Topic: Was Bitcoin actually just a Pump and Dump? - page 25. (Read 45041 times)

If you don't have the patience or the common sense to HODL & look to the future then maybe yes.

If you want to get rich quick BTC is not the game for you.

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

Plenty question... i just don't think anybody knows who with proof.

At a raised level of abstraction, it is all about desire, it does not matter what kind of form it takes to satisfy a desire, the stronger the desire, the higher the valuation

Much less than that, most of the daily volume are generated by trading bots, a couple of thousand coin were net supplied and digested by the investors around the world. This makes the system very volatile short term wise

Such a learned n00b. You catch on fast

It will not destroy exchanges today. There might be some slippage, but that can be minimized by breaking up your trade.

The volume to maintain the price is around 20million US/24hr, the volume to manipulate the price up and down is around 50million US/24hr.
Is funny that no one questions who is behind this manipulation.

30,000 coins @ 9 million USD total didn't cause any harm. Just a what was it 6 day feeding frenzy?

3 Million won't cause any harm this days i think.

Hehe, yes. It's just a whale play, because a payment system with this liquidity = complete rubbish. Say you want to transfer a 3million USD via bitcoin, buying/selling that small of a volume will destroy most exchanges.

If gold is worth anything its because it is hard to change especially from its obvious makeup.   Its not even especially useful hence its not subject to business trends

Lies deception, theft even and most evidently is cheap money, huge leverage by the banks on all sorts of assets.   When bills are totaled we find those banks didnt even have the money to own these assets outright.  I agree these are ongoing themes but it doesnt make gold or the assets all a pump and dump scheme.
To outright call something as dump worthy is that it has no underlying worth.   The biggest thing right now is this money is provided falsely by government to big banks through their positions as primary dealers, they are involved in QE.   So they obtain cash and influence prices to the point of inaccuracy, bubbles - the conclusion to this is not that everything is worthless and false but that cash or the dollars provided are not correct.   The biggest flaw is currency itself, not that every asset is now false

Bitcoin trading has flaws ?  totally normal, the only thing really important is the central registry reflects those transactions so every participant has an equal opportunity to observe and compete

No I dont think thats the case, unless we talking blow up dolls then there is much more dynamics to the 'pretty girls' thing then just a false perception and let down/collapse in interest.  Obviously we know human interaction and attraction would relate to much more long term dynamics within the human race then 'pricing'.

Silly example, but say gold is not a pump and dump and people dont acknowledge this but its popular now and previously over time for good reason.  There are real repeatable dynamics behind why is gold valued.  At worst its chemical and physical structure is known and intact now as it will be in future, very simple case but that part is a solid dynamic not a pump.
    The iphone has a utility, it might be an expensive trinket but also achieves far more cheaply and compactly a number of tasks that humans were already attempting to do on a daily basis, say navigation.   Thats not a pump and dump, prices can vary but we are not talking a complete falsehood to the apple trend

Even something as undefinable as religion, people have been worshipping stuff in the sky for thousands of years.   We are talking a repeatable human phenomena there, for whatever reason this area represents something of value to people, has and will do.     A completely false dynamic it is not then.

Fiat currency on the other hand is possibly most guilty or increasingly guilty of not relating to anything of value.  A falsehood or deception, at present there are misconceptions in dollar value and this is something which could collapse.  Ultimately it is just ink and paper, the rest is presumed and relied on to have a structure to it.


The most solid thing about a house is the land value.   You could say its a pump and pump in that the house will fall down some time, certainly prices vary but it has a base use especially if the land is owned.   The most wishy washy, pumped short term and vulnerable to perception change of all your examples is fiat money and it could be worthless most easily also I believe

It is and will always be a pump and dump. The higher the price become more difficult will it be to manipulate and the percentage swings will lessen.

No but it definitely did get a good pump before a good dump..maybe its time to pump it again?Bitcoin is just Bitcoin a completely decentralised entity that has no control over who buys or sells it.It doesnt really care so you are free to buy or pump sell or dump anytime.Bitcoin ain't to blame for human nature.

She be pumping right now!  Look out.  China rising.

Agree. Wathing the charts, and considering the movement of the market in the past year we can see the similarity. Maby in the purst few months of 2015 we will see a new spike.

it's having a hard time to turn bullish on the daily atm

its been doing for the past months is going down thought lol