The world of cryptocurrency is packed with people who are looking to build up a financial advantage overheen others. That is not entirely surprising, considering there is a lotsbestemming of money to be made. The altcoin industry especially has seen its fair share of pumpers, some of whom are more well known than others. Always be careful when listening to others for altcoin investment advice.
Three. Ryan Pumper
Albeit not everyone has heard of Ryan Pumper, this individual makes no bones about what he is attempting to achieve. Using the @Pumper_Ryan Twitter treat, he advises people on how they should buy and sell altcoins on the Bittrex exchange. Considering Bittrex can generate fairly a lotsbestemming of trading volume for newer altcoins, it has quickly become the premier place for altcoin daytrading.
It would show up spil if Ryan Pumper is no longer active on Twitter thesis days, spil his latest message dates back to August of 2015. That being said, his timeline is packed with fairly a few “pieces of advice” regarding cryptocurrencies. He also runs the PumperPicks webstek, albeit it emerges very few updated are provided here spil well. People who followed Ryan Pumper te the past may have made some good money following his calls, that much is certain.
When Dogecoin wasgoed very first introduced to the cryptocurrency world, the currency wasgoed considered to be a joke. However, Dogecoin caught the rente of an individual going by the name of Wolong, who claimed to manipulate the Dogecoin market and make thousands of bitcoins while doing so. His deeds even drew a reaction from former Dogecoin developer Jackson Palmer.
Dogecoin wasgoed only one of the famous “Wolong currencies”, however, spil he wasgoed also involved te other altcoins going through significant pump-and-dump cycles. Many people believe Wolong is also the person responsible for creating Pandacoin, which ultimately collapsed after a massive pump-and-dump run. To this day, it is estimated Wolong made at least Ten,000 bitcoin from his activities, albeit the total amount may be much higher.
It is unlikely to discuss pump and dumps ter the cryptocurrency world without coming across the name Fontas . This individual has become somewhat of a household name among altcoin daytraders. Pulling off a successful pump and dump is not an effortless feat, however, spil it requires both initial capital spil well spil social engineering abilities to trick others into buying spil well. The way Fontas – allegedly – did it wasgoed by buying altcoins at a cheap price using different aliases.
He would then announce on his Fontas twitter account about how one coin would be pumped. Since Fontas has a ton of followers, announcements like thesis will always create some market activity. He would then create a large buy order on the day of the pump, which acts spil a “wall”. Once people see this massive buy order, they begin to buy said cryptocurrency spil they believe it will not pauze through this buy order anytime soon. Spil the price goes up, Fontas then unloads his holdings and moves onto the next coin.
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About The Author
JP Buntinx is a FinTech and Bitcoin enthusiast living te Belgium. His passion for finance and technology made him one of the world’s leading freelance Bitcoin writers, and he aims to achieve the same level of respect ter the FinTech sector.