Was Bitcoin actually just a Pump and Dump? - page 23.

arieq

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Quote from: JackdiFiori on December 02, 2014, 04:32:47 PM

Quote from: rogerdonkey on December 02, 2014, 04:10:51 PM

i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.

Would be great, but I don't think so.. at least not for the next year.

There are hundreds of billions of dollars in the world and bitcoin only a few million. Paypal adding it, big companies are starting to accept it, use your head, bitcoin is going only up

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Quote from: rogerdonkey on December 02, 2014, 04:10:51 PM

i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.

This predictions were for December. I don't think that happens so soon.

ninjaskip

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Quote from: azguard on December 03, 2014, 02:21:24 AM

Quote from: JackdiFiori on December 02, 2014, 04:32:47 PM

Quote from: rogerdonkey on December 02, 2014, 04:10:51 PM

i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.

Would be great, but I don't think so.. at least not for the next year.

you can expect that price but no before 2016 in my opinion when halving occur.
only if something happen big price can change.

Bitcoin has been a big loss to anyone that invested from early this year, but you can only learn a trade when you put your money down.

azguard

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Quote from: JackdiFiori on December 02, 2014, 04:32:47 PM

Quote from: rogerdonkey on December 02, 2014, 04:10:51 PM

i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.

Would be great, but I don't think so.. at least not for the next year.

you can expect that price but no before 2016 in my opinion when halving occur.
only if something happen big price can change.

TonyT

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Some economists have opined on BTC.

Translation of the below paper: good news and bad news about Bitcoin.

Good news: Bitcoin is here to stay, as you will always be able to use it in the black market.

Bad news: governments will regulate it so it remains in the black market.

TonyT

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2531518

The Political Economy of Bitcoin
November 28, 2014
Abstract
The recent proliferation of bitcoin has been a boon for users but might pose problems for govern-
ments. Indeed, some governments have already taken steps to ban or discourage the use of bitcoin.
In a model with endogenous matching and random consumption preferences, we find multiple mon-
etary equilibria including one in which bitcoin coexists with regular currency. We then identify the
conditions under which government transactions policy might deter the use of bitcoin. We show that
such a policy becomes more difficult if some users strictly prefer bitcoin because they can avoid other
users holding currency in the matching process.

Tirapon

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Was the USD actually just a pump and dump?

LOBSTER

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Quote from: JackdiFiori on December 02, 2014, 04:32:47 PM

Quote from: rogerdonkey on December 02, 2014, 04:10:51 PM

i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.

Would be great, but I don't think so.. at least not for the next year.

It can be just go up or down. In my opinion, the price will go up. I think 2015 is the year of the Bitcoin. 1500$ incoming!

JackdiFiori

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Quote from: rogerdonkey on December 02, 2014, 04:10:51 PM

i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.

Would be great, but I don't think so.. at least not for the next year.

rogerdonkey

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i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.

bajlox

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Quote from: ninjaskip on November 18, 2014, 12:37:20 PM

So we pretty much all agreed it is a pump and dump game.

Yes it always pump and dump. We are all small fish in big blue sea.
But if were in right time and place we can make some cash.

But only when this pump and dump is over.

djokica

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Quote from: BlindMayorBitcorn on November 27, 2014, 10:01:46 PM

Was Ripple actually just a Pump and Dump?

Yes. Just that. Like all other coin.

azguard

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Quote from: Atdhe on November 30, 2014, 03:36:25 PM

I do not know if money is good for society or not. I do not know if society is good or should be improved by better money etc.

BTC is better money for few minor reasons and one main. There is no issuer of the money and money equals trust. Fiat money is trust as well, but only until economics goes wrong. hen the issuer of the money, which is conglomerate state/central bank/banks, starts with the bullshit called "monetary policy" and the fiat money is not only the trust of people and their debt, but also some wishful thinking of the conglomerate. Money then stop to be pure money (debt), but it is mixed with other influences.

All this can be happen and takes time.
But for minor reason this wont be replacement for real money cuz in my opinion banks will loose huge amount cuz very cheap transaction in any crypto.

