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.
Topic: Was Bitcoin actually just a Pump and Dump? - page 20. (Read 45041 times)
*Highly* doubtful.
BTC was being worked on long before it was first released to the public. To that extent, it's taken well more than a decade to get to where we are now. Add that to the fact that the vast amount of BTC known to be mined by Satoshi is unspent, and it all points to BTC being a legitimate project with a long-term scope.
The fact that Satoshi's btc remain unspent, proves imo that it wasn't initially created to be a "pump and dump".BTC was being worked on long before it was first released to the public. To that extent, it's taken well more than a decade to get to where we are now. Add that to the fact that the vast amount of BTC known to be mined by Satoshi is unspent, and it all points to BTC being a legitimate project with a long-term scope.
You mean he waits for the price to be high to dump? What price would he be waiting for?? The Satoshi's addresses are untouched and if they began to be spend the price would go down.
Bitcoin in this period is more Dump than Pump 
. Hope to see a good raise of price within the end of year and the start of the next year 
. Hope to see a good raise of price within the end of year and the start of the next year
Hello m new 
would like to start with Economy.
Bitcoin is definitely no pump and dump if Dell and other big brands are in than it couldn't be and since Computer's have become our daily life there should be a digital currency.
would like to start with Economy.Bitcoin is definitely no pump and dump if Dell and other big brands are in than it couldn't be and since Computer's have become our daily life there should be a digital currency.
*Highly* doubtful.
BTC was being worked on long before it was first released to the public. To that extent, it's taken well more than a decade to get to where we are now. Add that to the fact that the vast amount of BTC known to be mined by Satoshi is unspent, and it all points to BTC being a legitimate project with a long-term scope.
The fact that Satoshi's btc remain unspent, proves imo that it wasn't initially created to be a "pump and dump". BTC was being worked on long before it was first released to the public. To that extent, it's taken well more than a decade to get to where we are now. Add that to the fact that the vast amount of BTC known to be mined by Satoshi is unspent, and it all points to BTC being a legitimate project with a long-term scope.
I agree the concept and potential of bitcoin is endless. It is an international universal currency that is decentralized. The hardest part for bitcoin though is consumer education and the learning curve. Many people have heard of bitcoin whether it be in the news or from friends however they have little interest in it since they do not fully understand its use/potential. Even a lot of the companies that adopt it are just converting to fiat and use bitcoin for profit. For bitcoin to be successful it would need a major event like an ETF in the US stock market.
It used to be decentralized, now is centralized.
Massive farms and a few pools made it that way.
A loads of people heard about bitcoin because it went from 10 dollars to 1100 dollars in no time.
Just a hand full of people became rich with little investment.
Since then everyone that bought bitcoin became a bag holder.
Now there is a bunch of unhappy people waiting for the next pump to get out.
Loads of scams, thefts,no prosecutions. (Karpelles showed everyone else the ropes)
In a real day to day use bitcoin needs at least 10 to 15 years to be adopted by the masses, and that will include the bank system to adopt it.
Karpelles said back in the day just before he stole around 500million dollars worth of bitcoins that Bitcoin was just an experiment.
But time will tell.
I agree the concept and potential of bitcoin is endless. It is an international universal currency that is decentralized. The hardest part for bitcoin though is consumer education and the learning curve. Many people have heard of bitcoin whether it be in the news or from friends however they have little interest in it since they do not fully understand its use/potential. Even a lot of the companies that adopt it are just converting to fiat and use bitcoin for profit. For bitcoin to be successful it would need a major event like an ETF in the US stock market.
I don't think that it will reach 1000$ again. Probably it will stay at 400$ aprox.
I dont agree with thread starter. However, I agree with those who say Bitcoin will continue. Seeing this active forums, market and developers, I'm sure Bitcoin will reach $1000 (again) sometime in 2015.
When
Sometime in early 2015, before June..
I dont agree with thread starter. However, I agree with those who say Bitcoin will continue. Seeing this active forums, market and developers, I'm sure Bitcoin will reach $1000 (again) sometime in 2015.
