Bitcoin Forum

So i had an idea with really no know how on if it could work or how to implement it but here goes. I have been trading on BTC-e and i see that all the markets are controlled by large coin holders they pump and dump leaving the little guys screwed. So what if a large group of  us little guys got together and formed a Pump and dump collective and took the power out of the few large coin holders hands? could this work? Would it be profitable? How would we go about forming and controlling our group? Flame away.... ;)

That works until one member realizes they can profit more by front running all your moves and bankrupts you all.

Means you will not be able to control the crowd. The single big coin holders can move the market on their own.. If you wanted to do it as a group, you need super trusted partners. And it's not even guaranteed to work!

Depends on the markets, perhaps this is better moved to the alternative coin area as Bitcoin whales are going to be impossible to overcome.

For Litecoin I know that a handful of people control 30% of all Litecoins. If we want to overcome this force we need to have at least 3,000,000 Litecoins between the group. If we can not muster even 40% of this sum we better just give up now.

Also this would require trust between perhaps a thousand people, trust that one does not screw all the others.

What if we dumped the funds into one huge pool and a few people controlled the next moves by votes?
There has to be something that would work. It can't be all Doom and gloom.

Everyone will take a turn being dumped on ?

The simple way to avoid pump and dump is to not be there, that goes for any sort of fight, speculation is pretty dangerous if you're playing with a lot of cash and don't have a lot of experience doing it, I wouldn't recommend going anywhere near it until you've at least studied how to read the candlestick charts properly and even then there's no guarantee you'll make a profit.

All I can recommend is that if you do want to go into this the best thing to do is get into it when the prices are so low that it won't matter how much they mess with the prices, that said, this appears to be the same problem we had with Bitcoin. A lot of people were complaining about this but eventually as more and more people moved in the people with the huge chunks of cash hardly mattered anymore, I suspect that will be what will happen with the alternate currencies as well as people find the niche they like. I'm no experienced trader though but that's just what I've seen happen from looking at the the way the markets have been moving, I wouldn't run around panicking just yet, people had the same attitudes about ASIC's and 51% attacks or the government buying out Bitcoin ( lol :D ) and nothing has really happened.

What do you think mtgox is doing?

Good Advise

the btc-e P'nD'ers do at least hint what's happening. to warn people that don't understand the process, to stay away.

so if you don't understand the word play they use to create panic then, when they shout out a certain coin is gonna P'nD'. Find a different coin to play with for a few hours.

its all about reverse psychology and causing others to make the movements so you don't have to try as hard. and then profit before causing the reverse, to then profit a second time.

as for creating a group collective of 'little guys'. this will not work as well. for these reasons.

big fish only put in 10% of their funds into a P n D purely for fun or to get an easy 1-2% profit (10% of their 10%). getting little fish to put in alot more of their funds would cause a few of them to be scared of losing their funds and some will react sooner then expected.

the other part is that unless you have a pair of pliers locked onto their genitals, most people have their own minds and plans to profit. so if they see a opportunity to get an inside scoop of when a P n D is going to happen. they will all try to be the first in first out of any plan. so unless you can control a group into conforming like robots to only trade on command. then i would think any collective of more then 3 people will fail.

That could be a possibility via BitPools.

See my signature.

stop market manipulation and collusion by doing market manipulation and collusion hmm

You can't pump and dump bitcoin.  It's two unrelated concepts.  Bitcoin isn't a stock so you already know there's no income stream or assets that appreciate.  It's mostly just a medium of exchange.  I don't know what it is you are trying to accomplish on btc-e but perhaps you're just not as good a "trader" as you think.

Dumps, This is the best  time to collect dump coins now to trade, hold and save. This is the easiest way to get rich because buying and holding is the best way to earn bitcoin. So when pumps of the price is began they patiently wait for the right price for them to become richer. Use a strategic plan for your future. Just collect and collect now then we sold it on the right time.

We are a group of people that are sick and tired of getting destroyed by PRE PUMPED PUMPS. Today is really hard to find a decent group that has regular pumps and that communicates well with the community.

That is why we decided to make our own group, Apollo Pumps. No ranks,no pre pumps, no scams,no premium. Same rules and conditions for everybody.
 
The more people you bring to the group the more BTC you get.

Also 5 person that lost money in the pump will be randomly chosen and will get a refund.

The pumps will start once we hit 1000 members.

The idea in the future is to have minimum 5 pumps a week.

