Pump & Dump Trap! Don't get trapped!

[talks_cheep]

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

[Wilhelm]

Sell your coins OP I dare you!!!

[Meuh6879]

selling what ? give me a beer instead of say bullshit ...

[r0ach]

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

^ The JIDF, Zionist, pro-central banking, anti-BTC, shill poster who has already created 5000 fake spam accounts is once again doing it.  Your posts are useless now that everyone knows where they originate from.  You're basically pumping Bitcoin now by showing how afraid the banking interests are of it.

[talks_cheep]

There's no good reason for the current rise in price. No logical explanation. According to Sherlock Holmes, after you discount all other theories, the only theory remaining is the correct one. Pump and dump, FTW. No?

[redhack]

How do you know it's a bull trap? Last time this happen, price was go up to $502.

[suda123]

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

^ The JIDF, Zionist, pro-central banking, anti-BTC, shill poster who has already created 5000 fake spam accounts is once again doing it.  Your posts are useless now that everyone knows where they originate from.  You're basically pumping Bitcoin now by showing how afraid the banking interests are of it.

hi /pol/

[Cconvert2G36]

This is a Public Service Announcement!!!

What we are seeing is nothing but a pure pump&dump scheme! This rise in price is a ruse! Do Not Buy Any More!

We're going to go down any minute now!!!

^ The JIDF, Zionist, pro-central banking, anti-BTC, shill poster who has already created 5000 fake spam accounts is once again doing it.  Your posts are useless now that everyone knows where they originate from.  You're basically pumping Bitcoin now by showing how afraid the banking interests are of it.

hi /pol/

Oddly enough, he had a period of making some informed and reasoned posts. Wonder what happened to him?

Was he wronged somehow? This could be a coping mechanism. The vulnerable sometimes get comfort from placing blame on a diaphanous, omnipotent, and malevolent foe when they don't possess the means or acumen to "right the wrong" themselves.

By the way That Mircea Popescu dude is a schizo clown.

More like egomaniac.  He's using this issue to try and draw attention to himself.  The block limits were put there to prevent spam as a short term bandaid.  There's obviously a problem with making block sizes too large, but it would also require an enormous Bitcoin economy to make it a problem, or...lots of people spamming the chain with gambling site nonsense.  As long as you can prevent spam, increasing the upper limit isn't that big of a deal.

I guess it comes down to an issue of, would you rather have fractional reserve bitcoin where everything is off-chain, or non-fractional reserve where everything is on-chain with more bloat.  Some people might ask, if you're doing everything off-chain, then how is it beneficial over the systems we already have?  There's clearly some point there since the Keynesians could still be running wild in an off-chain system.

[manis]

You don't necessarily have to get trapped in a pump and dump.
You may also benefit by riding it.

[talks_cheep]

Looks like the top has been reached at 380. Sell before the drop accelerates.

[Cconvert2G36]

Looks like the top has been reached at 380. Sell before the drop accelerates.

As long as you've got those goal posts on casters, you're gold.

yep, just as expected, a drop from 325 to 315 a few minutes ago at bfx.

I bet it will go up to 320, sideline there for a few days and then another from 320 to 310, rises to 315 for a few days, and then another drop from 315 to 305. Drop by drop, we are going down. This is the story of bitcoin.

[manis]

Looks like the top has been reached at 380. Sell before the drop accelerates.

Predicting tops (or bottoms) is risky business.
Set stop loss/ lock profit levels, and ride out the storm.

[talks_cheep]

Looks like the top has been reached at 380. Sell before the drop accelerates.

As long as you've got those goal posts on casters, you're gold.

yep, just as expected, a drop from 325 to 315 a few minutes ago at bfx.

I bet it will go up to 320, sideline there for a few days and then another from 320 to 310, rises to 315 for a few days, and then another drop from 315 to 305. Drop by drop, we are going down. This is the story of bitcoin.

@Cconvert2G36, don't be a creep, digging other's past, I bet I can dig up a skeleton from your past, however, I am not a creep, so I won't do shady things like that.

[Cconvert2G36]

Looks like the top has been reached at 380. Sell before the drop accelerates.

As long as you've got those goal posts on casters, you're gold.

yep, just as expected, a drop from 325 to 315 a few minutes ago at bfx.

I bet it will go up to 320, sideline there for a few days and then another from 320 to 310, rises to 315 for a few days, and then another drop from 315 to 305. Drop by drop, we are going down. This is the story of bitcoin.

@Cconvert2G36, don't be a creep, digging other's past, I bet I can dig up a skeleton from your past, however, I am not a creep, so I won't do shady things like that.

Be my guest, you have my explicit permission to dig up the last week of my posts, not further tho!

[NorrisK]

We will likely see a similar run to last one, a slowish price rise at first (happening now), creating some nice green candles, that will escale quickly afterwards.

600-700 might be touched briefly if this is the case.

[Namrekka]

Looks like the top has been reached at 380. Sell before the drop accelerates.

+1

[maokoto]

It does not seem to me like the last one. Last one was much faster going to 500, but now it does not seem to get past the 400. I am talking in Eur a bit, since I trade the Btc/Eur pair.

I think it will go down from here, raises tend to be more sharp.

[bhodson]

From what I have seen the price goes up when there is a good reason.

I am still waiting for someone to tell me what the good reason is this time.

[Amph]

Looks like the top has been reached at 380. Sell before the drop accelerates.

i don't think so, it dropped like that when we were around 350, then it skyrocketed again

is yet to be seen the full outcome of this pump, there may be some good surprise, i would buy at this range, at best it could drop from few %

[RodeoX]

Hey Talk, I was wondering if you could tell to us what you think a "pump and dump" is? Can you explain the process please?