Topic: How can we stop the “Pump and dump” campaigns? (Read 519 times)

Do you mean all these peculiar Telegram and Twitter bunches that say the general population one coin will moon inside seconds... Or on the other hand do you mean the entire crypto advertise on the grounds that about each outline gets pumped and dumped.. We have to state the general population that they need to begin holding all the stuff man!

Yes, please quit cryto, and you will never see it again. ) Crypto live cause dump and pump, not only you

Do you mean all these strange Telegram and Twitter groups that say the people one coin will moon within seconds... Or do you mean the whole crypto market because nearly every chart gets pumped and dumped.. We need to say the people that they have to start holding all the stuff man!

They are doing pump and dump with their own funds and we can't accuse them all about that. It looks like this will be gonna to run anytime. This is just like another ponzi organization which created a scheme to earn more and more money. this is blockchain and any funds will be covered  by algorithm.

I think we cant stop that, like it or not but they can make some trade volume on this market so somehow they are important thing to make this market grow. Im not fans of the pump & dump system, for me they just like destroy some trading system by manipulating sell & buy order. Because of that the reputation of cryptocurrency can be bad.

At present, the government is out and if someone knows the information about the pump and dump groups and reports to them. He will receive some money. However, the search is very difficult, because learning is always hidden.

I do not know how we can stop the pump and dump pumps because I know now that many pumps are wasting many of the projects that are still running because nowadays a lot of people are joking with this because I also have experienced when the project is still running suddenly stopped and with so many people who can not control the trading platform

I think most projects happened to be on that situation, at first it will pump and dump after. All things happened because of some investors being bullish and want to exchange it right away after calculating their profit, I think the project should be responsible on the situation, it also takes time, maybe it will pump soon.

The market should self-regulate, and there should be penalties for these scams. This is textbook market manipulation.

difficult because this has become a tradition, when the price goes up then everyone will sell, and it is not possible to buy right? and when the price falls, what happens is the opposite.

thatvis whybpeeolel should get a ,ot of infprmmation about it aj dthet shoyld know how to point it out and how to bahave

thisnis a hard qurstion, but i do ot know how to answer it,  do not believe that our law systen can fight qith such oroblems

i think tht first of all, peole should be explained what it is and what id rhw danger thatvthey might face, so let sapeak about it

this is a good question, well, i thonk the firtpst step should be the spreading od tne information, sonpeplle will be warned

It is just another way to make fools of the investors, they are also behind the price manipulation of a coin or a tokens. It is basically most found in an exchanges especially to a good coin. My suggestion, is that the exchange must limit the trading amount in order to fully control the market flow of the prices. It is better that way to avoid price manipulation of a coin, and making good investors gain profit, not loss.

Theres no need for any protection as most of the followers joined voluntary and wish to make some quick buck, im referring to those pump and dump groups, on a bigger scale that moves hundreds of millions, there aint much choice other than being part of them to make money, you could be faster than a pumpers which already had its own sellers setted up

I don't see any way to stop this pump and dump scheme considering that we are here in crypto which is a decentralized world. I hate to admit it but we are here to learn and earn something as well so whatever ways possible to earn, they will do. I have encountered many pump and dump group, i started to think that maybe this is a very profitable scheme because if not they should have stopped long time ago.

As i believe what are you pointing here is the manipulation thats happening

Well for me i think what we can do is continue protecting the crypto interest by not letting them to totally manipulate our community,lets always keep our trust in our coins never be affected by those negativity,and hold our coins and never sell as long as not emergency

We cannot stop the pump at dump situation because it is part of the circulations of all the altcoins in the market,volatility of each price gives us opportunity and idea of what we should do to win every investment we make.

Agree with you boss, i don't think that this thing would need to be stopped because this is what is crypto is for and with this pump and dump scheme it makes cryptocurrency more interesting.

Low volume projects are those who can easily being pumped and dumped, better to research well before investing, we can't do anything aside from never to sell into panic when you believe that the coin that you are holding is for real, and have a good futrue goals, developers are have the important roles to avoid pumped and dumped project.

