Looks like $6000 is just another pump and dump

Bustart

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Quote from: tweetbit on October 25, 2017, 07:34:35 AM

Quote from: lumeire on October 22, 2017, 09:43:18 AM

Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

Of course that's expected. Whatever goes up must go down eventually. The question now is what's the next floor?

It is science “the law of gravity”. And agree with what you said. The next is that after the fork it will eventually increases. This is not about pump and dump and it was not like a normal doing in bitcoin as it requires more money than altcoin pumping and dumping. It is a natural way of human expectation and perception.

These 'pump and dump" was the term being used by some industries where promoters talk up a stock to a new wave of sucker investors, then they dump it for profit. That was according from the article that I reviewed. Base of these, let me say that this $6000 is just another "pump and dump" if we were going to base its current price. Is there anybody wants to correct me?

Coldsnap4457

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Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

If there is, it won't trend for long.

This is only because of the forking fork.

Bitcoin Price Struggles to Recover Beyond $5,500; Bitcoin Gold Lacks Community Support
https://www.cryptocoinsnews.com/bitcoin-price-struggles-recover-beyond-5500-bitcoin-gold-lacks-community-support/

I made a bet that Bitcoin is going to go up:

https://stockbet.com/#/BullBear/round/17971

Take the right side of the bet.

Gabb

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People tend to lose their patience very easily these days. Apparently you have not yet realized that markets do not work in a straight line, but in waves, where after a sharp rise comes a correction. But, in short, with a little more experience you will be able to face this type of oscillations.

Coffee135

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Quote from: nydiacaskey01 on October 25, 2017, 11:03:10 AM

You may have noticed that Altcoins went down because Altcoin holders want to receive airdrop of Bitcoin Gold and now that its over its back to Alts again and Bitcoin is slowly going down. This may not be the end of this because I read somewhere about the plan for Bitcoin Silver, so prepare your self for another round of fork and $7,000 to $8,000 maybe reached before the fork.

I don't understand the logic. Why bitcoin is more expensive during the fork? Each time it leaves a certain capital. On the contrary it should reduce the price. If I can't find a logical economic explanation for this makes me think that such a price is artificial. This means that in future we can expect a breakthrough of the dam. Sorry. It was conceived well.

aardvark15

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Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

The rise to $6000 could have been a pump and dump or even just a lot of buyers wanting BTG and then buying stopped. It’s hard to say the reason but usually after a big increase or pump, there is some kind of drop and many times it is a bigger drop or a correction. I still think this gives us an opportunity to buy at a lower price because the price of Bitcoin will eventually go back past $6000 again.

omonuyak

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Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

I think we are having corrections and bitcoin trying to gather momentum for the next push. currently price has tested $5515 support area three times and could not breakthrough and I think we would see bitcoin get back on it bullish push. I don't think we would have a pump and dump as this last week upwards movement was a significant one. We would cross $7,000 before end of this year.

nydiacaskey01

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You may have noticed that Altcoins went down because Altcoin holders want to receive airdrop of Bitcoin Gold and now that its over its back to Alts again and Bitcoin is slowly going down. This may not be the end of this because I read somewhere about the plan for Bitcoin Silver, so prepare your self for another round of fork and $7,000 to $8,000 maybe reached before the fork.

sorrysteve1

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Quote from: Kronos21 on October 25, 2017, 10:03:14 AM

The fact that people wanted to bitcoin gold, and so kept their coins is not in doubt. What will be the price rollback after the junction is clear. But I confess that I was surprised that the price stopped at $ 5,500. This is a great result. For me it is an indication that bitcoin has a great potential for growth.

Likewise, I expected 5000 would be threatened, it still might but I suspect if so it won't go much lower.

Kronos21

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The fact that people wanted to bitcoin gold, and so kept their coins is not in doubt. What will be the price rollback after the junction is clear. But I confess that I was surprised that the price stopped at $ 5,500. This is a great result. For me it is an indication that bitcoin has a great potential for growth.

trobin

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It's not really a true pump and dump mind you, the price was pumped because people wanted their bitcoin gold, now they've got it they don't need their bitcoin and are probably looking to get back some previous holdings.

BCTBF

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Quote from: STEVEN 777 on October 25, 2017, 08:04:59 AM

Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

price now isnot away from 6,000$ so need only one good new to pump it and may be stable on it like 5,000$

Yes it seems that 5,000$ will be stable in the next few weeks, we will see what will happen before and after segwit, hopefully there will be good news that we can see later.

STEVEN 777

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Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

price now isnot away from 6,000$ so need only one good new to pump it and may be stable on it like 5,000$

andylowe

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Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

Yes of course! Bitcoin is unstoppable! It will experience Downs but definitely do up again and will continue to rise as the years go by.I'm seeing bitcoin's price will go up to $25,000 for the next 5 years.

oegarod

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Quote from: tweetbit on October 25, 2017, 07:34:35 AM

Quote from: lumeire on October 22, 2017, 09:43:18 AM

Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

Of course that's expected. Whatever goes up must go down eventually. The question now is what's the next floor?

