Was Bitcoin actually just a Pump and Dump? - page 10.

traderethereum

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Quote from: ammy009 on June 22, 2015, 03:31:46 AM

Bitcoin is not just a pump n dump coin. it's true decentralized currency

agree with you, its more like supply and demand from the market and from the people itself, if people wants to make investment in bitcoin then they will buy bitcoin and hold it or they can sell and buy again to earn more. maybe pump and dump is happen if the big players that have much of bitcoin wants to makes the price is up or down so they can leverage the price, but i don't know the truth.

Noctis Connor

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yes all types of currency always pump and dump theres no currency with a stable value. as we all know theres a change and progress in our economy thats why the currencies are changing but if you can see bitcoin is the only one that pumping up to $1200 and theres still possibility that it could pump up to $1500 per bitcoin.

angaper

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Although the original idea behind bitcoin was truly plausible, unfortunately speculative interests can never remain indifferent when they see that an idea can be profitable. This has happened to bitcoin now and big whales have turned it into a juicy business for them.

PumpMyCoin

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ifightformerkel

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its not only a pump and dump, people ask this question everytime when it goes down.

When it was at 1 dollar, 100 dollar and 1000 dollar, it the first true decentralized currency.
Bitcoin is now also true decentralized at the stock market.
This currency need only a little bit more acceptance (which it will get) and it will grow faster than you can look, like facebook a few years ago Wink

deisik

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Quote from: BillyBobZorton on June 22, 2015, 12:12:41 PM

Quote from: deisik on June 07, 2015, 04:34:32 AM

Quote from: Amph on June 07, 2015, 03:47:04 AM

gaming on the blochcahin is one of those, already on the way

I looked more narrowly at that trading card game of Moonga (and its site), and, alas, there is nothing beyond just using the Bitcoin blockchain as a payment system for buying additional cards in the game itself (as an option). This is not what I would call gaming on the blockchain, just like it is not gaming on MasterCard if you happen to buy some stuff in a game through that payment system...

Quote

EverdreamSoft is now accepting to be paid for any of their services in bitcoin, the revolutionary currency

...

In Moonga, users start playing by downloading the game for free. To progress, complete their collection and improve their game strategy, players can chose to buy additional cards, either using to the points earned in games, tournaments or contests, or via the Shop where the card boosters are for sale at varying prices.

So it seems that you got too deep into the illusion of taking wishes for facts

So what would you consider "gaming on the blockchain" specifically?
For me a project that pays high scores in BTC is gaming on the blockchain already. The main problem with such transactions is it's mostly going to be considered dust transactions and dropped by miners specially in the near future when the blocksize upgrade happens, thats why we need LN along with blocksize upgrade ideally at the same time.

I guess you shouldn't ask me, since it was not me who had raised the issue of "gaming on the blockchain" (whatever is meant by that). If you still want my take on this, that would most definitely be using the blockchain for something other than payment (i.e. sending bitcoins). If I am not mistaken, the Bitcoin protocol allows insertion of arbitrary data in a transaction, so the most obvious example would be playing chess, i.e. sending moves in transactions. It appears a bit contrived of course, but it still demonstrates the principle of "gaming on the blockchain", as I understand it...

Anony

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Quote from: JarvisTechnology on June 22, 2015, 12:17:50 PM

Quote from: ninjaskip on October 29, 2014, 10:53:56 AM

This is an open discussion, so your thoughts more than welcome.

Here is what i think that happened:

"A few people with a lot of money, a few brilliant ideas and the will to fuck everyone up in order to make loads more money came up with a great idea: let's create digital money, some bullshit about fighting banks, some japanese guy that doesn't really exist, silkroad for a bit.
Let's give this Bitcoin thing value by pumping the hell out of it, and let it drop on a bunch of unwanted childs that dream of getting rich with this shit.
In the Meantime we will have an organized ring of scammers ( Karpelles, cryptorush, mintpal.. etc etc .. ) that will make us even richer.
We will also have another organized ring of scammers/devs that will create new coins so we can pump and dump the hell out of them to make even more and more money.
Once this shit gets regulated we will just leave with more billions and see ya"

Well people using bitcoins, actually got earned a lot. Ofcourse there are people who lost a lot also. But whatever the winners and losers got, is because of their decisions. So what if someone created bitcoins to earn billions. To use it or not, its your choice.

That is right, and people are still earning it. When the bitcoins prices will go up, they will earn a lot more. So stop thinking, and earn while you can.

JarvisTechnology

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Quote from: ninjaskip on October 29, 2014, 10:53:56 AM

This is an open discussion, so your thoughts more than welcome.

