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Topic: Was Bitcoin actually just a Pump and Dump? - page 19. (Read 45041 times)

hero member
Activity: 1022
Merit: 500
December 23, 2014, 05:16:38 AM
Everybody knows the fight was fixed. The poor stay poor and the rich get rich. That's how it goes, and everybody know.

Among the early adopters, probably less than 1% was already rich. Most had sold when it reached 10$ or 30$ then when it reached 100$ or 300$ but Bitcoin has value so you have to exchange it against something else of value. Exchanging 320$ of fiat against a whole Bitcoin seems like a great deal!
sr. member
Activity: 294
Merit: 250
December 22, 2014, 09:01:30 PM
Bitcoin is purely pump and dump but haters misses point below;

It is nowhere near of ending his life. This is a basic scheme guys, lather, rinse and repeat. Just be patient. There are always more stupid ones than you in world. It's the main principle of Ponzi schemes. If I could die, I would be dead 2 years ago. Look now, microsoft accepts it. This means bitcoin has more way to go.

I can't blame bitcoin as a whole for being a Ponzi scheme, it has some genious points but it absolutely seems like Ponzi.

Ponzi? Are you serious? Do you know the meaning of ponzi? Coz for me bitcoin has so many purpose not just an investment.
legendary
Activity: 1260
Merit: 1116
December 22, 2014, 07:24:29 PM
Everybody knows the fight was fixed. The poor stay poor and the rich get rich. That's how it goes, and everybody knows.
full member
Activity: 189
Merit: 100
December 22, 2014, 11:33:31 AM
Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   Smiley
Blockchain tech will live on but bitcoin was just a bubble   Smiley
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   Smiley
You believers are 2 years late
You'll just have to look at the maximum amount of bitcoins that can exist and at the amount of bitcoins that are currently not being used.
Compared to any other currency there is simply not that many bitcoins. If 1$ was a realistic price for bitcoins, there could never be more
than 22 million $ invested in BTC. If you just look at how many people own 22 million, the only way for bitcoin's price to be 1-5$ would be if it
totally lost relevance. If that happened it wouldn't stay @ that price though, but go down to pretty much nothing. So even if Bitcoin loses relevance,
I don't ever see if stay in the 1-5$ field for more than a few days before it would crash completely.
The more likely option is still that it will simply go up as it gains relevance, which I think we all hope.
sr. member
Activity: 420
Merit: 250
December 22, 2014, 10:26:40 AM
We will not hit $10,000 in 6 months... Keep dreaming!  that will be like 5-10 years away.
hero member
Activity: 1022
Merit: 500
December 21, 2014, 03:05:48 PM
Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   Smiley
Blockchain tech will live on but bitcoin was just a bubble   Smiley
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   Smiley
You believers are 2 years late

We have been over 5$ for so long and so much has been accomplished that 10,000$ is more likely than 5$ in a 6month span.
sr. member
Activity: 574
Merit: 250
December 21, 2014, 08:31:54 AM
Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   Smiley
Blockchain tech will live on but bitcoin was just a bubble   Smiley
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   Smiley
You believers are 2 years late

I do agree with you, 2 to 3 years late.
sr. member
Activity: 252
Merit: 250
December 20, 2014, 10:20:26 AM
Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   Smiley
Blockchain tech will live on but bitcoin was just a bubble   Smiley
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   Smiley
You believers are 2 years late
sr. member
Activity: 252
Merit: 250
December 20, 2014, 10:15:33 AM
Bitcoin worth if its price will increase upto $1000 and we can make profit from it.

People who sell at 1000$ will be very happy to get their 30%-200% profit but they will buy back at a few thousands Dollars or look the price go up to 20,000$ and more while they are not invested.

Keep believing  Smiley But don't invest money you can't afford lost  Smiley
hero member
Activity: 1022
Merit: 500
December 20, 2014, 09:44:47 AM
So we gettin a nice little increase at the moment. Let's see how high we will go. I think not that much.Something like 350$ I guess. This year not much will happen anymore. But a bottom somewhere around 200$ I don't believe in.Let's hope we can stay somewhere around 320-350$ over christmas.That would be nice.If it goes higher I'm happy.

400$ for Christmas then 500$ for New year and a huge rally to a new ATH would be nice. 320-350$ is what we already have Grin
legendary
Activity: 1442
Merit: 1016
December 20, 2014, 05:02:19 AM
So we gettin a nice little increase at the moment. Let's see how high we will go. I think not that much.Something like 350$ I guess. This year not much will happen anymore. But a bottom somewhere around 200$ I don't believe in.Let's hope we can stay somewhere around 320-350$ over christmas.That would be nice.If it goes higher I'm happy.
hero member
Activity: 1022
Merit: 500
December 20, 2014, 04:34:22 AM
Bitcoin worth if its price will increase upto $1000 and we can make profit from it.

People who sell at 1000$ will be very happy to get their 30%-200% profit but they will buy back at a few thousands Dollars or look the price go up to 20,000$ and more while they are not invested.
full member
Activity: 147
Merit: 100
December 20, 2014, 04:07:17 AM
Bitcoin worth if its price will increase upto $1000 and we can make profit from it.
hero member
Activity: 1022
Merit: 500
December 20, 2014, 03:54:19 AM
I thought 100 was a possible reset area because its roughly where it launched from last year.    If it was to reverse typically it would be very brief and alot of volume.  A quote from George Soros is, Volatility is greatest at turning points, diminishing as a new trend becomes established.  Also volume usually spikes however its often very hard to tell at the time

We are not in early 2013, a lot has happened. 100$ seems very low.

Anyone think Bitcoin will go below 100 in the next 2 months? 

If people panic sell we could see new lows of 270$ 240$ or maybe a bit lower but it is likely that we will go up amha.
STT
legendary
Activity: 4102
Merit: 1454
December 20, 2014, 12:18:56 AM
I thought 100 was a possible reset area because its roughly where it launched from last year.    If it was to reverse typically it would be very brief and alot of volume.  A quote from George Soros is, Volatility is greatest at turning points, diminishing as a new trend becomes established.  Also volume usually spikes however its often very hard to tell at the time
sr. member
Activity: 574
Merit: 250
December 19, 2014, 10:29:54 AM
Anyone think Bitcoin will go below 100 in the next 2 months? 
Not sure when but i think it will go below 100 before mid 2015.
hero member
Activity: 784
Merit: 1000
December 19, 2014, 09:00:03 AM
Anyone think Bitcoin will go below 100 in the next 2 months? 
hero member
Activity: 1022
Merit: 500
December 19, 2014, 05:42:27 AM
It was when bitcoin went from $200 to $400 in days. At that point, all price economics went out the window and hello to the big owners with their market skimming and influencing forces.

When the price goes down people get depressed and pessimistic and sell. When the price will go up again while the US economy will go to the toilets, excitation and greed will prop up the price to (relative) high levels.
hero member
Activity: 560
Merit: 502
December 19, 2014, 01:33:48 AM
It was when bitcoin went from $200 to $400 in days. At that point, all price economics went out the window and hello to the big owners with their market skimming and influencing forces.
hero member
Activity: 1022
Merit: 500
December 19, 2014, 12:07:06 AM
No. Bitcoin is a brilliant invention that can change the world like the internet did.

However, it is being destroyed by criminals: private scammers and government scammers.

Without them, price would be well over $10 000 today.

Commodity prices are going down but they will go back up as fiat is created and Demand stays solid; it is a temporary set back.
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