Bitcoin Forum

to get bitcoin quickly by trading Bitcoin with altcoin and other cryptocurrency in the market and promoting it on social media to get many new investors and make the price go to the moon and after the price of altcoin and cryotocurrency is on the moon, can sell all assets in the market to buy cars Lamborghini.

Is this a good strategy?
I got this strategy from my friend

I think you meant to pump it and then sell everything. It's not a good strategy + it's a dishonest way of earning something.

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Care to share who's that friend (his/her profile account on this forum)?

That would be very mean of you and your friend and a very dubious way to want to get rich. Apparently, you both lack conscience, since you won't have to consider what you would feel like, if that is being used on you with you falling for it.

If you want to trade the market, learn how to trade and stop cutting corners as that won't help you. Moreover, investors are smarter these days than to fall for any Tom, Dick and Harry Pump statement, but for the fact that there would still be some naive and gullible ones, you really are holding on to the most pathetic strategy I have ever heard of. I wonder how your friend get to sleep at night if he has been doing this for real.

:D

Well got to agree that, guys like you are real operators of pump and dump group, who literally kills a project for no good reason other than just to make some quick money for self.
The way you are trying to convince here to making big in cryptocurreny, have you ever helped others to make some good profits or it was all for yourself.

in my own opinion, this is not a natural way to trade as this is all about manipulation. If you want to promote cryptocurrency, promote cryptocurrency for the right reasons and the usefulness of the blockchain technology. This innovation has the capacity to reduce poverty in our lives and promote a better and fair society

as I understand it, you are talking about pump strategy. This is not founded by your friend, that is known by all traders in this area and in my opinion, this strategy is not good for the earning healthy money. in fact, there is fraud on the basis of the pump strategy. It's not exactly a fraud, but something like deceiving. I don't suggest earn money with this strategy.

That's like the shittiest so called "Strategy" I have ever heard. Come up with something better. Think of your own strategy.

I think your trading concept or strategy is wrong, why can I say wrong, at first you are passionate about promoting coins into social media to attract investors to buy the coins you are promoting, in the end the coin is successful and the price rises high in the market, which you do it can be called pumping up the coin price so high, if you have 50% of the total coin, and when the coin is high you sell all your assets, and after you sell the coin it will automatically drop and break, I think what you doing that is very wrong, with you doing that indirectly you destroy the coins they have made, you get huge profits without seeing something that you do is the destruction of coin prices, destroying market prices, destroying digital money.

This strategy is tool old for now and by the way and why is the investors are going to believe you blindly and in todays world smart money makes enough money by appplying the strategy. I will better go with the retargeting traffic by which we can easily target the interested people and by this way we are going to make some big money. Apart from this we can also sell through some advanced attacking strategy something like Contrarian Approach.

Your friend is an idiot because it's not as simple as "promoting it on social media". Unless you are already some celebrity, people won't give a shit about what coin you shill.

He might actually share it with you because for him to have come and ask for the opinion of the community on a strategy such as this, I won't be surprised if he thinks you want to reward his friend for such a brilliant idea. @Op the strategy your friend shared with you is a selfish one which makes exploit the innocent ignorance of people for their own interest. It means that making a coin more valuable than it is then sell which means ripping off those who wants to just trade legitimately and decently. If you don't know well enough, you might just ended wasting your fund because the awareness of pump and dump is already on the increase that investing blindly is no longer the order of the day.

Haha, I thought I am going to read something new and out of mark strategy here but no mate this is nothing in front of the huge market that you are looking here. The market is not going to move just because you are publishing the stuff over the social media. Because people dont really go and trust the social media post that way. You can never reach the true audience who will trust the stuff related to crypto currency over the social medias. If you want to trade efficiently then just use the official methods that is swing, short and long trades etc.

Trading is no doubt a very profitable thing to do and that it can then help you in having some good earning as well but the only problem which you will face is that it will take a lot of time and efforts to learn the techniques which can then help you in making some better strategies. It is better to learn all such things before stepping into trade to avoid any kind of loss.

So you mean to create pump&dump? That's not a good way at all.

