fabiola!
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September 21, 2020, 07:02:09 AM |
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Hey Guys, Can someone explain what are these altcoins and what is the exact reason of so much growth in just 24 hours? Are they scam or legit? Thanks. Image: Those are the fake projects which pump and dump using fake volume with high price at start, they will have some initial own funding and they show as they sold coins bla bla bla and they start selling and buying themelf at high price and will manipulate the market then follow the sheeps with fomo shits , only 1-2% who gets in early might be lucky and rest they start selling and exit
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WiND33
Full Member
Offline
Activity: 483
Merit: 107
nvzntoken.com
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September 21, 2020, 07:22:13 AM |
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Hey Guys, Can someone explain what are these altcoins and what is the exact reason of so much growth in just 24 hours? Are they scam or legit? Thanks. Image: Those are the fake projects which pump and dump using fake volume with high price at start, they will have some initial own funding and they show as they sold coins bla bla bla and they start selling and buying themelf at high price and will manipulate the market then follow the sheeps with fomo shits , only 1-2% who gets in early might be lucky and rest they start selling and exit This is a typical pump, during which scammers select a dead coin in advance, buy it, and then, through various sites and channels, report that at a certain time there will be a sharp jump in price, thanks to which it will be possible to earn. This usually ends up with the price going up, scammers selling their coins sharply, and the rest of them losing money.
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Mauser
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September 21, 2020, 08:12:33 AM |
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This is a typical pump, during which scammers select a dead coin in advance, buy it, and then, through various sites and channels, report that at a certain time there will be a sharp jump in price, thanks to which it will be possible to earn. This usually ends up with the price going up, scammers selling their coins sharply, and the rest of them losing money.
To get returns of 1000% and higher the alt coins need to drop first of all. Any new coin with an active market is very very unlikely to make jumps of such high returns. We usually see such kind of behaviour in not active markets where all the investors just forgot about the coin. If there are not a lot of traders in such a coin, the price can jump very fast with a small amount of trades. A good indication of how the coin is behaving is to look at the volume traded in that coin the last 100 days. If there is literally no volume and then just in the day of the huge price jump, the behaviour look manipulated and I would not recommend in investing into such coins.
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ekateriinae
Member
Offline
Activity: 182
Merit: 11
Try as hard as you can!
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September 21, 2020, 08:28:27 AM |
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Altcoins that has 1000% profits are only a manipulated tokens that being used for pump and dump tokens only. Just be careful ya before think it was a good projects.
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Sy
Legendary
Offline
Activity: 1484
Merit: 1003
Bounty Detective
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September 21, 2020, 10:23:37 AM |
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Those types of movements are mostly seen in the project which has really low liquidity and volume and that's how they usually exit scams first they show us that they made a high % gains then after a few days they will sell all their tokens.
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Captain Corporate
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September 21, 2020, 01:29:38 PM |
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I believe there is no more coin that is left that could make you %1000 plus profit from now on. All of those happened back in the day and we are glad that it happened because it attracted a lot of people. People who saw others who made %1000 plus profits came in here to make the same profits and they realized that they are too late but for two reasons they stayed, one reason is they assumed they would make some profit even if not that much and another reason is this is addictive and they couldn't stop. However I agree with the first type, even if you can't make that much profit, you could still make %20+ yearly and that is more than enough, there is no reason to stay behind just because you do not like %20 profit which is more than almost all investment companies in the world.
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Google+
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September 21, 2020, 03:23:45 PM |
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Those types of movements are mostly seen in the project which has really low liquidity and volume and that's how they usually exit scams first they show us that they made a high % gains then after a few days they will sell all their tokens.
well, I think there are indeed many cases like that, but for now I hope there are no more cases because if it happens again it will make the name of the cryptocurrency become corrupted due to the many scammers.
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TheClownSong
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September 21, 2020, 04:10:18 PM |
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Those types of movements are mostly seen in the project which has really low liquidity and volume and that's how they usually exit scams first they show us that they made a high % gains then after a few days they will sell all their tokens.
well, I think there are indeed many cases like that, but for now I hope there are no more cases because if it happens again it will make the name of the cryptocurrency become corrupted due to the many scammers. Agree, hopefully there won't be another scam in the cryptocurrency market even though I think it will remain. The number of projects that are scam or have stalled makes many investors lose money and this makes the name cryptocurrency less good. But as the value of transactions on the cryptocurrency market continues to increase, I think it will attract new investors
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Dr.Osh
Legendary
Offline
Activity: 2814
Merit: 1004
Buzz App - Spin wheel, farm rewards
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September 21, 2020, 05:28:16 PM |
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The thing to note is, some coins only go up for a short period of time, and fall in a fairly short time. however, in the 4 coins sent, only one coin remained, namely ONLEXPA. while other coins have decreased in price, especially DCH. The price at CMC, DCH currently has a price of $ 0.0018. Well, do your research before you get really interested in a coin because things like this can be manipulated to attract investors.