Pump and dump happens every now and then with the smaller alts and tokens. When the market cap of Bitcoin was low, it used to happen with Bitcoin as well. I don't think that it is something harmful that needs to be stopped.

Liquidity.

It is hard to stop that pump and dump campaign because here in crypto we don't have control over people's mind. All they want is to gain profit even if it is the lose of others. The best thing that you can do is stay away from those groups but monitor as well their movements if you know one.

We can't stop pump-and-dump. This is just how the market works.
Now BTC/USD trading become more similar to forex and stops raids and fake moves are just another evolution of PnD schemes.

I dont think anyone can stop a pump and dump campaign because for as long as there is still an ICO, people will still create the pump and dump group. That’s somehow how their coins are increasing and decreasing when it will be live and listedon some exchanges.

I think OP was talking about how in some campaigns, a pump and dump occurs after the an ICO is completed. The price of a token is extremely pumped because of whales who bought a significant amount of the tokens. Once the token is listed in the exchanges, it would then be dumped so that profits may be acquired. Not sure how it can be avoided since some ICOs have the intention of creating such projects for this very purpose. Strict regulations may be implemented but it no one can enforce that.

No one can't stop this although it's normal when the price get dump or pump, it might be dangerous if some people have control over the price or they usually called as whales. This is not a secret anymore when people making a pump-dump group on telegram and inviting people to join them, please be carefull since there are so many scams out there usually they require new member to pay some amount before join the team, just a friendly advice.

we can't stop the dump. Because people don't care about technology or supporting it. Are you in crypto to help this guys contribute to our future with their technology? or are you in because you can make profit of it???

If you care about technology and you believe in a coin, you don't sell it. Reality is, almost 80% of the people who invest in crypto want money as soon as possible. So, when the market goes down, the sell fast to lose as little as possible.

Also, we cannot create a PUMP. Many people say that by holding, you can keep the price of the market up, and force investors to buy at current prices. Reality is a big whale can outperform all of us in this forum by a lot. a huge lot.

crypto is a very centralized market, talking about value, because whales are in charge of pushing or dropping prices. The only reason why the market went so far last year, was due to manipulation of 4 of the biggest exchanges creating a demand in coins that was not real. THAT'S WHY THE MARKET WILL NEVER RECOVER FROM THAT POINT.

IN CASE OF ETH is worst because once PoS is implemented, the value will drop dramatically since you will not be able to enter PoS if you have less than 10 ETH at least. so you will be forced to sell cheap, moment when whales will buy those coins from you.

To sum up. The cannot do anything but to see our coins go lower and lower.

you want an advice? be prepared to LOSE IT ALL.

The market is still new and makes the caps is not like other trading which has cap more in trillion dollars. So the cap of crypto is around 250M dollars so far and it was decreasing since last year was about 800M. If the marke cap increase and also the volume, trader community will not easy to pump and dump crypto.

As far as I know the stock exchanges have long been fighting with such campaigns. The truth is I do not know how they brace them by brazm. I, too, once participated in this way, so quickly I never lost my money

In the virtual money market you have to make huge investments for 'pump and dump'. The amount of money you invest in must be enough to direct the market. Small investors can not manage 'pump and dump' on the market.

Where in the world that has Pump and dump campaign?is that an ico?lol 😂😂😂

Next time you will be making some thread make sure that it will be understandable and will be coped by readers..

But if your pointing to those whales that manipulating this market buy doing some pump and dumo ,well i think we cant do anything about that because they have the power to do that

for me we can stop it by checking thoroughly the campaign we are joing in, if it really is a good coins or not, and if its not then we should not be joining this campaigns and look for good campaigns to support.

What is the meaning of pump and dump? Does that mean the coin is going to pump for a while and you should dump because it will never pump again?

Pump and dump are the natural life of cryptocurrency business, so we need to adopt on that situation, in order to make our life brighter in cryptocurrency business, all we need to do are follows on what rules that contributes good things to all crypto enthusiasts like us.

I don't think it is unstoppable unless many people learn and understand the crypto space which i think it is impossible to so pump and dump is not not stoppable it is something we just have to deal with and that's it.

