Topic: Stay Away of this scam Coin - page 5. (Read 902 times)

Some developers are only looking for profit for themselves so sometimes they do that and make a lot of people then interested in buying the coin because of the pumping price. For now it is difficult to judge a good coin or not because there will always be risks and there will also always be people who try to find personal advantage by taking advantage of the opportunities available and we must be more careful in assessing whether a good coin is good or not.

I know nothing about Crex24 but yet I see in your image that it might really be a pump and dump strategy.
I am a victim of this when I was starting at Yobit.
They are really doing it in the troll box first. When they see someone is really buying you will be shocked at how many supporters will suddenly pop out of the troll box.
Then, you will try to buy more because you think it is really being pumped until in a sudden it goes back to 1 satoshi a piece. 

There are lots of shitcoins pumped every day, and those altcoins have almost no volume so the price can be manipulated very easily. I also never invest in these projects because it is definitely a scam. I only care about altcoins listed in binance and Okex, which are the best altcoins and are much less manipulated.

Actually, that is not true. Give me $1k and I'll do this pump & dump without an issue. (don't give me $1k - I just hypothetically said that).

How does it work? Well, it's very simple to give a sh*tcoin (or even Bitcoin and other cryptocurrencies, as soon as the liquidity is very low) an artificial but substantial price change. Look how simple it is:

1. I deposit $1k worth of BTC on Crex24 and place a buy order for this coin with the best price of all orders so I could be the first order in case somebody wants to dump theirs. This price will be a significantly lower one than the first sell order.
2. Someone dumps their coins and fulfills my $1k order. At this point, the price decreases substantially and I own $1k worth of this coin.
3. I place a sell order so I could, again, be the first one in the sell orders list. The price will be very high compared to the price I bought at. This difference makes me all the profit I need.
4. Someone wants to buy the altcoin instantly, without having to go through waiting for an order fulfillment. Being the first on the sell orders list, they buy my coins and my order gets fulfilled. The price increases substantially until someone comes in and does the same process from step 1 to step 4.

This is how most pumps really work.. A sh*tcoin pumping does not mean an altcoin pump season is going to begin. Coins like BSV are a pumped and dumped by whales, because they need a higher liquidity to manipulate a significant price increase or decrease and profit is harder to be made by a regular trader like me. Coins like the one you've posted in the OP are easy to be manipulated.

BSV, for example, is a different story. Whoever bought BSV and pumped it hard then sold it made a considerable profit and most likely moved to BTC or an altcoin. This money does affect the prices and the market overall as we did see during the BSV crazy market manipulation period.. although the BSV pump & dump was very sketchy due to also being a coin with a very low liquidity on the exchanges with hundreds of millions of $. IIRC, an exchange had $280M trading volume with a liquidity under $20k. That's insane and very shady.

You can find many shit coins in the market which are pumping and dumping on a daily basis and that does not mean that the market is getting better, stay away from these shit coins which are created to make money for the developers. I have no idea about the coin you mentioned but most probably it is another pump and dump coin.

It's the reason why researching is always suggested because we can't easily guarantee if our investment are safe and secured from scammers particularly these days that most of them are looking for an opportunity to deceive like by making you believe in their promises and sweet lies. Doing your own research can help you determine if it's legit and worthy. It will also guide you on making the right decision since you will be able to see the reviews, experiences and thoughts of other people regarding it. In that way we can avoid falling into the tricks of scammers because their opinion can have an impact on our decision making. It depends on us if we are going to believe and trust them and on how are we going to manage our own investment but since we can't literally assure the possible things that may happen then it's better to do our own exploration and be cautious so we will not end up feeling remorse.

This is a joke, a lot of which I have seen coins experience multiples of prices up to 200-400%, including this CVCC. It is foolish to trust a newcomer coin that suddenly can pump up to 600%. It's likely that many people are taking advantage of the good moments now, utilizing when everyone starts to open up their hopes with altcoin. This CVV buy and sell order if you see this as a manipulation, it must be driven by a group of teams who want the attention of people, traders and investors to join, and after the volume is sufficient, their team will run away. And of course the fate of the CVCC can no longer guarantee.

I never doubt Crex24 and the coin is fake and I don't know how can be listed?. Scam coin make bad reputation for the exchanges it self and crypto world, in general explanation both are criminal. This is why people stay away from crypto market and regulation make situation get worse. We need to keep sharing about this information for every crypto users to leave this exchanges and coin forever, let's start by share using social media. May I?

yes, honestly I just heard about this coin. if you look at this coin data on the CMC market it looks terrible, they pump around 600% this is a new history for me personally seeing altcoin like that. but whether or not I do not know the certainty, it is important for anyone to always be vigilant with coins like that.

I can't believe you guys are still using these scam exchanges. Use regulated exchanges like ecxx and coinbase then use vayladex to buy and trade low caps like BRAP.

You have done well by informing people from investing in what seems like a pyramid scheme but unfortunately, only few people will get to read about this warning and fewer people will take heed. But the joke is even on those who won't read and then saw a coin having a sporadic increase as an opportunity to make money and eventually when it starts dumping real hard, they come to the forum to claim scammers are having their ways and no one is doing anything about it when in the real sense, they are the ones that have failed to do due diligence and made the scammers smile to their wallets every now and then.

sometimes we are not sure about a scam coin when we invest or we own the coin. it would be great hope for us to see the trading chart of the coin even though we know that what happens in the market is only a manipulation from the developer to get more money.

Research about this coin first before investing. Try to analyze every single information into it to avoid getting scammed by this coin. If you have found out that this coin is a scam, try to list it down and tell the others that it is a scam so that it will not gonna affect other people again.

sometimes, some developers do this to deceive people, so I don't trade too often or deal with coins that don't really have real development, especially if it's not from top altcoin. Until now, we should be careful to look at the potential of coins, because now there are so many coins that pump, so don't be easily provoked by prices that go up suddenly.

You have no idea what you are talking. Look at the buy order as I said in the OP. All the buy order is very low and it's very clear indicate that it's a pump and dump coin. For your info, anyone with 20 coin can dump the market because if you combine all the buy order which are above $5 (current price is $8.67), will not be 20 CVCC coin. What do you think? It's natural growth like BTC, ETH had? Not at all.No one can liquidate their CVCC shitcoin with this price. Look at the trade history.

That's odd to me, i'm wondering why the price of that coin is very expensive, it was reach ATM $97.83 and its ATL $0.69 cents but if we look at its order book, there is no big buy order for me it's a clear price manipulation that's why before anyone plans to buy that coin just consider the risk or else you might end up losing your money with that condition it's very obvious everyone can notice it. be warned people.

I have never heard about CryptoVerificationCoin, however we cannot say it is a scam because of the pump and the exchange it is listed. Just be careful and find more information.

Compared to choosing to hold or invest in the long run it is better to do it that way where we can buy coins that we think can pump and then sell them when the price is pumping, but the problem is that we have to be able to estimate or determine whether the coins that we will buy can pump up and in the end we can make a profit from the coin.

Such coins always have problems with liquidity, which means that the price increase is due solely to volatility.
Of course, the recession will not take long, but only when the herd instinct works and people carry the money to invest in this coin.
This is what will create liquidity and an opportunity for sale to those who arranged this manipulation.

Seeing a coin pumped is not an indication that it is a scam.  Op should have given a more strong evidence that the coin is really a scam.  If we look at the market history, almost all cryptocurrency were pumped hard Bitcoin included.  So it is (being pumped hard) not an indicator whether a cryptocurrency is a scam or not.  It may fall to a pump and dump shitcoin but we needed more evidence to say it is really a scam project.