Looks like $6000 is just another pump and dump

Bustart

sr. member

Activity: 658

Merit: 250

Quote from: tweetbit on October 25, 2017, 06:34:35 AM

Quote from: lumeire on October 22, 2017, 08:43:18 AM

Quote from: tscen on October 22, 2017, 07:25:33 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

member

Activity: 98

Merit: 10

STOCKBET TOKEN SALE OCT 29 - USABLE SOFTWARE TODAY

Quote from: tscen on October 22, 2017, 07:25:33 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

full member

Activity: 392

Merit: 105

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

full member

Activity: 392

Merit: 137

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

hero member

Activity: 1008

Merit: 510

Quote from: tscen on October 22, 2017, 07:25:33 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

sr. member

Activity: 882

Merit: 269

Quote from: tscen on October 22, 2017, 07:25:33 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

legendary

Activity: 1834

Merit: 1036

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

full member

Activity: 294

Merit: 107

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: Kronos21 on October 25, 2017, 09:03:14 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

sr. member

Activity: 434

Merit: 255

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

full member

Activity: 177

Merit: 102

🤖UBEX.COM 🤖

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

sr. member

Activity: 560

Merit: 257

Quote from: STEVEN 777 on October 25, 2017, 07:04:59 AM

Quote from: tscen on October 22, 2017, 07:25:33 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

newbie

Activity: 53

Merit: 0

Quote from: tscen on October 22, 2017, 07:25:33 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

full member

Activity: 293

Merit: 100

Quote from: tscen on October 22, 2017, 07:25:33 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

sr. member

Activity: 602

Merit: 252

Quote from: tweetbit on October 25, 2017, 06:34:35 AM

Quote from: lumeire on October 22, 2017, 08:43:18 AM

Quote from: tscen on October 22, 2017, 07:25:33 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

full member

Activity: 560

Merit: 112

Quote from: lumeire on October 22, 2017, 08:43:18 AM

Quote from: tscen on October 22, 2017, 07:25:33 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

full member

Activity: 518

Merit: 103

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

hero member

Activity: 1036

Merit: 500

Quote from: lanyounanhai on October 23, 2017, 09:24:32 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

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: neonshium on October 24, 2017, 11:22:57 PM

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

hero member

Activity: 644

Merit: 500

Quote from: Unplugged on October 24, 2017, 06:53:42 PM

Quote from: Kronos21 on October 22, 2017, 08:38:14 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

hero member

Activity: 1134

Merit: 515

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

orions.belt19

full member

Activity: 686

Merit: 146

Quote from: fulmetal08larz on October 23, 2017, 07:50:00 AM

In my opinion, this kind of trend on bitcoin's price is normal. This is just the way it goes, probably most are taking profit who have set their goals at $6k mark. The price of bitcoin currently is not the end of it, it might hit around $7k probably next month, and I, personally think, that the $10k mark is not impossible to reach in the upcoming months and we'll probably see the new year 2018 with a big bang! I'll stick with my strategy of buying bitcoin when it hits the bottom, then sell once I obtained my goal/target price.

I’d like to agree that hitting the $10K would seem impossible in the upcoming months but we will still experience a price increase especially by the end of the year.

I don’t think that this is just another pump and dump; as said, bitcoin is able to avoid this already unlike with other coins. Judging from the trend, its normal for bitcoin to experience this. It is but expected for their to be a price correction especially after experiencing a long rise in price.

Unplugged

full member

Activity: 352

Merit: 100

Bitgesell (BGL) Decentralized Cryptocurrency!

Quote from: Kronos21 on October 22, 2017, 08:38:14 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.

Shinpako09

legendary

Activity: 2058

Merit: 1015

I don't think it was just a pump and dump, although it appears something like that. It happen everytime, it was expected to have a fall after a rise and also accompanied by fork this time so the next movement is really a fall.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: ajochems on October 23, 2017, 11:47:16 AM

Quote from: BlackPanda on October 23, 2017, 10:07:46 AM

Quote from: lanyounanhai on October 23, 2017, 09:24:32 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

Yes bitcoin prices are currently very stable and very strong to avoid the things that can make the price of corrected bitcoin. dump and pump is a very natural thing in the world of cryptocurrency, now also the state of bitcoin prices seems to have started to keep the lower limit, I see that bitcoin is very comfortable once in the price range 6000 $. This has to be maintained and I even expect the bitcoin price to be much higher than it is today. the opportunity is wide open and I feel that this is a thing worth waiting for many people. Bitcoin prices will again showed positive rhythm and we should make the best use possible.

