Bitcoin Forum

Lets just stick to the terms rising and correcting. Getting so sick of every time a coin is in the red everyone's yelling dump and vise versa. A pump and dump should be a instant rise and the fall back to even or less then it was in a span of like 10 minutes. Just because a coin has 3x in the last 2 weeks and is now down 20% from the high doesn't mean its a pump and dump. Fucking newbs i tell ya. Corrections are a healthy thing. Crying dump every time a coins red just makes you look like a giant knob IMO

You cant really blame those people because there are really cry babies on this trading world and you do have some point. If a price pumped up 2-3x on its original price then sudden decrease on 20% isn't really a big matter but there are people who would really react on such thing specially to those people who did bought on those peak prices this is why they would normally make comments or reactions on that price movement.

That's not what a pump and dump is.  A pump and dump involves artificially inflating the price and increasing hype so that people continue buying, after which you sell your crypto.

For example, NEO had a pump and dump because people were posting about buying it on completely unrelated threads and suggesting that it will go to outrageous prices extremely soon.  This was most likely artificial hype and the price went up far too high.

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Considering that many coins have very little purpose other than a bit of hype and the ability to be pumped and dumped, it's fair enough to use those terms in a lot of situations.

In my own obsevation, it is called as such because CEO's can control the price if its available. Increase of deflate or other term would require correlation of different stocks depending on its supply and demand. Although the same concept i could see why it was named pump and dump. To be clarified about the things that are happening in to coin market. That coin market does not always go with the flow of the world economy but rather on how much they would give or retract.

Many actually say bad things because their definition is when a Altcoins Dump falls and the Pump goes up. Which is wrong because the real pump & dump is high enough and it also crashes quickly. And because that's another person's teaching so they're stocks of knowledge that's really wrong. We do not want them to blame because they are just novices. It is better to teach them to develop the world of btc

this is only true if the price rises and corrects not when it rises and drops hard.
for example if price goes from 0.01 to 0.02 and drops to 0.018 and after a while rises again, that is a correction and then a rise.
but what happens in reality is that price rises from 0.01 to 0.02 and then drops down to 0.018, newbs rush to buy, then it drops lower to 0.015 and more news rush to buy and it drops lower to 0.012 and eventually 0.01 and 0.009 and lower.

this is a pump and dump. the pump only takes a short time while the dump is longer because of the newbs and short term traders taking advantage.

because it is true in 99% of the altcoins

no, the drop (as i explained above) is always slower. i can show it to you on charts if you like but i think you can see easily it if you look yourself too.

To me, this is not a problem of definition. This is a problem of negative effect. When they generate major price fluctuations, this damages regular users. Majority of them lose their assets and money. On the other hand, no need to blame like you mentioned.

There are also few coins which get pumped over 100% overnight and get over 100% down next day but it is also true that few top trading coins can't get dumped more than 10 to 20% a day. But if it keep dumping for more than a day just like the way ripple was dumped from all the way from over 15k satoshi to under 5k in series of dumps of 10% for a month than we can easily loss over half of our money with such correction/dump.

People are just creating FUD every time a coin does drop a few % in a short time span, that is why they all cry "dump" and after crying "dump" they call "pump" on the coins they own. Practically they all just have their own hidden agenda for doing it. Well some of them just are ignorant to what it truly is. Anyway, sometimes it is really dumping to be honest not just mere corrections. Especially from those shitcoins that are trading just for purposes of pumps and dumps.

What you have suggested is good but its just a change of name without any change in the way we others view it and this happen the moment you see either price rising or crashing without understand the basis for that. So, we look for Answers ourselves and gave it that name that is appropriate at the time.

Usually you're right.  The kind of pump and dump the OP is talking about is the super fast one, like a backwards "flash crash".  

Examples of that kind of pump and dump happen on this coin (https://coinmarketcap.com/assets/veritaseum/).

However,  the OP does not understand that markets do not move naturally by that much in a few weeks unless there is a very dramatic fundamental change in the asset which causes that.

It doesn't matter whether a pump and dump takes ten minutes or a month, the effect is still the same - a lot of newbies getting caught up and buying at inflated prices, and a few whales manipulating them with fake hype about the coin to take their money.

We can stop calling it pump and dump for almost all the coins but we cannot deny that is their behavior and they are all pump and dump because the market is decentralized and it is only depending on the demand of the people and the demand of the people are depending to their emotion so that is why there is pump and dump but it is better to call it rising and correcting just like what you stated.

i storngly agreee that many people caling it like that but the thing is crypto currency inflates and we cannot deny that it is actually happens ....
thats why they calling it like that.. its not a bad thing :)

It's just a term as long as we understand what it neans then it will be fine. I have read here that pump-dump seens like a game in crypto world.  And it quite means like that anyway. It's much easy to use dump pump too.

NO, we will continue calling them as pump and dumps as long as they are really pump and dumps. it is a well deserved name for what they really are.

and i suggest you try to not get emotional in this altcoin market and start thinking more clearly if you want profit not bags of coins which keep getting less and less valuable. as a matter of fact the way OP is thinking is one of the reasons why the dumping phase is always prolonged. people think it is not a pump and dump each time and fall for it and that will create the resistance that prevents the sharper drop.

Call spade a spade

Oh it's knob city here.  They hear a term and just regurgitate it like
it was a college psych exam.  Yep, correction is a fine term and is way
underutilized.   But though I agree, I don't think the knobs here are
ready for logic and/or financial eloquence.  Hopefully some will listen to this.

That's how it goes, when someone gets to used on using such term they will just use it all over again I prefer dumpand pump calling than increasing decreasing words. It's all over the forum ,let them used what they want to use as long as it make sense.

better to move around the forum and really understand the drill why those who understand trading call this coin a pumped and dumped project as they really exist not only with small exchange but also from the bigger one, there's a sort of small group who always playing with a small volume coins and allow their group members to buy so the coin will pumped and after that if they seen that there's already some newcomers that buying the same coin they will simply just dumped it so we can't avoid this term being used OP. just for my own way of sorting it out.

For me its yes much better to say pump and dump much profitable and for me there is no such a wrong thing not to say that word its just an emotion of the way they say that pump and dump.

But that's what the vast majority of these cryptocurrencies are. The reason is simple, most of them do not have any real use-case, besides speculation, of course. Even Bitcoin was considered a pump and dump in its early days, until people finally realized that it is useful for something.

I think you are right. Bitcoins have been called in pumps and dumps and people didn’t like it at that time. After revelation of the fact that this is the beauty of bitcoin and people are so impressed by this all. Other crypto are not of use, except someone as the bitcoin is only more spreading over the international market.