Topic: Nobody Can Have Benefit From a Big Pump - page 3. (Read 8275 times)

Yesterday when bitcoin prices rose uncontrollably, I was on a rural project for a week. Unfortunately, big pumps happen when I'm not online. To be honest I'm disappointed with this but I'm still optimistic bitcoin will continue to increase although not as hard as yesterday.

Exchanger still make profit from fees. I think one who hold bitcoin will buy dollars when bitcoin is in the peak price, and wait bitcoin to fall again. When the bitcoin is lower they begin to buy bitcoin again. I think only the lucky ones who can predict will gain profit.

Definitely, I do trading and I am making profit with the price volatility and I have to say I enjoyed doing this and it increases my interest to focus in crypto currencies for my trading activity. There are plenty of coins that we can trade aside from bitcoin and I can assure that one can earn if he is just following the updates of a certain assets because most movement are based on the news.

I do not believe that no one will benefit from a big pump in the price of bitcoin. Many people have been waiting for the bitcoin’s price to reach a high amount so that they can withdraw money using small amount of bitcoin. I know that many members have been waiting for this big pump especially those people who have started long ago and started with bitcoin having small equivalent amount.
 
 I am sure that those members who have been keeping their bitcoin in their wallet are enjoying this sudden rise up of the bitcoin’s price. The feeling is also mutual for those who have saved big amount of bitcoin.

Since now bitcoin market has grown higher so even for a company it is not so easy to pump things longer but they can do it for a short period. But for investors who has invested for longer term growth will not have any impact from these short-term pumps and bumps. But for traders, these volatile prices gives them an opportunity make a good money in short term.

Also the price is an agreement between the sellers and the buyers, if someone wants to sell bitcoin at this moment for 5000 then that person is free to do so, but no one in his five senses is going to agree to such a deal, in the other hand buyers may want to buy bitcoin for 250 but no seller is going to do this, so if the price increases is because there are buyers and sellers reaching and agreement about the price.

I asked you about trading at a "real" regulated exchange

Such as a commodity or currency exchange like NYMEX or MICEX. I'm not talking about cryptoexchanges like Bitstamp or Bitfinex. The price shifts there are absolutely the same, and they follow the same patterns. There is nothing unusual with that. You can ask any experienced trader, and he will tell you that prices don't change gradually, they almost always move in sudden bursts, either up or down. Some assets are more susceptible to such changes, some less, but that has nothing to do whether the exchange is regulated or not. In this sense, they are "normal" and as market driven as any price could ever be. I don't need to Google anything, I have already told you about crude oil since I traded oil futures myself and I remember the days when the price changed a dozen percentages within 24 hours. I can also tell you about silver which grew a few times within months in 2011. It kinda looks that it is you who needs to get first-hand experience first

I took you off my ignore list just in time to see this response. First off, trading at an exchange is not required to examine the suspicious coin price charts. But of course I have traded BTC and other cryptos.  Do you really think that the massive price shifts for every crypto are "market driven", or normal?  What other financial asset class has such rapid price growth and collapse? I guess it's time for you to start googling. And don't give me "penny stocks".

An unregulated market means simple techniques like front-running are legal - not illegal in any way, shape, or form. To break that down for you: on every transaction the exchange can cause the buyer AND seller to pay 0.01% more, without arousing the slightest suspicion or breaking any law.  When we get into how the trades  are settled, there is plenty more room for scamming. Every exchange can and likely does do fractional reserve. Do you think that if you buy coin X on Poloniex that anything happens besides an extra row in a transaction database? That means they only need to have the coins when people withdraw them (not common unless there is a price dump). A classic recipe for bank runs.

You are aware that Mt Gox was running a trading bot that bought 12kBTC every single day? At a price that kept constant growth of the BTC exchange rate. The level of fraud was high at Gox, but Karpeles was pretty stupid and unable to do the sophisticated scamming that Wall St. does.

Do you even know the name of the person running your favorite bitcoin exchange? Is their mailing address anything other than a mail drop in Deleware?

