Bitcoin Forum

https://crex24.com/exchange/FOTC-BTC

Just a quick heads up, this things rocketing, I'm in the process of depositing.

2900% already

If that coin already  get 2900% increase already  this might be dangerous to buy that coins. The price may collapse and you will ending up loosing money instead of having profit if you will decide to buy on that price.

This is exchange is new for me never use that before.

Other things i see upon checking  the exchange, no buy orders only 0.01 which is easy to collapse.
The trade history also is faked by only one people when i check trading history. You can easily notice it since the buy history always 100 and 99 coins that has been bought.

You should have tried to bring attention to the project before it was in the middle of a huge pump. I have a rule to never buy into anything when it's in the middle of being pumped. It's a very good way to lose money. You can get lucky and catch it in the middle of the pump, but more times than not, you'll end up losing. I'll check it out whenever the price dumps back down again. Plus, I've never heard of this exchange. That kind of scares me also.

Maybe the coins are pumped to entice new traders to buy the coins.
I'm sure it's a fake volume and was created to trap it.
I agree with you do not be interested in this coin or we will lose big.

Translation: "I'm in the process of depositing losing money."

Maybe if you're going to shill a coin like it's 2017 at least post some features and what makes it so special. But in reality, thats not gonna help either because people already see through scams like this. Altcoins are easily abandoned and so are there poor unsuspecting investors.

I wonder what he got after depositing the coin. Can he make a big profit like the others or not? I hope that he doesn't be too late to see his coin has arrived so he can sell at the highest price. Crex is one of the old exchanges that I knew, but that exchange doesn't have a high volume of trading than the others, but the market has a good movement for some coins. I think that coin gets a flash pump yesterday because, from 1 satoshi, the price can increase more than 45 satoshi, but now, the price is back to 8 satoshi. I think there will be the next coin that will get a pump too like those coins.

All he would have got by depositing at an already inflated price is "Betrayal". Yes you heard it right.
He probably heard of a pump and dump scheme and invested at the peak thinking that the price of the coin will rise further.
But he would get nothing but betrayal. He is obviously too late to invest and is investing at the peak.
Besides that, the coin is a shit coin with not potential for the project. So this proves that its a pump and dump.

If it is already that high, how and why can you expect people to invest in this coin. 2900% is so much higher in investments. I don't think that this will still go further beyond this height. I mean it could but, remember we have something we called bull exhaustion.

Another hype? There are plenty of groups nowadays that hypes a certain currency and after that they will dump it like crazy and the newbie investors will be the victim of this kind of tactics.

If it's not the case then you are doing pretty well to obtain 2900% even in the current market condition. But there is 90% possibility also that it was being hype.

Looking at the chart, I realized that this is not a coin worth speculating on. it's too risky while Crex24 doesn't have stoploss function. A few hundred percent strong pump takes place many times at FOTC and it only takes a few minutes to get down. This is not what big speculators want. The liquidity is also low, so it is considered a big trap.

I know what you mean, I'm not shilling I saw the increase and thought I'd share, I bought in at 5 sats sold at 9 so good return on this coin, I think theres some news about it somewhere or something is going on, its hit over 1btc volume and it keeps nudging the sell walls

Theres either a bull run in action or it's being pumped but pumps only usually last 10 minutes so I'm doubtful in that perspective, my "spare" bitcoins are making good returns by the looks of things, I'll continue to monitor the situation and get back to you all

***edit after checking looks like theres not much stopping it from going 9sats to 78 sats (next big wall)

0.02 buy orders is this a big wall for you? That strategy use by the one people who manipulate price is change. Now they tried to get a volume buying large amount of coin. But it will never change the fact that they faked  buying volume check trade history.

With the trading volume like that, someone with $ 1000 could push its price up by a thousand%. With currencies like this, they increase their prices by a thousand%, it makes no sense when insignificant transaction.

Wake up, man. we have a lot of coins like that. The problem here is who will buy those coins.

Process of depositing? Hope you arent late on the party.If you're late then you would end up on getting caught on the dump.
I dont know if this one is some sort of crex34 exchange shill but these kind of enourmous pumps do happen mostly on crappy exchangers but
if you do try to look at the liquidity you can already point out that someone just tend to pump and dump it out.Joining in will really be risk if i were you say.

1 BTC daily volume?
Whole pump was performed using 0.16 BTC (1200$). The rest is just wash trade to show fake interest.

You think that something is going on? I'll tell you what's going on. Someone who invested 1000$ into bitcoin in 2012 is using his 0.2 BTC out of 200 he has to have fun on shitcoin. That's the end of the story.

These are the tokens that we should not touch. because it is very manipulative, if we are unlucky to buy at the highest price, maybe it is money we can never get back because liquidity is not available or order buy with very low price. My advice is to stay away from tokens like this if you want your assets to be safe.