Alt Club

[jambaman42]

Alt Club's has announced the date f the first pick: Wednesday, May 15, 2013. 7pm Eastern Standard Time.

The countdown is on.

http://www.altclub.co

http://collectionofawesome.files.wordpress.com/2010/10/fight-club-slide.png

Edited the picture.

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[inspiredinvestor]

love the image! great quote 

[WishIStartedSooner]

the cryptos you own end up owning you

[jambaman42]

Everyone should join!

[gica_contra]

If you gaze long enough into your wallet it also gazes back into you.

[mantler]

A man walks in to a bank and asks if he can convert his dollars to bitcoin.

His account is frozen and he is reported as a possible terrorist to the FBI.

[22naru]

"Bitcoin is designed to bring us back to a decentralized currency of the people," says Andresen, a 44-year-old software developer and entrepreneur.
 

[willhash4food]

A new way to pump and dump! 

[iamrickrock]

“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
― Albert Einstein

BBQcoins FTW!  Because no one cared about them and I have a lot of them lol

[Joerii]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

[ohhaithere]

Do not sign up for this site, especially with passwords you care about. Just signed up and got a "welcome" email with my password in plain text. Quickly changing all my old pool passwords from back when I was a noob and didn't use unique passwords for each one.

[Praxis]

Next target: BBQCoin

[Joerii]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

[ReCat]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

Look who's talking.

(Inside joke)

[willhash4food]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading! 

[zero3112]

New post or old?

[Joerii]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading! 

You two seem very immature and trolling, but I'll reply annyway.

You can be into finance, trading and crypto and still try to do the right thing. Just because there are people who don't care about the losses of others doesn't mean you shouldn't care either. What goes around comes around.

Just because it's possible and easy to do, and you don't see the faces of the people you hurt, doesn't make it right.

I have the skill and knowledge to buy stolen creditcard numbers and info, go on TOR and buy shitloads of cryptocurrency with those stolen funds. But I don't. I like to sleep well at night knowing that I'm contributing to this world instead of merely TAKING.

Wow look at me rant. I guess you start to look at right and wrong a little bit closer when you're about to have a kid and are thining about how to raise them.

[Vycid]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

It's cute that you consider it stealing. Profiting off of people's greed is not theft; if you see massive green candlesticks, odds are it's a pump and dump. If you buy anyway, you are taking a rather large risk of getting fleeced.

What? In the real world we call stuff like this "insider trading" and people get sent to jail over it.

The laws don't apply here, but the principles do.

[willhash4food]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading! 

You two seem very immature and trolling, but I'll reply annyway.

You can be into finance, trading and crypto and still try to do the right thing. Just because there are people who don't care about the losses of others doesn't mean you shouldn't care either. What goes around comes around.

Just because it's possible and easy to do, and you don't see the faces of the people you hurt, doesn't make it right.

I have the skill and knowledge to buy stolen creditcard numbers and info, go on TOR and buy shitloads of cryptocurrency with those stolen funds. But I don't. I like to sleep well at night knowing that I'm contributing to this world instead of merely TAKING.

Wow look at me rant. I guess you start to look at right and wrong a little bit closer when you're about to have a kid and are thining about how to raise them.

1. No one forces anyone to trade.

2. Don't invest money you can't afford to lose.

If you can't keep your emotions in check long enough to follow the above rules, doing "the right thing" isn't going to help you. Morality is irrelevant in a game of numbers.

 

[mckmuze]

Has anyone looked at TradeHill or tried to get an account? I have a feeling a lot of large pump and dump action is set in motion and the dark pools can facilitate that action. I have been debating on opening an account.

[Joerii]

I guess it's no use talking about right and wrong with greedy people.

Morality is never irrelevant.

[Vycid]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading!  

You two seem very immature and trolling, but I'll reply annyway.

You can be into finance, trading and crypto and still try to do the right thing. Just because there are people who don't care about the losses of others doesn't mean you shouldn't care either. What goes around comes around.

Just because it's possible and easy to do, and you don't see the faces of the people you hurt, doesn't make it right.

