Fake binance pump? | Bitcointalksearch.org

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: o_e_l_e_o on July 05, 2018, 02:57:15 AM

By the time you see a coin pumping, it is already too late to buy. You won't have time to sell before it dumps and you are left bag holding.

The only people who benefit from a pump and dump are the one or two top scammers.

That's why sell only according to your desired price and not just too high so you can still earn something from your investment or else you can put a sell order list but it will take longer before you get that desired price. At least you aren't losing in that way, but i only did it only if i plan to sell my long-term invested coins.

t3ChNo

sr. member

Activity: 714

Merit: 252

Even if you like to join the pump, it's always too late. Can't beat the bots.

minivan

full member

Activity: 263

Merit: 100

I think that the real question is how to recognize that the pump is going to happen and get in early. Noone has been twitting about the SYS pump anyway.

Roukawa

member

Activity: 546

Merit: 10

Quote from: crypto360 on July 05, 2018, 02:24:10 AM

Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?

I think it is good also to go along the pump specially if you know already the movement of the coin. However, it has a great potential to loss a lot if there is manipulation in the market. The risk is always there and there arr always loss in the pump and dump of a certain coin.

Anyway, I think Binance is like just Yobit where pump and dump always happen. And I don't know if it is a fake pumps or not.

crazy_elky

newbie

Activity: 70

Merit: 0

I heard binance have reverted all sys trading after the latest pump. It's crazy...
Pump is great if you have enough coins that is being pumped. You can dump and make profit. But you shouldn't use binance for that because they can easily revert trades...

wantjokull

sr. member

Activity: 700

Merit: 275

That sucks man. We should never focus on such crypto projects which gets regularly pumped and dumped because that can lead us to failure most of the time. I have seen many people going for the artificial pumps but most of the time not every person in the group keeps his trade open until the end of the pump and thus the order gets misfired and people loose money over it. I guess there is no reason you should be taking part in such projects or in such fake pumps. Well they are not fake, off course they are real only but the only thing is its unnecessary pump. It happens over many exchanger to be precise, not just binance.

crptotrader007

full member

Activity: 292

Merit: 100

Quote from: crypto360 on July 05, 2018, 02:24:10 AM

Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?

One should not take part is these types of pumps as Small Coins like sys can be easily pumped and dumped and that creates panic situation in investor's mind.
This is the second time that due to binance internal trade issue phished Binance users and due to this system down, and halted trading.
Soo trading in this type of situation is not ideal.

hungsanh2512

full member

Activity: 437

Merit: 100

Why a big site like binance is so fake ? 96btc / 1sys, it has a hole in the password.
Please improve your security and ensure that you will not happen again.

Adrin

member

Activity: 294

Merit: 10

If you follow cryptocurrency Pump signal so sometimes you can get a fake signal because to money Telegram group give you fake signal. In a couple of days ago I follow Telegram signal and there are too many people join on this group those people are pump coin but that was not fake. I got some signal in Telegram group that was cryptopia pump signal.

Fantastickarl

newbie

Activity: 140

Merit: 0

Its best to avoid any fake binance pump as this can make you lose a lot of money in the market. Anytime you see such fake pump, its best to steer clear off it as it could make you lose money if you join the pump.

Semosuchi Tesongrato

member

Activity: 546

Merit: 33

Rasputin Party Mansion

We are moving into a new and unregulated market, so it is inevitable that what happens is difficult to predict.
And in a market with low volumes, it is easy for those with large amounts of coins to move the price at will

Rubick99

member

Activity: 484

Merit: 11

I suggest you to disapear from pumping an altcoin, that will be a trap for you. Before they tell participants what coin that will be pumped, they already bought that coin, and then make you buy on their sell price.

joinfree

sr. member

Activity: 1274

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

It was not a "fake pump" there was a hack, and everybody was buying syscoin because of that, well, at least, the hackers hacked the wallets and they started to buy syscoin, that is what i heard about that, i am not sure at 100% if it is true or not

Dimon8

jr. member

Activity: 420

Merit: 1

I'm really looking forward to pamp or mini pamp. Mini pamp occur several times a year, I can scalp on mini pamp and make good money on it.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: crypto360 on July 05, 2018, 02:24:10 AM

Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?

When you are still able to caught that pump in early phase on where it do still tends to increase where you can still able to risk if you would decide to get in or not because most of the time traders would find out a certain pump when its already too late and thats the reality. Even myself do always misses out those kind of opportunity to make money or utilize profits out of those movements.
Fake pumps and dumps are just normal to this market yet this has always an involvement with manipulation.

Joyawan13

full member

Activity: 910

Merit: 100

elysian.finance

Quote from: Aveatrex on July 13, 2018, 01:14:12 PM

Quote from: crypto360 on July 05, 2018, 02:24:10 AM

Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?

Most of pumps you see in binance are leaded by some Pump and Dump groups,these are very risky if you get involved in the trade and you didn't sell in the right time (Greediness,or lack of skills).Therefore I don't recommend participating in those,I'm highly convinced that the owners buy a large amount of the coins before they get pumped and then dump them on members.

Aveatrex

sr. member

Activity: 840

Merit: 375

Quote from: crypto360 on July 05, 2018, 02:24:10 AM

Every other time we see a coin get pumped badly on binance, recently being the case of sys coin. My question is, Should we take part in such pumps ? How much risks it involves? How long should we hold that coin?

Most of pumps you see in binance are leaded by some Pump and Dump groups,these are very risky if you get involved in the trade and you didn't sell in the right time (Greediness,or lack of skills).Therefore I don't recommend participating in those,I'm highly convinced that the owners buy a large amount of the coins before they get pumped and then dump them on members.

Brunus

member

Activity: 585

Merit: 33

Rasputin Party Mansion

Anything is "fake" in this world, not only in cryptocurrencies.
Sometimes, we can guess some "if...then" relationship, and may be we can take winning decisions.
Difficult, btw.

Andrej Peiboski

member

Activity: 350

Merit: 12

Participating in a pump can make you earn a lot of money if you are very lucky and have confidential information.
But if you stick to the blinds, it's like playing at the casino, so you'll probably lose money.

rumexx

full member

Activity: 476

Merit: 100

From my experience of this kind of pumping of coin is that if you are holding such coin sell off once you are in profit. If you are not holding the coin and want to buy then buy and sell of with minimal profit. Never assume that the pumping will continue because you did not started the pumping neither do you have an inside information about it.

Topic: Fake binance pump? (Read 529 times)