Pump and dump is the name of the game. - page 5.

rodskee

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Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

pump and dump is a part of currency because currency is like a game sometimes up sometimes down the movement of bitcoin in market i think is part of the escrow and now bitcoin value are still pumping that the game of currency hopely until the end of this the bitcoin value goes pumping and strong in the cryptoworld.

mackenzied

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Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

It increases the uncertainty of the market, many people will be in crisis because of trade losses. However, it is also a good opportunity for good traders to make a profit.

maurobiasolo

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Quote from: nydiacaskey01 on August 29, 2017, 02:38:43 AM

Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

Unfortunately this is whats happening now. The whales are the ones who are in control on how and where they want the price of a coin or token to go. If the whales dont want the price to go up, they will put up a huge sell wall that will make other sellers to sell it lower until the price continue to plunge. Even those who are good with charts are sometimes no match with them.

actually, this is quite common in any financial markets (liquid or illiquid). (Un)fortunately, blockchain and crypto currencies can't prevent speculations and insiders.

SirLancelot

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Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

It is a major part of business in cryptos world now-a-days. Yes surely pumping and dumping is a the name of the same game. We can find such pumps or dumps easily by seeing its actual price and trade history, but in this pumping and dumping, some people really earn some good profits and even some peoples who have there invested there money on the specific coins has a great loss. Many people here might have been experienced such losses. It is not as easily possible to pump or dump any huge coins like bitcoin so we can see such variations in small altcoins.

nydiacaskey01

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Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

Unfortunately this is whats happening now. The whales are the ones who are in control on how and where they want the price of a coin or token to go. If the whales dont want the price to go up, they will put up a huge sell wall that will make other sellers to sell it lower until the price continue to plunge. Even those who are good with charts are sometimes no match with them.

OneUnderBridge

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Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

Isn't that how it works? Isn't that what the words HYPE and FUD were invented to describe? I don't get it? I'm not a trader but I thought that was always the way the markets worked. Are you trying to make a funny observational statement?

deisik

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Quote from: Hydrogen on August 28, 2017, 07:57:23 PM

Pump and dump is the name of the game everywhere. It follows the instant gratification nature much of modern culture is built on. Bitcoin is the exception rather than the rule in terms of it being an extremely effective accumulator and storer of long term value. One might say bitcoin moreso follows a delayed gratification mentality. Delayed gratification is something like an inverse opposite to the instant gratification mentality pump and dumpers tend to have. There probably is an interesting breakdown of those different ways of thinking that might be interesting from an abstract perspective

This is not a built-in feature

Any growing (expanding) market behaves like that, i.e. you buy at whatever price and sit on your hands waiting till the market expands enough to give you the delayed gratification you are so eagerly looking for. But since there's plenty of room to expand into, it feels like "Bitcoin is the exception rather than the rule in terms of it being [...] a delayed gratification" vehicle. But it will stop working as soon as the market gets saturated. And then you are back to the pack which Bitcoin is a seeming exception of ("the instant gratification game")

hangar18

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Quote from: xuan87 on August 29, 2017, 01:17:30 AM

It is a very common things in crypto currencies and a lot of whales are playing this game to gain profit, but if the market cap volume is high then it will be difficult to do pump and dump, pump and dump game is usually used for alt coin and traders fond of this situation, where pump and dump actively done

Difficult do not mean is impossible. Any market are have big boy, rich man and whales control market, they are leader create game and we are gamer in their match. Sometime, gamer can become to winner and they will loss their money.

xuan87

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It is a very common things in crypto currencies and a lot of whales are playing this game to gain profit, but if the market cap volume is high then it will be difficult to do pump and dump, pump and dump game is usually used for alt coin and traders fond of this situation, where pump and dump actively done

noturbabe

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I think it's a normal thing in the world of trading, where traders have these tactics to earn more than what you invested, like twice or thrice the worth of investments. This is a common scenario of the cryptocurrency market, that's how the big fishes are able to grow their assets more and more. Many users are now aware of this Pump and Dump of coins. I have observed not only bitcoins but many other altcoins are totally following the same path of Pump and Dump later.

