Discussion: Bitcoin Market Manipulation - Pump & Dump

[Vangar]

Hello, community!

I would like to open a debate on pump & dump groups and their impact on the bitcoin market. I'll start off with questions, with my own opinion listed below, so we can get ti started: How do you guys see pump & dump groups in terms of impacts it had(has) on bitcoin? Do you think it is no big deal or it is actually harmful? How harmful it can be if your answer to the last question was latter?

In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry. There are many other legitimate strategies around to be used instead of it (as to not spam with long text, few can be found here: https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/)

What are your opinions on this?

[cfif123]

Hello, community!

I would like to open a debate on pump & dump groups and their impact on the bitcoin market. I'll start off with questions, with my own opinion listed below, so we can get ti started: How do you guys see pump & dump groups in terms of impacts it had(has) on bitcoin? Do you think it is no big deal or it is actually harmful? How harmful it can be if your answer to the last question was latter?

In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry. There are many other legitimate strategies around to be used instead of it (as to not spam with long text, few can be found here: https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/)

What are your opinions on this?

if in my opinion the manipulation of the bitcoin market is now more common, people who lose money on prices in the market are not suitable for us to sell, and most who sell are forced to fear if the market goes down

[StarofBTC]

Hello, community!

I would like to open a debate on pump & dump groups and their impact on the bitcoin market. I'll start off with questions, with my own opinion listed below, so we can get ti started: How do you guys see pump & dump groups in terms of impacts it had(has) on bitcoin? Do you think it is no big deal or it is actually harmful? How harmful it can be if your answer to the last question was latter?

In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry. There are many other legitimate strategies around to be used instead of it (as to not spam with long text, few can be found here: https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/)

What are your opinions on this?

I think whales do not posses as much value as you may think in this current market. Yes they can make a difference on smaller markets with small coins on low volumes but if we are talking about bitcoin the daily volume is above 10 billion dollars most of the time, I don't know how much of it is for show and tell and how much of it is true but no one in their right mind would try to manipulate a 10 billion dollar market themselves. Which means its the business' that we need to worry about and not individual whales. Any small investment places like jp morgan can do could change bitcoin for a long term movement.

[Renaldi blackspadeteam]

In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry.

yeah you are right, the Pump and Dump group must be kept away from the Cryptocurrency trading industry in the market and make the market stable and real, because many people lose funds due to price manipulation, but I think the Pump & Dump manipulation group is impossible to be eliminated, because the Cryptocurrency trading business is open, anyone can buy and sell crypto assets

[enawati]

In my opinion all price of crypto just like  pump and dump, we can see many price of crypto going up to more than 10 times in less than 1 month and then going down back to more than 70%. Pump dump exist because the total market cap and the trading volume low so possible to pump the price. This thing will give huge profit for trader that understanding price action of crypto and others trader will loss if they FOMO. Pump dump give some advantages and disadvantages on the market. When the market cap each crypto to $1 trilliun will be not possible to pump and dump the price.

[rose9696]

Hello, community!

I would like to open a debate on pump & dump groups and their impact on the bitcoin market. I'll start off with questions, with my own opinion listed below, so we can get ti started: How do you guys see pump & dump groups in terms of impacts it had(has) on bitcoin? Do you think it is no big deal or it is actually harmful? How harmful it can be if your answer to the last question was latter?

In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry. There are many other legitimate strategies around to be used instead of it (as to not spam with long text, few can be found here: https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/)

What are your opinions on this?

I think it depends entirely on our agility. If we fail for the first time, we should reconsider why we fail and in the later pumping phase, we should not make that mistake again. I've been involved in small pump and dump groups, and I've had three buys at peak prices. But now I've figured out what time to buy and I earned a lot of money after those failures.

[manggis97]

Pump and dump trading is normal situation  in young crypto market,  because with low capitalization that will be possible to do.  Pump and dump also happening in stocks that have low cap.  In this young market we should be follow the game of whales because they have control with this young market .

[LUCKMCFLY]

Pump and Dump will always exist, it is the way of survival of some Altcoin, it is normal, they have no impact on BTC, nor in the market, only in Exchanges as Binance, Bittrex are the specialists in Pump and Dump, which, the structures of the graphs do not have a basic structure to analyze.

[omonuyak]

Op your opinion is right and it is those that did not know about this people that really goes and trade with them.  Pump and dump group is the most manipulated group in cryptocurrencies.  I have tested many in the past and I have find out that it is a way to enrich some few people in the group.

[masterzino]

Bitcoin price could be manipulated from much bigger players than ordinary pump and dump groups.

Pump and dump ground was actual nearly an year ago and nowadays almost nobody is catching on their scams. It's quite impossible for any of those scammers to manipulate a coin from Top 50, so they were focusing their attempt on small coins, mostly on Cryptopia and Yobit. My advice is never to participate in those groups, you will end up losing money.

