Topic: Is Bitcoin now Pump and Dump? - page 6. (Read 1403 times)
Now, we see bitcoin price reached $6873 according to poloniex, and the price still going to go down. We don't know until when the price will stop and reverse to the higher price because I think the range of the price now is not yet the lowest price. But I don't think that bitcoin price is pump and down only because the price will not stay at the lowest and down for more, but the price will be back to the higher price and make the highest price in the future. We will see the volatility of the bitcoin price more often in the future, especially in the halving moment that will happen in the future.
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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.
Firstly you have to understand that anything tradable can be manipulate by some few individuals to favour their greediness, cryptocurrency is way easier to manipulate due to its volatile nature and market capitalization. Bitcoin has always experience some manipulation in the past but its price success hasn't been built on price manipulation instead it's built on the trust and believe the community is having on the technology.
The last spike in the cryptocurrency market in general was cause by the optimistic nature of ICO investors plus previous halving which both bitcoin and other existing cryptocurrency profited from. For such success to be recorded once again sometime has to trigger the optimism believe once again among the community which the halving of block reward occuring in 2020 might just introduced as from past history, the price of bitcoin has always reacted positive after a successful halving. You should pay less attention to analysts as all they do is speculate as not one individual knows the future of bitcoin, not even Satoshi.
It's quite laughable that we were once on the train of believing that Bitcoin would be heading to $100,000. I guess that was one of the believe that spearhead the 2017 bull run. Bitcoin is majorly in the hands of few whales who manipulate the market for their own interests. I only do wish that the bull run comes again.
Bitcoin is the first crypto and we all know that the price is only base on its demand, whales can Manipulate it but it will not work for long ,since they are many people holding it already and to manipulate the price you need to have more supply of it and need to looks also from different market and different price to make the pump and dump happen.
in my opinion the price of bitcoin can indeed be manipulated by the popes but not for long. bitcoin remains decentralized and the ups and downs of bitcoin prices are determined by demand and supply. and I think right now we are still in the bear market so bitcoin continues to decline.
I am optimistic that next year after bitcoin is reduced by half it will pump and enter the bull market.
I am optimistic that next year after bitcoin is reduced by half it will pump and enter the bull market.
Pump and dump is a relative term for coin and token which are manipulated in the market well if that's the case then bitcoin is PnD coin but it doesn't mean that it would be such as non useful platform. Everything in the market is PnD cause whales can easily manipulate it as long as they have huge fund to play with it
Ever since bitcoin is pump and dump and if you look at the history price, every year you will see a big pump and dump. Look at the chart every year for the last five years and you will see that bitcoin always go up every time it falls and the trend is really going up. The volatility is high and that's why the price goes up and down, and the demand for bitcoin has increased.
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 going to BTC consider it a pump and dump scheme:
Usually a coin that is pump would have crashed in matter of days, we haven't seen that in BTC, on the contrary, it can quickly recovered. One trait of bitcoin is that it is so resilient to FUD, that it can quickly bounce back. No other coin/token has that capacity, once the dump happens, it will take months and months before it will be pump again, that is not the case on bitcoin.
I would agree that there are whales, but I don't see them conniving to practice this so called pump and dump in the market. They could only manipulate the price at a certain level and after that, free for all.
Usually a coin that is pump would have crashed in matter of days, we haven't seen that in BTC, on the contrary, it can quickly recovered. One trait of bitcoin is that it is so resilient to FUD, that it can quickly bounce back. No other coin/token has that capacity, once the dump happens, it will take months and months before it will be pump again, that is not the case on bitcoin.
I would agree that there are whales, but I don't see them conniving to practice this so called pump and dump in the market. They could only manipulate the price at a certain level and after that, free for all.
I don't think is pump and dump, this drop is caused because a lot of people sell it because need money for holidays, and this will happen every time on holidays because many people want relax and sell their crypto coins.
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 maximalist here doesn't want to call a pump-and-dump coin,
, it's not on their vocabulary.But we have to understand that the whole narrative has changed, it is not being treated as (1) store of value, (2) currency/medium and (3) investment vehicle.
So it became a speculative asset, so occasional pump and dump can't be avoid specially that there are many whales around that also play around the ecosystem.
Bitcoin is now experiencing a calmness. Bitcoin may re-enter the upward trend. However, there is a possibility of falling. It's best to manage by dividing the portfolio. You need to plan your positions when you're out.
Yes, that is true? I have not seen any coin, inasmuch as it is crypto, that it cannot or will not be subject to manipulation, bitcoin inclusive. Although, one thing I have always believed about bitcoin is that, no matter how it falls, it will rise again. There are lots of expectations on it. So, if you see it fall, it is an opportunity for you to make profits.
It is true that in 24 hours bitcoin has gone up to 9k+ and also back to 6k +
But that isn’t enough proof that it is a pump and dump token
Likewise; it doesn’t proof any vulnerability
It’s Christmas season; and I believe few holders were converting their profits to cash to have a fun fare
NB: just my opinion
But that isn’t enough proof that it is a pump and dump token
Likewise; it doesn’t proof any vulnerability
It’s Christmas season; and I believe few holders were converting their profits to cash to have a fun fare
NB: just my opinion
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
you are taking the speculation as a serious thing dude. bitcoin is a pump and dump coin since it was created caused by its volatility. this time, bitcoin doesn't have a good fundamental. The market has already given a very bad reaction that makes bitcoin can't stand its position even longer.
You must understand what was the volatility is. I guess you will know better about that.
People these days so crazy about that to create a lot of non-sense speculation about bitcoin without realizing the fact if the market doesn't have a good fundamental to pump the price of altcoin or even bitcoin.
You must understand what was the volatility is. I guess you will know better about that.
People these days so crazy about that to create a lot of non-sense speculation about bitcoin without realizing the fact if the market doesn't have a good fundamental to pump the price of altcoin or even bitcoin.
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
Prices are folded by so many times but people never think that because they only looked at what they got today. But I understand why they are bothered the current situation, they are late investors and probably they are investing when the price is already high which gives them huge struggles.
I agree. Maybe Op has been hurt. But The sharp pullback is likely no surprise to traders as Bitcoin has been ranging lower at each daily close with previous supports at $6900 and $7,150 flipping to resistance over the weekend. The fact that traders are buying into the dip suggests that many view the drop as an opportunity to open long positions or accumulate more Bitcoin. Let's focus on the future!
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
Prices are folded by so many times but people never think that because they only looked at what they got today. But I understand why they are bothered the current situation, they are late investors and probably they are investing when the price is already high which gives them huge struggles.
I am not really an authority on this issue and will likely give a response based on my perspective. Bitcoin is truly young and you might have judged it harshly because of your past experience but I am certain it will come good soon or later. It is at the epicenter of this whole cryptocurrency thing
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
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