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>Of the big coins, not the hundreds of random ones with "To The Moon" Reddit comments. In terms of personal experience, I've not seen anything as explicit as t
by KVFinn 9y ago
>Of the big coins, not the hundreds of random ones with "To The Moon" Reddit comments.
In terms of personal experience, I've not seen anything as explicit as this article. And nothing with a giant market cap coin. More like a gray area between pump and dump and a bunch of over enthusiastic marketers.
Like I'll be reading a forum and notice a ton of people hyping up a small market cap coin. Check their post histories and they are generally new or they've only talked about the coin. Eventually find the slack/discord for the coin, people are posting links to forums/threads/mentions of the coin in the discord, and people are organizing shifts to give support. The comments are all purportedly coming from a genuine place (and to an extend they may be) but they were posted as if they were just random people stumbling across this discussion -- not an organized group explicitly trying to spread the good word.
- Gargoyle 9y agoPump'n'Dump of that sort for small coins has been going on since literally the beginning of altcoins. I'm not in the altcoin arena now, but I assume it's the same as it was. Really, there wasn't much different between that era and the yahoo penny stock boards of the late 90s. Learning to detect and filter that noise is a crucial skill if you're gonna trade those things.
- ecommerceguy 9y ago"Really, there wasn't much different between that era and the yahoo penny stock boards of the late 90s." I came here to say exactly this. Coins are extremely similar in nature to pink sheets. Bitcoinforums et al are the new yahoo finance forums. Full of shills and pumpers, be very VERY wary. I was doing "research" this weekend for some long tail alts I could ride the pump on next. I couldn't help but note the number of template Diva Wordpress sites out there, all using the exact same template just with different fonts and minor style changes. All have some bullshit "whitepaper" (overused term of the year). Then I thought this can't be that hard to start my own. So, I am. Hopefully I'll pump my own coin within the next few weeks. I've noted a few criteria that I'm sure will attract some gamblers/fools. On a side note, the eBay market for mining rigs and accessories is stunningly healthy.
- amigoingtodie 9y agoI am interested in the criteria you have identified. Would you be willing to discuss this further? I have some silly ideas.