Market revolves around Bitcoin pumps

[aardvark15]

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

The crash and volatility does scare away weak investors. That’s normal even for the stock market. It’s like pruning away dead branches because after those weak investors drop out. The market is healthier and more stable and we could likely see a gradual increase in prices.

I’ve seen this happen before and I think it is just the way markets react after a bubble and then a crash.

[Suslived]

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

I somewhat agree. Most of the altcoin values are directly correlated to bitcoin price and consequently, when bitcoin pumps or dumps, altcoins usually follow suit.

However, I do strongly feel that this is not a problem and should not be a reason for people to scare away from bitcoin or crypto in general. The problem is that this happens because most altcoins are traded against bitcoin pairs. If you take a minute to think about it, the value decreases because the value exchanged for bitcoin also decreases. It is not that people are losing faith in the coin, its just people preserving value in their investments. They most definitely always buy back in anyway.

[asriloni]

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

Do you consider it as a bull trap to catch the little shrimp like us? it could be right or it's not 100% right. As far as I can see that the market is rebound right now and you can see that about how the bitcoin gets more stable and I will try to catch another increase again soon. When whales will be entering to crypto again and there will be massive buying to the crypto.

[Sephire]

There is no news and the small bounce bitcoin and other coins had this week can hardly be called a pump. It is just the next rise from a bottom and can turn into a major rise once the downtrend of last few months can be broken.

[Leah38]

Good day. Few months back I assumed bitcoin will recover by June but didn't actually. It would pump a little and goes back down to 6k$. Some even wait for it to go down at 5k$ and buy. Not good for those who bought at a higher value but good chance to buy for those waiting for the dip. I'm holding Ethereum and because ETH value goes down with BTC value, I'm also waiting for 1k$ per ETH or closer to cash out. Its a waiting game. Hope all will recover soon.

[jamesashmore1964]

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES

Bull trap? you can tell what you want to tell with those opinions on your mind about it so do you know when this bear trap will end?

I believe these pumps are creating less confidence in the market and scarring people away!

More pump, more investors, more attraction.

After a pump the market goes sideways: no real demand. This market has a lot of developing to do!

[Wolfwar]

Good day. Few months back I assumed bitcoin will recover by June but didn't actually. It would pump a little and goes back down to 6k$. Some even wait for it to go down at 5k$ and buy. Not good for those who bought at a higher value but good chance to buy for those waiting for the dip. I'm holding Ethereum and because ETH value goes down with BTC value, I'm also waiting for 1k$ per ETH or closer to cash out. Its a waiting game. Hope all will recover soon.

it is very difficult to understand the users, because some are worried that bitcoin dropped even lower than 6000 dollars, while others expect an even greater fall. We must be aware that with the drop in the price of Bitcoin, the crypto-currency market will fall. This will, of course, negatively affect most promising projects.

[Bardman]

There is definitely something going on in the shadows. The infamous Bart simpson patterns are happening quite often these days, the market goes up, stays sideways, drops, sideways, up etc etc. It's definitely not something that happens randomly.

[Mr.Gun]

chances are that if the price of Bitcoin returns the market will soon be stable again because many people say if soon the bear market will end and with the end of the market bear all will return to a stable price and could benefit again

[DZU1410]

Unfortunately the whole market depends on the movement of bitcoin and this is not the best condition for the market. But we hope that the bulls will defeat the bears and this will be helped by the whale investments and we will get a growing market.

[Ghebung Masam]

pumps can provide more confidence and hope in the hearts of traders or holders. this is good and may create enthusiasm and also new investor to enter into crypto market.

[Klovezio]

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

BTC is climbing and I think we will have wave soon. I didn’t get on the $6300 train.... and I lately bought at price $6600. So regret!!

[gabmen]

Unfortunately the whole market depends on the movement of bitcoin and this is not the best condition for the market. But we hope that the bulls will defeat the bears and this will be helped by the whale investments and we will get a growing market.

Whales don't only think about investments here though. If you have the means to affect the market with what you do, won't you take advatage of that? And since most alts in the marker directly require btc for both buying and selling, it can't be helped that btc will be a big catalyst on how the market will move

[crypto1nvest]

I think yes it just a bull trap. We will see 5600-5400 soon. And then bounce back to 7000 IMHO. Be careful market now very manipulative.

[jamesashmore1964]

I think yes it just a bull trap. We will see 5600-5400 soon. And then bounce back to 7000 IMHO. Be careful market now very manipulative.

Agree, at 7K the whales will repeat what just happened!

[nisya]

I think with what we seeing in the market will make people scare and worry about buying and selling because they think the price can go up and down without warning. and yes, it's scared me too and in a few days ago until now, I am carefully to buy and sell bitcoin because I don't want to get stop at the high price and need to wait for the price to back the increase.

[Caesar-Giulius]

The previous days pumps seem artificial, there aren’t any significant BTC volume increase. With good news coming up, it doesn’t seems to be able to drive the volume up.

[blacktux88]

could you exactly explain the last traps and pumps.
i think therer should be a higher bullrun will perform last q of this year

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

[suzanne5223]

Many Bitcoin pumps in the last seven days: TRAPS to make money from small retail investors?
I think YES
I believe these pumps are creating less confidence in the market and scarring people away!

Although, the bitcoin market has already strengthen at the $6000 price range but the pump in price which happened a couple of days is not enough to sweep off all the current FUD in the market now. I have the feeling that something good will happen next week though..

[electron-coin]

This is the market. The market on which there is a lot of money. The market on which there are very strong players. Of course they will do everything in order to take money from small people (hamsters). All that is happening now is simply manipulating the price in the market. Those who have enough endurance, at the end of this game will be rewarded. We can only wait until the whales play enough, then we can join the game and tear off a piece of profit.