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JarvisTechnology
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June 22, 2015, 05:17:50 PM |
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This is an open discussion, so your thoughts more than welcome.
Here is what i think that happened:
"A few people with a lot of money, a few brilliant ideas and the will to fuck everyone up in order to make loads more money came up with a great idea: let's create digital money, some bullshit about fighting banks, some japanese guy that doesn't really exist, silkroad for a bit.
Let's give this Bitcoin thing value by pumping the hell out of it, and let it drop on a bunch of unwanted childs that dream of getting rich with this shit.
In the Meantime we will have an organized ring of scammers ( Karpelles, cryptorush, mintpal.. etc etc .. ) that will make us even richer.
We will also have another organized ring of scammers/devs that will create new coins so we can pump and dump the hell out of them to make even more and more money.
Once this shit gets regulated we will just leave with more billions and see ya"
Well people using bitcoins, actually got earned a lot. Ofcourse there are people who lost a lot also. But whatever the winners and losers got, is because of their decisions. So what if someone created bitcoins to earn billions. To use it or not, its your choice. |
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Anony
Sr. Member
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Activity: 308
Merit: 250
Invest & Earn: https://cloudthink.io
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June 22, 2015, 05:50:44 PM |
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This is an open discussion, so your thoughts more than welcome.
Here is what i think that happened:
"A few people with a lot of money, a few brilliant ideas and the will to fuck everyone up in order to make loads more money came up with a great idea: let's create digital money, some bullshit about fighting banks, some japanese guy that doesn't really exist, silkroad for a bit.
Let's give this Bitcoin thing value by pumping the hell out of it, and let it drop on a bunch of unwanted childs that dream of getting rich with this shit.
In the Meantime we will have an organized ring of scammers ( Karpelles, cryptorush, mintpal.. etc etc .. ) that will make us even richer.
We will also have another organized ring of scammers/devs that will create new coins so we can pump and dump the hell out of them to make even more and more money.
Once this shit gets regulated we will just leave with more billions and see ya"
Well people using bitcoins, actually got earned a lot. Ofcourse there are people who lost a lot also. But whatever the winners and losers got, is because of their decisions. So what if someone created bitcoins to earn billions. To use it or not, its your choice. That is right, and people are still earning it. When the bitcoins prices will go up, they will earn a lot more. So stop thinking, and earn while you can. |
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deisik
Legendary
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Activity: 3458
Merit: 1280
English ⬄ Russian Translation Services
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June 22, 2015, 06:24:19 PM |
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gaming on the blochcahin is one of those, already on the way
I looked more narrowly at that trading card game of Moonga (and its site), and, alas, there is nothing beyond just using the Bitcoin blockchain as a payment system for buying additional cards in the game itself (as an option). This is not what I would call gaming on the blockchain, just like it is not gaming on MasterCard if you happen to buy some stuff in a game through that payment system... EverdreamSoft is now accepting to be paid for any of their services in bitcoin, the revolutionary currency
...
In Moonga, users start playing by downloading the game for free. To progress, complete their collection and improve their game strategy, players can chose to buy additional cards, either using to the points earned in games, tournaments or contests, or via the Shop where the card boosters are for sale at varying prices. So it seems that you got too deep into the illusion of taking wishes for facts So what would you consider "gaming on the blockchain" specifically? For me a project that pays high scores in BTC is gaming on the blockchain already. The main problem with such transactions is it's mostly going to be considered dust transactions and dropped by miners specially in the near future when the blocksize upgrade happens, thats why we need LN along with blocksize upgrade ideally at the same time. I guess you shouldn't ask me, since it was not me who had raised the issue of "gaming on the blockchain" (whatever is meant by that). If you still want my take on this, that would most definitely be using the blockchain for something other than payment (i.e. sending bitcoins). If I am not mistaken, the Bitcoin protocol allows insertion of arbitrary data in a transaction, so the most obvious example would be playing chess, i.e. sending moves in transactions. It appears a bit contrived of course, but it still demonstrates the principle of "gaming on the blockchain", as I understand it... |
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ifightformerkel
Legendary
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Activity: 1386
Merit: 1000
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June 22, 2015, 06:31:35 PM |
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its not only a pump and dump, people ask this question everytime when it goes down. When it was at 1 dollar, 100 dollar and 1000 dollar, it the first true decentralized currency. Bitcoin is now also true decentralized at the stock market. This currency need only a little bit more acceptance (which it will get) and it will grow faster than you can look, like facebook a few years ago  |
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PumpMyCoin
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January 14, 2017, 07:55:03 PM |
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PumpMyCoin Community web site is now up and running feel free to join if you were interested in Coins Pump. sincerely PumpMyCoin Team We Pump But Never Dump |
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angaper
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January 14, 2017, 11:22:05 PM |
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Although the original idea behind bitcoin was truly plausible, unfortunately speculative interests can never remain indifferent when they see that an idea can be profitable. This has happened to bitcoin now and big whales have turned it into a juicy business for them.
