How can I protect the coin from Pumps

[armenmerikyan]

I have a coin that just got pumped like 180000%, lot's of people bought at high price and are now stuck with the coin, what can be done about this ?

[Yogee]

Damn! It's a classic pump and dump hehe.

... what can be done about this ?

I'm not sure what you are really asking. Were you unable to sell during the pump or before it went down the gutter? It looks like you have no other option but to wait if you are still holding those tokens and forget for a while. That is only applicable if you think the team didn't sell their tokens for an exit scam.

How can I protect the coin from Pumps

You would want your coin to pump. What you should protect it from is massive dumps like that.

[armenmerikyan]

Damn! It's a classic pump and dump hehe.

... what can be done about this ?

I'm not sure what you are really asking. Were you unable to sell during the pump or before it went down the gutter? It looks like you have no other option but to wait if you are still holding those tokens and forget for a while. That is only applicable if you think the team didn't sell their tokens for an exit scam.

How can I protect the coin from Pumps

You would want your coin to pump. What you should protect it from is massive dumps like that.

The dump happened by an early buy and it pumped again the early buyer was slowly draining all the new buyers. it was some kind of bot I think, this is what the entire chart looks like.

How do I recover from this

[armenmerikyan]

Damn! It's a classic pump and dump hehe.

... what can be done about this ?

I'm not sure what you are really asking. Were you unable to sell during the pump or before it went down the gutter? It looks like you have no other option but to wait if you are still holding those tokens and forget for a while. That is only applicable if you think the team didn't sell their tokens for an exit scam.

How can I protect the coin from Pumps

You would want your coin to pump. What you should protect it from is massive dumps like that.

It's my coin, I'm the team, it's not a scam, I was just trying to protect the buyers from the 180000% pump it got.

I gave all the late buyers 10x their coins but that didn't fix the problem they just dumped more coins

[Yogee]

...
The dump happened by an early buy and it pumped again the early buyer was slowly draining all the new buyers. it was some kind of bot I think, this is what the entire chart looks like.

Wait. What is the tokens market cap? It would only take a few investors to dump on everyone if the marketcap and trading volume is too low. It looks like the token doesn't really have enough buyers to support the price.

...
I was just trying to protect the buyers from the 180000% pump it got.

I gave all the late buyers 10x their coins but that didn't fix the problem they just dumped more coins

If it was a legitimate purchase then you cannot do anything if some pump and dump groups does it to your token.

What were you thinking when you gave them more coins? Were you expecting them to hold on to it?  Of course they would sell them instantly to recover losses or to gain a little.

You don't compensate buyers by giving them tokens just like that. You create a product that will attract new investors. You can also offer buy back and burn mechanisms to help reduce inflation and increase token demand.

[armenmerikyan]

...
The dump happened by an early buy and it pumped again the early buyer was slowly draining all the new buyers. it was some kind of bot I think, this is what the entire chart looks like.

Wait. What is the tokens market cap? It would only take a few investors to dump on everyone if the marketcap and trading volume is too low. It looks like the token doesn't really have enough buyers to support the price.

...
I was just trying to protect the buyers from the 180000% pump it got.

I gave all the late buyers 10x their coins but that didn't fix the problem they just dumped more coins

If it was a legitimate purchase then you cannot do anything if some pump and dump groups does it to your token.

What were you thinking when you gave them more coins? Were you expecting them to hold on to it?  Of course they would sell them instantly to recover losses or to gain a little.

You don't compensate buyers by giving them tokens just like that. You create a product that will attract new investors. You can also offer buy back and burn mechanisms to help reduce inflation and increase token demand.

We have a real product, we teach people how to buy crypto, the first crypto they buy as a test and learning platform is browniecoin. The business plan works, I was not expecting a 180000% pump on day one.

[Yogee]

We have a real product,

If you say so. Continue building then to recover slowly.

The business plan works, I was not expecting a 180000% pump on day one.

Welcome to the unregulated market a.k.a crypto. You cannot control how many tokens one person can buy once it is listed on exchanges so that also means you cannot control how many they will sell. Pumps and Dumps happens to other new projects as well but this is my first time seeing the developer not involved in such scheme.

[armenmerikyan]

We have a real product,

If you say so. Continue building then to recover slowly.

The business plan works, I was not expecting a 180000% pump on day one.

Welcome to the unregulated market a.k.a crypto. You cannot control how many tokens one person can buy once it is listed on exchanges so that also means you cannot control how many they will sell. Pumps and Dumps happens to other new projects as well but this is my first time seeing the developer not involved in such scheme.

I got you, not new to bitcointalk, been a member since 2013.

[Fivestar4everMVP]

Haha, congrats mate, you successfully got yourself stock in a pump and dump coin, now you and every person that bought at all time high will have no choice but to hold the coin.
This is why it is advised that never buy a coin when its pumping cus it might be a trap, now, you guys got caught on this trap, the only thing  you guys can do now is to hold, hopefully, it might rise again and you guys be able to sell at a profit or even at what you bought it in the worst case scenario, but if you are impatient, then you might want to swallow your loss, this means selling at the current price, take your loss and move on, it's a lesson leant.

[sunsilk]

You should be active and online by that pump happens. It's either sell and take your profit into bitcoin or convert on a stable coin.

But being the owner of that token and you're going to take profit, that will really drop. Did you took profit and that's why the coin had drop after it has pumped?

[wheelz1200]

I have a coin that just got pumped like 180000%, lot's of people bought at high price and are now stuck with the coin, what can be done about this ?

Lol nothing.  There is no way someone can keep these groups from wrecking coins.  Only way is to make sure your coin has tons of liquidity on the buy side and huge volume.  They tend to go after coins with lower volume and thin books. 

[armenmerikyan]

You should be active and online by that pump happens. It's either sell and take your profit into bitcoin or convert on a stable coin.

But being the owner of that token and you're going to take profit, that will really drop. Did you took profit and that's why the coin had drop after it has pumped?

Early buyer was draining all the new buyers as soon as they would buy any amount.

[armenmerikyan]

The actual formula for saving and making money on your assets is the installation of programs that would track a sharp rise in the rate and would sell at the top of the mark, but such programs are expensive and most often they are not sold to beginners.

Can you name such program, i'm just curious to know

[Zilon]

What coin could this be? I hardly advice people to invest in a highly placed peak. Certainly most coins would still pump and would make investors happier and richer than they have always been. Taking hold of opportunity during price fall keeps you in heavy profits when the trend does it's major correction

[grabpopcorn536]

We cannot stop the pumps but we can choose our price action.
There are always pumps in the market so don't try to speculate and run after them. Get used to holding a coin and patiently wait for growth over the long term.

[jeungo]

The actual formula for saving and making money on your assets is the installation of programs that would track a sharp rise in the rate and would sell at the top of the mark, but such programs are expensive and most often they are not sold to beginners.

Can you name such program, i'm just curious to know

Unfortunately, I only know the theory, and I am not part of the players in this market who do this every day for 18 hours, so it is better to look for this question in the appropriate form branch as a program for short positions and market analysis for 24-72 hours. A very important factor is good friends who will tell you where and with whom to play. And most importantly when.