Pump and Dumps: Good or Bad?

Pump and Dumps: Good or Bad?

When I see a coin in Poloniex or Bittrex go on a 400% rise, the first thing that comes to mind is when will the bubble pop. People must buy coins to increase the value, and whales alike must dump them at some point as well. Greed is the ultimate demise of everyone involved in the pumping of a coin. This was clearly showed by the likes of Wolong and Fontas which I will explain in detail in another article. Yet, is there a positive side to a coin getting pumped? Can a coin survive the dump that comes after the rise? It could! Lets see the positive and negative of the pumping effect: The coin....


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Quotes

I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.

Satoshi Nakamoto, Bitcoin Developer