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Bitcoin Forum > Economy > Economics > Speculation > Pump and Dump? Been watching the price the last hour or so...
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Author Topic: Pump and Dump? Been watching the price the last hour or so...  (Read 823 times)
BTCfan1 (OP)
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March 21, 2014, 07:43:16 AM
 #1
I'm still fairly new to this but I saw the price jump about $20 from 580 to 600 really quickly because it looks like an unusually large number of coins are changing hands…is this considered a pump and dump?  Could other factors explain this fluctuation give that the price has been comparatively stable lately (albiet in a slowly downward trend?)  Thanks in advance…
chessnut
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March 21, 2014, 07:46:32 AM
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no, just a pump. you can only call it a pump and dump after the dump. you might call this a dump and pump though. and it could be a dump and pump and dump.
One hoarse laugh is worth a thousand syllogisms.

http://www.coindesk.com/price

https://docs.google.com/spreadsheets/d/1JoeyzXgMXYFq3pixDTsqkNKLJI5iz0eOU_P-tfQAny4/edit?pli=1#gid=1512098707
BTCfan1 (OP)
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March 21, 2014, 07:50:16 AM
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Quote from: chessnut on March 21, 2014, 07:46:32 AM
no, just a pump. you can only call it a pump and dump after the dump. you might call this a dump and pump though. and it could be a dump and pump and dump.

ah ok, thanks for clearing that up
JimboToronto
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March 21, 2014, 07:55:35 AM
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It was just impatient buyer who paid market price instead of waiting for bids to be filled.
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March 21, 2014, 11:35:40 AM
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here comes the dump, it seems  Grin
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