Topic: Is Bitcoin a pump and dump scheme? - page 6. (Read 796 times)
this scheme in my opinion happened in December where we saw a surprise increase and a huge pump of all the market and after a top the coins were sold, a lots of coins than were dumped.
Base on what I learned here in bitcointalk and understand, Probably not. A pump and dump scheme is a fraudulent operation where the operators own lots of a low-valued stock or commodity, and use mass advertising to lure large amounts of money from new investors, which in turn inflates the price. Once the commodity has reached a sufficiently high price, the operators “cash out” by selling all their holdings, which causes the commodity’s price to plummet, and the later investors lose most of their invested money.
What do you think ?
probably yes but I'm sure investors and other big names has something to do woth manipulations of crypto prices. It is the nature of cryptos to pump and dump as this what makes them a good investment and its popularity is actually based on the assumption that this kind on investment can give so much return from its pump and dump scheme or whatever.What do you think ?
no , bitcoin is not a pump and dump coin because bitcoin has a real time usage and purpose unlike to some real pump and dump coin that dont have a real purpose on why they are built other than a pump and dump scheme. bitcoin is a high volatile coin that is the main reason why its value fluctuate too much and that is also the reason why it is mistaken as a pump and dump coin. but sometimes it does actually manipulated by whales and other group of powerfull people.
what do you want to expect from Bitcoin if it's a stable price, do not expect Bitcoin prices to be stable and correct I think up or down its price Bitcoin is a game
It should not be stable price is volatile in a daily market. It is the most reasons why investors involve in bitcoin because of swing increase of prices. It is not a dump and scheme the flow of market is very volatile. 
It's not a pump and dump scheme but obviously this are the people who manipulate the system they are the whales of bitcoin. I'm pretty sure you can mae alot of money on bitcoin especially if you going to hold it for long term.
what do you want to expect from Bitcoin if it's a stable price, do not expect Bitcoin prices to be stable and correct I think up or down its price Bitcoin is a game
Base on what I learned here in bitcointalk and understand, Probably not. A pump and dump scheme is a fraudulent operation where the operators own lots of a low-valued stock or commodity, and use mass advertising to lure large amounts of money from new investors, which in turn inflates the price. Once the commodity has reached a sufficiently high price, the operators “cash out” by selling all their holdings, which causes the commodity’s price to plummet, and the later investors lose most of their invested money.
What do you think ?
Only whales can manipulate the price of bitcoin but since trading of bitcoin and cryptocurrencies are worldwide i don't think a single whale can manipulate it but only influence. So my conclusion is that bitcoin is not a pump and dump scheme anymore bacause of its vast market, it can be done on some other coins but not anymore on top coins. What do you think ?
Base on what I learned here in bitcointalk and understand, Probably not. A pump and dump scheme is a fraudulent operation where the operators own lots of a low-valued stock or commodity, and use mass advertising to lure large amounts of money from new investors, which in turn inflates the price. Once the commodity has reached a sufficiently high price, the operators “cash out” by selling all their holdings, which causes the commodity’s price to plummet, and the later investors lose most of their invested money.
What do you think ?
probably yes but I'm sure investors and other big names has something to do woth manipulations of crypto prices. It is the nature of cryptos to pump and dump as this what makes them a good investment and its popularity is actually based on the assumption that this kind on investment can give so much return from its pump and dump scheme or whatever. What do you think ?
Although other coins like Ripple are more of a pump and dump scheme, BTC isn't as highly manipulated. There are whales who occasionally pump and dump this coin, but, not as frequently.
The market is very volatile as of now and there are definitely people around it who are manipulating it.
The market is very volatile as of now and there are definitely people around it who are manipulating it.
Bitcoin is not a pump and dump scheme, we all agree on that. But of course there are investors trying to manipulate the price, whales for sure will pump and dump. When the price increased to 29K mid December last year, it was because lots of people stepped in, trying to make a profit. Now the price is declining, it's because people now have lost interest.
I don't agree that bitcoin is pump and dump scheme.These price fluctuations are normal and can happen with any coin or stakes in any market.The prices are not overly increasing or decreasing rather it is gradual dip.Every time the prices gets the big correction the people tends to go negative rather thinking of making something out of every situation that they get.
