Did the ChainCoin pump and hold crowd project fail?
If any of you don't know the story already, some crypto-currency YouTuber had recently fired up his fan base, to join him in what he was calling a "pump and hold" strategy via a collaborated crowd sourcing method.
And yes, I am purposefully refusing to say that ridiculously missed spelled version of the word hold by the way, and you should too... it's fucking retarded.
Anyway, as of now, I believe the project has failed, and some would argue that it was in fact an orchestrated scam to begin with, by the evil puppet master who started the project in the first place... including the man writing this boring post.
What do you think, was this a scam, or just some dumb ass playing God for a day? Please leave your two Bitcoin in the comment section below, and thank you so much for reading this garbage to the very end.
Just checked it out. The coin network is old. You can't call the coin a scam. The guy was a bit over enthusiastic but he gave a way for the long standing holders a way to dump their coins. This can happen to any coin with a user base that has no belief in the coin. They just dump at the very first opportunity. The youtuber and his followers were successful in pumping up the price. But the rest of the community did not believe - they just cashed out the opportunity. They could have waited and slowly release their coins. Now that I read about it I just bought a little. The coin supply is limited - you can see on cryptopia that the sell volume is very low. You can't purchase 1000 coins without pumping up the price. That is the supply is limited.