Anatomy of a Pump and Dump
As many of you know I am firmly against pump and dumps. I debated posting this video because I didn't want anyone else to get caught up in his net, so I waited until the risk was outweighed by the benefit. This video is days old, ancient by crypto standards. The people pumping these coins don't have your best interests in mind.
They're referring to their pumps as "pump and hold" instead of pump and dump, because they claim their intent is to raise the price and hold it.
If you think about these questions for a minute:
Q: Why raise the price if you're holding?
A: The price is irrelevant if you're holding. The only reason to raise a price is to realize gains.
Q: How do you realize gains?
A: Selling aka Dumping.
Q: If a coin you have is up 4,000%, are you selling or holding?
A: you're selling.
The only thing "different" about the pump and hold is that the pumpers continue to pump while they exit significant positions. The influx of money while they exit makes sure the price doesn't slip down during their exit. Once they exit, they move on to the next "pump and hold".
Chaincoin, Synx, like 15 more, these "masternode" hype coins are inactive coins they're hyping. You can check out my article on looking at gihub for activity here.
The Video
This video was posted live a few days ago on the since deleted Synx HODL facebook page. These guys all work together, pump a few, dump on people, move around to another few.
Masternodes are not "advanced hodl technology" they're a scaling solution. Also while we're debunking things, Dash is not a chaincoin fork, it's a bitcoin fork. You can see it on it's github.
The star on the order book is his sell order at 2:10 - 2:15.
Summary
The important part of this video is around 2:10-2:15. His commentary about whales with sells includes himself. This is what a pnd looks like. A dude who prebought telling other people to buy in, while already having a target set to dump on them. The star in the order book represents his order. Price at the time this video was shot on facebook live? 16k sats. Price of his sell? 21.6k sats. That's about a 30% gain on more than 7567 units of SYNX, assuming he has just bought and hadn't bought earlier in the pump. BTC at this point was $2502 USD. Based on these values, you can see that he intended to immediately profit about $1000 USD with this 5min facebook live video. This wasn't his first push to pump this coin, so likely not his only profit. "...remember guys 5k coins are a masternode, so it's pointless to dump" - dude with a sell preset 30% above the price at the time, for more than needed for a master node.