Topic: pump and dump - page 3. (Read 4206 times)
Op. but it is exactly as you stated. Pump and dump are happening over and over again. Maybe it is not so visible anymore, but from time to time you can observe huge bitcoin price drop and the rise. The reason why rich bitcoiners are not doing this on daily basis is - as I assume concern about overall price stability. If I had 50.000 coins and more I wouldn't matter to me if I can earn something fast but rather long-time stability of the market.
If they bought 10M coins in one purchase their purchase price would have to rise significantly. If they bought that many coins in phases the price would rise gradually as their 10M continually exceeds the available coins being sold.
A pump and dump really only works if you buy your coins today, then try to get a bunch of other people to run up the price based on fake or misleading news, at which point you sell.
A pump and dump really only works if you buy your coins today, then try to get a bunch of other people to run up the price based on fake or misleading news, at which point you sell.
I know this might be a bad thing for bitcoin but i am really curious to know why don't rich people buy like 10 million $ worth of bitcoin, then the price will automatically go up and sell those bitcoin instantly? even if the price only rise by 5 % that's 500 000 $ profit in just a matter of minutes
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
They would realize it's not worth dumping the coins once they have them. Plus you would need the volume to instantly dump. also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
I don't know what or how the rich people think but I do have a feeling when they invest, they need to have some form of assurance that the investment can give a high potential yield and return. If they execute a single buy order something like 10 mil in short period of time, sure enough bitcoin price will rise, but they will probably end up having to buy bitcoin at higher price. So you will need to convince them.
The rich didn't get there by investing based on blind belief.
They need to be shown strong reasons that bitcoin is a good investment.
And if they can't find a strong reason to believe that it is indeed a good investment, they will try to innovate and exploit so that in the end they get the most profits.
I know this might be a bad thing for bitcoin but i am really curious to know why don't rich people buy like 10 million $ worth of bitcoin, then the price will automatically go up and sell those bitcoin instantly? even if the price only rise by 5 % that's 500 000 $ profit in just a matter of minutes
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
That wouldn't just happen. Imagine if the price rose that much, there would be no markets for it to be bought, because users will also try to sell their own holdings, thus depressing the buying side of the market.
I love a good pump dump as many others do but at the same time people can get hurt in them if they dont know what their doing. Most pump dumps cause nothing but problems or end up killing the coin off.
I am a lover of the old pumps we all should be as it has made the price of bitcoin where it is today, people should never invest more than they can afford to lose that is the number one rule and if they stuck with that they would not get hurt per say obviously would not be nice but that's the game they chose to play so unlucky lol. The only pumps that cause problems are those done by really greedy groups who have no intention of pumping that coin again 'most' pumps leave the coin in better shape than they started i know the ones i have been involved in have. Good luck my little pumpers
I don't know what or how the rich people think but I do have a feeling when they invest, they need to have some form of assurance that the investment can give a high potential yield and return. If they execute a single buy order something like 10 mil in short period of time, sure enough bitcoin price will rise, but they will probably end up having to buy bitcoin at higher price. So you will need to convince them.
The rich didn't get there by investing based on blind belief.
They need to be shown strong reasons that bitcoin is a good investment.
isn't this what people want? if nothing happens people complain and say it's boring.
ride the waves and make profit.
indeed , people always want what they THINK they dont want. humanity man.. : ) ride the waves and make profit.
OP , this is already happening incase you havent noticed
Noticed a long time ago what OP said many big hitters are coming in but getting middle men to buy up conis at a low price and effectively while not disturbing the price much maybe a little increase here and theri but nothing to indicate a massive spike up.
isn't this what people want? if nothing happens people complain and say it's boring.
ride the waves and make profit.
indeed , people always want what they THINK they dont want. humanity man.. : ) ride the waves and make profit.
OP , this is already happening incase you havent noticed
I don't know what or how the rich people think but I do have a feeling when they invest, they need to have some form of assurance that the investment can give a high potential yield and return. If they execute a single buy order something like 10 mil in short period of time, sure enough bitcoin price will rise, but they will probably end up having to buy bitcoin at higher price. So you will need to convince them.
as long as the majority of bitcoin are in a few hands, p&d will occur all the time, plenty of manipulation in any exchange are always showed up
Pump and dump has been used regularly on bitcoin... its just that now even they are bored of this market.
Not just on Bitcoin.... lots of other commodities too.
{ I know maize farmers who play "pump n dump" with huge volumes of maize in Silo's to get the best profit on markets } I think it just got more difficult to do it lately.... You need a lot of money or BTC to shift the price on all of these exchanges. It is not unlikely that a group of whales are playing with bots to manipulate the day trading volumes to do smaller "pump n dumps"
Ask yourselve this question - If you had the money or BTC, would you have done it? { I think most people would
} 
Pump and dump has been used regularly on bitcoin... its just that now even they are bored of this market.
I know this might be a bad thing for bitcoin but i am really curious to know why don't rich people buy like 10 million $ worth of bitcoin, then the price will automatically go up and sell those bitcoin instantly? even if the price only rise by 5 % that's 500 000 $ profit in just a matter of minutes
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
In altcoin, check bittrex.com market. As far i know, bittrex listed many scam coin which cost the developer. Sure, i mean, Cycle.
In Bitcoin, i think karpeles has a lot of Bitcoin in their pocket since 'Mt.gox Collapse'.
So, i mean.. they can monopolize market.
Cmiiw.
I love a good pump dump as many others do but at the same time people can get hurt in them if they dont know what their doing. Most pump dumps cause nothing but problems or end up killing the coin off.
I know this might be a bad thing for bitcoin but i am really curious to know why don't rich people buy like 10 million $ worth of bitcoin, then the price will automatically go up and sell those bitcoin instantly? even if the price only rise by 5 % that's 500 000 $ profit in just a matter of minutes
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
I wouldn't be surprised if it were already happening just at a modest pace. It's already being raped pretty badly and would benefit from regulation (trading that is).
isn't this what people want? if nothing happens people complain and say it's boring.
ride the waves and make profit.
ride the waves and make profit.
I suspect that groups of well-off people can do (probably do) exactly what you're saying. Whales uniting together to gobble the little weaklings up.
Well, it would be stupid to sell it off emmediatly.
You would need a lot more to have a lasting impact on all of the exchanges, but it would make a difference, if you hoard them for a while and release them slowly back onto the exchanges.
The value will increase, because there are less availlable coins in circulation, but as more coins are sold on exchanges, the value will drop. {New coins are mined every day}
At one stage {final stage} of releasing it back, you would have more coins than was bought at the start, and the price might even be lower than the price you bought it for.
This is only in theory... other people might buy the new coins and could also have bought loads of other coins, and the price might skyrocket for your hoarded coins.
You would need a lot more to have a lasting impact on all of the exchanges, but it would make a difference, if you hoard them for a while and release them slowly back onto the exchanges.
The value will increase, because there are less availlable coins in circulation, but as more coins are sold on exchanges, the value will drop. {New coins are mined every day}
At one stage {final stage} of releasing it back, you would have more coins than was bought at the start, and the price might even be lower than the price you bought it for.
This is only in theory... other people might buy the new coins and could also have bought loads of other coins, and the price might skyrocket for your hoarded coins.
There are no buying market and they ended by sell it for cheap. many people waiting for next bitcoin bubble, and ready to dump it after price skyrocketing. Because they hold expensive coin for too long.
Anyway this is risky moves, if they want to manipulate market, better in stocks
Anyway this is risky moves, if they want to manipulate market, better in stocks
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