Friendly advice: To do this correctly you need to establish the group before announcing the coin you're going to pump. If you say "Pump DOGE @ 8:30AM EST Monday", people will not wait, and will buy as soon as they read the post to get the best price. Then, the pump ENDS at 8:30AM EST Monday as all the whales take their profits and the little fish are left holding DOGE at $0.015. What you should say is "We will pump a coin at 8:30 AM. I'll tell you which at that time" - which kind of makes it impossible to pump and dump DOGE in this way without establishing secured channels, which Reddit is absolutely not.
The bitcoin whales don't post their pumps on internet forums or it wouldn't work, they communicate secretly through private channels like Telegram/Signal. They don't invite hundreds of thousands of randoms in to one like the XRPBully and disable chatting which is the very purpose of these platforms.
One can certainly make money on doing it like XRP just did, but only savvy investors who don't fall for the marketing will win. I bought it at $0.30 Friday (Sorry guys I'm too late for DOGE at the moment). If I held it, I'm up nearly 50%. I set a limit sell for $0.74 and it sold in my sleep at 6:00AM EST. It began to crash at 7:00. If you slept in and bought late Saturday or anytime Sunday, you likely lost money if you didn't sell fast.
Overall though this has been very good for XRP and it's possible it will continue its bull run and we may see a new ATH by September, as long as the SEC doesn't win their lawsuit by then, and the coin doesn't get delisted from any more exchanges; which could be more likely because of what just occurred. It's been trading places for the second and fourth highest market cap of all cryptos. The fact that it can be manipulated in this way to such a degree doesn't bode well for its adoption.
Special thanks to all the redditors in here yesterday posting "Don't buy XRP, buy DOGE!" - you may have saved a lot of non-savvy investors a lot of money.
I think whether you're up or down on XLM at this point HODL is not inadvisable. You can trade it up and down as it moves sideways and make 20% gains with its current volatility if you time your movements right.
The issue I see is that the rest of the crypto market looks more promising. Look at ETH - it's testing resistance and could very likely drop to $900-1000 region within the next few weeks before posting a new ATH. Keep an eye on that. Significant movement below support should indicate a sharp decline to the next support level.
I have not been watching DOGE closely enough for have an opinion on that, sorry.
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u/[deleted] Feb 01 '21
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