Here is what i think that happened:

"A few people with a lot of money, a few brilliant ideas and the will to fuck everyone up in order to make loads more money came up with a great idea: let's create digital money, some bullshit about fighting banks, some japanese guy that doesn't really exist, silkroad for a bit.
Let's give this Bitcoin thing value by pumping the hell out of it, and let it drop on a bunch of unwanted childs that dream of getting rich with this shit.
In the Meantime we will have an organized ring of scammers ( Karpelles, cryptorush, mintpal.. etc etc .. ) that will make us even richer.
We will also have another organized ring of scammers/devs that will create new coins so we can pump and dump the hell out of them to make even more and more money.
Once this shit gets regulated we will just leave with more billions and see ya"

Well people using bitcoins, actually got earned a lot. Ofcourse there are people who lost a lot also. But whatever the winners and losers got, is because of their decisions. So what if someone created bitcoins to earn billions. To use it or not, its your choice.

BillyBobZorton

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Quote from: deisik on June 07, 2015, 04:34:32 AM

Quote from: Amph on June 07, 2015, 03:47:04 AM

gaming on the blochcahin is one of those, already on the way

I looked more narrowly at that trading card game of Moonga (and its site), and, alas, there is nothing beyond just using the Bitcoin blockchain as a payment system for buying additional cards in the game itself (as an option). This is not what I would call gaming on the blockchain, just like it is not gaming on MasterCard if you happen to buy some stuff in a game through that payment system...

Quote

EverdreamSoft is now accepting to be paid for any of their services in bitcoin, the revolutionary currency

...

In Moonga, users start playing by downloading the game for free. To progress, complete their collection and improve their game strategy, players can chose to buy additional cards, either using to the points earned in games, tournaments or contests, or via the Shop where the card boosters are for sale at varying prices.

So it seems that you got too deep into the illusion of taking wishes for facts

So what would you consider "gaming on the blockchain" specifically?
For me a project that pays high scores in BTC is gaming on the blockchain already. The main problem with such transactions is it's mostly going to be considered dust transactions and dropped by miners specially in the near future when the blocksize upgrade happens, thats why we need LN along with blocksize upgrade ideally at the same time.

ammy009

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Bitcoin is not just a pump n dump coin. it's true decentralized currency

dollarneed

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I think all of crypto coin just pump-dump scheme, especially altcoins with small cap, easy to manipulate.
as for bitcoin, it will be costly to manipulate the price, need a lot of coins and money

Clint

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Your story is possible, but I don't think that was the reason they created it. How the hell would they know bitcoin would go this big in 4 years, they wouldn't care anyways, cause they left with billions just like you said. That part is true.

deisik

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Quote from: Amph on June 07, 2015, 03:47:04 AM

gaming on the blochcahin is one of those, already on the way

I looked more narrowly at that trading card game of Moonga (and its site), and, alas, there is nothing beyond just using the Bitcoin blockchain as a payment system for buying additional cards in the game itself (as an option). This is not what I would call gaming on the blockchain, just like it is not gaming on MasterCard if you happen to buy some stuff in a game through that payment system...

Quote

EverdreamSoft is now accepting to be paid for any of their services in bitcoin, the revolutionary currency

...

In Moonga, users start playing by downloading the game for free. To progress, complete their collection and improve their game strategy, players can chose to buy additional cards, either using to the points earned in games, tournaments or contests, or via the Shop where the card boosters are for sale at varying prices.

So it seems that you got too deep into the illusion of taking wishes for facts

deisik

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Quote from: Amph on June 07, 2015, 03:47:04 AM

Quote from: deisik on June 06, 2015, 03:47:25 PM

Quote from: Amph on June 06, 2015, 03:22:45 PM

Quote from: deisik on June 06, 2015, 01:28:58 PM

Quote from: Amph on June 06, 2015, 12:29:02 PM

well my first post of all this debating was talking about the technology sorrounding bitcoin, i never said that you need to use bitcoin protocol, and what is the problem of using existing infrastructure and decentralize stuff on top of it? this is exactly how it can be enhanced

Firstly, if someone develops something on top of the Bitcoin blockchain, using the existing infrastructure for his purposes (whatever they might be), the miners may not be quite happy with that (with all ensuing consequences thereby). Secondly, if this new development has nothing to do with the Bitcoin main functionality (that of a payment system), which is what your point is about (since you are "not talking about a decentralized payment"), then the success of it will, nevertheless, ultimately depend on the Bitcoin success as the payment system (miners opinion ignored here). So the question is, why would anyone want to risk into this?

again you are diverting your speech, the fact that miners are not happy, does not mean nothing, my whole point is that it can be used for something different than trading, is this so hard to understand

The fact that it can be used doesn't in the least imply that it is or will ever be used beyond its main purpose (and signed messaging). I was trying to explain to you the reasons why there are essentially no such developments (and most likely won't be of anything substantial). Your whole point was that "there are many attempts to use the blockchain not just as a public ledger, everyone know it". These are your words, not mine, after all...

