Market revolves around Bitcoin pumps - page 3.

blacktux88

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could you exactly explain the last traps and pumps.
i think therer should be a higher bullrun will perform last q of this year

Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

Caesar-Giulius

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Buy, sell and store real cryptocurrencies

The previous days pumps seem artificial, there aren’t any significant BTC volume increase. With good news coming up, it doesn’t seems to be able to drive the volume up.

nisya

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I think with what we seeing in the market will make people scare and worry about buying and selling because they think the price can go up and down without warning. and yes, it's scared me too and in a few days ago until now, I am carefully to buy and sell bitcoin because I don't want to get stop at the high price and need to wait for the price to back the increase.

jamesashmore1964

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Quote from: crypto1nvest on June 23, 2018, 07:29:33 AM

I think yes it just a bull trap. We will see 5600-5400 soon. And then bounce back to 7000 IMHO. Be careful market now very manipulative.

Agree, at 7K the whales will repeat what just happened!

crypto1nvest

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I think yes it just a bull trap. We will see 5600-5400 soon. And then bounce back to 7000 IMHO. Be careful market now very manipulative.

gabmen

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Quote from: DZU1410 on June 22, 2018, 01:10:08 AM

Unfortunately the whole market depends on the movement of bitcoin and this is not the best condition for the market. But we hope that the bulls will defeat the bears and this will be helped by the whale investments and we will get a growing market.

Whales don't only think about investments here though. If you have the means to affect the market with what you do, won't you take advatage of that? And since most alts in the marker directly require btc for both buying and selling, it can't be helped that btc will be a big catalyst on how the market will move

Klovezio

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Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

BTC is climbing and I think we will have wave soon. I didn’t get on the $6300 train.... and I lately bought at price $6600. So regret!!

Ghebung Masam

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pumps can provide more confidence and hope in the hearts of traders or holders. this is good and may create enthusiasm and also new investor to enter into crypto market.

DZU1410

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Unfortunately the whole market depends on the movement of bitcoin and this is not the best condition for the market. But we hope that the bulls will defeat the bears and this will be helped by the whale investments and we will get a growing market.

Mr.Gun

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chances are that if the price of Bitcoin returns the market will soon be stable again because many people say if soon the bear market will end and with the end of the market bear all will return to a stable price and could benefit again

Bardman

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There is definitely something going on in the shadows. The infamous Bart simpson patterns are happening quite often these days, the market goes up, stays sideways, drops, sideways, up etc etc. It's definitely not something that happens randomly.

Wolfwar

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Quote from: Leah38 on June 20, 2018, 10:22:04 PM

Good day. Few months back I assumed bitcoin will recover by June but didn't actually. It would pump a little and goes back down to 6k$. Some even wait for it to go down at 5k$ and buy. Not good for those who bought at a higher value but good chance to buy for those waiting for the dip. I'm holding Ethereum and because ETH value goes down with BTC value, I'm also waiting for 1k$ per ETH or closer to cash out. Its a waiting game. Hope all will recover soon.

it is very difficult to understand the users, because some are worried that bitcoin dropped even lower than 6000 dollars, while others expect an even greater fall. We must be aware that with the drop in the price of Bitcoin, the crypto-currency market will fall. This will, of course, negatively affect most promising projects.

jamesashmore1964

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Quote from: passwordnow on June 20, 2018, 07:09:13 PM

Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES

Bull trap? you can tell what you want to tell with those opinions on your mind about it so do you know when this bear trap will end?

Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

I believe these pumps are creating less confidence in the market and scarring people away!

More pump, more investors, more attraction.

After a pump the market goes sideways: no real demand. This market has a lot of developing to do!

Leah38

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Good day. Few months back I assumed bitcoin will recover by June but didn't actually. It would pump a little and goes back down to 6k$. Some even wait for it to go down at 5k$ and buy. Not good for those who bought at a higher value but good chance to buy for those waiting for the dip. I'm holding Ethereum and because ETH value goes down with BTC value, I'm also waiting for 1k$ per ETH or closer to cash out. Its a waiting game. Hope all will recover soon.

Sephire

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There is no news and the small bounce bitcoin and other coins had this week can hardly be called a pump. It is just the next rise from a bottom and can turn into a major rise once the downtrend of last few months can be broken.

asriloni

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Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

Do you consider it as a bull trap to catch the little shrimp like us? it could be right or it's not 100% right. As far as I can see that the market is rebound right now and you can see that about how the bitcoin gets more stable and I will try to catch another increase again soon. When whales will be entering to crypto again and there will be massive buying to the crypto.

Suslived

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Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

I somewhat agree. Most of the altcoin values are directly correlated to bitcoin price and consequently, when bitcoin pumps or dumps, altcoins usually follow suit.

However, I do strongly feel that this is not a problem and should not be a reason for people to scare away from bitcoin or crypto in general. The problem is that this happens because most altcoins are traded against bitcoin pairs. If you take a minute to think about it, the value decreases because the value exchanged for bitcoin also decreases. It is not that people are losing faith in the coin, its just people preserving value in their investments. They most definitely always buy back in anyway.

aardvark15

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Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

The crash and volatility does scare away weak investors. That’s normal even for the stock market. It’s like pruning away dead branches because after those weak investors drop out. The market is healthier and more stable and we could likely see a gradual increase in prices.

I’ve seen this happen before and I think it is just the way markets react after a bubble and then a crash.

passwordnow

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Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES

Bull trap? you can tell what you want to tell with those opinions on your mind about it so do you know when this bear trap will end?

Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

I believe these pumps are creating less confidence in the market and scarring people away!

More pump, more investors, more attraction.

just_Alice

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Quote from: jamesashmore1964 on June 20, 2018, 01:16:57 PM

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

Yes, I used to think that all these pumps are related to people panic selling, but considering BTC daily turnover I think that panic selling might not influence the price as much as others think. Obviously, pumps have something to do with market manipulations. And yes, it might scary people away, but not for a long time: once the price starts to increase people will become interested in BTC again.

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