Was Bitcoin actually just a Pump and Dump?

[youngmike]

Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   
Blockchain tech will live on but bitcoin was just a bubble   
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   
You believers are 2 years late

[ninjaskip]

Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   
Blockchain tech will live on but bitcoin was just a bubble   
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   
You believers are 2 years late

I do agree with you, 2 to 3 years late.

[picolo]

Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   
Blockchain tech will live on but bitcoin was just a bubble   
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   
You believers are 2 years late

We have been over 5$ for so long and so much has been accomplished that 10,000$ is more likely than 5$ in a 6month span.

[promojo]

We will not hit $10,000 in 6 months... Keep dreaming!  that will be like 5-10 years away.

[ComboChris]

Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal   
Blockchain tech will live on but bitcoin was just a bubble   
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it   
You believers are 2 years late

You'll just have to look at the maximum amount of bitcoins that can exist and at the amount of bitcoins that are currently not being used.
Compared to any other currency there is simply not that many bitcoins. If 1$ was a realistic price for bitcoins, there could never be more
than 22 million $ invested in BTC. If you just look at how many people own 22 million, the only way for bitcoin's price to be 1-5$ would be if it
totally lost relevance. If that happened it wouldn't stay @ that price though, but go down to pretty much nothing. So even if Bitcoin loses relevance,
I don't ever see if stay in the 1-5$ field for more than a few days before it would crash completely.
The more likely option is still that it will simply go up as it gains relevance, which I think we all hope.

[BlindMayorBitcorn]

Everybody knows the fight was fixed. The poor stay poor and the rich get rich. That's how it goes, and everybody knows.

[Seketsuna]

Bitcoin is purely pump and dump but haters misses point below;

It is nowhere near of ending his life. This is a basic scheme guys, lather, rinse and repeat. Just be patient. There are always more stupid ones than you in world. It's the main principle of Ponzi schemes. If I could die, I would be dead 2 years ago. Look now, microsoft accepts it. This means bitcoin has more way to go.

I can't blame bitcoin as a whole for being a Ponzi scheme, it has some genious points but it absolutely seems like Ponzi.

Ponzi? Are you serious? Do you know the meaning of ponzi? Coz for me bitcoin has so many purpose not just an investment.

[picolo]

Everybody knows the fight was fixed. The poor stay poor and the rich get rich. That's how it goes, and everybody know.

Among the early adopters, probably less than 1% was already rich. Most had sold when it reached 10$ or 30$ then when it reached 100$ or 300$ but Bitcoin has value so you have to exchange it against something else of value. Exchanging 320$ of fiat against a whole Bitcoin seems like a great deal!

[Amph]

Bitcoin is purely pump and dump but haters misses point below;

It is nowhere near of ending his life. This is a basic scheme guys, lather, rinse and repeat. Just be patient. There are always more stupid ones than you in world. It's the main principle of Ponzi schemes. If I could die, I would be dead 2 years ago. Look now, microsoft accepts it. This means bitcoin has more way to go.

I can't blame bitcoin as a whole for being a Ponzi scheme, it has some genious points but it absolutely seems like Ponzi.

since when trading is ponzi? bitcoin isn't ponzi at all, the bad thing are just early adopter, some of them like to play with the market, other left bitcoin already, causing that massive dump

[unusualfacts30]

Satoshi gave an idea and now it's up to altcoins to take that idea and make it better..that's exactly what's happening in crypto.

[botany]

Satoshi gave an idea and now it's up to altcoins to take that idea and make it better..that's exactly what's happening in crypto.

Altcoins making it better?
Then why does Bitcoin still account for 90+% of total crypto market cap?

[picolo]

Bitcoin worth if its price will increase upto $1000 and we can make profit from it.

It could increase to 40,000$ within 5 years

[NotLambchop]

Satoshi gave an idea and now it's up to altcoins to take that idea and make it better..that's exactly what's happening in crypto.

Altcoins making it better?
Then why does Bitcoin still account for 90+% of total crypto market cap?

A bit of an odd question, why does fiat still account for 99.9+% of world trade?

[picolo]

Satoshi gave an idea and now it's up to altcoins to take that idea and make it better..that's exactly what's happening in crypto.

Altcoins making it better?
Then why does Bitcoin still account for 90+% of total crypto market cap?

A bit of an odd question, why does fiat still account for 99.9+% of world trade?

Fiat is better than barter. If Bitcoin account for 1% of world trade the price will be to the moon!

[NotLambchop]

^Yep.  Same could be said for BTCeanie BTCabies.  Unfortunately for both BTCeanies & BTCitcoin, that's unlikely to happen

[picolo]

^Yep.  Same could be said for BTCeanie BTCabies.  Unfortunately for both BTCeanies & BTCitcoin, that's unlikely to happen

If Bitcoin is used as a sizeable store of value and mean of exchange, it's market cap should go over 100 Billions of Dollars so the price should go to 10,000$ and more

[NotLambchop]

^Yep.  Same could be said for BTCeanie BTCabies.  Unfortunately for both BTCeanies & BTCitcoin, that's unlikely to happen

If Bitcoin is BTCeanie BTCabies are used as a sizeable store of value and mean of exchange...

FTFY.  My point stands.

[picolo]

^Yep.  Same could be said for BTCeanie BTCabies.  Unfortunately for both BTCeanies & BTCitcoin, that's unlikely to happen

If Bitcoin is BTCeanie BTCabies are used as a sizeable store of value and mean of exchange...

FTFY.  My point stands.

I don't know Beanie Babies so I can't comment.
Bitcoin is innovative and useful and it is used a lot, it could become 10x more used

[ninjaskip]

^Yep.  Same could be said for BTCeanie BTCabies.  Unfortunately for both BTCeanies & BTCitcoin, that's unlikely to happen

If Bitcoin is used as a sizeable store of value and mean of exchange, it's market cap should go over 100 Billions of Dollars so the price should go to 10,000$ and more

Since you can't buy drugs anymore with bitcoins this is unlikely to happen.

[BlindMayorBitcorn]

When I was a child I caught a fever. My hands swelled up like two balloons. Now I've got that feeling once again...