Is Bitcoin now Pump and Dump? - page 5.

Barbut

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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. In price perspective it has never did 20%+ increase in a day and crashed in the same day, that requires hundreds of millions of dollars to be bought and sold at the same day and nobody has that much money to invest into bitcoin pump and dump.

Whatever movements bitcoin is doing right now takes a lot of time and usually weeks so that is just market movements, sure there could be manipulation that rich people (whales) can increase the price if they want to and decrease the price if they want to and that may look like a pump and dump to you but in order for that to happen it should be done in one hour and not in one month. Look at the coins that goes up 200% in one hour and then drop back to what it was all in one day to see a real pump and dump.

After 10 years of existence, people are still not convinced that Bitcoin is a real deal and not just another pump & dump scheme. I don't know what needs to happen for people to believe. Bitcoin has turbulent times when the price drops heavily, or rise incredibly, that can be seen as some way of pumping and dumping in some moments, but that is the case with every growing industry. Nothing grows instantly, it takes time for developing, for people to see it and start using it.

davinchi

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Bitcoin can never be "pump and dump" because it requires so much money to pump it. In price perspective it has never did 20%+ increase in a day and crashed in the same day, that requires hundreds of millions of dollars to be bought and sold at the same day and nobody has that much money to invest into bitcoin pump and dump.

Whatever movements bitcoin is doing right now takes a lot of time and usually weeks so that is just market movements, sure there could be manipulation that rich people (whales) can increase the price if they want to and decrease the price if they want to and that may look like a pump and dump to you but in order for that to happen it should be done in one hour and not in one month. Look at the coins that goes up 200% in one hour and then drop back to what it was all in one day to see a real pump and dump.

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Quote from: bassbity on December 17, 2019, 04:14:22 AM

Quote from: lousie9 on December 17, 2019, 03:45:09 AM

Yes, the price of cryptoqurrency is very volatile and you can see that the BTC price chart is currently down, precisely the range of $ 6,921.93, besides this is a good opportunity to buy and hold it. I believe that BTC always has the opportunity to raise prices even higher, I believe that BTC can touch $ 9,000 by 2020.

In fact, I think Bitcoin will go down again to $ 6500 but this decline is still slow whether this is a whale trick to slow down the dump or traders are still panicking, I will buy bitcoin in the range of $ 6500 and in the analysis it is indeed looking downward but I don't know whether This market is indeed being controlled or not which obviously worries a lot about this.
2020 bitcoin will reach the target level we saw in January there might be movement.

The goal of BTC in the next month is to be lower than $ 6000, the current Bitcoin has broken support and its price will be dumped slowly until January. But anyway, I believe this will is the last off and take advantage of this opportunity to buy as much as possible, because halving will help the price of BTC to increase like in 2016

pikkie

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Quote from: DevilSlayer on December 17, 2019, 01:44:19 AM

Quote from: huu78 on December 16, 2019, 11:58:05 PM

For now, Bitcoin is experiencing a very exaggerated crash because the market is bad, investors go, the scammer and dead projects create a very bad crypto ecosystem now. To go back and see the expensive bitcoin price it could have happened like yesterday's year, it's just not now the right time.

The price of bitcoin goes down again after it got bounce to the are where the price resists. Of course I'm aware that many traders are feel worried because its been a month and the bitcoin is still bearish. But the good thing is the adoption is continue to grow even its price is gradually going down. The price of the bitcoin will only increase if its trend will become bullish.

it seems like the price of bitcoin is trying to test the holders of bitcoin that can survive and can take advantage when cheap prices like this should be able to get a lot of profit when halving bitcoin which will occur in 2020, only halving can help to increase the price of bitcoin.

bassbity

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Quote from: lousie9 on December 17, 2019, 03:45:09 AM

Yes, the price of cryptoqurrency is very volatile and you can see that the BTC price chart is currently down, precisely the range of $ 6,921.93, besides this is a good opportunity to buy and hold it. I believe that BTC always has the opportunity to raise prices even higher, I believe that BTC can touch $ 9,000 by 2020.

In fact, I think Bitcoin will go down again to $ 6500 but this decline is still slow whether this is a whale trick to slow down the dump or traders are still panicking, I will buy bitcoin in the range of $ 6500 and in the analysis it is indeed looking downward but I don't know whether This market is indeed being controlled or not which obviously worries a lot about this.
2020 bitcoin will reach the target level we saw in January there might be movement.

fauzan Ichsan

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Quote from: shoreno on December 17, 2019, 03:46:43 AM

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

hoax maybe because no one can said that the price will reach 100k btc for real but all are only predicting it but its true that we can earn short gains easily due to small up and downs of the price . when i hear the phrase pump and down i dont think of btc but i think of those coins that are really a pump and dump coin . you know the one that pump too much and then dump easily verry hard in the point of not returning anymore but btc is far from these coins .

