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Topic: Was Bitcoin actually just a Pump and Dump? - page 4. (Read 45041 times)

newbie
Activity: 3
Merit: 0
November 07, 2017, 05:54:05 PM
The very first I learned about bitcoin from someone who has a business in forex Or forex, I'm fascinated as this digital precious metal currency is phenomenal and that's what makes me exactly why I am a fan of bitcoinTo day I haven't had the ability to spend the whole time I was in bitcoin, because revenue is not so great however i have plans to invest my time making bitcoin main source of my income
full member
Activity: 476
Merit: 101
November 07, 2017, 12:04:45 PM
This is the long time argument about Bitcoin, values was determined and controlled by whales, which can pump and dump Bitcoin value.

And the worst thing with those Bitcoin detractor, they not stopping on spreading lies and malicious news to make FUD.
newbie
Activity: 38
Merit: 0
November 07, 2017, 11:28:41 AM
I don't think so, since bitcoins are really driven by supply and demand, I think this is just a proof that demand is really going up and never will supply meet the demands for it. So I guess this is a result of that and I think it is not over yet.
newbie
Activity: 3
Merit: 0
November 07, 2017, 10:46:18 AM
It doesn't truly issue, what issues may be the technologies behind it. Is the technologies behind it powerful enough to survive cost manipulations? if yes, then sends and puts do not matter as over time goal superiority of a item more than its competition prevails, and bitcoin is the best electronic payment ever.
sr. member
Activity: 686
Merit: 253
November 06, 2017, 06:51:24 PM
Yes, bitcoin just pump and dump because of the supply and demand, besides bitcoin is uncontrollable or decentralized so expect the big changes all the time.

it wasn't meant to be just a pump and dump but current situations seems to be looking like that but with time its going to be possible to use it as a currency on the day to day basis with all the stability one requires.
sr. member
Activity: 588
Merit: 251
HELENA
November 06, 2017, 06:26:03 PM
Yes, bitcoin just pump and dump because of the supply and demand, besides bitcoin is uncontrollable or decentralized so expect the big changes all the time.
sr. member
Activity: 1526
Merit: 255
November 06, 2017, 04:40:02 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.
full member
Activity: 406
Merit: 100
November 06, 2017, 03:59:22 AM
I don't have any doubt that this was all just big pump and dump, but my theory is, even the BTC creators didn't realize that Bitcoin would go this far.


I agree that there might be a risk that btc is a big pump and dump. But I think the creator already know that btc will be known and will be used in the future. He invented it because he knows that the technology era will surely come, that mostly will become a digital transaction and btc will surely be the common method of payment.
sr. member
Activity: 756
Merit: 252
November 02, 2017, 02:09:43 PM
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.
sr. member
Activity: 468
Merit: 250
November 01, 2017, 01:13:35 PM
I'm also sure that there is great speculation of pump and dump bitcoin, if we see that the market cap has reached $ 100 billion would be a good opportunity for speculators to get profit from pump and dump.
sr. member
Activity: 419
Merit: 250
November 01, 2017, 01:04:17 PM
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.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
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.
full member
Activity: 364
Merit: 107
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. 
sr. member
Activity: 756
Merit: 252
I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.
The price can still be manipulated but the greater the market cap the greater the money you need to move the market and as such less and less players are able to manipulate the price, right now only exchanges, satoshi and the governments have enough power to do that.
Haha, so funny Grin! Maybe you do not know there are many companies have power enough to control the price of Bitcoin, even this is total market cap of Bitcoin. Remember, currently, total market cap of Bitcoin is just $ 98.430.277.718, it still less than total money of Bill Gates in the past. Wink
But do you think a single individual is going to try to risk moving a market on his own, if anything a coalition of individuals of great power will be needed and as bitcoin becomes bigger the lesser the power those people are going to have over bitcoin.
hero member
Activity: 938
Merit: 500
Bitcoin can be influenced by whales as well some bad news banning bitcoin, but bitcoin isnt just a pump and dump, there is much more then the up and down that atracted a lot new investors wich made the price to break records. Blockchain is changing the transactions system, and there are already new projects coming with better and less expensive solutions.
hero member
Activity: 779
Merit: 500
I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.
The price can still be manipulated but the greater the market cap the greater the money you need to move the market and as such less and less players are able to manipulate the price, right now only exchanges, satoshi and the governments have enough power to do that.
Haha, so funny Grin! Maybe you do not know there are many companies have power enough to control the price of Bitcoin, even this is total market cap of Bitcoin. Remember, currently, total market cap of Bitcoin is just $ 98.430.277.718, it still less than total money of Bill Gates in the past. Wink
sr. member
Activity: 756
Merit: 252
I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.
The price can still be manipulated but the greater the market cap the greater the money you need to move the market and as such less and less players are able to manipulate the price, right now only exchanges, satoshi and the governments have enough power to do that.
newbie
Activity: 36
Merit: 0
Brief answer? Of course.  Bitcoin and every single one alt forex ever made has been a pump and dump.  Charts never lie.
sr. member
Activity: 588
Merit: 253
I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.
newbie
Activity: 20
Merit: 0
until finally all the greater part of bitcoin are in the hands of a few early adopter sure, we need distribution
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