Crypto Pump and Dump laws coming soon, or Pump em while you still can

Menawi12

member

Activity: 700

Merit: 10

Quote from: CryptoAlphaStar on June 08, 2019, 04:08:28 AM

If such laws are invented, it will be good for the industry. But it is so easy to circumvent them, that I have serious doubts, that they can be effective.
A lot of the pump and dump activity is hard to prove. Except for the most blatant and stupid schemes.

I dont regulation can touch pump and dump. Its about market mechanism or supply and demand. Pump and dump is about market manipulation and its hard to prove market manipulation or price manipulation. Regulation should touch the project itself, if the project are scam, the team should put in jail

defyance

full member

Activity: 700

Merit: 100

I think within 5 years crypto will be regulated, so now we have time for manipulative schemes like pump and dump.
I am not a whale, so I just lost money on this approach

CryptoAlphaStar

full member

Activity: 574

Merit: 101

If such laws are invented, it will be good for the industry. But it is so easy to circumvent them, that I have serious doubts, that they can be effective.
A lot of the pump and dump activity is hard to prove. Except for the most blatant and stupid schemes.

pritamm

newbie

Activity: 1

Merit: 0

is this the latest stats or youre sharing an old one??
WellKnownQuotes

JohnnyBTCSeed

hero member

Activity: 882

Merit: 1000

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

I have been saying the Laws are coming by *myself loudly going back years now as many of you should recall.
But.. I read your replies here so far guys and I gotta say I agree with most of you.
And you guys are talking about laws actually stopping Pump & Dump style fraud etc.
But wait !
Is that the point ?
Can we stop Murder ? Do we have laws for that ?
I think many of you missed the point..

And I agree with snail about decentralized exchanges we all know they are the future (we need) ..they should have been implemented already.
And I too agree, what is the SEC etc going to do about them ? Sounds like it would be hard for them to do much I think.

I wouldn't be against P&D antics etc but the problem is scamming deceitful douchebags took over the scene with that crap too early..
Think about it people the Stock Market around the world had time to mature etc before Penny stocks were being pushed like they were in the 90's etc.
We never let Altcoins get off the ground I think before it was swamped with dishonest scammy douches and their shenanigans.. see what I am saying ?
So it's not like I have thought I am 100% against pump & dumpers it's just a bad time and too many of them (too early)

JohnnyBTCSeed

hero member

Activity: 882

Merit: 1000

Quote from: JohnnyBTCSeed on May 21, 2015, 10:50:17 AM

http://www.cnbc.com/id/100784596

"the return of 'pump and dump' spam campaigns."

Those campaigns are designed to quickly focus investor attention on an obscure, thinly traded stock to create a sharp run-up in value. Typically, those scammers will buy the stock before sending the spam and then sell after the price pops, pocketing a quick profit.

And part of what's driving this surge in spam is scammers targeting people who are frustrated that they've missed out on the gains from the recent surging bull market. McAfee said it has spotted an increasing number of spam emails targeting would-be investors "hoping to capitalize on all time equity market highs." Also contributing to the surge: growth hormone offerings and increasing spam campaigns in emerging markets.

https://www.spamstopshere.com/blog/spam-news/penny-stock-email-alert-rnbi-pump-and-dump-spam
a classic scheme to pump up the price of penny stocks, where shareholders of a very cheap stock try to inflate its price quickly through a massive email campaign. When the price jumps, they sell their shares at a huge profit and the stock price drops back to its normal value

How Pump and Dump Works

Here's how it works. One or more "investors" buy shares of a very cheap stock on a public exchange. Usually, the stock is worth less than a dollar (hence the term "penny stocks").

Those shareholders then mount a huge PR blitz with "news" that the stock price is about to soar. These days it is common for the campaign to be done through email, since it is easy to send it to many people. We call this type of campaign "spam" because it appears to be unsolicited bulk email.