This may go against everything most people want within this space but I think some regulatory oversight is the only thing that can bring an end to these types of schemes. I think SRO's can only do so much, the enforcing of the law is the only real action that can deter potential "pump and dumpers"

It's something you don't have control over it, if you understand crypto space very well, you will see that every one control their fund through private keys and since they control their private keys, they can do anything they want with it, so you can't really stop pump and dump in the community.

I think it's important to release the right information in time.
Because people lack access to the latest information.

I think we can not control people when they want dumping their coin/token. They must be considering many aspect before some one dumping their coin maybe because they just need cash for their purpose. I think its hard to control market behaviour
I am believe if we want to stop dump and pump, its begin on our self

Reality is you cannot do much about it. I was reading the post of a project owner in an ANN thread how he mentioned that some big whales captured most of their coins in initial launch. So even the people owning the projects could not do anything about this.

However, you can keep yourself away from such projects. You can do so by investing only in top 5 or top 10 coins based on market cap. You can find such lists on sites like coinmarketcap.

Are you really asking for government regulation? Have you understood even a single word of the concept of decentralisation? Have you heard about a man called Satoshi?

You'd better keep to your regulated fiat money. That'll make the world a better place.

The best method is to not participate in those pump and dump campaigns. But theres no way you can stop that. There are thousands of people in those pump and dump groups, and they are all greedy. They want to make fast money, and thats why they will never stop to pump and dump. The only way is to stopp them is when you are a whale and when tey want to pump you have to sell so many coins that it cant be happen. But who would do this?

Do you mean all these strange Telegram and Twitter groups that say the people one coin will moon within seconds... Or do you mean the whole crypto market because nearly every chart gets pumped and dumped.. We need to say the people that they have to start holding all the stuff man!

As crypto trading is large unregulated these pump and dump groups are not illegal and will therefore continue to operate. The only way to stop it is to encourage people not to join in. It's just a short term ponzi scheme with the newbies or late traders making serious losses.

Honestly cryptocurrency is still in its infancy, so "pump and dumps" are definitely going to make up a strong part of the ecosystem, until the market/industry naturally normalizes. However, if there's one which can be done, it is dedicated due diligence of projects. I say this because, it would appear that there is a strong correlation to scam/un-serious projects and pump and dumps. So now if the community can be educated such projects, then it would be avoided, or reduced to a certain degree. But this would take serious dedication from someone maybe here on this forum, and if it beneficial to the forum, it is one way to earn "hardwork-valued" merit.

Yes, It is also one the other major problems in the cryptocurrency and ICOs environment. Have you ever invested in an ICO?  

The dubious protection what do the people themselves. If I understand correctly, you're talking about speculation. There is nothing to be done, it involves thousands of people who for money, provide an opinion on their own behalf.

The best defense is only qualified market participants who know the rules of the game and do not run to sell at a loss, and buy at the peak of value. While the market is flooded with newcomers, whose desire to own cryptocurrency outweighs the desire to understand at least a little market principles, tools such as pump and dump will remain a powerful lever of influence on this market.

Well, the problem is that sometimes, the cake is too big and there are too many greedy people around it. We are confident that pumps and dumps will be a controlled issue. Do you agree?

Yes it is annoying, but we must accept this, because now it can not be otherwise. You just need to get distracted and wait, if you're not a trader

  That is a good way to differentiate between the two audiences targetted by these campaigns. There will always be losers and winners, but newbies need to be educated and trained. How do you think newbies can protect themselves?

As time passed by and when we already experienced how it felt like, then waiting will never be a problem.  but it is only applicable to coins that have a worthy value or project. once they were developed it will be a multiple profits.

Why join them, you know what's going to be the fate of those campaigns/bounties?

Most of the ICOs now are just playing with their bounties and the project as well. OP means the pump and dump of those campaigns that after the distribution of their tokens, they will just dump those tokens easily. Well this can't be easily gone, when ICOs popularity is starting to decrease they'll be gone eventually.

Do you mean Pump and Dump group?
It's difficult to protect the community from pump and dump group, because most traders love pump
All we can do is warn them to don't join their group because it is very risk, they can experience a loss in an instant

That will be very difficult if not impossible to do because you can't tell people what to do with there money and it is also tricky to actually identify a P&D campaign.
The only thing that can be done is not to participate in anyone you know.

