Bitcoin Forum

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

The market is bouncing again, but if you look into a 1D chart it is not really looking good and the bonces are still very small. So I would say that you should buy a little bit now and invest some more if the moarket dirves down more. You are safe then, because you can buy the dips if you have some money left!

According to market cycle we are in the phase of Depression and next bull run is near now and i think market just needs one strong breakout for the start of a new cycle and bull trend.

Indeed, the market needs a breakthrough and let's hope that it will come soon. Bitcoin pumps are very attractive for investment, though very risky.

It pumps when there is good news and then dumps when an exchange gets hacked. Even if bitcoins are not taken the price still goes down and the rest of the market with it. We need more people like McAfee to keep shilling the markets

Of course the market revolves around Bitcoin increasing, most of the markets have pairings that are tied with Bitcoin.

I think it's not even in pairs for bitcoin, but in the fact that everyone is used to the fact that where BTC, there altcoins and at the same time no one wants to be the last in the boat. You just need to accept it and learn how to evaluate it correctly

In between two days intervals ,the price of Bitcoin reach any peak.The wise things which you must do is hold at the dip and buy huge at the dips for the future profit.I had working as day traders, nearly one year.Being a wise day trader,you can earn from the minor pumps.

I think the recent pumps are just bull traps and some are becoming hesitant to grab the chance to buy more since the market will dip again after a day or  two. That is why instead of day trading, I just choose to hold since I have no enough time to check the market from time to time. I do not want to risk and loss some more money because of this.

If the bitcoin market goes down, you're telling and creating bunch of threads that it's going to be the end of bitcoin.

And when there market ups, you're telling it that it's creating less confidence in the market. You've been one sided about bitcoin and you hated it most, can you tell what's the reason?

Normally, if bitcoin went down the market will bounce back and that's the start of recovery. It's been tough for several months but having those pumps are normal.

The market has ALWAYS been revolving around Bitcoin...you just noticed? ???

hopefully we are end of bear market. all btc + altcoins are going down since january and its the end. btc will recover and alts will follow btc. cycle is done its time for pump. i hope this pump will be much more than  last pump.
 btc need jump to 11k than everything will be easier.

I think prices can not dump much more. There are so many institutional invenstors in the market that will pick up the current market sentiment as an opportunity for buying low into Bitcoin.

Yes mate, the market need a good timing and as correction wasn't over yet then it needs to fix some discrepancy of the market value of all cryptocurrency particular on bitcoin demand. We might not experience bull run yet, but the people right now always remain ready on their marks for the preparation of the upcoming bull run which is expected to happen at anytime this year.

I think it is not a speculative rise or bounce because despite the bithumb hack, it has not been affected at all, this indicates it is upward right now but there might be downs for sure.

I do not know why there are so many people thinking that there is going to be a bull run this year, everyone expects new ATH's just like they were expecting it in February and March. I am feeling desperation in the air after all the losses. Even though the whole crypto sphere has evolved significantly since the end of 2013, there is a possibility that there will be no major uptrend this year or even next year. The majority is not prepared for that, and this is what whales are used to do.

It seems to me that this is a very weak rise for Bitcoin, because it falls on 2 positions, and rises to one position. So the whole situation on the Bitcoin crypto currency market is more than negative.

Absolutely,bitcoin has several number of dumps already and I think it's time to regain energy and resources. Only loyal members are able to continually support fpr the market to rise again. We all know that it is a struggle but if we try to cooperate I think this will go through well. Market depends on bitcoin so better yet bitcoin has a big impact in the economy as well.

Yes, I used to think that all these pumps are related to people panic selling, but considering BTC daily turnover I think that panic selling might not influence the price as much as others think. Obviously, pumps have something to do with market manipulations. And yes, it might scary people away, but not for a long time: once the price starts to increase people will become interested in BTC again.

Bull trap? you can tell what you want to tell with those opinions on your mind about it so do you know when this bear trap will end?

More pump, more investors, more attraction.

