Topic: Was Bitcoin actually just a Pump and Dump? - page 6. (Read 45041 times)
Satoshi gave an thought and now it is up to altcoins to just take that idea and make it greater..which is exactly what's going on in crypto.
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.
Ahhh! I don't think so mate, don't think that was the idea behind it. You are thinking it in wrong way and bitcoin was not meant to make just profits and all the shit. It's just unit of transaction that was speculated to know the easiness of blockchain working. I might not be completely true with my statement but that's what bitcoin was made for. It was clearly made by one person and that's satoshi who had vision of decentralised transaction network and nothing else
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BTC just like an additional cryptos is just a pump and dump, but as btc will take on the position of galactic credits, pumps and dumps will ever more turn into not possible
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. 
Bitcoin is trading daily and a lot speculation around it value and news does affect bitcoin as would afect any currencie, bitcoin has conqueres its space as currency, payment processor and comodity. We can spend and invest bitcoin in anything we wanna, even go to market and pay the bill with the debit card, bitcoin has a huge presence online into almost all kind of services.
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. The price of bitcoin is still at $4k i don't think that even if bitcoin will stay at this price it would be a dump becuase it is a very high price and i think bitcoin will get another pump but not as high as it got earlier i would say it will go 2 to 3 times the price it is right now.
Ultimately there are pumps and dumps that have created such a beauty in bitcoin. Think of bitcoin if it is like a stable currency, then there would be not a difference of any little thing among bitcoin and any other fiat currency. Some people consider pump and dump as bubble that is referred one of the disadvantage of bitcoin, but I think that builds up bitcoin so far.
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.
I'll ask you: Why do people (or you) buy bitcoins? IS it only for display? Most people buy bitcoins so that they can use it just like the local money - to buy things, to pay bills, to send money to other people, etc. more convenient, faster, and easier. Bitcoin is not a pump and dump. The price of bitcoin actually depends on the number of circulating supply and how people trade and regulate these. Dumping bitcoins doesn't actually work if all people do this thing. Once all people dump their bitcoin to the extent that no one is selling or buying, then there will be a significant drop in bitcoin price.
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.
Correction is something which always happens after the unusual rise.
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.
I guess bitcoin is not intended to have that kind of value I mean pumping and dropping its just that its value cannot be determine at thia point in time and since it is not yet stable in the market we experience sudden increase or decrease in price depending on tge demabd bitcoin gets.
I highly doubt that bitcoin will be stable as it is already wild in nature so we just have to get used to its frequent pump and dumps although to be honest the wild nature of its price is not bad in fact many people are earning bucks because of it. thats right its value cannot be determine because of this nature but isn't it the same with everything in the near future, besides we can always speculate and take risks to profit from it
I guess bitcoin is not intended to have that kind of value I mean pumping and dropping its just that its value cannot be determine at thia point in time and since it is not yet stable in the market we experience sudden increase or decrease in price depending on tge demabd bitcoin gets.
There might have been a thought that bitcoin is just a pump and dump in the early 2014 when OP posted this thread.But it isn't true.Altcoins might be termed as pump and dump coins as nowadays most scam coins are released which deliver nothing.They are just pumped and dumped to fill pockets of either devs or big whales.
But bitcoin exhibits its true value.Earlier,when china had an upper hand,its price was manipulated by dumping bitcoins.But now,since it has investors world wide,its not possible to do so.Bitcoin price is driven by the community support.Bitcoin price has constantly increased due to the growing trust of people over it.
Bitcoin is the best innovative currency of this century and its ultimate goal is to provide the financial freedom for people,becoming the worst nightmare for bankers.
We need to accept that bitcoin is a real pump and dump cryptocurrency because you can see that the price in the chart of bitcoin is going down and up and that is acceptable because it is only depending on the demand of the people in the market who buys and sell bitcoin so there is nothing big deal in that thing. We can just accept the fact and play with it to make more money. But bitcoin exhibits its true value.Earlier,when china had an upper hand,its price was manipulated by dumping bitcoins.But now,since it has investors world wide,its not possible to do so.Bitcoin price is driven by the community support.Bitcoin price has constantly increased due to the growing trust of people over it.
Bitcoin is the best innovative currency of this century and its ultimate goal is to provide the financial freedom for people,becoming the worst nightmare for bankers.
There might have been a thought that bitcoin is just a pump and dump in the early 2014 when OP posted this thread.But it isn't true.Altcoins might be termed as pump and dump coins as nowadays most scam coins are released which deliver nothing.They are just pumped and dumped to fill pockets of either devs or big whales.
But bitcoin exhibits its true value.Earlier,when china had an upper hand,its price was manipulated by dumping bitcoins.But now,since it has investors world wide,its not possible to do so.Bitcoin price is driven by the community support.Bitcoin price has constantly increased due to the growing trust of people over it.
Bitcoin is the best innovative currency of this century and its ultimate goal is to provide the financial freedom for people,becoming the worst nightmare for bankers.
But bitcoin exhibits its true value.Earlier,when china had an upper hand,its price was manipulated by dumping bitcoins.But now,since it has investors world wide,its not possible to do so.Bitcoin price is driven by the community support.Bitcoin price has constantly increased due to the growing trust of people over it.
Bitcoin is the best innovative currency of this century and its ultimate goal is to provide the financial freedom for people,becoming the worst nightmare for bankers.
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"
Thats the nature of the investment not all times its always pump up,and not all times always dump,even in other business there are times of up and down.bitcoin also have some struggle in blackchain and thats a marketing strategy.when you see the pareto chart of bitcoin price it will rise to $4000 to $5000 because of its demand,and when times other country like china band the bitcoin the price will go down.Thats the reality of crypto currency in the market pump and down.
The price of bitcoin is still at $4k i don't think that even if bitcoin will stay at this price it would be a dump becuase it is a very high price and i think bitcoin will get another pump but not as high as it got earlier i would say it will go 2 to 3 times the price it is right now.
The volatility that freaks out people with experience in old school finance is a feature of the blockchain. There is no asset as liquid as Bitcoin in the world at the moment. You can buy more or get rid of huge quantities insanely fast compared to classic commodities.
If you're asking about it's inherent value there isn't any, but if it was a pump and dump it would be dumped 5 years ago already. Unless our reptilian overlords play the long game, of course.
If you're asking about it's inherent value there isn't any, but if it was a pump and dump it would be dumped 5 years ago already. Unless our reptilian overlords play the long game, of course.
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