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Bitcoin rumors: Ethereum and MaidSafe bubbles caused by Poloniex pump?

1,112 views · Published 7 March 2016 · 2:06 · Indexed 26 October 2026

Channel: BitcoinMeister · 2016 · News & Politics

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Ethereum on Poloniex volume:
http://coinmarketcap.com/currencies/ethereum/#markets

Pump and dump theory listed in comments section of the linked article and below the link:
https://www.cryptocoinsnews.com/ethereum-co-founder-vitalik-buterin-public-private-blockchains/

"R3 is also using bots on the polo exchange to pump Eth.. Its only has volume on one exchange polo where they use api bots to set price, the other small exchanges just follow. everyone should get on this to make easy money from trading they pump it for a long time to set new highs to generate press which is good for the coin. nice to get market volume.

Bots control the price range, the volume is not real, the same bot sells back & forth moving the price up, you cant short it,

if you try to short the bot just replenishes those coins within half a second,thats why charting rules dont apply, have you seen the eth chart? nothing like it.

Manipulation at its best.

it gets pumped without any corrections, there is 77 million coins in circulation most of that is owned by the same people so the higher they take the price the more they sell to the top..

that's why its only on one exchange so Manipulation is easy, if it was on any other big exchange with high Bitcoin volume it wouldn't be manipulated so easily.

i actually agree with the developers not allowing the shorting on margin calls as if they didnt stop the shorts price would be lees than a 1$,

its not fair to short the life out of something using margin when there is no demand yet, so you created the demand., as nobody knows about the coin, there is no real demand, the only way to create the volume & demand is to show people how much money they could make out of this in the next pump...

its a much faster way to get market share creating fake volume showing a bullish trend to suck people in. its a ponzi but not a long term one just short term to get more genuine volume, pumping to get it noticed.

you can see this for yourself on polo the only exchange with the volume, easy to see in the order book & you already noticed it, like you said its broken all the rules.

This tech has a great future they just want to make it happen faster using the price to get publicity which is working & i personally like it.

if you can speed up the mass adoption using manipulation you should do it, happens in every market.
take the bull by the horns & drag it up, why not..."

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