Pump'n'dump notifications: is it really that innovative?

[nevadasauce]

As of today, over 2,000 altcoin enthusiasts have invested in CryptoPing, a so-called market-watching and -analysis bot. Regardless of what "analysis algorithms" they put in to this thing, the idea is that traders can sign up for BUY, BUY, BUY notifications when a coin is about to go up. Never miss another big pump! To me, this sure sounds like a self-fulfilling prophecy machine: Step 1 - Tell users to buy 'cause price will go up; Step 2 - Users buy; Step 3 - What do you know! The price goes up.

Am I missing something here? Other than the convenience of getting market notifications, it seems like this essentially what they're selling. A cheap scam. Is this really the right place to invest 380+ BTC??

[TheOATeam]

lol this is hilarious
Of course you don't invest 380+ BTC on this. Are you crazy?

it is useful though.

[nevadasauce]

lol this is hilarious
Of course you don't invest 380+ BTC on this. Are you crazy?

it is useful though.

I didn't mean that I'd invest 380 BTC. I personally don't see enough value to invest anything in CryptoPing. I was referring to the total amount others have invested in the project via the ICO.

[ChinkyEyes]

To good to be true in my opinion

[ziyauddinmomin1@gmail.com]

Very useful

[ahmedjamal1998]

Well I actually used it for two weeks and it's actually quite useful.
Not that it predicts every single price change but when it does send me a signal it happens.

I didn't actually invest in it nor thinking about it. I'd prefer to sit away and watch what's gonna happen next.

[Shiroslullaby]

Yeah if you got enough people signed up you could say a coin was about to moon, make a couple buy orders yourself,
and then start unloading coins on the followers.
Price would go up as people bought and it would look like a legitimate service while dumping your bags.
Pretty genius if you can get people to continually follow your advice.