Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CRAVE 0.52M, Dark Assets = Embrace The Dark = MASTERNODE HARDFORK APR 8
by
AlexGR
on 11/04/2015, 20:34:17 UTC
you guys are delusional. The pumpers have left the building and are planning their next vacation and/or car purchase.

Explain to me why a pumper would spend so many BTCs pumping the price to 800k and then ...dumping down to ...68k, in order to crush the price instead of maximizing BTC profit.

It's impossible for the pumper to have made any money on this.

The only profit comes from attacking the coin's price and confidence, leveling it at much lower levels, where re-purchasing the same quantity or higher quantity of coins can take place @ lower cost.

This scheme can only work if people dump at 100-200-300k etc, otherwise the pumper/dumper lost his BTCs to the casual investors.



Pumpers buy so that the price goes up. N00bs and general traders then think something is up and follow the buy trend like dumb blindfolded sheep. The pumpers then do their calculations and wait until the bases are loaded with other traders' buy orders and then wham dump their holdings when the buy orders are large enough to cover their holdings. This was a classic example and many people lost a lot of money with crave.

Dump down to 68k when you know you are killing it / overselling it and it rebounded to 350k a while thereafter? No. There is nothing classic here.