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Author Topic: Collusion of buying BTC  (Read 884 times)
Seyoga
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November 18, 2015, 09:28:53 AM
 #1

BTC-Trade.INFO - The essence of the project: At the signal, all participants buy (or sell, respectively) BTC on the stock exchanges, thus changing the course together, earning on it.

Example: 5000 members with deposits on various exchanges an average of $ 1,000.
$ 5 000 000 in the single placed orders for the purchase (or sale) are able to change the course of BTC by 8-10%

For the use of the resource will not be charged any fees. The more participants, the better the amplitude of the course - invite like-minded people!

Please criticism and suggestions

P.S.:Please share in social networks. Smiley


P.P.S.:Sorry for bad english Undecided
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Foxpup
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November 18, 2015, 10:42:02 AM
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Well, since you asked so politely for criticism and suggestions, I will criticise this project on the basis that this sort of price manipulation is illegal in the U.S. (where your domain was registered) and also in many other countries, and I suggest that you abandon it for that reason.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
Slark
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November 18, 2015, 10:52:53 AM
 #3

Op, so you want to create bubble with coordinated bitcoin price manipulation.
1. This kind of project will be really hard to conduct with bunch of random people without coordination.
2. It is illegal and dishonest way to exploiting the market.
3. There is not guarantee that it will be successful.

Envrin
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November 18, 2015, 11:02:29 AM
 #4

That, and $5 million is nowhere near enough to manipulate the price of BTC by 8 - 10%.  Current market cap is around $4.4 billion.  $5 million isn't going to get you far.

JeWay
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November 18, 2015, 11:15:09 AM
 #5

I think this project nearly impossible, because it's kinda difficult to do that. Sad

franky1
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November 18, 2015, 11:17:58 AM
 #6

pump and dump groups have happened before.
the moral of the story is.. the person shouting the buy signal to members,, already bought before shouting buy... then waits for everyone else to push the price.. and then the organizer sells right before shouting to everyone else to sell..

end results.. only the organizer makes noticeable gains while everyone else is panic buying and selling in the middle..

it does not help cause any real long term rises. and just causes crappy speculative spikes..

if your going to do it.. do it with the pennystock (altcoins)

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
Seyoga
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November 18, 2015, 11:26:34 AM
 #7

If done through a vote by all participants?

Vote every minute.


>>>price manipulation is illegal in the U.S.

It is not manipulation, it turns out. This Poole Management.
jertsy
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November 18, 2015, 11:27:57 AM
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pump and dump groups have happened before.
the moral of the story is.. the person shouting the buy signal to members,, already bought before shouting buy... then waits for everyone else to push the price.. and then the organizer sells right before shouting to everyone else to sell..

end results.. only the organizer makes noticeable gains while everyone else is panic buying and selling in the middle..

it does not help cause any real long term rises. and just causes crappy speculative spikes..

if your going to do it.. do it with the pennystock (altcoins)

Wolong did that to Dogecoin and other alts. He made a fortune pumping the price and dumping on his co-conspirators. He never tried the same stunt with Bitcoin because it costs too much money to manipulate Bitcoin's price. Five million dollars spread across all the exchanges that matter isn't enough tp pump Bitcoin.
Seyoga
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November 18, 2015, 11:31:32 AM
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pump and dump groups have happened before.
the moral of the story is.. the person shouting the buy signal to members,, already bought before shouting buy... then waits for everyone else to push the price.. and then the organizer sells right before shouting to everyone else to sell..

end results.. only the organizer makes noticeable gains while everyone else is panic buying and selling in the middle..

it does not help cause any real long term rises. and just causes crappy speculative spikes..

if your going to do it.. do it with the pennystock (altcoins)

Wolong did that to Dogecoin and other alts. He made a fortune pumping the price and dumping on his co-conspirators. He never tried the same stunt with Bitcoin because it costs too much money to manipulate Bitcoin's price. Five million dollars spread across all the exchanges that matter isn't enough tp pump Bitcoin.



