Bitcoin Forum

Economy => Speculation => Topic started by: BTCfan1 on March 21, 2014, 07:43:16 AM



Title: Pump and Dump? Been watching the price the last hour or so...
Post by: BTCfan1 on March 21, 2014, 07:43:16 AM
I'm still fairly new to this but I saw the price jump about $20 from 580 to 600 really quickly because it looks like an unusually large number of coins are changing hands…is this considered a pump and dump?  Could other factors explain this fluctuation give that the price has been comparatively stable lately (albiet in a slowly downward trend?)  Thanks in advance…


https://i.imgur.com/YeGJCMc.jpg


Title: Re: Pump and Dump? Been watching the price the last hour or so...
Post by: chessnut on March 21, 2014, 07:46:32 AM
no, just a pump. you can only call it a pump and dump after the dump. you might call this a dump and pump though. and it could be a dump and pump and dump.


Title: Re: Pump and Dump? Been watching the price the last hour or so...
Post by: BTCfan1 on March 21, 2014, 07:50:16 AM
no, just a pump. you can only call it a pump and dump after the dump. you might call this a dump and pump though. and it could be a dump and pump and dump.

ah ok, thanks for clearing that up


Title: Re: Pump and Dump? Been watching the price the last hour or so...
Post by: JimboToronto on March 21, 2014, 07:55:35 AM
It was just impatient buyer who paid market price instead of waiting for bids to be filled.


Title: Re: Pump and Dump? Been watching the price the last hour or so...
Post by: CoinBurner on March 21, 2014, 11:35:40 AM
here comes the dump, it seems  ;D