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Author Topic: The pump and dump tactic  (Read 1630 times)
lavishlifing
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August 28, 2018, 04:35:30 PM
 #241

The easiest way is to stay away from shitcoins, coins
that gained hundreds of percent, that is way too obvious
to tell that it is a pump and dump coin, choose those coins
that are more stable
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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doanlang
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August 28, 2018, 06:01:48 PM
 #242

Just like stocks are traded on the floor or on commissions, Cryptocurrency is a prime target for pump and dump aimed at scam or creating FOMO and FUD waves to the market. For those with purchasing power, it's a easy way to get rich quick by making the price. For others, nine out of ten, you will lose. This is one of the reasons people do not trust Bitcoin.
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August 28, 2018, 10:29:23 PM
 #243

Just like stocks are traded on the floor or on commissions, Cryptocurrency is a prime target for pump and dump aimed at scam or creating FOMO and FUD waves to the market. For those with purchasing power, it's a easy way to get rich quick by making the price. For others, nine out of ten, you will lose. This is one of the reasons people do not trust Bitcoin.
Definitely they may have enough power to make some market manipulation but it doesn't mean that they take control of everything. Many people get loss just because they only knew for basic and not have time to learn more and dig deeper. 
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August 28, 2018, 11:12:33 PM
 #244

Just like stocks are traded on the floor or on commissions, Cryptocurrency is a prime target for pump and dump aimed at scam or creating FOMO and FUD waves to the market. For those with purchasing power, it's a easy way to get rich quick by making the price. For others, nine out of ten, you will lose. This is one of the reasons people do not trust Bitcoin.
The potential of this market is huge but the volatility is too much because the market capitalization is very small. I believe that as the market grows, there will be no more bad news going on. I am confident that cryptocurrency will make a new history.

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August 28, 2018, 11:35:09 PM
 #245

You are right, big companies manipulate the price of cryptocurrencies, freeing yourself completely is difficult, I believe that you have to analyze the market very carefully and invest at low prices as much as possible.
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August 29, 2018, 02:56:46 AM
 #246

Indeed with the occurrence of the game, the trader must who accepts all forms of risk when making an investment because someone who panics immediately when prices often experience automatic turmoil losses are hard to avoid and makes them afraid to invest in the future.
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August 29, 2018, 03:40:43 AM
 #247

We need to look back on the past and study.

"Whales" don't buy & sell by hand.
To generate a massive transaction, You need something. It's a very elaborate program.
These are set up with a specific algorithm using the APIs provided by the exchange.
From Stock Exchange System to Current Crypto Exchange System, they left a lot of algorithms behind.
So, We need to analyze these algorithms.

Past 2014, There was a pattern to lower the low point, repeating the drop and the rise after a tremendous rise.
It's part of the pattern that chart analysts say.
It's not necessarily the same thing. I think they're going in a similar direction.
Thank you.
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August 29, 2018, 04:19:35 AM
 #248

yes you really have a pump and dump tactics you have to be able to use the movement to be able to get a lot of profit not to miss it.
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August 29, 2018, 05:19:49 PM
 #249

Just like stocks are traded on the floor or on commissions, Cryptocurrency is a prime target for pump and dump aimed at scam or creating FOMO and FUD waves to the market. For those with purchasing power, it's a easy way to get rich quick by making the price. For others, nine out of ten, you will lose. This is one of the reasons people do not trust Bitcoin.
The potential of this market is huge but the volatility is too much because the market capitalization is very small. I believe that as the market grows, there will be no more bad news going on. I am confident that cryptocurrency will make a new history.

Well as long as people have enough assets to start  pump or a dump, it will always be there. Though i think it's not impossible to ride these whales and take their pump and dump schemes to one's advantage.

 
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August 29, 2018, 05:25:13 PM
 #250

I'd recommend staying away from Pump N' Dumps, channels related to it and pretty much everything related to it. Sure you can make couple bucks but the money-makers in PnD's are the organizers who have bought the about-to-be-pumped coins long time before announcing the pump. They rely on community buying it on large amounts after the pumps has been announced and sell it to the buyers, making a bank.

Do not do it, you may make couple bucks couple times but you only need to get dumped on once and you've lost what you gained and more.