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Sy
Legendary
Offline
Activity: 1484
Merit: 1003
Bounty Detective
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September 22, 2020, 06:27:37 AM |
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Those types of movements are mostly seen in the project which has really low liquidity and volume and that's how they usually exit scams first they show us that they made a high % gains then after a few days they will sell all their tokens.
well, I think there are indeed many cases like that, but for now I hope there are no more cases because if it happens again it will make the name of the cryptocurrency become corrupted due to the many scammers. Agree, hopefully there won't be another scam in the cryptocurrency market even though I think it will remain. The number of projects that are scam or have stalled makes many investors lose money and this makes the name cryptocurrency less good. But as the value of transactions on the cryptocurrency market continues to increase, I think it will attract new investors Of course, there will be new scams in the crypto market because it is almost impossible for the crypto world to be scam-free. If you pay close attention you will notice that projects with exit scams are always increasing.
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wack slacker
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September 22, 2020, 01:27:00 PM |
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I don't believe that many people are making money as these altcoins are up 1000%. Most altcoins that rose 500% or 1000% were failed, opaque projects, and traded on low-volume exchanges. Even when these altcoins are high, their trading volume remains a question mark. I believe the value of these altcoins is manipulated by some.
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MCobian
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September 22, 2020, 09:34:26 PM |
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Of all the coins mentioned in the opening post, all of them are shitcoins and are a risk for investment, because it has low volume and listings on unpopular exchanges. It's better to avoid investing in coins that have low volume and don't trust too much data that shows high price increases. because sometimes there is price manipulation to make investors interested in these projects. I've had a lot of bad experiences investing in low volume coins. We will have difficulty selling these coins, even the price will continue to fall.
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giammangiato
Legendary
Offline
Activity: 1890
Merit: 1338
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September 22, 2020, 09:39:48 PM |
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Hey Guys, Can someone explain what are these altcoins and what is the exact reason of so much growth in just 24 hours? Are they scam or legit? Thanks. Image: This gain is amazing, +1000% it's what everyone hope for his coins. I think that good projects grow slowly and constantly, the coins with too big gains in little time have behind too much fomo and in these caise the best think to do it's try to evaluate if is a good choice invest
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Wapfika
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September 22, 2020, 09:49:01 PM |
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If any altcoin has increased 1000% in less than 24 hours, be careful to invest in it, it could be a trap for new investors. before entering first look at the trading volume and on which exchange it is listed, do not be easily tempted by the profits made in a short time.
It's fine to take advantage in the short term as long as we're able to buy before it arise that much, but only those who are good in analysing and knows how to monitor it properly will be able to ride and buy since mostly some will buy after that hype is over and lose a lot since whales and those who create the hype already leave and earn, so we need to be very conscious or better be too active to monitors it.
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Francis Freeman
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September 23, 2020, 06:00:36 AM |
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Do t know if they get success in long term but the coins like yfi, meme are giving huge returns if bought early ,try to find such coins till yield farming craze don't go away. You can easily make 1000% gains in such coins.
YFIay be not much huge upside possible now as it's already high but may be Meme can still go 10x from here
DYOR though. Also try to find best gems early in Uniswap to get those crazy gains.
Uniswap seems the best gateway to find coins early and get a lot of profit but also be aware that there are too many scam and meme coins getting listed on uniswap and you are supposed to be really cautious.
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adzino
Copper Member
Hero Member
Offline
Activity: 2996
Merit: 576
www.Crypto.Games: Multiple coins, multiple games
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September 23, 2020, 06:59:36 AM Last edit: September 24, 2020, 07:03:13 AM by adzino |
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It's fine to take advantage in the short term as long as we're able to buy before it arise that much, but only those who are good in analysing and knows how to monitor it properly will be able to ride and buy since mostly some will buy after that hype is over and lose a lot since whales and those who create the hype already leave and earn, so we need to be very conscious or better be too active to monitors it.
Fine to take advantage? You are just encouraging those scam developers to scam more people. If you invest on those coins, the profits that you will be making is from those other people who got scammed/lost money due to investing in those fake coins. How about you ignore those coins? If those scam developers sees that no one is investing on their coins, they will eventually stop since it won't be worth scamming people anymore. Just don't invest in those shit coins. Don't suggest others to do so!
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