I must say I am not so happy seeing this talk about pump. What was ever pump done good to any coin?
So the holders will dump their coins and some suckers will buy it on high unreal price, and later will hate the coin and talk bad just because they lose money.
Coin pump is nothing more than fast happening ponzi scheme! Only organisers and few lucky make profit, others are just on loose.
I think that is ok when it happens naturally because of some news of improvements, as it happens all the time for some coins, but when it's done organised it very dangerous because it can kill coins price, you never know how big could be panic sell, dump after pump, so from price of 500sat now pump can push it to 5k sat or 10k sat, or even 20sat, and than probably below 500sat or less. We saw what has happened with some coins after pump. So if panic dump be hard and price goes below 100sat which is most likely to happen who or what will take price back to 1000sat? With small price volume in BTC will become low and after week or two coin will be delisted from exchange.
So what is the point of the pump?
Again same question, the perspective about involvement in cryptocoins, are we here to make new technologies and take reward for achievements or just to make quick money? -.-
I stick with Marcetin. Pump will only make bad things for everybody of us. People who talking about "1000 sat shit coin" lose the point of crypto at all. Another thing, If someone still want to make profit from P&D coins. They need go back few years ago. Nobody right now create currency just for P&D. If they do, everybody called them "shit coins".
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