Trade Bitcoin - AVOID "Get Rich Quick" Shit Coin Pump and Dump - page 3.

CarnagexD

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Quote from: Artemis3 on November 16, 2019, 07:26:00 PM

Quote from: cryptozink on November 16, 2019, 01:00:28 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.

Or you can wait it out, earn less than trading, but not "lose" as you say. Because, you never lose unless you sell, and if price plummets, all you have to do is wait and you won't lose a thing.

Common misconception about trading is that they always put a time span whenever they sell and it tends to lose. You can't put aside the greed on every FOMO type of trader, and most of them are here always asking what they have done wrong for losing.

Quote from: Artemis3 on November 16, 2019, 07:26:00 PM

Not everyone is a trader, and holding is a perfectly valid strategy to preserve value when possessing a deflationary coin. Can you earn more by trade? Yes, but you are risking it more as well.

I've been a trader for a couple of years now, and risking by trading means maximizing the potential gain from your side which I enjoy so much. Hold is just for 'big time' coins like bitcoin and ethereum since it has a one time pump phase. There are worth to mention alternative coins which is litecoin and monero that I enjoy trading these past few months, they are wavy and challenging to play.

Quote from: Artemis3 on November 16, 2019, 07:26:00 PM

Leaving the coins in a cold wallet and look at it next few years from now works fine as well.

I do have my saved bitcoin (almost a quarter) and ethereumon my trezor, I put it a year from now for my financial security as well as volatile investment. Who knows what could be its value after 5 years or a decade. Thus I have my bitcoin ready to sell on binance.

RussiaUkraineTranslation

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Devils advocate here. It appears easier to get rich trading erc-20's on an exchange like ecxx than to swing trade Bitcoin for 2% gains. I have seen wallets with millions of dollars of crypto earned from executing this strategy. You only need one erc-20 like LINK to make it big. To balance your portfolio, hold 50% BTC. I personally hold 100% Bitcoin, it's the king, but this is a strategy for those who are willing to take on more risk.

Baby Dragon

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Thats a good advice in general. There are not so much ways of getting reach fast but a lot of ways of getting scammed fast

Indeed, it actually depends on the person itself if he/she wanted to get scammed particularly these days that scammers are using different techniques and strategies to deceive others just to get the benefits they wanted. It will never be easy to be rich, you will face a lot of challenges and it's up to you if you are going to handle it well. Just like any other people I have also experienced investing in some coins and now I just feel remorse about it because it is not worth it and my funds are just wasted for nothing. I have realized a lot of things after that and I just learned from it.

michellee

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People who cannot analyze with the right will get the shit coin at the highest price. They will not have a chance to sell at a higher price in a short time, and that will make them hold for a very long time. But sometimes, the shit coin can give us a profit if we know how we should treat the coin.

You should not think about getting rich in one night in cryptocurrency because if you cannot analyze everything, you will not make a profit. If you are afraid to get stuck at a higher price with the shitcoin, then you should not invest or buy the coin, especially if the coin has started to increase. You will lose the opportunity to buy and sell the coin if you don't have a better internet connection because the pump and dump will need a fast move of the internet connection.

So be careful if you want to buy any coin at the market, make sure you analyze, or you can purchase bitcoin only because the only bitcoin will give you the real profit in the future.

samuraijin

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Quote from: cryptozink on November 16, 2019, 01:00:28 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.

I've seen some Altcoins go up in a short time and I know it's the work of the Pump and Dump group, if I'm not mistaken their group was previously active on the bittrex exchange since 2016, but after a few years later I don't see the pump and dump group anymore, are they still alive today or not, so what is their current target market do they still have the capital to do that now?
I was trapped in buying expensive Altcoin at that time and ended up selling cheap

barabarian1

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Quote from: cryptozink on November 16, 2019, 01:00:28 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.

You are right I also don't believe in new coins. I twice invested in coins turned out to both be shitcoin. it's better to invest in bitcoin. but I also still believe in old altcoins like ripple, litecoin and ethereum. Even though the altcoin market is experiencing a decline I still believe in the altcoin that I hold. I am optimistic when bitcoin goes to the moon and the coins I hold will also increase. but of course my main investment is bitcoin.

Kyraishi

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Quote from: cryptozink on November 16, 2019, 01:00:28 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.

Yep, the way most of these works will involve someone randomly shilling and then organizing a group of people that are willing to pump a coin up 50% or so of the current price, but oftentimes they own a large amount of the shitcoin already.

This results in 2 scenarios, where you are basically all helping this single investor who works or has a large share in a coin earn a shit ton of money, OR

You are likely going to get the prices up, and then the person who undercuts everyone (say they sell at 20%), fucks everyone over.

Eugenar

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Quote from: gabbie2010 on November 16, 2019, 10:25:46 PM

Traders and investors are becoming wise now and getting cautious about this pump and dump shitcoins invariably knowing that it is a ploy targeted at newbies, investors are now aware that bitcoin and ethereum are probably the most stable coins in the cryptosphere now thus invested in them 'buying low and selling high' is the simple logic that require some learning to trade these coins and become profitable.

