got practice by so many twitter influencer, the so called KOLs are shilling some coin and dumping it the next day, these kind of behavior aren't good for crypto because it will make people think that crypto as a whole is full of scammers. so what OP described is already happening somewhere else and already got so many people falling victims.
You call this as new idea? Pffrt this is very old and the right term is pump and dump groups.
They have existed all over social media for very long time and I wondered why you never came across any of these that you made to think that you cam up with first.
Theoretically, it will work but do you trust everyone in the group will go with one decision? To me, even if there is a slight chance of making profits, people will bail out and let the remaining to hang dry.
They have existed all over social media for very long time and I wondered why you never came across any of these that you made to think that you cam up with first.
Theoretically, it will work but do you trust everyone in the group will go with one decision? To me, even if there is a slight chance of making profits, people will bail out and let the remaining to hang dry.
That's not a good strategy but a very good plan to deceive the innocent investors who might buy a coin only because they think that others are buying and holding it and there can be good potential in such a coin. The only ones who make money in such coins are the early investors or you can say the deceivers.
Instead of focusing on predicting the market, what if we could actually influence it together?
You sounds like new to crypto. The groups are doing it from decades. If you are the group then you are going to make money but if you think you are going to follow a group then you are going to lose everything. Potato Chips already gave you the term for it. Stay away from pump and dump schemes. 
You mean a deceptive scheme called pump and dump? lol. it's an old scam, op.
I'm not 100% sure if you're just shilling your "own" group or you're actually one of the gullible victims but if you are, hold your horses. Because you're likely to be burned as the owners bags are probably filled up even before the signal goes out and will dump them when the victims buy their share which will significantly drop the price.
Yeah, pretty much this sums it up, it's what we call pump and dump scheme.I'm not 100% sure if you're just shilling your "own" group or you're actually one of the gullible victims but if you are, hold your horses. Because you're likely to be burned as the owners bags are probably filled up even before the signal goes out and will dump them when the victims buy their share which will significantly drop the price.
And there are many groups of this nature, they have admin on top of it and then a lot of members below. The admin of the group is going to choose which coin to pump and then members are going to buy it and make it artificial as price is skyrocketing.
Then the admin is going to say when to sell to dump and make them profits, just like that. But sometimes members might be too late to sell and so some of them might get trap and lose money in the end, so that's basically the scam there.
I personally believe that it is going to be a tough situation to be in, and we are going to see this changing big time, don't be worried about it and you should be fine. I know that it is taking some time, but we are going to see this be okay, it is not going to be all that much of an issue. Although, the idea of a big increase in bitcoin is similar, something happens that hypes us, and we all start to buy and because of that its quite fine for us, we finish up with no problems at all.
You mean a deceptive scheme called pump and dump? lol. it's an old scam, op.
I'm not 100% sure if you're just shilling your "own" group or you're actually one of the gullible victims but if you are, hold your horses. Because you're likely to be burned as the owners bags are probably filled up even before the signal goes out and will dump them when the victims buy their share which will significantly drop the price.
I'm not 100% sure if you're just shilling your "own" group or you're actually one of the gullible victims but if you are, hold your horses. Because you're likely to be burned as the owners bags are probably filled up even before the signal goes out and will dump them when the victims buy their share which will significantly drop the price.
Yeah, pretty much this sums it up, it's what we call pump and dump scheme.
And there are many groups of this nature, they have admin on top of it and then a lot of members below. The admin of the group is going to choose which coin to pump and then members are going to buy it and make it artificial as price is skyrocketing.
Then the admin is going to say when to sell to dump and make them profits, just like that. But sometimes members might be too late to sell and so some of them might get trap and lose money in the end, so that's basically the scam there.
hero member
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Already, such an idea is being practiced for most shitcoins; that's why you see them pumping suddenly and also dumps suddenly. Last week, my friend showed me a token that he earned from an airdrop; he sold his total holding for almost $40, and within just twenty minutes, the token dumped so badly that the volume he sold for $40 was now worth $10+.
So, it is only possible to form such a deceptive market trend for only most shitcoins, but you can't do that for Bitcoin and some other solid altcoin project. Those high-value coins usually follow a natural trend, apart from the fact that whales (huge buy/sell) can sometimes influence the market. There are billions of crypto investors scattered all around the world, and therefore it will be difficult to implement such an idea on those high-value coins.
So, it is only possible to form such a deceptive market trend for only most shitcoins, but you can't do that for Bitcoin and some other solid altcoin project. Those high-value coins usually follow a natural trend, apart from the fact that whales (huge buy/sell) can sometimes influence the market. There are billions of crypto investors scattered all around the world, and therefore it will be difficult to implement such an idea on those high-value coins.