Their will be a pump and dump in the price of bitcoin in the world of cryptocurrency,now the price of the bitcoin achieve the stable Rates.Many are saying,the price of bitcoin will increases till fork and after that the price will reduce some how and settle at a certain price.If this happen so,the price will be stable at 6000$ .At this year end the price will ,the price of bitcoin will reach the value of 7000$ You can see 10k$ in 2018.

We would eventually reach out those prices but wont really be on this year. Adoption would really takes place and these kind of pump and dump groups or people would really be new after all on this trading world.For now we did able to reach out $6k price but talking about 7k isnt really already possible at all. We can able to say such thing on where bitcoin is just like a usual stuff like on other altcoins.

ajochems

hero member

Activity: 1305

Merit: 511

Quote from: BlackPanda on October 23, 2017, 10:07:46 AM

Quote from: lanyounanhai on October 23, 2017, 09:24:32 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

Yes bitcoin prices are currently very stable and very strong to avoid the things that can make the price of corrected bitcoin. dump and pump is a very natural thing in the world of cryptocurrency, now also the state of bitcoin prices seems to have started to keep the lower limit, I see that bitcoin is very comfortable once in the price range 6000 $. This has to be maintained and I even expect the bitcoin price to be much higher than it is today. the opportunity is wide open and I feel that this is a thing worth waiting for many people. Bitcoin prices will again showed positive rhythm and we should make the best use possible.

Their will be a pump and dump in the price of bitcoin in the world of cryptocurrency,now the price of the bitcoin achieve the stable Rates.Many are saying,the price of bitcoin will increases till fork and after that the price will reduce some how and settle at a certain price.If this happen so,the price will be stable at 6000$ .At this year end the price will ,the price of bitcoin will reach the value of 7000$ You can see 10k$ in 2018.

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: lanyounanhai on October 23, 2017, 09:24:32 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

Yes bitcoin prices are currently very stable and very strong to avoid the things that can make the price of corrected bitcoin. dump and pump is a very natural thing in the world of cryptocurrency, now also the state of bitcoin prices seems to have started to keep the lower limit, I see that bitcoin is very comfortable once in the price range 6000 $. This has to be maintained and I even expect the bitcoin price to be much higher than it is today. the opportunity is wide open and I feel that this is a thing worth waiting for many people. Bitcoin prices will again showed positive rhythm and we should make the best use possible.

Rahar02

hero member

Activity: 910

Merit: 523

Warning - Warning
Btc is down
Btc is down
Keep falling to $5666 right now.
Is it a sign of dump time? Still no clue, as bitcoin price predicted to get corrected in every ATH.
Yes, $6000 is a hot price right now and bitcoin struggling to stand at this point.
People buy and sell within days, afraid of missing out or fear if bitcoin price suddenly drop, but before BTG hard fork? I don't think so.
Bitcoin price suppose to increase as people expecting free BTG in few days later, look at yobit, btg trading reach BTC0.1

lanyounanhai

full member

Activity: 154

Merit: 100

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

fulmetal08larz

full member

Activity: 476

Merit: 124

In my opinion, this kind of trend on bitcoin's price is normal. This is just the way it goes, probably most are taking profit who have set their goals at $6k mark. The price of bitcoin currently is not the end of it, it might hit around $7k probably next month, and I, personally think, that the $10k mark is not impossible to reach in the upcoming months and we'll probably see the new year 2018 with a big bang! I'll stick with my strategy of buying bitcoin when it hits the bottom, then sell once I obtained my goal/target price.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: tscen on October 22, 2017, 07:25:33 AM

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

This aint a good sign since this somehow proves that bitcoin price now is manipulated. It might be wrong but the current price movement tells us that there is an entity out there trying to seize control of bitcoin price and this entity is someone with enough influence. Probably the top has already been reached and the chance of the current movement in price is the sign of the beginning of crypto winter. For now I think it is better to sell some bitcoin now rather than buy.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

I was out couple of days but the price seems to be on a roller coaster ride. This is a sign that the market is somewhat being pump, swings of $100-200 every hours has been the norm. Maybe there are somewhat from behind doing a pump and dump, right now the price is just below $6000, because someone has already cashing in and taking profit and advantage of the looming fork in 2 days time. This is just my honest opinion.

omnik

sr. member

Activity: 569

Merit: 250

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

The trend depends on the market of the bitcoin itself and those are interesting to earn free money and after they are all getting it and i believe about that they will try to dumo it as fast as possible to take a lot of the profit.

xFGND

full member

Activity: 137

Merit: 100

It's called a correction, not every up / down is a pump & dump.

