Pump and dump is the name of the game. - page 6.

Olivious

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Quote from: cybersofts on August 21, 2017, 07:05:16 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

Its been happening years ago after the alts been born everyday, whales are manipulating the price and dump when all the newbie buys that trend.

fullhdpixel

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Quote from: unknown-user on August 25, 2017, 07:46:47 PM

Quote from: cybersofts on August 21, 2017, 07:05:16 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 normal since Bitcoin is decentralized. Also, it is a common strategy, to buy during the dips and sell during the pumps. Holding your Bitcoin in backdrops will benefit you once the price again increase. Also an advantage that during the dumps, there are lpts of people who are panic selling. Meaning, profits will be earned by those who know how to hold and those who are patient.

All my life I’ve always disliked online investments, so when I joined Bitcoin I never had interest in those ICO sort of things.
Most of all these are all scammers looking for who to deceive and run away with their hard earned money. So, it’s always good to know the way in and out in all these things lol.

futuret

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Quote from: redsun114 on August 27, 2017, 02:10:48 AM

Quote from: dragonusa9 on August 23, 2017, 12:23:11 PM

im thinking that its just usual thing happened on the market, especially on bitcoin too.
they pump and dump to play with the price, so they can get more profit possible. just some basic of trading profit though

Yes you are right pump and dump make bitcoin more profitable but if you play smartly to dump and pump then you will get pretty much profit that make you even rich. All you have to do is to make decision smartly on dump and pump situations you will get high reward just due to your decision, for trading we need skills and lot of knowledge.

Highly agreed! The fluctuations of the digital currencies are blessings especially that of bitcoins. Without these pump and dumps, bitcoins will not circulate among traders. This unstable nature is giving digital currencies an edge over paper money. Indeed! It totally depends on the trader how he uses these opportunities for his welfare.

maurobiasolo

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Quote from: Wandika on August 27, 2017, 03:31:30 AM

Quote from: redsun114 on August 27, 2017, 02:10:48 AM

Quote from: dragonusa9 on August 23, 2017, 12:23:11 PM

im thinking that its just usual thing happened on the market, especially on bitcoin too.
they pump and dump to play with the price, so they can get more profit possible. just some basic of trading profit though

Yes you are right pump and dump make bitcoin more profitable but if you play smartly to dump and pump then you will get pretty much profit that make you even rich. All you have to do is to make decision smartly on dump and pump situations you will get high reward just due to your decision, for trading we need skills and lot of knowledge.

We should know how to read graphs and have a wise guess whether it will pump or not. As well having knowledge on all the coins you have and have the coins that have potential. It maybe a long process to master trading but its worthy.

Guess it will take a long time to acquire such knowledge. I would spend this time trying to get to know who really moves the market :-)

Hamphser

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Quote from: Wandika on August 27, 2017, 03:31:30 AM

Quote from: redsun114 on August 27, 2017, 02:10:48 AM

Quote from: dragonusa9 on August 23, 2017, 12:23:11 PM

im thinking that its just usual thing happened on the market, especially on bitcoin too.
they pump and dump to play with the price, so they can get more profit possible. just some basic of trading profit though

Yes you are right pump and dump make bitcoin more profitable but if you play smartly to dump and pump then you will get pretty much profit that make you even rich. All you have to do is to make decision smartly on dump and pump situations you will get high reward just due to your decision, for trading we need skills and lot of knowledge.

We should know how to read graphs and have a wise guess whether it will pump or not. As well having knowledge on all the coins you have and have the coins that have potential. It maybe a long process to master trading but its worthy.

Masterings stuffs needed on trading isnt really an easy thing and it would really takes time for sure because its not really possible for you to learn it overtime. Mistakes would normally happen on trading world specially on cryptos knowings that price are too volatile and executing trades or orders is really a tough job for us.Pump and dump is really the game on this trading world which we should see this as an opportunity on making money.

Wandika

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Quote from: redsun114 on August 27, 2017, 02:10:48 AM

Quote from: dragonusa9 on August 23, 2017, 12:23:11 PM

im thinking that its just usual thing happened on the market, especially on bitcoin too.
they pump and dump to play with the price, so they can get more profit possible. just some basic of trading profit though

Yes you are right pump and dump make bitcoin more profitable but if you play smartly to dump and pump then you will get pretty much profit that make you even rich. All you have to do is to make decision smartly on dump and pump situations you will get high reward just due to your decision, for trading we need skills and lot of knowledge.

We should know how to read graphs and have a wise guess whether it will pump or not. As well having knowledge on all the coins you have and have the coins that have potential. It maybe a long process to master trading but its worthy.

redsun114

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Quote from: dragonusa9 on August 23, 2017, 12:23:11 PM

im thinking that its just usual thing happened on the market, especially on bitcoin too.
they pump and dump to play with the price, so they can get more profit possible. just some basic of trading profit though

Yes you are right pump and dump make bitcoin more profitable but if you play smartly to dump and pump then you will get pretty much profit that make you even rich. All you have to do is to make decision smartly on dump and pump situations you will get high reward just due to your decision, for trading we need skills and lot of knowledge.

jostorres

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Quote from: gabmen on August 24, 2017, 05:21:41 AM

Quote from: cybersofts on August 21, 2017, 07:05:16 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 has always been how trading works especially for smaller coins. If you have a lot of btc, you can pump a coin yourself and then dump. If not, observe coin movements so you can ride whales when they pump and dump a coin

