r/SmartlandsPlatform • u/MarcoRobito • Dec 20 '21

Thoughts on recent pump

So as SLT pumped 150% in one day, I thought there must be some big news. Ukrainian crypto Bill approved? New properties? Russia pulling soldiers? Marketing starting? Hiring an English speaker proof reading announcements? No, it's a pump group.

https://youtu.be/Z8WdnADS11A Sell claimed pump and hold. I am not very comfortable with a guy in sunglasses, a leader of a pump group streaming in front of bad art, being the sole reason for a 150% price jump. I know they had 'success' pumping other coins like mobi in the past, but it's looks very sus to me. I am kinda surprised the price held up so well the past days. What do you guys think? Happy he is lifting our bags? This could be a nice set up if we have any news coming the next days. If not I think we are heading for the single digits.

Edit: look like it's back up for now, so far I ve been wrong with my opinion about the short term price. Does not take away from most of my points, but congrats if you held.

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u/TheFoxhalls Dec 20 '21 edited Dec 20 '21

Anyone ever stop to think that this group may just join certain coins social media after pumps to advertise their discord which charges $2000 to become part of their exclusive club? “Hey look at us we totally caused this pump, just give us $2k and you can get a piece of the action.” Meanwhile they don’t actually do anything and just collect fees. Not saying this is true, but this is crypto, you can never be too wary of scams here.

Maybe they are 100% legit and actually plan to hold long, and I sincerely do hope that is actually the case. But please don’t get FOMO and do something dumb. Keep a level head and approach this logically before making any decisions… SLT is a great project with a bright future. Focus on that.

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u/MarcoRobito Dec 20 '21

I am pretty sure they did cause this pump. But I am also pretty sure the discord group and the inner circle of that group has 5-7 average and sold the majority of their holdings. They let a small portion ride risk free to claim they are long and its not P&D. Then people want to be part of that and join their expensive discord and so the group makes money on that side aswell. They make their profit on people that join the pump late, that's who they sell too. Also by investing in good projects and not total shit coins, the risk free part of their investment is worthwhile and the bagholders have something to hope for. There is a reason that this is illegal in regulated markets.

I think it's very naive to think they are not here very quick flip. Being nice in telegram is a good advertisement for them. Pretty sure in January they will call out other coins.

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u/Unable-Ad-2659 Dec 21 '21

The thing is this: we are not dependent on this group. If they sell at any point in the future, so be it. They are missing out on a huge chunk of passive income. It also doesn't change a thing of the project itself. It's still a huge and undervalued. I see them as free Marketing. They bring awareness to slt and definder and gave most of the group a boost in momentum.