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

[Shasha80]

I think the planned pump and dump is an unethical way of trading and I am against it, because there will be many newbies who become victims.
I have a friend who is a victim of a pump and dump conducted by a trading group, eventually he considers crypto is scams. So I am very upset
if there are whales doing pump and dump, it causes many victims for small investors who don't have trading experience. Moreover, getting profit
from a pump and dump will make us feel guilty, because there are some people who are disadvantaged.

[Hamphser]

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.

Im having the same perception too when it comes to the poll results where people might believe that this is just a usual concept without even realizing

on whats actually a pump and dump scheme.Of course we don't really want to see to have that kind of market where price can shoot up green high spikes and

later on we do see a huge red candle sharply crashing down to the floor.It isn't acceptable but it can possible happen from time to time.

[buwaytress]

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.

Strange that there would be many concepts. It's not a crypto term, just popularised in crypto markets. And it really is a straightforward, ethically unsound concept that's recognised: you pump by making price, volume and demand go up artificially, and you dump on unsuspecting latecomers. Pretty clear to me, no argument.

So yeah, like you said, scammy af, and no two ways about it.

[fullhdpixel]

Pump and dumps have been a part of cryptocurrency trading scene since the first exchanges went live, owing a lot to thin order books, and unregulated exchanges.

That is, an individual or a group of individuals could cause an increase in price (typically with volume) to generate hysteria to then subsequently sell off for a huge profit at the expense of those late to the game.

The markets have long been manipulated, however nowadays there are groups dedicated to generated huge trading volumes along with heavy social media promotion to generate hysteria.

What's your take on pump and dumps? Does it make you feel uncomfortable knowing that traders outside of the circle will likely make a short-term loss, while those within the circle will mostly make significant gains?

If it’s in the stock market pump and dump is illegal, but since cryptocurrency market is regulated I wouldn’t say that it is illegal, buts it is a wrong thing to do (that’s what I think, and I know that there are people like who wouldn’t like pump and dump groups). I have heard and seen lots of pump and dump groups but I never took part in it.

Why this thing annoys me is because there groups are fond of targeting microcap cryptocurrencies that are still struggling to find their way up and they will pump it and dump which will discourage a lot of investors. It’s wrong for me.

[Rodeo02]

I think the planned pump and dump is an unethical way of trading and I am against it, because there will be many newbies who become victims.
I have a friend who is a victim of a pump and dump conducted by a trading group, eventually he considers crypto is scams. So I am very upset
if there are whales doing pump and dump, it causes many victims for small investors who don't have trading experience. Moreover, getting profit
from a pump and dump will make us feel guilty, because there are some people who are disadvantaged.

people who manipulate market prices can be imprisoned , there is a law for it I just don't know if this will law can also be use in crypto currency but if proven even the exchange has a power to block your account for manipulating the market. So its not a wise idea to join in a group that want to only manipulate the market just because they want to earn from. They can only shill it in social media but manipulating it is a crime and unacceptable for the exchange.

[TheUltraElite]

When you make profit, some has made lose and market keep on moving.

True, but the market here is unregulated and like a Wild West. Hence considered more risky than the fiat markets.

I can be against pump and dump if it is a worthless coin made for only the purpose to scam investors.

99% of altcoin projects are that.

Such coin just only pump and dump for life to the disadvantage of hodlers as it may not come up again in the market or get removed from exchange.

PnD is always going to be disadvantageous to hodlers and advantageous to the people doing it. If you are holding some coin which is prone to getting pumped and dumped, sell at the next pump and forget about that coin forever. Bitcoin rarely sees pump and dump that makes its price inflate or deflate too much hence there is no problem of holding it for long term.

It is one of the bad effects of having an unregulated market, you have nothing to do here but accept it and try to use it to your advantage.

[zanezane]

Considering that when you sell all your coins for a high percentage profit and knowing that there are people that have bought at the 32k price point is a pretty Stock Market Manipulation alike. I think ethically it does not violate any moral or laws but can your conscience carry the burden that you will be making some people out there homeless because they bought bitcoin at a high price.

[cryptolord2077]

I think yes, but only on condition that everyone is aware of what is happening, and that the pump and dump are artificial.
Least of all, I like that in such stories there is always an element of deception of those people who have no idea what is happening and believe that the pump of a coin is completely natural - it is not beautiful.

