To pump or to dump, I think it doesn't matter.
The blockchain technology is amazing and will have a big impact in the future.
Topic: Was Bitcoin actually just a Pump and Dump? - page 14. (Read 45041 times)
Even if it was designed just to be a pump and dump scheme, it still took on a life of its own and has usurped that position.
Additionally, why didn't Satoshi empty his account during the $1,000+ price tag?
This alone is reason to believe that bitcoin was not intended to be a pump or dump scheme by its creator.
Additionally, why didn't Satoshi empty his account during the $1,000+ price tag?
This alone is reason to believe that bitcoin was not intended to be a pump or dump scheme by its creator.
As far as I'm informed, we don't know who or what is Satoshi, and whether he is a human being at all (but not some government agency), so the reasons why he didn't empty his wallet when the bitcoin price had stepped over $1,000 remain totally obscure to us, and may have nothing to do with the pump-and-dump scheme in whatever way...
Even if it was designed just to be a pump and dump scheme, it still took on a life of its own and has usurped that position.
Additionally, why didn't Satoshi empty his account during the $1,000+ price tag?
This alone is reason to believe that bitcoin was not intended to be a pump or dump scheme by its creator.
Additionally, why didn't Satoshi empty his account during the $1,000+ price tag?
This alone is reason to believe that bitcoin was not intended to be a pump or dump scheme by its creator.
But who controls banks? Right, a central bank. But the central bank is most certainly controlled by the government. For example, the seven members of the Federal Reserve Board of Governors are appointed by the president of the US and then confirmed by Senate...
Central banks are usually independent. They are not controlled by the government, but accountable to it.
For example, the Federal reserve has its objectives - maximum employment and stable prices. It is accountable to the Congress if there is perceived failure to meet these objectives.
Accountable to it, are you serious, when did you (in the history of mankind) saw a bankster being prosecuted for running the global ponzi scheme called the fractional reserve banking system?
Also so what if they are accountable to the parlament, so who is the parlament accoutable to? Nobody.
It's an elite maffia ruling class ruling above us all.
I dont think BTC is just a pump and dump coin. As you might have already known, pumping btc isn't all that easy anymore... the real whales are rare. pumpers only start their pump, if they expect, that followers will buy back their pumped coins, that what's mostly gonna happen.
Putting your men at the head of a company (or governmental agency, for that matter) is usually the best thing you could possibly do if you aim to control it. You may indeed have other ways to reach the same effect, but this one seems to be the most efficient and straightforward, without much beating about...
It doesn't necessarily mean that your aims will be opposite to those declared, though
It doesn't necessarily mean that your aims will be opposite to those declared, though
They may have been your men in the past, but once appointed there is nothing that you can do to ensure that they toe your line. The very fact that they cannot be removed by the government unless they are ineffective ensures some independence.
Do you really believe what you say? If you do, then it means that you don't quite understand how things happen in real politics. You don't work your way up all alone, you can only get where you get if you have a team of people that are faithful and loyal to you through years (actually, decades of years). As you go up the stairs, your team go up with you too. Why should they all of a sudden stop being your men if you help them get just another post?
In fact, they are your lifetime friends
Putting your men at the head of a company (or governmental agency, for that matter) is usually the best thing you could possibly do if you aim to control it. You may indeed have other ways to reach the same effect, but this one seems to be the most efficient and straightforward, without much beating about...
It doesn't necessarily mean that your aims will be opposite to those declared, though
It doesn't necessarily mean that your aims will be opposite to those declared, though
They may have been your men in the past, but once appointed there is nothing that you can do to ensure that they toe your line. The very fact that they cannot be removed by the government unless they are ineffective ensures some independence.
Who ever automatically thinks conspiracies never happen are ignorant of history. Take the assassinations of emperors of ancient Rome. Not to say, that they are all true. Some are true, and some are not. Historians look back at some deaths and say this might have been a natural death or it might have been poison.
Most cryptocurrencies have a poor distribution. Most have a high concentration in a few hands due to pre-mining or insta-mining. Bitcoin was mined by a small group probably due mostly to obscurity. I would have put my CPU to mining it even thinking it would never be worth a cent per coin. Instead, I watched e-gold back in 2009. I didn't hear about bitcoin until it required expensive graphics cards.
sdp
Most cryptocurrencies have a poor distribution. Most have a high concentration in a few hands due to pre-mining or insta-mining. Bitcoin was mined by a small group probably due mostly to obscurity. I would have put my CPU to mining it even thinking it would never be worth a cent per coin. Instead, I watched e-gold back in 2009. I didn't hear about bitcoin until it required expensive graphics cards.
sdp
But who controls banks? Right, a central bank. But the central bank is most certainly controlled by the government. For example, the seven members of the Federal Reserve Board of Governors are appointed by the president of the US and then confirmed by Senate...
Central banks are usually independent. They are not controlled by the government, but accountable to it.
For example, the Federal reserve has its objectives - maximum employment and stable prices. It is accountable to the Congress if there is perceived failure to meet these objectives.
Putting your men at the head of a company (or governmental agency, for that matter) is usually the best thing you could possibly do if you aim to control it. You may indeed have other ways to reach the same effect, but this one seems to be the most efficient and straightforward, without much beating about...