8270thNinja

full member

Activity: 210

Merit: 100

busy in real life, long post gap is understandable

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.

crairezx20

legendary

Activity: 1638

Merit: 1046

I feel this is nearly collapse sooner since the fork will nearly to done we will see holders will sell back bitcoin after they get the bitcoin gold...
And other holders are now confused because before its late they provably choose to sell their bitcoin just to getting benefits of the price increase from the past few days.. Hope others will stay holding until november..

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Nope, we're still very much in an upswing. Call it a 'pump' or whatever, but we're in the
middle of a very strong bull market. Yes, there was a little selloff, but look at how fast
bitcoin rebounded. I'm not one to make silly emotional statements regarding the bitcoin
market, but now is definitely not the time to sell.

However, the articles I've read here about people mortgaging their houses to buy bitcoin,
and that gentleman and the family who sold everything to buy it...that stuff has me
concerned about this being a bubble primed to pop. And that might be the case, but my
feeling is that we still have some time.

MiningSensei

hero member

Activity: 766

Merit: 509

Probably it will go up in the next hours, we all believe in bitcoin and i really think that the price will climb again to $6200 as soon as possible. But we should think about the upcoming fork too, it is going to dump bitcoin price a little too. But we should see how it goes, anyway, i dont think that it all was just a dump and pump, because we have been hearing good news for more than two weeks, and that is the only thing that matters, the good news about bitcoin.

machinek20

hero member

Activity: 840

Merit: 501

Quote from: uszaty43 on October 22, 2017, 04:33:33 PM

Looks like bitcoin is now going down, maybe this is one of those process that happens before a good pump? i dont know why it has dropped so much since yesterday, it was upto $6200 each btc and now it is below $5900 each one. anyway, i am still positive about bitcoin and i can not complain about anything.
But i was going to withdraw some bitcoin tomorrow and i will hope to see bitcoin over $6000 again.

This usually happened because the price going up too fast, it likes people playing pump and dump game, so there are no actual people increase their investment in bitcoin, and this few days rising is because most of them want to get bitcoingold, a lot of people attempted to obtain this free coin after they saw how valuable the bitcoincash

kwukduck

legendary

Activity: 1937

Merit: 1001

It's always like this, right before the massive crash it runs up.

Fact is, people don't want centralization like Bitcoin.
They want decentralization, which is exactly what BTG offers.
BTC is Bitcoin of the people, in contrast to the now Corporate Bankster Bitcoin Core.

Bitcoin Core will be sold hard to get BTG by anyone but a few people that don't understand the fundamentals.
Just 40 more hours before shit hits the fan and rivers of blood will flow through bitcoin land once again.
We'll see news stories again of people suiciding because they sold everything they have to get into Bitcoin Core and losing it all.

uszaty43

hero member

Activity: 849

Merit: 507

Looks like bitcoin is now going down, maybe this is one of those process that happens before a good pump? i dont know why it has dropped so much since yesterday, it was upto $6200 each btc and now it is below $5900 each one. anyway, i am still positive about bitcoin and i can not complain about anything.
But i was going to withdraw some bitcoin tomorrow and i will hope to see bitcoin over $6000 again.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: tscen on October 22, 2017, 07:25:33 AM

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

A correction and taking profits is a bit different from a downtrend. You're mixing up the terminology!
There's no reason for a downtrend now because Bitcoin is still strong, but a correction will surely come after the fork when people sell their Bitcoin Gold and will no longer need to hold as many Bitcoins as they do now. There are still opportunities in altcoins and some of the money may go that way.

Torque

legendary

Activity: 3710

Merit: 5286

Yeah, I really hate these PnDs that keep rising every $1k. My net worth just keeps going up and up. Cry

I hope these PnDs don't keep happening years or decades into the future. Cry

susila_bai

hero member

Activity: 1260

Merit: 524

This price corrections is just the profit booked by the small traders and very soon we will see that the price is moving above 6500+ before hardfork because their will be heavy dump after hardfork.

