Was Bitcoin actually just a Pump and Dump? - page 21.

ninjask

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Quote from: panju1 on December 13, 2014, 11:34:26 PM

Quote from: picolo on December 13, 2014, 02:30:27 AM

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.

panju1

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Quote from: picolo on December 13, 2014, 02:30:27 AM

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.

gkv9

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Activity: 1246

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!!! RiSe aBovE ThE StoRm !!!

Quote from: ninjask on December 13, 2014, 06:13:45 AM

Whales don't need Bitcoin to crash to get in.
Money makes money, if you pick up a sock for 10 dollars and pump the price to 1100 dollars you doing good.
If you pickup a sock for 500 dollars and pump it to 10000 dollars you making more money by investing more money.
The downside would be to pickup a used sock, whales don't like to wear used socks.

Seems you have a lot of experience in cryptoness... You a whale yourself or what, sharing their thoughts? Tongue

picolo

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Quote from: ninjask on December 13, 2014, 06:13:45 AM

Quote from: manselr on December 12, 2014, 09:17:16 PM

Quote from: BlindMayorBitcorn on December 12, 2014, 08:43:36 PM

Quote from: botany on December 11, 2014, 11:09:55 PM

Quote from: ninjaskip on December 11, 2014, 10:14:40 AM

Quote from: egghead123 on December 11, 2014, 09:35:33 AM

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.

If you don't have miners to process your transaction and bitcoin can't be sent to another address, then effectively it is dead.
I guess if it loses all its value, this will happen.

Hobbyists will be here to pick up the pieces. No big woop I reckon

There are tons of sharks and big whales waiting for Bitcoin to crash real bad to get in real big. It's literally fail prooft.

Whales don't need Bitcoin to crash to get in.
Money makes money, if you pick up a sock for 10 dollars and pump the price to 1100 dollars you doing good.
If you pickup a sock for 500 dollars and pump it to 10000 dollars you making more money by investing more money.
The downside would be to pickup a used sock, whales don't like to wear used socks.

If you think Bitcoin is going to be huge soon, you will buy some. Just 200k-500k$ as some kind of insurance.

ninjask

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Activity: 59

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Quote from: manselr on December 12, 2014, 09:17:16 PM

Quote from: BlindMayorBitcorn on December 12, 2014, 08:43:36 PM

Quote from: botany on December 11, 2014, 11:09:55 PM

Quote from: ninjaskip on December 11, 2014, 10:14:40 AM

Quote from: egghead123 on December 11, 2014, 09:35:33 AM

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.

If you don't have miners to process your transaction and bitcoin can't be sent to another address, then effectively it is dead.
I guess if it loses all its value, this will happen.

Hobbyists will be here to pick up the pieces. No big woop I reckon

There are tons of sharks and big whales waiting for Bitcoin to crash real bad to get in real big. It's literally fail prooft.

Whales don't need Bitcoin to crash to get in.
Money makes money, if you pick up a sock for 10 dollars and pump the price to 1100 dollars you doing good.
If you pickup a sock for 500 dollars and pump it to 10000 dollars you making more money by investing more money.
The downside would be to pickup a used sock, whales don't like to wear used socks.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: manselr on December 12, 2014, 09:17:16 PM

Quote from: BlindMayorBitcorn on December 12, 2014, 08:43:36 PM

Quote from: botany on December 11, 2014, 11:09:55 PM

Quote from: ninjaskip on December 11, 2014, 10:14:40 AM

Quote from: egghead123 on December 11, 2014, 09:35:33 AM

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.

If you don't have miners to process your transaction and bitcoin can't be sent to another address, then effectively it is dead.
I guess if it loses all its value, this will happen.

Hobbyists will be here to pick up the pieces. No big woop I reckon

There are tons of sharks and big whales waiting for Bitcoin to crash real bad to get in real big. It's literally fail prooft.

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!

manselr

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Quote from: BlindMayorBitcorn on December 12, 2014, 08:43:36 PM

Quote from: botany on December 11, 2014, 11:09:55 PM

Quote from: ninjaskip on December 11, 2014, 10:14:40 AM

Quote from: egghead123 on December 11, 2014, 09:35:33 AM

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.

If you don't have miners to process your transaction and bitcoin can't be sent to another address, then effectively it is dead.
I guess if it loses all its value, this will happen.

Hobbyists will be here to pick up the pieces. No big woop I reckon

There are tons of sharks and big whales waiting for Bitcoin to crash real bad to get in real big. It's literally fail prooft.

BlindMayorBitcorn

legendary

Activity: 1260

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Quote from: botany on December 11, 2014, 11:09:55 PM

Quote from: ninjaskip on December 11, 2014, 10:14:40 AM

Quote from: egghead123 on December 11, 2014, 09:35:33 AM

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.

If you don't have miners to process your transaction and bitcoin can't be sent to another address, then effectively it is dead.
I guess if it loses all its value, this will happen.

