its a matter of when and what are you going to trade remember, that to get rich you have to be smart,
it doesn't matter you have to be very careful on things even shitcoins can make you rich its just when
are you going to let go , you see being greedy is the main reason imagine if you hold 3000 bitcoins now
you then imagine after 2 years you'll be a millionaire, see that being greedy why? after a few days you
can get profit, but what are we thinking 2 years, its okay to be greedy but you also have to be smart
holding lots of bitcoin doesn't mean your sure, its when you already have enough and not to much
Topic: Trade Bitcoin - AVOID "Get Rich Quick" Shit Coin Pump and Dump (Read 527 times)
December 04, 2019, 07:12:23 AM
This is difficult to avoid because similar pumps and dumps occur in reputable coins. So if we can't avoid it better then let's face it and be smart in these scammers' steps. It's better to just follow the wave they are making, so that we can have a profit here too.
Dangerous idea , if you just following whats in the trend or wave of the altcoin you want to enter just to have profit, you can get stuck and instead of profit you will lost your money with that decision. Dont just go with flow better enter early then sell iy always in time.Don't ever try to be more aggressive with certain decision, because you may feel in the future and won't gain good results. Losing money can frustrate us, and definitely won't give you good emotions to face the current struggles. What's best for this time, having patience is our only way to deal with recent problems, eventually as time will be older; recovering the value of our asset might took us more time grow at promising value.
December 04, 2019, 07:03:26 AM
This is difficult to avoid because similar pumps and dumps occur in reputable coins. So if we can't avoid it better then let's face it and be smart in these scammers' steps. It's better to just follow the wave they are making, so that we can have a profit here too.
Dangerous idea , if you just following whats in the trend or wave of the altcoin you want to enter just to have profit, you can get stuck and instead of profit you will lost your money with that decision. Dont just go with flow better enter early then sell iy always in time. 
December 03, 2019, 01:32:06 PM
That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
People who usually get stuck in those shit-coins are the greedy one's and usually the one's who listen to pump and dump signal group.The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
Most of those people are lazy so they would just depend on other peoples decision and they would later on cry and scream scam all over the internet.
December 03, 2019, 12:31:29 PM
This is difficult to avoid because similar pumps and dumps occur in reputable coins. So if we can't avoid it better then let's face it and be smart in these scammers' steps. It's better to just follow the wave they are making, so that we can have a profit here too.
December 03, 2019, 10:58:18 AM
That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
I am not entirely sure about this. But I am sure that you can be much more profitable with trading one shitcoin and gain 200% rather than keep ping-ponging a more stable coin until you reach the aforementioned threshold.
IMHO, risking to get more profit is more lucrative than a stagnant trading strategy.
December 03, 2019, 02:42:34 AM
That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
that's why now I no longer want to invest in new coins is very risky. I have experienced two large investment losses in new coins. the price only went up 2 times after being registered in the exchange then after that it continued to decline and become shitcoin. better to invest in bitcoin I think is more profitable and safe even though we have to wait long enough for bitcoin to pump again.
December 03, 2019, 02:29:48 AM
Most of the time people end up losing out of the shitcoin trading. Very few people find to be lucky to get rich out of the same. People who invested during the year 2016-2017 on the shitcoins benefited big, while this didn't happened afterwards. This means with the bullish move almost every cryptocurrency experienced growth that made people rich. Right now it is good to go with low price potential cryptocurrencies on the top liat than shit coins that are pumped and dumped by the team itself.
Logically speaking, no one profits in joining pump and dump schemes other than those who are head behind all this. Joining it simply makes you a puppet and willingly donate your money to them. A responsible trader should know themselves the market and trade accordingly by trying to project the price through methods like technical analysis along with the news. You should not rely to other people and trust yourself even more by educating yourself since the knowledge nowadays is just a the tip of your finger. What you only need to do is to have some dedication, determination and time to learn. 
December 03, 2019, 02:21:43 AM
Most of the time people end up losing out of the shitcoin trading. Very few people find to be lucky to get rich out of the same. People who invested during the year 2016-2017 on the shitcoins benefited big, while this didn't happened afterwards. This means with the bullish move almost every cryptocurrency experienced growth that made people rich. Right now it is good to go with low price potential cryptocurrencies on the top liat than shit coins that are pumped and dumped by the team itself.
December 03, 2019, 02:07:04 AM
I get your point buddy, but not all coins are like that.
A lot of them hold their grounds in the market, and a lot of people are happy they invested on the coin
A lot of them hold their grounds in the market, and a lot of people are happy they invested on the coin
December 02, 2019, 09:00:29 PM
People being greedy is what gets them to be scammed and causes them to hate crypto when it actually happens. One of the reason is the lack of knowledge on what they're getting into they'll invest into anything like HYIP, ponzi schemes like cloud minings or they'll ride the hype train due to FOMO. Once they lose all their money they blame bitcoin and spread negative feedback scaring future investors.
December 02, 2019, 06:47:43 PM
I don't know why a lot of people are fond of these get rich quick kind of thing. As long as I'm making an income I feel is okay, I wouldn't bother too much.
It's just like some of my friends that are always looking for a means faster means of getting rich. None of them have agreed to invest in Bitcoin because I told them that there is no guarantee the price will go up and that bitcoin is risky, you can lose at anytime. They all thought at first that the price of Bitcoin keeps going up and there is nothing like loss, but since that's not it, they have decided to stay clear from it. Investing in Bitcoin is all about having patience and investing what you can afford to lose.
