Quote from: mother_goose on October 26, 2014, 05:27:40 PM

Quote from: OldManKid on October 25, 2014, 07:41:23 PM

This is looking like a Pump and dump to me, lots of btc is being put at lower buy orders with no intention to buy efl but to make the buys look good. This is typical of every pump and dump I have seen.

I don't get the whole Idea behind pump and dump statements. It just rhime's well and it is easy to repeat over and over like a broken record. Let's just try to get this straight.

If I would be hungry for a coin, I wouldn't wait for my large buy order to be filled by the market. I would just buy what is available right know, knowing I pay more than I would if I tried to stay in the market. Some people spend hours on exchanges trying to collect pennies, while others just invest, anticipating for long term revenue.

If you willingly pay too much (sub-optimal) you may be called a pumper. In effect you just blew a hole on the sell-side, but, depending on the market liquidity/viscosity, that hole will be refilled. You cannot call that dumping, since it is just a law of nature. Naming things Pump and Dump (in that order) you suggest there is one actor that does both. When you dump, you blow a hole on the buy side and you receive too little (sub-optimal again), which makes Pump and Dump very silly indeed.

The lower buy-orders you mention are smarter. These are just anticipating the liquid market and catch a few coins on the wave back instead of buying at the top.

Pump and dump is basically a group of people getting together at one point in time to push the price up and then push the price down, if your trying to suggest otherwise then you have not been involved with cryptos very long.

In other words if you think a few individuals sat down at the same time on a Saturday day or night depending where you are to push the price up after 3 months of constant selling by coincidence then you must live on another planet. Wink