Altcoin pump and dump

[Squezzi55]

Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.

If you are afraid then you aren't so sure about your research skills, so why do you want to take risks when you don't even know what you are doing? It's better to develop your research skills first or invest on popular top altcoins, atleast they are more safer than new altcoins

[concept2]

You should analyze the team behind a project. If they have a noce background with legit information, it is a good sign for a project. Also, you need to follow their social media account which give you information daily or weekly. Suddenly changing posting routine or being disappeared is a sign they might exit scam

Low coins are very charismatic but the risk is pretty high. So be careful whenver you want to invest your money to them. Money management is also a factor heping you reduce the danger. More time is needed to check several projects

[jemimah_f3]

Thanks for valuable info, yes I know it's better to analyze the project by myself instead of blindly trust the pitch and beautiful presentations.

Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.

If you doubt those projects, you better not choose the project, especially if you know that the projects have a pump and dump. You can search for the other projects to buy and don't touch on those projects.

But is a team usually aware that they are doing just pump and dump project or they just honestly do their job before a 3rd party perform pump and dump and make a coin worthless?

I am sure the team will be aware of the pump and dump from people, but I don't know how they can anticipate that. Maybe they will figure out that way, so their token/coin will not dump so hard.

yeah, I think it's safer to invest in some altcoins that's been around for some time, on the other hand I doubt they will bring X50 or X100...it's dilemma btw fear and greed

In the next bull run, many coins will bring X50 or X100, but we don't know which coin that can get that pump. I don't think that is a dilemma because as long as you can search for the right coin by analyzing the project, you will find that many coins can have a better future.

Some of them: DeepOnion, Synthetix, Ankr, Tokoin, Fantom, Telcoin, Theta, Tomochain

From that list, I think DeepOnion and Fantom are old coins. But I don't know if that coin can increase again. Maybe you can search for other coins, so you can have the other list of the coin to invest.

[jemimah_f3]

Thanks for good points, but many projects that turned to be scams had very good social media account and seemed legit too..but I agree that if they deliver information regularly it add credibility.

You should analyze the team behind a project. If they have a noce background with legit information, it is a good sign for a project. Also, you need to follow their social media account which give you information daily or weekly. Suddenly changing posting routine or being disappeared is a sign they might exit scam

Low coins are very charismatic but the risk is pretty high. So be careful whenver you want to invest your money to them. Money management is also a factor heping you reduce the danger. More time is needed to check several projects

[jemimah_f3]

Fake team and copied whitepaper I understand and it's not that difficult to check but how do you check the volume if it's fake or not?

Honestly, most of them are like that - pump and dump. You have the idea how they move like so this time you're wise to ask question before investing. Always DYOR, this is the most important if you are unsure of what you will be investing.
The possibility to tell a project is just a scam is easy. Fake team, copied whitepaper, fake volume and any other questionable issues that you can found through researching.

[thesmallgod]

It is better if you could make the list of these tokens you have found and add it to your post in order for others to help analyze them and give you an insight if you could invest in it or not. However, If they are defi tokens such as YFI and YFII, I am very sure you know the market volume is reducing which shows that the hypes are gone and traders are focusing on other coin especially Bitcoin and Ethereum

[bluebit25]

Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.

I do not recommend spending time on such projects, it will only cost you time and money if you are not awake to realize. So what are those projects? You should equip yourself with the necessary skills to learn about a project, i find you ambiguous in the way of talking about the uncertainty of such projects. But maybe there will be an exception here which is pump and dump, but it's dangerous if you don't try your luck on those projects and need to take it off and warn everyone.

[begau]

If you buy a coins dump or a fast pump, you have to be careful, don't be greedy, take profits, never wait until the price of the coin rises too high, you will experience a loss, therefore you have to maximize the profit no matter what profit you get. sell it quickly, never wait too long.

Agree, realizing profit even though it is slightly better than the price falling back. There are some tokens that I know, after the price went up high in a few days, the price fell back so that if we buy at the highest price, we will lose more than 70%

If they know that a coin is a dump or pump, they will always be aware of it. The problem is that it is not easy to define it, the participants are always blind to reality. My experience is to check the trading volume for the most recent month and the liquidity of the exchanges they list.

[Zemomtum]

Let your technical analysis guide you about pump and dump in the market, most often, there is always a sign of such occurrence being happening.

