Was Bitcoin actually just a Pump and Dump? - page 15.

deisik

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Quote from: dothebeats on March 07, 2015, 01:28:18 PM

Quote from: polynesia on March 04, 2015, 11:06:11 AM

Quote from: Baghead on March 03, 2015, 04:14:35 PM

Yes in short btc was and probably still is a pump and dump does that make you want to jump ship? aha i won't i think it is great how it has lasted as long as it has it needs new fools everyday to keep this dream alive and it seems to get it Grin

All markets are built on the old pumps just timing it so you get in before everyone and out before everyone which is easier said than done

Even market experts are unable to time the markets.
Fat chance to any of us trying to do that.

No one can certainly time the market, that's why there are always risks involve in investing. If you can correctly predict what would happen to the market, then you would have lesser to zero risks of having lost on your investment.

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...

randy8777

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Quote from: pereira4 on March 17, 2015, 06:49:43 PM

Quote from: Coinshot on March 16, 2015, 05:36:21 PM

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.

The 1K ATH bubble was not even a pump a dump within itself, it was what people wanted to pay for 1 BTC for a while. Most people are aware that BTC is going to go sky high eventually, they just panicked and panic-bought. But deep down anyone with half a brain knows BTC is going to go 10k+, 2013 was just too early to continue with the uptrend.

the 1k ath was a huge pump and dump. caused mostly by 1 person having 2 bots buying huge loads of coins with fake cash. people that bought coins for 1k at that time were just hoping for something that was impossible to happen. these people lost huge loads of money due to their stupidity.

pereira4

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Quote from: Coinshot on March 16, 2015, 05:36:21 PM

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.

The 1K ATH bubble was not even a pump a dump within itself, it was what people wanted to pay for 1 BTC for a while. Most people are aware that BTC is going to go sky high eventually, they just panicked and panic-bought. But deep down anyone with half a brain knows BTC is going to go 10k+, 2013 was just too early to continue with the uptrend.

Baghead

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Quote from: NotLambchop on March 03, 2015, 09:36:02 AM

Quote from: manselr on March 02, 2015, 02:09:22 PM

Quote from: NotLambchop on March 01, 2015, 11:26:44 AM

Quote from: randy8777 on February 28, 2015, 08:31:43 PM

...
you never know. ...

Nah, you never know. We know, that's why we sodl.

Nope, you sodl and you aren't sure, thats why you keep shitposting here against Bitcoin as a full time job, because you actually think your shitposting will have an impact on the market to make the price go down, as you are scared you did a big mistake by sodling.

Sodling most of my coin afforded me the luxury of not needing a full-time job, my butthurt proletarian friend.
Posting on these fora & educating the great unwashed is merely penance--atonement, if you will, for taking all ur munyz.
If you need any extra educating, you just go ahead and ask. I'm here for you--it's only fair.

Lamb you sound very my like barrabras i have to assume you are him, please correct me if i am wrong.

Op yes bitcoin was pumped to the all time highs and has been decreasing slowly every since it is like a leaky pipe all the way to the last drop of water/cash has been taken then it will vanish.

Not sure i believe that but it sounded good when i said it and it was defiantly a pump and dump but will not vanish this cash cow will be around for ages..

Coinshot

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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.

minerbit hill

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How do you know there isn't federal involvement in trying to discredit Bitcoin? Or banks buying up BTC and manipulating market prices?

specgamer

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I love bitcoins.

I have to admit you have a point here. But I personally think the people who first started bitcoins whether it was like you said or not, they didn't think that bitcoins as the first digital cryptocurrency would have such potential to go this far into the global economy. If i considered what you were saying i guess you're right, bitcoins and all other cryptocurrency is very similar to a pump and dump. After doing research I found out that the trick is that insiders already know the coin in question, so they're buying discreet amounts of it during the hours leading up to this greater pump. When the time comes, and the altcoin is revealed to the public, there's a huge rush to buy the coin and sell at the peak. It's a pure gamble for the majority of people involved, but the guys who already owned the coin can usually make off with a comfortable profit. Even so, the whole pump and dump process only lasts about 10 minutes, and the exchange site cryptsy gets a little overloaded I think, so it gets sketchy for everyone.

This is a great topic for the forum to talk about more in the future.

dothebeats

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Cashback 15%

Quote from: polynesia on March 04, 2015, 11:06:11 AM

Quote from: Baghead on March 03, 2015, 04:14:35 PM

Yes in short btc was and probably still is a pump and dump does that make you want to jump ship? aha i won't i think it is great how it has lasted as long as it has it needs new fools everyday to keep this dream alive and it seems to get it Grin

All markets are built on the old pumps just timing it so you get in before everyone and out before everyone which is easier said than done

Even market experts are unable to time the markets.
Fat chance to any of us trying to do that.

