Topic: The pumping of "Forgotten coins"! (Read 1649 times)
I think it's just big bag holders passing the crap to noobs. The coin just dies again. This is why you must hold your dead coins you never know when a pump starts.
Lets revive darkcoin and blackcoin and bring those back from the dead with a nice pump 
money laundering?
Money laundering is not possible with that easy things. With these pumps, they probably try to steal your money by tricking you. They make the process known as pump and dump.
There is a lot of hype around Bitcoins and Altcoins, there are big whales investing and moving money, people are taking advantage of unpopular Altcoins and pumping it, a lot of speculation, fear of a bubble. Usually it is the same with the stock market but with way more volatility.
i seen a lots of telegram groups who made a certain pumped providing tips that some coin will be pumped and I'm not sure if they all related but it seems that they really getting good profits when some newcomers and greedy traders comes and buy those coins, better to stay away or risk money that you can afford to lose, so if ever you've been trapped you can cope up right away.
yeah, I've noticed that too. it is the work of pump groups and it is really interesting to see how many newbies are following these pump groups and pour their money in their pockets easily!
it is a nice move for many though, because these nearly dead altcoins have a lot of miners who have billions of these coins in their bags for no reason which they gave up on but now they can dump it to get a nice amount of bitcoin.
it is a nice move for many though, because these nearly dead altcoins have a lot of miners who have billions of these coins in their bags for no reason which they gave up on but now they can dump it to get a nice amount of bitcoin.
Yeah its basically a way to relieve newbies of their coins. The ones who fall for it typically see the prices rising and want to jump on the bandwagon without researching the coin or realizing they are being duped.
When you are bagholding some dead coin of course its always lovely to see it get pumped out of nowhere and is the only reason I backup all my dead alts somewhere if they are not on an exchange already.
yeah, I've noticed that too. it is the work of pump groups and it is really interesting to see how many newbies are following these pump groups and pour their money in their pockets easily!
it is a nice move for many though, because these nearly dead altcoins have a lot of miners who have billions of these coins in their bags for no reason which they gave up on but now they can dump it to get a nice amount of bitcoin.
and although it would be a risky move but you can always join in and make some profit if you can catch the train on 1 sat. rising from 1 to 5 is simply 400% profit! I'll do it with a small amount though.
if you start that then you have to stay away from the altcoins altogether not just these specific coins!
it is a nice move for many though, because these nearly dead altcoins have a lot of miners who have billions of these coins in their bags for no reason which they gave up on but now they can dump it to get a nice amount of bitcoin.
and although it would be a risky move but you can always join in and make some profit if you can catch the train on 1 sat. rising from 1 to 5 is simply 400% profit! I'll do it with a small amount though.
I advise you just do not pay attention to it.
if you start that then you have to stay away from the altcoins altogether not just these specific coins!
Yeah its an easy way for some smart pump and dumpers to make a killing on a bunch of random scamcoins with no active development or project.
what do you think is happening in the market, to be honest i no longer have any idea 
i can understand big coins (the top 10 or whatever) getting pumped.
i can understand small coins (the rest to 100 something) getting pumped.
but what i can't understand is why and how the hell are they pumping the dead/forgotten coins! and the volume is HUGE by the way...
if you look around at coins that have been dead, abandoned, and with prices that were ridiculously low like 1 satoshi, ... these coins are getting pumped these days!
the latest is Pandacoin (PND) it doesn't seem to be as big as others such as MOON and HTML5 but it is 400% rise so far!!!
i can understand big coins (the top 10 or whatever) getting pumped.
i can understand small coins (the rest to 100 something) getting pumped.
but what i can't understand is why and how the hell are they pumping the dead/forgotten coins! and the volume is HUGE by the way...
if you look around at coins that have been dead, abandoned, and with prices that were ridiculously low like 1 satoshi, ... these coins are getting pumped these days!
the latest is Pandacoin (PND) it doesn't seem to be as big as others such as MOON and HTML5 but it is 400% rise so far!!!
Like people said above, it is a trap. The pump is just people buying/selling their own coins then when there are some big buy walls happen they would dump to nothing, then the next person repeat.
When i first started trading i was caught off guard with these sort of pump and dump coins and since yobit has a lot of coins that are unheard of in the real world,i just went with the flow with them and went on to become a bag holder for a coin and in the end i had to sell it off at 1 sat when i initially purchased them for over 200 sat. after learning a good lesson i always tend to be careful in what coins you are entering.
after learning a good lesson i always tend to be careful in what coins you are entering. 
Pump and Dump. I discovered that when i first been a victim of this scam. The very first weeks of my trading i became greedy and not analyze the market growth of what coin i'm buying. After that i discovered bitcointalk and stick with good analysis from our fellow traders.
This is the real pump and dump scheme,where all the coins are pumped with the market so that everyone gets a fair share of the inflated market 
i do not have any idea what is happening with all the coins which i have not heard making a rally.
i do not have any idea what is happening with all the coins which i have not heard making a rally.
It's true, some coins are just pure scams. Copies, with no added value.
But careful about old coins, they can always have value in the future because of the brand.
If crypto becomes mainstream, I wouldn't be so sure that old coins will have no value...!!!
But careful about old coins, they can always have value in the future because of the brand.
If crypto becomes mainstream, I wouldn't be so sure that old coins will have no value...!!!
It's sickening and it's all greed, cryptocurrency seems to have lost most of its value.
It's not decentralized, it's not for the little guys, it hurts just as bad a dollars and euros do... more honor a,on the thieves of wall street perhaps
It's not decentralized, it's not for the little guys, it hurts just as bad a dollars and euros do... more honor a,on the thieves of wall street perhaps
bytecoin has to the biggest one.
They're pumping low value coins and make huge amounts of profit, when you see a large buyorder for an unknown coin, prepare for the incoming pump.
I advise you just do not pay attention to it.
its double edged sword for pumpers, its not without risk for them either. Those semidead altcoins have often large pool of bagholders, and some of them can notice great opportunity and dump it all into their ongoing pump.
And pumpers will become bagholders themselves
And pumpers will become bagholders themselves
money laundering?
Because they have a smaller marketcap, of course. So less money required and less risks.
A single Satoshi of price increase most times is enough to pump the coins
A single Satoshi of price increase most times is enough to pump the coins
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