That would be like gathering people together and then making them invest money over the bitcoin. So this will cause the artificial pump of the bitcoin because you are driving artificial investment into the crypto currencies. Now, whatever you stated here is not going to work because social media publication is already going on and whatever we see today is awareness of that particular marketing only.
But you can not really drive this traffic now a days because its not easy stuff. Also it would be artificial pump if anything like that done.

technically it is working. you can take a look at altcoin market and see thousands of cases of what you just described in action but it is in no way as simple as what you said. for example "promoting it on social media" which is basically spamming the name of that shitcoin on the internet is not going to make people want to invest in that coin. and just telling people won't get them to invest.
what pumpers do (not the pumping groups) is that they also pump the coin as they are advertising it which requires money and the know-how of it.

It's a good assets of thinking. It's not wrong to think of that it's a free world. But Don't even think if it's possible to gained  a lot to that matter. It's a good to set of goal to buy a Lambo and Good staff.

Much better, if you hold your alt in your wallet and wait for the right time to pump to get bigger profit. Trading it with bitcoin would getting less profit. Small movement of alt would be very high profit if you have plenty of Alts in your wallet. Holding with bitcoin with only 1btc will just get you small profit if pumps up small amount only.

The great strategy for dealing with that is that you should take shorter farming and you should invest short and you should invest in lesser coins so that you can invest long term and reduce your capital.

There is no quick profits from any strategy generally. Even how good the strategy, if it doesn't meet the factors needed to make it success, then you have no assurance that it will lead to good result.

Different people have different approaches in a certain strategy. Others might be good at it but how about if it will be done by you?

To see the result, then do it on actual. You are the only one who will know if that strategy will work to you.

yes you are right, if the goal is to pump it is not a good strategy, but if you do it for investors ico it seems like it is suitable, because with social media everything spreads so fast, and can attract many investors in the ico.

That strategy is easier said than done. Crypto trading isn't all moon and lambo. With the current market situation, your strategy above is bound to hit many hiccups. A more better strategy would be to sell, then buy lower. But note that no strategy is 100% perfect. This is because the market is highly unpredictable. So you just have to trade with caution regardless of your strategy.

I wouldn't say its a good strategy, but hey if its working on your end then why not? The problem is the way you promote whatever the coins you wanted. If you are misleading people, then for me its doesn't sound good. That's why I'm totally against, those pump-and-dump groups, I see them very fraudulent and dubious, I would rather tell them up-front instead of people labeling you as a scammers if you get someone to invest but the supposed returns was not satisfied, IMHO.

Yes, the idea is good up to you because if you have the desire of this car than you may get your target by sell all assets in the market to buy cars, Lamborghini. But this matter how much your idea will work and makes you able to get your success in this regard.

Yes, hopefully you will do that. ti could be great if all
traders really is knowledgeable about BTCTC or crypto
in general so they will spread the right news and not just spread
hype.

I don't think it's easy to make the price rise, there are many factors that can affect prices. unless you have a lot of money maybe you can pump and make people fomo and buy too, but you need a lot of money to pump a coin

That's what the writer says you dumb. You don't even need to write long essay where you can write it on one short sentence.

That's why there are whales and stuff. You just need to wait until that happens. Unless you are a whale.

You shouldn't sell all your assets even though you don't need it. Just save it a little bit for backup in case there is something bad happen.

Your not a powerfu man or known  in this field. Even you make a hype, you cant make a pump just with your words. So meaning its not helpful as strategy. So better to find another way like learning to read some indicator to predict what will next on the graph. Is going to pump or dump

Yeah it is good asset to think. Technically it is working well. If you have sufficient knowledge about good trading then you can get good profit earnings.

It can be great strategy. Already our mission is 'Buy dip, Sell high'. Your social media groups looks like a ''pump-dump''groups. Working with this groups aren't good decision. Firstly, you risk your own money. Secondly, the million dollar project would be a waste for your $ 100 revenues.

It may be excellent strategy though it is not ethical if you don't believe in that coin but it is not that easy to make, how will you make it pump?

Good, maybe can be done if you have millions of other cryptocurrency..

If you mean that if the price will get pump then it is the time that you will trade your coin. For me it is one way of selling or trading your coin. If you just buy then sell it right away you will not earn big profit. If you want a big profit you have to buy when the price dump and then sell or trade it when the price pumps. If you want to make a profit in one day you can buy at a low price then when the price pump even a little you can trade it right away.

