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Author Topic: Is Bitcoin going to be forever pump and dump?  (Read 880 times)
Kprawn
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March 24, 2018, 12:19:30 PM
 #21

Bitcoin is not a Pump n Dump, because it is still here.  Grin .... The real Pump n Dump coins are the small cap Crypto

currencies. People buy a lot of the coins in the early stages and then they hype the shit out of it with fake news and fake

data. Once it increase in value, they dump it and  move onto the next coin. You still think it is a penny-stock that can be

pump and dumped?

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vintages
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March 24, 2018, 12:32:54 PM
 #22

Well, unfortunately yes it is. Its just in it nature to be unstable. These dumps and pumps in cryptocurrency are as a result of how people buy and sell; the higher people buy, it pumps and the higher people sell, it dumps. Its not in anybody nature to make it stable. And it sometimes shows that they are not been manipulated. But if you want a coin which might be stable one day, then go for Ripple.
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March 24, 2018, 12:39:41 PM
 #23

This can be solved only if bitcoin is used primarily as a payment medium. Currently, I am seeing that people just want to make money with it and this is the reason for all the manipulation occurring at large scale.
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March 24, 2018, 12:40:47 PM
 #24

 
 pump and dump will be forever? nobody knows when the bitcoin price will be stabilized. if the bitcoin price are stable? i think the numbers of traders and investors will be decreased and they will be quit. what they will doing if the bitcoin price was stabilized? hmmm.

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March 24, 2018, 12:47:08 PM
 #25

All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this? Isn't there going to be a stage wherein the price will be stable? Cause it seems like riding and leaving a virtual money vehicle. Any thoughts will be highly appreciated.
No assurance in your question because that's it run in the first place here and why you ask that i think it's good by that so no need to ask then don't rely your life here in crypto because base on your post you want assurance OP so that's can happen all are possible but it takes time so wait for that time like if you don't want this now then back if you already can accept everything here
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March 24, 2018, 12:49:58 PM
 #26

the value of bitcoin is volatile.. as you can see btc now is in dumping stage and this is expecting after pumping in these fast few days.. and these are the best way to buy some cheap tokens to hold.. and the price of btc is always unstable either the price of eth..  that is digital currency work.. Wink Wink

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March 24, 2018, 01:05:56 PM
Last edit: March 25, 2018, 09:46:06 AM by Clark05
 #27

The price of the bitcoin is decreasing last few days ago and that's not forever because the price as of now increasing again. The price dumping and pumping is a normal because all coin experienced and for sure other people who panic selling their coins because they are scared to lose some profit. Those people who wait the price increase they are strong and ready to lose money.
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March 24, 2018, 01:19:13 PM
 #28

Lol. I don't know if you have been living under a rock for a long time or you are just very new to crypto and bitcoin. Bitcoin has never been a pump & dump. Look at how many years it took it to reach the heights of last year. It is was a pump & dump it would always be very unstable and wouldn't have reached such heights. And currently bitcoin is the most expensive coin out there. Traders hardly do pump & dump with expensive coins due to the high risk nature of the monetary value, they mostly use coins which are very cheap. Maybe you want to read more on this.
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March 24, 2018, 01:46:06 PM
 #29

if the btc will follow its core mission which is to be a digital currency than its price in any case must be stable and if the pump and dump continues than there won`t be any confidence to use it as a currency in real world.
This is exactly what I mean as well why I asked that question. Its because many believed bitcoin will be the global currency, but then how? If the volatility is that much. I mean if I am a consumer, I'll need to wait till bitcoin's price is up before I can buy something that I want or need. Then on the end of sellers or stores, they might not accept bitcoin as payment if the value is too low from the previous. It seems that there's no possibility that bitcoin can be a REAL currency due to it's volatility. And I understand now, thank you for all the answers. Bitcoin will never be a currency but will always be a store of value.
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March 24, 2018, 01:59:40 PM
 #30

All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this?
two people can look at the same exact thing and see different things!
just because price goes up and down it doesn't mean it is getting pumped and dumped!

Quote
Isn't there going to be a stage wherein the price will be stable?
right now it is pretty stable and there are longer periods of time where it is pretty stable. but if you want more stability, you have to wait for the mass adoption to come and also wait for exchanges to stop being shady so that more people start using them and fill the order books.

There is a FOMO brewing...
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March 24, 2018, 02:01:44 PM
 #31

Bitcoin will stabilize once the market cap reaches the same as stocks and the global economy. Expect more pump and dumps for a few more years.

