Quote from: socks435 on March 10, 2018, 09:09:46 PM

Quote from: mrbnson on March 10, 2018, 08:38:58 PM

Quote from: Monster359 on March 09, 2018, 04:40:00 AM

I was thinking on some news i read a couple days ago some news about the bitcoin price manipulation. What would happen if we make a coordinated trading whit a high number of tradings partners explaining better buying and selling at the same time with all tradings partners buying will grow up the price and selling will down the price in some way the price will be predictable it could work better in low price cryptocurrency like NXT on USDT to manipulate the cryptocurrencys price a high amount of money is necessary but if we dont have a high amount of money we need many tradings partners operating at the same time it could get the maximum profit for all please tell me if it could work

Of course it could work, this is what a pump and dump group is. Given that crypto is unregulated this is allowed (It's not allowed in more traditional markets) but you need to know that the people you're doing it with have deep enough pockets and are trustworthy. Someone can easily cash out before your target and then you're all left holding falling coins.

But you can't get the maximum profit if you are late to exchange your coins, you still need a large amount of money to play the market price.

There are many groups of traders mostly in telegram they are just sharing what coin you should buy and when they are planning to sell their holdings. If you join in this pump and dump group you must be active and updated so that you don't be late when the time for selling comes.

If you are late, then your coins will stay no profit until your coin is useless and lose. So if you are planning to build a group or join in pump and dump group you must be updated.

Exactly, that's why if you were able to do it as an individual it would be much better but that's a lot of funds that are required to manipulate a market like that. Most P+D groups the founders will buy before they announce the target coin and will sell before it reach the target price.

mrbnson

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