Hobbyists will be here to pick up the pieces. No big woop I reckon

botany

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Activity: 1582

Merit: 1064

Quote from: ninjaskip on December 11, 2014, 10:14:40 AM

Quote from: egghead123 on December 11, 2014, 09:35:33 AM

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.

If you don't have miners to process your transaction and bitcoin can't be sent to another address, then effectively it is dead.
I guess if it loses all its value, this will happen.

thejaytiesto

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Activity: 1358

Merit: 1014

Quote from: ninjaskip on December 11, 2014, 08:52:53 AM

Quote from: ?? on ??

I'm sure if that's true. Bitcoin already dead by now Grin

But, there are already many people accept & use bitcoin as currency

And i think Pump & Dump just because good & bad news only.
Our life is Pump & Dump too

WITH STOCKS, (AND THIS APPLIES TO BITCOIN) WHEN A PUMP AND DUMP HAPPENS THAT STOCK IS DEAD.
WHY?
BECAUSE WHOEVER PUMPED AND DUMPED GETS TO WALK AWAY WITH A BIG PROFIT AND GETS TO KEEP A LOT OF STOCKS (OR BITCOINS IN THIS CASE) SO NO OTHER INVESTOR WILL PUT THEIR MONEY DOWN, AS THE STOCK IS UNDER CONTROL OF THE FIRST INVESTOR.
THE ONLY THING THAT THEY CAN DO IS TRY TO SELL IT TO THE MASSES, SO TO US.
ALL THE PUBLICITY, MEDIA, ACCEPTANCE OF BITCOIN IS JUST SELLING POINTS, AS PART OF THE INVESTMENT TO SELL.
WE WILL SEE BITCOIN GOING DOWN AND WHOEVER IS HOLDING WILL ALSO GO AROUND SUPPORTING IT, IS NATURAL.
BUT REALITY IS THAT IS ON THE DOWNSIDE FOR GOOD.

Calm down on the caps there buddy. Listen, if someone cash outs big time, so what? that means these Bitcoins went to someone else. Yeah, the price keeps going down, but we have intelligent people that think low term such as me, so whenever Bitcoin goes TOO LOW people like me will go in big big time pushin the price up again.

DOGEYOLO

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Disagree that plan extended all the way from SR...

but you'd have to be dumb not to believe that wealthy individuals accumulated, pumped, and dumped BTC. The different Altcoins were also pretty obvious in that they were created to deceive folks into buying what could be the next BTC.

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"

ninjaskip

sr. member

Activity: 574

Merit: 250

Quote from: egghead123 on December 11, 2014, 09:35:33 AM

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.

egghead123

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Activity: 1330

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No ..bitcoin is here to stay

ninjaskip

sr. member

Activity: 574

Merit: 250

Quote from: ?? on ??

I'm sure if that's true. Bitcoin already dead by now Grin

But, there are already many people accept & use bitcoin as currency

And i think Pump & Dump just because good & bad news only.
Our life is Pump & Dump too

WITH STOCKS, (AND THIS APPLIES TO BITCOIN) WHEN A PUMP AND DUMP HAPPENS THAT STOCK IS DEAD.
WHY?
BECAUSE WHOEVER PUMPED AND DUMPED GETS TO WALK AWAY WITH A BIG PROFIT AND GETS TO KEEP A LOT OF STOCKS (OR BITCOINS IN THIS CASE) SO NO OTHER INVESTOR WILL PUT THEIR MONEY DOWN, AS THE STOCK IS UNDER CONTROL OF THE FIRST INVESTOR.
THE ONLY THING THAT THEY CAN DO IS TRY TO SELL IT TO THE MASSES, SO TO US.
ALL THE PUBLICITY, MEDIA, ACCEPTANCE OF BITCOIN IS JUST SELLING POINTS, AS PART OF THE INVESTMENT TO SELL.
WE WILL SEE BITCOIN GOING DOWN AND WHOEVER IS HOLDING WILL ALSO GO AROUND SUPPORTING IT, IS NATURAL.
BUT REALITY IS THAT IS ON THE DOWNSIDE FOR GOOD.

socoban

sr. member

Activity: 314

Merit: 250

Guys this site is tracking every single bitcoin related article from top news sites http://www.cryptoreading.com/ with updates every hour from google news. It says there were 38,000 unique articles about bitcoin last 12 months tracked by google news. Google news takes articles only from very serious sources. This means 38,000 serious articles last 12 months. This is huge. BTC is huge. Doesn't matter if BTC was pump&dump, it will not die, not now. It is getting mainstream with few articles published every hour in top media. This is the future, and the price drop is just a correction after huge pump from last november.

