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I don't think that this actually has any mid/long (even short depending on how you define that) lasting impact on the market. If you watch any pump and dump cha
by kjullien 9y ago
I don't think that this actually has any mid/long (even short depending on how you define that) lasting impact on the market.
If you watch any pump and dump charts no matter how big the group is, you see that the price is exactly the same as before mere minutes after their little schemes...
The only people who make money off of this are the ones that organize it and buy way before everyone else, or maybe a lucky few very fast buyers, but that's pretty much it.
I'm pretty sure even people who try this don't do it more than once.