Is Bitcoin now Pump and Dump? - page 4.

alexsandria

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Quote from: nanaimogold on December 16, 2019, 04:56:55 PM

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

It ain't hoax, it is just a talk for now for bitcoin because it is really early for bitcoin to reach such level of price. Besides, there are a lots of issues needs to be addressed related with crypto currency like adoption, banning stuff out there. If bitcoin would be allowed in particular communities, well, we might be able to see some bigger changes than before, luckily might hit ATH once again or luckily will surpassed it. But for now, such price level was the current thing bitcoin can has for now considering the amount of adoption it has now. And some amount of portion was for the whales.

crossabdd

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bitcoin is decentralized. there is nothing set about bitcoin. freedom is bitcoin. so who has the highest wealth, then he can control the market. Whales is one of the market controllers. and in the crypto world there are many whales. the price of pumps or dumps is their scenario of making a profit. we cannot be certain whether the price will reach $ 100k or only last at $ 10k. all whales who act to make that profit. and we can only support.

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Quote from: Rasa nanas on December 29, 2019, 08:36:23 PM

last year many experts said if the price of bitcoin would reach $ 50k in 2018-2019, but all that was just nonsense and the reality said otherwise. in my opinion they are not whales who are looking for profit, they are just experts who make predictions to look for fame. I used to believe that prediction, but now I know it's just a joke.

Well yeah, that's how these "prediction experts" usually work. Many people guess different prices that might seem to be unrealistic and one of them hits it right on the dot and becomes proper famous. The fact is that no one knows what the future holds for the bitcoin price and the only way to kind of predict the price is to predict the long term trend which is usually up.

And bitcoin has always been sort of a pump and dump, just look at the charts, we have around 20x pump then 80% dump then rinse and repeat. That's how most markets work, price pumps up, then shakes off weak hands and pumps again. The only difference with btc is that these moves are much stronger.

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last year many experts said if the price of bitcoin would reach $ 50k in 2018-2019, but all that was just nonsense and the reality said otherwise. in my opinion they are not whales who are looking for profit, they are just experts who make predictions to look for fame. I used to believe that prediction, but now I know it's just a joke.

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Quote from: lionheart78 on December 29, 2019, 10:34:36 AM

Quote from: Beparanf on December 29, 2019, 08:51:00 AM

Quote from: Dart18 on December 29, 2019, 08:30:47 AM

I don't think about it that way.

Whales cannot just sell large amount of numbers or they could be left behind afterwards.
Bitcoin is now divided to many users. Look here in bitcointalk. Just how many bitcoin is flowing here and are also holding it.
It might be millions of bitcoin.
Yes there are whales who be buying and selling but that is high risk for them.

This is only possible if those whales are related to each other or have connections and talks whether they will buy and dump which is quite impossible, there are many factors to consider, there are many whales who have different outstanding and strategies. All just happen as it meant to happen not all because of whales.

I do not think Bitcoin is a pump and dump scheme, though I can say sometimes it is manipulated but not all the time. And we all see that it may spike and drop in price but it never went worthless just like those pump and dump altcoins. Aside from that, I also think bots are creating the market movement and since oftentimes bot have the same setup, they often move in unity thus creating a trade that looks like a dump or pump of Bitcoin price in the market.

A pump and dump is something which dumps one time and never again. Based on that logic Bitcoin should ve been dumped to oblivion after the 30$ peak in 2011. As we know, that was not the end of the story. So no, Bitcoin is definitely not a PnD.

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Quote from: Beparanf on December 29, 2019, 08:51:00 AM

Quote from: Dart18 on December 29, 2019, 08:30:47 AM

I don't think about it that way.

Whales cannot just sell large amount of numbers or they could be left behind afterwards.
Bitcoin is now divided to many users. Look here in bitcointalk. Just how many bitcoin is flowing here and are also holding it.
It might be millions of bitcoin.
Yes there are whales who be buying and selling but that is high risk for them.

This is only possible if those whales are related to each other or have connections and talks whether they will buy and dump which is quite impossible, there are many factors to consider, there are many whales who have different outstanding and strategies. All just happen as it meant to happen not all because of whales.

