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Topic: Was Bitcoin actually just a Pump and Dump? - page 3. (Read 45041 times)

hero member
Activity: 882
Merit: 500
November 11, 2017, 07:55:40 AM
I do not think this is all due to the natural factor of market law, we all know that bitcoin is decentralized so that what happens in the market will greatly affect its price, bitcoin is different from stock or commodity because it can still be controlled.
I don’t really think so that bitcoin is just pump and dump. Pump and dump is just one of the quality attribute which bitcoin is having. I think of this concept of pump and dump as the real beauty of bitcoin. It is because of the reason that this is the only thing which is helping this much number of people to earn a very good amount of money. It all depends on the person like how much sharp minded person he is.
newbie
Activity: 36
Merit: 0
November 10, 2017, 02:40:40 PM
if Some one ask you to draw bitcoin at 2017 will make down and up shape so that this is normal thing  fell good price back fast
hero member
Activity: 868
Merit: 535
November 10, 2017, 12:04:58 PM
So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.


Years after the one who made this thread, you can see that Bitcoins is not just a pump and dump. Now, you should know how well it is doing; in fact, it obviously withstood the test of time whilst retaining its business model. The times have adapted to its birth, and not the other way around. It is worth noting that it did not bow down to any governmental regulations; it is the other way around. I guess more and more people believe that Bitcoin is the future, hence, there is no stopping it. And to conclude my piece, it is not just a pump and dump because it is a valuable asset just like any other investments whose value may increase or decrease depending on both internal and external circumstances.
member
Activity: 182
Merit: 11
November 10, 2017, 11:40:43 AM
If this is all a special order, then I can say that it did not succeed. Because bitcoin spun 7-8 years before it reached such heights. And now it is a free sailing ship. And scammers at all times enough, because no one has canceled at this time pickpockets on the street or casinos, which deceived people for centuries?
sr. member
Activity: 756
Merit: 252
November 10, 2017, 11:20:32 AM
So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.
full member
Activity: 518
Merit: 103
November 09, 2017, 08:59:37 PM
No, bitcoin is not just pump and dump, i think there is a misconception here, it is true that bitcoin is an investment, and certainly it will be compared to the stock market, in which we mostly see the pump and dump method being used so the price of their stocks will rise, but bitcoin is not just som company listed in the stock market for it to be valued, bitcoin is currency, and just like any currency, you can see its value if you check its buying power,i think people are forgetting that bitcoin is also used for transactions. The value of bitcoin also relies on the law of supply and demand, but that doesn't mean, you need to pump and dump it, it just shows that more and more people are using bitcoin in their daily lives.
full member
Activity: 237
Merit: 100
November 09, 2017, 07:03:49 PM
It is more than just pump and dump and bull runs. Bitcoin is becoming a platform that everyone is adapting. Soon enough we will now if all the hard work pays off or not. So far it has been good and it is really getting better.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
November 09, 2017, 09:43:25 AM
I am not saying that this is impossible but pumping and dumping bitcoin is highly unlikely.  First there are a lot of coins that are really cheap that they can pump and dump. Second pumping and dumping bitcoin will take billions to influence the market. Third there are a lot of bitcoin investors who are already educated with the bitcoin projection, even though Bitcoin price drops this people  will not  panic sell they will just hold it. There are a lot of assets like stocks, commodities or alt coins that they can pump and dump so bitcoin is most likely they will avoid.

If they can pump and dump bitcoin most likely this are group of filthy rich , influential and very greedy people.  
The pump and dump in the cryptocurrency market like bitcoin is very possible because since it is decentralized then there are no basis for the possible movement or there are no patterns that the bitcoin market is following because it is completely dependent to the demand of the people in the market. It doesn't mean that if it is expensive then the pump and dump is not possible because pump and dump is applicable to all of the markets and kinds of stocks like cryptocurrencies.
Bitcoin has the pump and dump, you have to remember there's no reason can makes the price of Bitcoin increased to $6,000 and keep its price until today. The price of Bitcoin controlled by the whale, therefore, when they don't want to the price of Bitcoin decreases, they buy a huge amount of Bitcoin and create the bullish trend in the market.
I do not think that whales can create bullish trends, they will need to invest more money in bitcoin at bad prices and that is not what they do, what they are experts in doing is in dumping the price of bitcoin thanks to their huge stashes of coins then when the price gets that low they buy their bitcoin at cheaper prices than the price they sold.
Bullish trend is possible but knowing whales they wont really do such thing since they are just the sparkler of a certain price manipulation either on dump or pump scheme. In altcoins its possible but talking on bitcoin then its an another story no matter how big their stashes is .Price cant really be affected too much unless if they hold hundreds of thousands then its possible.
Whales in bitcoin are not a small timer and you don't need to doubt about the whales in bitcoin to control the market because they sure have a lot of bitcoin and money that is ready for trading and manipulating the market but as of now, i think that they are on the side of being bullish and they are just keep helping the market to go up even higher.
newbie
Activity: 5
Merit: 0
November 09, 2017, 09:42:45 AM
Do you imply total coins offered or the quantity we want to increase?
full member
Activity: 644
Merit: 117
swing!
November 09, 2017, 09:31:05 AM
Hmm it's not entirely false on your thoughts and the market seems skeptical to be that good, if everything you say is a good round scam, there wouldn't that much new business opportunities build upon cryptocurrency, i'm confident that not every crypto groups are just scammers waiting for that 'moment' to leave everything off. Even bitcoin itself is a scam but still the the advantage of blockchain tech is solid and would be used for future development like how different ICOs do, with this i am confident that the cryptocurrency industry would continue to grow even event like 'Internet Bubble' happened, it's just a stage for things to get mature and people starting buy them back.
newbie
Activity: 4
Merit: 0
November 09, 2017, 09:22:36 AM
suprnet may be the long terme
hero member
Activity: 3010
Merit: 794
November 09, 2017, 07:31:12 AM
I am not saying that this is impossible but pumping and dumping bitcoin is highly unlikely.  First there are a lot of coins that are really cheap that they can pump and dump. Second pumping and dumping bitcoin will take billions to influence the market. Third there are a lot of bitcoin investors who are already educated with the bitcoin projection, even though Bitcoin price drops this people  will not  panic sell they will just hold it. There are a lot of assets like stocks, commodities or alt coins that they can pump and dump so bitcoin is most likely they will avoid.

