Do you think that planned pump and dump is ethically acceptable?

[AjithBtc]

At times the creators of heavy projects term it to be ethical just to attain the target through their project. Whats the need of pumping and dumping the market when there is growth based on the demand to the supply. A pump and dump based growth is a manipulated growth.

[Max_Headroom]

planned pump and dump is ethically acceptable?

My vote is YES

I think it is because everybody in one way or another try to manipulate the market as they want/wish to.

I think that in the cryptocurrency particular case, we are living in a grey area and what is ethical is essentially a subjective matter.

The pump organizer, just like Alice, have all the power. The organizer will choose what coin to pump ( depending on deep is their pocket but in general the organizer choose a dormant coin with very low trading volume),

.. so the organizer can buy it as cheap as possible before the pump event, the members (in general a telegraph app groups) then get the privileged information on which coin to pump. The group as a whole try to bump as much as possible then dump..

The group is aware what they got into to, they know the rules, etc.

BUT, most of my research on that subject is based on that academic paper.

Xu, Jiahua, and Benjamin Livshits. "The anatomy of a cryptocurrency pump-and-dump scheme." 28th {USENIX} Security Symposium ({USENIX} Security 19). 2019.

[carlfebz2]

Pump and Dump?

Majority of us would really be always having a bad perception towards it because we do want a somewhat stabilize and cant be easily crashed type of market.
Its ethically acceptable? Ive seen some do agree and some do disagree so its just matter of peoples views about it.

Also, we cant even precisely tell if its really a planned pump and dump because things goes smoothly when it rise and find out and tell up some words
when it declines too fast or crash.

[Yamifoud]

Manipulation, the pump and dump group have this way to make the market more alive than usual transactions.

For me, it was acceptable. Besides, I was benefiting from it. But I don't think that was made so simple. People who are involved in this (probably a whales) are also risking their money. Of course, they are also spending money on this to completely set up their plan and succeed. And investors had come on the market, we never think it was a trap (even now) but thinking as a normal scenario.

[Max_Headroom]

another question in ..

is there a "pump'n'dump coin/colored/token"? or "bump and dump" (ticker bad)

crypto pump'n'dump schemes always reminds that old Music Video Clip "Paul McCartney & Michael Jackson - Say, Say, Say (Original 1983 Video)"  

[Max_Headroom]

That's why most of the time when there's a new projects coming out investors tend to dump early once it's get listed.

I see -_-

[Ziskinberg]

We have accepted it already because we understand that it's how the market works, the pumpers and the dumpers are just paying around, they hype the news and they cause some panic after, the only people who are affected here are those who doesn't know how to play the game.

Been here for a while and I learn a lot of things, bitcoin will never continue its pumped for long, there's always a correction and some panic while me, I'll just wait at the right time to buy at dip. Believe me, this bull run will result to another big panic but that's a necessary one.

[buwaytress]

Nowadays? Pump and dump groups are as old as trading itself. Forex groups been populating markets for a long time, though yeah crypto markets and the ease of creating tokens now have really just been a boon to these signal providers and so-called pump groups. But just in case you didn't know, and for the benefit of others, they're all scams, you do know that, right?

Never mind ethics, they're not even profitable.

[Dutchyyy]

Pumps and dumps and immoral and I cannot accept it ethically.

They are literally planned and executed mass scams! Additionally, pumps and dumps are bringing bad names over communities and coins.

[Max_Headroom]

Pumps and dumps and immoral and I cannot accept it ethically.

They are literally planned and executed mass scams! Additionally, pumps and dumps are bringing bad names over communities and coins.

JPMorgan Chase approved

[maxreish]

Uncomfortable it is but that's how it is and I know for a fact that crypto market jas been manipulated by those pump and dump groups.
Technically, theyve used to boost the price whenever they've wanted to. These schemes have been happening since I've joined crypto industry.

Thus, those who are doing such will lead to massive losses when you can't handle this unexpected pumps and dumps especially when you are day trader.

[michellee]

Pumps and dumps and immoral and I cannot accept it ethically.

They are literally planned and executed mass scams! Additionally, pumps and dumps are bringing bad names over communities and coins.

Even if that pumps and dumps are not ethical, that pumps and dumps will always happen at the market, and we can not deny it. I think we can enjoy that moment because I am sure that if we can follow the pumps and dumps moment, we will make a profit, and we can get the best time to buy the coin at a low price. Yes, those pumps and dumps controlled by some groups, and if we are not careful, we can lose our money because we are buying the coin at a high price.

[k@suy]

Manipulation, the pump and dump group have this way to make the market more alive than usual transactions.

For me, it was acceptable. Besides, I was benefiting from it. But I don't think that was made so simple. People who are involved in this (probably a whales) are also risking their money. Of course, they are also spending money on this to completely set up their plan and succeed. And investors had come on the market, we never think it was a trap (even now) but thinking as a normal scenario.

A definitely true, for me a dump and pump group set the market on green or alive and its a way acceptable and in fact the green market not only benefits a one person only but it does benefits us all. The most probable thing that we should consider dealing with these dump and pump states are the risk that we may take, and yes the risk were already given and we don't have any other choice but to deal with it, but atleast these might help us to become wisely enough in our decisions in dealing in cryptocurrency.

