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blmpnetwork (OP)
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May 02, 2018, 04:47:07 AM
Last edit: May 28, 2020, 10:05:17 PM by blmpnetwork
 #1

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Prodigan786
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May 02, 2018, 06:07:43 AM
 #2

What do you mean by pump and dump most of the project still running based on speculation and News . Even being in traditional equity security trader it was common . Pumps and dumps happen for sure . we cant control in any trading platform . But in crypto space its bit more because its still new . We can restrict for some far by removing chat bot in trading platform.
blmpnetwork (OP)
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May 03, 2018, 07:03:27 AM
Last edit: May 28, 2020, 10:05:35 PM by blmpnetwork
 #3

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shinratensei_
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May 03, 2018, 07:08:38 AM
 #4

What are the best methods of protecting the community from these campaigns?



I guess the correct thing is about pump and dump group but it can't be avoided because basically the exchange sites are opened to the everyone. Remember it has been running in an illegal way and organized by some people behind that. The only a good thing to spread an awareness if pump and dump group just a kind of method to fool the members. 

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DarkBullet
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May 03, 2018, 07:23:52 AM
 #5

Those PUMP and DUMP groups are located in different part of the world and using different types of social media platform like messenger, telegram, discord, slack, etc., to communicate with its members so I might say that it will be impossible for these guys to stop them or even tracking them. The best methods for now is to avoid these P&D groups and it would be better if we just rely on ourselves by doing our own research when trading.
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May 03, 2018, 07:43:23 AM
 #6

What are the best methods of protecting the community from these campaigns?



Pump and dump was happen by participating of "fomo" peoples. I mean if you aren't greedy, you'll not chase that "green candle", and that method can't effect to you. And stay away form any P&D channel
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May 03, 2018, 07:43:33 AM
 #7

what do you mean by "Pump and Dump" campaign?
if it's about the way I think trading is very difficult to stop because the law of a trades that there is indeed a sell and buy. the more that buy automatically the situation will dump and if more and more who make a purchase it will happen pump
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May 03, 2018, 07:46:39 AM
 #8

What are the best methods of protecting the community from these campaigns?




You can't stop them. You could try to push them and maybe somehow lower the amount but they are going to exist in cryptocurrency trading, specially for lower caped coins. You can't restrict people from buying and selling and thus you can't stop these campaigns.
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May 03, 2018, 07:59:10 AM
 #9

There is no way to stop pump and dump campaigns because cryptocurrency market is an open market, people can buy as much as they can without any limits if they want to, and they can sell as many cryptocurrency they want.
Removing chatbots from trading platforms might be a good solution to stop the Pump and Dump participants flooding hundreds of messages into the public chat rooms on command expecting to influence fellow traders to buy or sell a certain asset, but this will cause constraints to many individuals in the crypto space.  there is one proposed solution called the circuit breaker, which puts a temporary hold on trading in case an asset’s price moves up or down significantly in a short period of time hence reducing the effectiveness of price manipulation actions. What do you think about this solution?
This can not stop pump and dump from happening, even trading platforms disable those public chat box/room (or whatever you call that) there are still lots of ways to communicate with each other, there are lots of pump and dump groups on social media platforms, telling their members to buy a specific cryptocurrency to pump the price. About this circuit breaker, I don't think it is a good idea, it is like controlling the assets of people and what they can earn, by prohibiting them to buy and sell whenever they want.
bavicrypto
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May 03, 2018, 08:01:06 AM
 #10

What are the best methods of protecting the community from these campaigns?




Since pump and dumps are prohibited by law, regulation could make an end to these endless pump and dumps. I don’t think it will be something governments focus on first though, as they want to take part of the cake themselves first before focusing on anything else

The only way is up ~bavicrypto
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May 05, 2018, 11:14:27 AM
 #11

It will be good only if we analyze by ourselves such projects, I do not think that there ever will be something that can protect us from this fraud. I think it is impossible to take those pump and dump campaigns away.
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May 05, 2018, 11:55:15 AM
 #12

This question isn't general because almost all tokens are pumped and dumped depending on the kind of project. Tokens are pumped by different factors and also dumped by different factors. So there will always be rise and fall because that's how traders make their money daily, weekly, monthly and so on.
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May 05, 2018, 12:14:33 PM
 #13

you can not because people love them!
of course there are two types of people who love them. one is the newbies who are newbie enough to join a pump group or join the pump itself and lose money. they love them based on an illusion and will soon start cursing them.
the others which are the bigger group are those who love them because they can jump on board and make a lot of money from each pump and laugh at bag holders. they won't want them to go away!

Holding Bitcoin More Every Day
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May 05, 2018, 12:17:35 PM
 #14

In that question, we cant stop or control when the price of any campaign will Pump or Dump. Users are the one who make what happen to the price. Fastiest selling is the lowest bid in market.
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May 05, 2018, 12:20:30 PM
 #15

Warn users for the consequences of these campaigns and the staff should actually remove these type of campaigns from the forums. Also we should not give to much attention about this topic, it could make people curious to these kind of campaigns and potentially join because of the urge to make easy money.
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May 05, 2018, 12:25:43 PM
 #16

I believe that you means Pump and dump groups not campaigns . You really can not do anything to stop it , But you can do a lot of things t avoid the pump and dump coins/tokens , It is really easy to stop . And by avoiding them , Pump and dump groups will die slowly because they will not find victims to feed on . If they pump a coins and most users succeeded into avoiding it then they will find no money to collect and then by default they will die slowly .
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May 05, 2018, 12:47:11 PM
 #17

What are the best methods of protecting the community from these campaigns?




Education on how to spot them for a start.  Part of the problem is that there are organized groups out there with the means to influence coin prices.  Best thing to counter this is education and to drill it into peoples heads that they need to research what they want to invest in.
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May 05, 2018, 12:51:57 PM
 #18

Well nothing to do about that pump and dump companies or group... they have paid by other companies or project too... it's all about money dude or crypto-world. Just go with the flow... and still they are anonymous... and no one cares about what they do because we and they cannot be defeated or stop...and as long as they have clients or customer... they will never be dissappeared.
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May 05, 2018, 01:08:34 PM
 #19

What are the best methods of protecting the community from these campaigns?
You should start with yourself. Do not participate in pump and dump and if you know someone participating in it then advise them to avoid it because they will just lose in the long run. There are some who opt to create their own channel and recruit new members to join their channel because they know that they will end up losing if they were just a member. They have to be the admin to actually profit from this scheme.

It will be good only if we analyze by ourselves such projects, I do not think that there ever will be something that can protect us from this fraud. I think it is impossible to take those pump and dump campaigns away.
It would be better if we trade on our own and not depend on someone to trade. More often than not when someone advise you to buy something then they probably just want to pump their coin. Besides that, people will only realize their mistake in joining pump and dump groups when they are burn.

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May 05, 2018, 01:31:51 PM
 #20

What are the best methods of protecting the community from these campaigns?


actually its hard when we talk about community. As we know that there are various of people in the community.

there are pros and cons with this, and the most problematic is that there are pitted both of them, even they will flaming. I think in the community, there must be really rules that prohibit PnD campaign.
once the breaking rules, kick them.
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