Have all the 'Bull Runs' just been billionaires pumpin and dumpin?

[buwaytress]

Well, the past billionaires and experts generally talked up 100,000 in the last cycle, and before that we'll recall other big names going for a million easy. That didn't really work out, did it?

Don't have to wait for the next, if you're willing to trawl social media when sentiment improves, cast a pebble and you'll likely hit someone, anyone with pumping notions.

Kardashians getting sued for shilling, don't think suits and ties are going to be exempt in future. Your money, not theirs.

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[thevoyager23]

Notably the 2020/2021 run, was this the 'Age of Elon', is BTC really worth $20,000. £100,000 or "$1 million please like, subscribe click that notification button, comment and check the bybit link at the bottom for your chance to 100x leverage a shit coin" ?

Shall we just wait till the next billionaire wants to come along at the 'next cycle' and pump and dump?

Your overly simplified logic on this have completely missed the halvings.
So unless these billionaire pumpers have managed to buy at the same time distance to each different bitcoin halving (which would be an overly surprising coincidence), you're wrong.


I think that you'd better read about bitcoin halving - what it means, how often it happens - then look at the historic prices chart (the entire chart) and see how nicely these cycles did match.

Rule number one, never assume I learned all this in 2018/2019.. But I do agree with you.

[kryptqnick]

Notably the 2020/2021 run, was this the 'Age of Elon', is BTC really worth $20,000. £100,000 or "$1 million please like, subscribe click that notification button, comment and check the bybit link at the bottom for your chance to 100x leverage a shit coin" ?

Shall we just wait till the next billionaire wants to come along at the 'next cycle' and pump and dump?

If we're talking about altcoins, then yeah, influencers can have strong impact if not decisive impact behind some bull runs. Not just any influencers, of course, but those with a very big audience and lots of money. But with Bitcoin, I think there's the influence of the media, of some comments by big names, and of project laws/regulations. The influence isn't usually huge, though, and I think that lately even very powerful people or major Bitcoin regulation discussions barely triggered price changes. Bitcoin is still volatile and people can engage in panic selling or buy out of FOMO. But billionaires don't get a much bigger say in this than others.

[so98nn]

That trend really not new. The riches have been playing with us all the time. What do you think about the fiat note that we hold everyday and trade? That’s ridiculous printed note is nothing but foul play of the riches, and the governments and slowly got injected and nobody knew when they started trading it over the digital network with Share market!

Now there comes bitcoin for our help to have privacy owned transactions, own bank authority and what not. However soon one rich guy smokes weed in their rich club houses and tell their friends how they can use it to be more rich. …

……and there you go we discussing the same stuff, just beyond the curtains.

[melody82]

I don't think so. There have been two main parts of bitcoins, before and after institutional investors got involved. Before someone with 100k was a whale, after you have funds managing billions start to buy. You can see this in the price and volume history, and also with looking at news if you care to look back. But I don't think individual billionaire investors move the price by themselves. I think that they may help move the price, but there is just too much money in the market these days.

[Beefcake]

Kardashians getting sued for shilling, don't think suits and ties are going to be exempt in future. Your money, not theirs.

I feel like that was politically motivated. Also the powers that be hate anything crypto, and look for any excuse. From what I saw she used the #ad hashtag or whatever, indicating it was a paid ad, so while fishy, it wasn't totally scammy. But rules are rules right? But why such a large fine? The banks get away with murder and if they are fined, it's usually a fraction of the amounts involved.

[savetheFORUM]

Many fall victim to bull market runs because anyone pumping crypto will be "right" so to speak as the entire market is increasing value.

I agree with your opinion, indeed there are many victims of bull run, as experienced in 2021 and I am also a victim of bull run, but with me being a victim of bull run, of course it will be a motivation and experience, and I have not sold it until now. my bitcoins because I believe there will be a next higher bull run.

Bull run and bear runs are two cycles which can occur normally here in crypto. It's not a kind of trap or something which can make people lose. As long as you know what to do when those events occur, you can always get a benefit out of them.

I think you guys blame the bull run thinking the price will go for more so you waited till the price dumps. Well, that wasn't really the fault of a bull run but it was your guys' fault because you became greedy. Right now we are currently in a bear run so your decision of not selling now is correct. It's also expected that the next bull run will be much stronger than last time so everyone is advised to buy more.

[Lucius]

Shall we just wait till the next billionaire wants to come along at the 'next cycle' and pump and dump?

Who is responsible for the pump from $0 to $30, who for the one from $100 to $1200, and who for the one from $400 to $20 000? As far as my memory serves, your elon-melon was not interested in Bitcoin then, nor were the other rich people who discovered it only 2-3 years ago. The whole story about one man being responsible for the new ATH is just proof of how much people think for themselves, and how much they are influenced by the media that serves them their version of the truth.

A new massive bull run has always followed a halving, and there's no reason why it shouldn't happen again - regardless of whether some billionaire uses it to promote himself.