A lot of things possible to happen inside crypto, and yet is a good experience. Not all of us get lucky on trading industry and some just leave because they can't handle stress and extra patience. If you  want to win, you must need to strategies everything and be positive always as to give courage in your self.

This is the worst idea I have ever heard of, and that friends of hours has no good conscience to the development in the crypto world nor any token that is listed. If you are a trader, its either a day trader, or a profit oriented trader that aims for something big waiting for it in some periods of time.

For me, there are three strategies I employ for my trades. On a more general note, I try to be smart, patient  and well-versed. For the smart aspect, I just try to be smart about my investments, I see to it that I am choosing the coins that could bring me some good profit rather than trying to do things by force. On being patient, I try to not do any moves quickly. I avoid winging things out, and I also try not to do anything out of panic. Lastly, in terms of being well-versed, I see to it that I read every detail I can in order to learn what actions I should pursue to make my investments more worthwhile.

I hope it is just as easy as your friend told it.
You may want to try it first and see how hardcore the trading website could be when it comes to movement of prices.
You will be fighting with bots and other larger buyers with big orders.
Conclusion is an unpredicted price fluctuation.

please don't mind, it looks like a fun. I would like to ask you this question, is this possible or real method? and please answer which you feel in your strategy brain. Don't answer using your emotion. I think you will get the right answer will it work or only it fun.

It must be understood that with social media we can make everything big, I agree that reporting positive things about crypto on social media is the right thing, and will make everyone feel comfortable with it.

This strategy does not look good as the strategy is deceptive and does not encourage natural growth of cryptocurrency. This is more like a pump and dump and also, pump and dump is not tolerated in this industry.

That strategy is impossible though, how can an individual promote Bitcoin in a lot of people, it's possible if you're a celebrity, but you're not. And also I agree to the person who said that when we promote Bitcoin, it should be  the right reasons and usefulness of Bitcoin, you should help people too. Bitcoin is for us, not for only one person.

Every trader has their own strategy, you can do this strategy when you are scalping (short trading) but that doesn't make you get rich quick. I think you have to do trade research first, bitcoin trading is not easy. must understand the trading key, so you will know many factors that influence bitcoin trading.
many people say the key to trading is on technical and fundamental analysis, but I think it's just a way of trading is not the key to trading. the key to trade should be in emotional control and money management. I hope you find answers in yourself.  :D

This is not a good strategy and it is unethical to commit such act. Many other people will loss money and this is going to have bad impact on crypto. I suggest you to invest in a good coin, hold for good profit and earn money in an ethical way.

Your friend told a good strategy. On the other hand we help to promote the altcoin. If the coin’s price goes up, we can sell it, but I hope you don't dump the coin, it hurts the community and investors.

No doubt that trading is the best way of making money. But trading is not an easy job. It is one of the most difficult job which require a lot of experience and even require a good investment which can help you and can prevent you from a big lost.

For manipulating bitcoin or any coin with huge trading volume per 24 hours it can take up big army of investors which is attracted from the social media groups by advertising there. However it is very difficult that people will understand the same thing as you are talking it here because they are fearful to trust the social media publication these days which are all related to the crypto currency. So most of the these kind of ways are too off the chart and may not work as they are being thought of. Believe me its very hard to convince people in any simpler ways.

Being ethical must be a good policy for all the times of our life. We must need to understand the importance of being honest before rushing to make more money. With crypto markets, I do earn big money yet in ethical way by holding them for longer term rather than manipulating the prices in the name of day-trading/short term trading.

Long term works perfectly for those who are not very knowledgeable that much when it comes to trading as it is an easy way to go with less risk, but not like it is the best to come up with most of the time. Short term brings in more profit for those who are actually good at what they do as it gives you to take advantage of those short term fluctuations to make good profit. For those who may not like the general short term market noise, long term makes better meaning.

Let's get to the realistic point here. Obviously, there is a big influence that social media gives. This is to touch the awareness of a certain person to discover about bitcoin, promoting it in a social media may actually lead to the curiosity of the majority who is reading the whole thing.