[jrrsparkles]

Pump and dumps have been a part of cryptocurrency trading scene since the first exchanges went live, owing a lot to thin order books, and unregulated exchanges.

That is, an individual or a group of individuals could cause an increase in price (typically with volume) to generate hysteria to then subsequently sell off for a huge profit at the expense of those late to the game.

The markets have long been manipulated, however nowadays there are groups dedicated to generated huge trading volumes along with heavy social media promotion to generate hysteria.

What's your take on pump and dumps? Does it make you feel uncomfortable knowing that traders outside of the circle will likely make a short-term loss, while those within the circle will mostly make significant gains?

Pump and dump are part of the trading assets in any format so its not only the issue of cryptocurrencies. In stocks as well these things can happen so we shouldn't tie this cryptocurrency, just need to be careful with big whales and their possible moves.

Ethically it may not be a right thing if someone keeps making profits by using all others but at last everyone is here for making money so the best one will likely to make it possible.

[Ucy]

Not sure about the ethical part but i think it can be considered immoral if the intention is to manipulate price for selfish/bad reasons, and if a deliberate price manipulation is done without network approval.
So, people should be more considerate of the general network while trading.

[mu_enrico]

I think yes, but only on condition that everyone is aware of what is happening, and that the pump and dump are artificial.

It wouldn't work mate

It is unethical since it relies upon newbies getting suckered into buying some coins.

In the end, the victim is always the newbies who bought last. That's why it's illegal in the regulated market.

[Silberman]

When you make profit, some has made lose and market keep on moving.

True, but the market here is unregulated and like a Wild West. Hence considered more risky than the fiat markets.

I can be against pump and dump if it is a worthless coin made for only the purpose to scam investors.

99% of altcoin projects are that.

Such coin just only pump and dump for life to the disadvantage of hodlers as it may not come up again in the market or get removed from exchange.

PnD is always going to be disadvantageous to hodlers and advantageous to the people doing it. If you are holding some coin which is prone to getting pumped and dumped, sell at the next pump and forget about that coin forever. Bitcoin rarely sees pump and dump that makes its price inflate or deflate too much hence there is no problem of holding it for long term.

It is one of the bad effects of having an unregulated market, you have nothing to do here but accept it and try to use it to your advantage.

I really think that pump and dumps are significant factor why many altcoins never see too much action, bitcoin is not only the best coin in the market it is also an asset that thanks to its huge volume cannot be pumped nowhere near as easily as a coin with no volume, this offers a certain amount of certainty, when you see a movement in bitcoin you know there is a significant amount of money in the movement and that for the most part it is a real movement with a lot of people behind it.

[carlfebz2]

I think yes, but only on condition that everyone is aware of what is happening, and that the pump and dump are artificial.

It wouldn't work mate

It is unethical since it relies upon newbies getting suckered into buying some coins.

In the end, the victim is always the newbies who bought last. That's why it's illegal in the regulated market.

Regulated or not it would really be an unethical thing to be done yet if there are ones who do make money then there are lots who would get wrecked along the process.

Also these kind of pump and dump cant really be seen until its too late.You cant even point out if its a pump and dump one or a typical correction in the market.

So its hard to tell yet it cant really be done so easily yet there would be lots of questions and criticisms if that do happen.Lots of questions will arise and lots of searching will happen.

[teosanru]

Pump and dumps have been a part of cryptocurrency trading scene since the first exchanges went live, owing a lot to thin order books, and unregulated exchanges.

That is, an individual or a group of individuals could cause an increase in price (typically with volume) to generate hysteria to then subsequently sell off for a huge profit at the expense of those late to the game.

The markets have long been manipulated, however nowadays there are groups dedicated to generated huge trading volumes along with heavy social media promotion to generate hysteria.

What's your take on pump and dumps? Does it make you feel uncomfortable knowing that traders outside of the circle will likely make a short-term loss, while those within the circle will mostly make significant gains?

No Definitely not. Pump and dump if done intentionally can never be justified ethically. Moreover even worse is when you give guided advice to someone to buy this coin after you yourself have pumped it up. But another side of the coin is that in the market someone's loss is someone's profit but Merely buying with an intention to pump a coin and then dumping it intentionally in a way that its value comes down can never really be justified ethically. There are many new investors in the market who are never equipped enough to know about all this moreover many of them have put up their lifelong savings. Even though it might sound too emotional but I feel it's not really that ethical.

