Is Bitcoin now Pump and Dump?

[princecharles]

It's quite laughable that we were once on the train of believing that Bitcoin would be heading to $100,000. I guess that was one of the believe that spearhead the 2017 bull run. Bitcoin is majorly in the hands of few whales who manipulate the market for their own interests. I only do wish that the bull run comes again.

[CryptopreneurBrainboss]

But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases.

Firstly you have to understand that anything tradable can be manipulate by some few individuals to favour their greediness, cryptocurrency is way easier to manipulate due to its volatile nature and market capitalization. Bitcoin has always experience some manipulation in the past but its price success hasn't been built on price manipulation instead it's built on the trust and believe the community is having on the technology.

The last spike in the cryptocurrency market in general was cause by the optimistic nature of ICO investors plus previous halving which both bitcoin and other existing cryptocurrency profited from. For such success to be recorded once again sometime has to trigger the optimism believe once again among the community which the halving of block reward occuring in 2020 might just introduced as from past history, the price of bitcoin has always reacted positive after a successful halving. You should pay less attention to analysts as all they do is speculate as not one individual knows the future of bitcoin, not even Satoshi.

[maydna]

Now, we see bitcoin price reached $6873 according to poloniex, and the price still going to go down. We don't know until when the price will stop and reverse to the higher price because I think the range of the price now is not yet the lowest price. But I don't think that bitcoin price is pump and down only because the price will not stay at the lowest and down for more, but the price will be back to the higher price and make the highest price in the future. We will see the volatility of the bitcoin price more often in the future, especially in the halving moment that will happen in the future.

[huu78]

For now, Bitcoin is experiencing a very exaggerated crash because the market is bad, investors go, the scammer and dead projects create a very bad crypto ecosystem now. To go back and see the expensive bitcoin price it could have happened like yesterday's year, it's just not now the right time.

[Aabcde]

If bitcoin is just a pump and dump, maybe bitcoin has been a scam from the beginning and there has been no trade until now. Predicting is not a pump and dump, but just looking ahead to what will happen. So someone can have a benchmark in investing. Manipulation of prices by a handful of people certainly exists, not only bitcoin, all assets that can be traded can do it. What is certain is the use of bitcoin itself as a benchmark.

[bitvalak]

All trading activities wherever there are still big players who have the power to pump and dump. But price patterns are formed by buyers and sellers, not just whales. They only put buy and sell orders to attract the attention of buyers and small sellers to transact, after that happens they will definitely eliminate the buy orders and sell orders because their goal is only to pump up the transaction volume.

[Ararbermas]

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

we can't tell more if it's hoax or not and we can't judge those who sharing their theology  about the brightest future of bitcoin because indeed bitcoin always shows a good performance and no one can declined it wherein only noobs in my opinion. .. Because as the matter of fact there's no impossible with bitcoin actually which is only those whales is the barrier. Perhaps if we keep romoting it probably they cant influence the growth rate of bitcoin like literally..  Wherein the percentage of dump will be less. And bitcoin have a reason to stand still on the top.

[LouVandetta]

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

I'm not really sure if it's really being manipulated by whales or whatnot, but I don't think calling bitcoin a pump and dump is the right thing.
Indeed, we've seen so many ups and down for as long as you've known. I didn't even realized that we're already below $7000 mark. Let's not forget that bitcoin could recovered their price in no time, or even takes a longer time.

As a pump and dump scenario coins, usually it doesn't have that much volume I think. So it's easy to manipulate the price so the prices could crash very hard in any minutes and then it could back up really fast, vice versa, and or worst it could takes a very long time before another pump happens. I might be wrong, though.

[kissaNN]

Of course, twenty thousand dollars for 1 bitcoin is a super price for a virtual asset that does not have a real economy. But the crypto community is convinced that bitcoin will supplant the dollar and take the place of the central currency.

[ableh]

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

Bitcoin's supply is limited, so the price is very easily manipulated by groups or individuals who have a lot of money. Because one of this factors also that has makes it very difficult for Bitcoin to be accepted by the public and even the government. For the price issue, you don't have to think about it, we just need to follow the whale's wishes and most importantly is never get loss.

[DevilSlayer]

For now, Bitcoin is experiencing a very exaggerated crash because the market is bad, investors go, the scammer and dead projects create a very bad crypto ecosystem now. To go back and see the expensive bitcoin price it could have happened like yesterday's year, it's just not now the right time.

The price of bitcoin goes down again after it got bounce to the are where the price resists. Of course I'm aware that many traders are feel worried because its been a month and the bitcoin is still bearish. But the good thing is the adoption is continue to grow even its price is gradually going down. The price of the bitcoin will only increase if its trend will become bullish.