If they can pump and dump bitcoin most likely this are group of filthy rich , influential and very greedy people.  
The pump and dump in the cryptocurrency market like bitcoin is very possible because since it is decentralized then there are no basis for the possible movement or there are no patterns that the bitcoin market is following because it is completely dependent to the demand of the people in the market. It doesn't mean that if it is expensive then the pump and dump is not possible because pump and dump is applicable to all of the markets and kinds of stocks like cryptocurrencies.
Bitcoin has the pump and dump, you have to remember there's no reason can makes the price of Bitcoin increased to $6,000 and keep its price until today. The price of Bitcoin controlled by the whale, therefore, when they don't want to the price of Bitcoin decreases, they buy a huge amount of Bitcoin and create the bullish trend in the market.
I do not think that whales can create bullish trends, they will need to invest more money in bitcoin at bad prices and that is not what they do, what they are experts in doing is in dumping the price of bitcoin thanks to their huge stashes of coins then when the price gets that low they buy their bitcoin at cheaper prices than the price they sold.
Bullish trend is possible but knowing whales they wont really do such thing since they are just the sparkler of a certain price manipulation either on dump or pump scheme. In altcoins its possible but talking on bitcoin then its an another story no matter how big their stashes is .Price cant really be affected too much unless if they hold hundreds of thousands then its possible.
legendary
Activity: 2413
Merit: 1003
November 09, 2017, 07:03:25 AM
It doesn't really matter, what matters is the technology behind it...Is the technology behind it powerful enough to survive price manipulations? if yes, then pumps and dumps don't matter as in the long run objective superiority of a product over its competition prevails, and bitcoin is the best electronic payment ever.


only that BTC is not necessary to use the tecnology.
How much would google pay for the whole "system", for example? Not $118.37B, that's for sure
hero member
Activity: 812
Merit: 1000
November 09, 2017, 06:38:08 AM
It doesn't really matter, what matters is the technology behind it...Is the technology behind it powerful enough to survive price manipulations? if yes, then pumps and dumps don't matter as in the long run objective superiority of a product over its competition prevails, and bitcoin is the best electronic payment ever.
full member
Activity: 286
Merit: 100
Cryptics
November 09, 2017, 06:32:16 AM
If we compared bitcoin price movement and stocks price movement then it will looks like pump and dump because the volatily of bitcoin itself. But if you are looking at the chart(year) then it's not pump and dump but growth.
legendary
Activity: 2413
Merit: 1003
November 09, 2017, 06:24:01 AM
I think it's a chain reaction pump'n'dump.
one is causing the other
newbie
Activity: 56
Merit: 0
November 09, 2017, 01:54:58 AM
So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
full member
Activity: 210
Merit: 100
November 09, 2017, 01:29:54 AM
i don't think bitcoin is a pump and dump it's the most stable crypto coin in the market the price stability of bitcoin depends on  the demand and offer no more not like the other coin that only made for that reason
full member
Activity: 196
Merit: 100
November 09, 2017, 12:28:00 AM
If you trade bitcoin in short term then it can be a pump and dump but if you look at it and hold it for long term then you will see that bitcoin is not just a pump and dump coin. Holding bitcoin for long term will give you high profit and of course its more safe that trading it daily.
newbie
Activity: 3
Merit: 0
November 07, 2017, 06:21:14 PM
Purchasing Bitcoin or any other forex is definitely a dangerous but satisfying company.For me personally I believe it's the time for whomever to purchase it.
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