Your friend who bought a car shared a basic strategy to you, dude. Just like buying low and selling high altcoins. But have you ever ask your friend if he/she uses signal, indicators, boosters and etc? Or how much did he start to invest buying such altcoins or bicoin?Or, is she/he a margin trader, swing trader  Or a day trader?

You have to get an answer to your friend, for you to find out if his/her strategy is an excellent way to be followed.

Definitely all the guys here will tell you that this is an utopia, just I can just you to look for the numbers of statistics how many guys are buying Lamborghini for their earnings from the cryptocurrency.

To be honest, I do not think that this is a good idea OP, and I do not even guess that your imagination will happen and even if that will be achieved in a long term you will not sell all your budget in order to get your dream (by cars Lamborghini), because you have a weak point like the majority of people which is " The greed ", I am pretty sure that you keep some of them even if there is a big pump in Bitcoin and cryptocurrencies in general.

Why to guess? You should try it yourself to figure out whether it works or not. Theoretically it is possible but practically it is impossible because there are lots of troubles which you will encounter with. You mentioned the several steps to achieve the aim. If we look at them more carefully every step requires special knowledge, experience and resources. I mean, to begin trading you need to have an initial capital, to earn some money you need to be skilled, to attract new investors in any new projects you need to be a famous person to have enough followers and so on.

Crypto trading is excellent and better than traditional trading especially the Bitcoin which has highest place in the list of overall ranking. People done with the Bitcoin several times are now in a position to buy any expensive product, they can buy expensive Lamborghinis and anything else they want they can achieve that. Bitcoin trading requires your best knowledge and once you acquire it then you will proceed for enjoying your profit.

It could be a good strategy in crypto trading, but it's not easy to convince other people to invest in cryptocurrency, specially those people who are not familiar with it. But you can wait until the price of your holdings will rise and sell before it will dump, to be able to earn more profit.

yes trading is good and profitable business and if you are aware of the crypto market then you can trade with profit and analytical skill will improve your position in the trading.

I think that is an unhealthy strategy, and does your strategy work, and investors are tempted to promote on social media? I think there are many ways to grow or benefit from cryptocurrency without such a strategy

Do you think is that easy to promote coins over social media and gain investors?don't you know that ICO project spend thousand of dollars just to promote their coins/token in social media by paying campaign participants ?and here you are telling us that you can do it yourself?common man that's impossible and you will spend more than what you can earn.so stop dreaming please

If you're an influencer, that a strategy is very good because those people will surely be intrigued by your promotion. but for now this is all it is not a guarantee because I see a lot of ico with the promotion in social media and get a lot of investors, but when the market the price is very cheap.

Why is everybody always try to gain a lot of money just to buy a lambo? And it is not just easy to promote it on social media since there are only less people that are doing crypto there so maybe you'll have a hard time promoting there.

Yes, in my opinion, this is a good asset of thought. This is a free world. But, never think whether it is possible to get a lot of things in it. So, it is better to look for other ways to learn what will be predicted next in the graph.

Just like the OP wants to hype the market. In the first place, it won't become easy for you specially if there is a bear market season. People are not anymore an ignorant, in fact there are many tutorials that people used so that they will skip this kind of scheme to the market. I don't think the OP can do it today.

In short, you are doing a pump and dump strategy and you explained it in a professional way :D.

Your strategy is shiiiit. Pure shit and don't expect that when you post it on social media, investors will immediately buy the coin you are posting especially if its a shitcoin.

Yes, sell everything when it’s on pump buy whatever you want as long as it can afford your money. Because we are living also to give joy to our selves :) you deserve it. We have our own strategy if that is your strategy then go for it.

It's far more easier to introduce bitcoin before Nov 2017 IMO .
Why ?
Because that was the highest phenomena since bitcoin being created.
Nowadays it's kinda difficult to attract by just explain them but also you need more fact and research so you can attract them more easily

This may be a good strategy for you but for some people it isn't because you can't possibly make a coin to pump by just showing it on social media.

