Bitcoin Forum

What really makes the altcoins price rise or go down?
Is the developer can control their coin's price?

A pump and dump schemes can really make the price go up or down.

Certainly a developer can control the price particularly if he is holding huge amount of premine coins at his  disposal. This situation always happens to a 100% POS coins, wherein the developer will pump the price up then dump all his coins on unsuspected traders.

Agree with this  a developer  could somehow  control its  coin in terms of trading which  as he mentioned   that devs could   hold huge amounts  of coins  so that he would able to play with  the traders  of its coin.  There are some   hard pump for an altcoin then suddenly dumps  and would never  intend to pump again.

Pre-mined coins are more susceptible to wild price moves but usually because most coins have such a small market cap it only takes one user with a fair chunk of coins to move the price.

Some reasons behind altcoin price shifting:

1. Coordinated pumping, both by whales or developer (in case coin was heavily premined).
2. Good marketing, overhyped goals.
3. News about coin, both positive and negative (for example recent dark market exit scam caused Monero price to go drastically down)

1) Potential of Projects
2) Pump/Dump (Not really a real factor as it could be manipulation)
3) Dev Team Member (Somehow people with great knowledge in their field , projects get better appraisal_

The pump and dump, demand and supply. the two are the important factor can affecting the price of the altcoin. like CR1 caused by the supply are very low and the price is so high and in the 0.01 for 1 CR1 coin. and the another things like at the first time the altcoin are listing into the exchanges caused by spreading their coin before thorough the bounty system can make a lot of dumping in their price and the bounty hunters are just wanna selling their coin for get some bitcoin and not cares about the price.

Also, I may add the supply and demand. If the coins has uses like as a payment not only for trading and nothing else. Community support for coins is also a must,more people accepting it,the better.

The No.2 which is pump and dump is done by manipulators indeed.They are only playing or spoiling the coin for their advantage or for profit.After that,they leave and find another coin.They destroy the rea essence or purpose of good coin.

Altcoin go up, when the demand start to grow. Larger buyers also can make higher price, if they buy a lot, like ETH pump. But in most cases - altcoin go up only, when market have strong demand, for example - Monero.  ;D

We are part of that price change. The popularity of it, the mined coins, the hashing speed and many other factors are very important to the price. If only one user would be using Bitcoin right now, the price would go very low because it's not used. If we got more users soon, we will see a skyrocketing price.

https://67.media.tumblr.com/606bb195728533ada12daf4e42232643/tumblr_mwl84kCwfj1rvcjd7o1_500.gif

If the Developer has a large premine, he can drop the price by selling large quantities.
However , unless the developer has good amount of fiat and a small coin supply, he will be unable to make it's price go higher.

Market Movers are Rich Traders (Wall Street Types) & Rich US or Chinese Exchanges that can throw thousands at a coin and pump it to a penny or a dollar and then crash it when their are enough buy orders to make a profit.
Rinse & Repeat   :P

There is not one crypto coin (Not even BTC) that has a true market yet defined by it uses, they are all speculation and manipulation.
Some being manipulated high to steal your money when they are dumped and others being manipulated low to hamper their growth and weaken their communities to try an keep them from overtaking BTC and ending its overrated hype.

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Sometimes the code behind it but majority of the times just some P&D group or person.

In the absence of hype/FUD based on credible fundamentals, Whales.


They can make it rise if they are BTC Whales.
They can make it drop if they are large XYZ Coin bag-holders.

that's right the whales who's behind can manipulate the flow aside from the rise of btc many pnd groups are there to control the moves.

Agreed with most replies..

It reminds me of a pyramid or ponzi scheme mod.

Take the old classic Water-Filter Pyramid scheme scam..
The higher up the pyramid of users the more money they make.. which eventually fails.
The guys on the bottom will be unable to break even.

I have Google searched Bitcoin ponzi scheme before and seen compelling arguments.
You all should do this too.. it was interesting regardless of what you think of it all.
Get educated ;)
Google search Ponzi scheme & Pyramid Scheme testimonials too while you are it.

Historically we have seen exploitation of mining with Super Computers where a guy got fired.
He was caught mining Doge coins on a university computer if i recall correctly.
Bitcoin ? ASICS.
Litecoin ? AKA: Scrypt ALGO ..ASICS
All used extensively privately before the public gets their hands on them.
Too many examples on that shit.. such as Coindesk asking what they should do with all the Doge coins they mined with their ASICS they were using secretly while admitting they had already dumped a shitload.
THEN many of us realized why they were such hardcore SHILLS always posting tons of Doge News stories.
Sort of like Ethereum.. they were abnormally obsessed since 2014 over posting ETH stories.

CPU mined coins ?
Well they just rented servers or used Botnets.

See why ICO's got popular ?
First thing is the dev's who made the 6,500 ANN topics here wanted reclaim their advantage they were losing to outsiders.
Skipping the whole mining coins on launch was perfect.
And as long as they can make sure to pump their coin up the public will go along with anything..
Because it makes them profit speculating / gambling on scammy shitty ICO shit tokens.
And as a perk it enables the dev's to stream line and fast track the whole making coins game.
Cloning made easier.. for "Fun & Profit" as a well known coin cloner said in his Cloning tutorial.
As the Doge dev sad too.. he said the coin was launched as a joke.
Who is laughing ?
Simple check the pyramid.. top guys have "Fun" and the lower guys suffer.

Don't forget about delays etc when a pump happens too on exchanges.
Historically as Bitcoin went up in price there would be "Network / Wallet issues" on exchanges like Cryptsy.

I don't think you all really want to admit to yourself how big of a facade this shit really is.
It really is rotten to the core.. top to bottom.
All of it "fueled" by rampant greed.

Exactly like the housing bubble world recession that hit years ago that raped us to this day with inflation and left us teetering on the brink of another bigger recession many analysts suggest.

Their band-aid solution to "derivatives" the Stock market equivalent of an Altcoin was to use Quantitative-Easing to fix the problem.
In other words the cut the supply off money in an attempt to make it ok..
But that does not make a hollow shallow worthless tech stock any better of an investment.
A band-aid fix at best.
Lessons learned ? US govt Bail-out's.

But no one is going to bail you guys out when you sink Investards.
You will be left to drown like rats.

So if I have lot of money to buy some coin, I can control the price it self?
So why people here don't make some community to manipulate the price of a coin?

Who says they have'nt already.

Ripple, Monero, Ethereum

Looks at their charts on coinmarketcap.
Ripple      24 hours trading volume => $3,806,420    
Monero    24 hour trading volume  =>  $2,305,180    
Ethereum 24 hour trading volume  =>$18,866,900

That volume is faked to sucker in new buyers, No one is even using ½ % of that volume.  :P

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