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Noctis Connor
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January 15, 2017, 01:34:47 AM |
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yes all types of currency always pump and dump theres no currency with a stable value. as we all know theres a change and progress in our economy thats why the currencies are changing but if you can see bitcoin is the only one that pumping up to $1200 and theres still possibility that it could pump up to $1500 per bitcoin.
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traderethereum
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January 15, 2017, 02:24:33 AM |
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Bitcoin is not just a pump n dump coin. it's true decentralized currency
agree with you, its more like supply and demand from the market and from the people itself, if people wants to make investment in bitcoin then they will buy bitcoin and hold it or they can sell and buy again to earn more. maybe pump and dump is happen if the big players that have much of bitcoin wants to makes the price is up or down so they can leverage the price, but i don't know the truth. |
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jualidbitmixer
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January 15, 2017, 02:58:56 AM |
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In my opinion, Pump and Dump are not the only one. Gossip and issue also affect the bitcoin, but pump and dump are the most one being used by whale player. Actually every cryptocurrencies always have pump and dump and i think it's normal.
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agamasrori
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January 15, 2017, 03:14:37 AM |
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In my opinion, Pump and Dump are not the only one. Gossip and issue also affect the bitcoin, but pump and dump are the most one being used by whale player. Actually every cryptocurrencies always have pump and dump and i think it's normal.
Sorry, I disagree with you. Bitcoin is created to be a currency that will give advantage to us better than fiat. Pump and dump is just for altcoin, some of developer is do that to get a lot of bitcoin in ICO. But not all developer do that. Most of developer only want to make an eco friendly algorithm. |
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marcoman22
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January 15, 2017, 02:07:48 PM |
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Bitcoin is created as a decentralized currency to make people independent of banks.It is successfully achieving for what it was created. Due to some big whales, some times pumps and dumps do occur, but still bitcoin is bought for its original worth.Manipulation cannot be done in bitcoins as it is mostly done in Altcoins.
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Carlsen
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January 15, 2017, 02:25:17 PM |
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It's the nature of bitcoin to have major changes in its price.
Everybody who deals with bitcoin knows that.
I even think that psychological factors are as responsable for the bitcoin price creation as the bitcoin whales are.
In bitcoin, times where we have no price fluctuation are rare, not the other way round.
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bitbunnny
Legendary
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Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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January 15, 2017, 02:36:33 PM |
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Of course that Bitcoin is not just pump and dump but I could say these two things are maybe something that people have focused the most and this is completely wrong. This partialy also because of human pshycology. Like many others have said decentralization is one of the true values and advantages of Bitcoin.
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kidoseagle0312
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January 19, 2017, 12:37:18 PM |
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I don't have any doubt that this was all just big pump and dump, but my theory is, even the BTC creators didn't realize that Bitcoin would go this far.
You are correct, But even is like that look what happened to bitcoin right now. We have a big community in this industry, many of the companies all around the world adopted bitcoin unique system, and even in the other country they pursuing their fellow citizens or masses about in bitcoin. Therefore, it doesn't matter whether bitcoin is pump and dump. |
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X-ray
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January 19, 2017, 01:26:56 PM |
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I don't have any doubt that this was all just big pump and dump, but my theory is, even the BTC creators didn't realize that Bitcoin would go this far.
