3x2
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Activity: 1526
Merit: 1004
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April 25, 2017, 11:21:24 AM |
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Yeah, easy to manipulate coins with lower marketcap.
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dihari (OP)
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April 25, 2017, 11:22:07 AM |
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I will forget about the question about this activity is immoral or not. The best thing I have learned with pump and dump condition is, so many people can easily get rich when they make a gambling at low price. And just for few hours , boom they have lot money to withdraw.
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azguard
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Crypto-News.net: News from Crypto World
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April 25, 2017, 12:12:41 PM |
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I will forget about the question about this activity is immoral or not. The best thing I have learned with pump and dump condition is, so many people can easily get rich when they make a gambling at low price. And just for few hours , boom they have lot money to withdraw.
True but most of altcoin is controlled by single or few persons that can easily manipulate price and generate pump and dump as they pleased some can be predicted but others are made for easy scam and getting rich as you mentioned but for holders.
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JosNekoKopa
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April 25, 2017, 02:07:54 PM |
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Majority of people knows story behind alts and they are not worried. Alts are there to stay and as human greed they will follow us, maybe they will only change their shape from time to time! But there is alweays hope that will apear one that will change the game. I don't know why would be diffrent story be for Bitcoin? Deep pockets could influence price very easy.
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Lauren Smith
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April 25, 2017, 02:11:34 PM |
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Altcoins generally follow a trend until a pump or dump happens. You can profit off the pump and dump and any decent coin will recover from that with fair ease. It balances out unless it's a crap coin or people destroy it by dumping it right at the beginning after the ico especially.
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carlfebz2
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April 25, 2017, 02:14:14 PM |
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Is it true, Altcoins price can be manipulate? I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world. If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
You cant compare Forex trading and crypto trading because they do really differ on volumes and knowing about forex its so vast and marketcap is huge but still manipulation is still possible on it but it would be a hard thing for them to execute because once they have been caught they would go to jail and that forex works unlike on altcoin which you can easily manipulate price specially if you are a bag holder then pumping and dumping on coin would be easy but knowing the right time to ride is the hardest part.
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Piston Honda
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Juicin' crypto
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April 25, 2017, 03:42:36 PM |
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EVERY SINGLE ONE !
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$ADK ~ watch & learn...
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fortunecrypto
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Activity: 2520
Merit: 1048
Reward: 10M Shen (Approx. 5000 BNB) Bounty
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April 25, 2017, 04:02:17 PM |
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Is it true, Altcoins price can be manipulate? I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world. If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
It's still interesting and profitable forex and cryptocurrency is very much different indeed,some coins are made for long term investment and some coins are made for pumps and dumps and it's up to you where you want to trade,for long term and short term but both of them can make you money .
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erikalui
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Activity: 2632
Merit: 1094
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April 25, 2017, 04:13:31 PM |
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Altcoins cannot be manipulated to a great extent compared to bitcoins but the market does go through small manipulations. We can see DASH and ETH having small fluctuations of $5-$10 almost every week but it depends mainly on the market state and not controversies or media articles. Huge pump or dump cannot happen often in case of altcoins unless the dev is responsible for the same.
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Omega Weapon
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April 26, 2017, 01:07:59 AM |
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Is it true, Altcoins price can be manipulate? I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world. If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
Of course the price can be manipulated, if the price of bitcoin can be manipulated when so much more money moves in bitcoin then it is logical to assume that altcoins are way easier to manipulate, but don’t worry it is not a permanent thing, the manipulation can only las so much.
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NoiseBoy
Sr. Member
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Activity: 266
Merit: 250
Sound. Fury. Signifying.
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April 26, 2017, 05:24:27 AM |
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Anything can be manipulated, altcoins especially so.
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MissGrey
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April 26, 2017, 05:55:32 AM |
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You don't need a bank's money for make a fake pump in the world of altcoins, especially altcoins with a low market cap this is the difference with Forex where institutional traders are the only ones who do this kind of movements.
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btc_angela
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April 26, 2017, 06:49:09 AM |
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Is it true, Altcoins price can be manipulate? I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world. If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
Try to join a pump and jump group so you will know how the practice of pump and dump on alt-coins are being done mostly by the pro and some newbie traders. That's why some there are a lot of alt-coins, one reason is to get profit out of it as much as someone can then they died naturally or being de-listed.
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Yuhee
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April 26, 2017, 04:29:15 PM |
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Is it true, Altcoins price can be manipulate? I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world. If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
It is manipulated in a way to ctrl the holders. if you wont manipulate the price how you gain interest or how will it grow. it's up to you if you want to invest on it or not. Probably not as easy as it sounds this is just how the crypto world works. not always that is stagnant or at the high peek.
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nemgun
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April 26, 2017, 04:33:58 PM |
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I like most of the answers here, but you all seems to consider price manipulation from tiny key hole.
There is a simple answer to the question, and it is : Yes.
Which leads to annother question: How ?
The most basic price manipulation occures un the exchange, regardless of his size. The majority of exchanges manipulates the prices or creates fake orders. It is easy to do as they have access to their database. Just open the database and put random numbers, and you are done manipulating a coin's price.
No one really needs to go any further.
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Inkdatar
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April 26, 2017, 04:42:08 PM |
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As far as I know altcoins price can be reallg manipulated because I beleive there is a team if pump and dump groups. Also a big whales of the coins, each altcoins has a developer. So, I do beleive it is manipulated where done by pump and dump team.
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johnwest
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April 26, 2017, 05:34:44 PM |
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Haven't you heard of buying your own coin.? Developers do that to increase the popularity of their coin and make a trap for the traders and bag holders. Some developers think about the investors and be truthful to investors otherwise most of them create altcoins to make money from money.
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colombuszka
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April 26, 2017, 06:11:54 PM |
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Is it true, Altcoins price can be manipulate? I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world. If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
Sure. A lot of cases happen around like this: 1. Have a big amount of BTC. 2. Search for a cheap altcoin (usually around 1k satoshi or lower. 3. Lets buy it up in small pieces. It will give you a great amount of that coin and redirect some attention to the project 4. Lot of people will think that something big is coming and it is worth buying 5. After it reaches a high price, dump it back slowly. 6. 7. Profit
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Sundark
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April 26, 2017, 08:16:19 PM |
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Yeah, easy to manipulate coins with lower marketcap.
It is easy to manipulate coins with large marketcap if you are a big whale. The reality is that even bitcoin is not immune to price manipulation. Don't be naive to think that altcoin markets are healthy and 100% organic, they were created to be manipulated. There is no economy market which is 100% resistance to manipulation, fiat based or crypto based, it doesn't matter.
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Robertqueen2
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April 26, 2017, 09:26:21 PM |
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Is it true, Altcoins price can be manipulate? I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world. If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
Sure. A lot of cases happen around like this: 1. Have a big amount of BTC. 2. Search for a cheap altcoin (usually around 1k satoshi or lower. 3. Lets buy it up in small pieces. It will give you a great amount of that coin and redirect some attention to the project 4. Lot of people will think that something big is coming and it is worth buying 5. After it reaches a high price, dump it back slowly. 6. 7. Profit You didn't mention that this coin should be on Yobit, wait for them until they turn the wallet into maintenence mode, then expect a big pump.
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