[Furryball]

Bitcoin started at 1,500$ in January 2017 and in that very year it hits 19k well i know 100k per bitcoin seem impossible to many but its really achievable, for this to happen new money must first flow into bitcoin

[Juggy777]

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

@nanaimogold bitcoins is not always pump and dump, and yes I’ll agree it’s open to manipulation by the whales and there’s nothing we can do to stop them. The answer is simple as $100k/btc is an absurd number which is currently not possible and even the analysts know this, but they keep on saying it to get attention and fame from the media.

[lienfaye]

I dont think so, even lets say that price are manipulated by big whales it wont last long because each investors has their own decision on when to buy if the price are low and sell when high therefore it remains base on the supply and demand.

This is happening even before if you track the past history, thus we should understand how volatile btc is. Unlike other coin with pump and dump scheme after dumping usually it have no chance to recover since most investors already lost interest.

[lousie9]

Yes, the price of cryptoqurrency is very volatile and you can see that the BTC price chart is currently down, precisely the range of $ 6,921.93, besides this is a good opportunity to buy and hold it. I believe that BTC always has the opportunity to raise prices even higher, I believe that BTC can touch $ 9,000 by 2020.

[shoreno]

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

hoax maybe because no one can said that the price will reach 100k btc for real but all are only predicting  it  but its true that we can earn short gains easily  due to small up and downs of the price  . when i hear the phrase pump and down i dont think of btc but i think of those coins that are really a pump and dump coin  . you know the one that pump too much and then dump easily verry hard in the point of not returning anymore   but btc is far from these coins .

[piebeyb]

how many bitcoins are available on the exchange so that the pump and dump are done so easily by the pope, I don't think anyone has a lot of bitcoin to do pumps and dumps at this time, because the current prices are still not low compared to the end of 2018, so giving the opportunity for shoppers to take some bitcoin now when it's cheap, if whales do throw away all their bitcoins, it's a good time to buy, it won't be low under $ 5000

[fauzan Ichsan]

I have watched this space for a couple of years and while on it, I felt that bitcoin prices are usually driven by global supply and demand which is a factor of real world usage. But recently, I have also gotten another perspective that bitcoin might just be a tool in the hands of a few whales, manipulated for quick and short gains on daily bases. If that's the case, as we near $6500/btc and even lesser as analysts suggest, when then do we see $100k/btc or its just a hoax to keep the pump and dump pendulum swinging

hoax maybe because no one can said that the price will reach 100k btc for real but all are only predicting  it  but its true that we can earn short gains easily  due to small up and downs of the price  . when i hear the phrase pump and down i dont think of btc but i think of those coins that are really a pump and dump coin  . you know the one that pump too much and then dump easily verry hard in the point of not returning anymore   but btc is far from these coins .

cannot predict exactly what will happen. with a good reputation, it could be a bitcoin pump and finally form a new support without having to be followed by a dump. but there must be a scenario for that. where if the demand is always going up and more and more new bitcoiners are joining it could be that thing

[bassbity]

Yes, the price of cryptoqurrency is very volatile and you can see that the BTC price chart is currently down, precisely the range of $ 6,921.93, besides this is a good opportunity to buy and hold it. I believe that BTC always has the opportunity to raise prices even higher, I believe that BTC can touch $ 9,000 by 2020.

In fact, I think Bitcoin will go down again to $ 6500 but this decline is still slow whether this is a whale trick to slow down the dump or traders are still panicking, I will buy bitcoin in the range of $ 6500 and in the analysis it is indeed looking downward but I don't know whether This market is indeed being controlled or not which obviously worries a lot about this.
2020 bitcoin will reach the target level we saw in January there might be movement.

[pikkie]

For now, Bitcoin is experiencing a very exaggerated crash because the market is bad, investors go, the scammer and dead projects create a very bad crypto ecosystem now. To go back and see the expensive bitcoin price it could have happened like yesterday's year, it's just not now the right time.

The price of bitcoin goes down again after it got bounce to the are where the price resists. Of course I'm aware that many traders are feel worried because its been a month and the bitcoin is still bearish. But the good thing is the adoption is continue to grow even its price is gradually going down. The price of the bitcoin will only increase if its trend will become bullish.

it seems like the price of bitcoin is trying to test the holders of bitcoin that can survive and can take advantage when cheap prices like this should be able to get a lot of profit when halving bitcoin which will occur in 2020, only halving can help to increase the price of bitcoin.