The senders are counting on enough people to buy the stock, sending its price up, and then sell their shares at a huge profit. The price usually then plummets back to its normal trading levels, leaving others who bought it while rising holding the bag.

acquafredda

legendary

Activity: 1316

Merit: 1481

Talking about pump&dump

JSupreme

newbie

Activity: 24

Merit: 0

Quote from: JohnnyBTCSeed on May 19, 2015, 08:51:28 AM

Quote from: Bobsurplus on May 19, 2015, 02:49:17 AM

You cant get a better return for $100 bucks. I know this because I am part of the node network and you'll never get me to tweet about your coin or offer or service unless you went through the node network or paid me big bucks.

I have over 2200 all real crypto followers and normally if I tweet about a coin the price rises if its a positive tweet. Call it the bob affect.

Anyway.. The prices may seem a bit steep but to someone like me who's already paid bitcoinprbuzz or others similar to him thousands of $$ for marketing this is a great deal, which gives an advertiser lots more reach and targeted reach to be precise.

I'll end up using this service at some point or another for sure.

Good luck ViralDev and Adam, you guys rock.

from the pump n dump king.. Run don't walk from this one

that person is bum he is beg people buy his coin no pumper behave like this, this person have no friend to help him he is only by himself and he is just a poor person who has not even made 500 dollar this month, tell him to come here and show message on wallet with 200 btc he cannot do because he poor

JohnnyBTCSeed

hero member

Activity: 882

Merit: 1000

Quote from: Bobsurplus on May 19, 2015, 02:49:17 AM

You cant get a better return for $100 bucks. I know this because I am part of the node network and you'll never get me to tweet about your coin or offer or service unless you went through the node network or paid me big bucks.

I have over 2200 all real crypto followers and normally if I tweet about a coin the price rises if its a positive tweet. Call it the bob affect.

Anyway.. The prices may seem a bit steep but to someone like me who's already paid bitcoinprbuzz or others similar to him thousands of $$ for marketing this is a great deal, which gives an advertiser lots more reach and targeted reach to be precise.

I'll end up using this service at some point or another for sure.

Good luck ViralDev and Adam, you guys rock.

from the pump n dump king.. Run don't walk from this one

stonehedge

legendary

Activity: 1722

Merit: 1002

Decentralize Everything

Quote from: adhitthana on May 18, 2015, 11:03:18 PM

IMHO the main problem is people wanting to make a quick buck, not coin developers making false statements

Sometimes you get both working together.

adhitthana

legendary

Activity: 1190

Merit: 1000

IMHO the main problem is people wanting to make a quick buck, not coin developers making false statements

sdmathis

hero member

Activity: 546

Merit: 500

AKA The Rubber Monkey

Quote from: hcf27 on May 18, 2015, 07:55:55 AM

Quote from: sdmathis on May 17, 2015, 05:56:04 PM

Quote from: CryptoJerk on May 17, 2015, 05:14:20 PM

no one cares about this

this is a global thing and out of "the sec's" jurisdiction

its more of a thing for interpol

but even then it's like trying to find a needle in a haystack

everyone is using lbc wallets to tumble and scramble the fuck out of their transactions

this is money laundering on steroids

they dont stand a chance

i am against the pump and dump

but pumpers are gonna pump and dumpers are gonna dump

nothing can or will be done about this

this is the land of the PND

Perhaps you don't realize it, but most other countries have regulatory agencies similar to the SEC, so like it or not, P&Ders who live in most of the world will see that their days are numbered.

Bro, most countries cant even handle their own economy, let alone crypto! they have no idea what it is.

Pump and Dump wont stop because we are talking about a chinese guy in middle of nowhere with a computer.. they are not registered companies, it could be anyone, anywhere... what they could do is regulate exchanges but not much more than that

Bro, most P&Ds that we see are done by those in the US and Western Europe. Yes, the Chinese P&D too, but the ones that they are behind usually occur on Chinese exchanges that most of crypto have never heard of and don't affect the prices that we see.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: JohnnyBTCSeed on May 18, 2015, 09:56:35 AM

Jonathan LebedEdit
During the dot-com era, when stock-market fever was at its height and many people spent significant amounts of time on stock Internet message boards, a 15-year-old named Jonathan Lebed showed how easy it was to use the Internet to run a successful pump and dump. Lebed bought penny stocks and then promoted them on message boards, pointing at the price increase. When other investors bought the stock, Lebed sold his for a profit, leaving the other investors holding the bag. He came to the attention of the U.S. Securities and Exchange Commission (SEC), which filed a civil suit against him alleging security manipulation. Lebed settled the charges by paying a fraction of his total gains. He neither admitted nor denied wrongdoing, but promised not to manipulate securities in the future.[6]

Quote from: ltcifc on May 18, 2015, 05:57:01 AM

I have one thing to say: buy as much as you can. IFC will go much higher than now. Trust me.

