The huge BTC rise

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Cloutsy

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So, I am a bit of a noob when it comes to Crypto.

But, there are coins like XRP and others that are really cheap but popular, why not just make another BTC rise but with these cheaper coins?

XRP is like $.46 right now? If everyone just said let's invest, wouldn't we create another rise like BTC did?
 
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davids355 said:
Thread moved.

If only it were that easy.
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Thanks.

Isn't it though? If we all just said ok. July 1st everyone invest, what's the worst that could happen?
 
SMMnet said:
Thanks.

Isn't it though? If we all just said ok. July 1st everyone invest, what's the worst that could happen?
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How are you going to convince millions of people to invest their money?

What I think you are reffering to is called pump and dump. Was really popular (and successful) during the last bull market, and boy is it fun.

In essence - a lot of people buys a ton of a shitcoin. Spread fomo, people will see the insane uprise and also want to ride the wave. When price has been pumped, sell at profit.
Usually a "pyramid scheme" so only the top ones make any decent money from it.
 
It’s funny how y’all had been silent over crypto topics in the past year and all of a sudden are back at it now.

Let me remind us that it is still deep.

The previous peak is $19800.

About your question ... it’s a disconnect to associate crypto with investment .


They are just currencies to help with the ease and anonymity of your financial transactions.

Invest at your own risk as the volatility is very high since it is poorly regulated and doesn’t have a good historic data either.

My 1cent
 
It’s because of the market supply. Every currency has different supply.

Speaking of XRP, my ex coworker bought like $2,000 worth of XRP when it was $0.005 each and he lost the password to his cold wallet.
 
SMMnet said:
Thanks.

Isn't it though? If we all just said ok. July 1st everyone invest, what's the worst that could happen?
Click to expand...

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Social God said:
It’s because of the market supply. Every currency has different supply.

Speaking of XRP, my ex coworker bought like $2,000 worth of XRP when it was $0.005 each and he lost the password to his cold wallet.
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Is he still alive now after this?
 
Make it rise and winners always withdraw in time when others loose.
 
CryptoKujira said:
Over 2000 people already tried. They are called Alt coins.

https://coinmarketcap.com/
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Yea but XRP seems like it would be the correct one to do it again with.. Supply is good, cost is low, coin has a reason to invest. (Fast Payments, literally in seconds).

I was just curious if for example we all planned to invest. (If this is allowed), then maybe we could cause a spike? Idk, just curious
 
SMMnet said:
Yea but XRP seems like it would be the correct one to do it again with.. Supply is good, cost is low, coin has a reason to invest. (Fast Payments, literally in seconds).

I was just curious if for example we all planned to invest. (If this is allowed), then maybe we could cause a spike? Idk, just curious
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I wont open a can of worms on XRP debate, but there is a big divide between XRP fans and non fans. XRP is centralized. Crypto was designed to be decentralized. It has the highest amount of coins in circulation, and the founders gave themselves billions of dollars in XRP coins. Additionally, their own CTO just sold his entire stash of coins. Why? Ripple pays people to shill the hell out XRP all over the web like snake oil salesmen, making the founders even wealthier when everyone is convinced to buy in. And it's made for banks. But crypto was invented to circumvent banks. Argument goes on and on.
 
SMMnet said:
Yea but XRP seems like it would be the correct one to do it again with.. Supply is good, cost is low, coin has a reason to invest. (Fast Payments, literally in seconds).

I was just curious if for example we all planned to invest. (If this is allowed), then maybe we could cause a spike? Idk, just curious
Click to expand...

You're relatively close to fraud. Let's say you were very, very influental on this forum - and actually managed to get every member in on your plan to pump XRP.

What if you actually invest heavily in XRP - then tell all us members that it's time for us to invest. Obviously - you got in at the lowest point, right? And the rest of us is just gonna contribute to raising the price.

When you've gotten all of us to invest - you sell, and profit.

This is called pump and dump, and is illegal. This is also what McAfee was being suid for - he was (exactly like you are suggesting) trying to get people to buy coins he recommended to his ~1 million followers. But little did anyone know he got in waaaay before he started each trend.
 
Sounds like you want to create your own PnD (pump and dump) group - not a good idea.
 
Flignats said:
Sounds like you want to create your own PnD (pump and dump) group - not a good idea.
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Sounds like I had a question on if this was possible. No one is trying to create a pump and dump group.

Even if we did pump and dump. If we all planned it together and worked together, wouldn't it work?
 
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