Trade Bitcoin - AVOID "Get Rich Quick" Shit Coin Pump and Dump

[Shasha80]

The classic problem that keeps repeating in the cryptocurrency world is that there are many newbies who follow the pump and dump signals
that promises to be able to make a profit instantly. By buying a few shitcoins, and ultimately causing loss. This all starts from the lazy person
to do the analysis of coins to be bought, then can not wait want to make a profit in a short time. These two factors make people unable to
think smart and rational. I better buy the bitcoin or popular altcoins to get profit that might be obtained in the long run. Instead of making a
profit in a short time by buying shitcoins, which can end up suffering losses.

[cryptozink]

A lot of those coins never come back. Not all coins worth holding.

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

Or you can wait it out, earn less than trading, but not "lose" as you say. Because, you never lose unless you sell, and if price plummets, all you have to do is wait and you won't lose a thing.

Not everyone is a trader, and holding is a perfectly valid strategy to preserve value when possessing a deflationary coin. Can you earn more by trade? Yes, but you are risking it more as well.

Leaving the coins in a cold wallet and look at it next few years from now works fine as well.

[gabbie2010]

Traders and investors are becoming wise now and getting cautious about this pump and dump shitcoins invariably knowing that it is a ploy targeted at newbies, investors are now aware that bitcoin and ethereum are probably the most stable coins in the cryptosphere now thus invested in them 'buying low and selling high' is the simple logic that require some learning to trade these coins and become profitable.

[shoreno]

some people can earn on sh*tcoins if they know how to timed thier moves  ,  and who do you think iniated the pump ? the investors also because they are the ones that buys the coin  .  some people will buy the coin much more when they see that its pumping because they expect that they can earn more thru it when it pumped higher    .  i agree on the title that btc is the one that we must get instead of this quick pump and dump coin because they are only come and go. they cant provide any long term benefits on the crypto space not unlike to btc that its still there before and up to now or up to the future  

[carlisle1]

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

though people already knew these tactics from whales/manipulators still they are trying their luck.
because in some scenarios there are still getting the chance of buying before the pump happens so when the manipulators press the key these people sell the currencies and instant profit,the problem is there are more losers than the winners yet nothing can stop them.

this will never stop as long as there are bunch of "willing victims" around.

[Eugenar]

Traders and investors are becoming wise now and getting cautious about this pump and dump shitcoins invariably knowing that it is a ploy targeted at newbies, investors are now aware that bitcoin and ethereum are probably the most stable coins in the cryptosphere now thus invested in them 'buying low and selling high' is the simple logic that require some learning to trade these coins and become profitable.

I highly disagree with the concept of bitcoin and ethereum being the most stable coin in the cryptocurrency space. This is quite risky to believe for newbies in the market because if they invest in bitcoin and ethereum knowing that it is stable, they will just panic sell when bitcoins market price suddenly fell down. In this case, a complete opposite description of these cryptos is appropriate. Bitcoin and Ethereum are most volatile cryptocurrency.

[Kyraishi]

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

Yep, the way most of these works will involve someone randomly shilling and then organizing a group of people that are willing to pump a coin up 50% or so of the current price, but oftentimes they own a large amount of the shitcoin already.

This results in 2 scenarios, where you are basically all helping this single investor who works or has a large share in a coin earn a shit ton of money, OR

You are likely going to get the prices up, and then the person who undercuts everyone (say they sell at 20%), fucks everyone over.

[barabarian1]

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

You are right I also don't believe in new coins. I twice invested in coins turned out to both be shitcoin. it's better to invest in bitcoin. but I also still believe in old altcoins like ripple, litecoin and ethereum. Even though the altcoin market is experiencing a decline I still believe in the altcoin that I hold. I am optimistic when bitcoin goes to the moon and the coins I hold will also increase. but of course my main investment is bitcoin.

[samuraijin]

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

I've seen some Altcoins go up in a short time and I know it's the work of the Pump and Dump group, if I'm not mistaken their group was previously active on the bittrex exchange since 2016, but after a few years later I don't see the pump and dump group anymore, are they still alive today or not, so what is their current target market do they still have the capital to do that now?
I was trapped in buying expensive Altcoin at that time and ended up selling cheap

[michellee]

People who cannot analyze with the right will get the shit coin at the highest price. They will not have a chance to sell at a higher price in a short time, and that will make them hold for a very long time. But sometimes, the shit coin can give us a profit if we know how we should treat the coin.

You should not think about getting rich in one night in cryptocurrency because if you cannot analyze everything, you will not make a profit. If you are afraid to get stuck at a higher price with the shitcoin, then you should not invest or buy the coin, especially if the coin has started to increase. You will lose the opportunity to buy and sell the coin if you don't have a better internet connection because the pump and dump will need a fast move of the internet connection.

So be careful if you want to buy any coin at the market, make sure you analyze, or you can purchase bitcoin only because the only bitcoin will give you the real profit in the future.

[Baby Dragon]

Thats a good advice in general. There are not so much ways of getting reach fast but a lot of ways of getting scammed fast

Indeed, it actually depends on the person itself if he/she wanted to get scammed particularly these days that scammers are using different techniques and strategies to deceive others just to get the benefits they wanted. It will never be easy to be rich, you will face a lot of challenges and it's up to you if you are going to handle it well. Just like any other people I have also experienced investing in some coins and now I just feel remorse about it because it is not worth it and my funds are just wasted for nothing. I have realized a lot of things after that and I just learned from it.

