Anybody else confused by the dead-coins pump ?

[Hypnosis00]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

Perhaps, it was not new for me to see these things happen in the market. Sometimes we got fooled by the developers, many projects have really a good start and gain the interest of the investors but as the competition continues, the momentum has changed and started to decline. I'd say it was not because of having the good fundamentals but it is all because of how the developer and the team work on their project to continue giving their product and services to the community.

 

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[lobo13hf]

it could be 100% certain that most of dead coins pump was just attempt of market manipulation, these ridiculous gains was indeed without any proper reasoning.
moreover it was short lived, so there are many individuals that gonna lose their money thinking they would make some good money out of it but the reality is that the moment you see the value already increase you're already late.

[serjent05]

it could be 100% certain that most of dead coins pump was just attempt of market manipulation, these ridiculous gains was indeed without any proper reasoning.
moreover it was short lived, so there are many individuals that gonna lose their money thinking they would make some good money out of it but the reality is that the moment you see the value already increase you're already late.

True, we had seen this strategy too many times but investors still fall to this trick.  I do not know why many traders and investors never learn, they keep on biting the bait and end up losing huge amounts of money when the manipulator decided to sell the huge chunk he/they collected when the target price is hit.

It is ok to participate in this kind of manipulated trade if we happen to be the first one to jump in because it can give us huge return, but often than not, we are late to the scene and often end up bag holding worthless token that the market manipulators dumped.

[shinratensei_]

Should just ignore these coins because they mostly have no future even if they are currently rising.
The thing with these coins in general that you already mentioned is the fact that even if they did rise hundred folds of their initial value they'd still have the chance of losing it all overnight.
You honestly better off investing in other coins at least that way you're not just being taken advantage of by the whales that seeks your money.

[Baofeng]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

Yeah, but this is obvious pump and dump mate, this can't be sustain in the long run. Whales are playing with the price and manipulating it. But the problem is that when newbies see it and thought that they can join the fun and invest their money, then that is the time wherein they are going to sell and take their profits. So it's not good to see this dead coins suddenly pumping.

On the other hand, if you believed on altcoins that has strong fundamentals then invest on them for the long run.

Not just short burst of price for pure p&d.

[taufik123]

Should just ignore these coins because they mostly have no future even if they are currently rising.
The thing with these coins in general that you already mentioned is the fact that even if they did rise hundred folds of their initial value they'd still have the chance of losing it all overnight.
You honestly better off investing in other coins at least that way you're not just being taken advantage of by the whales that seeks your money.

The whales are only playing their role to influence those who are constantly monitoring the destroyed dead coins like FTX and LUNA.

The price continues to be manipulated as if the price movement continues to be good, behind that the whale will be prepared to sell all of its holdings in trash coins to get a lot of profit and these dead coins will be worthless.

There is no backup on the dead coin, so the risk will be even greater. It is better to invest in coins that have a clear development and future.

-snip-
On the other hand, if you believed on altcoins that has strong fundamentals then invest on them for the long run.

Not just short burst of price for pure p&d.

That's better, altcoins with strong fundamentals will last longer, because there is a lot of support for these coins.
A few short bursts are just a game of Pump and Dump and that's not good for anyone.

[redsun114]

I think confused is not the right word to be used here but we are only wondering if why did that happen. There is no need to be confused about them because we already know that they are the coins that we must avoid. No matter what they do, even if they show a good gain like this, they still can't erase the trauma that they caused to us by the time they scammed and affect the crypto market big time.

Chainlink is doing poorly than them but this was still a lot better and I will still go with this coin. The bull run hasn't arrived yet, that's why many good old coins haven't showing a sign of increase but once it arrived, they will also follow.

[big kid]

Kinda. I'm mostly confused that some people are actually buying those coins. Some influencers even promote them, and I'm like "what the hell?".

[tvplus006]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally...

Where the price of the coin was greatly devalued during the dump process, the whale has a good opportunity to accumulate these coins in his wallet. The only goal pursued by them is to pump and sell for new market participants who believe in the restoration of these coins.

[abel1337]

Kinda. I'm mostly confused that some people are actually buying those coins. Some influencers even promote them, and I'm like "what the hell?".

Well influencers are gaining money from it that's why they are promoting it and some of those promotions are an obvious scam. People who are buying are either joining the ride or doesn't have any idea on what they are into. Hyping coins are still effective today and there are still many people who don't understand what are they buying to, The only thing they know is the possibility that they can gain profit from it and when they are on the point of getting some profits, some of them are just being greedy that's why most of them are just being at loss. We know that riding this kind of dead coins pump has its own risk and the risk is just too high to consider.

[Jackl87]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

I am interested in cryptos since the end of 2017 or so, which are more than 5 years now and during that time i have seen so many weird events where i just don't know why it happened because there is no obvious reason for it. For example, i was part of a signature campaign a few years back and at one time those tokens had a really significant value, but then the price went down heavily over the course of at least 3 years. Then i sold one day because i wanted to invest in other projects with a brighter future and then 2 weeks after that the price of that token made a x6 or so again with one day, even though it was completely dead for at least 3 years with trading volumes below 1000$ per day. So i waited 3 years and then i sold 2 weeks to early lul. Sometimes dead coins get a pump without an obvious reason.

