Is Bitcoin now Pump and Dump?

[fravia]

last year many experts said if the price of bitcoin would reach $ 50k in 2018-2019, but all that was just nonsense and the reality said otherwise. in my opinion they are not whales who are looking for profit, they are just experts who make predictions to look for fame. I used to believe that prediction, but now I know it's just a joke.

Well yeah, that's how these "prediction experts" usually work. Many people guess different prices that might seem to be unrealistic and one of them hits it right on the dot and becomes proper famous. The fact is that no one knows what the future holds for the bitcoin price and the only way to kind of predict the price is to predict the long term trend which is usually up.

And bitcoin has always been sort of a pump and dump, just look at the charts, we have around 20x pump then 80% dump then rinse and repeat. That's how most markets work, price pumps up, then shakes off weak hands and pumps again. The only difference with btc is that these moves are much stronger.

[crossabdd]

bitcoin is decentralized. there is nothing set about bitcoin. freedom is bitcoin. so who has the highest wealth, then he can control the market. Whales is one of the market controllers. and in the crypto world there are many whales. the price of pumps or dumps is their scenario of making a profit. we cannot be certain whether the price will reach $ 100k or only last at $ 10k. all whales who act to make that profit. and we can only support.

[alexsandria]

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

It ain't hoax, it is just a talk for now for bitcoin because it is really early for bitcoin to reach such level of price. Besides, there are a lots of issues needs to be addressed related with crypto currency like adoption, banning stuff out there. If bitcoin would be allowed in particular communities, well, we might be able to see some bigger changes than before, luckily might hit ATH once again or luckily will surpassed it. But for now, such price level was the current thing bitcoin can has for now considering the amount of adoption it has now. And some amount of portion was for the whales.

[nhbaonghi]

Since there is margin option we are hard to see the volatility of BTC price the same as before 2017, the volatility we sometimes see now is because some ponzi projects from China, especially Plus Token cash out their BTC and then exchanges like Binance pump the price again, basically, we are in very boring stage of cryptocurrency market

[barota]

prices bitcoin already fall from 13000 usd to level 7000 usd . i think bitcoin suffer from dump since 3 month or more ; and i hope the dump will end soon for another recover to past level of last summer 2019 at latest

[watergold]

prices bitcoin already fall from 13000 usd to level 7000 usd . i think bitcoin suffer from dump since 3 month or more ; and i hope the dump will end soon for another recover to past level of last summer 2019 at latest

Maybe at the end of this year bitcoin is not aiming for satisfactory results maybe the same as last year, but indeed with the decline of the last 3 months the bullrun has not revealed itself so the coins are still unstable until now.
I am waiting for 2020 and waiting for the market to recover, especially with a few months of halving.
In fact, I have seen bitcoin move even greener, even after opening the market, the market is red again.

[Hamphser]

prices bitcoin already fall from 13000 usd to level 7000 usd . i think bitcoin suffer from dump since 3 month or more ; and i hope the dump will end soon for another recover to past level of last summer 2019 at latest

Maybe at the end of this year bitcoin is not aiming for satisfactory results maybe the same as last year, but indeed with the decline of the last 3 months the bullrun has not revealed itself so the coins are still unstable until now.
I am waiting for 2020 and waiting for the market to recover, especially with a few months of halving.
In fact, I have seen bitcoin move even greener, even after opening the market, the market is red again.

It is not for bitcoin to decide for aiming a satisfactory to the people, it is for the people who will decide if bitcoin is good enough to make a bullish trend. Year 2020 is already coming and people are expecting too much about of the bitcoin halving that would skyrocketed the market but in reality post halving effect will take some time.

[STT]

Pump and dump concept relies on the majority of the holders being within the same mindset to sell at a certain price.  The reality to BTC is that it has the widest most open population of users in any of the crypto block chains.   Not every owner of BTC cares about selling at a certain price, quite a few who happen to hold BTC are just users who find it useful as a global spendable token.
   If we find the concentration of BTC balance in too few hands then maybe this idea of controlled prices not openly traded might have better credibility but its just not that feasible at present.  We have a competitive pricing in open exchanges multiple places across the globe, doesnt make any conspiracy very likely to succeed.

[Oilacris]

last year many experts said if the price of bitcoin would reach $ 50k in 2018-2019, but all that was just nonsense and the reality said otherwise. in my opinion they are not whales who are looking for profit, they are just experts who make predictions to look for fame. I used to believe that prediction, but now I know it's just a joke.

Take for an example with McAfee which do predicts out on 1M/BTC in 2020 but look at where we now? This is the main reason why it isnt really ideal to follow to these so called popular persons predictions
because it would really be just the same on typical or ordinary traders speculation.It might differ on technical or fundamental analysis but it wont really be that far.

Pump and Dump? Its volatile but not to that certain point that would be the same on shitcoins pump and dump.

