Topic: BTC are getting dumped, is this repeat of 2013 pump and dump? (Read 264 times)
I don't think that this is the repeat of 2013, as the current situation is quite different. At present, Bitcoin is well-known and one of the most prominent cryptocurrency. It wasn't as well-known in 2013.
What is now happening in the market, crypto currency always happens. Now the market correction is coming to an end after strong growth in autumn and winter of last year. This is a cyclical process in the market. Only the correction duration is changed. Coins can not constantly grow or constantly fall.
BTC is dumping now and it is good to us to invest or buy bitcoins now because i read some news that bitcoin will reach about 40k usd this year.
Many people do not like Bitcoin anymore due to the expensive fees and slow network so I do not really think the market will rebound much this time. I think the winter is upon us and I think the price of bitcoin if it goes below seven thousand US dollars, will probably drop at least right back to two or three thousand dollars again like the middle of last year again and then the price will remain low and regulated and suppressed at those levels.
No, much have changed since 2013.
Back then there was one exchange that had most of the volume. These days its different.
Especially with wall street getting involved and all those ETFs that are trying to get approved and listed on the stock markets.
Back then there was one exchange that had most of the volume. These days its different.
Especially with wall street getting involved and all those ETFs that are trying to get approved and listed on the stock markets.
With the existence of coin exchange sites from left to right, the circulating coins throughout the entire network is almost evenly spread and I have to agree with you. There's no way a pump and dump group could do this since Bitcoin's value is so really high and a group should be consist of BTC holders that has a tremendous amount of coins in their wallet which can manipulate its price from time to time. Bitcoin's movement and growth has changed dramatically with the continuous increase of people that was able to acquire BTC's. In fact, even Bitcoin hoarders has already gave up what they have as they can't resist to earn lots of profits.
It's not the same thing as it happened in 2013, simply because the awareness around bitcoin is completely different now. Some regulation has been done already, some countries really support bitcoin, there are more exchanges, although with still low liquidity when compared to financial markets, but way larger than in 2013. I heard news that the pup and dump in 2013 could have been done almost by a single person or a very small number of individuals. That is not possible now.
Of course that the "pump and dump" feeling hasn't changed, and a lot of people still just want to use bitcoin as an asset, so these cycles will continue. Maybe in 2013 it really was a single person, or a very small number of individuals, and now it's wall street. I do believe that this dump happening when the CBOE futures contracts are ending is not a coincidence. Wall Street guys did this pump and dump, and will probably keep doing it while they can.
The only reason they do this however, is because bitcoin has not enough adoption yet. It may have global awareness, but it doesn't have global adoption, so it's easy for them to manipulate the market. They can buy and sell bitcoin, like if they were buying and selling candy.
Smart people and real investors (not traders), will hold their coins during these events because BTC is still in development and we know it. Let's wait for LN to arrive, and for bitcoin to start having real use capabilities. When adoption happens, market manipulation will stop.
Of course that the "pump and dump" feeling hasn't changed, and a lot of people still just want to use bitcoin as an asset, so these cycles will continue. Maybe in 2013 it really was a single person, or a very small number of individuals, and now it's wall street. I do believe that this dump happening when the CBOE futures contracts are ending is not a coincidence. Wall Street guys did this pump and dump, and will probably keep doing it while they can.
The only reason they do this however, is because bitcoin has not enough adoption yet. It may have global awareness, but it doesn't have global adoption, so it's easy for them to manipulate the market. They can buy and sell bitcoin, like if they were buying and selling candy.
Smart people and real investors (not traders), will hold their coins during these events because BTC is still in development and we know it. Let's wait for LN to arrive, and for bitcoin to start having real use capabilities. When adoption happens, market manipulation will stop.
Ah well, no one listed to me and now loose your money.
I said it is repeat of 2013.
it will not be the same thing like 2013 because strategies on coins is not same like 2013. IT was not so volatile as like now in there also it was not known so much in that time.
So trading history of BTC started to change after 2015 so consider it but big players of today were not in there even in 2015s
So trading history of BTC started to change after 2015 so consider it but big players of today were not in there even in 2015s
Not so many people will agree with you and i am one of them.there is mass adoption of bitcoin today and alot of big time investors unlike those of old who could manipulate prices so much.Today,people are always capitalizing on price dumps at the least opportunity and so there will not be a major dump like 2013.The bitcoin prices will always recover.
I don't agree that it is just repeating what is in the history. If it is what you believed in, wake up. Many things have changed for the past four years. If you will be like that, you won't earn and profit a lot, maybe you'll lose money. Just be optimistic.
2013 people has not much interest in bitcoin , people more to consider it as something like a bullshit that could disappeared soon.But then bitcoin keep growing value and its community , the development growth faster than what expected.
And here we are standing and hold a lot of money that almost has no value back in 2009-2010-2011-2012-2013. The dump can always happened anytime , but if you look at the current situation , a huge drop seems won't happened especially after the LN launched.
Looking at the volume and what just happened to Bitcoin in last month, its obvious that this is the biggest Pump and Dump since 2013, dumping is happening now but they try to control it until they dump their huge bags.
Little guys and new comers with up to 5 coins is the ones that will loose and pay the price.
I've been in the game 5 years now and i can smell it, i'm not saying sell your coins, all i say is don't buy as we are experiencing mother of all dumps since the introduction of Bitcoin.
If you don't believe me just look at the graphs and read the posts from 2013, these posts are repeating now with the guys saying it will sky rocket and deep inside they know that its wishful thinking.
Great to see good support for bitcoin, most comments are optimistic which scares me, in saying this i hope you wont be the one loosing and paying for this, because large bag carriers don't need your or mine opinion, they predict what moves you will make.