Help us create a group that you are looking for. .

https://discord.gg/BefTxbn
 

You need a lot of people doing this,especially if you are going for small amounts.There is alot of telegram/discord groups doing this by the way, you can either join them or make your own group and promote it ( if you really know what you are doing)
But from my experience pump and dumps,even if they are well organised it's risky

Many of the resident members here already join up in teams for a bit of pump-en-dump and you will find them
if you look around some of the other forums here.

The real big pump is USDT that is not backed by real $USD so what people see as "Demand" is
really just a sham anyway and this is the real reason Bitcoin is going down but don't tell the slot
machine players, save yourself, mums the word !

it is very difficult to combine all traders into one, because every trader has their own personal and emotions.

if those who have a lot of coins they are certainly the carrier itself and they also do not want to be dumped because if they dump it will lose.

Damn this is an old thread..  ;D

It's a very good idea and I think it can be done if we have groups and form groups to gather and trade in groups and compact to buy a coin we want together.

to make people believe in you to pump and dump is not easy, and uyou should do in same time if not i think you will fail, and if you want to do this make sure that your money is much because with small money i think pump and dump is not working hahahaS

In addition this will require trust between perhaps a thousand people, believing that one does not twist all others. All I can suggest is that if you want to go deep into this, the best thing to do is go into it when the price is so low that no matter what the price, this looks like the same. The problem we encountered with Bitcoin. Although I'm not an experienced trader, but that's just what I saw happening when looking at how the market is moving, I will not run around, people have the same attitude about ASIC and 51% attack or government buy Bitcoin (lol cheesy) and nothing really happened.

Before you try to invest in bitcoin make sure that you have a knowledge and not easily panic when the price will dump or pump, I suggest you tp invest in small amount first before invest a big amount.

for me if the coins are red or dump i buy it . then ill wait for weeks or months to pump it again. because not all the time is dump . and ill sell it to high value that is a simple strategy .. to get more profit

I would recommend going anywhere near it until you have at least researched how to read the candlestick charts properly and even then there is no guarantee you will make a profit. Many people are complaining about this, but in the end more and more people are moving in those huge amounts of money that are almost unimportant, I suspect that will happen with alternative currencies. just like everyone else. The btc-e P'nD'ers do at least suggest what is going on. to warn those who do not understand the process, to stay away. Find another coin to play for a few hours. and then profit before reversing cause, then profit for the second time. Big fish only put 10% of their money into a P n D completely for fun or to get a profit of 1-2% easily (10% of their 10%). The other part is unless you have a pair of pliers locked into their genitals, most people have their own minds and plans to make a profit. All of them will try to be the first in the first plan. then I would think that any more collective then 3 people will fail.

sounds difficult and troublesome just imagine the volume of a whale compared to the volume of a small fish, then how many small fish do we need to match the whale? too much isn't it? then can we manage that many people? maybe more than 100 people, and among them there will definitely be a pros and cons, troublesome but you can try

These things happen till right now i think.
There are some whales who have a group pump and dump, and this thing is public secret

Cassieheart like you said it's a old post and I just wonder had you and other members actually taken the plunge back then, at those rates I'm sure you'll would have been able to buy a lot of coins collectively, and then sell them in today's time causing ripples across the market, it's a shame that this idea was not executed lol, wonder what if that idea was executed would Bitcointalk would be the home of pumpers and dumpers?

In current scenario it's not possible to do this the rates are very high, and it would take loads of coins to cause a pump or dump like the one you had in mind.

I have never supported the idea behind pump and dump activities as only few  people always benefit at the end of the day.  People have developed devise ways such as  telegram channels who are seriously in support of this. I don't think the pump and dump activity is helping  investors who are new to Crypto.

The ideal of pump and dump I think is only beneficial to some investors and act as a big disadvantage to the new investors who know nothing about it. Nowadays pump and dump has a crew and they meet to plan it once you are not aware of it you may end up been as victim by buying at a high rate why the price will fall back to normal and never go high as much again.

pump will be good, dump will be bad.
but in this case do we really need to be sad nor happy?
everythin is in plan, everything to be destinded. by before that do we be a better holder!

only the shares can be traded, because the tape works prints on the crypt is a casino.

That cannot happen, there's will always be people who will not follow the rules and will just benefit from the pumps. The last person or group will always be the loser, and it is not fair. Pump and dump groups are prohibited by many companies of a particular token, and it is not healthy for the market. Many people are against this scheme, it is not beneficial for many and it will destroy the trust of the people on the particular coin.