It seems that it is only you who "knows it" or should "know it". That, simply put, sums it up

none can predict the future, my point is that there is the possibility, i don't care if that possibility is slim(for you, for me it isn't), as long as there are other ways to use it, those way will be explored one day

Wishful thinking is an interpretation of events as you would like them to be rather than as they really are, i.e. an erroneous belief that what you wish for is actually true...

Amph

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Quote from: deisik on June 06, 2015, 03:47:25 PM

Quote from: Amph on June 06, 2015, 03:22:45 PM

Quote from: deisik on June 06, 2015, 01:28:58 PM

Quote from: Amph on June 06, 2015, 12:29:02 PM

well my first post of all this debating was talking about the technology sorrounding bitcoin, i never said that you need to use bitcoin protocol, and what is the problem of using existing infrastructure and decentralize stuff on top of it? this is exactly how it can be enhanced

Firstly, if someone develops something on top of the Bitcoin blockchain, using the existing infrastructure for his purposes (whatever they might be), the miners may not be quite happy with that (with all ensuing consequences thereby). Secondly, if this new development has nothing to do with the Bitcoin main functionality (that of a payment system), which is what your point is about (since you are "not talking about a decentralized payment"), then the success of it will, nevertheless, ultimately depend on the Bitcoin success as the payment system (miners opinion ignored here). So the question is, why would anyone want to risk into this?

again you are diverting your speech, the fact that miners are not happy, does not mean nothing, my whole point is that it can be used for something different than trading, is this so hard to understand

The fact that it can be used doesn't in the least imply that it is or will ever be used beyond its main purpose (and signed messaging). I was trying to explain to you the reasons why there are essentially no such developments (and most likely won't be of anything substantial). Your whole point was that "there are many attempts to use the blockchain not just as a public ledger, everyone know it". These are your words, not mine, after all...

It seems that it is only you who "knows it" or should "know it". That, simply put, sums it up

none can predict the future, my point is that there is the possibility, i don't care if that possibility is slim(for you, for me it isn't), as long as there are other ways to use it, those way will be explored one day

gaming on the blochcahin is one of those, already on the way

ridery99

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Bitcoin is going to change the world. Soon it's going to be accepted as a world currency and every transaction is monitored by AI so there can't be tax avoidance anymore. One world government will ban cash and monitor everything in economy by using bitcoin.

solitude

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Was OP just a faggot?

illyiller

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In linear, the bitcoin chart resembles a lot of bubbles. And usually, bubbles don't happen twice. On the other hand, that's not what the log chart shows. So... we shall see.

BTCevo

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Quote from: victoryboy on June 06, 2015, 07:13:23 AM

No,Bitcoin never was pump and dump it was created for some very serious purposes but these were and are people who sometimes loses patience and dump their holdings for little profits.This should be traded to maintain the price and increase it value so both trade and holding a combination is needed.

I dont think it will be that way because if there are no one pump there will be no one to dump. So my point is bitcoin price is control by some people that they called it "whale" because they got a lot of money to pump a lot of bitcoin and the price is going higher but after some time they are getting enough profit and they will dump it for sure because they already get some profit

deisik

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Quote from: Amph on June 06, 2015, 03:22:45 PM

Quote from: deisik on June 06, 2015, 01:28:58 PM

Quote from: Amph on June 06, 2015, 12:29:02 PM

well my first post of all this debating was talking about the technology sorrounding bitcoin, i never said that you need to use bitcoin protocol, and what is the problem of using existing infrastructure and decentralize stuff on top of it? this is exactly how it can be enhanced

Firstly, if someone develops something on top of the Bitcoin blockchain, using the existing infrastructure for his purposes (whatever they might be), the miners may not be quite happy with that (with all ensuing consequences thereby). Secondly, if this new development has nothing to do with the Bitcoin main functionality (that of a payment system), which is what your point is about (since you are "not talking about a decentralized payment"), then the success of it will, nevertheless, ultimately depend on the Bitcoin success as the payment system (miners opinion ignored here). So the question is, why would anyone want to risk into this?

again you are diverting your speech, the fact that miners are not happy, does not mean nothing, my whole point is that it can be used for something different than trading, is this so hard to understand

The fact that it can be used doesn't in the least imply that it is or will ever be used beyond its main purpose (and signed messaging). I was trying to explain to you the reasons why there are essentially no such developments (and most likely won't be of anything substantial). Your whole point was that "there are many attempts to use the blockchain not just as a public ledger, everyone know it". These are your words, not mine, after all...

It seems that it is only you who "knows it" or should "know it". That, simply put, sums it up

Topic: Was Bitcoin actually just a Pump and Dump? - page 10. (Read 45041 times)