Stay away from them.
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August 30, 2018, 11:44:21 AM
 #251

Just like stocks are traded on the floor or on commissions, Cryptocurrency is a prime target for pump and dump aimed at scam or creating FOMO and FUD waves to the market. For those with purchasing power, it's a easy way to get rich quick by making the price. For others, nine out of ten, you will lose. This is one of the reasons people do not trust Bitcoin.
The potential of this market is huge but the volatility is too much because the market capitalization is very small. I believe that as the market grows, there will be no more bad news going on. I am confident that cryptocurrency will make a new history.

Well as long as people have enough assets to start  pump or a dump, it will always be there. Though i think it's not impossible to ride these whales and take their pump and dump schemes to one's advantage.
You're right wen you said there's nothing we can do about the whales dump and pump act but we can definitely ride with them by taking advantage of the situations which you seems not to believe. Do you know how many smart investors will benefit from the last market correction? Only those who are not fit for cryptocurrency will loose hope or won't seize the opportunity they have to recover their losses by buying dip.

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September 01, 2018, 08:23:00 AM
 #252

Since participating in this market you must understand that it is a risky investment
How to you do not be fooled as there is sufficient knowledge and realize it
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September 01, 2018, 12:30:23 PM
 #253

Since participating in this market you must understand that it is a risky investment
How to you do not be fooled as there is sufficient knowledge and realize it

Risk is natural in this industry because the market prices are based on supply and demand so you cannot always expect a profit, patience is more important rather than your own strategy.
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September 01, 2018, 09:21:32 PM
 #254

I think that it surely takes place in reality, whales seek for their profits and organize all this kind of things.

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September 01, 2018, 09:39:11 PM
 #255

I have faced huge losses due to these pumps and dumps gropus and their calls. I recommend you to stay away from those groups and calls. Never sell of your coin at low price.
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September 01, 2018, 09:52:52 PM
 #256

You must also your own tactics against the whales, dont buy at a higher price. Don't go with the whales who will buy to make the market go up. Just be patient and wait fornthe dump. They play like that so we must also play with it. Just remember buy low and sell high.
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September 01, 2018, 10:22:48 PM
 #257

As you know, one of the most popular kinds of manipulations on the cryptocurrency market. Big players on the cryptocurrency market are known as whales. They can manipulate the cryptocurrency price using the tactic “Pump and dump”. Whales buy a lot of cryptocurrency in several days causing price increases. This attracts new investors to the cryptocurrency because hamsters want to buy more cryptocurrency in hopes that the price will be raising and they will be able to sell assets for the higher price. But this isn’t happening, because whales, after gaining a specified mark, begin to dump coins. In such way, whales get a profit, and the price of the cryptocurrency falls. How do you think how not to become the prey of such kind of whales` manipulations?
 

You have your own to make a decision, so you can make your own tactics against the whales. You should never listen from what they said, just go with the flows. They can do, they can work, and the best you can also do from what they do,. So You can do it also from your own tactics whether is it pump or dump.
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September 01, 2018, 10:25:42 PM
 #258

Personally I don`t buy a coin when it is risen more than 10% and fortunately until today I haven`t become a pray for this tactics, of course sometimes opportunities pass but it is better not to lose than not to win.

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September 02, 2018, 12:01:34 AM
 #259

Personally I don`t buy a coin when it is risen more than 10% and fortunately until today I haven`t become a pray for this tactics, of course sometimes opportunities pass but it is better not to lose than not to win.
Well a better option for everything that you can may do will be the best for you, everyone can have their own perspective so whenever you have a chances to be you can be chosen what would be your way of it.

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September 04, 2018, 03:55:15 PM
 #260

Both are profitable if we catch the perfect time. If you can make sure about catch the bottom line or point for drop I mean the point where is the last point of drop then sure you can make huge profit if you buy  any coin. Opposite if you sell when a coin remain in the top point. For day trading every 1 hours you can see that market drop or up. So you can make profit easily if your target will be 1%. Another tactic is buy any coin all holders or buyers at a time for make the market pump and sell all the holders or seller at a time for make the market dump. Thus a group can make profit.
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