Topic: Would investing into an altcoin pump it's value? (Read 1125 times)
Yes, you would increase the price, but no one assures that you would be able to sell all you have accumulated at a higher price. Buying large quantities increase the price but when you have to actually sell, there could be no one willing to buy and thus the price would plummet.
Alright yes price increase is possible but this is one of the dumbest thing a trader can ever do. Let's just say you invest in some coin and price increases by few dollars if there aren't any buy orders you will end having a coin of high value but no buyers are there.
Okay, so if I were to start a mailing list and get 500 people to put 10$ into a scamcoin and then dump it a week later that would work or is that a loss of money waiting to happen?
Did I just steal OP's idea?
Did I just steal OP's idea?
that is how the pump groups work actually. the buy the coin cheap themselves first and then start telling their sheep followers to buy that coin (and it really doesn't matter which coin). then the sheeps start following the wolf and the wolf kicks them one by one into the valley of death as he dumps the coin he bought cheap on their head and they keep losing money.
Okay, so if I were to start a mailing list and get 500 people to put 10$ into a scamcoin and then dump it a week later that would work or is that a loss of money waiting to happen?
Did I just steal OP's idea?
Did I just steal OP's idea?
that is how the pump groups work actually. the buy the coin cheap themselves first and then start telling their sheep followers to buy that coin (and it really doesn't matter which coin). then the sheeps start following the wolf and the wolf kicks them one by one into the valley of death as he dumps the coin he bought cheap on their head and they keep losing money.
That's pretty much how 99.99999% of ICOs work as well. YoBit thrives on ICOs and has a new one almost daily. You have to roll the dice and risk it with those to be quick enough on the draw to grab up as many ICO coins as possible within the first few minutes of the release (insiders have it best) and then dump them immediately back onto the exchange for a much higher price where the noobs are waiting to throw away their money. It's fun to watch.
Okay, so if I were to start a mailing list and get 500 people to put 10$ into a scamcoin and then dump it a week later that would work or is that a loss of money waiting to happen?
Did I just steal OP's idea?
Did I just steal OP's idea?
that is how the pump groups work actually. the buy the coin cheap themselves first and then start telling their sheep followers to buy that coin (and it really doesn't matter which coin). then the sheeps start following the wolf and the wolf kicks them one by one into the valley of death as he dumps the coin he bought cheap on their head and they keep losing money.
Alright, forgive me if this is a dumb question, but I'm not too experienced when it comes to day trading.
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
Actually even small altcoins need much more than $1k for a pump and it is not so easy to convince hundreds of people to invest $10 in an unknown coin because most people even with a bit of trading experience know that the chances of making profit are very small. You have to react in minutes if the dumping has started otherwise you will lose your money most likely.
Alright, forgive me if this is a dumb question, but I'm not too experienced when it comes to day trading.
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
to me you are right. What moved an assets price is volume in a particular direction. If many people are buying and few people are selling the assets (altcoin) will definitely increased in values and if those people on buying position sell their position off their will make little profit. So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
Okay, so if I were to start a mailing list and get 500 people to put 10$ into a scamcoin and then dump it a week later that would work or is that a loss of money waiting to happen?
Did I just steal OP's idea?
Did I just steal OP's idea?
Alright, forgive me if this is a dumb question, but I'm not too experienced when it comes to day trading.
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
as my top comment said, it is about the supply and demand.
look at the orderbooks to get some feeling of how much money is needed to push the price up. for example for some altcoins that are big it is about 50BTC to push the price up less than 5%.
but for some it cane even be 0.1BTC to push the price up 50%.
after seeing the orderbook remember than not everything can be seen in already open orders. there are bots using the exchange API or using features inside the platform itself that will trigger when the price moves (up or down) and they come in for sell or buy respectively and that will also mean some resistance.
Alright, forgive me if this is a dumb question, but I'm not too experienced when it comes to day trading.
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
It all depends upon the supply and demand of the coin,if you have more buyers and sellers then you would see a pump in the coin and it is the case with everything in commerce and trade,if there is a demand the price would rise and when the investors want to book a profit then they will dump the coins thereby decreasing the value. So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
Alright, forgive me if this is a dumb question, but I'm not too experienced when it comes to day trading.
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
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