BillyBobZorton

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Quote from: ninjaskip on December 10, 2014, 12:36:48 PM

Quote from: botany on December 10, 2014, 07:38:22 AM

Quote from: ninjaskip on December 09, 2014, 12:25:06 PM

Quote from: leex1528 on December 09, 2014, 11:09:04 AM

Quote from: ninjaskip on December 09, 2014, 10:17:17 AM

The pump started with bitcoin to around 200US dollars, this is when investors started to pump it, they obviously had(and still have) millions of bitcoins to dump in a period of , let's say, a couple of years.

It all started over a year ago, in November 2013, from 200 US dollars to 1143 US dollars in 30 days.
I wouldn't invest in Bitcoin until it reaches 100US dollars or below.

If it goes down to $100, I wouldn't invest, for fear of crashing at that point(Which is a possibility despite what everyone says) Anyway heres to hoping this back up next year.

My prediction is 80US dollars low.

I don't think it will ever go to 80 USD. That boat has sailed.
When the price drops further, it would provide wonderful buying opportunities to people like Tim Draper. This will provide additional support.

We will have to wait and see, bitcoin price still heading to 10k Draper said< big fail.

It doesn't even matter if it crashes to 1$. It's in everyone's mind (everyone that is half intelligent) that bitcoin will be a disruptive technology in the future. 1$ would just mean another lifetime change to not miss the boat again and enter big time, just a re-distribution of bitcoins from non believers to believers.

ninjaskip

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Activity: 574

Merit: 250

Quote from: botany on December 10, 2014, 07:38:22 AM

Quote from: ninjaskip on December 09, 2014, 12:25:06 PM

Quote from: leex1528 on December 09, 2014, 11:09:04 AM

Quote from: ninjaskip on December 09, 2014, 10:17:17 AM

The pump started with bitcoin to around 200US dollars, this is when investors started to pump it, they obviously had(and still have) millions of bitcoins to dump in a period of , let's say, a couple of years.

It all started over a year ago, in November 2013, from 200 US dollars to 1143 US dollars in 30 days.
I wouldn't invest in Bitcoin until it reaches 100US dollars or below.

If it goes down to $100, I wouldn't invest, for fear of crashing at that point(Which is a possibility despite what everyone says) Anyway heres to hoping this back up next year.

My prediction is 80US dollars low.

I don't think it will ever go to 80 USD. That boat has sailed.
When the price drops further, it would provide wonderful buying opportunities to people like Tim Draper. This will provide additional support.

We will have to wait and see, bitcoin price still heading to 10k Draper said< big fail.

botany

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Activity: 1582

Merit: 1064

Quote from: ninjaskip on December 09, 2014, 12:25:06 PM

Quote from: leex1528 on December 09, 2014, 11:09:04 AM

Quote from: ninjaskip on December 09, 2014, 10:17:17 AM

The pump started with bitcoin to around 200US dollars, this is when investors started to pump it, they obviously had(and still have) millions of bitcoins to dump in a period of , let's say, a couple of years.

It all started over a year ago, in November 2013, from 200 US dollars to 1143 US dollars in 30 days.
I wouldn't invest in Bitcoin until it reaches 100US dollars or below.

If it goes down to $100, I wouldn't invest, for fear of crashing at that point(Which is a possibility despite what everyone says) Anyway heres to hoping this back up next year.

My prediction is 80US dollars low.

I don't think it will ever go to 80 USD. That boat has sailed.
When the price drops further, it would provide wonderful buying opportunities to people like Tim Draper. This will provide additional support.

ninjaskip

sr. member

Activity: 574

Merit: 250

Quote from: leex1528 on December 09, 2014, 11:09:04 AM

Quote from: ninjaskip on December 09, 2014, 10:17:17 AM

The pump started with bitcoin to around 200US dollars, this is when investors started to pump it, they obviously had(and still have) millions of bitcoins to dump in a period of , let's say, a couple of years.

It all started over a year ago, in November 2013, from 200 US dollars to 1143 US dollars in 30 days.
I wouldn't invest in Bitcoin until it reaches 100US dollars or below.

If it goes down to $100, I wouldn't invest, for fear of crashing at that point(Which is a possibility despite what everyone says) Anyway heres to hoping this back up next year.

My prediction is 80US dollars low.

leex1528

hero member

Activity: 784

Merit: 1000

Quote from: ninjaskip on December 09, 2014, 10:17:17 AM

The pump started with bitcoin to around 200US dollars, this is when investors started to pump it, they obviously had(and still have) millions of bitcoins to dump in a period of , let's say, a couple of years.

It all started over a year ago, in November 2013, from 200 US dollars to 1143 US dollars in 30 days.
I wouldn't invest in Bitcoin until it reaches 100US dollars or below.

If it goes down to $100, I wouldn't invest, for fear of crashing at that point(Which is a possibility despite what everyone says) Anyway heres to hoping this back up next year.

Topic: Was Bitcoin actually just a Pump and Dump? - page 21. (Read 45041 times)