Pump and dump are the beauty of the crypto market and they keep on circulating money in the form of coins among the traders. The dumping of bitcoins is worth waiting because t gives you chance of buying bitcoins at low prices and enjoy grand profit when they are at the peak of pumping stage.

deisik

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Quote from: virasog on August 25, 2017, 11:07:44 PM

Between information, rumor control and that method of controlling a price for a coin, the next most powerful thing that a person can do is to actually buy and sell that coin, with a two-person team they can literally create the price. The old adage of a product is only worth what someone will pay for it creates a mathematical equation that is illegal to fill in both sides out in the stock market but it's completely uncontrolled on a cryptocurrency exchanges

You don't need a team for that

You can just register with an exchange twice and do the trade between your two accounts. But what will it give you apart from losing some coins on trade commissions? If there is enough liquidity in the market, your trade will come off completely unnoticed, otherwise this pseudo liquidity you provide will be irrelevant. This might be what some if not all exchanges are doing, but their purpose is to increase trading volume which would make them look more impressive (read competitive) in the exchange market. But this is a different story anyway

Similificator

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Quote from: cybersofts on August 21, 2017, 07:05:16 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

Dude, first of all, this is not new in the crypto world. People have been doing for as long as i can remember. I even think that this had been happening since the dawn of crypto currencies(but im not sure with this one though). This is human nature we are witnessing. Because humans will always take advantage of anything as long as they can. And unless there will be a rule for this to be prohibited, then i dont think people will stop doing this. Plus every coin needs this. So its just a win win for both sides.

evilgreed

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I commonly heard about this so called pump and dump team, that there are people behind the scenes or an organization that has been controlling the prices or trying to manipulate the prices at the market by giving signals or telling people to buy or sell at some point. Well i guess if you are careless and just being carried away without any further analysis, the tendency is that you might lose bigger money rather than earning, but at some point also if you hit at the right time, i guess its great and beneficial.

taxmanmt5

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So I could take a $1 coin, put it out there for $1,000, and have a second person by that point at $1,000, and for at least a moment that is a $1,000 coin. It takes a lot more than just one transaction most of the time but that one transaction does illustrate how two people or even one person with two accounts can change the price for coin fairly quickly.

virasog

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Between information, rumor control and that method of controlling a price for a coin, the next most powerful thing that a person can do is to actually buy and sell that coin, with a two-person team they can literally create the price. The old adage of a product is only worth what someone will pay for it creates a mathematical equation that is illegal to fill in both sides out in the stock market but it's completely uncontrolled on a cryptocurrency exchanges.

Qunenin

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When there are so many coins out there that have absolutely no Market Capital behind them then there has to be a controlling mechanism for the price, and that controlling mechanism on most of these exchanges is the mood and the feeling that is created by the price fluctuations and information that can be found in various places. A coin can literally be made or destroyed but just a couple of comments in a troll box on an exchange.

darthmaul

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Quote from: cybersofts on August 21, 2017, 07:05:16 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 pretty old now and very common game. But if you think everything with perspective of crypto currencies future then it's not good. This is because pumper are just using the coins for their use and other side portfolio of that particular coin disturbing completely which will make it dump it competely which has happened earlier before.

This is due to its use as medium to create self wealth but funds to be raised for that project goes off due to exchanging of unpredicted investment. This is very deep subject to think on, anyway you keep it up but you will later on know what's this all.

White Christmas

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Quote from: rachelia13 on August 23, 2017, 08:22:07 AM

I think that's normal in the world of trading, especially in the cryptocurrency world where a group of people pump the price of a coin and when they get profits, they dump the prices of that coin so they can buy again at a low prices

Exactly its normal that people buy and sell whenver there is a dump and pump on a price in one cryptocurrency. Simply because they only wait for the perfect timing where they can earn or get profit from it when the price pump. And when they reach the expected price thats the time for them to convert it into another cryptocurrency. Usually when the price of one cryptocurrency people tend to buy more so that when it pump their money become double.

uraharasan

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Quote from: yndye on August 25, 2017, 09:33:05 PM

Because of the low volume of coins, whales can easily move the price of the coins and then when they attract traders to buy as well then they would dump it to them for profit. This has been happening since the beginning and only the fast hands profit from it and the slow ones are the ones who lose so better stay away from pump and dump. You're lucky if you were able to buy at the bottom and then the coin was pump.

The world of trading there is always a name pump and dump, if you do not want to experience it better you do not have to trade.

yndye

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Because of the low volume of coins, whales can easily move the price of the coins and then when they attract traders to buy as well then they would dump it to them for profit. This has been happening since the beginning and only the fast hands profit from it and the slow ones are the ones who lose so better stay away from pump and dump. You're lucky if you were able to buy at the bottom and then the coin was pump.

iluvpie60

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Quote from: cybersofts on August 21, 2017, 07:05:16 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 always how it works out, even if there really isn't an actual "dump" or "pump".

Essentially, all of the people who want to buy and sell, buy and sell during a given week or month. What happens is that once you sell, you get USD and wait for the price to go low again and you buy back in. Once you buy back in, you do not have any more USD left you can use to buy coins with. So eventually, everyone has their coins and no USD to spend, so they have to take their profits, which causes everyone else to sell.

Simple!

unknown-user

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Quote from: cybersofts on August 21, 2017, 07:05:16 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 normal since Bitcoin is decentralized. Also, it is a common strategy, to buy during the dips and sell during the pumps. Holding your Bitcoin in backdrops will benefit you once the price again increase. Also an advantage that during the dumps, there are lpts of people who are panic selling. Meaning, profits will be earned by those who know how to hold and those who are patient.

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