Can bitcoin be pumped-and-dumped?

[CoinBreader]

just read this https://www.cryptocoinsnews.com/bitcoin-whale/

the best spot is this

Code:

[14:07]  | ;;market buy 10000
[14:07]  | Bitstamp | A market order to buy 10,000 bitcoins right now would take 6,213,164.9471 USD and would take the last price up to 660.8200 USD, resulting in an average price of 621.3165 USD/BTC

You think this this guy can or can not pump & dump btc ? 

Thank you for the link.  I enjoyed that read.  At least now I know that I need to get out of the "whale's" way or be crushed in the process.  I thought my btc savings were going to give me some power, but after glancing at those monster accounts I see I am really just along for the ride.  I really believe this will change in the long run.  I base that on the concept that demand will soon grow faster than new coins can be mined.  As those whales sell off the big block wallets will get spread over several smaller ones and then again sold to even smaller ones, until eventually coins may get spread around to what I'll call the general public's use.  Talking a few years here, but I am in this for the long haul.

well till then the best tactic to go with is keep your btc savings invest in decent alts after doing your homework (reading, monitor their progress, buy on rumors sell on news etc ) and try to swim along them !

[warwar]

just read this https://www.cryptocoinsnews.com/bitcoin-whale/

the best spot is this

Code:

[14:07]  | ;;market buy 10000
[14:07]  | Bitstamp | A market order to buy 10,000 bitcoins right now would take 6,213,164.9471 USD and would take the last price up to 660.8200 USD, resulting in an average price of 621.3165 USD/BTC

You think this this guy can or can not pump & dump btc ? 

Thank you for the link.  I enjoyed that read.  At least now I know that I need to get out of the "whale's" way or be crushed in the process.  I thought my btc savings were going to give me some power, but after glancing at those monster accounts I see I am really just along for the ride.  I really believe this will change in the long run.  I base that on the concept that demand will soon grow faster than new coins can be mined.  As those whales sell off the big block wallets will get spread over several smaller ones and then again sold to even smaller ones, until eventually coins may get spread around to what I'll call the general public's use.  Talking a few years here, but I am in this for the long haul.

well till then the best tactic to go with is keep your btc savings invest in decent alts after doing your homework (reading, monitor their progress, buy on rumors sell on news etc ) and try to swim along them !

I agree you should monitor, read news about altcoins, rumors of it, and predictions also the history of it to know the behavior of the altcoin. Trading is all about knowledge patience and hard work you can earn a lot of it if you are good

[goldcoinminer]

Bitcoin is a big market now and we barely see a pump and dump game because the real movement of the price is because of the true event that is happening in the market, you need to keep yourself abreast of the latest information if you want to be a successful investor or trader.

[ayesha sadiqa]

yes bitcoin can pump and dump depending on the interest of the people, if people start buying bitcoin and the demand is greater that supply then surely the price of bitcoin will increase, but if the demand of bitcoin is decreasing and people start selling bitcoins then the price of bitcoin will decrease but the price of bitcoin cannot e effect by a single or few persons just like alt coins,

[TraderETH]

I think yes, although it is needs much capital for doing it and depend on strategy of trading from bagholder because it is dangerous if doing without good calculating, will same with burn money.

[Wind_FURY]

Yes, if someone has much money and he has nothing to do with this technology then pumping and dumping bitcoin is easy for him but since there is a large number of users and a great community, it is difficult to do it within a short period of time.

Personally, I don’t see any possibility of such incident in near future because panic selling awareness is increasing, everyone is getting aware about the potential of bitcoin so in such case people will acquire more and more bitcoins in price fall.

It is not difficult to do even with a large number of users. Most of the users have less than 5 bitcoins and even more so have less than 1 bitcoins. Where do you think the large volatility of Bitcoin comes from? Yes, it comes from the traders and speculators going in and out of the market. It is no different from the frequent pump and dumps we have seen with altcoins. But pump and dumps are not the problem entirely if you are a Bitcoin holder. It is the volatility that is the problem. It is so stressful to see your savings drop down in value at any given day. So to lessen this volatility in % terms, Bitcoin will have to reach the price of $10,000 or more because any volatility in the $100's of dollars will not matter so much anymore.

[Robertqueen2]

I often see this in the altcoin world since their market cap is pretty low or nonexistent altogether.

But what about Bitcoin?

Bitcoin can be pumped and dumped naturally when a bad event happen like what happened with Bitfinex, and before it satoshi's message and several other events, from other side, Bitcoin can be affected by more exchanges and economic institutions.

[djank]

as long bitcoin in exchange, yes it is can be pumped or dumped. But if not, ofc it can't

[randy8777]

I think yes, although it is needs much capital for doing it and depend on strategy of trading from bagholder because it is dangerous if doing without good calculating, will same with burn money.

whales team up to get the price to be pumped up. if a single whale would try to pump the price, then the chances of seeing the price get dumped down, and all his effort go to waste, are very high. if you do it with other wealthy traders, then you can achieve much more, and the chances of succeeding are much higher.

