Post
Topic
Board Speculation (Altcoins)
Re: How to recognize a Pump's going on
by
Cootie
on 20/09/2017, 09:50:50 UTC
Can you tell me please  how  to recognize  that  a  coin is probably being pumped, so that one can enter at  a  good  entry-point level?

I think that  can be achieved  observing the chart of  a low cap  coin ... if  it's  quite stable for months and  then  suddenly it breaks out this probably means  that the  coin is  being pumped and if you are fast ebough you can ride the rally to gain some profits..

I say  a coin with a low market cap because  they  are esiear  to pump, because it's  enough a  small ammount of  money to pump coins  with a small market cap




I think it is like the concept of a pump, more specifically an air pump. When you want to give air to something, you'll pull the pump to gather air inside, then pump it out to the object that needs it. In cryptocurrency, there is a sudden change in volume because it is being held together, decreasing the volume outside while the price is increasing, in the middle of increase the volume will be released simultaneously, with the price still rising. This is how i understand pump.