Chinese pumping dead coins!

[nzminer]

Is anyone else curious to see coins like Stability Shares (XSI) bump up on CMC to astronomical levels?

I held Stabilityshares for some time to the point it was worthless after the devs abandoned it for a second time.

Its unclear if chinese devs have taken over the project, but why do they choose to pump such dead coins ill never know.

I dumped mine after the first pump when they were at an all time high of 2c each.

Now they are all of a sudden 12c each!

Only problem is i could not sell them at this price if i had kept them, unless i could read chinese, as all these chinese exchanges are not in english! lol

Anyway the coin was removed from one of the last major "western" exchanges only the other week due to low volume.

Seems rather odd what is going on, but apparently its big news over in china! lol

YbCoin seems to be another coin that little is known about and look at the pump there.

Keen to know if others have a better idea on what is going on in china.

Seems they are all desperate to get their hands on any crypto they can.

[stoat]

Chinese investors have very sparse access to solid information on the fundamentals of cryptocurrencies.  As evidenced by the price of litecoin. 

[benthach]

some how they know etherium is a premine scam coin which  is not going to work  

[stoat]

some how they know etherium is a premine scam coin which  is not going to work  

Give it a rest turdface no one, literally no one, gives a rats ass about your opinion.

[Richard1972x]

It’s really true that most of the recent pumps have been initiated in China.
But not just dead coins.
Think about the pumps of Nxt within the last two weeks, all are initiated at Chinese exchanges.

For me now also an investment perspective for Alt coins: Is it listed at the Chinese exchanges or not? If so it’s good because this could be the next one that gets a pump. Very interesting.

[benthach]

some how they know etherium is a premine scam coin which  is not going to work  

Give it a rest turdface no one, literally no one, gives a rats ass about your opinion.

you do

[kennyP]

VPNcoin is another chinese developed coin that was mooning +100% a few days ago, with insane volumes too. I think it's a genuine coin though (with a partnership with SuperNET), but the pump was still hard to fathom all the same. The Chinese are definitely the driving force in crypto now.

[Snail2]

Guys, guys, chill out, it's not about chinese "investors" or great coin features. Chinese PDers often pumping dead or almost dead coins. They can buy these coins for peanuts and after a silent accumulation period thy can pump it to orbital heights, maybe together with some hype or announcing new devs, whatever.

Apart from the hype potential these guys don't give "a rats ass about" functionality of ETH or LTC, or whatever other coins. They are after good opportunities to make a decent profit and that's all. Don't be naive and think about them as investors. They are gamblers with shitloads of money what they want to multiply.

[nzminer]

Guys, guys, chill out, it's not about chinese "investors" or great coin features. Chinese PDers often pumping dead or almost dead coins. They can buy these coins for peanuts and after a silent accumulation period thy can pump it to orbital heights, maybe together with some hype or announcing new devs, whatever.

Apart from the hype potential these guys don't give "a rats ass about" functionality of ETH or LTC, or whatever other coins. They are after good opportunities to make a decent profit and that's all. Don't be naive and think about them as investors. They are gamblers with shitloads of money what they want to multiply.

Im sure there are alot out there trying to scam people for sure, i dont know what must go down on their chinese versions of bitcointalk, but i expect your right on whats going on.

[nonbody]

In 2013 the bitcoin's price is mostly pumped by Chinese speculators. It seems they fascinate speculation.

[Pursuer]

they pump seemingly dead coins for the same reason anybody else pumps these coins.

they accumulate enough of it at low prices to earn a good profit then they pump the hell out of it to sell their bags and gain profit. you should never keep these coins while they are taking a dive for the worse and just keep hoping for the profit. just sell before you lose a lot.

[KhalDrago]

chinese are retards, they should get into real projects, this only hinders cryptos growth.

[BitcoinNational]

Chinese investors have very sparse access to solid information on the fundamentals of cryptocurrencies.  As evidenced by the price of litecoin.  

LOL ... agree ... disagree ... there seems to be no communication bridge between the West and the East but I suspect YB Group coins are going to out preform the Western coins

But LTC and Doge seem to be the agreed coins of value.

Then things like Earth, Apple, ZCC, Union, Stabilty Shares, SAK, ABC, BILS ... I have no clue

[pazor_true]

hello chinese pumpers!

please pump EMD, HBN, DMD, LTC, FTC, BTC, NVC, PPC, NMC, HYP, RBY, DOGE
 

[BitcoinNational]

China likes
LTC-BTC-PPC-DOGE-FTC-Earth-Moon-Tips-BLK-BTS-NXT-XEM-XCR

Russians like
NVC-EMer-PPC-NMC

All will like
EMD, DMD, and eventually UNO  

Longshots
HBN, RBY

Odd-Duck
HYP

[BellaBitBit]

China likes
LTC-BTC-PPC-DOGE-FTC-Earth-Moon-Tips-BLK-BTS-NXT-XEM-XCR

Russians like
NVC-EMer-PPC-NMC

All will like
EMD, DMD, and eventually UNO  

Longshots
HBN, RBY

Odd-Duck
HYP

I am glad China likes BTC and LTC.  UNO is interesting.

[cakir]

It's basically called "Takeover scam".
What's that?
1- Collect most of the coins from the lowest point (1-10 satoshi each).
2- Takeover shitcoin
3- Resurrect shitcoin
4- Pump it's price x1000 at least. (Since there's not much sell orders because it's dead& they collected them really cheap).
5- When you see enough buy support, dump'em all.  At least 100x is guarantee.

Don't fall for this scam.

[pazor_true]

It's basically called "Takeover scam".
What's that?
1- Collect most of the coins from the lowest point (1-10 satoshi each).
2- Takeover shitcoin
3- Resurrect shitcoin
4- Pump it's price x1000 at least. (Since there's not much sell orders because it's dead& they collected them really cheap).
5- When you see enough buy support, dump'em all.  At least 100x is guarantee.

Don't fall for this scam.

what a recipe to get rich quickly!

[okae]

It's basically called "Takeover scam".
What's that?
1- Collect most of the coins from the lowest point (1-10 satoshi each).
2- Takeover shitcoin
3- Resurrect shitcoin
4- Pump it's price x1000 at least. (Since there's not much sell orders because it's dead& they collected them really cheap).
5- When you see enough buy support, dump'em all.  At least 100x is guarantee.

Don't fall for this scam.

Nothing new and nothing that will not occur again, THANKS @cakir for advert people about this scam type, sometimes is funny to see how all those chinese exchanges are going on

[BitcoinNational]

It's basically called "Takeover scam".
What's that?
1- Collect most of the coins from the lowest point (1-10 satoshi each).
2- Takeover shitcoin
3- Resurrect shitcoin
4- Pump it's price x1000 at least. (Since there's not much sell orders because it's dead& they collected them really cheap).
5- When you see enough buy support, dump'em all.  At least 100x is guarantee.

Don't fall for this scam.

what a recipe to get rich quickly!

so what ... don't doubt that china might be a step ahead

"1- Collect most of the coins from the lowest point (1-10 satoshi each)."

@cakir
you fail to see the MAGIC in that proposition
for 5 UNO i will tell you