Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPA] SpainCoin: freedom for Spain, LAUNCHED!
by
flipstyle
on 18/03/2014, 09:16:54 UTC
the SPA mini-pump has started on all exchanges, help to make it a big nice steady rising pump so everyone can benefit from it

these pussys will just dump again when it goes up a bit, its starting to piss me off.

Unfortunately, I feel the same way about these assholes.  They do little 15 minute mini-pumps where the only ones who benefit are themselves.  They set up fake sell walls and buy walls to bat people in.  If you try and put in a large sell order during the rise, they'll just keep on pushing your order down with new walls undercutting you.

Sometimes I actually wish the crypto industry was 'semi-regulated,' because bots absolutely destroy the game.

 I never realised till now that this was being done, its definitely some sketchy shit. but than again i feel like if they do regulate it its not going to be for the better, seems like everything the goverment does is only to help them make more money.

Well, this kinda manipulation isn't allowed on the stock exchange.  Not sure about forex, but this type of gross manipulation would get you locked up for quite a long time in the 'normal world.'  But as we all know, the crypto world is the wild wild west...so anything goes.

But it's so easy to spot the signs once you observe the market for a bit.  The fake buy and sell walls, micro purchase transactions...then the sudden 'big' buy order to give the illusion of purchasing strength...then they quickly pull the rug out from under your feet before you can even blink.  

But if you're fortunate enough to get a large sell order out during these mini pumps, then more power to you!