It will and Bitcoin seems like a safe heaven compared to the USD YEN and EURO that are likely to loose value overtime.
Yes, I agree.
I dont agree with thread starter. However, I agree with those who say Bitcoin will continue. Seeing this active forums, market and developers, I'm sure Bitcoin will reach $1000 (again) sometime in 2015.
It will and Bitcoin seems like a safe heaven compared to the USD YEN and EURO that are likely to loose value overtime.
I dont agree with thread starter. However, I agree with those who say Bitcoin will continue. Seeing this active forums, market and developers, I'm sure Bitcoin will reach $1000 (again) sometime in 2015.
When
I dont agree with thread starter. However, I agree with those who say Bitcoin will continue. Seeing this active forums, market and developers, I'm sure Bitcoin will reach $1000 (again) sometime in 2015.
One day we will be free from the central banking fraudsters... Hopefully bitcoin is that way!
i believe no, it gave new thought about new currency and independence..
^ This is why my team and I are buying full speed ahead... Dumps used to bring us down $100's of dollars now its $20~
Which is basically barely a drop anyway!
Which is basically barely a drop anyway!
It would be dangerous to wait for the price to crash if you think Bitcoin is a great technology and will rise in price because you risk of missing the train!
The 2 human emotions that drive the price of any asset class - fear and greed. Fear that you will miss out on the great bull run and greed that the bull run could take bitcoin to the moon.
You will have to sit down and think about the factors affecting bitcoin's current price.
Very well said.
Never like a coin more than you like yourself.
Some people's lives revolved around bitcoin these days.
I am one of them.
So many businesses have been built around Bitcoin this year and the sales in Bitcoin are much higher than anytime before so it is very bullish for Bitcoin and its price.
Sorry for them
Bitcoin's price is 340$ and now it failed? If it failed the price would be sub 10$
It would be dangerous to wait for the price to crash if you think Bitcoin is a great technology and will rise in price because you risk of missing the train!
The 2 human emotions that drive the price of any asset class - fear and greed. Fear that you will miss out on the great bull run and greed that the bull run could take bitcoin to the moon.
You will have to sit down and think about the factors affecting bitcoin's current price.
Very well said.
Never like a coin more than you like yourself.
Some people's lives revolved around bitcoin these days.
I am one of them.
So many businesses have been built around Bitcoin this year and the sales in Bitcoin are much higher than anytime before so it is very bullish for Bitcoin and its price.
Sorry for them
It would be dangerous to wait for the price to crash if you think Bitcoin is a great technology and will rise in price because you risk of missing the train!
The 2 human emotions that drive the price of any asset class - fear and greed. Fear that you will miss out on the great bull run and greed that the bull run could take bitcoin to the moon.
You will have to sit down and think about the factors affecting bitcoin's current price.
Very well said.
Never like a coin more than you like yourself.
Some people's lives revolved around bitcoin these days.
I am one of them.
So many businesses have been built around Bitcoin this year and the sales in Bitcoin are much higher than anytime before so it is very bullish for Bitcoin and its price.
It would be dangerous to wait for the price to crash if you think Bitcoin is a great technology and will rise in price because you risk of missing the train!
The 2 human emotions that drive the price of any asset class - fear and greed. Fear that you will miss out on the great bull run and greed that the bull run could take bitcoin to the moon.
You will have to sit down and think about the factors affecting bitcoin's current price.
Very well said.
Never like a coin more than you like yourself.
Some people's lives revolved around bitcoin these days.
I am one of them.
No ..bitcoin is here to stay
That is true, Bitcoin will be around forever, no doubt.
Even if it looses all its value will still be around.
Yeah, it will be there forever.
Years may come and Years may go,
But Bitcoin goes on forever.
I don't think it is likely to lose "all" its value. Max I can expect, being very pessimistic is around $100. Still, it will survive. Honestly, I will buy a few if price drops that low, So will many.
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