LOL. Not trying to forge any fear or doubt. I am warning people that today might not be a good day to buy in. I have seen lots of posts thinking that this will continue to rise in the upcoming days. If you are day trading the BTC, like I do, this will not be the case.
Today is a bad day to buy. Ignore me if you would like.
As for the volatility? I asked questions about how the btc will stabilize. Otherwise I mentioned nothing about volatility. Please read the entire post if you haven't already, it appears you missed my point.
Topic: Pump and Dumps -- How much of a threat are they? Theory and Questions Post (Read 826 times)
January 05, 2014, 05:41:41 PM
January 05, 2014, 05:38:09 PM
What's your point? Apart the classic FUD you are trying to forge...
Also what you are saying about volatility has been already discussed millions time.
Also what you are saying about volatility has been already discussed millions time.
January 05, 2014, 05:35:10 PM
EDIT: Sorry -- I forgot to say Hi! This is my first post. I am eager to be a part of the community!
I believe that today's rise a classic pump and dump. I have proof that members of the ForEx market have been using bitcoin for pump and dumps lately. I know that they have done so in the past and I am sure that this is an example of an ongoing one.
I will later post on the info I have regarding the ForEx investors. It would not be prudent to do so at this time considering some ongoing trades that are currently in the works with other currencies.
If you look closely at most of the major exchanges today you will see one trend -- more people are selling than are looking to buy.
This says one of two things -- That those that held bitcoins as a short term investment are happy with their gain and are going to sell their investment off now and cash out.
Alternatively it could mean that a larger pump and dump is occurring. Otherwise, a slight decline in demand or a slight increase would occur. What we see is a dramatic dump -- a twofold increase in supply.
Now, I understand there are many detractors from this theory and that it is usually met with a mix of outrage and denial by the bitcoin community. I have seen this on many forums and although I am a new member here, it is a common thought trend when a Pump and Dump is suggested.
Personally, I see yesterdays spike as a true rise in interest and today's recurring spike as a classic pump.
Since the bitcoin exchange is decentralized among multiple marketplaces it is not hard to divide and conquer. A smaller pump across multiple platforms is both easier to pull off and harder to account for and recognize.
I mentioned that the ratio between sell and buy orders is quite high -- 2:1. This is bad for a continuance of growth and will lead to a decline in price over the next couple days.
So now my questions -- How many people recognize today's value increase as a pump and dump? Is there any way to avoid this vulnerability? How will the BTC stabilize in the future if it can forever be utilized like this?
I believe that today's rise a classic pump and dump. I have proof that members of the ForEx market have been using bitcoin for pump and dumps lately. I know that they have done so in the past and I am sure that this is an example of an ongoing one.
I will later post on the info I have regarding the ForEx investors. It would not be prudent to do so at this time considering some ongoing trades that are currently in the works with other currencies.
If you look closely at most of the major exchanges today you will see one trend -- more people are selling than are looking to buy.
This says one of two things -- That those that held bitcoins as a short term investment are happy with their gain and are going to sell their investment off now and cash out.
Alternatively it could mean that a larger pump and dump is occurring. Otherwise, a slight decline in demand or a slight increase would occur. What we see is a dramatic dump -- a twofold increase in supply.
Now, I understand there are many detractors from this theory and that it is usually met with a mix of outrage and denial by the bitcoin community. I have seen this on many forums and although I am a new member here, it is a common thought trend when a Pump and Dump is suggested.
Personally, I see yesterdays spike as a true rise in interest and today's recurring spike as a classic pump.
Since the bitcoin exchange is decentralized among multiple marketplaces it is not hard to divide and conquer. A smaller pump across multiple platforms is both easier to pull off and harder to account for and recognize.
I mentioned that the ratio between sell and buy orders is quite high -- 2:1. This is bad for a continuance of growth and will lead to a decline in price over the next couple days.
So now my questions -- How many people recognize today's value increase as a pump and dump? Is there any way to avoid this vulnerability? How will the BTC stabilize in the future if it can forever be utilized like this?
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