Why 6000% price growth in just 24 hour on AurumCoin (AU)?

nonbody

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Quote from: Thanasis on September 01, 2018, 03:29:06 AM

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange? Huh

In this case, do not invest, it is likely that large investors are controlling prices and attracting novice investors.

cryptonight9631

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Be careful when making investment on it. It can be just a fake pump to attract investors and scam them. And also if proven not a scam, do not invest on a coin that has already have a big up percentage, but buy those ones that are at the lowest.

lobo13hf

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Quote from: Olatunjex on September 06, 2018, 07:34:42 AM

Quote from: Thanasis on September 01, 2018, 03:29:06 AM

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange? Huh

Someone is trying to manipulate people to buy the shit coin it's unbelievable for a shit coin to have such increase within 24hrs, it is also possible a pump and dump group pumped it to have such increase.

That doesn't require a huge amount to pump the shitcoin, you can see this thing usually happen in the shitty exchange site. But it looks impossible to the pump group tried that. It has been pumping personally.
Pump group will aim the big market.

joseyphil82

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Activity: 742

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In this kind of market situation I don't expect any coin or token to achieve 6000% in price ,I suspect this is a huge pump by some groups of manipulators, any coins or tokens that works this way I stay away from them and aurum has low supply which will be a perfect easy pump coin

libert19

hero member

Activity: 2520

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LOL! Today i check the price and its 5 USD. Very low supply and due to very low volume it's very easy to pump shit coins.

wayaneka

full member

Activity: 644

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This coin only tradeable in 1 crypto exchange , just in Coinexcange so will be easy to pump and dump, avoid trade this kind of coin because you will loss alot of money and in that exchange did not provide feature of stop loss.

GmBoom

jr. member

Activity: 322

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You should consider visiting their telegram channel to know more about what happen. Because there can be some changes in the market from time to time. It can be a pump for a good news or a fake pump for manipulating purposes.

dabenko

member

Activity: 280

Merit: 11

Apart from the fact that it is a function of pump and dump, it is also obvious that, it is not a good time to get in, because it has over pump. Such can dump easily and those that are just buying at high price, might later sell cheaply, which means a dump.

Olatunjex

full member

Activity: 1064

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Quote from: Thanasis on September 01, 2018, 03:29:06 AM

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange? Huh

Someone is trying to manipulate people to buy the shit coin it's unbelievable for a shit coin to have such increase within 24hrs, it is also possible a pump and dump group pumped it to have such increase.

yunjia26

newbie

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I think it is very unreliable, just like crazy.

kyle999

jr. member

Activity: 475

Merit: 1

If you look it hard to believe it but I've really done so far in the huge profits of people in this investing scheme. But only when it comes to correct coin That's a big money you can earn.

Traderbtcc

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Quote from: Adriano2010 on September 05, 2018, 06:35:45 AM

This is just a pump in my opinion. Just wait and stay away from this kind of coins at this time. Anyway are lot of good projects here, just need some time to find.

Never mind. The price has gone back to the original position. I'm thinking someone mistakenly put in a very high price. Which caused the price to increase exponentially. The volume was tiny so no one was able to sell their stash at that price. It'll be quite unfortunate if someone did buy at that price. I don't get involved when a coin gets too volatile. Just to be on the safe side

kiemnhieutien

member

Activity: 490

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It's the pump game of big whales and after pump, the price will immediately drop down. It has been happened several times, whales use it to make profits. I don't pay attention to pump like this because when we realize it pumps, whales already get out.

Adriano2010

hero member

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This is just a pump in my opinion. Just wait and stay away from this kind of coins at this time. Anyway are lot of good projects here, just need some time to find.

MasternodeInvest

newbie

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Merit: 0

Quote from: coinlocket$ on September 04, 2018, 06:47:10 PM

Those are dump to attract newbie of the market, you always need to look at the volume of the coin, now the coin is back to shitty volume.
https://puu.sh/BpOtT/5142159d5d.png

This happens several times at month for several coins, be care and don't be scammed.

right!!! dont be scammed!!!

coinlocket$

legendary

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Those are dump to attract newbie of the market, you always need to look at the volume of the coin, now the coin is back to shitty volume.

This happens several times at month for several coins, be care and don't be scammed.

Pffrt

sr. member

Activity: 1372

Merit: 322

It's a clear pumping from a/group of person. You can see the maximum supply is lower. Anyone with a little money xan easily pump such a coin.

MasternodeInvest

newbie

Activity: 315

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yes... with only 5000$ of 24h volume... it's a pump... and someone will fall into!!!! STAY ALLERT!!!!!

obility

newbie

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Is that for real ? or some sort of manipulation? I rush to the coinmarketcap to see the coin and the coin is already in lost, who can explain what actually happened to the price of the coin that very day?

elosi

newbie

Activity: 182

Merit: 0

That's so surprising, I guess maybe there was a mix up somewhere, I don't really know about the coin or heard of it before, so i believe the price will be in an error and it's not a real price, and I believe they would have corrected it already.

Topic: Why 6000% price growth in just 24 hour on AurumCoin (AU)? (Read 530 times)