I think the hard dumps only occurs because they want to make other people sell their coins and it has been done always in manipulation of the people who have a lot of money and who knows how to manipulate it. If you are a smart bitcoin investor and user then you will just probably let them manipulate the market and just buy and hold bitcoin because in the long run you will see a higher price for bitcoin.

let me tell you who's buying bitcoins right now. The speculators that have shit ton of money and want to make even more of it, they throw it in like it's nothing for them willing that it will get him more money when they dump it all on peoples heads after a price growth. To be honest I am willing that the price is going to go down significantly right now because the bigger the pump is the bigger and harder dump is going to be. Thus, there would be tons of harm done to bitcoins.

Well i do believe exchanges might play with trading but i really doubt they make such, taking into consideration they charge btc fee at all transaction they get btc doing nothing, soo they can dump their coins at the price they wanna without loose nothing, its all profit, they does pay their workers with bitcoin, and exchange their fees to those things you cant pay with bitcoin.

The exchanges do not buy your bitcoin with their own money but these exchanges are working as a middleman between the buyer and the seller and at that time when someone will sell their coins so someone will also buy bitcoin because they will neeed bitcoin for their business and so the sale will happen at that time.

A pump like it is not going to happen if an altcoin pumped form 1 dollar to 3 then the amount of money needed to make that pump is small, if bitcoin pumped from 1000 to 3000 although in terms of percentage it is the same pump, the amount of money needed for bitcoin to make that pump is incredible, so while what you are saying may be true such a pump is not going to happen in just a few hours.

Have you ever traded yourself?

I mean at a currency or commodity exchange that would count as a regulated one? Obviously, you haven't since otherwise you would have known that this pattern of price behavior is omnipresent. It is the same with major currencies, commodities like oil as well as precious metals. The price may stay frozen literally for weeks and then crash or spike many percentages within a day or two (oil has been particularly notorious in this regard recently). I guess there should be a theory explaining this phenomenon (likely tied to market inertia), but it certainly has nothing with price manipulation as you mean it (i.e. something illegal which is possible only at cryproexchanges). Just in case, regulated exchanges are using the same tricks that unregulated ones employ, and they even get caught (sometimes). I'd rather say it is you who is really naive here

Sorry, but that point of view seems naive to me. You are aware that the cryptocurrency space is almost complete unregulated?

Therefore, there is nothing stopping an exchange from front-running trades, controlling volume in their favor, outright hacking prices, and arbitraging other exchanges. With transaction volume at all-time highs, there is even more opportunity to "time the markets" and profit handsomely. Have you noticed the volatility on these exchanges? Prices will stay static for 2 weeks and then suddenly leap 100% - that's basically a huge red flag that a market is being manipulated.

There are all sorts of "whale clubs" playing all kinds of games in the crypto space. These are Wall Street criminals, so they know every trick in the book.

I am pretty sure that it would be possible for only a single person to pump Bitcoin and have it benefit a bunch of people that were holding Bitcoin before the pump began. For the people that invested money into Bitcoin while the pump was around the peak of it -those would be the people that lose a bunch of money because they've invested money too late.

That is why Bitcoin should be noticed as a collectors item rather than an investment.

In real life things are different from what you think

Exchanges don't only bring the buyer and the seller together, they often act as a buyer or seller themselves. They are there to earn profits, and if they encounter such an opportunity, they will certainly catch it. Since they see all the incoming orders of their clients before anyone else in the market, this gives them a certain competitive edge, and not to use this edge to make sure and easy profits would be economically unwise

Rightly said that only altcoin can be pumped by the majority stakeholders and btc is not at all possible when it has to be pumped by 1 man. Whole of China clubbed together can actually decide the where btc price needs to go where it will rise or fall since they hold the major portion of btc.

only one people is very dificult can big pump bitcoin price
need much money can get profit to pump bitcoin price, must company or community can pump and get profit

That's a big no, let me give you a example bitcoins make a bigpump in this industry from small amount of dollars to 2500$?! as you can see if you buy bitcoin at that time and sell it in this present time you'll make big profits that's because of big pump of bitcoin that no one predict that the value of it will reach at this amount, we can have a profit and benefits in a bigpump yo