I have the skill and knowledge to buy stolen creditcard numbers and info, go on TOR and buy shitloads of cryptocurrency with those stolen funds. But I don't. I like to sleep well at night knowing that I'm contributing to this world instead of merely TAKING.

Wow look at me rant. I guess you start to look at right and wrong a little bit closer when you're about to have a kid and are thining about how to raise them.

In case you haven't realized yet, this is a zero sum game. Anything you make, someone else loses. No matter if I'm part of a group that's pumping and dumping, or just a lucky loner, anything I gain is a loss for others. Morality is irrelevant.

What? In the real world we call stuff like this "insider trading" and people get sent to jail over it.

The laws don't apply here, but the principles do.

First, you just said it, the laws don't apply here. Second, it's only insider trading if you are a part of a company behind a stock. Since no one owns cryptocurrencies, and they don't generate revenue, insider trading is impossible.

It's not strictly accurate to say that it's a zero-sum game. If everyone agrees cryptocurrencies are worth something, then value has actually been created. It's the day-to-day fluctuations that are the zero-sum game.

As for the laws: no, cryptocoins aren't stocks - the laws don't apply. But they trade like securities, and the moral basis for the insider trading laws is to prohibit unfair trading based on information asymmetry - exactly what is happening here.

[Joerii]

<snip>
 But they trade like securities, and the moral basis for the insider trading laws is to prohibit unfair trading based on information asymmetry - exactly what is happening here.

Yep, it's simply not fair because the "altcoin club" gang knows something the rest doesn't. They KNOW it's going to drop, they are not taking a risk. Ofcourse a good number of the gangs members are going to get screwed too.

[ReCat]

There's always a risk with trading. Everyone who trades accepts that risk. In the end, everyone can win and lose as well, and most people do win some and lose some. So who even cares? This just encourages more people to trade, getting more people enthused in cryptocurrency, and, if anything, raising awareness of cryptocurrency. Which can be considered a good thing. IMO.

[willhash4food]

<snip>
 But they trade like securities, and the moral basis for the insider trading laws is to prohibit unfair trading based on information asymmetry - exactly what is happening here.

Yep, it's simply not fair because the "altcoin club" gang knows something the rest doesn't. They KNOW it's going to drop, they are not taking a risk. Ofcourse a good number of the gangs members are going to get screwed too.

Not fair?

You're going to have a hard time in the market if you don't collect as much info as you can and do the math. The market doesn't care about being fair. The market doesn't care about you. And if you choose to care about it, you wont be doing the hammer dance for long, my friend.

[Joerii]

This isn't a private thing. Are you suggesting that because I, say, read Fontas' Twitter and someone else didn't, that I am guilty of insider trading?

I agree the line gets blurry when the "insiders" are communicating in the trollbox or on twitter, but whenever there's a group of people with enough buying power to influence price, and they have they don't share with 100% of the people who are trading what they're doing, it's unfair.

And to the other poster : "  Everyone's doing it so I'm doing it too !" Is not a valid argument. "They deserve it because it because there is no law against it" is also not a valid argument.

[Joerii]

<snip>
 But they trade like securities, and the moral basis for the insider trading laws is to prohibit unfair trading based on information asymmetry - exactly what is happening here.

Yep, it's simply not fair because the "altcoin club" gang knows something the rest doesn't. They KNOW it's going to drop, they are not taking a risk. Ofcourse a good number of the gangs members are going to get screwed too.

Not fair?

You're going to have a hard time in the market if you don't collect as much info as you can and do the math. The market doesn't care about being fair. The market doesn't care about you. And if you choose to care about it, you wont be doing the hammer dance for long, my friend.

I'm not you friend, pall.

A knife also doesn't care about being fair, yet stabbing someone with it isn't very nice, now is it

EDIT : I never said the market should be fair. I'm saying traders should be fair.

[Joerii]

This isn't a private thing. Are you suggesting that because I, say, read Fontas' Twitter and someone else didn't, that I am guilty of insider trading?