I do not think Bitcoin is a pump and dump scheme, though I can say sometimes it is manipulated but not all the time. And we all see that it may spike and drop in price but it never went worthless just like those pump and dump altcoins. Aside from that, I also think bots are creating the market movement and since oftentimes bot have the same setup, they often move in unity thus creating a trade that looks like a dump or pump of Bitcoin price in the market.

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Quote from: Republikcoin.com on December 29, 2019, 09:22:53 AM

Quote from: Fatunad on December 29, 2019, 08:31:24 AM

Quote from: okala on December 29, 2019, 08:26:30 AM

This is what I also see this days. Some few whales are just buying and dump on the innocent traders day in day out. One can easily predict the number of gain every movement this days.

Whales are not activating the super pump of btc yet and it seems that the price is continuing to drop I dont see anything that will cause a big increase in price of btc soon. Let's just wait until next year if the price is going to be influenced by the btc halving hype that everyone is expecting.

continuing to drop? Well, I think you're wrong. after a few weeks ago at the level of $ 6k, currently the price of bitcoin rose at the level of $ 7k. but it's true, until now there hasn't been a big increase, and we need to wait. all the prices awaited from the level of $ 20k to $ 100k are still speculation, but there is a big chance that potential can be achieved in 2020.

I judge the current movement of bitcoin is still in normal condition and after experiencing a decline in the near future then rising again, it's just that the increase in bitcoin so far is not too large.
but I am optimistic that in 2020 bitcoin will provide good prices and increase gradually to reach the highest price.

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Quote from: okala on December 29, 2019, 08:26:30 AM

This is what I also see this days. Some few whales are just buying and dump on the innocent traders day in day out. One can easily predict the number of gain every movement this days.

That's why we need to learn more on how crypto works if we are new here, because there are no excuses if we lost our money and we didin't know what happen because we just want to earn it just in easy way. whales are just manipulating new comers so they can buy at dump and dump it at higher price. just imagine how fast bitcoin price will dump and pump everyone is observing it so we need to be vigilant as always so we won't be left behind.

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Quote from: Fatunad on December 29, 2019, 08:31:24 AM

Quote from: okala on December 29, 2019, 08:26:30 AM

This is what I also see this days. Some few whales are just buying and dump on the innocent traders day in day out. One can easily predict the number of gain every movement this days.

Whales are not activating the super pump of btc yet and it seems that the price is continuing to drop I dont see anything that will cause a big increase in price of btc soon. Let's just wait until next year if the price is going to be influenced by the btc halving hype that everyone is expecting.

continuing to drop? Well, I think you're wrong. after a few weeks ago at the level of $ 6k, currently the price of bitcoin rose at the level of $ 7k. but it's true, until now there hasn't been a big increase, and we need to wait. all the prices awaited from the level of $ 20k to $ 100k are still speculation, but there is a big chance that potential can be achieved in 2020.

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Quote from: Dart18 on December 29, 2019, 08:30:47 AM

I don't think about it that way.

Whales cannot just sell large amount of numbers or they could be left behind afterwards.
Bitcoin is now divided to many users. Look here in bitcointalk. Just how many bitcoin is flowing here and are also holding it.
It might be millions of bitcoin.
Yes there are whales who be buying and selling but that is high risk for them.

This is only possible if those whales are related to each other or have connections and talks whether they will buy and dump which is quite impossible, there are many factors to consider, there are many whales who have different outstanding and strategies. All just happen as it meant to happen not all because of whales.

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Quote from: okala on December 29, 2019, 08:26:30 AM

This is what I also see this days. Some few whales are just buying and dump on the innocent traders day in day out. One can easily predict the number of gain every movement this days.

Whales are not activating the super pump of btc yet and it seems that the price is continuing to drop I dont see anything that will cause a big increase in price of btc soon. Let's just wait until next year if the price is going to be influenced by the btc halving hype that everyone is expecting.

Dart18

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I don't think about it that way.

Whales cannot just sell large amount of numbers or they could be left behind afterwards.
Bitcoin is now divided to many users. Look here in bitcointalk. Just how many bitcoin is flowing here and are also holding it.
It might be millions of bitcoin.
Yes there are whales who be buying and selling but that is high risk for them.

okala

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This is what I also see this days. Some few whales are just buying and dump on the innocent traders day in day out. One can easily predict the number of gain every movement this days.

