Is Bittrex Pumping Coins? Can We Profit?

in cryptocurrency •  7 years ago 

Is Bittrex and or whales on the exchange pumping small altcoins like TRIG Token, AdEx, GEO Coin, Qwark, UBIQ, ARK, Quantum Resistance and others?

It appears every other day there's a new coin or two that we've never heard of pumping then dumping in price.

Can we profit from second wave price pumps? Leave a comment below.

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I'm thinking about getting into crypto trading. Any good sites for beginners to learn how to trade?

Thanks for your reply @rlh100 So far Youtube has been the most useful site for me to learn how to trade.

Thanks for the info

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Pump and dump might be making money, not worth it IMHO, for those prepared to take the opportunity and watching movements, I say good luck.. Stick with what brings value to everyone or why invest at all? Thanks @champagnecrypto for interesting advice.

very risky to roll the dice with these pumped coins on Bittrex. By the time you here about the coin on Bittrex, it's pumped and on the way down. Will it do a second wave? who knows.

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its not bittrex its youtubers who are doing it

SO what is your advice? Buy Bittrex?

Interesting post!

When a coin hit a big exchange like bittrex people bought the coin, so the coin gets pumped

Short answer: Someone or group is taking advantage of FOMO mob mentality but it makes no sense for Bittrex to do anything more than highlight the day's gainers and losers and let the market decide. Now I wouldn't be surprised if some exchanges pump their own coin (like Binance Coin) for the publicity but it's still a shortsighted and risky way to get attention. Eventually I suspect all these exchanges are going to have to open their books to the regulators - and the ones that don't risk losing public trust.

My advice, stop trying to follow the crowds unless you have the tools and experience to see a pump and dump go down live. Old coins with nothing new to offer and brand new coins with unknown players and offshore addresses going through the roof in general should raise red flags.

Do the research, buy the shit out of good ideas with SUPER solid teams behind them - and sit back and wait.

Seems you are a big fan of 50 cent :D

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