Bitcoin Forum

Here it is... the new PDC (The Pump And Dump coin!)

Well, not really, or is it?  Actually, I think most of the new altcoins (and many of the old ones) are purely Pump and Dump, what do you think?

After all, you make a coin, mine it like crazy right when it comes out (you don't even have to pre-mine it!) at low difficulty during a week or 2, get a few thousand coins, and hope for the exchanges to take them under their wings, and the value to spike.  Then you slowly dump for dozens/hundreds of BTC, and retire when it's drained of any value (diff. too high, etc).  Finally, you start another alt-coins.

Find a nice story to introduce a coin, something apparently new, but questionable...

You can even change the algorithm, so people have to code a new miner or modify an existing one, just to give you a few extra days on the edge.

What do you think about those altcoins-crazyness?

so...is this thread just bashing alt coins
or is there a actual coin i can mine?

Probably the most useful post you've ever made.

And unfortunately we know your welfare checks don't pay out in BTC, so you're obviously trolling.

For a week or two? You mine it for a minute or two after release and get half the coin.



No it's a real coin. The OP is pre-mining it as we speak.

Sounds like a great new Jokecoin ;D

Is there a pool yet?

....except the number of posts underneath your id says 122...

You're obviously so good at math, that's why you predicted FTC would be such a success and it gained +500% afterwards right? (Like you're doing with other alts now)
Oh no, wait, you were trolling and calling it a scamcoin also.
You sat there and preached to the community how much of a scam it was, then it gained +500% value, and then you went back and deleted your posts LOL.

Back to the guv'ment check line for you, scrub.

Some are pump and dump, and some offer innovation.  Don't put them all in the same group. 

+100

New joke thread every day.. bored.

That dude is a troll. Just ignore him like all of us have. :)

Yes, you can mine them, just choose half of the altcoins in circulation!

I'm not putting it all under the same flag.  Of course, there are innovations, like LTC.  But some of them, especially lately, are mostly pump and dump I'm sure of it :)

I won't name any coins, but I'm sure you know which one they are.

And, the biggest problem is that it's like those annoying ads.  Everyone is bashing them, having something to say, but it's there because it work!  People jump in.  I'm not blaming anyone here, and sure, there is a lot of money to do for the first adopters, and many of those coins get their finest hours one day or another.

Damn I wish I had hoarded those Freicoins a little longer.  Had mined like 30~40K a months or 2 ago...  Would have been worth a few thousand bucks by now!  Well, the thing is that you never know.

As a newcomer to the forum I find it necessary to add that pump and dump goes on almost on a daily basis on all the top ten (or twenty) futures, stocks, commodities exchanges of the world. Most traders in those exchanges are fully aware of pump and dump and its reverse dump & pump. I guess this is not a new phenomenon.

Regards

Such activity affects all the crypto-currency market. Because of it, fear, uncertainty and doubts that prevent investors from working are amplified. They are not protected at this moment. The overwhelming majority of beginning investors at least once faced this type of manipulation. Most often this has a negative financial impact on them. If we want trade in the crypto currency market to flourish, then we need to unite in the fight against manipulating groups.

Particular care should be taken in relation to very cheap coins with low capitalization - they are the easiest to manipulate. In addition, it is worth paying attention to the young tokens, ICO-campaigns which have recently come to an end. Statistics show that every 10 such coin will be used for P & D