asyakashi

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That is part of the trade, and that is the usual thing. Like any economic law, every sale always has a price drop or a price increase.
Only we do not know who controls the price.
Crypto game is very difficult to predict because there is no special regulation to control the price. Everyone is free to pump or dump.
You just need to know how dev or whale retains the price of a coin. Buy it at the lowest price, hold it then sell it for a high price.

mrcash02

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I believe OP doesn't say about pumps and dumps in general, he is saying about the fake pumps and dumps ICO developers and its investors create on the market to make easy profit. I don't know the details about this strategy of money making, but there are many people trying it daily. All they need to do is to enter the game on the right time, some prediction skills are necessary. It's a risky game and the players must know it.

Eugenar

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Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

That's because Bitcoin is volatile. And its users, especially the investors will make profit out of its volatility. They'll buy Bitcoin during the dumps or when the price is low, and will hold it for a long period of time. They will only sell it if the value increase as well as their profit. This kind of strategy gives the investors big profit even if it will take time for them to earn something from their investment.

Hydrogen

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Pump and dump is the name of the game everywhere. It follows the instant gratification nature much of modern culture is built on. Bitcoin is the exception rather than the rule in terms of it being an extremely effective accumulator and storer of long term value. One might say bitcoin moreso follows a delayed gratification mentality. Delayed gratification is something like an inverse opposite to the instant gratification mentality pump and dumpers tend to have. There probably is an interesting breakdown of those different ways of thinking that might be interesting from an abstract perspective.

angaper

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Quote from: swaptaker on August 28, 2017, 04:06:22 PM

Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

This is valid for real world stock markets as well. We can't blame pump and dump action or the people behind it. That's how the world markets work. Without price manipulation, nobody can earn something from the markets.

Since humankind invented the concept of private property thousands of years ago, this has been the eternal game of speculation. It may not be the fairest of economic arrangements because those who have the most can condition prices in their favor, and this has often led to those who have more money tending to accumulate more, while the poorest tend to increase their poverty.

But that is the way in which the capitalist economic system unfortunately has infiltrated the world of cryptos and contaminated the market to turn it into a pump and dump scheme rather than a real option to confront the current system.

surix

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If you know the game, then you can play it - just don't follow the pump because it's always to late and run away before the pump.

Greediness is your biggest enemy. If you put together a portfolio and benefit only the grow in industry, then you will blame yourself that you missed so many opportunities...

It's life.

szpalata

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Quote from: swaptaker on August 28, 2017, 04:06:22 PM

Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

This is valid for real world stock markets as well. We can't blame pump and dump action or the people behind it. That's how the world markets work. Without price manipulation, nobody can earn something from the markets.

Well, that's true and I bet you'd do the same if you had significant stake in the market and can Also pump and dumb at will when you have enough money .

swaptaker

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Quote from: cybersofts on August 21, 2017, 08:05:16 AM

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

This is valid for real world stock markets as well. We can't blame pump and dump action or the people behind it. That's how the world markets work. Without price manipulation, nobody can earn something from the markets.

amaral1977

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Recently. That is something to laugh about. Small volume, high volatility, no regulation. Can only lead to market manipulation and insider trading. This can only be stopped either by market self regulation via decentralization and volume ( i don´t really believe that the market is able to regulate itself) or by adding regulations and regulatory entities that goes against the the very soul of BTC. Let´s profit from it and wait for what the future brings.

buwaytress

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That really is the game. One that I'm loathe to invest time in to learn, nor to risk the heartache of losing, nor to endure the highs of "winning". It's a zero sum end game if everyone's in it for pump and dump (thankfully, even the biggest pessimist must not believe this to be true).

It's a big reason behind why the last two buys I've made are into a form of periodical dividend-sharing tokens. No returns as of yet, but am only holding and waiting patiently for the businesses to start kicking in. Ain't got no time for P n D!

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