I agree the line gets blurry when the "insiders" are communicating in the trollbox or on twitter, but whenever there's a group of people with enough buying power to influence price, and they have they don't share with 100% of the people who are trading what they're doing, it's unfair.

And to the other poster : "  Everyone's doing it so I'm doing it too !" Is not a valid argument. "They deserve it because it because there is no law against it" is also not a valid argument.

Except they do share it publicly. Some people miss it, others ignore it, and they lose money.

No they don't share, they form a "club" that you have to sign up for, pay money to sign up for even. Did you even click the link in the OP ?

Trading alt coins is not just about joining a pump and then getting out before the dump. But I have the feeling I'm talking to people who just learned the whole concept of trading securities last week so maybe I should just leave you guys alone and alow you to get burned. Thats how you learn lessons anyway : the hard way.

[willhash4food]

This isn't a private thing. Are you suggesting that because I, say, read Fontas' Twitter and someone else didn't, that I am guilty of insider trading?

I agree the line gets blurry when the "insiders" are communicating in the trollbox or on twitter, but whenever there's a group of people with enough buying power to influence price, and they have they don't share with 100% of the people who are trading what they're doing, it's unfair.

And to the other poster : "  Everyone's doing it so I'm doing it too !" Is not a valid argument. "They deserve it because it because there is no law against it" is also not a valid argument.

Except they do share it publicly. Some people miss it, others ignore it, and they lose money.

No they don't share, they form a "club" that you have to sign up for, pay money to sign up for even. Did you even click the link in the OP ?

Trading alt coins is not just about joining a pump and then getting out before the dump. But I have the feeling I'm talking to people who just learned the whole concept of trading securities last week so maybe I should just leave you guys alone and alow you to get burned. Thats how you learn lessons anyway : the hard way.

What do you think the market is made of? Hint: traders

If you think pump & dump doesn't exist on the NYSE or Nasdaq, maybe you don't understand how the market works. The big boy market IS ALL PUMP AND DUMP.

Besides, joining such an "alt club" will only result in pawns moving money for the person running the club. And if his plan works, well, then he's a genius for implementing it first.

[Joerii]

This isn't a private thing. Are you suggesting that because I, say, read Fontas' Twitter and someone else didn't, that I am guilty of insider trading?

I agree the line gets blurry when the "insiders" are communicating in the trollbox or on twitter, but whenever there's a group of people with enough buying power to influence price, and they have they don't share with 100% of the people who are trading what they're doing, it's unfair.

And to the other poster : "  Everyone's doing it so I'm doing it too !" Is not a valid argument. "They deserve it because it because there is no law against it" is also not a valid argument.

Except they do share it publicly. Some people miss it, others ignore it, and they lose money.

No they don't share, they form a "club" that you have to sign up for, pay money to sign up for even. Did you even click the link in the OP ?

Trading alt coins is not just about joining a pump and then getting out before the dump. But I have the feeling I'm talking to people who just learned the whole concept of trading securities last week so maybe I should just leave you guys alone and alow you to get burned. Thats how you learn lessons anyway : the hard way.

I think it is you who learned of trading last week. I think I see the disconnect here. You are telling us what traders should do, what they would do in a world governed by morality. We are telling you what traders will do, in this world, that is governed by profit. If any good trader can get a step up above the competition, they will do it. If you won't, then you will lose. That's just how it works.

I'm gonna let you have the last word here cause I need sleep Have fun inside trading while you can get away with it.

[willhash4food]

This isn't a private thing. Are you suggesting that because I, say, read Fontas' Twitter and someone else didn't, that I am guilty of insider trading?

I agree the line gets blurry when the "insiders" are communicating in the trollbox or on twitter, but whenever there's a group of people with enough buying power to influence price, and they have they don't share with 100% of the people who are trading what they're doing, it's unfair.

And to the other poster : "  Everyone's doing it so I'm doing it too !" Is not a valid argument. "They deserve it because it because there is no law against it" is also not a valid argument.

Except they do share it publicly. Some people miss it, others ignore it, and they lose money.

No they don't share, they form a "club" that you have to sign up for, pay money to sign up for even. Did you even click the link in the OP ?

