Pump and dump is the name of the game. - page 7.

ethereumhunter

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Quote from: klf on August 25, 2017, 07:21:45 PM

Quote from: _Legendary_ on August 24, 2017, 09:08:09 AM

I think this is a normal, high return of course high risk and this does not make me retreat for bitcoin investment, the end of the year is only 4 months away, and usually the price will skyrocket.

I think these pumps are a scam not normal because usually who ever planning to pump certain coin will buy those coins at a higher price and then ask people buy them so that he can sell at higher price. But whoever buys at a higher price will lose their money because those coins never go back to that high price unless someone else again plans for the pump.

i think maybe yes, you can say like that because some coin after its pump, the price is back to bottom price again. but we know that some people is making big profit with this pump and if the price is down, they can buy at low price. i think its too risky if we are follow with this pump because we don't know when the pump is over and we are only for another pump.

dothebeats

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Quote from: klf on August 25, 2017, 07:21:45 PM

Quote from: _Legendary_ on August 24, 2017, 09:08:09 AM

I think this is a normal, high return of course high risk and this does not make me retreat for bitcoin investment, the end of the year is only 4 months away, and usually the price will skyrocket.

I think these pumps are a scam not normal because usually who ever planning to pump certain coin will buy those coins at a higher price and then ask people buy them so that he can sell at higher price. But whoever buys at a higher price will lose their money because those coins never go back to that high price unless someone else again plans for the pump.

What happens during the accumulation phase is that the masterminds would buy a dead coin in terms of volume and try to be discreet as possible so as not to give away any hints that something is brewing. This will happen until the mastermind accumulated a hefty sum. After that he will call out for help to dump his coins too. Been there, done that. I dumped on to someone who invited me on that IRC group and never have I looked back.

klf

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Quote from: _Legendary_ on August 24, 2017, 09:08:09 AM

I think this is a normal, high return of course high risk and this does not make me retreat for bitcoin investment, the end of the year is only 4 months away, and usually the price will skyrocket.

I think these pumps are a scam not normal because usually who ever planning to pump certain coin will buy those coins at a higher price and then ask people buy them so that he can sell at higher price. But whoever buys at a higher price will lose their money because those coins never go back to that high price unless someone else again plans for the pump.

bestluck

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Quote from: jtipt on August 24, 2017, 04:13:32 AM

Quote from: kwest1 on August 21, 2017, 07:22:26 AM

Happening recently? It's been going on since the dawn of Bitcoin, so almost 10 years.

Exactly, the pump and dump have become like the basic fundamental of crypto currency. A new coin is created, people pump it until it reaches its saturation point and then dump it and the coin is dead within few months. But actually it's not too bad as most of these new cryptos are shit.

yes you are right all the coins popularity depends upon its users, if they want to make coin become dead then they will make it dead if tycoons dump these coins, bitcoin is also depend upon it’s users, and I think bitcoin is most favorite of all it’s users and that is why bitcoin always pump. And yes you are right pump and dump are basic fundamentals and we have to play with these fundamental for bigger profit.

Karartma1

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So many alt currencies died that way. All those copycats were simple P&D schemes which gave the developers ( ???can we call them this way???) a bit of cash. It seems like we are back in 2013/2014 where useless coins came to life.
Today we have ICOs......
To each his own

lonelygrimm

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yep, but it's a common thing now in crypto world, some people doesn't want to call it trading but of course it's trading , you can get more profit if you got the moment except you will lose more if you can't reach the timing Grin

but yeah, stay away from that pumping and dumping thing if you want to find real profit, this is more like a gamble

skyline247

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Everyone knows 99% ICOs are pump and dump scams and nothing more. It is sad all of the newbies who get brainwashed into thinking it is the next big thing and lose all of their money.

Roboabhishek

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Quote from: CryptoBry on August 21, 2017, 07:20:53 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 is now getting common with cryptocurrency...probably because the market is not yet that huge compared to maybe forex or stocks and that means that a group of people or whales can easily sway the movement of a coin's price.

Many small coin holders are also doing this thing and they just call it as trading...waiting for the coin to pump and then sell the coin and then wait for the coin to go dip and buy the same coin...making some profits along the way.

Well that means a whale with a huge amount of bitcoins waiting for a perfect moment to sell bitcoins on a good price xD
then it will be a big mess for coin holders with a small amount, am I right?

