Gentlemen,
I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming? Thanks!
I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming? Thanks!
Pump and dumps is thing of alls days. Is normal that there is increased on activity as time passes because of several reasons like the increase of peoples interested on mining, Tons of cheap scrypt miners, Mining cloud services, Etc.... Like everything the biggest boom should be to come.
What you need to watch for is the % of total possible coins mined in the first couple months. Doge (sadly) was an example of a coin that had a massive early reward for early miners. Then said miners pumped the coin to a massive extreme. Ironically these miners also trashed all prior altcoins that had a large early award. Since dogecoin the MO for many altcoins is a massive early reward. Pump Pump, then sell. I'm really surprised this continues the way it does. It's very much like a pyramid scheme