Atdhe

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Atdhe Nuhiu

I do not know if money is good for society or not. I do not know if society is good or should be improved by better money etc.

BTC is better money for few minor reasons and one main. There is no issuer of the money and money equals trust. Fiat money is trust as well, but only until economics goes wrong. hen the issuer of the money, which is conglomerate state/central bank/banks, starts with the bullshit called "monetary policy" and the fiat money is not only the trust of people and their debt, but also some wishful thinking of the conglomerate. Money then stop to be pure money (debt), but it is mixed with other influences.

BTC is much better money, because it can serve as much better money. All the leftists that naively hope in better world and society because of cryptocurrencies will cry. The society with BTC as currency will be much more rough and much more polarised. Society today works as society, because the weak people who do bad decisions, do not pay full price for the decisions. It will change with BTC-economy. It is not just that you can not reverse BTC payment, that is just small and funny side story.

People in BTC economy will eat their financial karma to the bitter end. It is starting even now and BTC is not yet full currency.

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Quote from: Atdhe on November 30, 2014, 02:59:08 PM

The original idea, that BTC is the money without greed essence, was idea of stupid post-hippies. That was the only problem. The same problem that repeats over and over in history and all revolutions.

BTC is money. Better money, much better money, but still money. From the beginning it was driven by human greed and human greed and free trade made the BTC so strong now and will make it even stronger in future.

The people who dreamt about better world served as useful idiots from the beginning, I agree with that, but there was no masterplan behind it. History is always like that.

It is better money for the users, but also for the society, as it jerks the rug under the banksters.

Atdhe

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Atdhe Nuhiu

The original idea, that BTC is the money without greed essence, was idea of stupid post-hippies. That was the only problem. The same problem that repeats over and over in history and all revolutions.

BTC is money. Better money, much better money, but still money. From the beginning it was driven by human greed and human greed and free trade made the BTC so strong now and will make it even stronger in future.

The people who dreamt about better world served as useful idiots from the beginning, I agree with that, but there was no masterplan behind it. History is always like that.

arieq

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Quote from: azguard on November 29, 2014, 04:45:26 AM

We all see price goes up and down.
When small changes are made we say that is pumping and dumping.
And when is huge we say manipulating.

My prediction is, People who have bitcoins now will be rich someday if something happens in the world where bitcoin will be useful and needed. Till then, people with bitcoin now will keep seeing the price go up and down by manipulation of whales.

STT

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Quote from: sonofacoin on November 29, 2014, 03:18:13 AM

Quote from: Enfield on October 29, 2014, 11:58:56 AM

No. If this was the case Satoshi would have dumped his coins and bought his own island by now. That's not to say he wont dump them in the future but there's always the risk.

Someone has to hoard coins to make them valuable... if the bank hoarded Camel shit... it will too become a priced object...

Imagine all those taxes on buying or having a camel... and camel food taxes and prices... Let alone the risks of having a camel as a mascot...

Camel shit would be the gold standard.

I guess you were joking but the example doesnt apply at all. Just on basic supply and demand, there is a very large supply of camel crap so a bank would need to store giant amounts.
Im going to blow your mind right now and say you have accidentally named a tradable commodity, apparently animal dung can be used as a fuel for fires. It is possible that people do store, sell and use it as something of value, not in the west but where animals commonly the most valuable assets people own then yes it could be a kind of loose currency.

It does not compare to gold as it naturally degrades over time and as said above the supply demand is not good for long term price stability and wealth accumulation is unlikely to say the least! Its also used to coat houses I think, animals eat alot of grass which makes it a building material also. Sorry for anyone grossed out Cheesy

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ninjaskip

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Quote from: clubsofsteel on November 29, 2014, 05:05:36 AM

all signs point to no bc satoshi still has thousands of btc in a wallet

Satoshi was the nickname of the hacker that created Bitcoin.

In Japanese, Satoshi means “clear-thinking” or “wise”.

I doubt he holds the biggest amount of bitcoin.

clubsofsteel

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all signs point to no bc satoshi still has thousands of btc in a wallet

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