The crash and volatility does scare away weak investors. That’s normal even for the stock market. It’s like pruning away dead branches because after those weak investors drop out. The market is healthier and more stable and we could likely see a gradual increase in prices.

I’ve seen this happen before and I think it is just the way markets react after a bubble and then a crash.

I somewhat agree. Most of the altcoin values are directly correlated to bitcoin price and consequently, when bitcoin pumps or dumps, altcoins usually follow suit.

However, I do strongly feel that this is not a problem and should not be a reason for people to scare away from bitcoin or crypto in general. The problem is that this happens because most altcoins are traded against bitcoin pairs. If you take a minute to think about it, the value decreases because the value exchanged for bitcoin also decreases. It is not that people are losing faith in the coin, its just people preserving value in their investments. They most definitely always buy back in anyway.

Do you consider it as a bull trap to catch the little shrimp like us? it could be right or it's not 100% right. As far as I can see that the market is rebound right now and you can see that about how the bitcoin gets more stable and I will try to catch another increase again soon. When whales will be entering to crypto again and there will be massive buying to the crypto.

There is no news and the small bounce bitcoin and other coins had this week can hardly be called a pump. It is just the next rise from a bottom and can turn into a major rise once the downtrend of last few months can be broken.

Good day. Few months back I assumed bitcoin will recover by June but didn't actually. It would pump a little and goes back down to 6k$. Some even wait for it to go down at 5k$ and buy. Not good for those who bought at a higher value but good chance to buy for those waiting for the dip. I'm holding Ethereum and because ETH value goes down with BTC value, I'm also waiting for 1k$ per ETH or closer to cash out. Its a waiting game. Hope all will recover soon.

After a pump the market goes sideways: no real demand. This market has a lot of developing to do!

it is very difficult to understand the users, because some are worried that bitcoin dropped even lower than 6000 dollars, while others expect an even greater fall. We must be aware that with the drop in the price of Bitcoin, the crypto-currency market will fall. This will, of course, negatively affect most promising projects.

There is definitely something going on in the shadows. The infamous Bart simpson patterns are happening quite often these days, the market goes up, stays sideways, drops, sideways, up etc etc. It's definitely not something that happens randomly.

chances are that if the price of Bitcoin returns the market will soon be stable again because many people say if soon the bear market will end and with the end of the market bear all will return to a stable price and could benefit again

Unfortunately the whole market depends on the movement of bitcoin and this is not the best condition for the market. But we hope that the bulls will defeat the bears and this will be helped by the whale investments and we will get a growing market.

pumps can provide more confidence and hope in the hearts of traders or holders. this is good and may create enthusiasm and also new investor to enter into crypto market.

BTC is climbing and I think we will have wave soon. I didn’t get on the $6300 train.... and I lately bought at price $6600. So regret!!

Whales don't only think about investments here though. If you have the means to affect the market with what you do, won't you take advatage of that? And since most alts in the marker directly require btc for both buying and selling, it can't be helped that btc will be a big catalyst on how the market will move

I think yes it just a bull trap. We will see 5600-5400 soon. And then bounce back to 7000 IMHO. Be careful market now very manipulative.

Agree, at 7K the whales will repeat what just happened!

I think with what we seeing in the market will make people scare and worry about buying and selling because they think the price can go up and down without warning. and yes, it's scared me too and in a few days ago until now, I am carefully to buy and sell bitcoin because I don't want to get stop at the high price and need to wait for the price to back the increase.

The previous days pumps seem artificial, there aren’t any significant BTC volume increase. With good news coming up, it doesn’t seems to be able to drive the volume up.

could you exactly explain the last traps and pumps.
i think therer should be a higher bullrun will perform last q of this year

Although, the bitcoin market has already strengthen at the $6000 price range but the pump in price which happened a couple of days is not enough to sweep off all the current FUD in the market now. I have the feeling that something good will happen next week though..