That's because people expect ICOs to be fully ready and developed in 3 days. Whereas in reality a good project with good foundations won't be ready even after 3 years.

3 years is a hell of a long time to wait for a Lambo, you know...

What about p/d campaign with upcoming ICO? While ICO is ongoing all news about "how excellent and advance this project". But after sales and especially after market pumps much projects go to full silence. This is the main problem as I see

  It is certainly a big issue that needs more attention and requires elaboration. The first step to conduct is to educate everyone about how to determine a FOMO campaign and how not follow it, just to prevent big-time losses.  At the end of the day, everyone is responsible for their actions.

If you cant beat them join them... sometimes I managed to surf with the tides

You can't and I don't see why you should in a free market?? Unless you actually secretly prefer a little government involvement. Which means you are not pro-decentralization.

Just stay out of it and you'll be okay.

People will certainly continue trading no matter what are the circumstances, but It is believed that these campaigns can be stopped by Using AI tools that will automatically recognize the Pump.

Cryptoworld is a decentralised pleace, so there's no way to control it, but the pumps and dumps are the tools of the market and speculators, so the biggest impact it has media. if there is a great desire to influence the pumps,it is necessary to conduct a large-scale information policy, to have a large audience,which can be influenced. Or you can get all issue of coins and take 100% control of it.

What I mean about stopping the Pump and Dumb campaigns is to hinder the  Pump and Dump participants flooding hundreds of messages into the public chat rooms on command expecting to influence fellow traders to buy or sell a certain asset. have you ever experienced any of these campaigns?

V I guess you're right, but saying that it is impossible will never solve the problem. The crypto space and all the relevant parties need to collaborate to solve the problems we are currently witnessing, including the "pump and dump" campaigns. Do you really think that it is impossible?

Spreading awareness is probably the priority, and crypto exchanges should start educating the community more about how to quickly identify these campaigns and not to hold a FOMO. How do you think the crypto communities should collaborate to turn the pump and dump campaigns to their advantage?

Did you mean P&D groups? should spread awareness to your friends that it is not good to join those people to pump and dump a certain coin in a coordinated attack just to earn and manipulate, let the crypto market price flow naturally, the main benefactors from this scheme is the main leaders of a specific P&D group some of them might even require you to pay before joining them.

I can't see any best method to stop this system. When it comes to money making people can always find a way to make it successful whether it is illegal or not. So pump and dump is hard to prevent specially when the participants or owner is one of the big whales.

I agree with you
but I do not really understand what the OP is talking about. what's more about pump dump. probably what the OP meant for the campaign participants

Just don't be a fool. If you are fool, pay for it. It's bad expirience for newbie, but it's expirience.

I believe the best thing we can do is not to become part of those crappy campaigns , We are matured enough to know that those kind of tricks will not help us or help others , let the price of the coin be decided by its impact to the crypto community and not by some crappy groups of people.

actually its hard when we talk about community. As we know that there are various of people in the community.

there are pros and cons with this, and the most problematic is that there are pitted both of them, even they will flaming. I think in the community, there must be really rules that prohibit PnD campaign.
once the breaking rules, kick them.

You should start with yourself. Do not participate in pump and dump and if you know someone participating in it then advise them to avoid it because they will just lose in the long run. There are some who opt to create their own channel and recruit new members to join their channel because they know that they will end up losing if they were just a member. They have to be the admin to actually profit from this scheme.

It would be better if we trade on our own and not depend on someone to trade. More often than not when someone advise you to buy something then they probably just want to pump their coin. Besides that, people will only realize their mistake in joining pump and dump groups when they are burn.

Well nothing to do about that pump and dump companies or group... they have paid by other companies or project too... it's all about money dude or crypto-world. Just go with the flow... and still they are anonymous... and no one cares about what they do because we and they cannot be defeated or stop...and as long as they have clients or customer... they will never be dissappeared.

Education on how to spot them for a start.  Part of the problem is that there are organized groups out there with the means to influence coin prices.  Best thing to counter this is education and to drill it into peoples heads that they need to research what they want to invest in.

