/biz/ - Business & Finance

>>54314256
of course not and he knows it

>>54314256
>these are the retards i talk business and finance with

>>54314256
How Does a Pump-and-Dump Scam Work?
By THE INVESTOPEDIA TEAM Updated January 13, 2022
Reviewed by SOMER ANDERSON
Fact checked by SUZANNE KVILHAUG
A pump-and-dump scam is the illegal act of an investor or group of investors promoting a stock they hold and selling once the stock price has risen following the surge in interest as a result of their endorsement.
1
Here, we take a closer look at how pump-and-dump schemes work and how to avoid them.

KEY TAKEAWAYS
Pump-and-dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading, or greatly exaggerated statements.
The favored medium of communication for traders involved in pump-and-dump is social media platforms or anonymized messaging apps like Telegram and Discord.
Promoters of the scheme will then begin to coordinate rumors, misinformation, or hype in order to artificially increase interest in the security, driving up its price.
Then, once the price of the stock has been increased sufficiently by unsuspecting marks, the promoters then sell the stock at high prices.

>>54314264
He sure has high conviction though. At the same level as when he called Covid in Jan 2020.>>54314281

>>54314256
The Basics of a Pump-and-Dump
Pump-and-dump schemes were traditionally done through cold calling. But with the advent of the internet, this illegal practice has become even more prevalent. Fraudsters post messages online enticing investors to buy a stock quickly, with claims to have inside information that some development will lead to an upswing in the share's price. Once buyers jump in, the perpetrators sell their shares, causing the price to drop dramatically. New investors then lose their money.

These schemes usually target micro- and small-cap stocks, as they are the easiest to manipulate.
2
Due to the small float of these types of stocks, it does not take a lot of new buyers to push a stock higher.

The stock is usually promoted as a "hot tip" or "the next big thing" with details of an upcoming news announcement that will "send the stock through the roof". The details of each individual pump-and-dump scam tend to be different but the scheme always boils down to a basic principle: shifting supply and demand. Pump-and-dump scams tend to only work on small and micro-cap stocks that are traded over the counter.
2
These companies tend to be highly illiquid and can have sharp price movements when volume increases. The group behind the scam increases the demand and trading volume in the stock and this new inflow of investors leads to a sharp rise in its price. Once the price rise has been formulated, the group will sell its position to make a large short-term gain.
>Baggie trying to get rid of trooncoin holdings
>Hurr durr, guys! I think whales are going to pump our bags! FOMO in and get pumped and dumped like a used up roastie.

>>54314256
I don't think he believes it is probable, it seems like he just believe that the risk:reward is favorable. But I could be wrong, haven't looked into it much.

He needs to take another assessment. At one time it was plausible. However if you look at the movements and events occurring together, it becomes clear that while BTC doesn't have anything inherently wrong with it, it is being dethroned for unknown reasons. Slowly but surely.

>>54314256
Hope so since I'm a Sorafag
If BTC makes it in 90 days, then XOR will probably pump to the atmosphere, since they always profits from BTC pumps, even BTC dumps

>>54314256
Nah, more like 60-80k

>>54314256
Lmao no
>>54314311
I saw the crash coming and the rally too with TA. It's not happening

>>54314311
No you fucking mouthbreathing retard. He's doing it as a PR stunt, for social media engagement.

Please tell me you aren't this braindead.

>muh hyperinflation
Sorry sweetie deflation is the best we can offer

too early, $1m might happen by the end of the decade

>>54314256
No. But it is going to do a 3x atleast.

>>54314256
Yes, but also one American dollar will equal 1,000 American dollars due to inflation.

>>54314256
That's a crazy prediction. Why would it do that? Just out of nowhere.... a million dollars in 90 days? Just like that? Aye aye ayyyeee

>>54314256
He wrote this at $26k. The very first bounce off the bottom and bulls are euphoric.

>>54314256
6 gorillion in 2 more weeks

>>54314256
Doesn't have to. As long as he generates enough hype, his longs will print more than enough to make up for the 2 mil bet.

>>54314256
no it will reach 0

>>54314707
Yes but you'll be one of the few americans with $1000. So it'll still be more buying power than those around you. They will need to work hourly to have things.

>>54314311
>At the same level as when he called Covid in Jan 2020
Why are you chuds so poor at logical reasoning?

>>54314256
balaji is a glowie so probably. if it does it'll be a wag the dog situation where it's a manufactured event to make sure you're not paying attention to something else. screencap this.

>>54314497
I used to nut to sweetieposting

He's right. It may well be a lot more. Deutsche Bank is about to bring down the euro. Forget about gold market cap. The euro is worth 573,713,793 BTC and ALL THAT VALUE IS ABOUT TO FLOW INTO BITCOIN AS THE FIAT SYSTEM COLAPSES IN EUROPE!!

>>54314707
This. If BTC reaches that price in 90 days it means a loaf of bread costs $20,000.

>>54315216
No, it only means the boomers at the fed are so braindead they pulled an argentina 2001 or a cyprus.

I don't think they are that retarded, well at least powell isn't, but Yellen seems to be on that level of retardation.

Don't bank what you can't afford to lose.

>>54314256
>Is he correct?
Probably just desperately trying to dupe the retards into buying his bags before the market really tanks in September/October. Screengrab this

>>54314256
Not in our lifetime. Gold MC is roughly what, 10T? The NYSE was 50T at some point. 1M BTC would give MC 20T. So, not anytime soon.

>>54314256
I’d be flabbergasted if we got 40k in 90 days