Quote from: Seyoga on November 18, 2015, 11:31:32 AM

Quote from: jertsy on November 18, 2015, 11:27:57 AM

Quote from: franky1 on November 18, 2015, 11:17:58 AM

pump and dump groups have happened before.
the moral of the story is.. the person shouting the buy signal to members,, already bought before shouting buy... then waits for everyone else to push the price.. and then the organizer sells right before shouting to everyone else to sell..

end results.. only the organizer makes noticeable gains while everyone else is panic buying and selling in the middle..

it does not help cause any real long term rises. and just causes crappy speculative spikes..

if your going to do it.. do it with the pennystock (altcoins)

Wolong did that to Dogecoin and other alts. He made a fortune pumping the price and dumping on his co-conspirators. He never tried the same stunt with Bitcoin because it costs too much money to manipulate Bitcoin's price. Five million dollars spread across all the exchanges that matter isn't enough tp pump Bitcoin.

You understand that if we implement the idea - it would be super?

No, it would be horrible for all the mugs who got dumped on. The only person it would be super for is the organizer. Most of the people who joined in on Wolong's pumps were scammed when he dumped on them.