I believe that you means Pump and dump groups not campaigns . You really can not do anything to stop it , But you can do a lot of things t avoid the pump and dump coins/tokens , It is really easy to stop . And by avoiding them , Pump and dump groups will die slowly because they will not find victims to feed on . If they pump a coins and most users succeeded into avoiding it then they will find no money to collect and then by default they will die slowly .

Warn users for the consequences of these campaigns and the staff should actually remove these type of campaigns from the forums. Also we should not give to much attention about this topic, it could make people curious to these kind of campaigns and potentially join because of the urge to make easy money.

In that question, we cant stop or control when the price of any campaign will Pump or Dump. Users are the one who make what happen to the price. Fastiest selling is the lowest bid in market.

you can not because people love them!
of course there are two types of people who love them. one is the newbies who are newbie enough to join a pump group or join the pump itself and lose money. they love them based on an illusion and will soon start cursing them.
the others which are the bigger group are those who love them because they can jump on board and make a lot of money from each pump and laugh at bag holders. they won't want them to go away!

This question isn't general because almost all tokens are pumped and dumped depending on the kind of project. Tokens are pumped by different factors and also dumped by different factors. So there will always be rise and fall because that's how traders make their money daily, weekly, monthly and so on.

It will be good only if we analyze by ourselves such projects, I do not think that there ever will be something that can protect us from this fraud. I think it is impossible to take those pump and dump campaigns away.

Since pump and dumps are prohibited by law, regulation could make an end to these endless pump and dumps. I don’t think it will be something governments focus on first though, as they want to take part of the cake themselves first before focusing on anything else

There is no way to stop pump and dump campaigns because cryptocurrency market is an open market, people can buy as much as they can without any limits if they want to, and they can sell as many cryptocurrency they want.
This can not stop pump and dump from happening, even trading platforms disable those public chat box/room (or whatever you call that) there are still lots of ways to communicate with each other, there are lots of pump and dump groups on social media platforms, telling their members to buy a specific cryptocurrency to pump the price. About this circuit breaker, I don't think it is a good idea, it is like controlling the assets of people and what they can earn, by prohibiting them to buy and sell whenever they want.

You can't stop them. You could try to push them and maybe somehow lower the amount but they are going to exist in cryptocurrency trading, specially for lower caped coins. You can't restrict people from buying and selling and thus you can't stop these campaigns.

what do you mean by "Pump and Dump" campaign?
if it's about the way I think trading is very difficult to stop because the law of a trades that there is indeed a sell and buy. the more that buy automatically the situation will dump and if more and more who make a purchase it will happen pump

Pump and dump was happen by participating of "fomo" peoples. I mean if you aren't greedy, you'll not chase that "green candle", and that method can't effect to you. And stay away form any P&D channel

Those PUMP and DUMP groups are located in different part of the world and using different types of social media platform like messenger, telegram, discord, slack, etc., to communicate with its members so I might say that it will be impossible for these guys to stop them or even tracking them. The best methods for now is to avoid these P&D groups and it would be better if we just rely on ourselves by doing our own research when trading.

I guess the correct thing is about pump and dump group but it can't be avoided because basically the exchange sites are opened to the everyone. Remember it has been running in an illegal way and organized by some people behind that. The only a good thing to spread an awareness if pump and dump group just a kind of method to fool the members. 

Removing chatbots from trading platforms might be a good solution to stop the Pump and Dump participants flooding hundreds of messages into the public chat rooms on command expecting to influence fellow traders to buy or sell a certain asset, but this will cause constraints to many individuals in the crypto space.  there is one proposed solution called the circuit breaker, which puts a temporary hold on trading in case an asset’s price moves up or down significantly in a short period of time hence reducing the effectiveness of price manipulation actions. What do you think about this solution?

What do you mean by pump and dump most of the project still running based on speculation and News . Even being in traditional equity security trader it was common . Pumps and dumps happen for sure . we cant control in any trading platform . But in crypto space its bit more because its still new . We can restrict for some far by removing chat bot in trading platform.

What are the best methods of protecting the community from these campaigns?