Bitcoin Forum

Could the last hours increase in volume of the Gambit coin (GAM) be a pump and dump scheme in action? Is this normaly a smart thing to jump on if you "get in early"?

If you wanna take advantage of a pump and dump be quick to sell out again... you never know when the big whales are gonna sell

It should be a signal, But i think that will no so far from the pnd coin. As you can see the only exchange site which already listed the gambit is only bittrex. And the volume are not showing decent value for day trade.
Just like a bitsend the movement is predictable at all. If you are wanna playing with it.

Gambit has a real life use case for the dev telegram business. I wouldn't stack it for long term if I were you

you do not have to worry because the rapid rise and drop is the ordinary thing.
maybe you just need to play in some altcoin so you do not focus too much on one coin that is not so good.

the altcoin market seems to be red right now, just looking forward to what will happen after this novemeber Fork. Gambit doesnt have much volume though in terms of trade, but i think there are prospects here if you ask me.

I think yes its a pump and Dump coin i will not trade this coin. Big risk for small sized accounts.
If you are a big whale then you can profit from this coin too.

If they really pushing the price without the reason than maybe the only way to trade here is to buy coin as a short term investments. With a time this pump will be over drained and the collapse is unavoidable.