What pumps & dumps are you referring to?
With alts, pumps & dumps are a common occurrence but the market price behind BTC is actually determined by multiple factors. Financial legislation for example has a big impact on it.
When BTC rises, it's then normal to see other alts rise too.
If an alt randomly skyrockets then it's fair to say that it'll fall just as quickly as it rose.
Back to your question, how is BTC a pump & dump?
Topic: Two newbie questions about anonymity and pump and dumps - page 2. (Read 1009 times)
Hello, I am a newbie, but I have followed this forum on and off for a few years. I have these two question perhaps some folks could shed some light on. Maybe they are obvious and/or already have been answered: if so, sorry for a dumb post.
1. Bitcoin is referred to a quasi-anonymous, in that transactions to specific addresses are stored and can thus be tracked. Why doesn’t this provide a means to find out something about who/what is behind big pump and dumps?
2. It seems to me that having fewer coins amongst a larger number of holders would be a good thing, as opposed to whales holding hordes. Do the pump and dumps help spread the coins around, or do they just get bought up by the whales agains?
Thanks!
1. Bitcoin is referred to a quasi-anonymous, in that transactions to specific addresses are stored and can thus be tracked. Why doesn’t this provide a means to find out something about who/what is behind big pump and dumps?
2. It seems to me that having fewer coins amongst a larger number of holders would be a good thing, as opposed to whales holding hordes. Do the pump and dumps help spread the coins around, or do they just get bought up by the whales agains?
Thanks!
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