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Quote from: Furious 7 on December 29, 2019, 05:37:40 AM

Quote from: Reid on December 28, 2019, 10:48:25 PM

A hoax or not, it is good that someone believes in a good number.
There is no accuracy of what price bitcoin could reach. All we could do is just look at how the market will swing.

Perhaps because of the ATH last December 2017 (which have not been forgotten up until now) is the reason behind all this high amount of assumptions.
As I said, it could not or it could happen. The market will tell so. Demands and supply will be question if it will still go on after a few years.

Therefore, ATH cannot be forgotten by a trader or investor because they assume that ATH will be reached again by ATH, because that is their shadow, but we can see that the market is now far from possible to achieve low prices and cannot be reached. make sure to level up again which is clear after halving many who want the pump to occur.

Many people keep looking after that since halving is incoming but it's really hard to say that we can reach that since certain things is unpredictable and we cannot tell the exact scenario to come but if that one will come then it's a big bonus for us but if not then maybe we should be happy for the result that will be given by halving.

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Quote from: Reid on December 28, 2019, 10:48:25 PM

A hoax or not, it is good that someone believes in a good number.
There is no accuracy of what price bitcoin could reach. All we could do is just look at how the market will swing.

Perhaps because of the ATH last December 2017 (which have not been forgotten up until now) is the reason behind all this high amount of assumptions.
As I said, it could not or it could happen. The market will tell so. Demands and supply will be question if it will still go on after a few years.

Therefore, ATH cannot be forgotten by a trader or investor because they assume that ATH will be reached again by ATH, because that is their shadow, but we can see that the market is now far from possible to achieve low prices and cannot be reached. make sure to level up again which is clear after halving many who want the pump to occur.

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Quote from: davinchi on December 17, 2019, 11:34:07 AM

Bitcoin can never be "pump and dump" because it requires so much money to pump it.

This is the only correct answer to OP's question and it doesn't even require elaboration on it. I get the feeling that the phrase "pump and dump" is one of the only set of words some people know in the English language, and they tend to just write it over and over on bitcointalk, whether it makes sense or not.

And why would you even ask this question when bitcoin hasn't done much of anything in months? It isn't like the price is spiking and then crashing like you'd see in an actual P&D scheme. Take a look at the penny stock market and you'll see plenty of real pump & dump action, and once you've seen that you'll realize that bitcoin's little price movements look nothing like that.

karanggatak

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the limited and anonymous amount of bitcoin is easy to manipulate. and I also realize that the ups and downs of bitcoin prices are sometimes manipulated by whales. and also influenced by FUD but that doesn't happen continuously. and now why is the value of bitcoin still going down? I think because we are still in the bear market. I am optimistic that when the bear market ends, we will experience an uptrend and bitcoin will pump up.

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Quote from: nanaimogold on December 16, 2019, 04:56:55 PM

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

Something that can hype bitcoin price, i usually take it as something that make me believe to hold bitcoin. Like to be more confident if what i do is something that might be right in future. I can say it, honestly most of bitcoin that i get is from this signature campaign and sell token from bounties. And only a little maybe use my real money.

Reid

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A hoax or not, it is good that someone believes in a good number.
There is no accuracy of what price bitcoin could reach. All we could do is just look at how the market will swing.

Perhaps because of the ATH last December 2017 (which have not been forgotten up until now) is the reason behind all this high amount of assumptions.
As I said, it could not or it could happen. The market will tell so. Demands and supply will be question if it will still go on after a few years.

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Quote from: nanaimogold on December 16, 2019, 04:56:55 PM

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

I understand that you feel as a bitcoin is being heavily manipulated, and you are not wrong in your assumptions but you should never assume that bitcoin can be pumped and dumped as the whales want, they are also taking a huge risk and if for some reason they do not evaluate the market correctly they could lose a fortune in a matter of days, so they are taking a risk by trying to manipulate the market, most of the time their manipulations go as they expect but from time to time it is obvious that they can make a mistake because this market is not completely in their hands.

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