Topic: Was Bitcoin actually just a Pump and Dump? - page 7. (Read 45023 times)
Bitcoin is bitcoin because of sudden pumping and dumping. Its volatility feature is the reason why many are so into it, the hope for sudden pumping motivates someone to store fund in it. The same way, changes in value is also dependent to the demand of bitcoin. This is what bitcoin is, it is dependent in people and people is dependent on it. Aside from dumping amd pumping, bitcoin is uniquely different simply bevause the technology behind it is incomparable and cannot be cloned.
nope, when something bad/good happen on bitcoin it will affect the bitcoin price.
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 to this. Basically no one can actually tell if Bitcoin will go up and down. But just like stock prices or even in forex. It is possible that the price will stay stable or even go up. Yes it may go down in some time but it will not drop price as be a dump.
I dont agree at all Nakamoto were tired to pay high fees to send his/her family as well to the limits the bank system has, since there werent a cheap way to make it before with big ammounts, soo he saw he could create a coin to let trade for a tiny fee. Altcoin borned based on bitcoin and trying to have something better then it, a lot altcoins has a lot features wich bitcoin hasnt and can implement, but all developers now now the crypto power, something Nakamoto just created and saw it grow a lot on the last 7 years, it werent expected at all.
I don't think Nakamoto has created this coin because of the high fees at all. Knowing that it wouldn't be a sure solution to the problem, he will think of another way of solving it. Plus, bitcoin doesn't have a value at first so the coin was pretty much useless back then. With the knowledge of Nakamoto about the economy, he surely can figure out a way to solve that problem right away assuming that it was his only objective about creating bitcoins.
I also want to point out that the price of bitcoin is pretty much expected by Nakamoto. He said that bitcoin will either have a lot of volume or no volume at all in 20 years. He knew.
I think that this is just how the engineering will expand. Its still rather new and uncontrolled or controlled. If you search at how numerous policies and laws are on fiat to prevent all items that are presently taking place to bitcoin. Its just a issue of time before bitcoin has the same regulation to reduce these issues from going on.
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"
Yepp. That's how bitcoi works. Many people nowadays are using bitcoin and the numbers of users are continuously growing. We don't know how actually or what will be the value of bitcoin minutes by minutes. Bitcoin dump and pump depens on the demand of buying and selling of bitcoin. You don't need to worry because that's how it works and many people are actually aware of that. 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"
So like you said here, bitcoins are matter of pump and dumps but for selling and buying and producing such fantastic profits.
Probably most people are also yeah many who think bitcoin is actually more directed to the term of a pumping and a dumping. I think this is just a term only or meaning from the nature of bitcoin price that always having a decreases and increases that are often spoken by many people as well as determine what to do when that bitcoin price conditions are happening at a certain times.
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"
No one exectected that bitcoin or altcoins will be a big hit. I actually heard of bitcoin years ago but ignored it (dumb me) but if you actually research about bitcoin even the creator or creators did not expect that bitcoin will be considered as an asset. If you think about it when bitcoin was .001 you would not even think on investing on it. If your strategy was pump and dump back then no one would buy bitcoin.
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 to this. Basically no one can actually tell if Bitcoin will go up and down. But just like stock prices or even in forex. It is possible that the price will stay stable or even go up. Yes it may go down in some time but it will not drop price as be a dump.
For me its a yes. There will always be a big pump and dump in bitcoin. I think it is a naturw of bitcoin. There is just a time when it gets pump and when it gets dump. We just have to know the timing of it.
it's not a deliberate pump and dump but it's due to our activities around bitcoin market. Just like other commodities fluctuations are nothing new and are determined by the market dynamics which arise from our activities in trading bitcoin.
Bitcoin is decentralized so pump and dump is common, before we invest bitcoin then the first thing we must understand is the type of investment, bitcoin is a high risk investment type so if we are not ready to lose then we will be crazy, but the fact that I experienced is has never lost when buy bitcoin with a note must be patient to wait for get the best price.
Yeah, we have the same thought. Pump and dump are just a normal things. But surely, when the price is down, it will up again immediately.
That's because Bitcoin will always be use by people and will not get beaten by other cryptos. I think Bitcoin investment is not high risk.
It's just need a lot of time to make some real profit. Not just weeks or months, but years. But, the investment can also have some risk.
That's because we do not know yet about the Bitcoin future. Maybe the developer will get more creative and smarter to improve the system.
For me its a yes. There will always be a big pump and dump in bitcoin. I think it is a naturw of bitcoin. There is just a time when it gets pump and when it gets dump. We just have to know the timing of it.
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"
Bitcoin pump and dump because that how it works and how people are adjusting on it's usage. The pumping and dumping value of the bitcoin depends on the rate of selling or the buying of it. Many people nowadays are also start to use bitcoin as their source of income so that the value of it become more higher. And don't panic when it is dumping because it will somehow pump again.
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"
Bitcoin pump and dump because that how it works and how people are adjusting on it's usage. The pumping and dumping value of the bitcoin depends on the rate of selling or the buying of it. Many people nowadays are also start to use bitcoin as their source of income so that the value of it become more higher. And don't panic when it is dumping because it will somehow pump again.
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"
Yepp. That's how bitcoi works. Many people nowadays are using bitcoin and the numbers of users are continuously growing. We don't know how actually or what will be the value of bitcoin minutes by minutes. Bitcoin dump and pump depens on the demand of buying and selling of bitcoin. You don't need to worry because that's how it works and many people are actually aware of that.
There are around 200 000 Bitcoin users each day plus many BTC mining rigs, which affect Bitcoin price - pump and dump. I think Bitcoin mining is the main factor, because Bitcoin price now is quite high - 4420 USD now - http://preev.com/. And of course there are many thousands BTC users, which buy and sale Bitcoin at some point. 
other cryptos might be just pump and dump but not bitcoin, bitcoin can be a very good source of income but most legit wallets asking bitcoin payment for transaction fees and it is very important to those businesses that uses bitcoin for their transaction.
No bitcoin was not just a pump and dump, it serves a function and no 1 uses it for what it was meant for. Just since the users and buyers are ignorant to the expenditure and item they are making use of does not make that object a fraud It make the customers and investors idiots.
Bitcoin is not a pump and dump because the market is not like that and the price of the market is just depending on the demand of the people and if the people will demand for buying bitcoin whatever is the price then it will continue to pump and as long as the demand is not going for selling bitcoin then bitcoin will not dump and pump and dump is not frequently happening because there is always a basis for that movement of the price.
I think that this is just how the technology will increase. Its still quite new and uncontrolled or controlled. If you search at how a lot of principles and restrictions are on fiat to stop all issues that are presently happening to bitcoin. Its just a make a difference of time ahead of bitcoin has the same regulation to decrease these issues from happening.
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