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

[kram31]

Of course for the people like us here who are not rich, this is obviously very unprofessional or unethical. But in the positive side if you have
a trusted groups who will inform you if the coins will pump, many for sure can get a good profit in a short period of time. But if this just a group or signal group this is dangerous to join with them I guess.

[Silberman]

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.

Correct, which is why no one should try to trade those coins, it has been a known fact for a very long time that you cannot use technical analysis in small markets effectively and most honest books that you can read about trading will specify that pump and dumps are precisely the reason, in markets in which a single movement of a whale can move the market up or down technical analysis becomes meaningless and even if whales are powerful in the market of bitcoin they can be counted by other whales or retail investors.

[The Sceptical Chymist]

Pump and dump are beauty of crypto market and I don't deny that I love it.

Sure, everyone loves it when they're in on the game--but pump and dumps always have victims, the suckers that buy in at the top when all the insiders are dumping.  That's why it's illegal in the stock market to do that sort of thing.

It's kind of surprising to me that the laws haven't caught up to cryptocurrency in that respect, because I'm pretty sure it's still legal to pump and dump shitcoins at will.  It certainly happens all the time.  Anyway, I don't think it's "ethically acceptable" because of the aforementioned victims in the P&D scheme.  Nobody makes a profit in them without someone losing.

[TheUltraElite]

Correct, which is why no one should try to trade those coins, it has been a known fact for a very long time that you cannot use technical analysis in small markets effectively and most honest books that you can read about trading will specify that pump and dumps are precisely the reason, in markets in which a single movement of a whale can move the market up or down technical analysis becomes meaningless and even if whales are powerful in the market of bitcoin they can be counted by other whales or retail investors.

You can still trade in the top 10 altcoins. At least their market cap is comparable among each other and higher than the shitcoins that go 400% gains overnight. But these are not the coins to hold on to for long term. They are supposed to go up and go down without warning, even in the middle of the night. Making all of them a much more risky asset to hold than what bitcoin has become.

Bitcoin may drop but we have confidence that it will go up again. We can say this for certain but can we do that for altcoins? No. We will be doubting that.

This is why the fear level in altcoin market is also high. It takes just a small cap whale to dump and make the rest of the retail investors go crazy with fear. Hence my suggestion to keep altcoins to a minimum.