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Consignee

Don't fall into BitBall Scam

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Thanks for sharing this, i believe in a situation like this there are many people who they lose money because they will rush to buy after saw that big bull. We have to check many things before buying, volume is the first.

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Time is the ultimate weapon!

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Thank you for that information mate, since that is the case that is happening in cryptocurrency world now then i will suggest we all avoid making use of this new exchangers and patiently make use of the popular exchangers like the yobit exchanger and binance exchanger since we all know they are legit and have high volume of coins on the sites.

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Thanks for all the analysis you did. Nowadays there are many platforms that are just poncy schemes that want to scam and steal people's money.

 

Thanks for warning

 

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As i too got suspicious of it as how it works is really sketchky as i rather use yobit for now but im still looking for other ways to use my investing skills.

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Such currencies are bubbles and clear, and that the volume is weak compared to the rates of rise and does not confirm the general direction of work, so it is not recommended to buy them or pursue green candles, as they fall from any price that reaches them towards zero.

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Yes there are many cryptocurrencies which goes up at the time of launch but after that they scam and it goes down and give big loss

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I have seen many pump and dumps and try to not follow or even spend time for them as they are always going back down to earth again. Even good coins are being manipulated by whales at times of low volumes and 100 BTC can create a big pump and dump. Some whales have enough to do that.

Edited by bogdanoff
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24 minutes ago, sarahyes said:

@CryptomintThis usually happens to airdrops .... they rise to the point where you start investing in them .... but with the passage of time they decrease .... and there are currencies that disappear with the passage of time .... I think that airdrop coins must be converted directly to more currencies Safer once you get it ...

Yes you are right my dear friend it always happene with the airdrop because the scammers always try to grab the money. So they make a scam project..

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Very good advice as this coin is one of the most obscure and always seem to be doing pump and dumps. It is very low cap, less than one million and very dangerous. I don't think the trading volume it has is real either as it is listed in pump and dump exchanges.

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Thanks for the warning of course I wouldn't ever try to buy a very small altcoin after it pumped like that. It doesn't have good volume either and it can be just people inside the team that made this by buying very high to create an impression of something happening and attract more buyers.

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It doesn't matter what these coins are doing. When looking why this happened we don't get a good excuse so unless there is big interest from a partnership then anything that happens on coins like this one it doesn't affect us.

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What would be the purpose of the token because this is really important you see it in that angle because when you look around there are so many ways to which we need to work with there are even different levels to which we value the same , I dont know about bitball but am going to check it right now

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On 10/7/2019 at 6:33 PM, Consignee said:

Yeah, I am very aware of that group. This coin is listed on graviex, mercatox etc. Both graviex and mercatox always list the scam, pump and dump project, project owner go their because the fee of listing their is very cheap.

Thanks for the advice dear because I am have made an account in the mercatox exchange and I always seen it very suspicion how the markets were moved there so I am now confirmed this sus. I am most interest about Yobit and the good coins trader there so I am not use many other exchange but the top ones only.

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The price of this coin is now $0,0014 a long way to go from this pump that made it reach $0,04. All these altcoins are even worse than penny stocks and scams that were flooding the stock markets and they don't deserve investment money.

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I think you should really  take care of your coins. There are lots of scams that can really lead you to loose your money. The exchanges must be secured and legitimate. Thank you for your post . Good luck.

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Yes you are right there is no doubt. That bitball is a scam. It is do scam with many peoples there is no any buyers. They scam with the peoples very very huge amount. So be careful and save your assets and don't use this scam exchange site.

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I think we have become well acquainted with these alternative currencies, whose system is based on pumping liquidity to raise the price up, and then with a large exchange that brings us back to lower prices than we used to.

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All my thinking about these failed alternative currencies in which many people new to this field see the rise and buy without any information about the currency, but unfortunately when they want to sell, they do not find any purchase orders in the currency and their money has been burned.

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Thanks for reminding us! There are a lot of scams out there and make sure you did not give your personal information. Please be wise all the time, because it is hard to earn a crypto and money nowadays. 

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I studied this phenomenon and found a large percentage of traders buy any alternative currency when they see a very strong rise that exceeds 500%, but unfortunately they do not know that these price movements have been used against them to attract many buyers to exchange them and return the prices as they were with a red candle that swallows all their money, Therefore, caution must be exercised and study the currency project well above all.

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This is funny to see and I've seen many coins do some extremely high pumps in a small time, only once I was holding a small altcoin that pumped and profited from this, of course I would instantly sell as everyone else and price will not sustain this level if there is no reason for the pump. Pump and dumps happen all the time in crypto.

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I don't know anything about this coin and I don't think this is because I am still new. It is probably a bait by some whales that pumped the coin and wait for others to follow thinking it will rise more. I don't like anything that does that and it can even doom this coin and not allow it to ever become a good one.

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It sounds exactly like you said, a pump & dump. Thxs for the heads up / warning about BitBall. Unfortunately, these types of pumps & dumps, hurt the crypto world in general. People get burned / ripped off, then they think everything that is related to the crypto world is a scam. Once bitten twice shy.

 

Its a good observation, that there were so many pending orders & volume on 1 exchange, but on the others, there was basically nothing. A very tell tale sign that. Others should remember that trick, to see if something is a scam or a pump & dump.

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Lol, this is definitely a scam and dump. There are so many of these coins that do that, they can even be pumped by the exchanges they are listed and those two mentioned in this post Graviex and Mercatox are two low volume exchanges that fake volumes and can easily try something like that.

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