[johant123]

Well the mcafees prediction might still be possible if we start pumping at the beginning of the next year. Surely with all the new money flowing in and the new highs this bull market should be much stronger than the ones we've seen before. This means that as now wer're not surprised by 500 dollar moves, next year we might be not surprised by 5k-10k moves to the up side. Everything is possible with bitcoin, hopefully we'll pump so hard it will melt faces

I think the bandwith for next year can easily be between $5K and 10K (maybe a bit more). The halving does not come as a surprise to anyone, so it may not cause a huge price jump next year, and looking at the wave patterns (and the long term trend), between 5 and 10K looks logical.

[ashmodeus]

~snip

or , all of that its true.from my opinion , if btc just a toy for whales, i dont think $5000++ is a price for btc , play pump and dump , of course they will fine if they control everything in circulation, but the fact,its not like that, u can see that from all bitcoin hodlers , like coinbase almost having 1 million bitcoin in their cold storage, binance 400K++ , huobi ,etc. bitcoin is fully circulated throughout the world . there must be a reason why dump happen or vice versa,rather than a money game.

[Oneandpure]

~snip

or , all of that its true.from my opinion , if btc just a toy for whales, i dont think $5000++ is a price for btc , play pump and dump , of course they will fine if they control everything in circulation, but the fact,its not like that, u can see that from all bitcoin hodlers , like coinbase almost having 1 million bitcoin in their cold storage, binance 400K++ , huobi ,etc. bitcoin is fully circulated throughout the world . there must be a reason why dump happen or vice versa,rather than a money game.

Talking about bitcoin price maybe keep lower because with new year bitcoin look never have big power how to grow to higher price, many bad thing make bitcoin keep stable with lower price and look not have potential on higher price again, just waiting when halving time will make bitcoin change with higher price or not?

[Omega Weapon]

last year many experts said if the price of bitcoin would reach $ 50k in 2018-2019, but all that was just nonsense and the reality said otherwise. in my opinion they are not whales who are looking for profit, they are just experts who make predictions to look for fame. I used to believe that prediction, but now I know it's just a joke.

You nailed it, most of those that give predictions that are so extreme do it so they can gain some recognition and to gain attention to themselves and in the case they happen to be right they want to take credit for making the correct call and if they are wrong no one is going to remember, it is better to ignore those predictions and concentrate on what bitcoin can actually achieve during this year, personally if it was up to me I will ask not for a price increase but for a higher level of adoption in my country.

[Cacingkemi]

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

not surprisingly, bitcoin price movements can be manipulated by whales or groups of people who have large capital to be able to play prices, but market demand and supply is certainly the biggest influence on the ups and downs of market prices

[yulionoo]

I think at this time it is very difficult to conclude whether bitcoin pump or dump?
because bitcoin price fluctuations are very high. in recent days bitcoin has gone up but the amount is still small. maybe i would say bitcoin is pumping when bitcoin has passed the $ 7k level. at the moment the price of bitcoin is still $ 7.5k there is a possibility that bitcoin will dump again. let's wait whether in the middle of January bitcoin can pump or not. if it's not pumping I think we're still in the bear market.

[cotton ball]

Bitcoin will pump when many investor want to by and dump after many investor selling their bitcoin, when halving time bitcoin will pump again with higher price without we know how much bitcoin raise up, will across with higher price bitcoin last 2017 above $16k or bitcoin have higher price above $20k, whats happen with halving glad to wait and see.

[Distinctin]

It all comes with that way, nothing had sure that we will be experiencing a pump only. May halving is one factor that could help to make a change in market direction but to expect that it will go like that till we end up this year is certainly be a miracle.
We know how volatility means a lot and that is why we can't see prices become stable.

[Omega Weapon]

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

not surprisingly, bitcoin price movements can be manipulated by whales or groups of people who have large capital to be able to play prices, but market demand and supply is certainly the biggest influence on the ups and downs of market prices

During 5 days the price of bitcoin went up in a consecutive way but yesterday was a negative day and it seems that bitcoin may go below 8000 again which may indicate that what we saw was not really the beginning of the recovery everyone was expecting but just a bull trap and now many of those that thought the price was going to recover have lost a great deal of money and when the price gives a signal that it may recover again they may decide to not follow that signal when they should.

[Duzter]

This isn't happening now with bitcoin, everytime the market of bitcoin continues to pump and dump. Price fluctuation continues, and this is common. One who enters the market for the very first time will think it as pump and dump. Market trend changes immediately, whether bullish or bearish it is the impact caused by various factors. One who learn all about it will know the reality of pump and dump.

[wildan88]

It all comes with that way, nothing had sure that we will be experiencing a pump only. May halving is one factor that could help to make a change in market direction but to expect that it will go like that till we end up this year is certainly be a miracle.
We know how volatility means a lot and that is why we can't see prices become stable.

The market is quite boring, it seems that this year there will be a bullish and halving factor which has a high hype will occur this year, as well as the world war 3 that might make bitcoin an alternative asset. so in my opinion so many factors this year that will make the price of bitcoin increase.