Altcoin pump and dump

[jcarlo]

In my opinion
 Altcoin pump or dump depends on whether the price of Bitcoin increases or decreases.
 Because Bitcoin is the number one cryptocurrency.

It is also part but not all, bitcoin is important, but it doesn't decide everything. Most altcoins will follow the trend, but there are many opposite, bitcoin decreases but a few altcoins will increase strongly.

In my opinion, what is meant by pump and dump is a coin whose price is pumped up high but with a transaction volume that is not too large and usually the price falls quickly after reaching its highest point. I don't think it has anything to do with an increase in the price of Bitcoin because although many altcoins go down when the price of Bitcoin goes up, the fall in the price of legit altcoins is quite slow and not drastic.

[ScamViruS]

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.

Pump and dump is only possible with low volume coins and that too on bad quality exchanges like yobit etc where most coins are just for the sake of pump and dump and they provide no real use case. To avoid such coins you should trade only genuine projects.

I wouldn't worry about pumps and dumps if you just invest in coins that aren't new. As early as of now, its best to grab a bag for the old coins we knew are likely going to blowup.

There are also coins with huge daily volume but the price still is less than $0.25, lots of them in the list on CMC.  It can only mean these projects has genuine traders there with millions of volume like the ADA, NEM, TRX and XLM.

This is the thinking of an investor, an investor knows very well which coin is convenient for him to invest in. If you think like an investor, you too can take the right position in the market at the right time. It is important to have a good amount of volume in a coin because without volume it will not be easy to sell later. Good results can be expected from the market if you can find the best coins by investing in the market analysis.

[amarmurgi]

I think Altcoin is waiting to be pumped and dumped. Of course, Altcoin will pump instead of dumping. Altcoin will pump when BTC takes its place. At this time you can buy some coins like BNB, TRX, XRP, LiNk. I think these coins will be pumped. But you have to take the risk. Thank you

[CAPT.DEADPOOL]

When it comes to altcoins it is inevitable to have a pump and dump on a coin I can also say that it is normal due to the rise and fall of the price of bitcoin but if you want to invest in altcoins and you want to lose the money you hold You need to review the altcoin or project you want to join because with every step you take you will not lose the risky so you need to study and think carefully so that you can not participate in scam projects.

[Kezacky]

investing in new coins is indeed very high risk compared to old coins that are already listed in the top market in CMC. the fact is that most new projects always end that way. Only a few of them can come back after being dumped at a very low price most of them will have good prices at first but after a few days or weeks it will start to fall.

[Strotman]

check project's roadmap. is it still ongoing. find out how long this alt on the market and it's behaviour after listing. where was it listed. watch activity in telegram chat. and so on. try to find life in that project.

If the project is dead, then trying to find something will be useless. It is much more profitable to learn a lesson from this situation so that this does not happen again in the future.

[Slingshot]

Please you do not have to fellow just the hype do your findings to avoid having to loose you funds. Some projects now are pump and dump especially new ones so would be better you scrutinize, check the growth if it's at the top and know what best to do, market in general is waxing strong now but some new coins are out there to pump and dump or exit scam.

[cryptolord2077]

If the project is a scam, then the signs will be similar to other similar scam projects. For example, scam projects, as a rule, copy each other, and scammers can be calculated by these segments.
In addition, scammers often have a poor understanding of the technical base of projects, which means they are not able to answer fundamental technical questions regarding project technology and technical documentation.

[ekeh]

Alt-coin investment is much risk than any other investment, because alt-coin is a function of cryptocurrency movement assets, that is good to invest at a lower rate and sell at a higher price, which many of the coin price can not be predicted because of the dump.

[joseyphil82]

well, it's hard to tell.
Pump and dumps don't have to be orchestrated by the project team itself.
usually with good projects it's done by 3rd parties, like marketing firms who were paid in these coins, or exchanges.
For example, one project i'm following paid bitcoin.com exchange listing in their coin, and they dumped their bags few days ago and downed the price by 95%.

