Easier o make money on alcoins than bicoin itslf
Pnds happn daily
Topic: pump and dump (Read 4276 times)
Really a good idea. I haven't thought it. But I have some questions. Are you sure that the market can afford such transaction? Are in market so many bitcoins? And it will be possible to buy all those immediately? And to sell those immediately? Because if bought or sold gradually the price will increase gradually and will decrease also gradually and this set in doubt the profit.
If you ask to those questions maybe I will do another post.
Are you sure that the market can afford such transaction?
To be effective in pump and dumps, people involved should carefully study if there are liquidity/money flowing in and out of that certain market and are there really people interested in that certain market. You just can't throw in a large chunk of money with a market that has no activity and expect to get a huge return from it.
Are in market so many bitcoins?
It is safe to say that not all the bitcoins in existence are being actively traded in the markets, given that a large portion of it has remained untouched for several years now, including those coins that belong to Satoshi and other isolated cases in which coins were lost because of forgotten passphrases/passwords. To get a hint of how many bitcoins are being traded, check the different exchanges and add up all their volume in terms of BTC. That would give you a rough estimate of how many coins are in the markets.
And it will be possible to buy all those immediately?
No, it wouldn't be possible. A good trader knows how to build up price and get others aboard the train. If he/she just randomly picks a coin and throw in large amounts of money in it to have a massive boost in price, you shouldn't expect people to follow suit, because the massive price increase is clearly a sign of someone manipulating and playing with the markets.
And to sell those immediately?
No. Refer to the answer above.
Thanks for the explanations. Are logical, complete and helpful for someone who have in mind to do this transaction. Some of you answers was imagined (knew) by me (the last two). But it was my curiosity for the answer of the OP who made me wrote those. Me for sure don't have (had) in mind to do such transaction. If I had those money wouldn't stay in front of my computer all the day but will do even some other things (more diverse).
Since I like your post I want to know your thoughts (if you want to do this naturally) for another my post. You can find that here: https://bitcointalksearch.org/topic/bitcoin-as-currency-of-currencies-1191118
Really a good idea. I haven't thought it. But I have some questions. Are you sure that the market can afford such transaction? Are in market so many bitcoins? And it will be possible to buy all those immediately? And to sell those immediately? Because if bought or sold gradually the price will increase gradually and will decrease also gradually and this set in doubt the profit.
If you ask to those questions maybe I will do another post.
Are you sure that the market can afford such transaction?
To be effective in pump and dumps, people involved should carefully study if there are liquidity/money flowing in and out of that certain market and are there really people interested in that certain market. You just can't throw in a large chunk of money with a market that has no activity and expect to get a huge return from it.
Are in market so many bitcoins?
It is safe to say that not all the bitcoins in existence are being actively traded in the markets, given that a large portion of it has remained untouched for several years now, including those coins that belong to Satoshi and other isolated cases in which coins were lost because of forgotten passphrases/passwords. To get a hint of how many bitcoins are being traded, check the different exchanges and add up all their volume in terms of BTC. That would give you a rough estimate of how many coins are in the markets.
And it will be possible to buy all those immediately?
No, it wouldn't be possible. A good trader knows how to build up price and get others aboard the train. If he/she just randomly picks a coin and throw in large amounts of money in it to have a massive boost in price, you shouldn't expect people to follow suit, because the massive price increase is clearly a sign of someone manipulating and playing with the markets.
And to sell those immediately?
No. Refer to the answer above.
I also dont understand this.
If i would have that money i would buy step by step bitcoin worth of 1 million dollar.
And after 5 years the price will be easy at 25.000 Dollar or more and i make from 1 million - 100 million dollar.
If i would have that money i would buy step by step bitcoin worth of 1 million dollar.
And after 5 years the price will be easy at 25.000 Dollar or more and i make from 1 million - 100 million dollar.
that if your estimate is correct, what if five years from now, bitcoin prices will come down?
