Next big altcoin pump

These groups are promoted heavily on Facebook, Instagram, and Twitter as both ads and general posts, but they almost exclusively operate on semi-anonymous messaging services like Discord and Telegram. Free to Join. Cole Petersen 5 hours ago. In the end th[e] admins of these groups will always want more people in their groups — so they can make more gains on bigger pumps — because they always buy in first because they know the coin they will pump. Noobs would buy and lose everything.

How Does Our Group Work?

Released just shy of 5 months ago, darkcoin has quickly ascended the ranks of the cryptocurrency next big altcoin pump, securing the 4 spot on coinmarketcap. Boasting what appears to be an impressive suite of anonymity features, darkcoin has successfully marketed itself as the rare breed of substantive altcoin. Is it, though? What is darksend? In short, a protocol that groups transactions in such a way that the source and destination of the coins are muddied. As previously mentioneddarksend is not a comprehensive anonymity solution.

Crypto Cap and Volume Rising

At face value, it sounds as if it would be easy to do, but we do warn that it is always best to read and learn more about the approaches to help increase the profit you can make. The pump team monitors the market and then ultimately decides on the coin that we will pump. It will be chosen according to the graphs and also news surrounding the coin. This is then followed by us launching a countdown to the pump itself. As the countdown hits zero, members of the group make a mass purchase of the coin in question to then inflate the price. At the same time, the members are seeking to encourage outsiders to join them in buying the coins as the price rises with the opportunity for us to effectively dump the coins to the outsiders and create a profit within the group. On average, a pump is only going to last somewhere in the region of 5 minutes.

How Does Our Group Work?

Released just shy of 5 months ago, darkcoin has quickly ascended the ranks of the cryptocurrency world, securing the 4 spot on coinmarketcap. Boasting what appears to be an impressive suite of anonymity features, darkcoin has successfully marketed itself as the rare breed of substantive altcoin.

Is it, though? What is darksend? In short, a ibg that groups transactions in such a way that the source and destination of the coins are muddied. As previously mentioneddarksend is not a comprehensive anonymity solution. At best, it provides pseudonymity. In spite of that, the people promoting this coin still use misleading buzzwords like anonymous payments and hailing the feature as something nexg unique and groundbreaking, and perhaps the greatest thing since bitcoin.

Darksend is merely an implementation of the CoinJoin specification originally created by Greg Maxwell, one of the bitcoin core developers. Still, Duffield does his best to avoid giving any credit to Maxwell. To make matters worse, darksend is closed source.

Take a moment to reflect upon how ridiculous it is to take open source software bitcoinlayer an open nrxt specification on top of it coinjoinand then keep the result darksend pimp source. It goes against the fundamental principles of the cryptocurrency movement, and is reflective of the motives of the developer. Amusingly enough, Maxwell himself is on the record stating that CoinJoin is inferior to other anonymizing protocols that are already available.

Put simply, Darksend does not live up to the hype that surrounds it. It can not ensure anonymization of payments.

Last week, a bug in the code unleashed havoc upon the network, causing it to continually fork and putting the coin into a nonfunctional state. A hardfork had to be issued to fix the issue. Having said all that, Duffield is no idiot. He knows the limitations of darksend. Why, you ask? Darksend is very good at generating hype. Hype leads to price apprecation. And who benefits from price appreciation? Coin holders, of course. Which brings me to my next point…. This one went unnoticed for quite some time, but by taking a quick look at blockchain data we can see what went on.

During the first 15 hours, between block 1 and blockapproximately 1. After this fork, the block reward quickly dwindled down to an insignificant. Right now, it sits at a pitiful 5 DRK. A farcry from the that it used to be. Next big altcoin pump result? Five months later, the 1. This is partially because it was released without a working windows client, one of the obvious marks of a scammaking mining it very difficult.

Who, then, was in the best position to mine the initial blocks? None other than Duffield and his buddies. The real question is, how many of these coins have been dumped on the market? Biig many are in the process of being dumped? When one person, or a group of people, control a majority of coins, this creates a situation where the price of the coin is either artificially inflated, or gets pounded into the ground.

A poor investment to be sure, made even poorer when you take a look at the 30 day price history. If you think growth like this is sustainable, history would like to have a word with you. All hype and no substance, darkcoin is far from a serious contender in the altcoin world. At the end of the day, darkcoin offers nothing of true value over other coins.

Disclaimer: The Information on this website is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any altckin purpose. The Information contained aktcoin or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.

Read the full disclaimer. How about the bytecoin forks, please save people from making their biggest mistake, like investing in monero. Bytecoin is the only coin right next big altcoin pump that has the developers that can compare with bitcoin. As far as I can see. Conclusion All hype and no substance, darkcoin is far from a serious contender in the altcoin world. Discuss this article over at the CryptoLife forum. Harry June 5, Genn June 7, Althou June 7, John June 14, Click Here!

Next pump countdown

We use our Telegram channel, along with our website, to keep a countdown of the pump so you know when to act, and. Every few days,strangers come together online to buy little-known cryptocurrencies, also known as altcoins, at exactly 2 p. For this, we have developed an invitation system that acts as an incentive for people to join us in our community. Like most involved in the scam, Spann first heard about the groups through Twitter, but quickly became hooked. Almost immediately afterwards, it began to rise in value. Also, the person that has been invited must then stay within our server for more than 30 minutes for the invite to then stand. Shutterstock, Inc. The pump group ethos is simple: Buy low, sell high. Do be aware that you will be unable to invite any individuals that have the same IP address. High-ranking members may be sent the pump signal anywhere from half-a-second to three seconds earlier than the general pool, a next big altcoin pump the groups advertise openly. Ethereum has made a small 2. This will pump the price straight up. Cole Petersen 10 hours ago. Privacy Center Cookie Policy. Big Pump Group is a cryptocurrency pump group with members around next big altcoin pump world.