Trading alt coins is not just about joining a pump and then getting out before the dump. But I have the feeling I'm talking to people who just learned the whole concept of trading securities last week so maybe I should just leave you guys alone and alow you to get burned. Thats how you learn lessons anyway : the hard way.

I think it is you who learned of trading last week. I think I see the disconnect here. You are telling us what traders should do, what they would do in a world governed by morality. We are telling you what traders will do, in this world, that is governed by profit. If any good trader can get a step up above the competition, they will do it. If you won't, then you will lose. That's just how it works.

EDIT: Willhash4food, I like your avatar, it's cute. 

Ha. Well put on both accounts. "Should" only ends up in frustration. Someone who speaks in moralities like 'get away with it' 'right and wrong' and 'fair' is better off not trading at all. Setting your emotions aside to trade numbers can be a very difficult lesson for feelies.

[OurSUBMARINEGo]

I'm not sure why the 'ethics' of this are being argued about. I mean, if ANYONE is trading, they are making an attempt at making gains off of other people's losses. How can they be upset if someone does the same thing to them?

[maunderingcabal]

Is this some kind of Nihilist/Anarchist insider trading club for altcoins? I'm in.

[Impaler]

Joerii, I salute your moral compass, and mourn for the lack of such in the rest of the threads posters.

[Balthazar]

Code:

Error establishing a database connection

[Liquid]

Im in

[comal]

http://www.empowernetwork.com/msycks/files/2013/01/benStillerDoIt1.jpg

[Zaih]

I dislike this idea, but best of luck... 

[Astrophysical]

This isn't a private thing. Are you suggesting that because I, say, read Fontas' Twitter and someone else didn't, that I am guilty of insider trading?

I agree the line gets blurry when the "insiders" are communicating in the trollbox or on twitter, but whenever there's a group of people with enough buying power to influence price, and they have they don't share with 100% of the people who are trading what they're doing, it's unfair.

And to the other poster : "  Everyone's doing it so I'm doing it too !" Is not a valid argument. "They deserve it because it because there is no law against it" is also not a valid argument.

Guess who influences the big Bitcoin swings. This happens on a much much larger scale there just you don't see the groups of original miners dare to post a thread declaring it here.

[Uchmanpj]

I'm interested in this because it's creating buzz, and where there's buzz there's vol and profit opps. I just hope the creators aren't getting the biggest paydays...

[Manstef]

http://www.empowernetwork.com/msycks/files/2013/01/benStillerDoIt1.jpg

Okay then

[robotrebellion]

Why not.

[champbronc2]

I think this has the potential to pump CNC above .003. Make some stacks.

[kjlimo]

the first rule is not to talk about it...

I suppose this is just like the stock promoters?  No basis, but people follow them, so it kinda works sometimes maybe, haha?

[BTCLondon]

www.HardBTC.org

[/b][/color]

Physical Bitcoin trader to the world .... I'll send them anywhere.

Currently retailing Casascius coins.

Awaiting new stock any day, only got a few 1BTC coins for sale.

Feel free to register with the site, I'll let you know when the stock arrives. With luck, I'll be able to do them at at better rate.

Cheers

David Bailey
www.HardBTC.org

[champbronc2]

Honestly, you'd be a fool not to join this.

Cryptocurrencies other than BTC and LTC and possibly NMC and PPC are scams. The entire market is speculation and hype. These currencies have ZERO practical value. Thus its market price is solely based on hype.

So, if you think you can outsmart the hype, then fuckin go for it. Otherwise, you may as well join us while we take the money out of the pockets of the kids livin in the clouds.

[tom_o]

Honestly, you'd be a fool not to join this.

Cryptocurrencies other than BTC and LTC and possibly NMC and PPC are scams. The entire market is speculation and hype. These currencies have ZERO practical value. Thus its market price is solely based on hype.

So, if you think you can outsmart the hype, then fuckin go for it. Otherwise, you may as well join us while we take the money out of the pockets of the kids livin in the clouds.