This is clearly not a good strategy as this is promoting pump and dump in the Cryptocurrency space. Doing this, the aim of cryptocurrency is the goal is to adopt the technology so that it would be used in our day to day lives

You can't get it in a short time period.You have to hold your bitcoin and altcoin till it reaches maximum.In Nov 2017,bitcoin price attain the maximum raise.It may be due to the sudden raise in bitcoin investors. Promoting of cryptocurrency will make a good impact in the price of that cryptocurrency.
May be your friend brought a Lamborghini in Nov 2017.

This is not a strategy. This is called scamming innocent people (not everyone is innocent though. Some of them know what is going on and tries to take advantage of other people joining) by luring them to lose all their money. There are already many pump and dump groups that do this. Only people who joins in early gets the profit and people that come afterwards are the one that suffer massive loss.

In such cases, you should let them see your account details. Tell them how they were before joining bitcoin world and the Rupert they are now giving. Physical evidences are always strong and strengthen the concept. Definitely people wouldn’t start believing on a thing that isn’t even visible to anyone. So, their trust breach is natural but do try your hard to make things better for them.

Not only is it unethical, it is unlikely that you would be able to sway enough opinions to make that much of a difference

Actually that is a good strategy to earn money, that is what you call shilling. The bad side is you could be the reason of somebody's lost, their investments, maybe their life so it's not worthy.


Your friend doesn't want you to be a good man. He just want to earn money and that is not the friend you wanted to be or to have.

That is not how we should use a cryptocurrency, I think it was actually a bad idea. It's like you are encouraging the people to invest so that you could dump it without thinking about other people, actually it is being selfish in my opinion. You should just have to use the natural volatility of a coin to earn,  why would you go that far just to make a profit?

We should invest in more coin and investment. Do not invest in one investment and invest all your money for one kind of coin. If we do, then we risk quick and fast. Depends on the coin we invest in

To make more demand in crypto we should promote the advantages of cryptocurrency and blockchain technology. And for crypto trading we should know the risk and then we can make strategy how to minimize the risk. In trading is important to have also target profit and use stop loss to avoid big loss from high fluactuacion of crypto.

Nothing is a great strategy, I think the best strategy to make a profit in the cryptographic market is to be patient, do not hammer money selling your coins early.

This is a great way, I am also using this way to increase the amount of Bitcoin that I am holding. I send money to an exchange website, and I place orders to buy at low prices and place orders to sell at higher prices. I started earning the first profit even though the investment was meager.

I’m like to trading because I’m a professional cryptocurrency trader. My first strategy is analysis cryptocurrency then I start to buy altcoin. I never buy any kind of altcoin without recharges. I note some altcoin and daily follow his movement if the token is moved very fast then I decided to go buy this token otherwise I can’t buy any altcoin.

What you are proposing sounds very similar to pump and dump tactics, in which a  group of people begin to buy a coins cheap and then they begin to promote their knowledge to a group of people and then they reveal the coin everyone needs to buy and then they sell for a profit, not only this practice is immoral, it is illegal as well, do not do it or face the consequences.

To me this can fail you someday. Trading requires much more technique than pump and dump. To remain profitable, one requires a strategy that will pay at the long run and not some short term gains.

it's easier said than done.  in order to pumo the price of an altcoin, you need lots of money/funds.  if you dobt have enough money, you can use other people's money.  but you have to persuade alot of people to buy the altcoin.

you may earn some money by pump and dump, but you also cause other people to lose some money.

Those ways are true, you can buy lamborghini if many new people are interested in investing, especially in the coins you have. But in fact, the cryptocurrency users are broad, there is not you and the people you were suggesting to come in, on the cryptocurrency market I suspect there are many people who deliberately make negative information and the impact will make the price weaken.

I just wondered, is your friend bought as they said before? If he does, you can trust what your friends have done, but if not, you can find other ways to reach your dreams by buying lamborghini. But IMO, you can buy soem bitcoins now and buy lots of altcoin now and invest in the long run, pretty sure those are way will really work.

It doesnt sound like pump and dump tactics because it is pump and dump activity itself.  ;)

Its just the artificial way of manipulating the crypto currencies and to be frank whales use this technique on wide range of altcoins and bitcoin itself to manipulate and profit themselves with its margins.

