Chinese pumping dead coins!

[stoat]

Seems like ETH is opening up new money for crypto. 

When the ETH starts rising people will realise why they got into this stuff in the first place and get back into ETH.

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[nzminer]

Nothing attractive to me about ETH whatsoever.

NXT or NEM all the way.


Xiaomicoin looks like another chinese pump also.

[kelsey]

Nothing attractive to me about ETH whatsoever.

NXT or NEM all the way.

while certainly fits into the title of 'dead coin' especially with it current issues, NEM's had its pump, be enough bagholders from it, and it almost the only coin on btc38 that in reversal, tis of no interest to the Chinese, surprised its even listed on btc38.

[nzminer]

Nothing attractive to me about ETH whatsoever.

NXT or NEM all the way.

while certainly fits into the title of 'dead coin' especially with it current issues, NEM's had its pump, be enough bagholders from it, and it almost the only coin on btc38 that in reversal, tis of no interest to the Chinese, surprised its even listed on btc38.

There is lots of stuff going down in Japan with NEM, the Devs have been careful not to even pump up prices with hype, rather announcing news instead of promises!

ETH seems more of a scam to me since the devs gathered millions of $ of BTC with what to show?

Looks like they got pretty rich from it.

[kelsey]

Nothing attractive to me about ETH whatsoever.

NXT or NEM all the way.

while certainly fits into the title of 'dead coin' especially with it current issues, NEM's had its pump, be enough bagholders from it, and it almost the only coin on btc38 that in reversal, tis of no interest to the Chinese, surprised its even listed on btc38.

There is lots of stuff going down in Japan with NEM, the Devs have been careful not to even pump up prices with hype, rather announcing news instead of promises!

ETH seems more of a scam to me since the devs gathered millions of $ of BTC with what to show?

Looks like they got pretty rich from it.

lol 75% of the NEM thread is pumping type hype.

[hl5460]

You are right, some are pumping dead coins. I heard a btc38 user complained that his MEC stuck due to no blocks on the chain.

[nzminer]

Nothing attractive to me about ETH whatsoever.

NXT or NEM all the way.

while certainly fits into the title of 'dead coin' especially with it current issues, NEM's had its pump, be enough bagholders from it, and it almost the only coin on btc38 that in reversal, tis of no interest to the Chinese, surprised its even listed on btc38.

There is lots of stuff going down in Japan with NEM, the Devs have been careful not to even pump up prices with hype, rather announcing news instead of promises!

ETH seems more of a scam to me since the devs gathered millions of $ of BTC with what to show?

Looks like they got pretty rich from it.

lol 75% of the NEM thread is pumping type hype.

Rubbish, its quite the opposite actually.

[CryptocurrencyNetwork]

Does anyone know if earthcoin is another possible chinese pump?

The volume of earthcoin, Ybcoin, and stabilityshares is almost identical. (Over $1.9 million)

Does CMC use BTC38 as a source for information?

There is alot of speculation that some of these chinese exchanges are fraudluent and posting incorrect data on volumes etc to pump up price.

If so, CMC should remove such exchanges.

Well the chart shows it completely red, so that is your answer.

[monsanto]

Does anyone know if earthcoin is another possible chinese pump?

The volume of earthcoin, Ybcoin, and stabilityshares is almost identical. (Over $1.9 million)

Does CMC use BTC38 as a source for information?

There is alot of speculation that some of these chinese exchanges are fraudluent and posting incorrect data on volumes etc to pump up price.

If so, CMC should remove such exchanges.

I think that's a key part of the scam.  Probably mostly wash trades and done in cahoots with the exchange.  They probably can see if someone is moving coins in to dump into their orders.  Most likely every shady thing possible is being done since there doesn't seem to be any repercussions.

[Richard1972x]

The question for me is: which is the next one they will push. Earthcoin was quite a surprise.
Feathercoin?
Worldcoin?

[dzejmsdin]

they've pushed almost everything yesterday

[stoat]

Just dumb money washing around the market because ETH is causing earthquakes.

We're about to get a second billion dollar blockchain and that one will be ETH.

[robelneo]

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.

You have given me a good idea but I need to be active on these chinese ex changers to get all the updates on what coins that they are going to resurrect,this strategy can make anyone rich if he always have an update or an inside look ..

[tmfp]

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.

this strategy can make anyone rich

Quoted for posterity "I told you so" lols in the future.

[patricken]

You are right, some are pumping dead coins. I heard a btc38 user complained that his MEC stuck due to no blocks on the chain.

Can that user run the chain and after he gets his money back from exchange and stops operating?

[pazor_true]

Amazing !
EMD is at the lowest price ever.

https://www.cryptopia.co.nz/Exchange?market=EMD_BTC

[vlom]

i think nothing happened at cryptopia.co.nz.

this exchange is has no volume.

[BitcoinNational]

Chinese pumping dead coins!

guess was true.

looks like there where no plans behind ANY of it

still not sure what viable ALTs (beside LTC/Doge) does Red China dig?

[ethereumhunter]

chinese pump on coins that they like. i am waiting for their next pump. maybe its time to see chinese market and make some analysis of what coins will be the next and ready to make a buy with small investments on that coins.

[robelneo]

I respect the chinese community for their contribution to the crypto currency market,they are indeed a driving force,sure they have a pumping groups,any country can form a pump groups and speculative groups for any coin that they want to make profit and they are good at what they are doing right now..