The company had promised up to 40% returns on investments the police further claimed. The gang has duped the investors of over Rs 300 crores. We are verifying the documents,” a police officer was quoted as saying by News 18.
Rahul Dravid, former Indian cricket team captain, alongside badminton icons Saina Nehwal and Prakash Padukone are among the high-profile individuals who have been allegedly tricked by a Bengaluru-based Ponzi scheme, according to News18. The high profile athletes are among 800 others, including well-known figures from the field of art, cinema, politics and commerce; all of whom seem to have been deceived by a firm called Vikram Investment Company according to the Bengaluru City Police.
https://www.msn.com/en-in/money
I don't agree that bitcoin is pump and dump scheme.These price fluctuations are normal and can happen with any coin or stakes in any market.The prices are not overly increasing or decreasing rather it is gradual dip.Every time the prices gets the big correction the people tends to go negative rather thinking of making something out of every situation that they get.
before saying bitcoin a pump dump.do some analysis on google and read what crypto expert say about bitcoin.
bitcoin mining cost around 2k usd .so think what is the potential of bitcoin and then say something about bitcoin.
currently bitcoin gooing through a correction zone and it will increase more and more.its buying time.
bitcoin mining cost around 2k usd .so think what is the potential of bitcoin and then say something about bitcoin.
currently bitcoin gooing through a correction zone and it will increase more and more.its buying time.
Agreed ,It’s very unlikely Bitcoin fits this description because Bitcoin offers value as a form of money using the, Bitcoin sufficiently solves the problem of reaching a consensus among a network of untrusted peers, allowing for funds to be quickly transferred to anyone on the planet without trusting a 3rd party. Bitcoin is the first payment system to accomplish this.
$1,000 to $20,000 in 2 years.
$20,000 to $6,500 in 4 months offers what kind of value ??
Nah not at all. Yes it does seem like the market is pumped at times but look at any other market and you'll likely see the same pattersn as you are seeing now. Bitcoin is a good market although it is still finding it's footing but it has a lot of potential and with new regulations coming in, I believe there will be a stable market in the near future.
Bitcoin has become too big for a pump and dump scheme.
well you are 100% correct on this, it is a common strategy in use to attract investors, and wonder why so many people who trust bitcoin, but this kind of thing has happened very often.
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It can't be a pump and dump scheme. You can call it a bubble or a tulip mania but it can surely not be a pump and dump scheme. A pump and dump is something when large group of people starts buying an asset at the same time and create a massive pump in price in a short time. In case of Bitcoin the price is although increasing but it is taking a good time since we have been waiting for so many years for BTC to reach at this level. Bitcoin has been dumped many times because there are many early investors who have the majority of the supply and many other times it was dumped due to panic and FUD but that doesn't mean it is a pump and dump.
Base on what I learned here in bitcointalk and understand, Probably not. A pump and dump scheme is a fraudulent operation where the operators own lots of a low-valued stock or commodity, and use mass advertising to lure large amounts of money from new investors, which in turn inflates the price. Once the commodity has reached a sufficiently high price, the operators “cash out” by selling all their holdings, which causes the commodity’s price to plummet, and the later investors lose most of their invested money.
What do you think ?
What do you think ?
Pump and dump happens with many, lets be honest, coins who have absolutely no use case, and just exist for a short term to take the money from all the newbies who believe this will be the next thing or think they can ride the pump wave without getting hurt.
Bitcoin has some serious use cases and there is no reason to play a pump and dump game with it. Sure there are rich fiat money lovers who try to manipulate the BTC market but this is always just temporarily. Look at the long term chart. The trend is up since 9 years, with some crazy how and low swings, due to a still extremely low marketcap compared to traditional assets.
But with the years BTC will keep growing to trillions of USD and then these swings will get smaller. Another reason is that more and more people realize that holding Bitcoin is far profitable and useful than dumping it for USD, Euros or Yen for instance. Acting as a store of value therefore is a very powerful use case.
every financial instrument have its own speculation. so it think it can pump and dump . but its also true btc all ready gained too much popularity and highest market cap .
well you are 100% correct on this, it is a common strategy in use to attract investors, and wonder why so many people who trust bitcoin, but this kind of thing has happened very often.
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