Also social media publicity wouldn't work because thats not the thing like airdrops, ICO projects or products or service which people will try out immediately. So may be difficult to see that option working out.

this is not a strategy. You need lot of investment in advertisement for social media, find Investors who will invest and what is guarantee after advertisement they will invest in your coin. This game is normally played by alt-coin owners. Seems , Your friend is owner of an Altcoin or he is a member of some telegram group where he listen the word pumping. its the part of pumping only
you need a Big investor which called A Whale who will eat all limit buy orders and price will up by 1000% . This is marketing trap now days everyone know about this

Ways like this never last long. You may be lucky for few times maybe, but you can't build a business on it, which, by the way is cryptocurrencies main aspect - to build a stable, lasting business.

Yeah physical evidences are always strong. And definitely they are just like you, likewise they need to become like you at the end of their journey. And we all are always oriented towards money earning. So connect these dots and make a chain. Like you have got something extraordinary from bitcoin, tell them and show them evidences, your bank account details.

That isn't a strategy I think because you're helping nor creating a hype and those FOMOs will surely be trap here. Obviously, you can benefited here but what about those caught on your trap? They'll loss the money and eventually you'll hit your conscience because you're deceiving people. So if you can stop this then better because you'll never know when karma hit you.

In trade always choose the long-term investment portfolio, this will help you ignore the anxiety and dread when the market goes down. You do not need to worry, -and you have to buy it, then put at higher prices and wait for orders to made.

The way these ICO's and new stand alone coins are advertised, and described on their websites, the pump and dump can happen naturally too.  They hype it up that its the best new thing an that the coin will be able to do all these things, and than nothing happens.  Let's take coinpoker as an example, it was hyped up, people believed in it, I believed in it, and what do we get, a recycled all grey poker client, strange kyc from another startup that requires last gen phone, unnecessary wallet verification that no one else requires.  If we got bodog or 888poker quality poker with no kyc things would of been different I think.  Pumping up a coin to a point where you can buy a Lamborghini is probably not a simple task, and there is a risk that you're the one who'll get dumped too I think.     

If you are famous crypto trader or a crypto youtuber with many subscribers or followers maybe it's a good strategy for you, all your followers will buy that crypto because they believe in you that it will mooning.

This strategy is good for marketing but it's not too good to get bitcoin quickly. There are many other ways to get bitcoin faster like stacking or masternode. If you want to get bitcoin faster through trading you should start choosing a few coins with potential, you analyze the coin price before the current price, the development of the coin, the community, and the news about the coin.

Yes, that's right and I think that is indeed a very good strategy to always get a lot of profits in trading, because it can get multiple profits.

I do not think that is a good option because there are many fraudsters in the market right now. If your options are good enough and profitable, the whales do not put that profit into your hands. so you should consider. ;)

The most profitable strategy is first of all to find and study good cryptocurrencies supported by real activity, to invest in them and to fix strictly profit at achievement of 100% of profit on each of them

Obviously not a good way & it cannot be called as a strategy. It's a dishonest path to earn money. Let's see why? If your project has no value, No working product & just aiming to collect new investors, It's breaking the credibility of business & making people fool only for money. If you fell in same situation you might ended up with huge stress with many other problems. But you have been careful to post this point here & can earn money in this crypto space with Trading, Holding, Doing Airdrops & bounties etc. If you are very well aware of what you are doing in the crypto field you can earn more money with patience.

I did promoting advantages of crypto in social media but my purpose is crypto community keep bigger and demand of it will be increase in the long term. I think many people around the world does not know how crypto work and what the benefits of it. On this bearish market if they jump in to crypto now so they will make alot of profit in next year. Make invest now in crypto and hold it in maximum  1 year is very promising high profit,  but offcource iam not financial advice,  just want to give some good information about future of crypto to the many people who does not familiar with crypto.

even a famous crypto trader won't honestly engage on such risk, it may back fired it on his face

the CNBC example as a famous tool for fuds

that everytime they have a call or a prediction to be bull, an opposite always happen :D

An experienced Crypto Trader knows this, if gets F*cked up, followers will leave him worst curse him

I also agree with your opinion. This is not a good strategy, but it is based on media reports that Bitcoin is devaluing, Bitcoin is a good deal but there are also issues that will increase the number of frauds.