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     7 years ago (edited)

    Consider this scenario:

    1. One big guy is buying A LOT of some not-so-popular coin
    2. He immediately sends to his list a newsletter telling this coin is going up (and should be, because he just bought a lot)
    3. People are jumping in, the coin goes to the moon
    4. He cashes out 10x or 100x his investment
    5. Coin tanks because its not having actual value and this dump kills it
    6. The big guru blames CRYPTO volatility for the loss and moves on to the next "opportunity"

    Your thought on this?

    Cheers,
    Adrian
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       7 years ago 

      it could work, but only if he has massive newsletter of people willing to buy nad they would buy in big numbers.
      this is what pump and dump groups on telegram are trying to do - doesnt work that great for regular users, mostly because time window when thing are going into right direction are very small - you miss it and you lose.

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         7 years ago (edited)

        Agree - telegram groups are even more effective because they reach the users (followers) instantly

        Cheers,
        Adrian
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