Fun Challenge: Can You Spot the Pump-and-Dumps

[fintekneeks]

Since this is a common accusation against projects and I've seen claims that a simple glance at a chart can answer this question,
 can you spot the pump-and-dump?  A related question is does a chart always indicate a pump-and-dump (as opposed to a cycle)?

[talkbitcoin]

yes it is possible to detect a pump and dump from the chart. and it is easy, when you open a chart and see a big rise without any reason followed by a sharp initial drop and then slow death, that is a pump and dump for you.

the real question is "can you spot a pump before it happens".
i am going to go with YES on this one too but it is much harder and needs a trained eye. for example before the pump happens, they have to have bought the coins, and that buying phase causes some disturbance in the regular charts in both price and volume.

[European Central Bank]

shouldn't we be teaching people to spot the non pump and dumps? these days almost everything is.

[carlfebz2]

yes it is possible to detect a pump and dump from the chart. and it is easy, when you open a chart and see a big rise without any reason followed by a sharp initial drop and then slow death, that is a pump and dump for you.

the real question is "can you spot a pump before it happens".
i am going to go with YES on this one too but it is much harder and needs a trained eye. for example before the pump happens, they have to have bought the coins, and that buying phase causes some disturbance in the regular charts in both price and volume.

If you are a keen trader you will surely detect the possible pumps and I tried this already but there are really times that you will always miss or fall out to the fake out.Lets say you are seeing a huge buy order wall and you might think that it would be resulting a huge pump on the price and suddenly they cancel orders which means opportunities doesn't really happen all the time.

[ahoenk]

for me

i spot dump if there is big buying wall and i spot the pum if i see big selling wall, all of these thing usually before or after announcement feature.

and i always buy before news and sell at the news.

however some times i got dumped and pumped, crypto world is a cruel world.

[NorrisK]

shouldn't we be teaching people to spot the non pump and dumps? these days almost everything is.

Isn't that basically the same thing? If you can spot the pump n dumps, you can spot those that are not as well.

The biggest thing is identifying the accumulation phase before the pump. If you can manage that, you can ride the pump when it starts.

[fintekneeks]

shouldn't we be teaching people to spot the non pump and dumps? these days almost everything is.

I see them going hand-in-hand.  If you know what a bad project looks like, in theory you should know what a good project looks like.

[NUFCrichard]

shouldn't we be teaching people to spot the non pump and dumps? these days almost everything is.

Well if you can spot the pump and dump before it really takes off, that is much better for trading than the good long term project.
I don't really see any good long term investments in the alts world, but I do try to pick out a few lucky dips in the PnD game.

Nushares and Stellar have both been good ones for me recently, but it really is just guess work. Just don't buy after a 50% rise and hold, or you will probably be left a bag holder

[aioc]

You really are a good trader if you can easily spot a pump and dump as it happen,it's profitable to engage but you need to know when to enter and when to exit I lost a lot from coming in late and leaving to early .

[fintekneeks]

You really are a good trader if you can easily spot a pump and dump as it happen,it's profitable to engage but you need to know when to enter and when to exit I lost a lot from coming in late and leaving to early .

For some, but if I truly believe a project is a P-and-D, I would avoid it and advise others to or advise others to be extremely careful, which we do anyway.

[fintekneeks]

The answer to yesterday's game, from our own viewpoint.  Even if something looks like a p-and-d, that doesn't mean the project will fail or that that's the intent of the project.  Still, it was meant to be a fun challenge.  In general, we advise strong caution with anything.