The future of bitcoins is all a coin toss. The coin has already been tossed up in the air, it is mid air right now and all the people have their jaw open while this coin swings in the air, everybody is expecting a head or a tail, everybody has a different scenario and expectation. As much supporters bitcoin have, the haters are equal. All want it to either surpass all currencies or fail as an investment, for their future benefits. Let's wait till the coin lands
And while this coin turns around in the air with all the people having their jaws wide open, jostlers and hustlers of all types and kinds are emptying these people's pockets, lol...
Can be done with less than $500,000 problem is the 1+ year of constant sell-offs, hard to make a move in opposite direction.
I know this might be a bad thing for bitcoin but i am really curious to know why don't rich people buy like 10 million $ worth of bitcoin, then the price will automatically go up and sell those bitcoin instantly? even if the price only rise by 5 % that's 500 000 $ profit in just a matter of minutes
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
also with altcoins that have an even lower marketcap this would work even better,so why dont we see big money players pumping and dumping?
Really a good idea. I haven't thought it. But I have some questions. Are you sure that the market can afford such transaction? Are in market so many bitcoins? And it will be possible to buy all those immediately? And to sell those immediately? Because if bought or sold gradually the price will increase gradually and will decrease also gradually and this set in doubt the profit.
If you ask to those questions maybe I will do another post.
Warren Buffett is scared from bitcoin, he now that it is too volatile even for him, i'm sure this is the reason why he don't want to invest
i know that the brothers, twins right? did invested in bitcoin, with their new exchange, which is coming
but i'm not aware of anyone else that is big enough, which has invested in bitcoin, maybe this is the reason why the market isn't moving strongly?
If you get the chance, Digital Gold by Nathaniel Popper makes for a very interesting read. Quite a few obscure heavy hitters bought large amounts but this was a long time ago. I guess they're sitting on it just like everyone else.
This is a clear misunderstanding. A lot of rich people have their money on bitcoin, a lot of them don't. Do all businessmen proudly tell where their money comes and goes? No? Oh yes, that's called business and it happens secretly. Maybe rich people don't like waiting, maybe they have better alternatives we don't know about and maybe they just don't care enough about it. Eventually, they come. They all do, they all will.
are you sure that many rich people have invested in bitcoin? Sure, Warren Buffett might not give a fuck about it but other big investors do? yeah? if said investors really invested their money in btc, then why is it not affecting the trade market daily? I don't think such investors will hold, I think trading might be a common thing for them then, then why is not major changes taking place often?
Warren Buffett is scared from bitcoin, he know that it is too volatile even for him, i'm sure this is the reason why he don't want to invest
i know that the brothers, twins right? did invested in bitcoin, with their new exchange, which is coming
but i'm not aware of anyone else that is big enough, which has invested in bitcoin, maybe this is the reason why the market isn't moving strongly?
If somebody have 10 million, He or She dont need invest on anything.
10 million is surprisingly little for a truly rich person. Regardless, rich people still invest their money. Who couldn't use a few more dollars?Well,
10 million maintained on a traditional saving account at rate 3% anually are 300k of interest.....It is a good amount for only keep it.
And with great interests come great taxes. Saving is a nice practice but it can also be considered as a liability if it is not bringing in new assets. Always think about how to improve and expand the boundaries which are set right now. Investing is always fun for rich people, because they use the money they wouldn't mind losing. Dumb investors put all in line and lose big. I always like to win smart than win big
This is a clear misunderstanding. A lot of rich people have their money on bitcoin, a lot of them don't. Do all businessmen proudly tell where their money comes and goes? No? Oh yes, that's called business and it happens secretly. Maybe rich people don't like waiting, maybe they have better alternatives we don't know about and maybe they just don't care enough about it. Eventually, they come. They all do, they all will.
are you sure that many rich people have invested in bitcoin? Sure, Warren Buffett might not give a fuck about it but other big investors do? yeah? if said investors really invested their money in btc, then why is it not affecting the trade market daily? I don't think such investors will hold, I think trading might be a common thing for them then, then why is not major changes taking place often?
