Alt polo pump

[jubalix]

Sooooo  I wonder if it went down like this:

Buy all coins

Pump 3 coins insane level 1000%

everyone jumps in and buys up everything 200% hoping to catch the wave, pumpers sell already brought in coins

20 of the can sell 30 + coins at 200% they can still make a profit after pumping 3 coins at 1000% OR

Something is going on we don't know.

Its interesting that POLO holds largish 1% staking wallet for BTC Plus

[maku]

I was under the impression that this type of pump and dump actions are happening pretty much all the time.
What else you can think of when price of altcoin X suddenly skyrocket without any valid reason or news to back the gain up?
Just read altcoin speculation section, you will find there many threads about sudden pumps... We are not discovering anything here.
Organize your pump squad and your are pretty much ready to go.

[StinkyLover]

It's all good for the long term. Anyone who bought wisely last year is up!

2016 
2017 

[poloniexwhale]

I think this year will be the bullish year of alt-coins, because of bitcoin's hard fork fight everyday, bitcoin makes bitcoiners miserable, fortunately we have alts.

[Scuds31091]

PEPECASH also on a similar trend. Lots of marketcap room to go though!

[bugsywugsy]

You think that's shady? Try taking a closer look at the margin market on Polo.

[ttookk]

I think this year will be the bullish year of alt-coins, because of bitcoin's hard fork fight everyday, bitcoin makes bitcoiners miserable, fortunately we have alts.

Meh. I think we are at a point in a recurring pattern, that can be observed here:

http://coinmarketcap.com/charts/#btc-percentage

See those rises, followed by downward spikes?

Maybe I am totally off, but that looks like a pattern to me.
If it is, we will have a few weeks of altcoin frenzy ahead of us, followed by a slow and painful bear market. Once BTC spikes again in a year or so, it is time to stock up on all the goodies. I think that's how I will keep it next winter, see how it turns out. Sitting on bitcoin has never been the worst option. But, to be completely honest, at least in parts I want to trade just to have fun. But I don't need my whole stack for that.

[jubalix]

You think that's shady? Try taking a closer look at the margin market on Polo.

u think its leverage pumped eh?

I just hope the margin call system is robust

[housebtc]

I think this year will be the bullish year of alt-coins, because of bitcoin's hard fork fight everyday, bitcoin makes bitcoiners miserable, fortunately we have alts.

Meh. I think we are at a point in a recurring pattern, that can be observed here:

http://coinmarketcap.com/charts/#btc-percentage

See those rises, followed by downward spikes?

Maybe I am totally off, but that looks like a pattern to me.
If it is, we will have a few weeks of altcoin frenzy ahead of us, followed by a slow and painful bear market. Once BTC spikes again in a year or so, it is time to stock up on all the goodies. I think that's how I will keep it next winter, see how it turns out. Sitting on bitcoin has never been the worst option. But, to be completely honest, at least in parts I want to trade just to have fun. But I don't need my whole stack for that.

I totally agree with you, but my fear is just the number of people that are going to be bagholders of this shitcoin.

[freedomno1]

You think that's shady? Try taking a closer look at the margin market on Polo.

u think its leverage pumped eh?

I just hope the margin call system is robust

Could be but usual margined coins come from the lending section.
The prices of all alts went up together as the Bitcoin price dropped relative so the only problem with the leverage pump theory is the lending side doesn't show significant interest on the coins yet the usual pumps hit the loan cap at 2% for a sustained period of time but most are at the regular sub 0.002-3 range at present.

[Gemniet]

I think this year will be the bullish year of alt-coins, because of bitcoin's hard fork fight everyday, bitcoin makes bitcoiners miserable, fortunately we have alts.

I agree with that. The bitcoin is in serious trouble due to the small block size.

[Teraboy]

I think this year will be the bullish year of alt-coins, because of bitcoin's hard fork fight everyday, bitcoin makes bitcoiners miserable, fortunately we have alts.

I agree with that. The bitcoin is in serious trouble due to the small block size.

It will get fixed asap, just keep your eyes on the scalability drama by the core and BU. you will see a lot of the fuckin baby drama. THat's really sucks for bitcoiners.

[Ayers]

this is always how crypto work dude, nothing new, the last time polo did this exact pump was with pascal coin, pump it two times, in a row hoping for new investors to fall in their pump and dump everything at the peak that they decide, and they also get a quite good percentage on the trading volume, it's in their interest to make this pump last as much as possible

[xGravity]

Wow very interestening. I can tell that if a group "X" trys to push up a coin they can easily do it.
For people with much BTC it does not hurt to invest about 20 BTC in order to make another 20 BTC.
I watched my first mega push back in 2014, as a coin increased it's value by a factor 100, "crashing" again to a level about 130% where it was before.
Very impressive to see what people can do with much bitcoin on the altcoin market.

[kernels10]

PEPECASH also on a similar trend. Lots of marketcap room to go though!

Pepecash and the Rare Pepe economy are more than your average shitcoin.