Pump & Dump Trap! Don't get trapped!

SimpleBuyer

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Quote from: RodeoX on December 03, 2015, 01:51:46 PM

Quote from: Piltover on December 01, 2015, 08:57:02 PM

Quote from: newcoins1978 on December 01, 2015, 08:28:18 PM

Sharp eye. The price will go down since the pump is over. The action we see is again some first class market manipulation.
Waiting for new believers to step in, and dump some coins on them.

Thanks for the heads up.

I am new here and to me this scemes are hard to see. What would be a safe price to buy?

Since you are new to this here is a tip. Despite the constant stream of guesses about future price. No one knows anything more than you do about what will happen. You can broadly guess that the price will rise or fall, but you are just guessing. The people who I know who have done well with bitcoin do their own homework and never ask someone about the price. That is just hope.
If only it were as simple as asking the right person. Undecided

+1
There are threads with polls which are the complete opposite of the majority votes. No one knows for sure.

bearex

hero member

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I dont think it is, because the volume is the same as for the past days, so no major dumping is happening (nor pumping)

RodeoX

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The revolution will be monetized!

Quote from: Piltover on December 01, 2015, 08:57:02 PM

Quote from: newcoins1978 on December 01, 2015, 08:28:18 PM

Sharp eye. The price will go down since the pump is over. The action we see is again some first class market manipulation.
Waiting for new believers to step in, and dump some coins on them.

Thanks for the heads up.

I am new here and to me this scemes are hard to see. What would be a safe price to buy?

Since you are new to this here is a tip. Despite the constant stream of guesses about future price. No one knows anything more than you do about what will happen. You can broadly guess that the price will rise or fall, but you are just guessing. The people who I know who have done well with bitcoin do their own homework and never ask someone about the price. That is just hope.
If only it were as simple as asking the right person. Undecided

uki

legendary

Activity: 1358

Merit: 1000

cryptojunk bag holder

Quote from: Amph on December 02, 2015, 03:30:31 AM

Quote from: glendall on December 01, 2015, 08:45:43 PM

Any guesses on the bottom?

328, i'm fairly sure the market is following the same pattern but with a 3xx instead of a 2xx, i'm expecting another increase toward 380 in december

I think we may get to the low $300, with pretty high chances for that to happen. It looks like we keep moving sideways, around $350, not exceeding $50-wide band in each direction.

pissedoff

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The bitcoin price has been stable around ~$350 in the past few days. I don't see any Pump and Dump trap.

Denker

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Quote from: glendall on December 01, 2015, 08:45:43 PM

Any guesses on the bottom?

Hard to guess.
But I think lowest would be something in 320s.
As long as we stay above 300 I'm fine.
See it as an opportunity to buy some more BTC.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: Karartma1 on December 02, 2015, 03:50:30 AM

Quote from: Amph on December 02, 2015, 03:30:31 AM

Quote from: glendall on December 01, 2015, 08:45:43 PM

Any guesses on the bottom?

328, i'm fairly sure the market is following the same pattern but with a 3xx instead of a 2xx, i'm expecting another increase toward 380 in december

I had the same thoughts as you. If that price will be broken we are seriously going down to 300$ maybe lower. But Bitcoin price then can not go lower than that because than we will see huge buys at discount; in these days we saw how easy it is for the price to spike though.

I don't think we will go this low. I honestly think that the current low of about $350 is low as we will get!

Karartma1

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Quote from: Amph on December 02, 2015, 03:30:31 AM

Quote from: glendall on December 01, 2015, 08:45:43 PM

Any guesses on the bottom?

328, i'm fairly sure the market is following the same pattern but with a 3xx instead of a 2xx, i'm expecting another increase toward 380 in december

I had the same thoughts as you. If that price will be broken we are seriously going down to 300$ maybe lower. But Bitcoin price then can not go lower than that because than we will see huge buys at discount; in these days we saw how easy it is for the price to spike though.

Amph

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Quote from: glendall on December 01, 2015, 08:45:43 PM

Any guesses on the bottom?

328, i'm fairly sure the market is following the same pattern but with a 3xx instead of a 2xx, i'm expecting another increase toward 380 in december

talks_cheep

legendary

Activity: 1036

Merit: 1000

The price rise was inorganic, i.e., there were no good reasons for the rise. Some people claimed there doesn't have to be any reason for the price to move suddenly, just a "natural" function of exchanges and markets. The problem is, if this happened at NYSE, there WOULD be an investigation. It wasn't even natural, it was so contrived from the get-go. Why nobody else saw it? I think everyone else was too busy cheering along with the Pumper as the price rose.

What is the bottom? Probably around 340.

What is the safe price to buy? Probably around 340-350.

I can tell you right now that come Feb/March'2016, we will see $1000+ due to the halfing event in July'2016.

Piltover

sr. member

Activity: 364

Merit: 250

Quote from: newcoins1978 on December 01, 2015, 08:28:18 PM

Sharp eye. The price will go down since the pump is over. The action we see is again some first class market manipulation.
Waiting for new believers to step in, and dump some coins on them.

