How pump and dump group are damaging reputation of crypto-currency? - page 3.

AngelSky

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Quote from: showbiz111 on April 19, 2018, 05:25:49 AM

I once hold a coin and suddenly the coin that is almost $1 dump to less than $0.01 to me I move on but to some people which are newbies this can discourage them from participating in crytocurrency and make them conclude it is fraud and that brought me to a question how do you think pump and dump group are damaging crypto-currency and it's reputation??

Most of the bump and dump group give the signals on some exchanges via their twitter or telegram channels usually. They cannot hold the dump or pump for more than 1 hour. As I checked one person this is the maximum time they can rule the price.
Do you want to find the bitcoin grow in the market means these group will not be a helpful one as I know.
They can only rule with the cheap tokens and cheap coins only.

laredo7mm

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Quote from: showbiz111 on April 19, 2018, 05:25:49 AM

I once hold a coin and suddenly the coin that is almost $1 dump to less than $0.01 to me I move on but to some people which are newbies this can discourage them from participating in crytocurrency and make them conclude it is fraud and that brought me to a question how do you think pump and dump group are damaging crypto-currency and it's reputation??

If you quit cryptocurrencies because of that, then you are not mature enough for this business and it's better that you stay away. You should learn something from such situation and study the coin before you invest in it. If the price is raising without reason and coin is overrated, than you can know that it's just a pump and dump and you need to be aware of risk. If you're buying some shitcoin just because it's growing than you will soon regret it and it's completely your fault, not fault of pump and dump group.

Red-Apple

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Quote from: showbiz111 on April 19, 2018, 05:25:49 AM

I once hold a coin and suddenly the coin that is almost $1 dump to less than $0.01 to me I move on

maybe you need to rethink your view of the altcoins then. some thing that can easily lose 99% of its value is not something that is worth even existing let alone being used or traded!

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but to some people which are newbies this can discourage them from participating in crytocurrency and make them conclude it is fraud

i wouldn't call it fraud but the word "shitcoin" comes to mind. i mean 99% drop is unbelievable! and it happens every day. and people with half a brain wouldn't just be discourage, they will instead go back to things that matter meaning back to bitcoin.

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to me I move on and that brought me to a question how do you think pump and dump group are damaging crypto-currency and it's reputation??

these groups are also people. but people who are taking advantage of this situation with altcoins. and others don't mind it either because the only thing that everyone in altcoin market cares about is profit and nothing else.

JuniAiko

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DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh

Actually, pump and dump groups are illegal in other more regulated markets outside of the crypto sphere. Hopefully in time, it will become illegal within the crypto-market too, and anyone participating in pump and dump groups will be treated as criminals and be locked up.

asriloni

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Leading Crypto Sports Betting & Casino Platform

Quote from: showbiz111 on April 19, 2018, 05:25:49 AM

I once hold a coin and suddenly the coin that is almost $1 dump to less than $0.01 to me I move on but to some people which are newbies this can discourage them from participating in crytocurrency and make them conclude it is fraud and that brought me to a question how do you think pump and dump group are damaging crypto-currency and it's reputation??

Because they are controlling and manipulating the market. They can do whatever they want with the market because they have a lot of funds to manipulated the market.
Some people arguing about that they are luring newcomers to FOMO the coin and they bought at high price and then the pump group was dumping it again.

housebtc

sr. member

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Pump and dump groups are always in any market, the reason why their effect is always significant in the space is that the market is still thin when we compare the trading volume in the space to traditional market. I still believe there will be a time when the market has grown and matured that 1% price movement will be seen has a huge price movement

showbiz111

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I once hold a coin and suddenly the coin that is almost $1 dump to less than $0.01 to me I move on but to some people which are newbies this can discourage them from participating in crytocurrency and make them conclude it is fraud and that brought me to a question how do you think pump and dump group are damaging crypto-currency and it's reputation??

Topic: How pump and dump group are damaging reputation of crypto-currency? - page 3. (Read 380 times)