It is science “the law of gravity”. And agree with what you said. The next is that after the fork it will eventually increases. This is not about pump and dump and it was not like a normal doing in bitcoin as it requires more money than altcoin pumping and dumping. It is a natural way of human expectation and perception.

Whether it's law of gravity or something else, but till now after price decrease it gradually increase or after certain time period it increases to reach higher value. Now too, based on the fork the price has decreased and hope the price will soon start to increase and cross the $6000 mark before the month end.

tweetbit

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Quote from: lumeire on October 22, 2017, 09:43:18 AM

Quote from: tscen on October 22, 2017, 08:25:33 AM

The top is in i guess? lower low downtrend begins!

Of course that's expected. Whatever goes up must go down eventually. The question now is what's the next floor?

It is science “the law of gravity”. And agree with what you said. The next is that after the fork it will eventually increases. This is not about pump and dump and it was not like a normal doing in bitcoin as it requires more money than altcoin pumping and dumping. It is a natural way of human expectation and perception.

ivrynx

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It seems to be a pumped and dump, this is probably due to bitcoin gold being hyped, a lot of people wanted to have free cash in the form of bitcoin gold, however after having bitcoin gold, it seems that people also dumped bitcoin gold after having it. The dump we are seeing now wiht bitcoin is a healthy pullback, since it was just hyped out of the fork, we will now begin to see a correction in the price of bitcoin in the coming days, knowing that a lot of countries already legalized bitcoin, we may see a lesser volatile bitcoin this time, and a gradual increase will show what is the real value of bitcoin, and next month therr will ba another fork, we might see the same scenario, hopefully the price of bitcoin had stabilize around 6000 usd by that time.

Kiweikoo

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Quote from: lanyounanhai on October 23, 2017, 10:24:32 AM

No, it is not just another pump and dump. Bitcoin is now strong enough to avoid these things. it is because people are very fascinated in what bitcoin can do and somehow, they can receive free coin from bitcoin, too. That is why people are buying bitcoin. Then, they will sell all of their bitcoin for profit. What a ridiculous world

You are right that bitcoin is so strong but I think a little dump will occur with the hard fork but this time bitcoin will cover the gape so soon and it is not that bitcoin will acquire the figure $6000, it will come upto $7000. Professionals are waiting to buy with low because they are not fool to go out this golden chance of earning.

I hope at the end of this year the price will touch the figure $8000. Most probably this correction of bitcoin gold will prove better for bitcoin future.

n0ne

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Quote from: neonshium on October 25, 2017, 12:22:57 AM

Quote from: 8270thNinja on October 22, 2017, 08:37:07 PM

the decline will be happening after the dumping of Bitcoin Gold. which is i think is really near. bitcoin stays aove $5800 up to $6000. It should have been be back to $4000 if the uptrend is just for pump and dump.

This is not a hard fork almost. We can say that it is just a correction by introducing of bitcoin gold just like bitcoin cash which was introduced before it in August. I am 100% sure that this hard fork would not harmful for bitcoin career/future. The price will suffer for the time being and will come down a little bit but not drastically which the people are assessing.

I don’t think that the price will come down below $5200 and I am sure that the price will go up in a week time upto current highest value i.e. $6200.

This seems to be similar to a price correction. Even it haven't happened Similar to a price correction, because during the past correction the price fluctuation was felt high and all of a sudden the growth once again got initiated to reach $4500. From that point the price started to increase with reference to the speculation that got circulated all around focusing the fork. Now bitcoin gold has got into existence without much growth being felt over the price of bitcoin.

arseaboy

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Quote from: Unplugged on October 24, 2017, 07:53:42 PM

Quote from: Kronos21 on October 22, 2017, 09:38:14 AM

I doubt that the price climbs to $ 6000 it was pumping. It was predictable and has a logical explanation. I think that after Oct 25, we are waiting for this predictable decline. Those who are afraid of today's falling prices may not panic. I am sure that tomorrow the price will go up and maybe even reach 6500 dollars. Have patience and you will be rewarded.

Well said. The only question that remains it at what price would it be corrected. With Bitcoin and digital currencies patience is really the key. No one really anticipated that the pricing we have today will be reached when it was first released.

that's correct who even bother to think that after several years the price will go as huge as what is showing right now, so even it was just a pumped for sure it will go up again we just need to wait for more people to invest with this system and bring more people to invest with them and surely new height again will be achieved.

neonshium

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Quote from: 8270thNinja on October 22, 2017, 08:37:07 PM

the decline will be happening after the dumping of Bitcoin Gold. which is i think is really near. bitcoin stays aove $5800 up to $6000. It should have been be back to $4000 if the uptrend is just for pump and dump.

This is not a hard fork almost. We can say that it is just a correction by introducing of bitcoin gold just like bitcoin cash which was introduced before it in August. I am 100% sure that this hard fork would not harmful for bitcoin career/future. The price will suffer for the time being and will come down a little bit but not drastically which the people are assessing.

I don’t think that the price will come down below $5200 and I am sure that the price will go up in a week time upto current highest value i.e. $6200.

Topic: Looks like $6000 is just another pump and dump (Read 1307 times)