[Kelvinid]

Uncomfortable it is but that's how it is and I know for a fact that crypto market jas been manipulated by those pump and dump groups.
Technically, theyve used to boost the price whenever they've wanted to. These schemes have been happening since I've joined crypto industry.

That seems to be normal and a thing that we don't need to complain about but instead to accept and live the market that is full of excitement and drama.

Besides, these people are free to do what they want. And I don't think there are doing badly in fact, traders are also benefiting from this. We have a chance to buy at the deep and sold it the bearish season, this becomes possible because of them and maybe, we are so thankful for having them.

[Kupid002]

Uncomfortable it is but that's how it is and I know for a fact that crypto market jas been manipulated by those pump and dump groups.
Technically, theyve used to boost the price whenever they've wanted to. These schemes have been happening since I've joined crypto industry.

Thus, those who are doing such will lead to massive losses when you can't handle this unexpected pumps and dumps especially when you are day trader.

We need to accept that some whales can control the price of one of the altcoin if they want thats why you to DYOR before investing in any project. Even in too crypto exchange it's working since whales or those who have a lot money want to also increase by trading crypto currency and they know that it is hard to do known crypto currency . So they do it to new crypto that has a potential and bought in deep and sell it those people that late to enter the market.

[SquallLeonhart]

Pumps and dumps and immoral and I cannot accept it ethically.

They are literally planned and executed mass scams! Additionally, pumps and dumps are bringing bad names over communities and coins.

Even if that pumps and dumps are not ethical, that pumps and dumps will always happen at the market, and we can not deny it. I think we can enjoy that moment because I am sure that if we can follow the pumps and dumps moment, we will make a profit, and we can get the best time to buy the coin at a low price. Yes, those pumps and dumps controlled by some groups, and if we are not careful, we can lose our money because we are buying the coin at a high price.

I doubt that we will always have pump and dumps in the market, we are going towards something more. Have you realized that thanks to DeFi projects and exchanges like uniswap we have been going towards more of a "swap" instead of trade? That means if we get to reach to a point where people are swapping their tokens instead of just selling them, that means pump and dump could become much harder.

I am not saying it will be impossible, but it could get al ot harder. Obviously CEX will always exist but by the looks of it they are either going to DEX route as well, or they are delisting many coins and keeping only the ones that are profitable, which would mean a lot higher volume which "should" mean it would be a lot harder to pump and dump, would require A LOT more money. Hence I think eventually we can get rid of all the pump and dump type of news very soon.

[imstillthebest]

pump and dumps happen on the coins that we arent familar with or newer built coins , it didnt bothers me because im not into those coins but i pick standard coins although there are manipulations here too but this mostly came from normal whales and not by a group of pump and dumpers .
 i can timed my moves well , ive been affected by manipulations minimally luckily . pump and dump are accepted because they are long known and they are still not banned but people hate fake pump and dump groups .

[michellee]

I doubt that we will always have pump and dumps in the market, we are going towards something more. Have you realized that thanks to DeFi projects and exchanges like uniswap we have been going towards more of a "swap" instead of trade? That means if we get to reach to a point where people are swapping their tokens instead of just selling them, that means pump and dump could become much harder.

I am not saying it will be impossible, but it could get al ot harder. Obviously CEX will always exist but by the looks of it they are either going to DEX route as well, or they are delisting many coins and keeping only the ones that are profitable, which would mean a lot higher volume which "should" mean it would be a lot harder to pump and dump, would require A LOT more money. Hence I think eventually we can get rid of all the pump and dump type of news very soon.

The pump and dumps will always happen in the market, no matter we hard to predict when it will come. Uniswap gives another opportunity for people to making money, and they sell their tokens at that exchange. So I think swap and trade will be the same because people sell (swap) their tokens to ethereum. But sooner or later, people will have more opportunities to sell their tokens at the popular exchanges because the tokens will get lists on the exchanges.

CEX and DEX will have its fan, and people will know what they need to choose, whether using CEX and DEX. There will be people or groups who will use the news to make pumps and dumps because they want to make a big profit from the tokens.

[luvwindy]

I voted NO
Because its a fraud, and a form of market manipulation which makes money by creating a false market.

[Silberman]

Nowadays? Pump and dump groups are as old as trading itself. Forex groups been populating markets for a long time, though yeah crypto markets and the ease of creating tokens now have really just been a boon to these signal providers and so-called pump groups. But just in case you didn't know, and for the benefit of others, they're all scams, you do know that, right?

Never mind ethics, they're not even profitable.

I think that people have different concepts of pump and dump and that is why there are so many voting for the option yes on the pool, it seems they think that any rapid growth or decrease in the price as a pump and dump and that is just the natural volatility of the market, but when I think of a pump and dump I think of a scheme in which a small group of individuals buy a coin with a low market cap for a cheap price and then they convince a lot of people this coin will go up and as such it pumps and then they dump their coins on them when the price is high, and such a thing is a scam no matter how you look at it.