Such strategies are usually used by new projects by creating fomo related to their tokens. It can work together with certain crypto communities that have many followers. Create events for community members to attract more people to be interested in buying and owning tokens that may have been traded but only in a small volume. Such efforts can be made but will still require most people with a lot of money to spend. Moreover, the efforts made are related to the price of tokens that are already popular. This method might work if you are someone who has many followers and is also influential.
Op, I don't think you will join or even create such a trading group by attracting newbie traders who might be interested in short term profits. many people know such a system will be more detrimental to those who follow and will be profitable for those whales. or do you want to be the whale? be careful not to get trapped.
Op, I don't think you will join or even create such a trading group by attracting newbie traders who might be interested in short term profits. many people know such a system will be more detrimental to those who follow and will be profitable for those whales. or do you want to be the whale? be careful not to get trapped.
I’ve been thinking a lot about how unpredictable the crypto market is. We all know trying to accurately predict the ups and downs of a coin is near impossible—there are just too many factors. But recently, I came across a strategy that got me thinking about things a bit differently. Instead of focusing on predicting the market, what if we could actually influence it together? I stumbled upon this concept where a group of people work collectively to create demand for a coin. The idea is that if enough of us buy a specific coin at the same time and set our sell prices slightly higher, the market reacts to that demand, and the price gradually moves up. The catch is, this only works if enough people are involved. There’s a group I joined that’s currently building up numbers to try this out. The plan is to get a solid group together before we start, so the strategy can actually work. I’m curious to see how it plays out, especially since they’re sharing some pretty interesting examples of when this kind of collective action has worked in the past. Have any of you heard of this approach before? Or know of similar strategies? If you’re interested, I can share the link to the channel where this is being organized.
"A group of people" can only influence the price of a shitcoin with several thousand USD worth of daily trading volume. This is called "pump and dump" scheme like one forum member before me has already mentioned.
If you are talking about groups of people influencing the prices of BTC or Ethereum, then those "groups of people" should be full of millionaires and billionaires a.k.a "crypto whales". Did you join a group of crypto whales? Probably not.
I remember a subreddit called "Wall street bets" (if I remember the name correctly), where small investors gather and try to influence the prices of penny stocks or whatever. Maybe you should check it out.
It's called market manipulation and you're literally dumping on the innocent,
the whales usually did exactly this to the vulnerable altcoin with small market cap since they can't do the exact same thing to BTC because it would cost them a fortune.
and yes it could influence the crypto market, the idea of meme coin rising so high exactly because collective action, but it'll be detrimental later on because everyone want to exit eventually.
and as someone above me stated, it's pump and dump scheme and I couldn't agree more that it's just old scam method.
the whales usually did exactly this to the vulnerable altcoin with small market cap since they can't do the exact same thing to BTC because it would cost them a fortune.
and yes it could influence the crypto market, the idea of meme coin rising so high exactly because collective action, but it'll be detrimental later on because everyone want to exit eventually.
and as someone above me stated, it's pump and dump scheme and I couldn't agree more that it's just old scam method.
You mean a deceptive scheme called pump and dump? lol. it's an old scam, op.
I'm not 100% sure if you're just shilling your "own" group or you're actually one of the gullible victims but if you are, hold your horses. Because you're likely to be burned as the owners bags are probably filled up even before the signal goes out and will dump them when the victims buy their share which will significantly drop the price.
I'm not 100% sure if you're just shilling your "own" group or you're actually one of the gullible victims but if you are, hold your horses. Because you're likely to be burned as the owners bags are probably filled up even before the signal goes out and will dump them when the victims buy their share which will significantly drop the price.
I’ve been thinking a lot about how unpredictable the crypto market is. We all know trying to accurately predict the ups and downs of a coin is near impossible—there are just too many factors. But recently, I came across a strategy that got me thinking about things a bit differently. Instead of focusing on predicting the market, what if we could actually influence it together? I stumbled upon this concept where a group of people work collectively to create demand for a coin. The idea is that if enough of us buy a specific coin at the same time and set our sell prices slightly higher, the market reacts to that demand, and the price gradually moves up. The catch is, this only works if enough people are involved. There’s a group I joined that’s currently building up numbers to try this out. The plan is to get a solid group together before we start, so the strategy can actually work. I’m curious to see how it plays out, especially since they’re sharing some pretty interesting examples of when this kind of collective action has worked in the past. Have any of you heard of this approach before? Or know of similar strategies? If you’re interested, I can share the link to the channel where this is being organized.
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