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Pumping Disallowed
Giga
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May 21, 2017 10:04 AM
Thank fucking god, absolutely annoying seeing that shit on here.
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May 21, 2017 10:04 AM
(May 21, 2017 10:02 AM)Wet Rag Wrote:  For someone who doesnt know much about crypto, what is pumping?

someone (usually a group) buys a large amount of a coin - usually 10s to 100s of bitcoins worth. This sudden activity may jump the coins placement up in activity charts - allowing more people to see it. More people see it, more people buy into it, causing the price to go up as demand > supply (the pump). when the person/group reches their pre-determined profit point, they will sell all their coins at once, cause the price to fall dramatically (the dump).
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May 21, 2017 10:04 AM (This post was last modified: May 21, 2017 10:05 AM by Copywriter.)
(May 21, 2017 10:02 AM)Wet Rag Wrote:  For someone who doesnt know much about crypto, what is pumping?

It's basically inflating a currency, and then eventually other people hop on the hype train, which also inflates it, which then the "pumpers," proceed to "dump" the coin when they see it has been a satisfying amount or whatever. Essentially those people who hopped on the train lose money, and the inflators gain. This is illegal in the REAL stock market.

(May 21, 2017 10:03 AM)Suply Wrote:  I'm pretty sure it is illegal so that's probably the reason behind it...

Yeah it's illegal in the stock market. People would lose millions if this were allowed.
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May 21, 2017 10:07 AM
lol all altcoins are pumped, not saying im involved, just saying it will never stop
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May 21, 2017 10:07 AM (This post was last modified: May 21, 2017 10:08 AM by Seaking.)
(May 21, 2017 10:00 AM)Omniscient Wrote:  Section rule added:

3. No pumping of coins.

Accounts will get closed for that bullshit. Tired of it.

After you and the "X coin" thread where idiots actually bought that coin here I can understand this rule. Idiots didn't even fully read the thread before dumping money into the coin. Thanks for the rule update.
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May 21, 2017 10:07 AM
There it is, we all saw this rule coming. Great addition to the forum.
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May 21, 2017 10:08 AM (This post was last modified: May 21, 2017 10:10 AM by That Poppy.)
Does HF have the power to pump a coin? O_O


(May 21, 2017 10:07 AM)Seaking Wrote:  After you and the "X coin" thread where idiots actually bought that coin here I can understand this rule. Idiots didn't even fully read the thread before dumping money into the coin. Thanks for the rule update.

You're the idiot, no1 actaully bought it as you could see at the 24h volume...
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May 21, 2017 10:08 AM
Great rule, very tired of the recent "HAVE U HEARD OF X COIN?" posts.

But, what rules as a pump and a proper discussion thread for people looking to tell others about their investment though? Are there any clear cut examples? I'm thinking of this thread:

https://hackforums.net/showthread.php?tid=5627219

It's also Verge, is this thread acceptable as compared to the other 2 you just closed? Just wondering!
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May 21, 2017 10:08 AM
(May 21, 2017 10:07 AM)Denzel Washington. Wrote:  lol all altcoins are pumped, not saying im involved, just saying it will never stop

I think a more accurate word would be shilling. Promoting altcoins is fine as long as you have reasoning for your suggestions.
I don't middleman any deals on- or off-site. Please don't message me requesting my past services and certainly don't fall for anybody who claims to be me.
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May 21, 2017 10:08 AM
Should we report these as "disallowed Blackhat activity"?
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May 21, 2017 10:09 AM
Can you be specific more about the pump rule ? for people who said they bought 5M X coin is that a pump ? other said ripple is with another deal with X bank ! I think it should be specific otherwise all threads will be considered a coin pump as this sub forum about 'Crypto Currency'
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May 21, 2017 10:10 AM (This post was last modified: May 21, 2017 10:11 AM by Copywriter.)
(May 21, 2017 10:08 AM)That Poppy Wrote:  Does HF have the power to pump a coin? O_O

Most definitely, it only takes about 100 BTC to pump, and HF members combined have over a thousand I believe.

(May 21, 2017 10:09 AM)Jackiex12 Wrote:  Can you be specific more about the pump rule ? for people who said they bought 5M X coin is that a pump ? other said ripple is with another deal with X bank ! I think it should be specific otherwise all threads will be considered a coin pump as this sub forum about 'Crypto Currency'

Well, in a way that's "pumping," but not dumping. A pump and dump is an organized process for unfair gain.
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May 21, 2017 10:12 AM
Thanks for the update, will be reporting posts going forwards.
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May 21, 2017 10:12 AM
(May 21, 2017 10:08 AM)Steve Wrote:  Should we report these as "disallowed Blackhat activity"?

I remember Omni saying that he carefully chose staff for a specific reason, I think that would suit it. They see anything relating to Pumping, I'm sure they'd know.
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May 21, 2017 10:13 AM
(May 21, 2017 10:10 AM)Copywriter Wrote:  Most definitely, it only takes about 100 BTC to pump, and HF members combined have over a thousand I believe.


Well, in a way that's "pumping," but not dumping. A pump and dump is an organized process for unfair gain.

Thread Tittle : Pumping Disallowed
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