It doesn't necessarily mean that your aims will be opposite to those declared, though
But who controls banks? Right, a central bank. But the central bank is most certainly controlled by the government. For example, the seven members of the Federal Reserve Board of Governors are appointed by the president of the US and then confirmed by Senate...
Central banks are usually independent. They are not controlled by the government, but accountable to it.
For example, the Federal reserve has its objectives - maximum employment and stable prices. It is accountable to the Congress if there is perceived failure to meet these objectives.
It is the biggest pump and dump in human history, could last for hundreds of years, and when it is pumped up enough high, fiat money will get dumped, that is a fundamental difference
Fiat money is an instrument of governmental control (and in the case of the US dollar it is also an instrument of world domination). Why would any government consciously and intentionally want to substitute the currency they control with something they cannot ultimately control?
In China maybe, but as I understand, western governments are very poor, they all have heavy debt and fiat money is the tool that banks control them
But who controls banks? Right, a central bank. But the central bank is most certainly controlled by the government. For example, the seven members of the Federal Reserve Board of Governors are appointed by the president of the US and then confirmed by Senate...
It is the biggest pump and dump in human history, could last for hundreds of years, and when it is pumped up enough high, fiat money will get dumped, that is a fundamental difference
Fiat money is an instrument of governmental control (and in the case of the US dollar it is also an instrument of world domination). Why would any government consciously and intentionally want to substitute the currency they control with something they cannot ultimately control?
In China maybe, but as I understand, western governments are very poor, they all have heavy debt and fiat money is the tool that banks control them
It is a pump dump. Anything which is unregulated and generate profit like this will be so.
With that said, it is just not pump and dump. The volatility may make it look bad but its still a new technology and it will take time for it to gain adoption.
With that said, it is just not pump and dump. The volatility may make it look bad but its still a new technology and it will take time for it to gain adoption.
we love bitcoin for its amazing technology, but there is nothing wrong with the volatility now as we're still in the very beginning.
it's a win win. supporting bitcoin and getting nice profits from the volatility.
It is the biggest pump and dump in human history, could last for hundreds of years, and when it is pumped up enough high, fiat money will get dumped, that is a fundamental difference
Fiat money is an instrument of governmental control (and in the case of the US dollar it is also an instrument of world domination). Why would any government consciously and intentionally want to substitute the currency they control with something they cannot ultimately control?
I believe this is one of the reasons why major corporations have not jumped on the Bitcoin bandwagon yet. As far as I'm aware, Satoshi's ~million coins are as yet untouched and people are constantly monitoring his addresses but the fact is nobody would be able to do a thing if he decided to dump. (Well maybe those in the know could decide to get rid of their own coins the minute his coins move).
It is the biggest pump and dump in human history, could last for hundreds of years, and when it is pumped up enough high, fiat money will get dumped, that is a fundamental difference
No, it was an irrational pump & dump phaze like with all new currencies, but now it popped out and its stabilizing, and still growing.
Many merchants like microsoft, apple, amazong and real stores accepting bitcoin worldwide, the infrastructure grows slowly but it will get there.
Now all it needs that bitcoin to go viral and the demand to increase, you will see all stores in your town accepting bitcoin then, and that will be the goal.
By then 1 bitcoin can easily be worth 700k$
Many merchants like microsoft, apple, amazong and real stores accepting bitcoin worldwide, the infrastructure grows slowly but it will get there.
Now all it needs that bitcoin to go viral and the demand to increase, you will see all stores in your town accepting bitcoin then, and that will be the goal.
By then 1 bitcoin can easily be worth 700k$
If you have enough money, you can try to corner the market by buying up a large percentage of the traded commodity (stock) and thus be able to set the price for it. For example, in the period of 2007-2010 Porsche, a car maker from Germany, managed to corner the market in the shares of another German car maker, Volkswagen, which caused the latter to become the most valuable company in the world for a short period of time...
Although that was perfectly legal in Germany, it would be construed as market manipulation and would be illegal in some jurisdictions. The acquiring entity may be forced to make full disclosure of its holdings and would have been forced to make an open offer to public shareholders in some jurisdictions. Short covering was the reason why the price went up in the case you mentioned.
They (Porsche) were trying to take over Volkswagen and even managed to build a 51% holding in the company, hoping to build up a 75% stake, but incurred huge debts and ultimately failed due to the meltdown in the global automotive sector. This fiasco ended in the merger of Porsche into Volkswagen and led to the resignation of their chief executive and financial director...
If you have enough money, you can try to corner the market by buying up a large percentage of the traded commodity (stock) and thus be able to set the price for it. For example, in the period of 2007-2010 Porsche, a car maker from Germany, managed to corner the market in the shares of another German car maker, Volkswagen, which caused the latter to become the most valuable company in the world for a short period of time...
Although that was perfectly legal in Germany, it would be construed as market manipulation and would be illegal in some jurisdictions. The acquiring entity may be forced to make full disclosure of its holdings and would have been forced to make an open offer to public shareholders in some jurisdictions. Short covering was the reason why the price went up in the case you mentioned.
a year ago it was dump and pump but now its more stable.pump&dumps happening but not as frequent as before.but most of the users here for dump&pumps. its kinda gambling
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