[Ispep]

Pump and dump is simply tantamount to manipulation,and that is not good for the cryptocurrency network,creating fake scarcity,false demands as well as fallacious supply.
This pump and dump group in my opinion have no advantage to the cryptocurrency market and should be done away with.
Such groups shouldn't even exist in the 1st place

[nelson4lov]

Pump and dump is simply tantamount to manipulation,and that is not good for the cryptocurrency network,creating fake scarcity,false demands as well as fallacious supply.
This pump and dump group in my opinion have no advantage to the cryptocurrency market and should be done away with.
Such groups shouldn't even exist in the 1st place

I agree, with you on that. Crypto users should stay as far as possible from Pump and dump groups since the only intention is to drop heavy bags on unsuspecting channel menbers. I remember when I was chasing pump and dump organized from a website using a live chat. Why did I left? The admins buys heavy bags of a coin and then set take profit orders and dump on us after announcement. They are all the same. I'd take clear from them.

[kawetsriyanto]

Pump-dump looks like the dominant activities on market. But it cannot be avoided since there are a lot of people did the same way. Moreover, Bitcoin is decentralized, no one can control the prices including pump-dump. I sometimes think that the people do dump-pump because of taking advantage through the decentralized system.

[raven7886]

In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry. There are many other legitimate strategies around to be used instead of it (as to not spam with long text, few can be found here: https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/)

On "bitcoin" there is really no one and no group that is really powerful enough to pump and dump. However on smaller altcoins they can actually increase and decease the price of a coin very quickly. There are really two possibilities for a pump and dump afterwards, one is that coin actually going up and when goes down it is still more than what it used to be which is a great scenario for the owners of that coin.

However, the bad part is sometimes it goes up but goes down harder and goes even lower than what it used to be. Now when a pump and dump happens it makes the coin heard, if you see a coin that goes up 50%+ in a day you learn the name and they may get couple more investors thanks to the awareness created by the pump and dump group and if the coin doesn't go below what it used to be that is the best thing that could happen since its a win-win situation.

[wayancrypto]

If we see the daily chart of all crypto so we can find all that crypto already pumped and dumped.  That possible to do because the crypto market still young with low capitalization. But after dump, this market has possibility to pump again because this is bullish and bearish always to be change in crypto market.

[maydna]

In my opinion, pump & dump groups are okay for bitcoin and altcoin, and it's not about how they can increase and decrease the price in anytime and any price. But it's about how they can give some hope to people that the price is not always in the lower price nor, the higher price.

I think it's not a big deal and it's not harmful because they only do that in one-time and they give a little surprise to people so they could stay wake up in the market situations. Their presence can make traders still watching the market and no matter if the market is in the bear market or bull market.

Of course, many people losing much money because of them, but on the other side other people making money too. As long as you are not too greedy to follows their moves in pump & dumps, you will save, and you can also make a profit. I am sure there will be a strategy to prevent from getting lose and make a profit with them, and you only need to find out.

The important lesson here with pump & dump groups is how we can control the emotion when we see it's happening and we can take advantages from them. And if you can do this, you don't have to worry if they are coming and even you can be able to use the situations for your own benefits.

[cydrix]

Hello, community!

I would like to open a debate on pump & dump groups and their impact on the bitcoin market. I'll start off with questions, with my own opinion listed below, so we can get ti started: How do you guys see pump & dump groups in terms of impacts it had(has) on bitcoin? Do you think it is no big deal or it is actually harmful? How harmful it can be if your answer to the last question was latter?

In my opinion, pump & dump groups and the activity itself serves only the creator and close circle around him/her. So far, many people lost funds due to it and should be kept out of the industry. There are many other legitimate strategies around to be used instead of it (as to not spam with long text, few can be found here: https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/)

What are your opinions on this?

Just to start a good cycle this so called pump and dump groups is needed and no need to join it, you'll just catch up when the price comes at the right time. These groups need to work it up. But in terms of cooperation the ones that is only speculating tend to have more money than in either of those groups so be prepared. Their activities need to be published or spread out for people to find out their plans in the future but the problem is you can't do anything if you aren't involved so you need to join with a of course.

[LUCKMCFLY]

Well, it must be taken into account that there are coins that live in the BOMBA and in the DUMP, and a sample of them is when the Bitcoin falls, there are always currencies that go up 15%, 20%, 30% at the time of the revision. Their graphs do not have an established structure, clearly, these currencies do not have a life of their own, in such a case, they follow Bitcoin movements, and as there are many groups that dedicate themselves to this, everything can contribute to their survival. In these cases, if it can be said with demonstrable arguments that there is manipulation.

[Distinctin]

The pump and dump is pretty normal in this market, it has been happening in the past and it's still happening now.
Overall market status is still good so this really does not affect negatively to the market in general, maybe only newbie would loss their money because they'll do panic buying and panic selling, which is a dumb move.

[btc_angela]

The pump and dump is pretty normal in this market, it has been happening in the past and it's still happening now.

Exactly, it's very fraudulent, but we can't do anything as this has been practice since the inception of crypto trading.

Overall market status is still good so this really does not affect negatively to the market in general, maybe only newbie would loss their money because they'll do panic buying and panic selling, which is a dumb move.

It has pros/cons along the way. Maybe because we are in a bear market that's why we haven't heard a lot of negativity about those pump-and-dump, but rest assured that when we're in a bull market, they groups are going to flourish again. Lol.