Bitcoin Forum

Not to sure how many people played runescape, but I remember that groups of players would create merching clans. Players would buy and sell all at the same time, influencing the price of an item. In theory this could be done with crypto currencies couldn't it? If a group of people with a large enough volume bought and sold alt coins all at the same time, could they influence the price?

Oh yes. There've been numerous pump groups. Some charge a subscription and others have been more casual. There probably aren't too many alts that haven't been meddled with by them.

Yes this could influence the price directly as I red somewhere here on the forum (can't find the thread)...But it all depends on what price they buy and sell the coins as to see the impact of fluctuating the value of each coin

Yes i was in a clan a few years ago called smoking mills they pumped and dumped all the time.

If you are interested in joining these type of illegal groups, you should find your way to the altcoin forums.

There must be atleast 10 groups active at the moment, though, not all of them are making a profit / successfully manipulating the markets.

Most have a joining fee of a couple of bitcoins as well.

those pump grouop are more present in the alt coin scene, like "fairpump" and akin, but they don't seems to manipulate so much the market

i've followed one and they seems to do a soft pump and maybe waiting for fish to increase the price even further...

So is it illegal?
I think for some group who play big on both BTC or ALTcoin market is not illegal.
Because when they want to make price down, some people can always buying on them.
And when they want to make price high (this is usually happen) some people will sell more higher than them.

The suck thing is when they controlled in long period. Sell all their coin from
Ex:
1
1.1
1.2
1.3
1.4
1.5
1.7
2.1 (surely they will buy everything people sell until their run off the money).

OP, of course it's possible. This is happening in Stock Exchanges all over the world where this is even forbidden by the law and not that this won't be happening on the small crypto markets where exist no law at all, no prosecution and you can do it from your warm home and in your sofa.

Until there are humans there will be speculation and exploiters of any markets, remember this.

Nah. It's not illegal. There's no regulation telling anyone what they can and can't do with crypto markets. If they ever are regulated like stock markets then that's going to break a few hearts as what our pet market monsters regard as legit tactics would send them straight to a federal tennis club to do some prison time.

worked with rs because you could spend $100 or no life a couple of weekends to make enough gp to take part, yes im sure these groups exist around btc but they aren't for the likes of us, alts are your best bet as someone else said