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Topic: rumors of up and coming big MazaCoin Pump? any news? (Read 4746 times)

legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
Sneaky, I guess I can only just warn the users
sr. member
Activity: 350
Merit: 250

why were they buying mazacoin right before they were supposed to have a pump?


Because that is how the pump and dump works, they buy the coins cheap well before the actual pump.

By the time they 'announce' the pump coin, they already have their sell orders stacked.

If you dont know what the coin is long before the pump, then you are the one who is getting dumped on.


LOL


My question was rhetorical man


But thanks for the lesson anyway.
full member
Activity: 196
Merit: 100
OP, Please change thread subject to "Rumors of up and coming big MazaCoin Dump?"
full member
Activity: 168
Merit: 100

why were they buying mazacoin right before they were supposed to have a pump?


Because that is how the pump and dump works, they buy the coins cheap well before the actual pump.

By the time they 'announce' the pump coin, they already have their sell orders stacked.

If you dont know what the coin is long before the pump, then you are the one who is getting dumped on.
full member
Activity: 196
Merit: 100
Emerald Pumps cancelled a Mazacoin order due to cryptsy's technical issues.

why were they buying mazacoin right before they were supposed to have a pump?

https://twitter.com/EmeraldPump/status/442811572025847808

Think the pump was actually for Mint, it had big sell walls on mintpal, and has now
gone.

So guessing, it's Mint then possibly Maza. So that's why they are still buying a load
of Maza while it's still cheap!
sr. member
Activity: 350
Merit: 250
Emerald Pumps cancelled a Mazacoin order due to cryptsy's technical issues.

why were they buying mazacoin right before they were supposed to have a pump?

https://twitter.com/EmeraldPump/status/442811572025847808
newbie
Activity: 42
Merit: 0
I'm gonna pump that shit out with my 0.12BTC yeah!  Grin

anything helps  Grin
legendary
Activity: 2898
Merit: 1017
I'm gonna pump that shit out with my 0.12BTC yeah!  Grin
newbie
Activity: 42
Merit: 0
we were pumping cryptsy and everything is frozen sitewide wtf
hero member
Activity: 560
Merit: 500
I think real Maza pump will be after aurora's airdrop.
legendary
Activity: 1036
Merit: 1000
Dumped because some whales didnt have enough maza
Too busy with aurora
Now sell them some cheap maza and when all of them will be happy we will be ready for this history pump
legendary
Activity: 3066
Merit: 1188
Maza has had it's pump. There's no pump incoming.

Even if it only went back to 10, where it was a couple of days ago, it will have reached Prime coin's price (corrected for coin supply).

So it's already massively overvalued as it is for a new coin that's basically a clone with no no distinguishing features. The network effect of its recent news coverage is what is giving it its value at the moment. I'm not saying it's unjustified, I'm just saying that wishful thinking is not what endows cryptocurrencies with value and no-one posting on here saying "pump incoming" has 1 clue as to what real world event said pump might be based on.

There are 2 ways to trade:

[1] - read the news, and study fundamentals of a coin. Observe past trading history and conclude with 80% certainty that the coin is undervalued

[2] - get panicked by posters on Bitcointalk saying "pump coming, I've got a really strong feeling"

One of the above results in massive coin loss. I'll leave you to decide which one  Wink

The coin lost half its value when that New York times article came out. That's because the effect of last week's hysterical pump was far more powerful in raping the coin of its value than the restorative effect of the New York times.
member
Activity: 118
Merit: 10
We have a hundred thousand left from the coins we mined, looking to buy more in a bit.   We think it will go back up.   We should have held more, and sold a little later than we did, but all in all happy so far ...  We're more miners than traders ...
legendary
Activity: 1288
Merit: 1000
I just bought some more , Feels like the train is still in the station Smiley

I bought some last week, and I feel like the train has crashed!
member
Activity: 85
Merit: 10
You can expect at least a 5x increase this week.

yeah yeah, I've been hearing this for a week now and so far it went down every single day  Grin

its not down, its pre-pumped.
newbie
Activity: 28
Merit: 0
You can expect at least a 5x increase this week.

yeah yeah, I've been hearing this for a week now and so far it went down every single day  Grin
full member
Activity: 238
Merit: 100
You can expect at least a 5x increase this week.
member
Activity: 85
Merit: 10
here is another opinion:

newbie
Activity: 42
Merit: 0
are we looking at the same charts?
volume on cryptsy and cryptorush is dead


http://coinmarketcap.com:  1 minute ago

http://i61.tinypic.com/2ilbhba.png


most of the coins went up today this doesnt mean theres a pump
newbie
Activity: 42
Merit: 0
i hope there is a pump but im not sold quite yet.
i have so much to do around the house and now i cant leave the computer staring at charts nonstop Wink
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