Fontas' pump and the sudden support of TRC on BTC-e in the same week. hmm?

[wmikrut]

who is Fontas ?

A member in BTC-e chat... usually starts panic sells to drop prices of a coin.
I've seen him (and his alternate ego accounts) do it several times to Litecoin.

It's usually all hot air... I do the opposite of whatever he rants about.

[Cheshyr]

He has a twitter.  It used to be, he'd post a coin, date, and time.  I imagine he bought a reasonable quantity before the announcement.  Roughly around the start time, it'd shoot up, chew through a couple sell walls, peak, then crash... although generally settling higher than it started, since nobody wanted to sell at a loss.  Being in control of the system has certainly made him a lot of money. 

Now, the minute he posts anything, all remotely matching currencies on the indicated exchange go chaotic... even if the declared event time is hours or days away.

It's really quite strange.  Eventually he will have milked all the cash out of his followers, and it'll settle into something moderate...  but for now, popcorn.

[jasonslow]

Fontas is really a genius about pumping any crytocurrency. If you want to follow this is his twitter. https://twitter.com/fontase

[StephenJH]

who is Fontas ?

It's usually all hot air... I do the opposite of whatever he rants about.

I've done well following this approach too... it's easy for a small timer to watch these waves and pick off the mass of fools between the fake walls.

[sumantso]

I actually made a small profit yesterday with TRC. Got in and out quick. I guess the losers are the ones who were holding on for a bigger return.

[elvisrene]

well i think that he made some people money and for other he made them lost that is the way the market works

[MaGNeT]

I actually made a small profit yesterday with TRC. Got in and out quick. I guess the losers are the ones who were holding on for a bigger return.

TRC hashrate and difficulty are getting very stable atm.
There are only close to 2,000,000 TRC so they are still undervalued.

I'll buy some more today, price is going up slowly.

[awahid2020]

Fontas is really a genius about pumping any crytocurrency. If you want to follow this is his twitter. https://twitter.com/fontase

Lol yeah, that account is closed  must be a gr8 man than 

[Mikellev]

his name is also here: http://dealbook.nytimes.com/2013/12/05/in-the-murky-world-of-bitcoin-fraud-is-quicker-than-the-law/?_r=1

[peterlustig]

Fontas seems to have made enough to retire... Or he doesn't like to read his name in the NY Times. 

[Altoidnerd]

Fontas seems to have made enough to retire... Or he doesn't like to read his name in the NY Times. 

I miss this guy. "You're certainly not obligated to, but it's nice to be on the right side of a price movement sometimes."   Ahhh fontas.