Are you saying ltcifc is only 15 years old? Grin

JohnnyBTCSeed

hero member

Activity: 882

Merit: 1000

Jonathan LebedEdit
During the dot-com era, when stock-market fever was at its height and many people spent significant amounts of time on stock Internet message boards, a 15-year-old named Jonathan Lebed showed how easy it was to use the Internet to run a successful pump and dump. Lebed bought penny stocks and then promoted them on message boards, pointing at the price increase. When other investors bought the stock, Lebed sold his for a profit, leaving the other investors holding the bag. He came to the attention of the U.S. Securities and Exchange Commission (SEC), which filed a civil suit against him alleging security manipulation. Lebed settled the charges by paying a fraction of his total gains. He neither admitted nor denied wrongdoing, but promised not to manipulate securities in the future.[6]

Quote from: ltcifc on May 18, 2015, 05:57:01 AM

I have one thing to say: buy as much as you can. IFC will go much higher than now. Trust me.

AltCoinBuddah

member

Activity: 161

Merit: 10

It's wish full thinking to think P & D will go away. Roll Eyes

adhitthana

legendary

Activity: 1190

Merit: 1000

Quote from: JohnnyBTCSeed on May 17, 2015, 02:16:29 PM

So how long before crypto P&D is made illegal?

If it is fraud as you say then it probably is illegal. But do you any an example of a fraudulent or misleading statement?

hcf27

full member

Activity: 257

Merit: 100

Quote from: sdmathis on May 17, 2015, 05:56:04 PM

Quote from: CryptoJerk on May 17, 2015, 05:14:20 PM

no one cares about this

this is a global thing and out of "the sec's" jurisdiction

its more of a thing for interpol

but even then it's like trying to find a needle in a haystack

everyone is using lbc wallets to tumble and scramble the fuck out of their transactions

this is money laundering on steroids

they dont stand a chance

i am against the pump and dump

but pumpers are gonna pump and dumpers are gonna dump

nothing can or will be done about this

this is the land of the PND

Perhaps you don't realize it, but most other countries have regulatory agencies similar to the SEC, so like it or not, P&Ders who live in most of the world will see that their days are numbered.

Bro, most countries cant even handle their own economy, let alone crypto! they have no idea what it is.

Pump and Dump wont stop because we are talking about a chinese guy in middle of nowhere with a computer.. they are not registered companies, it could be anyone, anywhere... what they could do is regulate exchanges but not much more than that

sdmathis

hero member

Activity: 546

Merit: 500

AKA The Rubber Monkey

Quote from: tokeweed on May 18, 2015, 03:39:30 AM

That won't stop it. Penny stocks are overseen and regulated by the SEC but there are companies, yes real companies, that can be hired by a corporation to 'pump' its stock. I don't know how exactly it all happens but I guess they have lawyers and know how to navigate the legal waters. P&D is actually a lucrative money making 'business' if you can call it that.

If you think pump and dumps will go away because there are regulations, think again. It's been there since the time there were exchanges and markets. And it won't ever go away.

Because of the SEC, it doesn't happen nearly as much as it used to. It still happens though. They don't hire lawyers to navigate any legal waters though. They "entice" a market mover and hope not to get caught. In today's environment, it's a risky move.

Snail2

legendary

Activity: 1512

Merit: 1000

I'm just wondering what the SEC planning to do with decentralized exchanges :p? With decentralized and more or less anonymous exchanges those regulations going to be pretty much useless.

Topic: Crypto Pump and Dump laws coming soon, or Pump em while you still can (Read 1770 times)