Thanks for the heads up.

I am new here and to me this scemes are hard to see. What would be a safe price to buy?

glendall

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Buzz App - Spin wheel, farm rewards

Any guesses on the bottom?

newcoins1978

sr. member

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Sharp eye. The price will go down since the pump is over. The action we see is again some first class market manipulation.
Waiting for new believers to step in, and dump some coins on them.

talks_cheep

legendary

Activity: 1036

Merit: 1000

More drops as predicted. We are in the full DUMP PHASE. Sometimes, I hate being right.

talks_cheep

legendary

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Quote from: alani123 on November 30, 2015, 03:21:42 PM

I was thinking of selling some BTC today after the price rise and re-buy if it drops.

You should have done it. As I predicted, it was a Pump-n-Dump. Price dropped to 353, recovered a bit currently at 360. We will see bigger drops in the coming days. LOL

Mickeyb

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Activity: 798

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Move On !!!!!!

Quote from: alani123 on November 30, 2015, 03:21:42 PM

I was thinking of selling some BTC today after the price rise and re-buy if it drops.

I wouldn't do it mate, you never know when this thing can take off! Then again maybe that's why I never made much money on day trading! I just don't have balls to do it!

Wilhelm

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Quote from: alani123 on November 30, 2015, 03:21:42 PM

I was thinking of selling some BTC today after the price rise and re-buy if it drops.

Yet you fear the rise of Bitcoin

alani123

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Leading Crypto Sports Betting & Casino Platform

I was thinking of selling some BTC today after the price rise and re-buy if it drops.

Wilhelm

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Quote from: bhodson on November 30, 2015, 10:43:35 AM

From what I have seen the price goes up when there is a good reason.

I am still waiting for someone to tell me what the good reason is this time.

Terrorists are buying weapons with Bitcoin... Tongue

Governments are paying counter terrorists with Bitcoin.... Tongue

bitowl

member

Activity: 85

Merit: 10

Quote from: RodeoX on November 30, 2015, 12:28:50 PM

Hey Talk, I was wondering if you could tell to us what you think a "pump and dump" is? Can you explain the process please?

I assume he means whales come in and start buying to try to "foment" an upward price movement. If at anytime the price naturally starts to fall, they come in again and buy more to keep the price from dropping. Everyone then believes this is a natural upward trend, ie "we'll be at $400 by thursday!!" type posts, which adds to the upward trend. Then the whale acts, dumping a huge amount of bitcoins in a market order, profiting immensely and sparking a massive sell off which causes all the rubes who bought in to lose value.

This type of activity is illegal on wall street (because it works) but the big players do it anyway. They just make sure to always have an excuse if the SEC is pressured to investigate (their natural state is not to investigate since they're all working together to fleece the public).

RodeoX

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The revolution will be monetized!

Hey Talk, I was wondering if you could tell to us what you think a "pump and dump" is? Can you explain the process please?

Amph

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Merit: 1070

Quote from: talks_cheep on November 29, 2015, 09:02:22 PM

Looks like the top has been reached at 380. Sell before the drop accelerates.

i don't think so, it dropped like that when we were around 350, then it skyrocketed again

is yet to be seen the full outcome of this pump, there may be some good surprise, i would buy at this range, at best it could drop from few %

bhodson

member

Activity: 72

Merit: 10

From what I have seen the price goes up when there is a good reason.

I am still waiting for someone to tell me what the good reason is this time.

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

It does not seem to me like the last one. Last one was much faster going to 500, but now it does not seem to get past the 400. I am talking in Eur a bit, since I trade the Btc/Eur pair.

I think it will go down from here, raises tend to be more sharp.

Namrekka

newbie

Activity: 50

Merit: 0

Quote from: talks_cheep on November 29, 2015, 09:02:22 PM

Looks like the top has been reached at 380. Sell before the drop accelerates.

+1

NorrisK

legendary

Activity: 1946

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We will likely see a similar run to last one, a slowish price rise at first (happening now), creating some nice green candles, that will escale quickly afterwards.

600-700 might be touched briefly if this is the case.

Cconvert2G36

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Activity: 392

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Quote from: talks_cheep on November 29, 2015, 09:25:46 PM

Quote from: Cconvert2G36 on November 29, 2015, 09:05:27 PM

Quote from: talks_cheep on November 29, 2015, 09:02:22 PM

Looks like the top has been reached at 380. Sell before the drop accelerates.

As long as you've got those goal posts on casters, you're gold.

Quote from: talks_cheep on November 23, 2015, 09:27:26 PM

yep, just as expected, a drop from 325 to 315 a few minutes ago at bfx.

I bet it will go up to 320, sideline there for a few days and then another from 320 to 310, rises to 315 for a few days, and then another drop from 315 to 305. Drop by drop, we are going down. This is the story of bitcoin.

@Cconvert2G36, don't be a creep, digging other's past, I bet I can dig up a skeleton from your past, however, I am not a creep, so I won't do shady things like that.