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

This has been happening for a longgggg time. It hasn't been just a recent thing.

Many coins are bought slowly over a week or few weeks time at a low price. Currently take for example Bytecoin. Ithink it was down to 29 satoshis last i chcked. usually someone will carash the price down to about that level, and in a few weeks or a month later, it will surge up to 150 satoshis or something like that.

Now that BTC is leveling off again(trading sideways with not much up or down) Iexpect people to pump and dump alts soon.

matanglawin

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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

I think this is normal. It often happens because Bitcoin is volatile which means that its price changes from time to time. Also, its market value depends on the market's demand, so if the demand decreases the price falls. And all cryptocurrency experience this kind of cycle wherein dumps and pumps happens respectively. The tendency is that, they will buy during the dumps and sell during pumps, and I think thwt's marketing strategy.

_Legendary_

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I think this is a normal, high return of course high risk and this does not make me retreat for bitcoin investment, the end of the year is only 4 months away, and usually the price will skyrocket.

Seansky

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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 is what mostly happens on crypto coins now especially on trading sites. First is that if the price is high, people will spread FUD to get price to tank in cheaper prices. When price is low, people will try to hype a certain coin and therefore the price rise of many altcoins is mostly caused by FOMO. That is how the game works ever since altcoin trading become one of the bitcoin generating grounds of many bitcoiners out there.

gabmen

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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

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

talkbitcoin

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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?

it has been happening from day 1 in the altcoin world. it is actually the main reason why 90% of the altcoins are created and will continue to be created in the future too. it is a small market, susceptible to manipulation. and there is a lot of money to be made through this.
it is nothing new.

although i have to add, some people mistake bitcoin rises, specially when they are fast, with pump and dumps. they are not at all like P&D simple because there is nothing fake about it and they stay around and there is real demand for bitcoin!

jtipt

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Quote from: kwest1 on August 21, 2017, 07:22:26 AM

Happening recently? It's been going on since the dawn of Bitcoin, so almost 10 years.

Exactly, the pump and dump have become like the basic fundamental of crypto currency. A new coin is created, people pump it until it reaches its saturation point and then dump it and the coin is dead within few months. But actually it's not too bad as most of these new cryptos are shit.

kryptqnick

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Quote from: UsernameBitcoin on August 23, 2017, 02:39:17 PM

Do not fall for pump and dumps as most ICOs are. You should realize they only want to build hype and after building hype they sell premine and make their money. The #1 sign of pump-and dump is when developer premines tons of coins you know it is a pump and dump.

Sure. But why should one always avoid such things? I mean, there are people who care a lot for the coins they invest into, and they don't buy the coins they think are shitty. These people are investors, they want to help cool projects and gain some profit out of it. And yet there're other people, who buy the coins regardless to their innovation level and stuff like that. They just trade using buy low sell high strategy. As more people are becoming traders, the market is destabilized. There people have the right to do what they do and they shouldn't stay away from premining.

Carlsen

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I think that bitcoin has become less affected of this game.
The amount of money you have to use to produce a pumping effect with bitcoin simply is too big.
For other coins that works perfectly fine. The guys behind it have done it several times and it always works for them.
I suppose the pump-dump-game will exist as long as crypto currencies will exist.

doomloop

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Quote from: Ewox on August 23, 2017, 10:16:12 AM

Actually that's how trading really works, buy them low and sell them high. If you could read some tips given in this forum about trading ever since this forum had started, mostly that's their advice when it comes to trading coins.

in fact bitcoin is not the regulated as the other regular strokes are and bitcoin pump and dump game is working in a very simple way and it is very straight forward manner game it is a kind of compromise between two people or two groups . the first group is call players who players by and artificially increasing the price of bitcoin and at some countries it is considering as illegal but still it is growing very fast.

UsernameBitcoin

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Do not fall for pump and dumps as most ICOs are. You should realize they only want to build hype and after building hype they sell premine and make their money. The #1 sign of pump-and dump is when developer premines tons of coins you know it is a pump and dump.

dmamigo

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Quote from: malikusama on August 23, 2017, 01:02:37 PM

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.

This is basically one of the way to grow in stock and as well now in crypto markets. Big players have always used it since long ago.
And basically this is a nice way if you can analyse the pump and dump strategy and the right time when its being done.

Topic: Pump and dump is the name of the game. - page 7. (Read 3421 times)