[Jeger.Kiting]

Naturally, the price is cheap now, because it is still new and less popular, if it is popular it will definitely be expensive. There is nothing wrong with learning more to start buying it, because not all new projects are bad, in fact, there are many good ones and go straight away.

Actually it all depends on how they manage it and the procedures they apply have an influence on the growth of their project, if they are only looking for profit, then their token price will not be long even it will be destroyed, indeed not all projects like that also manage it with good and true even to this day it still survives today ..

[Onuohakk]

Welcome to the world of crypto where coins are pumped and dumped at the same time.
Crypto is volatile. Only those that trade wisely makes It to the top by diversifying their investment.

[mekar sari]

The altcoin pump and dump can only be differentiated from a development perspective developments that continue to look good will make it an altcoin
will rise high by itself and vice versa if altcoin development of altcoin it stops and there is no update then the altcoins will dump even to ashes
so before investing you must follow the development of it altcoin

[WalkerIVIV]

Let your technical analysis guide you about pump and dump in the market, most often, there is always a sign of such occurrence being happening.

We can't 100% rely on technical analysis and we must also take another factor as the reason to determine the trend just like the fundamental thing that came from the news that published by the team before.
As far as i know the dump and pump will be based on the hype and this hype can be gathered by altcoins through publishing a good news to the public.
There will always be a reason for the pump to happen

[Gotumoot]

Being on crypto for few years I could say that most of the new project always ends up like that.
Only few of them could make a come back after being dump for so low most of them would have a good price at the beginning but after a few days or weeks it would start to fall.

[Btc_1856]

If you buy a coins dump or a fast pump, you have to be careful, don't be greedy, take profits, never wait until the price of the coin rises too high, you will experience a loss, therefore you have to maximize the profit no matter what profit you get. sell it quickly, never wait too long.

Agree, realizing profit even though it is slightly better than the price falling back. There are some tokens that I know, after the price went up high in a few days, the price fell back so that if we buy at the highest price, we will lose more than 70%

If they know that a coin is a dump or pump, they will always be aware of it. The problem is that it is not easy to define it, the participants are always blind to reality. My experience is to check the trading volume for the most recent month and the liquidity of the exchanges they list.

What you said is right, that's why it is impossible to keep on trading in the low volume exchanges. It is good to trade the coins in higher volume exchange because based on the company activity every coin will increase its price to the next level if they are actively trading in the market.

[ampu]

Investing in any altcoin hoping to raise prices is another way to get rich but get familiar with capital management. Just spend a small amount of money, compared to other investments so that when losing money, there is no regret.
In 2017, there were countless projects pumped up high and many people got rich from such altcoins.
I support investing in altcoin projects but it is best to invest little and be alert.

[Periodik]

What are your bases in saying that those projects look promising and legit? It is hard to tell but a thorough and careful research would tell you whether a project is a scam or not.

Ask yourself in your research some of these important questions. What are their objectives? Why are they pursuing such objectives? Do they have a carefully laid out and practical plan on how to meet their goals? Who are the development team? Do they have a track record in blockchain and crypto? Have they released a working, tested, and used product? Have they created important partnerships?

[Traderbtcc]

Many altcoins out there are just pump and dump coins, it's really hard to tell, if a project or a coin is going be good or bad this days since scammers now make their project look very real, and it's always advisable to thread with care when it comes to crypto, just because the coins are cheap now does not mean the price will increase later on it just doesn't work that way, I think its better to invest in reputable altcoinsn like ETH now, after the ETH 2.0 launch the price will definitely skyrocket, investing in new projects are just too risky, you might lose all your capital in the process. Anyway risk is part of the business, you have to deal with it.

[dr.cheema]

Pump and dump is the part of the crypto world and wisely choose top crypto for investment and never panic on dump.
We have seen that where BTC headed months ago and now see where BTC is heading and also other crypto following uptrend, look at LINK.
Always invest when you see panic market, in this way you can get best lowest price.

[ven7net]

Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.

The fact is that crypto projects cannot constantly show the growth of their cryptocurrency, so the price can also go down. You can see this both on BTC and other top cryptocurrencies. Therefore, it makes no sense to look for crypto projects and altcoins that will only grow, there are simply no such ones. The whole point of the market is to play both up and down. This must be understood and accepted. It is better to learn how to enter and exit the market correctly.