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Topic: The current bitcoin price increase won't be a pump and dump. Do you agree? (Read 714 times)

legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
That's true, we are stabilizing, not just in decentralization but in values too...
This is what Satoshi made Bitcoins for, stable growth with stable development of independence... Wink
legendary
Activity: 2688
Merit: 1026
Hire me for Bounty Management
Do you agree with Martin Tillier from Nasdaq, who wrote:

"This is an appreciation in bitcoin that is perfectly logical and is based on fundamental factors. That makes it far more likely that it will proceed in an orderly fashion and extremely unlikely that it will be followed by a sudden collapse."

Full article: http://www.nasdaq.com/article/this-time-bitcoins-price-increase-is-both-logical-and-sustainable-cm562649#ixzz3wcaSOTQB

I think the current price hike is due to many individuals buying bitcoin in small units.Pump is when some big players start buying in bulk to manipulate price and dump later to make profit.New entrants will not sell them early so I dont see any price fall in next 4 months
sr. member
Activity: 274
Merit: 250
Negative rating was requested by me (SFR10)
I would definitely agree with him on this one. Only if everyone take a look at the latest pumps and dumps that have happened in the last 2/3 months, it could clearly show that the dump level after each pump has been decreasing in comparison to the past and it's getting closer and closer to be in a range that it could be called an stability range value for Bitcoin and this trends is going to continue until the dump would be less than $5 at most.
hero member
Activity: 616
Merit: 500
I think this was just a tiny pump and dump. It didn't make much of a difference. I also think that some of this had to do with a lot of stock markets going into the red. I could be wrong since we can't say for sure what really effects the bitcoin market.
legendary
Activity: 1904
Merit: 1074
What pump and dump... You surely not calling the once off Willy Bot event a pump and dump? There are currently a lot of people pulling stocks in favor of a vehicle with a lot

more "wealth storage" characteristics. You see the same happening to gold, in times of crisis. We have seen a lot more stability in the last year in Bitcoin and a steady increase

in the "base" price. The halving of the block reward, could also serve as some buffer for any potential losses people might have, due to any problems.  Roll Eyes
member
Activity: 70
Merit: 10
Personally, i do think that places and countries that bitcoin is legal, the people will move t the platform as a way of storing their wealth. With the collapse of the other currency, I am so sure that very many persons will be in a position to adopt the bitcoin. We may however also experience the pump and dump in the price as we have several levels of demand. Any monetary activity is always highly affected by the demand among other factors and I believe bitcoin is a no exemption.
legendary
Activity: 2282
Merit: 1023
I think there will be a pump soon when the halving is nearer- say March or April. That will be the exciting period. Current pump is most likely China economy news driven.

I thought we just saw a small pump up to 465 and dump back to 450?
sr. member
Activity: 476
Merit: 250
True I don't really see for now a pump and a dump more like stable around the 450 dollars for now.
But this is 2016 we can see a high pump still so we just need to wait.
I don't spec a dump this year maybe it will happen, but not that low.
sr. member
Activity: 406
Merit: 250
It's too small to call it a pump and too soon to say as well.
I think it's best to see what happens after this weekend.
legendary
Activity: 3248
Merit: 1070
i agree that it look more stable, because the current value was achieved very slowly, so people should really stop to comapre it to the past

it has nothing to do with the old run up to the 1200 ath, it entirely different
hero member
Activity: 756
Merit: 500
I do believe it's not another pump and dump. It's playing around 430-460$ . Nothing to worry about.
Agreed! The price is quite stable recently! The selling and buying come to balance!

Double agreed, it has been pretty quiet for several weeks - maybe indicating a strong price.  There will be volatility but not sure about pump and dump opportunities in the future.
hero member
Activity: 1092
Merit: 500
It ain't a pump and dump, it is demand and supply effect
legendary
Activity: 950
Merit: 1000
I do believe it's not another pump and dump. It's playing around 430-460$ . Nothing to worry about.
Agreed! The price is quite stable recently! The selling and buying come to balance!
legendary
Activity: 1148
Merit: 1000
"extremely unlikely" doesn't mean that it couldn't happen, I'm not even sure I would use the word "extremely" here, "less likely" seems more appropriate. There are so many factors that can cause wild swings in the price, factors that are independent of the logic he's basing his statement on.
sr. member
Activity: 266
Merit: 250
I do believe it's not another pump and dump. It's playing around 430-460$ . Nothing to worry about.
legendary
Activity: 1568
Merit: 1000
Im really not sure about this pump, I understand that it could be influenced by the stock market falling and China but with Bitcoin one can never know for sure if there are some manipulators behind this, it's just too early. If I had to place a bet I would go with the first option since it seems rather natural compared to recent ones.
legendary
Activity: 1834
Merit: 1036
I don't think it's another round of pump and dump since we don't see any huge transactions on queue. Only small transactions and there's a lot of them. Hope this continues and reach $500.
sr. member
Activity: 266
Merit: 250
there would be more people to go for the bitcoin due to the index collapse.
i guess, there would be a low-level bump ups due to more people starts to use the bitcoin to store wealth and save themselves from the market collapse. Huh there are major collapse in the chinese market so i would believe more people is gonna start to use bitcoin.

This could be happen only in that countrys where bitcoin is legal and buying and selling is allowed and taxation is their for bitcoin, but other countrys which have still banned bitcoins or status is not yet clear, their i think it wont work out for bitcoins. It is different that they can go for online buying without anyones knowlege. But their will be increase in demand created if more stock exchanges start to crash.
legendary
Activity: 1582
Merit: 1006
beware of your keys.
there would be more people to go for the bitcoin due to the index collapse.
i guess, there would be a low-level bump ups due to more people starts to use the bitcoin to store wealth and save themselves from the market collapse. Huh there are major collapse in the chinese market so i would believe more people is gonna start to use bitcoin.
member
Activity: 90
Merit: 10
Gatecoin.com - Trade BTC/ETH/REP/DGD/1ST/SNGLS
Do you agree with Martin Tillier from Nasdaq, who wrote:

"This is an appreciation in bitcoin that is perfectly logical and is based on fundamental factors. That makes it far more likely that it will proceed in an orderly fashion and extremely unlikely that it will be followed by a sudden collapse."

Full article: http://www.nasdaq.com/article/this-time-bitcoins-price-increase-is-both-logical-and-sustainable-cm562649#ixzz3wcaSOTQB
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