Bitcoin Forum

Do you agree with Martin Tillier from Nasdaq, who wrote:

"This is an appreciation in bitcoin that is perfectly logical and is based on fundamental factors. That makes it far more likely that it will proceed in an orderly fashion and extremely unlikely that it will be followed by a sudden collapse."

Full article: http://www.nasdaq.com/article/this-time-bitcoins-price-increase-is-both-logical-and-sustainable-cm562649#ixzz3wcaSOTQB

there would be more people to go for the bitcoin due to the index collapse.
i guess, there would be a low-level bump ups due to more people starts to use the bitcoin to store wealth and save themselves from the market collapse. ??? there are major collapse in the chinese market so i would believe more people is gonna start to use bitcoin.

This could be happen only in that countrys where bitcoin is legal and buying and selling is allowed and taxation is their for bitcoin, but other countrys which have still banned bitcoins or status is not yet clear, their i think it wont work out for bitcoins. It is different that they can go for online buying without anyones knowlege. But their will be increase in demand created if more stock exchanges start to crash.

I don't think it's another round of pump and dump since we don't see any huge transactions on queue. Only small transactions and there's a lot of them. Hope this continues and reach $500.

Im really not sure about this pump, I understand that it could be influenced by the stock market falling and China but with Bitcoin one can never know for sure if there are some manipulators behind this, it's just too early. If I had to place a bet I would go with the first option since it seems rather natural compared to recent ones.

I do believe it's not another pump and dump. It's playing around 430-460$ . Nothing to worry about.

"extremely unlikely" doesn't mean that it couldn't happen, I'm not even sure I would use the word "extremely" here, "less likely" seems more appropriate. There are so many factors that can cause wild swings in the price, factors that are independent of the logic he's basing his statement on.

Agreed! The price is quite stable recently! The selling and buying come to balance!

It ain't a pump and dump, it is demand and supply effect

Double agreed, it has been pretty quiet for several weeks - maybe indicating a strong price.  There will be volatility but not sure about pump and dump opportunities in the future.

i agree that it look more stable, because the current value was achieved very slowly, so people should really stop to comapre it to the past

it has nothing to do with the old run up to the 1200 ath, it entirely different

It's too small to call it a pump and too soon to say as well.
I think it's best to see what happens after this weekend.

True I don't really see for now a pump and a dump more like stable around the 450 dollars for now.
But this is 2016 we can see a high pump still so we just need to wait.
I don't spec a dump this year maybe it will happen, but not that low.

I think there will be a pump soon when the halving is nearer- say March or April. That will be the exciting period. Current pump is most likely China economy news driven.

I thought we just saw a small pump up to 465 and dump back to 450?

Personally, i do think that places and countries that bitcoin is legal, the people will move t the platform as a way of storing their wealth. With the collapse of the other currency, I am so sure that very many persons will be in a position to adopt the bitcoin. We may however also experience the pump and dump in the price as we have several levels of demand. Any monetary activity is always highly affected by the demand among other factors and I believe bitcoin is a no exemption.

What pump and dump... You surely not calling the once off Willy Bot event a pump and dump? There are currently a lot of people pulling stocks in favor of a vehicle with a lot

more "wealth storage" characteristics. You see the same happening to gold, in times of crisis. We have seen a lot more stability in the last year in Bitcoin and a steady increase

in the "base" price. The halving of the block reward, could also serve as some buffer for any potential losses people might have, due to any problems.  ::)

I think this was just a tiny pump and dump. It didn't make much of a difference. I also think that some of this had to do with a lot of stock markets going into the red. I could be wrong since we can't say for sure what really effects the bitcoin market.

I would definitely agree with him on this one. Only if everyone take a look at the latest pumps and dumps that have happened in the last 2/3 months, it could clearly show that the dump level after each pump has been decreasing in comparison to the past and it's getting closer and closer to be in a range that it could be called an stability range value for Bitcoin and this trends is going to continue until the dump would be less than $5 at most.

I think the current price hike is due to many individuals buying bitcoin in small units.Pump is when some big players start buying in bulk to manipulate price and dump later to make profit.New entrants will not sell them early so I dont see any price fall in next 4 months

That's true, we are stabilizing, not just in decentralization but in values too...
This is what Satoshi made Bitcoins for, stable growth with stable development of independence... ;)