Over the years Bitcoin was rising which i was sure would of happened, and i predict this steady grow for the future too, however my concern is this current 1 month pump, and people investing at this time, these naive people buying now and supporting this price will loose the most, and they will be the ones getting scared and selling in 1-2 months time which is what happened in 2013 back then i spoke with many people that lost thousands.
Bezobraznike price rise of 2k is nothing, all that means is large bags wait for price adjustment before they dump their other bag, and you were contradicting yourself with your comment.
Nadam se da si u pravu sto se cjene tice.
Looking at the volume and what just happened to Bitcoin in last month, its obvious that this is the biggest Pump and Dump since 2013, dumping is happening now but they try to control it until they dump their huge bags.
Little guys and new comers with up to 5 coins is the ones that will loose and pay the price.
I've been in the game 5 years now and i can smell it, i'm not saying sell your coins, all i say is don't buy as we are experiencing mother of all dumps since the introduction of Bitcoin.
If you don't believe me just look at the graphs and read the posts from 2013, these posts are repeating now with the guys saying it will sky rocket and deep inside they know that its wishful thinking.
5 days ago price was $2000 lower that it is today, that does not
look like dump, that looks like recovering previous value.
You are in crypto-world for 5 years and you still do not understand
basic fluctuations that Bitcoin make. After that dump in 2013 many
people saw opportunity to buy more Bitcoins for lower price, same is
happening again. In dumps you are accumulating more Bitcoin for
discounted price and if you wait long enough new ATH will come and
you will earn your money back and make profit.
Comparing 2013 and 2018 is almost impossible, back that Bitcoin
was not so popular and adopted like it is now, just wait and you will
see Bitcoin price $19000 again in shot time.
I don't agree that it is just repeating what is in the history. If it is what you believed in, wake up. Many things have changed for the past four years. If you will be like that, you won't earn and profit a lot, maybe you'll lose money. Just be optimistic.
I gotta say that today bitcoin manipulation getting harder and harder each time they do it, the thing is they are trying to get your coins by dumping it to a lower level then buying in the same amount they dumped or even less for more coins at lower stage that is basically what it is, unless you can anticipate that and do what they are doing exactly, it is better to hold on, because currently that is a cycle which will repeat it self until bitcoin can no longer be of any use, currently bitcoin is still a king among the coins , even if it was dumped people will be forced to buy in mostly in bitcoins, or sell using bitcoins, so there is no going around the fact it is gonna get up again, unlike in 2013 it was only testing the coin it self and maybe few other coins.
so conclusion : btc is here to stay, unless a way better efficient variant conquers it, currently I see ripple eating bitcoin in the coinmarketcap that's why btc value going down, but its a cycle as i noticed ripple gets pumped btc goes down, btc gets pumped ripple is down, now it appears ripple trying to be the next thing.
so conclusion : btc is here to stay, unless a way better efficient variant conquers it, currently I see ripple eating bitcoin in the coinmarketcap that's why btc value going down, but its a cycle as i noticed ripple gets pumped btc goes down, btc gets pumped ripple is down, now it appears ripple trying to be the next thing.
No, much have changed since 2013.
Back then there was one exchange that had most of the volume. These days its different.
Especially with wall street getting involved and all those ETFs that are trying to get approved and listed on the stock markets.
Agreed, this time is a different game. it is about 4 years since 2013 and you are still thinking something never changed? think again, please because that's wrong calcualtion. Back then there was one exchange that had most of the volume. These days its different.
Especially with wall street getting involved and all those ETFs that are trying to get approved and listed on the stock markets.
i dont think it is the same as 2013, bitcoin is being dump, that perhaps true but bitcoin now is ver high value that will not easy to die loose all money like before. bitcoin will surely be pumped back in the future so we should hold bitcoin and wait until Bitcoin is pumped to sell.
No, much have changed since 2013.
Back then there was one exchange that had most of the volume. These days its different.
Especially with wall street getting involved and all those ETFs that are trying to get approved and listed on the stock markets.
Back then there was one exchange that had most of the volume. These days its different.
Especially with wall street getting involved and all those ETFs that are trying to get approved and listed on the stock markets.
Some newbies think bitcoin is still acting like it's in the old days. The market totally changed. We're not in the old patterns, the pattern is more serious with tons of market investors and high volume exchanges.
Some newbies think bitcoin is still acting like it's in the old days.
Basically that. It pretty well explains why there still are idiots believing that Bitcoin can be worthless overnight. It's basically what I constantly see on TV when the mainstream media reports about Bitcoin. They repeat that the Central bank advices people to not buy Bitcoin because people can lose all their money instantly when the price goes down. 
The market totally changed. We're not in the old patterns, the pattern is more serious with tons of market investors and high volume exchanges.
Most people just ride the hype and don't even understand what it is they are investing in. I constantly hear people around me say that Bitcoin isn't issued by the government, so it's not legit. In other words, it's a scam according to them. The only difference these people see is that back in the days Bitcoin was $100 and now $15,000. If you explain them what Bitcoin really is, they just rehash their own idiotic logic, which is that it isn't issued by the government, so it has no value like the Euro or the USD have. 
There is a huge influx now of new money coming into crypto in general and still Bitcoin went up 1.3k % in one year which isn't a bad roi by any means. Yes there was a big correction from it's ATH but I am sure it might go up again once the whales blow up the altcoins of their choice and then want to cash out. Also though nowadays there are multiwallets and debit cards where people can store their coins and they don't need to sell them for Bitcoin like before, so they can directly have their coins exchanged from coins to fiat.
Jump to: