Topic: Was Bitcoin actually just a Pump and Dump? - page 5. (Read 45041 times)
Short solution? Sure. Bitcoin and each one alt currency at any time created has been a pump and dump. Charts do not lie.
Bitcoin is not a pump and dump scheme as 99% of all other cryptocurrencies are. The reason for that is because they either have an unlimited supply and/or the coin is centralized somehow.
You can also see that his position on the market is quite regulated by his stories and popularization, and small treatments that happen sometimes do not change and do not affect so much on its value. 
Yes of course, although today prices are going up tremendously, but this can never guarantee it will continue to rise, maybe after reaching the highest price then the price will drop as many users are profit taking.
sometimes i think about the same way as you , that there always a reason behind the price so unexpectedly rising up , it will cost you a lot later when the price go down so hard. a market like this will always about pump and dump.just the matter who do that and since bitcoin are anonymous , we can not figure out who are they actually.
Well I consider "hard forks" as pump and dump since it dramatically decreases the price of bitcoins, thus making it the perfect opportunity for investors to hoard coins for future investments. But to answer your question, personally bitcoin is not a pump-and-dump due to the fact that it got its reputation based on its nature being decentralized and volatile. Before, many people tried risking their investments into bitcoin and to their avail their risks paid-off. Also if bitcoin's reputation was caused by pump and dump, then I doubt that its price would not reach $1000.
Bitcoin is rising up as popularity and interest grows. Price is being manipulated constantly, but that is how some people use this market to earn more bitcoins, that doesn't mean that bitcoin is pump and dump. One more reason why bitcoin is not pump and dump is that in future price will go just higher, bitcoin can't be constant pump coin.
After each rise we see drop, then rise again. New bottoms are always higher then last ones and in that we can see how much progress is bitcoin making.
I don't agree that bitcoin is pump and dump, its technology with bright future and occasional dumps are normal thing in everything, what is matter that bitcoin comes back stronger each time.
Yes of course, although today prices are going up tremendously, but this can never guarantee it will continue to rise, maybe after reaching the highest price then the price will drop as many users are profit taking.
sometimes i think about the same way as you , that there always a reason behind the price so unexpectedly rising up , it will cost you a lot later when the price go down so hard. a market like this will always about pump and dump.just the matter who do that and since bitcoin are anonymous , we can not figure out who are they actually.
Well I consider "hard forks" as pump and dump since it dramatically decreases the price of bitcoins, thus making it the perfect opportunity for investors to hoard coins for future investments. But to answer your question, personally bitcoin is not a pump-and-dump due to the fact that it got its reputation based on its nature being decentralized and volatile. Before, many people tried risking their investments into bitcoin and to their avail their risks paid-off. Also if bitcoin's reputation was caused by pump and dump, then I doubt that its price would not reach $1000.
Yes of course, although today prices are going up tremendously, but this can never guarantee it will continue to rise, maybe after reaching the highest price then the price will drop as many users are profit taking.
sometimes i think about the same way as you , that there always a reason behind the price so unexpectedly rising up , it will cost you a lot later when the price go down so hard. a market like this will always about pump and dump.just the matter who do that and since bitcoin are anonymous , we can not figure out who are they actually.
Bitcoin is not a pump and dump scheme as 99% of all other cryptocurrencies are. The reason for that is because they either have an unlimited supply and/or the coin is centralized somehow.
The value of the bitcoin is now increasing more and more so it is the time to buy the bitcoin you are saying a lot of the people are getting in the bitcoin for the sake of the future, the price of the bitcoin is unpredictable and they will get the profit in e future. The income with the bitcoin is the best thing so buy the bitcoin and try to invest in the bitcoin as much as you can so buy the bitcoin and get the huge income just in very short days.
until all the majority of bitcoin are in the arms of a couple of early adopter indeed, we need distribution
Bitcoin is not a pump and dump scheme as 99% of all other cryptocurrencies are. The reason for that is because they either have an unlimited supply and/or the coin is centralized somehow.
The value of the bitcoin is now increasing more and more so it is the time to buy the bitcoin you are saying a lot of the people are getting in the bitcoin for the sake of the future, the price of the bitcoin is unpredictable and they will get the profit in e future. The income with the bitcoin is the best thing so buy the bitcoin and try to invest in the bitcoin as much as you can so buy the bitcoin and get the huge income just in very short days. It's pump & dump but you need big money to manipulate so it doesn't get as much manipulation as other coins which are cheaper. In other words BTC is the safest coin you can invest in.
I agree with you that BTC is the safest coin but in terms of Bitcoin dumps or pumps are not regular things as with altcoins. I suppose it is just regular correction as it always happens. When buyers are out of money, sellers come in.
Bitcoin is not a pump and dump scheme as 99% of all other cryptocurrencies are. The reason for that is because they either have an unlimited supply and/or the coin is centralized somehow.
No bitcoin was not just a pump and dump, it serves a goal and no a single utilizes it for what it was meant for. Just simply because the customers and buyers are ignorant to the investment and item they are making use of does not make that object a fraud It make the customers and investors idiots.
No matter how hard altcoins try but they can never ever reach the status of bitcoin. What Satoshi gave us, altcoins can never ever produce results of that quality. Bitcoin is the result of imagination and hard work of Satoshi. I am personally not in favor of altcoins, they are just diverting minds of people from bitcoin. There should be just one digital currency used all over the world and bitcoin is best for this job.
No bitcoin was not just a pump and dump, it serves a goal and no a single utilizes it for what it was meant for. Just simply because the customers and buyers are ignorant to the investment and item they are making use of does not make that object a fraud It make the customers and investors idiots.
No matter how hard altcoins try but they can never ever reach the status of bitcoin. What Satoshi gave us, altcoins can never ever produce results of that quality. Bitcoin is the result of imagination and hard work of Satoshi. I am personally not in favor of altcoins, they are just diverting minds of people from bitcoin. There should be just one digital currency used all over the world and bitcoin is best for this job.
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Pink Floyd ! These recent moves are more dramatic and likely to lead to a sell off then previously I think but it could still prove positive if the market keep retracking and confirming previous support levels. A big rush ahead without pulling back at all is ironically more unstable and unlikely to give us a bigger price longer term.
I dont think anyone is pumping up bitcoin exactly however we do have the lowest interest rates ever recorded which makes for loose money and plenty currency is spare as savings are valued low and governments are printing too much money.
In short, its not bitcoins fault if there is a pump effect. A dump would occur if any alternative sensible currency standard existed or if yet again Dollar pretended it would offer any hard standard. Recent moves in Federal interest rates have been incredibly minor
It is very interesting observation on crypto world. This conspirational theory is quite populr I think, and not only you discouss abut it.
I personally think that maybe on bitcoin not, but for sure on some new coins.Bitcoin may be too expensive for that game, but using less popular coin with little market cap any decent trader can manipulate price too much.. But in long term it should not has that happen.
I personally think that maybe on bitcoin not, but for sure on some new coins.Bitcoin may be too expensive for that game, but using less popular coin with little market cap any decent trader can manipulate price too much.. But in long term it should not has that happen.
I think we would all like to think this is not the case. It is a unique way at looking at bitcoin and crypto currencies almost like it could be the biggest scam ever. I don't think this is true crypto currencies in general have a massive future.
All people is aware of the battle was set. The bad continue to be bad and the wealthy get wealthy. Which is how it goes, and everyone understands.
Yes of course, although today prices are going up tremendously, but this can never guarantee it will continue to rise, maybe after reaching the highest price then the price will drop as many users are profit taking.
No but it becomes a part of it. We need to remember that there's a lot of organized groups who can manipulate the price of btc by trolloing, spreading FUD and etc. Bitcoin is an amazing technology and not just a pump and dump.
Bitcoin is really very amazing technology so it has helped a lot of people who were living in poverty. Bitcoin has changed their lives. Bitcoin is not just a currency, it is a blessing. I am also in favor of this that bitcoin is not a pump and dump only, it is a digital way of earning money and even livelihood. I want that everyone should use bitcoin for the sake of better life. It is really awesome. I agree with you bro bitcoin usage actually catches my attention that is why when I first heard about it I did not hesitate to invest because I know that in this new era people use technology with everything. The only reason why bitcoin becomes pump and dump are those people who spread bad news about it because they want to buy cheap btc and then they wait for a goods so that bitcoin will pump.
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"
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"
I think bitcoin is not just a pump and dump kinda thingy, how could you even call it a dump if the price is never down? I think bitcoin is just strong, maybe some in the goverment who doesn't like bitcoin is trying their best to pull bitcoin down but as we see, Bitcoin just keeps going up and up taking no effect from outside the cryptoworld.
No bitcoin was not just a pump and dump, it serves a goal and no a single utilizes it for what it was meant for. Just simply because the customers and buyers are ignorant to the investment and item they are making use of does not make that object a fraud It make the customers and investors idiots.
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