LJ Articles| 16/09/2021 | #23
How To Manipulate The Cryptocurrency Market
by Lorimer Jenkins, y.at/⌛🚀💎🙌
- The Richie Rich :
Get inspired by the herd mentality demonstrated with stocks that pumped like GME. Then replicate it in a market that isn’t regulated where you can get away with it legally and in which exchanges cant be shut down. Start putting out media promoting a coin on your platform for the next 3 months. Sit back and occasionally put out tweets hinting to that coin.
Bonus point, accept that coin at your business and then once you have made enough money stop accepting it. Come up with an excuse that seems believable and that people will forget you said.
2. Fake Patterns :
Find 2 low market cap coins and manipulate the coin to create a specific pattern. Create a series of Youtube videos on how to trade Crypto patterns and explain to viewers exactly what to do. Show them the patterns you just created on the low market cap coins. Then in a later video recommend a coin to them where this pattern is currently forming . Personally manipulate this price again to display the specific pattern. Then as soon as everyone buys in when you told them to, sell everything you own.
3. The Paid Trading Group :
Create a Telegram chat explaining how you are a group of traders that want to make extra money from trades. Start putting out chats on what coin to buy and what price to sell it. For the first couple of times let people make a bit of money doing this, but then one day just dump the price. Don’t worry about which coin you put out there as it will just pump naturally from users you tell to buy.
Bonus point if you can get a user to pay for a bot that does this automatically for them.
4. The Exchange:
Buy a large amount of a coin. Report fake volumes to push the favoured coins dominance. Market that this coin is doing huge amounts of volumes everyday, wait for the pump and sell.
Once an authority finds out about it simply shut the exchange down and replicate it on another coin as they will have to go through the long process of finding evidence again.
5. The ICO :
Create a coin with really attractive features and market it as the next 100x coin. Offer the coin “exclusively” to every person you can find and convince them to buy it pre sale (this way they can’t sell). Once this is complete put a vesting period on their investment and launch the coin. Watch the pump and as soon as it’s at an optimal price sell ALL your bags at once.
6. The Whale:
Pump the coin every day for 90 days for huge amounts to enter that coin. Try to make the pump look very natural as you’re just trying to create fomo here, not push it up all at once. Once you have 5 x or 10 x your money, sell everything. This will cause a huge sell of letting you buy back in at a lower price. Buy back in and repeat for 11 years.
7. The Pump And Dump Group :
Create a Discord and Telegram group and buy around 100k accounts to join that group. Then promote that group on Twitter as an easy money maker to get real Crypto members. Then tell those members that together you can all make money together if we pump a coin at one specific time and take money off the other guys in the market.
For the first 3 times, you do as you said you would and buy the coin all together. This causes the coin to have a huge pump and make everyone a bit of money. But on the 4th time you pre buy the coin slowly ahead of time, around 30 seconds before you announce the new coin. Tell everyone the new coin and as soon as everyone starts buying, start selling. Replicate as much as you want, people will never learn.
9. The Company :
Hire an extremely good marketing team to build out fake communities blinded by influencers and money. Influencers here are key as they have a back log of making money for their followers and wont suspect anything. Create a coin with basic fundamentals and use your weight in the traditional world, tell everyone you are buying this coin. Sell when it has pumped around 5x.
10. The Project :
Promote your coin as the next game changer and then launch that coin with fake supplies. CoinMarketCap can be bought off and wont check if your project is genuine, so list it on there. Promote, promote and promote. Then at launch dump all of it at the peak of the pump.
11. The Trader :
Identify where all of the stop losses and margin liquidations are in a coin. Convince your whale friend to sell all of his bags, this will cause a huge sell off giving you an extremely lower price.
Bonus results if you put a bit of fake news and FUD out about the coin a couple days before you execute the plan.
12. The NFT sale :
Find a celebrity that is desperate enough to make some money as their management is taking all of theirs. Tell them that the management can’t take a cut out of their NFT sales. Create 1k unique NFT’s of them and make them promote it to all of their loyal fans. Then include a percentage cut of 15 percent in the NFT sale you can then watch the money flow in.
Worried about what to put on the NFT’s ? Just copy Crypto Punks with the celebs face as different colours.
13. The Fund :
Use your reputation and capital to bully a project in giving you an absurd allocation that wouldn’t be fair in any other circumstance. Watch the coin pump and as soon as you feel is right dump on unwilling customers.
14. The News :
Find out a coin that has an upcoming announcement or partnership and keep buying that coin consistently for 30 days before the announcement. This will provide a very strong chart pattern convincing people that it is a very natural movement and cause them to buy it. As soon as the news comes out or the partnership is complete, sell ALL your bags.
15. The Outright Scam :
Create coins, keep a huge amount of coins for yourself. Structure the metrics that rewards holders for not selling and if they do sell they get penalised for doing so. The penalised fee goes to the other stakers who have been holding for the longest time (Aka your wallet). Then create more coins as the demand grows and just keep selling the fresh ones. Rinse and repeat until everyone is locked in for a certain period of time.
Then once everyone is locked in and can’t sell unless they want to be penalised, put a huge amount of FUD out there that causes everyone to sell the locked amount. This will cause everyone to be penalised and all their coins to flow into your wallet. As the penalised amount will be around 50 percent the price will only be affected 50 percent . Leaving you with the entire coins supply in your original wallet and an extremely huge market cap.
This is a very good way of manipulation as you do not have to rush when you want to sell and you avoid slippage.
This is a real project that is currently executing the marketing staking phase. You watch what happens when the founder thinks he has enough money. Currently the largest scam in the world, HEX.
Conclusion
Other than that everyone is out to take your money.
The scariest thing about all these examples is that you can’t get in trouble for doing them, as the regulating bodies are still confused about what a Blockchain is and think “DeFi” is a company.
I fear every market after doing research into these patterns. I have found a huge amount of them, other than these ones. Be careful out there, you wonder why only the main coins survive, as the majority of coins are outright scams.
Something needs to change.
by Lorimer Jenkins
Disclaimer : I am not a financial advisor these articles for education purposes, new articles released by 12pm BST every day.
