The huge BTC rise

[yakuzaemme]

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

If you managed to get 100 million new customers for your SMM services - wouldn't your "company" be more valuable?

Sorry - but you portey yourself as very dumb and naive. Stop it already.
https://en.wikipedia.org/wiki/Pump_and_dump

 

[Flignats]

It is possible, they are called PnDs.
You can easily find low volume coins and create massive increases in the coin value, then when others take notice and buy in you let them increase it a bit, then dump all you've bought on the market. You can't sustain the growth without the product actually providing value. 99% of tokens do not yet provide any value

 

[aristocratic]

@SMMnet
Keep in mind that XRP has a volume of 800-900m coins in circulation worth of more than $1B. So to make the pump and dump that @yakuzaemme suggested we will need a loooooot of money !!
Thats why pump and dump is done by “ BiG PLAYERS”

 

[CryptoKujira]

@SMMnet
Keep in mind that XRP has a volume of 800-900m coins in circulation worth of more than $1B. So to make the pump and dump that @yakuzaemme suggested we will need a loooooot of money !!
Thats why pump and dump is done by “ BiG PLAYERS”

You're not even close on the total coins in circulation for XRP

42b = Total circulation
99b = Total Supply

One of the highest total supply of any of the top 100 coins.

 

[Flignats]

You're not even close on the total coins in circulation for XRP

42b = Total circulation
99b = Total Supply

One of the highest total supply of any of the top 100 coins.

One of the highest total supply of any of the top 100 SHITcoins - FTFY

 

[Sherb]

@SMMnet I was and am passionately anti-Ripple (XRP). I spent a good bit of time in December 2017, when XRP was skyrocketing, warning of the inconsistencies and issues with the coin and the company behind it. There was a 30-page thread about it back then, and it can be found https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/.

Artificial price inflation of XRP is the reason that its chart looks like this:

From peak to trough, XRP lost 95% of its value. And people were still hyping the coin as it hit $3 per. Imagine getting into a pump and dump at what you thought was the start, but turned out to be the peak? Imagine putting $10,000 into this and walking away six months later with $500 left.

I put some solid knowledge nuggets in that massive thread.

Here was my initial argument: https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/#post-10684116

And here are further responses:

https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/page-2#post-10684212
https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/page-2#post-10684235
https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/page-6#post-10686906
https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/page-6#post-10686972

Here I stated that XRP, which was $3.14 when I posted, would drop to $0.50 in 2018. Three months after posting that, it did exactly that:

https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/page-17#post-10702080

A quote from further down the page on the same day as my prediction:

Lol bro i stopped reading ur bs when u said ripple is going to 50 cents... that was enough sherbert bs for today

(My username used to be Sherbert Hoover, so Sherbert is me).

Overview of "pump and dump" hype quotes:

https://www.blackhatworld.com/seo/you-think-ripple-is-done-think-again.997485/page-27#post-10737488

Even if you could orchestrate a pump and dump of an altcoin, XRP is a terrible one to go with because yourself and 10,000 members on here would barely make a small dent based on its market capitalization.

But how do you know when to dump? What is stopping authorities from knocking on your door since your full name is deeply intertwined with your username?Keep in mind that, even with you just asking questions and hypotheticals, you are associating yourself and your full name in a public space with financial fraud.

Do you want to make money? Put excess income into VTSAX and leave it alone. Don't gamble on fake money in the hopes that it pans out, because it rarely does.

 

[Badboy Enterprise]

Thats what the big players does
"Hey guys lets pump X coin" when he already bought a lot of it.. so when the newfags are buying he is selling all his coins
Example: John Cafe

 

[mhtro]

Predicting a market, pretty much pure luck. I am better off getting into real estate and not the predicting part of it

 

[CryptoKujira]

From peak to trough, XRP lost 95% of its value. And people were still hyping the coin as it hit $3 per. Imagine getting into a pump and dump at what you thought was the start, but turned out to be the peak? Imagine putting $10,000 into this and walking away six months later with $500 left.

You could replace 'XRP' with any other alt coin and this statement is still valid. Except most other coins lost more than 95%.

 

[aristocratic]

You're not even close on the total coins in circulation for XRP

42b = Total circulation
99b = Total Supply

One of the highest total supply of any of the top 100 coins.

Thats even worse ! Impossible for @SMMnet to pump and dump lol

 

[Boosts]

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?

That's why pump & dump schemes exist and only under half of the pyramids make successful dumps.

 

[bartosimpsonio]

This is a brutal market. It was dumped as fast and hard as it was pumped. Absurd.

 

[WatchMaker]

They called it a bullish market these days.
There is a bull market (pumping time) and a bear market (dumping time).

 

[Papaproxy]

They called it a bullshit market these days.
There is a bull market (pumping time) and a bear market (dumping time).

Why is it bullshit? You can see the trend is still pointing upwards, just a hard correction after an extreme rise.

 

[WatchMaker]

Why is it bullshit? You can see the trend is still pointing upwards, just a hard correction after an extreme rise.

Sorry, my mistake I want to say "bullish market"
Mistake = fixed! thanks for the question.

 

[Technabyte]

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?

I just want to mention that XRP is not "cheap". When you look at Cryptocurrencies, you need to look at market cap. XRP has a market cap of about 13 billion now and even though the price for one XRP is less than $1, the supply is very high so it isn't considered cheap right now.

 

[sylvyo]

Xrp in my opnion is a bad investment (almost an scam coin), very basic, circulating suply is to high 42b it will never increase its value at least in the next 5/10 years

go for low suply coins

 

[X****s]

The main problem with pump and dump, and there's a lot of problems, but the main one is you are essentially hoping for a group of honorable thieves.

Everyone in the pump and dump knows it's a scam and will do their best to screw over the other members whether it is maliciously or due to their own greed.

I won't be able to find the link, but on bitcoin talk there is a thread that tells the story of some large pump and dump groups from times passed. The person wrote it like some kind of nerdy crypto wolf of wall street novel and it really gives you insight into the problem with them.

 

[shiboshy]

The main problem with pump and dump, and there's a lot of problems, but the main one is you are essentially hoping for a group of honorable thieves.

Everyone in the pump and dump knows it's a scam and will do their best to screw over the other members whether it is maliciously or due to their own greed.

I won't be able to find the link, but on bitcoin talk there is a thread that tells the story of some large pump and dump groups from times passed. The person wrote it like some kind of nerdy crypto wolf of wall street novel and it really gives you insight into the problem with them.

That's correct, but pumps also help it grow...
There is another PUMP right now, you will see prices go waay up to $14K (my gut tells me that) in the next 2 weeks.

 

[3hlut]

Because everythin is controlled by AI which is using premade cycles.bitcoin will now raise together with gold.bitcoin started its bull with golds outbreak of a 10 years chart.Now fed decission on lower interrest rate.September again lower intereest by fed and ecb and october hard brexit which means bitcoin will keep raising.Altcoins just finished it dominance cycle and hit bottom.After bottom it takes 1-2 months to get a heavy spike.
We are already in accumulation mode of altcoins for weeks