Topic: Was Bitcoin actually just a Pump and Dump? - page 8. (Read 45023 times)
i dont think the pump n dump is anywhere around more than
When I was a child I caught a fever. My palms swelled up like two balloons. Now I've obtained that feeling as soon as yet again...Â
So it was a large pump and dump afterall huh. Well accomplished, scammers. Well accomplished.
Who said it was just pump and dump? We can’t achieve our goals if we keep throwing stones at every dog that barks in our way. We need to avoid such useless speculations in order to perform well with bitcoins and to achieve our dreams of being rich with our digital currencies.
So it was a large pump and dump afterall huh. Well accomplished, scammers. Well accomplished.
Only most of altcoins are just pump and dump and not bitcoin.Bitcoin has revolutionized the world.People are now free from banks to send and receive money.They have got an excellent opportunity to earn from bitcoins.It has given equal opportunity to people all over the world new earning opportunities irrespective of caste,creed,etc.
Pump and big dump I have no doubt, I feel happy with this btc creator because he has developed so far and developed very rapidly.
Bitcoin is really popular because it is volatile and the reason why does it pump and dump its because bitcoin is a decentralized currency thats the reason why traders has a big shot when bitcoin price is increasing because they will definitely sell it on high price and then when dump came they will buy low.
In this activities we just need to wait for tgat right shot. It is dum and dump. But not just in every pump there were a lot who got opportunity to be rich and in every dump there were a lot new users who can join and can buy a lot to get rich in the future. Many benefited on that pump and dump.
Bitcoin is really popular because it is volatile and the reason why does it pump and dump its because bitcoin is a decentralized currency thats the reason why traders has a big shot when bitcoin price is increasing because they will definitely sell it on high price and then when dump came they will buy low.
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 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.
Even if bitcoin was accepted as cash by government bodies it wouldnt exclude anyone from the idea of paying taxes. A few countries have no national currency and they got business which is still paying taxes anyway.
Ultimately a government will seize assets themselves if companies attempt to avoid the use of cash altogether as an excuse for avoiding laws. In most countries the tax collection section of government can command the army in its powers over all people within its territory. Its been like that since major duties were how kingdoms got their revenues and smugglers attempted to bypass, they probably didnt use cash either. Its such an ancient concept you can bet its not going away from bitcoin use.
Pump and dump presumes bitcoin was never a valid product or had any real basis to it. Thats not the case, some sections of it were unique and never before seen. Blockchain will be used no matter, the question really is will this particular BTC symbol continue. The biggest doubts Ive seen expressed by main stream markets is this idea of excluding copyright, this is the part business doesnt get and probably wont ever accept.
BTC is still diverse enough that no one section is trying to manipulate the price, if it rises unrealistically its a mass hallucination. Its heavily related to current macro economic distortion in reserve currencies, an iceberg scenario
Ultimately a government will seize assets themselves if companies attempt to avoid the use of cash altogether as an excuse for avoiding laws. In most countries the tax collection section of government can command the army in its powers over all people within its territory. Its been like that since major duties were how kingdoms got their revenues and smugglers attempted to bypass, they probably didnt use cash either. Its such an ancient concept you can bet its not going away from bitcoin use.
Pump and dump presumes bitcoin was never a valid product or had any real basis to it. Thats not the case, some sections of it were unique and never before seen. Blockchain will be used no matter, the question really is will this particular BTC symbol continue. The biggest doubts Ive seen expressed by main stream markets is this idea of excluding copyright, this is the part business doesnt get and probably wont ever accept.
BTC is still diverse enough that no one section is trying to manipulate the price, if it rises unrealistically its a mass hallucination. Its heavily related to current macro economic distortion in reserve currencies, an iceberg scenario
The Bitcoin network is the sum of people transacting in bitcoins with one another directly on the internet. There is no central server or entity, like a government, central bank, corporation, or foundation that controls the network. Therefore it cannot be manipulated like normal currencies issued by decree and controlled by governments.
Bitcoin moves in the market and can set price on each transaction so literally bitcoin dose have movement such as dump and pump. But it is not just like that. It is more than that as you said bitcoin is a part of transaction that is not much directly because it much aligned on the internet and technology so meaning to say that bitcoin is more capable on dealing with changes and development because if it's movement so it is a good thing for traders to keep in mind.That is the main reason why they will never accept bitcoin legally. Very easy, no need to consider bitcoin like it would become a legit way for businesses.
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.
Nice idea and write up, I actually think the same ways before but with the little understand I later got on how cryptocurrency work I have to later changed that idea. Bitcoin though has price manipulation and pump and dump time to time but I don't think there is a conspiracy some way against the poor and it was made to fight bank. Bankers are the one making people poor through manipulation and fraudulent act.
The Bitcoin network is the sum of people transacting in bitcoins with one another directly on the internet. There is no central server or entity, like a government, central bank, corporation, or foundation that controls the network. Therefore it cannot be manipulated like normal currencies issued by decree and controlled by governments.
Bitcoin moves in the market and can set price on each transaction so literally bitcoin dose have movement such as dump and pump. But it is not just like that. It is more than that as you said bitcoin is a part of transaction that is not much directly because it much aligned on the internet and technology so meaning to say that bitcoin is more capable on dealing with changes and development because if it's movement so it is a good thing for traders to keep in mind.
The Bitcoin network is the sum of people transacting in bitcoins with one another directly on the internet. There is no central server or entity, like a government, central bank, corporation, or foundation that controls the network. Therefore it cannot be manipulated like normal currencies issued by decree and controlled by governments.
Bitcoin moves in the market and can set price on each transaction so literally bitcoin dose have movement such as dump and pump. But it is not just like that. It is more than that as you said bitcoin is a part of transaction that is not much directly because it much aligned on the internet and technology so meaning to say that bitcoin is more capable on dealing with changes and development because if it's movement so it is a good thing for traders to keep in mind.
This is interesting .. however Bitcoin is or was a pump and dump .. it just seems to get better and better!
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.
True, Mr. Satoshi Nakamoto the creator of bitcoin, the reason why we are here now didn't realize that bitcoin will go this far. In my assessment the only reason why bitcoin value reached what it is now, it is all because of the whale investors, or big organization that has a capacity to Pump and Dump the price of bitcoin. Or other big exchange sites who bought a huge volume of bitcoin.
I guess now as China is broken, it is obvious the pump and dumps happened until now. (Not that btc is pump and dump)
Actually yes. Because all of the pump and dump is happen because in the supply and demand law. If money people buy butcoins the price will go up and many people sell bitcoin the price will go down just like that. So I think many people rather some of the bitcoin millionaire are just controlling the market price for them to have a large profit.
Jump to: