Who bought pumping coins? - page 2. | Bitcointalksearch.org

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: micoholic on January 23, 2018, 10:02:40 AM

Quote from: davis196 on January 23, 2018, 08:23:48 AM

Quote from: anobtc on January 23, 2018, 08:15:18 AM

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

You are asking a kinda pointless question.
There are many investors focused only on penny altcoins that are often pumped and dumped.
If there were no penny altcoin investors,the pump&dump method won`t work and no P&D groups would survive.Those investors don`t care about the "trash" altcoins.They care only about the short term profits.

Due to your post, my interest in finding a legit pump and dump group intensifies, Grin

Goodluck finding one.

Quote from: micoholic on January 23, 2018, 10:02:40 AM

From the way your post sounds, I feel like, P and D could generate big profits. Come to think about it, why there are still a lot of people focusing on penny Alts?

Yes, there are investors, more likely casual investors who's putting their money on penny alts.

Quote from: micoholic on January 23, 2018, 10:02:40 AM

1. Can hoard a lot of coins from a small amount of capital

Exactly, that's the point. Your small capital can buy loads of shitcoins.

Quote from: micoholic on January 23, 2018, 10:02:40 AM

2. Once its value spikes up, more investors will come in. Hence, another increase of its value

Yes, when the price spikes up, your investment will obviously grows.

Quote from: micoholic on January 23, 2018, 10:02:40 AM

3. Easy to exit in just a short period of time

Yes, as long as you are not greedy, You can exit anytime to what. The catch is, there are small traders who wish to hold further because they think that the price could still go up. Unfortunately, it doesn't work because the market is very unstable, the price could go down in a blink of an eye.

Quote from: micoholic on January 23, 2018, 10:02:40 AM

And I believe that this is doable even if you are just trading alone. Monitor the market or have yourself a working bot that could work where the coin is listed (i.e. Polo, Bittrex, Binance, etc.)

Its really doable, but it's not easy as it sounds. Too risky specially if you are a newbie trader.

FrueGreads

legendary

Activity: 1582

Merit: 1059

You should not trust these groups, because like it has been said, no one knows how far the price will be able to go. They do announce the pump to a big group, and the coin does start pumping. The problem is that they usually have more than one group, and they start selling while they keep announcing that the coin is pumping. This way they make sure that they are able to sell their coins, after the first pump has been made. So the admins of those groups do manage to get big profit, and the first group also managed to get some profit, but the second group, that was informed of the pump, only worked as an exit point for the admins and first group, and will be the ones probably losing money.

micoholic

newbie

Activity: 56

Merit: 0

Quote from: davis196 on January 23, 2018, 08:23:48 AM

Quote from: anobtc on January 23, 2018, 08:15:18 AM

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

You are asking a kinda pointless question.
There are many investors focused only on penny altcoins that are often pumped and dumped.
If there were no penny altcoin investors,the pump&dump method won`t work and no P&D groups would survive.Those investors don`t care about the "trash" altcoins.They care only about the short term profits.

Due to your post, my interest in finding a legit pump and dump group intensifies, Grin

From the way your post sounds, I feel like, P and D could generate big profits. Come to think about it, why there are still a lot of people focusing on penny Alts?

1. Can hoard a lot of coins from a small amount of capital

2. Once its value spikes up, more investors will come in. Hence, another increase of its value

3. Easy to exit in just a short period of time

And I believe that this is doable even if you are just trading alone. Monitor the market or have yourself a working bot that could work where the coin is listed (i.e. Polo, Bittrex, Binance, etc.)

X-ray

hero member

Activity: 2996

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: anobtc on January 23, 2018, 08:15:18 AM

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

Remember they are making others feel panic, and the fact that if you are seeing about if the pump will be happened a the whole of people in the exchange site will be scared to miss it and then they are rushing to buy it asap to take the advantage to sell at the top, but they are totally wrong because the pumpers will try to liquidity all of the token again. They are selling for themself.

QB Horse

member

Activity: 224

Merit: 28

So many new P&D groups start each week, it's insane! These do no good to the crypto space.

MiiDoViic

full member

Activity: 308

Merit: 119

Quote from: anobtc on January 23, 2018, 08:15:18 AM

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

When ever there's a pump there will be news going all over around about how that coin is a great coin and how it's going to keep going to the moon . So obviously you will have people who are following the hype and trying to jump in before it's too late . Those are the people who will buy the pump . Then after the coin start dipping a little bit ,there will be people who buy also thinking it's a good time to get in (buying the fake dip). That's how easy the p&d groups fool traders. This is a better explanatory video : https://www.youtube.com/watch?v=QxkvbaCTELQ

BobBct

sr. member

Activity: 616

Merit: 250

Some coins is still good to buy even if it's pumping but there's a higher risk of you loosing money rather than buying it in a dip, but it's still a risk every trade is a risk mind you that.

anobtc

member

Activity: 1176

Merit: 12

Vietnamese Translator™ https://goo.gl/7inMji

Quote from: SrEasts on January 23, 2018, 08:25:27 AM

It's not about "who is going to buy pumped coins". Basically this groups announce a coin and then suddenly everyone will start buying the coin. The problem here is that no one knows the maximum price the coin will be able to reach... therefore some people enter the pump movement late thinking the coin will still go much higher and then suddenly some of the pumpers start dumping and those who started buying late will buy the coins from the ones who are trying to get rid of them already...

Hmm, so i it because of peoples who try chasing the "green candles" and human greed Cheesy

I always remember my rule: "the time to buy is when there's blood in the streets", so i think it isn't difficult, but i see many people seem to lack patience Grin

SrEasts

member

Activity: 112

Merit: 12

Aida Service

It's not about "who is going to buy pumped coins". Basically this groups announce a coin and then suddenly everyone will start buying the coin. The problem here is that no one knows the maximum price the coin will be able to reach... therefore some people enter the pump movement late thinking the coin will still go much higher and then suddenly some of the pumpers start dumping and those who started buying late will buy the coins from the ones who are trying to get rid of them already...

davis196

hero member

Activity: 3094

Merit: 929

Quote from: anobtc on January 23, 2018, 08:15:18 AM

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

You are asking a kinda pointless question.
There are many investors focused only on penny altcoins that are often pumped and dumped.
If there were no penny altcoin investors,the pump&dump method won`t work and no P&D groups would survive.Those investors don`t care about the "trash" altcoins.They care only about the short term profits.

anobtc

member

Activity: 1176

Merit: 12

Vietnamese Translator™ https://goo.gl/7inMji

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

Topic: Who bought pumping coins? - page 2. (Read 240 times)