You understand that if we implement the idea - it would be super?
ebliever
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November 18, 2015, 11:34:49 AM
 #10

Super stupid. Watch as 90% of your "allies" then dump before you can, leaving you as a bagholder. There is a reason such schemes never come off. The ones that do involve far fewer participants and as mentioned, are a good way to gain access to prison.

Luke 12:15-21

Ephesians 2:8-9
jertsy
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November 18, 2015, 11:38:38 AM
 #11

pump and dump groups have happened before.
the moral of the story is.. the person shouting the buy signal to members,, already bought before shouting buy... then waits for everyone else to push the price.. and then the organizer sells right before shouting to everyone else to sell..

end results.. only the organizer makes noticeable gains while everyone else is panic buying and selling in the middle..

it does not help cause any real long term rises. and just causes crappy speculative spikes..

if your going to do it.. do it with the pennystock (altcoins)

Wolong did that to Dogecoin and other alts. He made a fortune pumping the price and dumping on his co-conspirators. He never tried the same stunt with Bitcoin because it costs too much money to manipulate Bitcoin's price. Five million dollars spread across all the exchanges that matter isn't enough tp pump Bitcoin.



You understand that if we implement the idea - it would be super?

No, it would be horrible for all the mugs who got dumped on. The only person it would be super for is the organizer. Most of the people who joined in on Wolong's pumps were scammed when he dumped on them.
Seyoga
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November 18, 2015, 11:41:22 AM
 #12

Super stupid. Watch as 90% of your "allies" then dump before you can, leaving you as a bagholder. There is a reason such schemes never come off. The ones that do involve far fewer participants and as mentioned, are a good way to gain access to prison.

I do not take money members
franky1
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November 18, 2015, 11:50:22 AM
 #13


Wolong did that to Dogecoin and other alts. He made a fortune pumping the price and dumping on his co-conspirators. He never tried the same stunt with Bitcoin because it costs too much money to manipulate Bitcoin's price. Five million dollars spread across all the exchanges that matter isn't enough tp pump Bitcoin.

i think the proposal in the OP and wolong was not based on 5 exchanges..
the intention was not to cause a permanent rise..

its just a pump&dump on one exchange so the organizer (guy in charge of shouting when to buy and sell) can profit.

on a BTC market, the spread is crap and not alot of middle men would profit. only on altcoins would the price increase significantly enough for a certain % of middle men to also profit along with the organizer.
BUT...
it would also require it to be a popular and high volume altcoin where the pump and dump group were not just circle jerking themselves but also trading against lots of people not in the group. otherwise them middlemen wont profit if its a pure panic pump&dump and the only players are the group.

i do not recommend it at all. not now.. especially on the bitcoin-dollar market.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
RyNinDaCleM
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November 18, 2015, 02:12:10 PM
 #14

It won't work. Front running will break it all. Do you draw straws to determine who buys and sells first? Who is the sucker who is stuck buying/selling last?

ebliever
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November 19, 2015, 12:00:12 PM
 #15


Wolong did that to Dogecoin and other alts. He made a fortune pumping the price and dumping on his co-conspirators. He never tried the same stunt with Bitcoin because it costs too much money to manipulate Bitcoin's price. Five million dollars spread across all the exchanges that matter isn't enough tp pump Bitcoin.

i think the proposal in the OP and wolong was not based on 5 exchanges..
the intention was not to cause a permanent rise..

its just a pump&dump on one exchange so the organizer (guy in charge of shouting when to buy and sell) can profit.
...

If done correctly, the guy running the show would profit the most, but everyone in his group would profit. In the top guy's best interest to make sure everyone profits (no matter how marginally), so that he could rinse & repeat.
Think of it as knowing who controls the music in a game of musical chairs -- all you need to do is watch that guy. Sure, he'll grab a chair before you, but you still have a clear advantage over everyone else.

Meaning you rip off those who are not participating in the scam. There's a reason this sort of thing is illegal.

OP, you want to get rich? Learn to serve others by providing services they actually want and will pay for, earning you an honest income. There are a lot more prosperous people who've gained wealth this boring old-fashioned way, compared to scammers and get-rich-quick layabouts who mostly wind up rotting in prison or their parents' basements.

Luke 12:15-21

Ephesians 2:8-9
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