jackthebeanstalk
Newbie
 Offline
Activity: 52
Merit: 0
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June 27, 2013, 12:42:45 PM |
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Funny when you first announce that you intend to pump LTC, normally such people would announce after and not before
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pinarello
Full Member
Offline
Activity: 266
Merit: 100
NXT is the future
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June 27, 2013, 01:10:04 PM |
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100 BTC here what do i have to do?
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yeltz
Member
Offline
Activity: 73
Merit: 10
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June 27, 2013, 01:18:16 PM |
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I'm thinking something like this probably isn't very healthy for LTC :-/
Thoughts?
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anderl
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June 27, 2013, 04:11:48 PM |
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I'm thinking something like this probably isn't very healthy for LTC :-/
Thoughts?
It is not. Publicly addressing this kind of intention makes me think about what the hidden intentions are. Not just of the OP but others reading this who would consider selling into the pump to offload a lot of LTC that they think they can get back at a lower price after the pump is over. I could see the OP buying in ahead of the pump in order to sell into the pump. The result... many people that are holding LTC for a loss. Either they will be sellers immediately and take the loss or sellers when the price breaks even on them. Either way it creates a negatively in the tradeable asset. I've spend over a decade trading forex and I started in penny stocks in the late 90s. I know the anatomy of a pump and dump I know that the public posting are not what is really happening behind the scenes. I recommend everyone be very careful with this. |
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culexevilman
Legendary
Offline
Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
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June 27, 2013, 04:21:54 PM |
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this shit only works if no one else knows about it...so... fail.
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Lowlander
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June 27, 2013, 05:18:47 PM |
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on btc-e....  |
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peonminer
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June 27, 2013, 05:35:39 PM |
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OP, I have 9 Trillion to invest. Please send me your Wallet Stealer... *cough* erhm, 'Pump Bot'.
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mr_random
Legendary
Offline
Activity: 1274
Merit: 1001
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June 27, 2013, 06:00:32 PM |
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I'm thinking something like this probably isn't very healthy for LTC :-/
Thoughts?
Any kind of attempted market manipulation is not good for a crypto currencies reputation. This kind of activity would actually be highly illegal in a regulated market and you would serve jail time. it's like that for a reason (leads to big market crashes, instability and of course unwitting people get burned). |
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msweb (OP)
Member
Offline
Activity: 99
Merit: 10
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June 27, 2013, 07:41:33 PM |
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Such market manipulations are 'illegal' because 'normal' people can make a lot of money with em. Laws are made by the powers that be to make sure they don't loose their position. Ask yourself why only the elite can make big money on wall street with similar actions and don't get jailed. As long as this is the case I have to say: Fuck the elite and fuck the law. The plan has changed. We will all join fontas' pump: https://forum.litecoin.net/index.php/topic,4698.0.html |
Next development steps to go (I'm working on the designs):
1. A decentralized cryptoexchange protocol
2. A cryptocoin with a fix USD/Coin rate
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billotronic
Legendary
Offline
Activity: 1610
Merit: 1000
Crackpot Idealist
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June 27, 2013, 07:51:18 PM |
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lol... this kind of bullshit is what gives the crypto scene a bad name.
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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June 27, 2013, 08:01:01 PM |
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This only works when a small group of people (with lots of coins) do it privately and secretly..
Anyone who follows this "pump" will lose big, don't do it, invest a safe amount (you can afford to lose) in ltc, don't expect too much, sell early enough (before fontas dumps big time)...
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hathmill
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June 27, 2013, 08:03:20 PM |
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This is the free market in action. Free market has no laws, so people f#ck other people, so that people make laws, so that we dont get a free market. Its funny and sad.
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weav
Sr. Member
Offline
Activity: 350
Merit: 250
- "Bitcore (BTX) - Airdrops every Monday"
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June 27, 2013, 09:09:07 PM |
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This only works when a small group of people (with lots of coins) do it privately and secretly..
Anyone who follows this "pump" will lose big, don't do it, invest a safe amount (you can afford to lose) in ltc, don't expect too much, sell early enough (before fontas dumps big time)...
"This" referring to a pump and dump disguised as a stable pump scam? Because if not, if fontas plans to proceed as described then clearly it will work whether nobody knows or everybody, he simply has the means to buy up all the sell orders, simple as that. |
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anderl
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June 27, 2013, 09:25:59 PM |
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Such market manipulations are 'illegal' because 'normal' people can make a lot of money with em. Laws are made by the powers that be to make sure they don't loose their position. Ask yourself why only the elite can make big money on wall street with similar actions and don't get jailed. As long as this is the case I have to say: Fuck the elite and fuck the law. The plan has changed. We will all join fontas' pump: https://forum.litecoin.net/index.php/topic,4698.0.htmlthere is a difference between "rule of law" and the veil of "rule of law". If you can't see the difference then you are clueless. you're still young and naive, you'll learn in time. |
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Borgminer
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August 22, 2015, 07:04:09 AM |
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another pump please |
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