Pumps from hedge funds, are they really dangerous?

[fabiorem]

I'm trying to buy bitcoin for four weeks now.

My fibo retracements are failing every time. My orders just sit there. The price keeps rising, theres no real dip.

Who do you think is pumping it? I think it is the hedge funds who are going to play with CME futures. They are coming with billions of dollars.

If they dump it in a short gambling, what do you think would be the extent of damage? How much would it fall? We cant use TA here, because it is clear human manipulation.

Do you think it is dangerous to buy bitcoin right now?

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[joinfree]

You are using fibo to analize crypto currencies, that is your big mistake.

it is the same as saying that you are sitting on your chair waiting until your Bollinger Bands tell you when to buy at a cheap rate. Stop using fibo if you want quick results.

2* Do not wait for a dip, it is not going to happen, at least not for now because the CME, and a lot of other kind of economic fields like this one are going to introduce to bitcoin, so if you are expecting a dip, it is going to happen later, not soon.

And hedge funds? what do you mean by that? far as i know the cme is not an hedge fund.

[cindygirl]

There may be mass manipulation by big investment funds but what can we really do about it? Nothing? How does that influence the price? Well it means it will pump up higher than before until they want to sell, same as any investment. The only difference is maybe now you've got people who are more educated with large sums of money and so maybe they won't panic like smaller investors and we won't see the same dips as we used to on the slightest of news.

[coolstory]

I'm not sure if the one doing pumps are hedge funds, but they're dangerous anyway. We observe many fake pumps in the market and this is probably done by serious capital ventures or hedge funds.

[btcbonanza]

I'm trying to buy bitcoin for four weeks now.

My fibo retracements are failing every time. My orders just sit there. The price keeps rising, theres no real dip.

Who do you think is pumping it? I think it is the hedge funds who are going to play with CME futures. They are coming with billions of dollars.

If they dump it in a short gambling, what do you think would be the extent of damage? How much would it fall? We cant use TA here, because it is clear human manipulation.

Do you think it is dangerous to buy bitcoin right now?

Past history of bitcoin shows that it rise by 5 and fall by 2, and stabilize at 3. Same formula is keep floating till now. So as it reach $20K, there will be some correction and it will return to $19K then again jump to $21K, and so on.
You need not fear about this rise, CME has very little to play in it. More than CME, it is speculation effect coming from CME which shaping price.

[alani123]

No small group of entities is responsible. Many people and parties are contributing by many different means, so you wouldn't be able to correctly and with certainty attribute ongoing events to certain entities. At least not with sufficient proof.

[jjacob]

I'm trying to buy bitcoin for four weeks now.

My fibo retracements are failing every time. My orders just sit there. The price keeps rising, theres no real dip.

Who do you think is pumping it? I think it is the hedge funds who are going to play with CME futures. They are coming with billions of dollars.

If they dump it in a short gambling, what do you think would be the extent of damage? How much would it fall? We cant use TA here, because it is clear human manipulation.

Do you think it is dangerous to buy bitcoin right now?

If you really wanted to buy bitcoins, why didn't you just go ahead and do it at the market price? You would have riden the boom until now and made good money. If you had managed to buy at a dip, the gains would have not been significantly higher than buying at the market price and holding.

[Anonylz]

The real problem in here is that a lot of people are thinking that the futures are going to manipulate the market/price (shorting bitcoins)

A lot of people thought than when the CBOE were going to launch their futures, they were going to use all their money to short bitcoin, but that is a suicide move for them.

No small group of entities is responsible. Many people and parties are contributing by many different means, so you wouldn't be able to correctly and with certainty attribute ongoing events to certain entities. 

And tell me, did it happened? No, the price went up by more than $1000 in just a few minutes after they released the futures in there.

[thecodebear]

I'm sure hedge funds are buying some of the Bitcoin, but there are a ton of new people moving into Bitcoin everyday now. Just look at the things that Coinbase has been saying - their user base is rapidly increasing like they've never seen before. Its not hedge fund money in particular, its just a ton of new money from a range of sources, including organic growth.