Gaaara

hero member

Activity: 1106

Merit: 501

That was obvious, the real question is when exactly? Bitcoin is being consistent at pumping, there are some dump that happens but only at a low level bitcoin price will go down but it is only temporary.
There are some investors that will deny bitcoin but that was only to gain profit then come back after, so pump and dump will always happen as long as there are some investors who doubt it.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: jjacob on October 22, 2017, 01:05:52 PM

Just because there has been a slight correction doesn't mean that it is a pump and dump. Of course, there will be profit booking at different levels. You can't expect anything else from financial investors. We will just consolidated before moving the next move upwards.

I agree that this is possibly just a correction to come along with the whole fork. I mean, a lot of people expected this drop to come very close to the time of the second Bitcoin fork and they are definitely not wrong to have expected it. People will end up getting their Bitcoin gold and dumping that almost instantly for Bitcoin, so you might not even end up losing much on this correction.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: tobs on October 22, 2017, 01:28:51 PM

Quote from: jjacob on October 22, 2017, 01:05:52 PM

Just because there has been a slight correction doesn't mean that it is a pump and dump. Of course, there will be profit booking at different levels. You can't expect anything else from financial investors. We will just consolidated before moving the next move upwards.

But actually in that particular case it is a pump and dump. The price raised so much, because everyone wants to acquire as many bitcoins as possible to get "free money" after the fork. That's the pump phase. And when the fork happens, they will sell most of their excess bitcoins that they had bought only for that one moment, and it will be the dump phase. Probably will end at something like $4300 and then it will again raise naturally, because many people will want to take the opportunity of bitcoin at $4300 so they will start buying it again.

Yes. Don't forget good old fashioned profit taking as well. When something goes up this fast, it makes people nervous (they "climb a wall of worry") and often sell just to crystallise the gains.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: lumeire on October 22, 2017, 08:43:18 AM

Quote from: tscen on October 22, 2017, 07:25:33 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?

The next floor is unpredictable. The same might grow higher or will remain in this same platform without much pumping or dumping. In reality surely price pumping happens with regards to the time period. If this is just an pump and dump mechanism then the price right now could have gone much lower based on different speculation from users all around.

tobs

full member

Activity: 282

Merit: 100

Quote from: jjacob on October 22, 2017, 01:05:52 PM

Just because there has been a slight correction doesn't mean that it is a pump and dump. Of course, there will be profit booking at different levels. You can't expect anything else from financial investors. We will just consolidated before moving the next move upwards.

But actually in that particular case it is a pump and dump. The price raised so much, because everyone wants to acquire as many bitcoins as possible to get "free money" after the fork. That's the pump phase. And when the fork happens, they will sell most of their excess bitcoins that they had bought only for that one moment, and it will be the dump phase. Probably will end at something like $4300 and then it will again raise naturally, because many people will want to take the opportunity of bitcoin at $4300 so they will start buying it again.

Krikke

member

Activity: 74

Merit: 10

Standing on the shoulders of giants

It's holding pretty well imo, obviously there will be fluctuation and even flash crashes. But the BTC uptrend is still strong!

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Just because there has been a slight correction doesn't mean that it is a pump and dump. Of course, there will be profit booking at different levels. You can't expect anything else from financial investors. We will just consolidated before moving the next move upwards.

Fortify

legendary

Activity: 2688

Merit: 1192

It is a record high, of course there will be a large group of investors who had $6,000 as a target and want to cash out as early as possible. You cannot expect it to keep going up forever without any reversals. I think the grow it has seen in the last couple years is phenomenal, yet people still complain..

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

nest time sell when the dip begins, which means nearly 22 hours ago when price was $6100 and the first big red candle is marking the initiation of the dip. and not at the bottom when everything is being reversed meaning at $5700

if you do that you won't be angry next time to create a throwaway account to call bitcoin "pump and dump" and go away Wink

and if you can't then maybe you have to give up trading and buy & hold instead.

Epimetheus

legendary

Activity: 1120

Merit: 1000

Quote from: tscen on October 22, 2017, 07:25:33 AM

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

No I don't think that bitcoin price can go lower as the fork is expectedly for 25 October and till then there are no chances of it getting dumped and after that there is 1st November lwndmqrk on which segwit 2x will be activated so till then also there aren't any chances of bitcoin getting dumped, everyone think that bitcoin is being pumped whenever it's price start rising rapidly, I can't seem too understand the reason behind that.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: tscen on October 22, 2017, 07:25:33 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?

Kronos21

sr. member

Activity: 434

Merit: 255

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.

tscen

newbie

Activity: 22

Merit: 0

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

Topic: Looks like $6000 is just another pump and dump (Read 1324 times)