Quote: (05-24-2019 12:06 PM)Sidney Crosby Wrote:
What's up with this shit coin? AOA 171% at the moment
https://coinmarketcap.com/currencies/aurora/
It would be nice if posts about other coins would at least attempt to make some kind of meaningful connection to bitcoin rather than just asking about them, because if the question asker (SC in this case) does not even make a connection, then it becomes more difficult to even consider the post to be ontopic.
In other words, all kinds of shit coins pump for all kinds of reasons, and part of the explanation for any pumping of a shitcoin tends to be related to how illiquid they are (in other words the smallness of their market cap or how few exchanges they might be traded on). So shitcoins with small market caps can be pumped with very little capital, and they might be pumped 200% or 20,000%, and it might be difficult to know when or whether to get in because they might be able to dump just as easy or by the time any guy here finds out about them, they might have already gone through their pump cycle.
I know that some RVF guys try to get ahead of pump cycles of these various other coins, and sometimes that could be successful to the extent that they might supposedly have connections beyond the rest of the more gullible public, yet if the only connection to bitcoin is that they are either trading in bitcoin or they are trying to stack sats through such pumping and dumping, those kinds of connections to bitcoin (and this thread) come off as lame, at best.
In other words, I could give two shits about Aurora (AOA), the various supposedly good coins of various "tier levels" mentioned by gework or the various pumps/dumps of such projects until some guy can actually first describe some kind of meaningful connection to bitcoin and/or this thread.