/biz/ - Business & Finance

[Anonymous No.17030593]

What causes coins to pump by over 20% within a day?

[Anonymous No.17030605]

waves

[Anonymous No.17030620]

>>17030593
People buying

[Anonymous No.17030631]

>>17030620
So I just need to buy a lot of a coin, then cause a mass panic to buy, then I'll be rich?

[Anonymous No.17030690]

>>17030593
Big holders of both the coin and BTC (aka market makers aka whales) changing their view or trying out pump and dump strategies they will pump the coin up, see how the public reacts and if the public is not enthusiastic enough or weakness creaps in the chart then they sell what they bought up during pump rather quickly (resulting in a Bart formation).
This is called dumping the corpse and only after the pumper sells it becomes visible what the net movement actually amounts to.

[Anonymous No.17030693]

>>17030631
Literally put $1 into every single crypto project
> ~$4,000
Something's bound to +1000%
>$1 becomes $1,000
Rebalance
>$1 becomes $1000
Rebalance
>$1 becomes $1000
Rebalance.

Lmao am I boomin yet

[Anonymous No.17030699]

>>17030693
1000x ** my bad
Think the last one to do something like that was BTB (lmao BitBall)

[Anonymous No.17030706]

>>17030593
Whales. That is, Chinks.

[Anonymous No.17030711]

>>17030693
>Literally put $1 into every single crypto project

It would cost you somewhere between $5,000 and $37,000 on fees only, not counting taxes and shit.

[Anonymous No.17031195]

>>17030693
Even if you made a 1000x on $1 for a single coin, you'd still lose $3000 on shitcoins