Looks like anons started the pump while I was working.
I'll start by copypasting the previous thread:
Zig Forums, I have an idea that I think could be very profitable even if you are only a poorfag and not yet a big ol' spermwhale. I'm going to throw a lot of information your way, so if you're lazy or can't be bothered to read, please move on to a different thread.
Holy moly!
Alexander King
Jonathan Martin
PIXBY is a project that has been stagnant for a while now. It was a good concept, a project with unique features and lots of potential... but none of that matters. Like 99% of shitcoins, it never gained mass adoption and it bled and eventually stagnated.
Alexander Kelly
interesting pic
Blake Sanders
ty, I agree
Here's where it gets interesting. Unlike most failed shitcoin projects, the dev did the right thing and didn't abandon the loyal holders. He maintained communication and transparency the whole time. He's working on a new project/projects (RUBIX/CONNECT) and he's kept the community in the loop every step of the way, giving regular updates, sneak peeks/previews etc.
Michael Bell
This brings me to the important part. All holders of the old token will be given the new token on a $1-to-$1 basis. There will be a snapshot in the next few days, and all holders will be able to do the exchange based on the value at the time of the snapshot.
The thing is, the old coin is so low-volume that even small purchases have a huge impact on price. A $50 purchase caused it to briefly 5x, a $100 purchase caused it to 10x, etc etc. These were relatively short-lived however, after 3-6 hours or so the price returned to where it was previously.
Ayden Thomas
So here's what I'm thinking: if even a small number of anons timed it right, we could use carefully timed small purchases to accumulate, let the price go back down, and accumulate more... and then use more carefully timed purchases to overwhelm the negligible sells and cause a sustained moon, just long enough for the snapshot. Even with small amounts of capital, a 100x-200x would be easily achieved.
James Hughes
After the snapshot, it doesn't matter if the price goes back down, since everyone will be able to exchange for the new token based on the value at the time of the snapshot. So none of us would have to worry about timing it like it was a run-of-the-mill pump and dump, or being left behind holding bags. As long as we can keep the price elevated until the snapshot, then we can all exchange for the new token based on the snapshot value.
Elijah Jenkins
Now what's the deal with the new token?
Who knows. It might take off and be successful, or it might fail just like the old project. I was very impressed with the actions/conduct of the dev, and there are features of the old project that I hope will be incorporated into the new project, because I think they could literally disrupt the entire tech industry... but who knows. I'm bullish, but I won't tell you it's a sure thing or the next ______, because I don't know for sure and I'm looking out for my Zig Forumsbros. If you want to play it safe you can sell immediately after exchanging.
Michael Ward
I plan to hang around to see what the initial price action is like. There's a pattern I've observed with new projects, one that I'm betting you've seen over and over too. A new token is released, it has a build up to a spike. Then it retraces, has a bounce or two, and then does a price discovery to a level that it maintains for a while. Then it either bleeds until it is abandoned, or it might be successful and achieve steady growth. Either way this goes, doesn't matter here, I'm just looking at that initial spike.
So if the old token does a 100x-200x, you can exchange and immediately sell. Or you can see what the new token does. If it even does a 5x-10x, which is common for new projects, we're looking at a 500x-2,000x, maybe even more.
Isaac Wright
What do my fellow Zig Forumsraelis think? Pessimists, skeptics and fudders, please feel free to poke holes in this idea and tell me why it won't work.
There's only two points of possible failure that I can see:
1) There's not enough buy-in, and there's no sustained pre-snapshot pump.
To this I would say look at the recent price action. Like I said, within the last week or two, a $50 purchase caused it to 5x, and a $100 purchase caused it to 10x. With that being the case, even 10-15 anons with $50-$100 each could easily sustain a huge pump, with negligible risk of loss to each of us individually. More anons and larger buys would obviously make it go even higher.