This man speaks truth, once this gets momentum there's bank to be made

"and may you live in interesting times"

[Joerii]

heh all this fightclub stuff is so juvenile

[digitalindustry]

"Get a free upgrade to level 1 access for a limited time. How much can you know about yourself if you've never been in a fight?"

i've been in a lot of fights , and all i found out about myself was what parts to try avoid getting hit in, but i never managed to be able to avoid them?

count me in, oh wait, is there any practical use? , i already know how to trade. ?

[digitalindustry]

How much can you know about yourself if you've never been in a fight?

avoid fights carry a gun.

yeah i agree fight club is a bit 90's (although i love it) for a site that's going to try to tell you when to pump and dump. Last one out loses!

I trade FX , one of the best sites is just an open forum http://www.forexlive.com/

great guys.

[Jakewell]

I would like to pump any coin..
http://www.arts-stew.com/wp-content/uploads/2013/02/Muhammad-Ali-I-hated-every-minute-of-training-but-I-said-Dont-Quit.-Suffer-now-and-live-the-rest-of-your-life-as-a-champion..jpg

[digitalindustry]

Is the countdown ticker in honor of the Avalon one? lol

[bobbit]

NMC for the win!

[jrlepage]

Gogo MNC!!

[Praxis]

BBQCoin!

[alwind]

Lets see if its real

[e.m.]

still not shure what this is actually!

[optimystic]

LTC FTW

[BugSpirit]

BBQ - the coin to feed the world. Or get peoples food and leave them dying in ephiopian wastelands.

[TheSwede75]

So it's a club for douchebag kids to get scammed by 'promoting' a alt-coin that large holders can dump on them. Gotcha! Good luck w that.

[WishIStartedSooner]

So it's a club for douchebag kids to get scammed by 'promoting' a alt-coin that large holders can dump on them. Gotcha! Good luck w that.

I was wondering about that. Wouldn't some of the members get burnt themselves out of all this?

[jomay]

In case you haven't realized yet, this is a zero sum game. Anything you make, someone else loses. No matter if I'm part of a group that's pumping and dumping, or just a lucky loner, anything I gain is a loss for others. Morality is irrelevant.

What? In the real world we call stuff like this "insider trading" and people get sent to jail over it.

The laws don't apply here, but the principles do.

First, you just said it, the laws don't apply here. Second, it's only insider trading if you are a part of a company behind a stock. Since no one owns cryptocurrencies, and they don't generate revenue, insider trading is impossible.

So many "finance experts" here with their knowledge of market rules based on watching Wall Street the movie. You can go to jail for trading even if you do not have inside information on a stock.

Market abuse covers insider trading and market manipulation. Wikipedia has a good definition of the latter: http://en.wikipedia.org/wiki/Market_manipulation

Market manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency.

For example:

Runs: "When a group of traders create activity or rumors in order to drive the price of a security up."
Pools: "Agreements, often written, among a group of traders to delegate authority to a single manager to trade in a specific stock for a specific period of time and then to share in the resulting profits or losses."

So yes, you could eventually go to jail for your proposed actions on a regulated market. I am not a legal expert and don't know if it applies on BTC-e or MtGox, and quite frankly I do not care as I would simply never get involved in such a scheme.

It also makes a lot of sense that the CFTC is planning to regulate the Bitcoins exchanges. If anything it would be good for Bitcoins if it was regulated - at least if you engage in a legal activity and you are not in it for money laundering or fraudulent activities.

[Menelik]

"Some people are so ungrateful to be alive."http://onestophumour.com/uploads/some_people_is_too_ungrateful_5658786389.jpg And then some people have a right to bitch. I'm going to be using bitcoins. They are my favorite cause I got them for free. (END RANDOM SHIT)

[limitless]

"Bitcoin is designed to bring us back to a decentralized currency of the people," says Andresen, a 44-year-old software developer and entrepreneur.
 

And an economist would laugh his fucking ass off.

[tom_o]

"Bitcoin is designed to bring us back to a decentralized currency of the people," says Andresen, a 44-year-old software developer and entrepreneur.
 

And an economist would laugh his fucking ass off.