[ningrum]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

2022 is the worst year for the world of cryptocurrencies especially in altcoins, for Bitcoin I don't think it will ever be a scam, but altcoins like Ethereum, Binance or XRP might be a scam,
we've seen lots of top altcoin scams, yeah you mentioned Luna, FTX, and even Voyager, of course this will make a crypto currency project really have to be analyzed in depth both fundamentally and technically.
to be honest, I myself am also confused about what to do next, but of course we don't just give up.

[Coin Gorilla]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

I found that to be a common pattern during times like these, the market is easily manipulated it, bigger whales are probably also counting on the psychological effect here that would trigger the FOMO effect and the hope that everything is going to be "just fine", making new influx of investment from regular users.

[Silberman]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

I know what you mean however when you think about it then this is not as nonsensical as it may seem, traders at heart do not care about how good a coin can be, they care about the money they can make and nothing else, and despite how bad those coins are and how we remind other traders about the dangers of risking their money with them, if they think there is an opportunity to make money with those coins they are going to take it even if by doing so they are taking a massive risk.

[Yamifoud]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

Well, I'm not sure if there still have investors in these coins as they are known for being a scam project. Maybe only a fool person can do that and believe them from a manipulated price movement. But I'm not going to wonder why those projects have the potential to remain on the dip. Besides, it was not the perfect time for to them in bullish, we're still in the bear market so definitely, there is no such change in their situation unless someone will manipulate the price as well. Let these shitcoins/scam coins pump, they will drop and collapse after.

[Furious 7]

FTX, Celsius, Voyager,  and soon Luna ( probably )... all making ridiculous gains in this BTC rally.
Meanwhile some coins with good fundamentals and strong utility ( like Chainlink ) are doing poorly...  C'mon...

Perhaps, it was not new for me to see these things happen in the market. Sometimes we got fooled by the developers, many projects have really a good start and gain the interest of the investors but as the competition continues, the momentum has changed and started to decline. I'd say it was not because of having the good fundamentals but it is all because of how the developer and the team work on their project to continue giving their product and services to the community.

 

Yep, in the end, this condition is still the same as before because indeed some coins that die in the end will only become coins which are indeed one of the things that are used as pump and dump gambling.
Some of us may be happy with this because we can still take advantage of the momentum when we are in the initial entry but we must be aware that this condition will not always be profitable and it is advisable not to do something like this in their current condition.

[ethereumhunter]

Yep, in the end, this condition is still the same as before because indeed some coins that die in the end will only become coins which are indeed one of the things that are used as pump and dump gambling.
Some of us may be happy with this because we can still take advantage of the momentum when we are in the initial entry but we must be aware that this condition will not always be profitable and it is advisable not to do something like this in their current condition.

Some whales like this pump and dump game, so they are looking for moribund coins to pump and dispose of them. This is what makes many people deceived by this game because they don't know the plans of the people who do the pumping. They could only keep up and in the end, it would be them who would lose.

And if we want to keep up with the pump of the dying coin, we must remember that once we can get a decent profit, we have to get out of the game immediately and never try to chase profits again. That can make us experience big losses. We also must know not to use all our money because that is a big risk.

[yazher]

Some whales like this pump and dump game, so they are looking for moribund coins to pump and dispose of them. This is what makes many people deceived by this game because they don't know the plans of the people who do the pumping. They could only keep up and in the end, it would be them who would lose.

This has already happened before and the whales have nothing to lose here because this is more likely their game they have a high chance of winning in this kind of situation because they are used to it for the past years. They know exactly what they are doing and they will gonna sell their holdings one after another you can see this kind of scenario when you look at Doge coins and their likes because these kinds of coins are the ones that are always pumping and then suddenly fall after a moment of increasing their prices. poor newbie investors, if they see the hype will gonna join thinking it is real when it is just baiting to lure them to buy those coins at their high price.

[TastyChillySauce00]

Kinda. I'm mostly confused that some people are actually buying those coins.

Some people were buying it caused by they were trying to short it with the hope to get profit instantly but this is also involving a very big risk when you were buying a token that already pumped so high. Those people are buying it with the hope that they can sell their tokens at the higher price when the pump will be going even further.

Some influencers even promote them, and I'm like "what the hell?".

Those influencers were buying before the pump. Never try to believe with influencers caused by they want your money. Mostly of influencers were scammers.

[Xal0lex]

If functionality and technology were the most decisive thing in the industry, we would have seen completely different coins in 1st,2nd,3rd place a long time ago. Bitcoin is extremely slow, with expensive transactions and limited block size. Ethereum is very expensive in terms of fees. Still, this does not prevent these projects from being at the top, although many projects that can demonstrate a more technological approach, cheap commissions, fast transactions, are at the bottom.

You should never make a decision to invest in a project based solely on the project's outstanding technical features. It may turn out that everyone just doesn't care about the technology.

It is definitely not just about the tech. There are a lot of other things that we need to consider when we are investing and just the pure performance of it is not the main thing people look at.

First of all, decentralization and trust are the most important ones right now, just to give an example; bitcoin is unlike any other when it comes to "ownership", all those SOL and AVAX and Matic etc etc all those coins have a team at the top and that team could make it great or make it crash, bitcoin doesn't have anyone like that. Which is why I believe that we shouldn't invest into anything like that, ETH is quite similar, there is a foundation but not owner like team at least.

All altcoins have developers and there are early investors. With these factors in place, it is already difficult to call such projects decentralized, but I do not support the opinion that it is not worth investing. It is worth investing, but it is important to determine the timing of investment. I agree that you should not invest in various altcoins for many years ahead, only bitcoin is suitable for that, everything else can turn into a scam at any time.