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June 20, 2017, 06:23:19 PM |
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As of today, over 2,000 altcoin enthusiasts have invested in CryptoPing, a so-called market-watching and -analysis bot. Regardless of what "analysis algorithms" they put in to this thing, the idea is that traders can sign up for BUY, BUY, BUY notifications when a coin is about to go up. Never miss another big pump! To me, this sure sounds like a self-fulfilling prophecy machine: Step 1 - Tell users to buy 'cause price will go up; Step 2 - Users buy; Step 3 - What do you know! The price goes up.
Am I missing something here? Other than the convenience of getting market notifications, it seems like this essentially what they're selling. A cheap scam. Is this really the right place to invest 380+ BTC??
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