Author

Topic: I think I found the perfect way to schedule a massive pump (Read 2078 times)

sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
LOL what a retarded plug, besides, buying into someone else's publicly announced pump means YOU are the sucker left holding the bag.
legendary
Activity: 1246
Merit: 1011
Pump and dump scheme are shark eat shark world.

I believe so, although I'd extend this to all day-trading myself.
full member
Activity: 181
Merit: 100
Schemes that take advantage of other people are not helpful.

Such schemes, when profitable, take advantage of bad day-traders.  It is the bad day-traders that are not only unhelpful but destructive.  Disincentivising this activity will reduce volatility and quicken the process of price discovery.

People that enjoy taking advantage of other people will get what they deserve in the end. I hope you lose everything.

I suppose it's good karma to wish others misfortune.


Pump and dump scheme are shark eat shark world.

Someone who is new to cryto won't know how to buy all these alt coin.
legendary
Activity: 1246
Merit: 1011
Schemes that take advantage of other people are not helpful.

Such schemes, when profitable, take advantage of bad day-traders.  It is the bad day-traders that are not only unhelpful but destructive.  Disincentivising this activity will reduce volatility and quicken the process of price discovery.

People that enjoy taking advantage of other people will get what they deserve in the end. I hope you lose everything.

I suppose it's good karma to wish others misfortune.
legendary
Activity: 4466
Merit: 3391
However, some pump-and-dump schemes are profitable and take advantage of manipulable day-traders.  These certainly help the market and the community and I for one hope we see more of them.

Schemes that take advantage of other people are not helpful. People that enjoy taking advantage of other people will get what they deserve in the end. I hope you lose everything.
sr. member
Activity: 406
Merit: 250
i once lost a lot of money on an altcoin pump that was carried out like this. NEVER AGAIN Undecided
legendary
Activity: 1246
Merit: 1011
Market manipulation is the last thing we need. These stupid pump and dump schemes only hurt what this community is trying to accomplish.

Stupid pump-and-dump schemes are not profitable so, while they certainly do hurt the market, there is at least a strong disincentive to executing them.

However, some pump-and-dump schemes are profitable and take advantage of manipulable day-traders.  These certainly help the market and the community and I for one hope we see more of them.
sr. member
Activity: 406
Merit: 250
Market manipulation is the last thing we need. These stupid pump and dump schemes only hurt what this community is trying to accomplish.

Sure (and what OP suggested would not work at all anyway). BUT to some extent, and especially in a market with such low liquidity as bitcoin, there will naturally be sharks trying to fleece the inexperienced traders/investors.

This problem will solve itself with market cap growth. Until then it is a roller coaster.
full member
Activity: 238
Merit: 100
Market manipulation is the last thing we need. These stupid pump and dump schemes only hurt what this community is trying to accomplish.

Sure (and what OP suggested would not work at all anyway). BUT to some extent, and especially in a market with such low liquidity as bitcoin, there will naturally be sharks trying to fleece the inexperienced traders/investors.
sr. member
Activity: 434
Merit: 263
Im not sure that will work, the web page is to obscure. saying that x11 went up to .0049 albeit a few hours later. lets see what happens to pinkcoin though but like i said on twitter i think its too early for pink.

If it works it will quickly kill its self, you will get 100 people a day announcing pumps for £1!
sr. member
Activity: 364
Merit: 250
We are drifting lol.

This was about HOW to do a Pump, not WHY to do a Pump
full member
Activity: 224
Merit: 100
VocalPlatform.com
The pump game is stupid. Some people win (the guy that announces, and maybe the first people in), but everyone else are just suckers.

The stupidest part is that the guy that announces doesn't even really play. He has already bought in and just cashes out after he announces.

Yes this is what i mean, fontas was doing this at his last pumps, they dont even really pump they only dump their coins to the suckers that believed on the "pump". Altough thats illegal and we dont want that shit on bitcoin
sr. member
Activity: 406
Merit: 250
Market manipulation is the last thing we need. These stupid pump and dump schemes only hurt what this community is trying to accomplish.
legendary
Activity: 1988
Merit: 1007
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?

This sounds like a self-plug for the site... because in the real world this wouldn't matter at all. Someone could just as easily sign a transaction from a wallet with thousands of BTC and post it on the forums.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Have I been living under a rock?  I have never even heard of bitcoinmegaphone until I read this thread...

This would probably work with some of the Alt-coins, and just maybe a little bit on BTC, but not enough to be all that profitable...
legendary
Activity: 4466
Merit: 3391
I had this idea when I was like... 10.
Wouldn't work in practice.

The sad fact is that it does work. Look up Fontas.
jr. member
Activity: 140
Merit: 1
I had this idea when I was like... 10.
Wouldln't work in practice.
full member
Activity: 238
Merit: 100
The pump game is stupid. Some people win (the guy that announces, and the first people in), but everyone else are just suckers.

The stupidest part is that the guy that announces doesn't even really play. He has already bought in and just cashes out after he announces.

Well, it's not really stupid for the pumper then, eh? Sounds like they are making out with a nice profit, buying at the bottom and selling to all the suckers on the way up.
legendary
Activity: 4466
Merit: 3391
The pump game is stupid. Some people win (the guy that announces, and maybe the first people in), but everyone else are just suckers.

The stupidest part is that the guy that announces doesn't even really play. He has already bought in and just cashes out after he announces.
member
Activity: 116
Merit: 10
The best way it not to schedule a massive pump.
full member
Activity: 224
Merit: 100
VocalPlatform.com
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?

Someone can spend 1 bitcoin writing an "expensive" message to let the fools buy into his "pump", they will pump bitcoin just to let the whale dump his coins at the peak over the first ones.
full member
Activity: 238
Merit: 100
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?

Announcing the date and time of a pump renders the whole thing dead. Everyone will be front running each other to get in before the pump "starts" and then when it officially does, everyone will be running for the exit. Could work out well for the whale, though, if they accumulated nicely before making the announcement.
hero member
Activity: 994
Merit: 501
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?

Does anyone care about the legality of this regardless of if it will work or not?  Almost no possibility it will, but funny how people think oh its Bitcoin, there are no rules.  Rules apply to basically anything that can be traded or manipulated.  Bitcoin certainly falls under both those umbrellas.
sr. member
Activity: 364
Merit: 250
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?

Huh

How much is he going to spend? 1 BTC for almost 85k characters? How rambly is he? The time it takes to write the message is not worth it lol.

LOL

CTRL+V  Wink

True. But still, doesn't sound so realistic to me
legendary
Activity: 1188
Merit: 1016
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?

Huh

How much is he going to spend? 1 BTC for almost 85k characters? How rambly is he? The time it takes to write the message is not worth it lol.

LOL

CTRL+V  Wink

Seriously though, I don't think this would work. If news of the pump got too public, it would become very unpredictable.
Best way I think, would be to organise it with a bunch of other whales privately with strict timing, allowing you to play the market with people who don't have a clue what's going on...
newbie
Activity: 18
Merit: 0
Is there anything stopping people from tipping themselves? I suspect that's what the most-tipped list is.
sr. member
Activity: 364
Merit: 250
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?

Huh

How much is he going to spend? 1 BTC for almost 85k characters? How rambly is he? The time it takes to write the message is not worth it lol.

LOL
newbie
Activity: 28
Merit: 0
Ok hear me out. If a whale wants to announce a pump anonymously, he can make a long expensive post on http://bitcoinmegaphone.com announcing the date and time.

If the post is long enough (ie, expensive enough) people will know he's actually a whale and is serious. Then the post's permalink will get spread around the internet, helping to ensure the pump has a good chance of happening.

Thoughts?
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