It's just like some of my friends that are always looking for a means faster means of getting rich. None of them have agreed to invest in Bitcoin because I told them that there is no guarantee the price will go up and that bitcoin is risky, you can lose at anytime. They all thought at first that the price of Bitcoin keeps going up and there is nothing like loss, but since that's not it, they have decided to stay clear from it. Investing in Bitcoin is all about having patience and investing what you can afford to lose.
They say they want to make money but their eyes go all big and oxygen fails to run to their head and they buy into the crap and start buying shitcoins will not purpose since they think they can just dump it during the pump that is apparently going to happen. No real investor gambles on such crap. This is a scam and like HYIP. They annoyed after they lose their money but they want the money right now so when good projects are around they don't pay attention because "the return is not good enough" I think that people like to lose their money.
November 27, 2019, 10:06:49 AM
Predicting the price of bitcoin is always a crazy game. Trading large leverage margin on Bitcoin is a challenge. As you said 10-20% returns are small in the crypto market but are great for longtime forex traders. I used to fomo and lost all the money I had. I should have had a real plan instead of all in.
November 27, 2019, 08:48:45 AM
Those shit coins are actually very risky to invest on, but I have seen people making profit from it. Those who get in first and also dumps first before anyone else are the ones that makes the maximum profit (usually the developers). Though the risk is never worth taking. You need to be extremely luck to make profit off them. But, don't even think of investing on those coins. All you will be doing is encouraging them and others to create more such pump and dump coins.
can be detected by filtering since the coin was pump & dump last time. Maybe it will never touch the same price again, but the percentage of pumps is not much different from before. the most important thing is not to participate when the hype arises, that's where they spread thousands of nets to eat lots of fish tempted by a sudden increase.
November 27, 2019, 07:19:17 AM
I don't know why a lot of people are fond of these get rich quick kind of thing. As long as I'm making an income I feel is okay, I wouldn't bother too much.
It's just like some of my friends that are always looking for a means faster means of getting rich. None of them have agreed to invest in Bitcoin because I told them that there is no guarantee the price will go up and that bitcoin is risky, you can lose at anytime. They all thought at first that the price of Bitcoin keeps going up and there is nothing like loss, but since that's not it, they have decided to stay clear from it. Investing in Bitcoin is all about having patience and investing what you can afford to lose.
It's just like some of my friends that are always looking for a means faster means of getting rich. None of them have agreed to invest in Bitcoin because I told them that there is no guarantee the price will go up and that bitcoin is risky, you can lose at anytime. They all thought at first that the price of Bitcoin keeps going up and there is nothing like loss, but since that's not it, they have decided to stay clear from it. Investing in Bitcoin is all about having patience and investing what you can afford to lose.
November 26, 2019, 03:07:19 PM
OP, I could not agree more. Many are looking to gain massively by investing in alts
Alts may have a greater chance of returning more profit on investment but there is no guarantee that many of these altcoins will not have phased out and become abandoned. Let's be careful in what we invest in to prevent misguided losses.
Alts may have a greater chance of returning more profit on investment but there is no guarantee that many of these altcoins will not have phased out and become abandoned. Let's be careful in what we invest in to prevent misguided losses.
November 26, 2019, 03:01:42 PM
Those shit coins are actually very risky to invest on, but I have seen people making profit from it. Those who get in first and also dumps first before anyone else are the ones that makes the maximum profit (usually the developers). Though the risk is never worth taking. You need to be extremely luck to make profit off them. But, don't even think of investing on those coins. All you will be doing is encouraging them and others to create more such pump and dump coins.
November 26, 2019, 02:02:57 PM
I see these Shitcoin pumpers as the wannabe early Bitcoiners, where they get in early and buy a bunch of coins for a very low price (even getting
some for free) and then hyping up the coin in the hope of making millions. The problem is, too many people are trying the same thing and this
strategy has become the norm now, so people are dumping it too quickly... before it can even make them a proper profit. One or two of these coins
manage to last a little bit longer than the rest and the price just stagnates for months. (no room for day traders to profit)
some for free) and then hyping up the coin in the hope of making millions. The problem is, too many people are trying the same thing and this
strategy has become the norm now, so people are dumping it too quickly... before it can even make them a proper profit. One or two of these coins
manage to last a little bit longer than the rest and the price just stagnates for months. (no room for day traders to profit)
November 26, 2019, 11:06:35 AM
Not only in the bitcoin we wil have a sure profit, but also in other reputable coins like litecoin, ethereum and many others that actually guarantee us that we will earn here in a long run. So when we stop investing in pumps and dump coins we can help ourselves to find the right ones to give us a safe income.
Pump and dump and just like gambling, when you bust and you don't sell it will definitely drop its price and you may be the victim here.
Pump and dump and just like gambling, when you bust and you don't sell it will definitely drop its price and you may be the victim here.
November 26, 2019, 09:00:27 AM
Why is everyone repeating Hodl! If bitcoin falls, I begin to worry that we will return to the trend of 6 and below. Doesn't statistics bother you? I still don’t understand whether it’s worth trying to understand trading or look for other ways to improve your crypto asset.
Holding means that it's good to hold for a certain period and sell when it's great time to do it. Now it's right time to buy, that's for sure, so calm down
Bitcoin price is so attractive. I believe that 2020 will be better than this year. You don't have to trade cryptocurrencies, so you don't have to use any of the cryptocurrency exchanges. Just buy bitcoin on the online cantors (like for example BuyCoinNow, credit/debit card is all you need to have), hold and be patient. This is the long-term investment. Jump to: