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Author Topic: I think I found the perfect way to schedule a massive pump  (Read 1955 times)
Ron~Popeil
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May 29, 2014, 05:59:22 PM
 #21

Market manipulation is the last thing we need. These stupid pump and dump schemes only hurt what this community is trying to accomplish.

Sure (and what OP suggested would not work at all anyway). BUT to some extent, and especially in a market with such low liquidity as bitcoin, there will naturally be sharks trying to fleece the inexperienced traders/investors.

This problem will solve itself with market cap growth. Until then it is a roller coaster.

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teukon
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May 29, 2014, 11:27:06 PM
 #22

Market manipulation is the last thing we need. These stupid pump and dump schemes only hurt what this community is trying to accomplish.

Stupid pump-and-dump schemes are not profitable so, while they certainly do hurt the market, there is at least a strong disincentive to executing them.

However, some pump-and-dump schemes are profitable and take advantage of manipulable day-traders.  These certainly help the market and the community and I for one hope we see more of them.
DannyElfman
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May 29, 2014, 11:28:17 PM
 #23

i once lost a lot of money on an altcoin pump that was carried out like this. NEVER AGAIN Undecided

This spot for rent.
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May 30, 2014, 12:12:26 AM
 #24

However, some pump-and-dump schemes are profitable and take advantage of manipulable day-traders.  These certainly help the market and the community and I for one hope we see more of them.

Schemes that take advantage of other people are not helpful. People that enjoy taking advantage of other people will get what they deserve in the end. I hope you lose everything.

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teukon
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May 30, 2014, 02:16:31 AM
 #25

Schemes that take advantage of other people are not helpful.

Such schemes, when profitable, take advantage of bad day-traders.  It is the bad day-traders that are not only unhelpful but destructive.  Disincentivising this activity will reduce volatility and quicken the process of price discovery.

People that enjoy taking advantage of other people will get what they deserve in the end. I hope you lose everything.

I suppose it's good karma to wish others misfortune.
tooil
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May 30, 2014, 02:25:02 AM
 #26

Schemes that take advantage of other people are not helpful.

Such schemes, when profitable, take advantage of bad day-traders.  It is the bad day-traders that are not only unhelpful but destructive.  Disincentivising this activity will reduce volatility and quicken the process of price discovery.

People that enjoy taking advantage of other people will get what they deserve in the end. I hope you lose everything.

I suppose it's good karma to wish others misfortune.


Pump and dump scheme are shark eat shark world.

Someone who is new to cryto won't know how to buy all these alt coin.
teukon
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May 30, 2014, 02:55:05 AM
 #27

Pump and dump scheme are shark eat shark world.

I believe so, although I'd extend this to all day-trading myself.
Shallow
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May 30, 2014, 12:44:14 PM
 #28

LOL what a retarded plug, besides, buying into someone else's publicly announced pump means YOU are the sucker left holding the bag.

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