Bitcoin Forum

I was found some interesting altcoins chart, the chart is like "block" as the name.
The top price in this coins is on 3 January 2020, now the price is slowly drop. But don't worry,  the price still stable
Is some reason why the price increase so high? or this can be a manipulation from some rich gangs/group?
Whats about your opinion guys, is this the times to invest blockstamp coins or this the best time for sell the coins ( if you have ) ?
https://coinmarketcap.com/currencies/blockstamp/

Block stamp is a young project and i was aware of it since early 2018, you should do research on the project to find answers yourself but on my on part it's a very good altcoin, simply because of the seriousness in the dev, if you understand the concepts you will understand why this coin will grow higher.

I just found out about this project, but for the price increase it's very crazy, it's just that the volume of this coin is still very little for traders who want to try their luck here should be a little cautious and I think the most supportive market only in Digifinex for other markets that still do not support.

I have little idea what this coin is all about. I just check their twitter page and I cannot see new product launch, strategic partnership, or any major project development other than the possible listing on Hitbtc and other big exchanges. It is likely that someone or some group is accumulating and preparing for upcoming big announcements. If you are planning to get in, it's probably too late now.

such an increase would make no sense, I mean 1600% in a few days.
You should avoid it do not expect to get profits quickly. but if you are ready to lose your money then do it.
let's say you are gambling with the project.

Blockstamp will be remembered as the first pump and dump token of the 2020. Obviously this was manipulated by huge group and that same group is keeping the BST price as of now stable but once the new buyers will enter to invest we should not be surprised to see the price going down or dumping.

Use your head, how is that a healthy chart in any way? The walls on digifinex are thin or nonexistent. If you have these coins, you can try to sell them to that tiny wall and crash it. I know i would if the buy wall would absorb them.

Blockstamp was listed in small exchange before listed in DigiFinex and i did experience in Crex24 exchange where few buyers and seller orders were placed and easily can manipulate the price of any altcoin and Blockstam was manipulated in small exchanges after that listed in DigiFinex and you know this is big exchange and price is gone up.

It looks like the price is artificially pump though. Don't get me wrong, if the project is really that good investors are going to pour their money. But with the worsening market conditions, one has to think that maybe that someone from behind is doing some manipulation to make money out of it, just saying.