Yes, why the hell a pump?
Dumping is far less profitable without a well-orchestrated pump. People have forgotten that making money is hard work, expect to get rich by just waiting for it to happen.
After all, just one exchange has opened up, an exchange that can't give immediate results but it will give results definitely in a long run.
No harm in rationalizing, I suppose. Missed opportunity is how I see it.
Well I am glad people have forgotten how to make well-orchestrated pumps that will most definitely be followed by self-orchestrated dumps.
I believe that you can never have enough good, reliable, legit exchanges, especially after all of the exchanges fiascos that we had until now in history. So no, nobody is late for a party in my opinion!
Money isn't magic, not even bitcoin. It doesn't grow on its own, Mike. Don't buy into the whole "just buy my bitcoins, keep them in cold storage, and, after a few years of doing nothing? Hey presto! You're rich." thing. Where do you think the value of your bitcoin comes from, if not from the people who buy them from you? And why would they bother buying your coins, if you don't make them
want to buy them?
And people will only want your coins if they think the coins will be worth more tomorrow, agree?
Well, making them think (the coins will be worth more later) is called "pumping," or "pimping." Pumping is hard work (as is pimping, which also ain't easy). It takes a well-coordinated, consorted effort by a large, multitalented crew, with all working as one towards one common goal: maximizing profit. Successful pumps can go on for quite a while, and the dumping, when done skillfully, doesn't kill the pump--when done prudently, it's not even
called dumping, but rather 'locking in profits.'
Re: "honest exchanges": People like to dump on the likes of Big Vern and MagicalTux, but they're the guys in the trenches, doing our dirty work, what needs to be done. They put us on the map. Without their able tutelage we'd be trading in the low single digits and mining with our CPUs.