This is the market. The market on which there is a lot of money. The market on which there are very strong players. Of course they will do everything in order to take money from small people (hamsters). All that is happening now is simply manipulating the price in the market. Those who have enough endurance, at the end of this game will be rewarded. We can only wait until the whales play enough, then we can join the game and tear off a piece of profit.

Your feelings are incorrect: BTC under 6K

Yes the crypto market is a scary and dangerous place for new investors atm! The bears are firmly in control, and any buying by bulls or day traders is quickly met with selling and shorting driving the price lower. Bitcoin at $5.9K presently has now broken down through its long term support level of $6K, and is likely to go lower. No place for new or inexperienced investors to be buying the small rallies unless they have nerves of steel, but it is always hard to judge the bottom except in retrospect and I still believe that investors buying at these levels will be well ahead by end-2019 after the next big bitcoin market rally finally comes!

The bottom is easy to identify: You need to do some due dilligence or leave crypto! This website is full of novices!

Well, is not something I felt but I predicted and yes the price does dumped below 6K but how many hours does it took the price to bounce back. Meanwhile, the price dump below 6K cause the marketcap is already closed for the weekend.

A bull trap and that is it. Remember a little bump has created to catch a lot of little shrimps. it looks true because the majority of people will try to think for so many time to re-invested again in the cryptocurrency.
That such a manipulation should not be exist.

They do not interfere with pumps, a depend on bitcoin. If this were not then we have already seen a lot of new, and most importantly very close to the price of bitcoin coins. But so far no one wants to violate this tradition.

pump is only temporary and I think btc will not be able to reach $6500 in the near future. the decline is not over and I'm sure it is.

I think we probably all anticipated that prices would bounce back up around this point - it's the same point (around $240-250 billion for whole market) where we bounced back earlier this year after the big dip. There is a lot of resistance at that point. As for the reason, who knows? Certainly bitcoin movements can pull the whole market along with it though.

There is no demand for Bitcoin. The pumps and dumps are trading bots and whales. After a pump or dump the price flatlines with a negative bias: FACT of life. If sentiment changes and new demand is created it would be a different story

Yeah that's true but no need to expect more than your expectation wait the right time because i think this year is the year of corrections for bitcoin.
All bitcoin holders is expecting bitcoin gain again their price into the market place including me but ofcourse need to accept the reality and wiat for the right time for us to earn profits.

we are far away from the increasing of the price so I think it will get downs again in this few days later. but I still sure that new demand will create and it will attract more people to come to bitcoin. the downtrends still happen and we don't know when this is over but we need to believe that in the end, bitcoin price will increase higher than now.

I think this is only temporary. The cryptocurrency will be affected by Bitcoin. Only Bitcoin will rise when it rises. The rise of the coin is only temporary.

Another Bitcoin pump today: This market can not be trusted at the moment. A whale could liquidate his position today and send the market back down. There is no real retail demand!

Such traps are everywhere, in any sphere of economy. Even banks have bad reputation, but people put money there and deal with them.

Everything in the world is going downhill!

its always same. btc price affect the whole market . if its go down than all alts go down if its pump than all market recover. Now we are on the edge of big pump or dump. it has been long time that we are on bear market. After now we will see big dumps or big pumps and no one know what comes next. we are all waiting now for bull runs and hopefully it has started today.

Tell the Department of Justice that you bitch! They want Tether and Bitnifex to go down! This market will prosper without them.

yes, that's what people are looking at and waiting for, whether the market will pump or dump, so even though the current rate of bitcoin or altcoin prices drops very far from the highest price level but people are still afraid to invest and trade at current prices which is happening in the market, so many more people are waiting for the situation to happen next in the market.

You have no idea saying that bull run might start today: One entity did 2 pumps and the BTC price is lower than what it was pumped too. That equates to a negative demand for BTC today! Wake up bitch! You are a FOMO person that has no idea about market metrics!

Bitcoin is very disappointing, as manipulation happens everytime in my own eye. Bitcoin and alts are not following the normal price atcion. Unlike in Forex where everything is aligned with the price chart .

