Who or what is pumping Bitcoin

[Dread Pirate Roberts]

I'm not quite sure there's a pump and dump in bitcoin. one thing I believe and may happen is that bitcoin holders who still hold their coin or coin stolen from an exchange or trustee mt gox who still holds a large amount of coin who sells in bulk and buys it again to keep the price back high. now it seems like movement price pure from trader it self.

[Emmax]

sorry you are in the wrong board, here this is the board that you should be on: Altcoins board.
pump and dump is what is happening to altcoins not to bitcoin.

just because price is going up it doesn't mean it is a "pump". price has reached the bottom, couldn't go below the support which proved to be extra strong and now the trend (downtrend that has been going on for 7 months) is being reversed, so price is rising.

You are very right to advice him to make topic in altcoin forum not here. Bitcoin mining production cost is $5900 bitcoin going below that will have effect on bitcoin mining. So it will be kept between the range of mining. I always advice it will surely goes up even if it not immediately, but I'm confident that will surely goes up again. So take advantage of the opportunity and grab some bitcoin in your wallet.

[gantez]

The price of bitcoin doesn't pump. It simply fluctuates. Either the price rises or goes down. However, mostly the fluctuation of demand and supple are responsible for the price ups and downs of bitcoin.

Yes, it is clear that bitcoin is not a pump and dump coin. It is not an ico coin and real or experienced  investors don't panic when hodling "our precious" btc because it must fluctuate up for anyone to exit if they want.

[Slash61]

Whales will play a very important role in a remarkable increase, of course, can quickly raise prices fluctuate to move every minute, then trust is also important because to give market confidence to encourage whales to buy on a large scale, then be patient all that there is bound to be a big dump risk as it is prone to manipulation.

[cryptohopes]

Cant we be a bit positive? The price rise is very natural and it is not a pump. The price was supposed to go up and it is going. Don't create FUD and just spread positivity. Hope that the price soon will go up to a optimum level.   

[alexgreen8012]

Right now it seems it is pumped by whales and big market manipulators.

[Capradina]

Because Bitcoin is a digital currency that is fully controlled by the user, so I think pump and dump depend on how many users are selling and buying.
But usually, Bigwhales play in this situation. they are the ones doing the price movement.

[bloodyvio]

sorry you are in the wrong board, here this is the board that you should be on: Altcoins board.
pump and dump is what is happening to altcoins not to bitcoin.

just because price is going up it doesn't mean it is a "pump". price has reached the bottom, couldn't go below the support which proved to be extra strong and now the trend (downtrend that has been going on for 7 months) is being reversed, so price is rising.

yes that's right
nowadays it is almost impossible Bitcoin price can be pumped
pump price can only be done on altcoin with a small marketcap and that does not have much exchange

[maianh09]

What are their motives:

To pump and dump.

Or

Pump and get the price of BTC and investors confidence up. In this instance I would hope the intentions are good!

Bitcoin is like a whale's trap. They are giving the pumps work to push the market and Bitcoin goes up. They push it up and pull it down to profit for themselves. And the profits they earn from the sea breams.

[billknight]

What are their motives:

To pump and dump.

Or

Pump and get the price of BTC and investors confidence up. In this instance I would hope the intentions are good!

I think the whales are scared. If the price of the crypto market continues to fall, many will probably retreat from the market and, of course, only the whales will stay. So they will not be able to make a lot of money, and that is why they inject money into the market recently

[Slow death]

Your question is very strange, you want to know: " Who or what is pumping Bitcoin "

and then you ask this:

What are their motives:

To pump and dump.

Or

Pump and get the price of BTC and investors confidence up. In this instance I would hope the intentions are good!

all options do not seem to match bitcoin reality, so I do not understand your question and why the hell are you asking these questions?

I do not think that bitcoin prices can be pumped. This is simply due to the demand of the market affecting the price of bitcoin only

I agree

[Soots]

I'm not quite sure there's a pump and dump in bitcoin. one thing I believe and may happen is that bitcoin holders who still hold their coin or coin stolen from an exchange or trustee mt gox who still holds a large amount of coin who sells in bulk and buys it again to keep the price back high. now it seems like movement price pure from trader it self.

More holders still believes that bitcoin can be a great asset, that's why we seen that the price stabilized right now. This will help the entire bitcoin community to establish a momentum, in order for us to to develop more self control and be strong enough to handle situations that's crucial towards bitcoin price progress. Every trader should have that motivations, because we could encourage everyone day by day if we remain positive as well.

[SweetCryptoNews]

Perhaps the entire crypto currency is pumped up by large players who are profitable to sell at an expensive price and buy cheap. But this is not proven. I think in the next couple of years these sharp movements will stop and the market will show steady growth.

[bncbnc]

Whales will play a very important role in a remarkable increase, of course, can quickly raise prices fluctuate to move every minute, then trust is also important because to give market confidence to encourage whales to buy on a large scale, then be patient all that there is bound to be a big dump risk as it is prone to manipulation.

Yes we cannot ignore the role of whales in pumping the price but i think that the price is trading too much low which attract more and more investors to do investment in bitcoin. I think that in current time the increase in bitcoin price is because of the increasing interest of the people, and i am hopeful that their interest in bitcoin investment will now continue for a long time because they have a very good opportunity to make money from bitcoin investment.

[Hughes_Ryan]

What are their motives:

To pump and dump.

Or

Pump and get the price of BTC and investors confidence up. In this instance I would hope the intentions are good!

After buying the bitcoin at a low price, the whale will actively pump into the market, causing bitcoin prices to rise. After many people buy bitcoins at high prices, the whales will sell the entire bitcoin they have bought at low prices to make a profit.

[H4hire]

sorry you are in the wrong board, here this is the board that you should be on: Altcoins board.
pump and dump is what is happening to altcoins not to bitcoin.

just because price is going up it doesn't mean it is a "pump". price has reached the bottom, couldn't go below the support which proved to be extra strong and now the trend (downtrend that has been going on for 7 months) is being reversed, so price is rising.

Seconded! Feeling like the market is due to turn around soon, the tech is advancing nicely. And pump Bitcoin lol it would take some gargantuan whales to be pump and dumping Bitcoin!

[darkangel11]

Who or what is pumping dumping Bitcoin.

Here, FTFY!

What you're seeing right now isn't a pump IMO. It's a recovery from panic, depression, artificially induced, baseless fear. People want it to be worth more, the majority believes in it and wants it to become widely accepted. Temporary price falls and setbacks caused by hacks and an overwhelming amount of negative news in general, can't erase the fact that BTC is the future. That it's position is strengthening with every year of its existence on the financial markets.

[Barbarian]

What are their motives:

To pump and dump.

Or

Pump and get the price of BTC and investors confidence up. In this instance I would hope the intentions are good!

No one can pump and dump bitcoin, in theory whales could do it if they are big enough but anyone will notice a huge movement of coins, so what we are seeing is just the natural movement of bitcoin in the market, get used to it because it is not going to change anytime soon.

[Maxre]

this is normal as the market goes, the more demand the higher the bitcoin value, and vice versa.
which is obviously a large whale will not be able to change the price of bitcoin.

[BitcoinNewbie15]

this is normal as the market goes, the more demand the higher the bitcoin value, and vice versa.
which is obviously a large whale will not be able to change the price of bitcoin.

Yeah, the pump in Bitcoin is just supply V demand. Funny enough, an increase in demand causes a rising price which then in turn further increases demand which further raises the price and so on until we have another bubble. For whatever reason, the small pumps we see are likely from whales stocking up some coins. I don't think that the price is artificially being held down though, you are right, one whale wouldn't have the power to do this.