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March 24, 2018, 02:18:45 PM
 #32

Expect more pump and dumps for a few more years.

This depends on the interpretation of 'pump' and 'dump'.

Bitcoin (and all cryptos) are more volatile than any other asset you can easily invest in.
Long sideway moving is not the most common thing in the crypto sphere. So of course it is going to go either up or down.

Was the 2017 bull run a 'pump' in your terms? A 1-year-pump?
And do you then also regard the correction afterwards as a dump?

Because if you answer both of these questions with 'yes', then there will be more 'pump and dumps' coming.
But pump and dumps like often happening with low cap altcoins aren't happening with BTC.

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March 24, 2018, 02:27:56 PM
 #33

Even currencies in different countries are not stable but is influenced by the supply and its demand.
As for Bitcoins, we have limited supply and miners are the one mining up the coins to be in the circulation but not more than 21 million can be mined. So the next factor that would affect the volatility of bitcoins is the adaption worldwide. For example, if there are only a hundred people who has bitcoins equally and one sold everything he have then prices would be 10% down. The fact that bitcoins are distributed worldwide, it will be harder to manipulate the prices. So if bitcoins become mainstream, volatility might not be that brutal in dumps and ups.
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March 24, 2018, 02:33:45 PM
 #34

All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this? Isn't there going to be a stage wherein the price will be stable? Cause it seems like riding and leaving a virtual money vehicle. Any thoughts will be highly appreciated.

I think no. If bitcoin will somehow reach its high or max value I thibk it will be somehow stable. Bitcoin today isn't stable because we all know that pumoing and dumping value is depends on the ysage or rate of users who are using it. I think someday bitcoim users will stop to rise and start to fall so I think bitcoin price will be stable.

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March 24, 2018, 03:04:51 PM
 #35

Bitcoin, a pump and dump? Come on dude, there is something called market forces in elementary economics. Perhaps you skipped that lecture in school. Not to worry, you can acquaint yourself with something on coinmarketcap. Just scroll down to Historical Data and click. There is a table displaying a whole lot of data on the bitcoin journey there.

You should know this is just a correction, not a dump.

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March 24, 2018, 03:13:22 PM
 #36

It will be as long as there are people who hold thousands of coins and are able to influence the market for their own benefit. To stop it from being artificially pumped we'd either need people to stop reacting to sudden dips, which we know is impossible because people are people, or we'd need the whales to stop playing the market, which is also impossible because they want to make money and are finding it easy to. Redistribution of wealth? Somebody tried that once and failed...

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March 24, 2018, 03:14:19 PM
 #37

All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this? Isn't there going to be a stage wherein the price will be stable? Cause it seems like riding and leaving a virtual money vehicle. Any thoughts will be highly appreciated.

Although, I'm not sure how this will happen but I think bitcoin will get to a stage where it is no longer volatile.
The volatility of bitcoin is due to the number of bitcoiners and how they sell and buy. However, this number will continue to rise until it reaches a certain point where no matter what happens, the price of bitcoin will be stable. But I do not think this is happening soon because the price of bitcoin will be very high before it becomes stable.

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March 24, 2018, 03:41:55 PM
 #38

It will be as long as there are people who hold thousands of coins and are able to influence the market for their own benefit. To stop it from being artificially pumped we'd either need people to stop reacting to sudden dips, which we know is impossible because people are people, or we'd need the whales to stop playing the market, which is also impossible because they want to make money and are finding it easy to. Redistribution of wealth? Somebody tried that once and failed...

I think thats the part we should begin with.
I don't think its impossible to stop whales from manipulating the price.
With regulations (at some point there have to be regulations on the way to global adoption) and the consequent higher liquidy
including non-anonymous trading of massive amounts of BTC's, whales won't be able to manipulate the market.

This is definetely not an easy task and won't be achieved in short term. But we are still in the early stage of BTC.

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March 24, 2018, 03:56:50 PM
 #39

All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this? Isn't there going to be a stage wherein the price will be stable? Cause it seems like riding and leaving a virtual money vehicle. Any thoughts will be highly appreciated.
If the current situation will continue, I think it would be. In the first place, Bitcoin is naturslly volatile , as such, sudden changes on its msrket value from time to time is always expected which includes either pump or dump. its volatility can also be a source of huge income since investors could invest whenever the price is falling and sell when its value is as its peak. So it won't totally be a bad thing.
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March 24, 2018, 04:01:05 PM
 #40

I think it will be always. And its synthetic  influence. Some people that hold a big sum of coins want to dump it value synthetically
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