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Author Topic: The pumping of "Forgotten coins"!  (Read 1436 times)
findingthemoon
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June 09, 2017, 03:27:15 AM
 #21

yeah, I've noticed that too. it is the work of pump groups and it is really interesting to see how many newbies are following these pump groups and pour their money in their pockets easily!
it is a nice move for many though, because these nearly dead altcoins have a lot of miners who have billions of these coins in their bags for no reason which they gave up on but now they can dump it to get a nice amount of bitcoin.

Yeah its basically a way to relieve newbies of their coins. The ones who fall for it typically see the prices rising and want to jump on the bandwagon without researching the coin or realizing they are being duped.

When you are bagholding some dead coin of course its always lovely to see it get pumped out of nowhere and is the only reason I backup all my dead alts somewhere if they are not on an exchange already.
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Golftech
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June 09, 2017, 03:34:54 AM
 #22

i seen a lots of telegram groups who made a certain pumped providing tips that some coin will be pumped and I'm not sure if they all related but it seems that they really getting good profits when some newcomers and greedy traders comes and buy those coins, better to stay away or risk money that you can afford to lose, so if ever you've been trapped you can cope up right away.

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aguila
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June 09, 2017, 03:56:12 AM
 #23

There is a lot of hype around Bitcoins and Altcoins, there are big whales investing and moving money, people are taking advantage of unpopular Altcoins and pumping it, a lot of speculation, fear of a bubble. Usually it is the same with the stock market but with way more volatility.

ghostunicorn
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July 20, 2017, 08:31:55 PM
 #24

money laundering?

Money laundering is not possible with that easy things. With these pumps, they probably try to steal your money by tricking you. They make the process known as pump and dump.
dave773
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July 20, 2017, 09:47:18 PM
 #25

Lets revive darkcoin and blackcoin and bring those back from the dead with a nice pump Smiley
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July 21, 2017, 09:53:56 PM
 #26

I think it's just big bag holders passing the crap to noobs.  The coin just dies again. This is why you must hold your dead coins you never know when a pump starts.

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