And we'll be laughing when the dead cat or chicken bounces.

[jgivg]

Altclub just announced their pick. Mincoin.
http://www.altclub.co/current-pick-mnc-mincoin-pump-at-800-est/

[dman99]

Mincoin it is.

[binaryFate]

So Mincoin it will be.

[Joerii]

Ofcourse the Scammer that runs Altclub already has a ton of mincoins and will dump them on his clubmembers. No honor amongst thieves/

[kjlimo]

Altclub just announced their pick. Mincoin.
http://www.altclub.co/current-pick-mnc-mincoin-pump-at-800-est/

So did that already happen, or is that what they are planning for May 15th @ 8PM EST?

[Praxis]

So far the pumps have been modest. MNC is the long term promotion goal.

[zacho56]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Couldn't agree more.

[kjlimo]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Couldn't agree more.

I'm torn; while I hear you that the pump & dump thing seems bad, I'm willing and ready to profit for their stupid methodology... so I'm ok with profiting off of the sheep that follow this sheep herder.

I use the same strategy for investing in stocks prior to institutional investors using their analysis to determine their next move (and I'm trying to guess what their move is before they know).

I consider this similar to penny stock promoters... I don't listen to them, and I think the people who follow them are mostly blind sheep; however, there is some fundamental analysis behind their recommendations, it's just that people use them incorrectly.

Not sure what the right answer is, but it's always a tough call.  Granted there are many people who think car salesmen are evil b/c they turn profit off of people who are uneducated and don't know the market value of a car...

Is there a difference?  please discuss before making rash quick judgments...

[ogee]

Alt Club's has announced the date f the first pick: Wednesday, May 15, 2013. 7pm Eastern Standard Time.

The countdown is on.

http://www.altclub.co

http://collectionofawesome.files.wordpress.com/2010/10/fight-club-slide.png

Edited the picture.

Let gogogogog

I like all coins but most of them all the one that I can eat

"Buy high from me, I buy em back low from you"

http://www.petersmeats.com.au/images/beef-recipes.jpg

///
ogee

[R_Lem]

run chickun run....   

[binaryFate]

I do not get what is the matter with people claiming it is like a scam, that it is moraly bad or similar things.
Any "successfull trading" is successful only because it takes money from someone else anyway.

[ca2008hy]

Alt Club's has announced the date f the first pick: Wednesday, May 15, 2013. 7pm Eastern Standard Time.

The countdown is on.

http://www.altclub.co

http://collectionofawesome.files.wordpress.com/2010/10/fight-club-slide.png

Edited the picture.

fight

[champbronc2]

Alt Club is a joke. With better organization, it could've been something.

Whoever Tyler is, he sadly just isn't smart enough to be a leader.

[jomay]

I do not get what is the matter with people claiming it is like a scam, that it is moraly bad or similar things.
Any "successfull trading" is successful only because it takes money from someone else anyway.

I am sure you did not read my post carefully: https://bitcointalk.org/index.php?topic=196690.msg2107320#msg2107320.

Any organized market manipulation creates false or misleading prices. The market is not efficient anymore and potential investors lose trust in its fairness and value. This hurts the market as a whole and is pretty dangerous for (alt)coins, as their value is entirely based on trust. Hence coins would possibly gain in value if they were regulated.

I do not care enough if you kill (alt)coins with these practices. But I do think that strict punishment and tough jail sentences are in order for regulated markets as happened in this case: http://ca.finance.yahoo.com/news/ex-fund-manager-sentenced-prison-insider-trading-211424063.html

[hardup]

Ha ha love it

"Some people are so ungrateful to be alive." And then some people have a right to bitch. I'm going to be using bitcoins. They are my favorite cause I got them for free. (END RANDOM SHIT)

[Dexterity]

So...who else rode on the WDC waves? Barely mined anything and just bought my coins.

https://i.imgur.com/5Yzi9bl.jpg

[webwolf86]

http://wp.patheos.com.s3.amazonaws.com/blogs/christianpiatt/files/2013/05/bitcoin_precious.jpg

[milly6]

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

shhhh