I highly disagree with the concept of bitcoin and ethereum being the most stable coin in the cryptocurrency space. This is quite risky to believe for newbies in the market because if they invest in bitcoin and ethereum knowing that it is stable, they will just panic sell when bitcoins market price suddenly fell down. In this case, a complete opposite description of these cryptos is appropriate. Bitcoin and Ethereum are most volatile cryptocurrency.

carlisle1

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Quote from: cryptozink on November 16, 2019, 01:00:28 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.

though people already knew these tactics from whales/manipulators still they are trying their luck.
because in some scenarios there are still getting the chance of buying before the pump happens so when the manipulators press the key these people sell the currencies and instant profit,the problem is there are more losers than the winners yet nothing can stop them.

this will never stop as long as there are bunch of "willing victims" around.

shoreno

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some people can earn on sh*tcoins if they know how to timed thier moves , and who do you think iniated the pump ? the investors also because they are the ones that buys the coin . some people will buy the coin much more when they see that its pumping because they expect that they can earn more thru it when it pumped higher . i agree on the title that btc is the one that we must get instead of this quick pump and dump coin because they are only come and go. they cant provide any long term benefits on the crypto space not unlike to btc that its still there before and up to now or up to the future

gabbie2010

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Traders and investors are becoming wise now and getting cautious about this pump and dump shitcoins invariably knowing that it is a ploy targeted at newbies, investors are now aware that bitcoin and ethereum are probably the most stable coins in the cryptosphere now thus invested in them 'buying low and selling high' is the simple logic that require some learning to trade these coins and become profitable.

cryptozink

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A lot of those coins never come back. Not all coins worth holding.

Quote from: Artemis3 on November 16, 2019, 07:26:00 PM

Quote from: cryptozink on November 16, 2019, 01:00:28 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.

Or you can wait it out, earn less than trading, but not "lose" as you say. Because, you never lose unless you sell, and if price plummets, all you have to do is wait and you won't lose a thing.

Not everyone is a trader, and holding is a perfectly valid strategy to preserve value when possessing a deflationary coin. Can you earn more by trade? Yes, but you are risking it more as well.

Leaving the coins in a cold wallet and look at it next few years from now works fine as well.

Shasha80

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The classic problem that keeps repeating in the cryptocurrency world is that there are many newbies who follow the pump and dump signals
that promises to be able to make a profit instantly. By buying a few shitcoins, and ultimately causing loss. This all starts from the lazy person
to do the analysis of coins to be bought, then can not wait want to make a profit in a short time. These two factors make people unable to
think smart and rational. I better buy the bitcoin or popular altcoins to get profit that might be obtained in the long run. Instead of making a
profit in a short time by buying shitcoins, which can end up suffering losses.

Artemis3

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Quote from: cryptozink on November 16, 2019, 01:00:28 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.

Or you can wait it out, earn less than trading, but not "lose" as you say. Because, you never lose unless you sell, and if price plummets, all you have to do is wait and you won't lose a thing.

Not everyone is a trader, and holding is a perfectly valid strategy to preserve value when possessing a deflationary coin. Can you earn more by trade? Yes, but you are risking it more as well.

Leaving the coins in a cold wallet and look at it next few years from now works fine as well.

BlackFor3st

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Quote from: cryptozink on November 16, 2019, 01:00:28 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.

This is the big problem in crypto society right now as there are plenty of groups around there that are doing this kind of technique. They are very good in pumping and once they get the buy orders, they will just dump it easily and the victims will lost their money.

It should be address to the newbies, as most of the victims in this kind of technique are them especially that most of the newbies didn't know this kind of happenings "Pump and Dump".

AjithBtc

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Ico's and hype schemes serve to create bad image to the cryptocurrency, but we also need to agree that there people who have benefited investing on shitcoins. This is all associated with the luck. Just think of the year 2017, what we say as a shitcoin now were regarded good ones. This is all because of the market, maybe if those days comes again we might be able to profit out of shitcoins that are worth big in the past.

cryptozink

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ICOs are the scums of cryptocurrency

Quote from: joinfree on November 16, 2019, 09:31:08 AM

I can't disagree with you on that mate... I can share so many experiences where i run at a huge loss upon investing into some of the ICOs that were launched into this space. However my investments in Bitcoin has never disappointed me. I always make decent amount of profits anytime i buy into it when the market dips and hold till it rises again. Bitcoin is a sure bet to a profit gained investment, all you need to do is to be patient and stay off the market charts all day.

cryptozink

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A lot of newbies here people are getting rich overnight from bitcoin and they want to get rich too.

Quote from: bhabygrim on November 16, 2019, 06:27:04 AM

Quote from: cryptozink on November 16, 2019, 01:00:28 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 question here is why would they even buy some random shitcoin that is being pump without a good reason?
I think most of the people who does it are the newbie's who really believed in some random signal group that tells them to buy this shit coin and dump at a certain point.
There is no way an old trader would fall for this kind of thing because they are aware of this kind of tactics and know too well that this kind of pump would usually crash after it hits a certain point and it is too risky.

Genemind

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That's the reason why we have to be smarter and wiser not to believe in scammers and Ponzi schemes. We should deal with the market changes and we must not believe in Fomos. Sometimes, we're easily hooked and attracted to too good to be true promises. We must observe the market ourselves and take advantage of every market situation based on our own knowledge.

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Quote from: cryptozink on November 16, 2019, 01:00:28 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.

I think that I have to agree with you. These scammers are getting out of hand, and pocket. The schemes that they keeping coming up with are getting more sly by the day. A lot of projects are just a bunch of copy cat clones that offer little to no real innovations. I try to avoid scammy sounding projects at all cost.

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