You are correct, But even is like that look what happened to bitcoin right now. We have a big community in this industry, many of the companies all around the world adopted bitcoin unique system, and even in the other country they pursuing their fellow citizens or masses about in bitcoin. Therefore, it doesn't matter whether bitcoin is pump and dump. Which country ? i have seen no one pursuing their citizens about bitcoin and even didn't intended to. if from my opinion bitcoin is basically a currency which can be easily pumped and dumped based on the demands-supply in the market and how the opinions regarding the circumstances were build to drive people on whether selling or buying bitcoin. |
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Gameroid
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January 19, 2017, 03:09:47 PM |
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yes all types of currency always pump and dump theres no currency with a stable value. as we all know theres a change and progress in our economy thats why the currencies are changing but if you can see bitcoin is the only one that pumping up to $1200 and theres still possibility that it could pump up to $1500 per bitcoin.
yes there is pump and jump in every currency, but it is a little more in bitcoin because bitcoin is a new currency and people are joining here in a large number. therefore there is a lot of pump and dump in bitcoin. |
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BitcoinPC
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January 20, 2017, 02:01:34 PM |
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yes all types of currency always pump and dump theres no currency with a stable value. as we all know theres a change and progress in our economy thats why the currencies are changing but if you can see bitcoin is the only one that pumping up to $1200 and theres still possibility that it could pump up to $1500 per bitcoin.
yes there is pump and jump in every currency, but it is a little more in bitcoin because bitcoin is a new currency and people are joining here in a large number. therefore there is a lot of pump and dump in bitcoin. Agreed, not only crypto currencies have dump and pump, also fiat have it, but don't forget we are making money from it dump and pump way. And about the thread, when bitcoin has come $1030 than i thought now the time has been started when bitcoin come back, but imaginary nothing is bumping happened, even now bitcoin is again starting to going up and it stop at $890, may be in the next week, bitcoin might be grow up more than $900. |
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kidoseagle0312
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January 21, 2017, 11:18:43 AM |
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Bitcoin is not just a pump n dump coin. it's true decentralized currency
agreed, how come that bitcoin is pump and dump the price is very high and stable that can be consider. The only things most often to be happen is the altcoins doing pump and dump in different exchange platform. |
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Xester
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January 21, 2017, 12:32:44 PM |
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It's the nature of bitcoin to have major changes in its price.
Everybody who deals with bitcoin knows that.
I even think that psychological factors are as responsable for the bitcoin price creation as the bitcoin whales are.
In bitcoin, times where we have no price fluctuation are rare, not the other way round.
You are right. Bitcoins price is volatile and so its normal to say that it is a pump and dump. Everything in the market follows this kind of rule pump and dump or should we call it properly as buy and sell. But even though there is a pump and dump bitcoin is still a true cryptocurrency. And if the creator made the coins to profit he will no longer need to create scams, hacks and other illicit jobs just to earn since if they hold a huge number of coins they will no longer need to do that. |
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wahb
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January 21, 2017, 08:28:44 PM |
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It's the nature of bitcoin to have major changes in its price.
Everybody who deals with bitcoin knows that.
I even think that psychological factors are as responsable for the bitcoin price creation as the bitcoin whales are.
In bitcoin, times where we have no price fluctuation are rare, not the other way round.
You are right. Bitcoins price is volatile and so its normal to say that it is a pump and dump. Everything in the market follows this kind of rule pump and dump or should we call it properly as buy and sell. But even though there is a pump and dump bitcoin is still a true cryptocurrency. And if the creator made the coins to profit he will no longer need to create scams, hacks and other illicit jobs just to earn since if they hold a huge number of coins they will no longer need to do that. i think the bitcoin trend is toward increasing and not going to decrease, although increasing the market take some correction therefore the price temporarily fell down and after that it start increasing again. so we can say that tie price of bitcoin is continuously increasing, |
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