[RussiaUkraineTranslation]

Devils advocate here. It appears easier to get rich trading erc-20's on an exchange like ecxx than to swing trade Bitcoin for 2% gains. I have seen wallets with millions of dollars of crypto earned from executing this strategy. You only need one erc-20 like LINK to make it big. To balance your portfolio, hold 50% BTC. I personally hold 100% Bitcoin, it's the king, but this is a strategy for those who are willing to take on more risk.

[CarnagexD]

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

Or you can wait it out, earn less than trading, but not "lose" as you say. Because, you never lose unless you sell, and if price plummets, all you have to do is wait and you won't lose a thing.

Common misconception about trading is that they always put a time span whenever they sell and it tends to lose. You can't put aside the greed on every FOMO type of trader, and most of them are here always asking what they have done wrong for losing.

Not everyone is a trader, and holding is a perfectly valid strategy to preserve value when possessing a deflationary coin. Can you earn more by trade? Yes, but you are risking it more as well.

I've been a trader for a couple of years now, and risking by trading means maximizing the potential gain from your side which I enjoy so much. Hold is just for 'big time' coins like bitcoin and ethereum since it has a one time pump phase. There are worth to mention alternative coins which is litecoin and monero that I enjoy trading these past few months, they are wavy and challenging to play.  

Leaving the coins in a cold wallet and look at it next few years from now works fine as well.

I do have my saved bitcoin (almost a quarter) and ethereumon my trezor, I put it a year from now for my financial security as well as volatile investment. Who knows what could be its value after 5 years or a decade. Thus I have my bitcoin ready to sell on binance.

[BeManga]

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

i agree buying pump coin will not really give profit instead they will lose all their investment
many new users think they can become a millionaire in bitcoin overnight
that why we always need to remind them because in crypto there is always new into this
I'm just hoping if they make a wrong choice they will learn from their own mistake

[daarul50]

People who cannot analyze with the right will get the shit coin at the highest price. They will not have a chance to sell at a higher price in a short time, and that will make them hold for a very long time. But sometimes, the shit coin can give us a profit if we know how we should treat the coin.

You should not think about getting rich in one night in cryptocurrency because if you cannot analyze everything, you will not make a profit. If you are afraid to get stuck at a higher price with the shitcoin, then you should not invest or buy the coin, especially if the coin has started to increase. You will lose the opportunity to buy and sell the coin if you don't have a better internet connection because the pump and dump will need a fast move of the internet connection.

So be careful if you want to buy any coin at the market, make sure you analyze, or you can purchase bitcoin only because the only bitcoin will give you the real profit in the future.

i did it several times haha , bought $100 shitcoins hold it on for 6 months and it is worth $5 now , what a shitcoin right?

but sometimes you know i bought HNI hunibit a korean based tokens worth 1 ethereum only and my tokens worth 7,7 ethereum right now haha that is the story behind the good and bad shitcoins which of course there is more bad things happened.
do it with cautions , buying shitcoins does not mean you are gambling with it , not always.
you will still making a research thoroughly to at least maximize your chance getting a better shitcoin i mean not the worst  .

this is just the matter of taking a very high risk , as cryptocurrency like bitcoin or ethereum itself are a high risk invesment.

[Meowth05]

That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.

The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only trading / investing in Bitcoin will bring you profit. Only BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.

That is why we should be aware of choosing a coin where to invest. I highly recommend investing in top-ranked coins such as Bitcoin, Eth, and XRP which will give an assurance of having a good amount of return. I admit that some coins are really profitable but it is tough to determine which among them who will give a high return, to find them you need to conduct intensive research to determine which is worth and which is not.

[buwaytress]

Not the only people, but yeah for sure the ones initiating the pumps are the ones who gain the most. And these guys do it for shits and giggles too, I'm sure, cause the real deals are only in Bitcoin.

Everything else, I swear almost, is just at the whim of a few people who need some money to splash around.

Sure, 2017 was a little different in the sense that a lot of greedy people took advantage but I'm pretty sure most of those people thought they were smart (the sense that all the coins they bought made profit also helped them fool themselves), and tried to speculate but ended up losing most of what they gained anyway.

[darkangel11]

The best way to avoid shitcoin pumps and dumps is not to participate in them. Don't buy shitcoins and have one less thing to worry about.
I don't recommend trading bitcoin to anyone. Even traders who used to do well on traditional markets lose trying to predict Bitcoin because they aren't expecting an asset worth so much money per share to be so volatile. Most stocks are worth a few hundred dollars and are more stable than Bitcoin that's almost at 10k.
So I'll say it once again. Don't trade Bitcoin, hold it.

[2double0]

With leverage, I have seen much more persons getting liquidated than those who trade altcoins. I have said this not just pointing out the leverage part, but the normal price changes too because those who bought BTC at its peak at around $20k and sold at $3k are still in a major loss there in USD terms if not in BTC.

[TRONTON]

if you often use certain exchanges, of course, also memorize the characteristics of all the coins in it, this is a prerequisite to make sure you know the direction of each coin's chart.

It's okay to be tempted by candles with a potential reversal but first make sure the coin is still in the buying zone and its tendency to touch resistance, so don't analyze it instantly, the pattern of shitcoin is also able to breakout in one day.