Can bitcoin be pumped-and-dumped?

[pandalion98]

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

But what about Bitcoin?

[NorrisK]

It should very well be possible. Take a look at ethereum for example. 1 billion market cap and getting pump and dumped like no tomorrow with volumes spiking to 100k bitcoin in 24h.

With bitcoin it may be more difficult as there are much more exchanges that have high volume (ethereum only has poloniex, which sets the market price). In addition, the coins are much more spread around to more hands, making it more difficult to prevent early dumps.

[franky1]

ethereum is only on a couple exchanges and even though it has a so called billion cap, the amount of coins actually on an exchange is small.
so ethereum can be pumped easily by concentrating on those couple exchanges.

bitcoin however is spread out on many exchanges so trying to pump and dump it takes not only alot more coin/fiat but also having it all spread out on multiple exchanges, to ensure that all exchanges follow the pump/dump instead of working against your efforts

also some of them exchanges halt trades if a pump is happening so yes you can create movement, but an large spike or drop of more than 20% (meaning a real pump or dump) is not easy to do anymore.

it use to take minutes, now it takes hours/day to achieve and there is no guarantee's that your attempts to dump are not defended by others buying up ur hard work as they see it as discount day.

in short.
ethereum is a useless coin with no real world usage and limited exchange coverage. so when a dump happens people dont assume its a discount day, but see it as a stay away and let it plateau before deciding what to do

bitcoin has millions of uses (300k merchants selling multiple products) and many exchange coverage, so when a dump happens people are eager to grab it at a discount and not wait around.
not saying its impossible to pump and dump, just saying you cant make it drop/rise 20% in 10 minutes anymore, theres too much resistance

[Viyamore]

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

But what about Bitcoin?

That's possible as long as they have the big amount of bitcoin and they pump or dump bitcoins as a group just like what altcoin goes .
Even bitcoins habe many exchanges it will surely have a big fluctuation .as they example the ethereum the second largest coins which have a big fluctuation even its market is so high .
I believe all things possible .the holders of bitcoins are people so the people also can do pump or dump it.

[BingoDog]

I think pumping and dumping are happening all the time with Bitcoin price. There some big owners of Bitcoin, whales, who have their own interests when it comes to the Bitcoin price and they influence on it. And some other factors on the market too but I think that individuals can strongly make impact on Bitcoin price.

[pinkpanther03]

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

But what about Bitcoin?

Definitely yes there is a big possibility that they can pump and dump which is bitcoin. That will happen only if the big whale investors group decide to control the price of bitcoin. Just same thing what is happening in the altcoin.

[bravehearth0319]

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

But what about Bitcoin?

Certainly yes! this is just same thing what is happening in any altcoins,  and most of the time pump and dump is happened in yobit in the different shitcoins over there in that exchange.

[Hazir]

At this point of time every coins can be pumped and dumped. Coin market cap is simply not big enough to become immune to organized speculation of whales or overreacting masses of people.
The truth is - higher the market ca, wider the adoption - it is harder to pump&dump coin. Bitcoin with 10 billion market cap is not as susceptible to pumping as lesser altcoins with only couple million market cap.

[Delawer]

Movement of bitcoin depends on many factors. Now is possible to trade leveraged, fork the system, exchanges inventory.. but probably the most important is the reliance on the bitcoin and their surrondings. i.ex lets say insiders aware of a big buy of a huge company from a bank. Then the bank will convert fiat into btc, wich will impact the price- then the rest people that aware of this first join in the movement product a dominoe effect that trap to the last ones.

Example2: flash crash on the desks of the firms : "pull everything! pull everything!" The world loose confidence in their finance system

[Red-Apple]

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

But what about Bitcoin?

it is called manipulation, and it depends on many factors.

one of them is the size of the market, altcoin markets even the biggest ones with the most hot air, are small compared to bitcoin market size. i am not talking about market cap, but the trade volume, the number of investors and many other things.
so it is so much harder to manipulate a bigger market.

also it depends on how many weak hands are in the market, AKA how many newbies that will sell with the first FUD and will run to buy with the first hype.
and as you can see there are quite a few of them around so it becomes possible even in bitcoin.
but again since the market is so much bigger, the effect of it will be small.

[mobnepal]

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

But what about Bitcoin?

If we compare bitcoin marketcap with the traditional forex market than it is actually very low and as bitcoin being traded in forex markets, yes it is very volatile compared to other assets and currency pairs. So few whales holding thousands of bitcoin can easily manipulate the market if he like, but i don't think it can be like 100$ within a single day. Large dumps and pumps may occur due to some natural trading movement with fear and over speculation after whales try to move a market a little bit.

[isoneguy]

Yes, any stock or coin can be pumped and dumped.

The problem with bitcoin is that it's large enough you would need substantial financial holdings to make a difference.

I'm talking millions of US$ in bitcoins.

[23dzmaz]

I think yes, bitcoin can be pumped and dumped by big whales that have many bitcoins. I'm sure if they buy/sell all the bitcoins by bulk, it will change the price of bitcoins.

[severaldetails]

Maybe pumping bitcoin is easier than we think.
Of course you still need a lot of money, millions probably.
But aren't there times when the normal users are not aktive, only the bots? Like weekend?
Such a timeframe would be the best if you wanted to give bitcoin a bump. But it would not last very long I suppose.

[BitcoinPanther]

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

But what about Bitcoin?

I think bitcoin can be manipulated by whale.  They can be dump but it will be hard to pump since it needs multi million dollar in order to affect bitcoin price. Dump very possible, but pump is a bit hard. Unless there is conspiracy between big holders and the group under them.

[Mumbeeptind1963]

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

But what about Bitcoin?

Bitcoin can pump and dump by community if we help together we can pump it and dump it, and if you have many funds there you can dump it and pump it but im not sure if this is profitable if you pump the coin and dump because you can loose your funds there. Many investors do this to earn.more bitcoin because they always do is dump so that they can buy at low price.

[kanazawa]

I think it's very difficult because the distribution is immense and since many people have huge amount of money and "I think" even if the movement looks like a p&d it's not so easy to do as it was in 2013 i.e. With altcoins is much more possible because it's not so distributed like BTC (witch it's not in yhe very early stage). Well, this is just my opinion.

[Capradina]

It is indeed the circulation of any altcoin or crypto. so it is not a serious problem for us who could benefit in the bitcoin or other crypto. Because it is one of the events that could make us a profit greater than the day that have stable prices

[HeroCat]

I do not think so. Bitcoin market is too large, therefore it is almost not possible to pump it and dump it. The other question is if one of very large international currency buyer/seller will start to do something with Bitcoin.   

[Darwin02]

Its normal for crypto currency that the price is volatile but the good thing about bitcoin it will getting hard for it to die or dumped too much we have many investor in btc all of us do not want to loose mostly the higher investor. Getting low the price of bitcoin means profit ithink so many People buying it when it's cheap and then the price rise again.