That's sch an irrational thing to state. If I was a renowned investor with a good image in the market, why wouldn't I boast about my investment, why would I even invest in something I would have shame talking about? The more famous investors open their mouth and their hands towards the bitcoin community, the more bitcoin is benefited, which will in turn benefit them too.
If somebody have 10 million, He or She dont need invest on anything.
10 million is surprisingly little for a truly rich person. Regardless, rich people still invest their money. Who couldn't use a few more dollars?Well,
10 million maintained on a traditional saving account at rate 3% anually are 300k of interest.....It is a good amount for only keep it.
If somebody have 10 million, He or She dont need invest on anything.
10 million is surprisingly little for a truly rich person. Regardless, rich people still invest their money. Who couldn't use a few more dollars? This is a clear misunderstanding. A lot of rich people have their money on bitcoin, a lot of them don't. Do all businessmen proudly tell where their money comes and goes? No? Oh yes, that's called business and it happens secretly. Maybe rich people don't like waiting, maybe they have better alternatives we don't know about and maybe they just don't care enough about it. Eventually, they come. They all do, they all will.
are you sure that many rich people have invested in bitcoin? Sure, Warren Buffett might not give a fuck about it but other big investors do? yeah? if said investors really invested their money in btc, then why is it not affecting the trade market daily? I don't think such investors will hold, I think trading might be a common thing for them then, then why is not major changes taking place often?
If somebody have 10 million, He or She dont need invest on anything.
This is a clear misunderstanding. A lot of rich people have their money on bitcoin, a lot of them don't. Do all businessmen proudly tell where their money comes and goes? No? Oh yes, that's called business and it happens secretly. Maybe rich people don't like waiting, maybe they have better alternatives we don't know about and maybe they just don't care enough about it. Eventually, they come. They all do, they all will.
are you sure that many rich people have invested in bitcoin? Sure, Warren Buffett might not give a fuck about it but other big investors do? yeah? if said investors really invested their money in btc, then why is it not affecting the trade market daily? I don't think such investors will hold, I think trading might be a common thing for them then, then why is not major changes taking place often?
This is a clear misunderstanding. A lot of rich people have their money on bitcoin, a lot of them don't. Do all businessmen proudly tell where their money comes and goes? No? Oh yes, that's called business and it happens secretly. Maybe rich people don't like waiting, maybe they have better alternatives we don't know about and maybe they just don't care enough about it. Eventually, they come. They all do, they all will.
I also dont understand this.
If i would have that money i would buy step by step bitcoin worth of 1 million dollar.
And after 5 years the price will be easy at 25.000 Dollar or more and i make from 1 million - 100 million dollar.
If i would have that money i would buy step by step bitcoin worth of 1 million dollar.
And after 5 years the price will be easy at 25.000 Dollar or more and i make from 1 million - 100 million dollar.
that if your estimate is correct, what if five years from now, bitcoin prices will come down?
The future of bitcoins is all a coin toss. The coin has already been tossed up in the air, it is mid air right now and all the people have their jaw open while this coin swings in the air, everybody is expecting a head or a tail, everybody has a different scenario and expectation. As much supporters bitcoin have, the haters are equal. All want it to either surpass all currencies or fail as an investment, for their future benefits. Let's wait till the coin lands
Rich people these days are just really lazy and don't have any interest in bitcoin. But seriously they probably have better stuff to spend their money on.
That's not true, rich people think the blockchain technology is too complicated for them to invest their money in, but I know a lot of rich people that are putting their money into different Altcoins. Rich people these days are just really lazy and don't have any interest in bitcoin. But seriously they probably have better stuff to spend their money on.
I think once the old people die and the younger generations inherit their millions, all those young guys will start seeing the value in owning BTC and investing in BTC based companies and all that old money will start getting inside the BTC ecosystem.
10 million $. Don't you agree with the fact that it is a huge amount. Why would the rich guys trust with so much money on bitcoin? It does involve a huge risk. Since people generally put their faith in the assured bank market.
yea many of the rich people now in the world are rich conservative rich famalies that only invest with family bankers and so on, lets say bitcoiners are part of a new economic society that most rich people don't like to be apart of .
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