[CryptopreneurBrainboss]

What's your take on pump and dumps? Does it make you feel uncomfortable knowing that traders outside of the circle will likely make a short-term loss, while those within the circle will mostly make significant gains?

Worry about things you can control and let those you can't control be. You can't control how people when to manipulate their way to success as all you just explains above is a perfect example of using shortcuts to become successful which isn't idea. Irrespective the f how the pumps become a success, you abstaining from partaking in this act will prevent you from falling victims.

How to spot this pumps are very easy, they're using coins that have zero or low liquidity and can be easily manipulated. They have no community backup or technology to rely on instead using the hype around the community to decieve gullible investors if their project been the best.

I'm not in support of pumps and dump and intentionally I haven't participated in any although I have bought several coins in the past that I left the project immediately I saw some impressive numbers of ROI.

[Ziskinberg]

What's your take on pump and dumps? Does it make you feel uncomfortable knowing that traders outside of the circle will likely make a short-term loss, while those within the circle will mostly make significant gains?

Worry about things you can control and let those you can't control be. You can't control how people when to manipulate their way to success as all you just explains above is a perfect example of using shortcuts to become successful which isn't idea. Irrespective the f how the pumps become a success, you abstaining from partaking in this act will prevent you from falling victims.

How to spot this pumps are very easy, they're using coins that have zero or low liquidity and can be easily manipulated. They have no community backup or technology to rely on instead using the hype around the community to decieve gullible investors if their project been the best.

I'm not in support of pumps and dump and intentionally I haven't participated in any although I have bought several coins in the past that I left the project immediately I saw some impressive numbers of ROI.

What we are seeing is normal in the crypto space, even if there are people who will continuously preach that bitcoin will be stable because of institutional investors but until it's proven, we should not believe it, we have to believe the nature and what we have been witnessing in a regular basis.

If I have enough money and I can benefit on the pump and dump, I would certainly do it as it's not illegal and everyone of us here is trading to make money, but we differ on ways.

[kotajikikox]

What's your take on pump and dumps? Does it make you feel uncomfortable knowing that traders outside of the circle will likely make a short-term loss, while those within the circle will mostly make significant gains?

In past i find this unfair because this has not been the market we are looking for , but on the other hand This is basically the way how the market proves Being Healthy mate because look on How will the market moves when there are no Pumping and Dumping happens .
Though still there is no Proof on this to be really in act but obviously there is .

Not sure about the ethical part but i think it can be considered immoral if the intention is to manipulate price for selfish/bad reasons, and if a deliberate price manipulation is done without network approval.
So, people should be more considerate of the general network while trading.

Immoral but on some ways Useful , this sounds like a Gambling platform in which the winnings are given to be lower chances than losing.

[TheUltraElite]

I really think that pump and dumps are significant factor why many altcoins never see too much action, bitcoin is not only the best coin in the market it is also an asset that thanks to its huge volume cannot be pumped nowhere near as easily as a coin with no volume, this offers a certain amount of certainty, when you see a movement in bitcoin you know there is a significant amount of money in the movement and that for the most part it is a real movement with a lot of people behind it.

I guess this is a reason why bitcoin has gained trust and with trust comes importance and long term valuation among the investors. Altcoins on the other hand are tainted by the words of pump and dump as evidenced by the charts.

Although bitcoin does get pumped without an organic cause when a certain triggering event takes place, it does get corrected with time and comes back to realistic levels soon. A good example is what happened this and the last 2weeks with the price as it crossed 40k USD and now getting corrected back to 34k USD.

Altcoin markets have always been a prey to PnD. I dont see their markets improving in this regard either in future.

[menoiazei]

Crypto stocks or fiat is free market and everyone responsible for their decisions so why not,
 good coins will stand the test of time

[error08]

What's your take on pump and dumps? Does it make you feel uncomfortable knowing that traders outside of the circle will likely make a short-term loss, while those within the circle will mostly make significant gains?

People who have involved in trading know about it and we should aware that trading isn't simply 'buy and sell' but Trading is a war among everyone who wants to get a profit. Someone can not earn profit without others lose their money, this is not related to ethics and the like, it's just a strategy and abilities to read the market and predict the outcome in the future that will determine whether someone will gain profit or lose.