[harizen]

I often see this in the altcoin world since their market cap is pretty low or nonexistent altogether.

But what about Bitcoin?

I'd like to point out with the current situation since we all know that bitcoin back then is purely manipulated.

Anyways, in my own observation it's more easy today for the big whales to make such bearish act (dump) rather than by bullish act (pump) since for big whales to start a price increase rally they must be successful in some numbers of big bitcoin exchanges. It will really need lots of efforts and money to start a trend.

Chinese exchanges is the most targets. If they can start a trend there it's a good start and if all other traders in others exchanges will follow the trend it will result now for a price increase rally. Small players will ride the trend too.

Anyone feel free to correct me if Im wrong about my thoughts.

[deisik]

I often see this in the altcoin world since their market cap is pretty low or nonexistent altogether.

But what about Bitcoin?

I'd like to point out with the current situation since we all know that bitcoin back then is purely manipulated.

Anyways, in my own observation it's more easy today for the big whales to make such bearish act (dump) rather than by bullish act (pump) since for big whales to start a price increase rally they must be successful in some numbers of big bitcoin exchanges. It will really need lots of efforts and money to start a trend

I don't quite understand how you came to this conclusion, namely, that it is easier for whales to dump than to pump? You say (I'm paraphrasing your words) that their efforts should succeed at major exchanges if they aim at pumping, right? But how is it different from the situation when they want to start a dump session, so to speak? Shouldn't they succeed there as well? As I see it, it all primarily depends on the current market sentiment (bullish or bearish)...

So this is essentially a moot question unless further clarified and specified

[BitcoinPC]

Bitcoin always still a live in future, if market dump and pump, if price low so it doesn't mean that bitcoin might be end, Actually we have to clear our mind that bitcoin is a crypto currency and its price always be up and down, and bitcoin is ones most popular crypto currency, which price give us good profit.So it doesn't matter if bitcoin's price down, when price down, so its mean now recently bitcoin price would be go up.

[Hirose UK]

I often see this in the altcoin world since their market cap is pretty low or nonexistent altogether.

But what about Bitcoin?

just like altcoins, bitcoin can be pumped and dumped. it's done by some big whales, or community who has a lot of money.

but pumping and dumping is not doing by only those whales and rich man, when many people sell their bitcoin also can affect the price of bitcoin. and there are still many factors to pump and dump bitcoin.

[Oralmat]

I often see this in the altcoin world since their market cap is pretty low or nonexistent altogether.

But what about Bitcoin?

I think it is not a valid reason that bitcoin is going dump, You can see now bitcoin price is growing and it is again good for us, because last 3 months bitcoin down, but now again bitcoin is going up, so its mean we can make profit again. We all know that some time bitcoin is down and sometime bitcoin is up, both are better for us, because when it is down so we buy it and when it is up than we can sell it and get profit.

[betlord90]

I often see this in the altcoin world since their market cap is pretty low or nonexistent altogether.

But what about Bitcoin?

The bitcoin is erratic price may rise and descend so difficult to predict whether it can halt pump and dump . But bitcoin is best to invest money because you can earn big time increase the price of bitcoin . So the bitcoin is pump and dump its price because many investors manipulator in bitcoin .

[Doms]

With the relatively small market cap, comparable to a very small company in the stock exchange, it can surely be manipulated. The question is for what purpose? Is it because of its decentralized nature that it is easier to do such things?

[fatima zuhra]

yes there is no doubt about this some time bitcoin prices pumps a lot while other time its price dumps when people show interest and they start buying bitcoin the price of bitcoin goes up but when people start selling bitcoin then the price of bitcoin fell down but it is the nature of bitcoin to go up and down having  a lot of fluctuation in its price.

[mirakal]

yes there is no doubt about this some time bitcoin prices pumps a lot while other time its price dumps when people show interest and they start buying bitcoin the price of bitcoin goes up but when people start selling bitcoin then the price of bitcoin fell down but it is the nature of bitcoin to go up and down having  a lot of fluctuation in its price.

That is the game here and only those who have great patience will succeed, the price will surely pump and dump because we do not have a stable market and we are still in the early phase, it could be manipulated but if you believe in bitcoin you will not do panic selling as for sure we can see a good price in the future.

[nealvanessa990]

I often see this in the altcoin world since their market cap is pretty low or nonexistent altogether.

But what about Bitcoin?

Obviously bitcoin can be pumped-and-dumped.The biggest pumped-and-dumped was at the end of the year 2012 and beginning of the year 2013.Some people have lots of money they are doing this for their profit.Its really bad for small investors they loose their all investment.