The last prices have had a really bad effect on the people who are newly trying to understand the crypto world or trying to choose a good investment way by the cryptocurrencies. I hope we can see the prices more idependent from bitcoin and the altcoins prices will be much more free.

It's scaring newbies away not people.Investor look at these dips as a good opportunity .

These drops are a part of bitcoin, they happen every time.Only newbies gets scared of such lows.For them bitcoin is like a money making machine, which according to them can never drop.Even if it does, then its becomes a ponzi scheme(for them).
Don't worry, it will bounce back.

small pumps just to shock the small traders who don't have the ability to hold. it will make a small trader a long bone and then hurt again. and for those who are not strongly held, will sell it to the pump. manipulation of the popes to panic buying, and panic selling.

It still aint bullish unfortunately.

that's the unique thing from cryptocurrency. it is volatile and not regulated like forex. what important thing is just follow the stream and don't force in it.i think bitcoin still easier than forex do

It is very obvious how's crypto prices depending on bitcoin trend, it's good to see right now that market are turning back into green as Bitcoin price climb up a little bit. Even though we don't think this is a start for recovery but we just hope that everything will change and market well be with us again after from almost 6 months in dip.

It's sure revolves around bitcoin since the pairing is mostly with bitcoin,  the only way market can get itself from the revolvement is when almost all altcoins are paired directly with Usdt

Your kindly right on this one mate,this is how tthose manipulators do and become victim the small investors

They will pump the price to attract investors not knowing that this is only a bait and when they bite this bait then they're funds will be trapped and will harder to recover,i hate this kind of system now

A lot of the reasons on which you do not know to regulate the price of bitcoin and unfortunately, neither the whales, nor the ordinary investors do not affect the price of bitcoin.

Yes I think it is somewhat true that the market sometimes revolves or depends on bitcoins pump and dump. But we all have to know that there are people behind these pump and dumps, I may not have evidence of it but based on some exchanges I’ve noticed there are huge buy and sometimes sell order which are so surprising.

it makes people afraid and worries to see the market and they are really panic about this. but I am sure that if the market is down, there are many people that still hold their bitcoin and don't sell it because they know that the real pump will come and will push the price to increase higher. maybe we are going to see another surprise in this week and in the next months.

Yes a lot of reasons with the bitcoin price to pump the more users involved investing and the more demands will increase the price. The cycle always goes like this with low trend and up trend however, at least were seeing recently a good moves in the market.

many news stories that make bitcoin prices decrease, like hacking, and more. but a lot of news that makes bitcoin prices pumped. but at this moment it may not have been so influential on bitcoin prices, because you can see for yourself that bitcoin prices have not fully recovered. I hope the next few weeks bitcoin and altcoin prices will soon recover

You say good moves: Bitcoin price has not gone up since the pump high: No demand for Bitcoin cowboy bitch. Stop saying ridiculous things and hone in on supply and demand. Bitcoin might go up but is destined to crash hard after that without proper demand!

Yes, the market is currently declining. All cryptocurrencies are centered around bitcoin, and only the other coins in bitcoin will rise. :o

Lol yeah i agree with you there. The current state of bitcoin clearly say that interest isn't as high as before and the market movement right now is more on manipulation that a case of supply and demand.

No doubt market is being manipulated. But here buyers are overpowering sellers right now and this caused the recent pump. Taking price down to the lower support level was the part of manipulation. But this pump was a natural one. Now BTC is testing $6450 resistance and if it crosses it, price will go directly to $7k+ which will definitely going to bring a pump. But whether the pump is temporary or not will depend upon the future trends after BTC crosses $7k.

I think they are a success to create people panic and push the price to get down in this few weeks. I think it could be a trap for people which don't have any confidence to still hold their coin so they can do panic sell. this will makes people afraid to invest in bitcoin if the conditions still like this for months because they will think that bitcoin can be a scam in any time.