Pump and dump are of two different type, one is pump and dump to level and the other is pump and dump to death, for example every projects that listed on Binance exchange always pump because of the news as we know it but later it dumps to a level price, pump and dump to death happens with projects that have no good intentions from the beginning, the team planned to pump and dump the token and exit scam

[Kunnu]

Unfortunately it can't be predictable that which altcoin will take growth with the same momentum there will be always ups and downs or should I say pump and dump and this is what I have observed in the nature of mostly altcoins whether if it's quality altcoins or not it doesn't matter the important thing is you have to take risk with your own research and analysis to find the suitable time for entry and exit.

[mung_nasib]

I think altcoins started to weaken when they entered 2018 so traders looking for luck have been very difficult lately so they tend to take advantage of the long existence of altcoins that have price extensions tend to move all the time and try to be patient With the current virus problem.

[South Park]

Yes this is the usual scheme for the altcoins and that has been observed to other altcoins like those with low supply in the market. YFI coin was one of the biggest pump of market that had happen. It even surpasses bitcoin market price per coin reaching up to 30K $. That is literally a good pump.and if you were able to hold the coin before the pump scheme then you have definitely high profit in that coin.

Actually at some point ,this scheme is beneficial to other trader because the only thing you need is to ride and withdraw when reached the top.
the problem is the timing because in a matter of minute you can lose here.

I have some friends before(specially in 2018 when the altcoin season happens) that they come to invest and succeed in those Pump and Dump currency things that harder to observe now because scammers like them are Good at it and instead of us bagging money what will happen is the other way around.

Pump and dump schemes have become extremely complex and sophisticated over the years, which is why back then your friends could get profit from those schemes but now they are finding it almost impossible to do so, and I think everyone knew that sooner or later this will happen, scammers are really smart and they are going to try to maximize their profits as much as possible and if there are too many winners during their pump and dump schemes then this means they are not receiving this money and obviously they want it because they are incredibly greedy, otherwise they will not be scamming people for their money.

[tokoorochan]

Well, actually I like altcoin pump and dump because we can take fast benefits, but the moment like that will not last long, so take the benefits as possible as you can. But so hard to find a coin like that. If you have any information about the coin pump and dump for now, you can share it here.

Buying coin like this is risky, so only invest that you can afford to lose

its pure speculation when we pick pump and dump coin and did we already calculate its risk before ? these coin type was very dangerous , it can be scam anytime and make our money loss. if want to pick these coin, join on telegram group that discuss about uniswap gem there are alot coin discussed there eveyrday.

[Dewajuna09]

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.

pump and dump are common in alt coins. and it looks like an annual cycle. as long as the developer is still active in managing alt coins I think it is still safe to play with alt coins. but it takes experience and knowledge about crypto to buy alt Coin.

[totoy4741]

I think altcoins started to weaken when they entered 2018 so traders looking for luck have been very difficult lately so they tend to take advantage of the long existence of altcoins that have price extensions tend to move all the time and try to be patient With the current virus problem.

Yes altcoins have not shown any significant raise from past few years, it only went high around 2017 when btc went all the way to its all time high. New breads of alts might have some gone up but ordinary ones did really get much raised.

[cryptogod322]

Firstly, I would not recommend buying altcoins below the top 200 coinmarketcap, and secondly, look at the project's social networks, if there is an active discussion there and news appears, then this project most likely will not deal with the pump and dump scheme.

[asus09]

Ethereum look serious for dumping because will upgrade 2.0 on December because will get any update good news and have new service way for ethereum become faster for transaction payment, I think not have delay again for ethereum become lowest fast transaction after upgrade to be 2.0. But still fee weeks later for ethereum upgrade to be 2.0 and have positive side for ethereum back to higher price again. Now last three weeks ethereum have higher price and keep continue for back again to higher price.

[atamism]

It is very common here in altcoin ever since, even in bitcoin. Wayback 2017 bitcoin is at highest, that why they said 2017 is golden year of Bitcoin. Many coins do pump and dump but be assured that you are not once they dump soon they will pump. You must have a lot pf patience when you are in altcoin.

[freedomgo]

It is very common here in altcoin ever since, even in bitcoin. Wayback 2017 bitcoin is at highest, that why they said 2017 is golden year of Bitcoin. Many coins do pump and dump but be assured that you are not once they dump soon they will pump. You must have a lot pf patience when you are in altcoin.

There's no assurance, that's what we should know in the first place, an in fact, most of the coins that dump in 2017 did not come back anymore, in fact some of them are already dying if we still don't conclude them dead, you can tell by its trading volume though.