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Author Topic: Pump and dump is the name of the game.  (Read 3409 times)
cybersofts
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August 21, 2017, 12:05:16 PM
 #1

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin
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August 21, 2017, 12:20:53 PM
 #2

Did you guys noticed what was happening recently in the crytocurrency world? People pump certain coin and then dump it later when the price hit the highest level. And then buy later when the price dip to the lowest level. What do you think of this? Share your thoughts Grin

This is now getting common with cryptocurrency...probably because the market is not yet that huge compared to maybe forex or stocks and that means that a group of people or whales can easily sway the movement of a coin's price.

Many small coin holders are also doing this thing and they just call it as trading...waiting for the coin to pump and then sell the coin and then wait for the coin to go dip and buy the same coin...making some profits along the way.


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August 21, 2017, 12:22:26 PM
 #3

Happening recently? It's been going on since the dawn of Bitcoin, so almost 10 years.
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August 23, 2017, 01:22:07 PM
 #4

I think that's normal in the world of trading, especially in the cryptocurrency world where a group of people pump the price of a coin and when they get profits, they dump the prices of that coin  so they can buy again at a low prices
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August 23, 2017, 01:29:22 PM
 #5

This has been happening since the advent of cryptocurrency exchanges. As long as there isn't a rule regarding artificially increasing the price of cryptocurrencies, there would be pump and dumps that will happen. The thing with exchanges is that they don't impose any rules about this since they take a cut off of trades within their platform.




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August 23, 2017, 01:51:34 PM
 #6

Thats happening all the time since everyone can establish his own shitcoin. Nothing new.
If there is no any direct or special usage of that coin then it hits it's cap and then then the price is correcting it falls AF (some kind of panic selling with no bottom line).
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August 23, 2017, 02:08:23 PM
 #7

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

This hasn't been happening recently, it has been happening since the very beginning, and not only in crypto-currency markets, it happens in any markets with low liquidity, pretty sure penny stocks also some crazy volatile shit. Cheesy

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August 23, 2017, 02:17:00 PM
 #8

In case you have not notice it is how really it is played out and it is not only happening to the cryptocurrency world but also in the stock market and as well as the foreign exchange. But I have to admit the pump and dump techniques happend often with the altcoin market because the prices of each altcoin is only based on demand it is not like a stock of a corporation in which you can analyze its fundamentals.

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August 23, 2017, 02:29:34 PM
 #9

This has been happening since the beginning, in crypto and every other market out there (stocks, FX, commodities, etc).
Most likely will continue until the market matures, becoming more liquid, and a proper structure of valuation, token analysis and information brokerage is in place.  Undecided
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August 23, 2017, 02:37:39 PM
 #10

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin
It doesnt happen recently but it did when cryptotrading was just started on which pump and dump scheme would really be there knowing prices do only have 2 ways to go which is up and down. There are coins can easily be manipulated but talking on bitcoin and other huge volume  coins it cant be easily be manipulated to be affected on that pump and dump schemes.

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August 23, 2017, 02:39:20 PM
 #11

This is so old man. There is nothing new behind this. You can easily find thousand f group in Telegram, Slack, Skype, pr whatever with people doing it multiple time daily. Faking the troll box conversations with ready made script etc.
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August 23, 2017, 02:57:18 PM
 #12

I think that's normal in the world of trading, especially in the cryptocurrency world where a group of people pump the price of a coin and when they get profits, they dump the prices of that coin  so they can buy again at a low prices

It used to be normal in stock trading till the 1930's, when they outlawed it after the Wall Street crash. Of course Cryptocurrency is completely unregulated, which means anything goes and it is up to investors to be aware of what is happening and not get caught buying at the top of pumps.

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August 23, 2017, 03:16:12 PM
 #13

Actually that's how trading really works, buy them low and sell them high. If you could read some tips given in this forum about trading ever since this forum had started, mostly that's their advice when it comes to trading coins.
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August 23, 2017, 04:04:26 PM
 #14

I think that's normal in the world of trading, especially in the cryptocurrency world where a group of people pump the price of a coin and when they get profits, they dump the prices of that coin  so they can buy again at a low prices

It used to be normal in stock trading till the 1930's, when they outlawed it after the Wall Street crash. Of course Cryptocurrency is completely unregulated, which means anything goes and it is up to investors to be aware of what is happening and not get caught buying at the top of pumps.

I am wondering if we can also outlaw manipulation in cryptocurrency market but that would really be so difficult to implement. And we have to remember that cryptocurrency is supposed to be unregulated and should be away from anyone's control though what is happening is the opposite of what we wanted to get. There will always be pumps and dumps and in some cases they are done by big whales.
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August 23, 2017, 04:45:18 PM
Last edit: August 23, 2017, 06:01:59 PM by deisik
 #15

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

This is not a news, by any means

And Bitcoin is not the first asset with which these pumps and dumps happen. You can see essentially the same in any speculative market across the world. It is the same even with gold and silver since physical metals make up only a small fraction of all gold and silver traded out there. Obviously, the paper gold cannot be used for anything else but outright speculation, and thus people with piles of money move the market the way they see most profitable at the moment. For example, the Hunt brothers tried to corner the silver market in 1980 (though they failed miserably in the end)

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olushakes
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August 23, 2017, 05:03:06 PM
 #16

Did you guys noticed what was happening recently in the crytocurrency world?
People pump certain coin and then dump it later when the price hit the highest level.
And then buy later when the price dip to the lowest level.

What do you think of this? Share your thoughts Grin

Since you know this secret, then the next is to make the money because that's just the use of any information but unfortunately we don't know the next coin that this will happen to. Everybody knows whats going on in the crypto world and that's why volatility is the order of the day but this volatility are caused by human factor which you have summarised as PUMP and DUMP. As an individual, the onus is now on you whether you want to be a fool or win in the game.
dragonusa9
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August 23, 2017, 05:23:11 PM
 #17

im thinking that its just usual thing happened on the market, especially on bitcoin too.
they pump and dump to play with the price, so they can get more profit possible. just some basic of trading profit though
malikusama
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August 23, 2017, 06:02:37 PM
 #18

This is a common scenario of the cryptocurrency market, that's how the big fishes are able to grow their assets more and more. Many users are now aware of this Pump and Dump of coins. I have observed not only bitcoins but many other altcoins are totally following the same path of Pump and Dump later.
allohha
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August 23, 2017, 06:08:16 PM
 #19

This is a common scenario of the cryptocurrency market, that's how the big fishes are able to grow their assets more and more. Many users are now aware of this Pump and Dump of coins. I have observed not only bitcoins but many other altcoins are totally following the same path of Pump and Dump later.
It seems to me that comparing growth and falling with the game is very important, because I still find very much the same between gambling and trading. This is almost identical occupation, although everyone has their socks and complexities.
flyingcat
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August 23, 2017, 06:37:32 PM
 #20

Actually that's how trading really works, buy them low and sell them high. If you could read some tips given in this forum about trading ever since this forum had started, mostly that's their advice when it comes to trading coins.
Buy low sell high just is basic knowledge for newbie, when you want become to professional trader, special are day trader, you need know Margin trading and choose this type for trading in long time. Wink


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