Be my guest, you have my explicit permission to dig up the last week of my posts, not further tho!

talks_cheep

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Quote from: Cconvert2G36 on November 29, 2015, 09:05:27 PM

Quote from: talks_cheep on November 29, 2015, 09:02:22 PM

Looks like the top has been reached at 380. Sell before the drop accelerates.

As long as you've got those goal posts on casters, you're gold.

Quote from: talks_cheep on November 23, 2015, 09:27:26 PM

yep, just as expected, a drop from 325 to 315 a few minutes ago at bfx.

I bet it will go up to 320, sideline there for a few days and then another from 320 to 310, rises to 315 for a few days, and then another drop from 315 to 305. Drop by drop, we are going down. This is the story of bitcoin.

@Cconvert2G36, don't be a creep, digging other's past, I bet I can dig up a skeleton from your past, however, I am not a creep, so I won't do shady things like that.

manis

sr. member

Activity: 303

Merit: 250

Quote from: talks_cheep on November 29, 2015, 09:02:22 PM

Looks like the top has been reached at 380. Sell before the drop accelerates.

Predicting tops (or bottoms) is risky business.
Set stop loss/ lock profit levels, and ride out the storm.

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Quote from: talks_cheep on November 29, 2015, 09:02:22 PM

Looks like the top has been reached at 380. Sell before the drop accelerates.

As long as you've got those goal posts on casters, you're gold.

Quote from: talks_cheep on November 23, 2015, 09:27:26 PM

yep, just as expected, a drop from 325 to 315 a few minutes ago at bfx.

I bet it will go up to 320, sideline there for a few days and then another from 320 to 310, rises to 315 for a few days, and then another drop from 315 to 305. Drop by drop, we are going down. This is the story of bitcoin.

talks_cheep

legendary

Activity: 1036

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Looks like the top has been reached at 380. Sell before the drop accelerates.

manis

sr. member

Activity: 303

Merit: 250

You don't necessarily have to get trapped in a pump and dump.
You may also benefit by riding it.

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Quote from: suda123 on November 29, 2015, 08:24:36 PM

Quote from: r0ach on November 29, 2015, 05:38:52 PM

Quote from: talks_cheep on November 29, 2015, 05:07:42 PM

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

^ The JIDF, Zionist, pro-central banking, anti-BTC, shill poster who has already created 5000 fake spam accounts is once again doing it. Your posts are useless now that everyone knows where they originate from. You're basically pumping Bitcoin now by showing how afraid the banking interests are of it.

hi /pol/

Oddly enough, he had a period of making some informed and reasoned posts. Wonder what happened to him?

Was he wronged somehow? This could be a coping mechanism. The vulnerable sometimes get comfort from placing blame on a diaphanous, omnipotent, and malevolent foe when they don't possess the means or acumen to "right the wrong" themselves.

Quote from: r0ach on January 12, 2015, 05:18:09 AM

Quote from: NotHatinJustTrollin on January 11, 2015, 08:55:29 PM

By the way That Mircea Popescu dude is a schizo clown.

More like egomaniac. He's using this issue to try and draw attention to himself. The block limits were put there to prevent spam as a short term bandaid. There's obviously a problem with making block sizes too large, but it would also require an enormous Bitcoin economy to make it a problem, or...lots of people spamming the chain with gambling site nonsense. As long as you can prevent spam, increasing the upper limit isn't that big of a deal.

I guess it comes down to an issue of, would you rather have fractional reserve bitcoin where everything is off-chain, or non-fractional reserve where everything is on-chain with more bloat. Some people might ask, if you're doing everything off-chain, then how is it beneficial over the systems we already have? There's clearly some point there since the Keynesians could still be running wild in an off-chain system.

suda123

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Quote from: r0ach on November 29, 2015, 05:38:52 PM

Quote from: talks_cheep on November 29, 2015, 05:07:42 PM

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

^ The JIDF, Zionist, pro-central banking, anti-BTC, shill poster who has already created 5000 fake spam accounts is once again doing it. Your posts are useless now that everyone knows where they originate from. You're basically pumping Bitcoin now by showing how afraid the banking interests are of it.

hi /pol/

redhack

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How do you know it's a bull trap? Last time this happen, price was go up to $502.

talks_cheep

legendary

Activity: 1036

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There's no good reason for the current rise in price. No logical explanation. According to Sherlock Holmes, after you discount all other theories, the only theory remaining is the correct one. Pump and dump, FTW. No?

r0ach

legendary

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Merit: 1000

Quote from: talks_cheep on November 29, 2015, 05:07:42 PM

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

^ The JIDF, Zionist, pro-central banking, anti-BTC, shill poster who has already created 5000 fake spam accounts is once again doing it. Your posts are useless now that everyone knows where they originate from. You're basically pumping Bitcoin now by showing how afraid the banking interests are of it.

Meuh6879

legendary

Activity: 1512

Merit: 1012

selling what ? give me a beer instead of say bullshit ...

Wilhelm

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Sell your coins OP I dare you!!!

talks_cheep

legendary

Activity: 1036

Merit: 1000

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

Topic: Pump & Dump Trap! Don't get trapped! (Read 2358 times)