No one can certainly time the market, that's why there are always risks involve in investing. If you can correctly predict what would happen to the market, then you would have lesser to zero risks of having lost on your investment.

resya

sr. member

Activity: 294

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if you look at the BitVC chart this is onbivously a bull trap, but it's the only one showing it clearly. so could be a nice painting, or could be huge pump, we will find out soon

polynesia

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Quote from: Baghead on March 03, 2015, 04:14:35 PM

Yes in short btc was and probably still is a pump and dump does that make you want to jump ship? aha i won't i think it is great how it has lasted as long as it has it needs new fools everyday to keep this dream alive and it seems to get it Grin

All markets are built on the old pumps just timing it so you get in before everyone and out before everyone which is easier said than done

Even market experts are unable to time the markets.
Fat chance to any of us trying to do that.

najzenmajsen

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Activity: 700

Merit: 500

Quote from: MadGamer on October 29, 2014, 11:46:50 AM

Quote from: ninjaskip on October 29, 2014, 11:43:47 AM

Quote from: MadGamer on October 29, 2014, 11:26:57 AM

How you can say that & Satochi didn't even touch his coins on the first place Shocked

How do you know that some guy or old man called satoshi even has any coins?

as far as I know , some people found Satochi's Bitcoin adresses (created on January 2009 (when bitcoin got created) & it still contain the bitcoins) . he certainly mined the first bitcoins

maybe satoshi , accidently deleted his wallet. and the bitcoins may be stuck in the wallet. Roll Eyes

Baghead

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Yes in short btc was and probably still is a pump and dump does that make you want to jump ship? aha i won't i think it is great how it has lasted as long as it has it needs new fools everyday to keep this dream alive and it seems to get it Grin

All markets are built on the old pumps just timing it so you get in before everyone and out before everyone which is easier said than done

Icardi09

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Activity: 476

Merit: 250

I think all of crypto coin just pump-dump scheme
especially altcoins with small cap (and premine, ICO, IPO coins), easy to manipulate.
as for bitcoin, it will be costly to manipulate the price, need a lot of coins and money
and many users here said bitcoin price was skyrocketing in december 2013 because mt.gox pumping the price

kitarohotono

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Quote from: calci on March 01, 2015, 04:44:37 PM

Quote from: kitarohotono on March 01, 2015, 02:29:24 PM

supernet is the future Wink

SUpernet is the past. Didn't a lot of people lose it after BTER went down ? I thought they would claim that to be hacked too

Nobody lost their supernet due bter hack, so stop fudding

oblivi

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Activity: 700

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Quote from: NotLambchop on March 03, 2015, 09:36:02 AM

Quote from: manselr on March 02, 2015, 02:09:22 PM

Quote from: NotLambchop on March 01, 2015, 11:26:44 AM

Quote from: randy8777 on February 28, 2015, 08:31:43 PM

...
you never know. ...

Nah, you never know. We know, that's why we sodl.

Nope, you sodl and you aren't sure, thats why you keep shitposting here against Bitcoin as a full time job, because you actually think your shitposting will have an impact on the market to make the price go down, as you are scared you did a big mistake by sodling.

Sodling most of my coin afforded me the luxury of not needing a full-time job, my butthurt proletarian friend.
Posting on these fora & educating the great unwashed is merely penance--atonement, if you will, for taking all ur munyz.
If you need any extra educating, you just go ahead and ask. I'm here for you--it's only fair.

Lol at selling all of your coins to life a frugal NEET life instead of selling 50% and then waiting 15 years and living like a God. Buy some Kleenex for the future my friend.

NotLambchop

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Merit: 254

Quote from: manselr on March 02, 2015, 02:09:22 PM

Quote from: NotLambchop on March 01, 2015, 11:26:44 AM

Quote from: randy8777 on February 28, 2015, 08:31:43 PM

...
you never know. ...

Nah, you never know. We know, that's why we sodl.

Nope, you sodl and you aren't sure, thats why you keep shitposting here against Bitcoin as a full time job, because you actually think your shitposting will have an impact on the market to make the price go down, as you are scared you did a big mistake by sodling.

Sodling most of my coin afforded me the luxury of not needing a full-time job, my butthurt proletarian friend.
Posting on these fora & educating the great unwashed is merely penance--atonement, if you will, for taking all ur munyz.
If you need any extra educating, you just go ahead and ask. I'm here for you--it's only fair.

polynesia

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Activity: 1358

Merit: 1000

Quote from: randy8777 on February 28, 2015, 08:31:43 PM

Quote from: polynesia on February 28, 2015, 07:13:23 PM

Quote from: picolo on February 28, 2015, 09:35:34 AM

Quote from: leex1528 on January 16, 2015, 10:11:05 AM

What charts say currency (all currency) is a pump and dump? I would love to see them and see why you think that.

If it was sure it was a pump and dump, the price would be zero or close to zero.

We could be the small group of believers, holding up its price.

could be. but the people who hold now can also be the new wealthy elite.
you never know. that's why we hold.

Yup. In 5 years, these satoshis could change your life.
That is a punt I am willing to make.

manselr

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Quote from: NotLambchop on March 01, 2015, 11:26:44 AM

Quote from: randy8777 on February 28, 2015, 08:31:43 PM

...
you never know. ...

Nah, you never know. We know, that's why we sodl.

Nope, you sodl and you aren't sure, thats why you keep shitposting here against Bitcoin as a full time job, because you actually think your shitposting will have an impact on the market to make the price go down, as you are scared you did a big mistake by sodling.

AtheistAKASaneBrain

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Activity: 770

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Quote from: calci on March 01, 2015, 04:44:37 PM

Quote from: kitarohotono on March 01, 2015, 02:29:24 PM

supernet is the future Wink

SUpernet is the past. Didn't a lot of people lose it after BTER went down ? I thought they would claim that to be hacked too

Afaik supernet is still being tested and not released.

calci

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Activity: 168

Merit: 100

www.secondstrade.com - 190% return Binary option

Quote from: kitarohotono on March 01, 2015, 02:29:24 PM

supernet is the future Wink

SUpernet is the past. Didn't a lot of people lose it after BTER went down ? I thought they would claim that to be hacked too

Topic: Was Bitcoin actually just a Pump and Dump? - page 15. (Read 45041 times)