Quote from: micoholic on January 23, 2018, 02:02:40 PM

Quote from: davis196 on January 23, 2018, 12:23:48 PM

Quote from: anobtc on January 23, 2018, 12:15:18 PM

I entered Crypto market for 2 months and usually see the term "pump and dump", and some P&D groups. But i wonder they pump by selling and buying themself, so when price go up, who will buy it for them and they sell that for who???
With Blue-chip coins, someone could buy when it've pumped already because of good news. So with trash coins, who'll buy this pumped coin and why many PP&D group still live until now Cheesy

You are asking a kinda pointless question.
There are many investors focused only on penny altcoins that are often pumped and dumped.
If there were no penny altcoin investors,the pump&dump method won`t work and no P&D groups would survive.Those investors don`t care about the "trash" altcoins.They care only about the short term profits.

Due to your post, my interest in finding a legit pump and dump group intensifies, Grin

Goodluck finding one.

Quote from: micoholic on January 23, 2018, 02:02:40 PM

From the way your post sounds, I feel like, P and D could generate big profits. Come to think about it, why there are still a lot of people focusing on penny Alts?

Yes, there are investors, more likely casual investors who's putting their money on penny alts.

Quote from: micoholic on January 23, 2018, 02:02:40 PM

1. Can hoard a lot of coins from a small amount of capital

Exactly, that's the point. Your small capital can buy loads of shitcoins.

Quote from: micoholic on January 23, 2018, 02:02:40 PM

2. Once its value spikes up, more investors will come in. Hence, another increase of its value

Yes, when the price spikes up, your investment will obviously grows.

Quote from: micoholic on January 23, 2018, 02:02:40 PM

3. Easy to exit in just a short period of time

Yes, as long as you are not greedy, You can exit anytime to what. The catch is, there are small traders who wish to hold further because they think that the price could still go up. Unfortunately, it doesn't work because the market is very unstable, the price could go down in a blink of an eye.

Quote from: micoholic on January 23, 2018, 02:02:40 PM

And I believe that this is doable even if you are just trading alone. Monitor the market or have yourself a working bot that could work where the coin is listed (i.e. Polo, Bittrex, Binance, etc.)

Its really doable, but it's not easy as it sounds. Too risky specially if you are a newbie trader.