cannot predict exactly what will happen. with a good reputation, it could be a bitcoin pump and finally form a new support without having to be followed by a dump. but there must be a scenario for that. where if the demand is always going up and more and more new bitcoiners are joining it could be that thing

piebeyb

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how many bitcoins are available on the exchange so that the pump and dump are done so easily by the pope, I don't think anyone has a lot of bitcoin to do pumps and dumps at this time, because the current prices are still not low compared to the end of 2018, so giving the opportunity for shoppers to take some bitcoin now when it's cheap, if whales do throw away all their bitcoins, it's a good time to buy, it won't be low under $ 5000

shoreno

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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

hoax maybe because no one can said that the price will reach 100k btc for real but all are only predicting it but its true that we can earn short gains easily due to small up and downs of the price . when i hear the phrase pump and down i dont think of btc but i think of those coins that are really a pump and dump coin . you know the one that pump too much and then dump easily verry hard in the point of not returning anymore but btc is far from these coins .

lousie9

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Yes, the price of cryptoqurrency is very volatile and you can see that the BTC price chart is currently down, precisely the range of $ 6,921.93, besides this is a good opportunity to buy and hold it. I believe that BTC always has the opportunity to raise prices even higher, I believe that BTC can touch $ 9,000 by 2020.

lienfaye

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I dont think so, even lets say that price are manipulated by big whales it wont last long because each investors has their own decision on when to buy if the price are low and sell when high therefore it remains base on the supply and demand.

This is happening even before if you track the past history, thus we should understand how volatile btc is. Unlike other coin with pump and dump scheme after dumping usually it have no chance to recover since most investors already lost interest.

Juggy777

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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

@nanaimogold bitcoins is not always pump and dump, and yes I’ll agree it’s open to manipulation by the whales and there’s nothing we can do to stop them. The answer is simple as $100k/btc is an absurd number which is currently not possible and even the analysts know this, but they keep on saying it to get attention and fame from the media.

Furryball

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Bitcoin started at 1,500$ in January 2017 and in that very year it hits 19k well i know 100k per bitcoin seem impossible to many but its really achievable, for this to happen new money must first flow into bitcoin

DevilSlayer

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Quote from: huu78 on December 16, 2019, 11:58:05 PM

For now, Bitcoin is experiencing a very exaggerated crash because the market is bad, investors go, the scammer and dead projects create a very bad crypto ecosystem now. To go back and see the expensive bitcoin price it could have happened like yesterday's year, it's just not now the right time.

The price of bitcoin goes down again after it got bounce to the are where the price resists. Of course I'm aware that many traders are feel worried because its been a month and the bitcoin is still bearish. But the good thing is the adoption is continue to grow even its price is gradually going down. The price of the bitcoin will only increase if its trend will become bullish.

ableh

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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

Bitcoin's supply is limited, so the price is very easily manipulated by groups or individuals who have a lot of money. Because one of this factors also that has makes it very difficult for Bitcoin to be accepted by the public and even the government. For the price issue, you don't have to think about it, we just need to follow the whale's wishes and most importantly is never get loss.

kissaNN

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Of course, twenty thousand dollars for 1 bitcoin is a super price for a virtual asset that does not have a real economy. But the crypto community is convinced that bitcoin will supplant the dollar and take the place of the central currency.

LouVandetta

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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'm not really sure if it's really being manipulated by whales or whatnot, but I don't think calling bitcoin a pump and dump is the right thing.
Indeed, we've seen so many ups and down for as long as you've known. I didn't even realized that we're already below $7000 mark. Let's not forget that bitcoin could recovered their price in no time, or even takes a longer time.

As a pump and dump scenario coins, usually it doesn't have that much volume I think. So it's easy to manipulate the price so the prices could crash very hard in any minutes and then it could back up really fast, vice versa, and or worst it could takes a very long time before another pump happens. I might be wrong, though.

Ararbermas

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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

we can't tell more if it's hoax or not and we can't judge those who sharing their theology about the brightest future of bitcoin because indeed bitcoin always shows a good performance and no one can declined it wherein only noobs in my opinion. .. Because as the matter of fact there's no impossible with bitcoin actually which is only those whales is the barrier. Perhaps if we keep romoting it probably they cant influence the growth rate of bitcoin like literally.. Wherein the percentage of dump will be less. And bitcoin have a reason to stand still on the top.

bitvalak

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All trading activities wherever there are still big players who have the power to pump and dump. But price patterns are formed by buyers and sellers, not just whales. They only put buy and sell orders to attract the attention of buyers and small sellers to transact, after that happens they will definitely eliminate the buy orders and sell orders because their goal is only to pump up the transaction volume.

Aabcde

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If bitcoin is just a pump and dump, maybe bitcoin has been a scam from the beginning and there has been no trade until now. Predicting is not a pump and dump, but just looking ahead to what will happen. So someone can have a benchmark in investing. Manipulation of prices by a handful of people certainly exists, not only bitcoin, all assets that can be traded can do it. What is certain is the use of bitcoin itself as a benchmark.

huu78

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For now, Bitcoin is experiencing a very exaggerated crash because the market is bad, investors go, the scammer and dead projects create a very bad crypto ecosystem now. To go back and see the expensive bitcoin price it could have happened like yesterday's year, it's just not now the right time.

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