Was Bitcoin actually just a Pump and Dump?

[yvesp110]

No but it becomes a part of it. We need to remember that there's a lot of organized groups who can manipulate the price of btc by trolloing, spreading FUD and etc. Bitcoin is an amazing technology and not just a pump and dump.

Bitcoin is really very amazing technology so it has helped a lot of people who were living in poverty. Bitcoin has changed their lives. Bitcoin is not just a currency, it is a blessing. I am also in favor of this that bitcoin is not a pump and dump only, it is a digital way of earning money and even livelihood. I want that everyone should use bitcoin for the sake of better life. It is really awesome.

[Rinder]

Bitcoin is trading daily and a lot speculation around it value and news does affect bitcoin as would afect any currencie, bitcoin has conqueres its space as currency, payment processor and comodity.  We can spend and invest bitcoin in anything we wanna, even go to market and pay the bill with the debit card, bitcoin has a huge presence online into almost all kind of services.

[Kidmat]

No but it becomes a part of it. We need to remember that there's a lot of organized groups who can manipulate the price of btc by trolloing, spreading FUD and etc. Bitcoin is an amazing technology and not just a pump and dump.

Bitcoin is really very amazing technology so it has helped a lot of people who were living in poverty. Bitcoin has changed their lives. Bitcoin is not just a currency, it is a blessing. I am also in favor of this that bitcoin is not a pump and dump only, it is a digital way of earning money and even livelihood. I want that everyone should use bitcoin for the sake of better life. It is really awesome.

Bitcoin has a lot to offer and it has a lot of usage. It was not only just a pump and dump its a digital currency whereas we can use to pay goods, paying bills and also an asset that we could invest our money. A lot of benefits offer to people or users because anyone could get earn income.

[Conevesses1976]

BTC just like an additional cryptos is just a pump and dump, but as btc will take on the position of galactic credits, pumps and dumps will ever more turn into not possible

[Canday]

When I was a kid I caught a fever. My arms swelled up like two balloons. Now I have received that experience after once again... 

[frowsiter]

Ahhh! I don't think so mate, don't think that was the idea behind it. You are thinking it in wrong way and bitcoin was not meant to make just profits and all the shit. It's just unit of transaction that was speculated to know the easiness of blockchain working. I might not be completely true with my statement but that's what bitcoin was made for. It was clearly made by one person and that's satoshi who had vision of decentralised transaction network and nothing else

[Harriti]

No but it becomes a part of it. We need to remember that there's a lot of organized groups who can manipulate the price of btc by trolloing, spreading FUD and etc. Bitcoin is an amazing technology and not just a pump and dump.

Bitcoin is really very amazing technology so it has helped a lot of people who were living in poverty. Bitcoin has changed their lives. Bitcoin is not just a currency, it is a blessing. I am also in favor of this that bitcoin is not a pump and dump only, it is a digital way of earning money and even livelihood. I want that everyone should use bitcoin for the sake of better life. It is really awesome.

Bitcoin has a lot to offer and it has a lot of usage. It was not only just a pump and dump its a digital currency whereas we can use to pay goods, paying bills and also an asset that we could invest our money. A lot of benefits offer to people or users because anyone could get earn income.

Pay the bills? I think use FIAT or some digital wallet can connect my internet banking will better than Bitcoin if I want to pay the bills in my country. Of course, I still can not use Bitcoin to order the goods from other countries on the world. It still has many limits.

[stanisl]

Satoshi gave an thought and now it is up to altcoins to just take that idea and make it greater..which is exactly what's going on in crypto.

[Beareonetu]

No bitcoin was not just a pump and dump, it serves a goal and no a single utilizes it for what it was meant for. Just simply because the customers and buyers are ignorant to the investment and item they are making use of does not make that object a fraud  It make the customers and investors idiots.

[Skyshark]

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"

I think bitcoin is not just a pump and dump kinda thingy, how could you even call it a dump if the price is never down? I think bitcoin is just strong, maybe some in the goverment who doesn't like bitcoin is trying their best to pull bitcoin down but as we see, Bitcoin just keeps going up and up taking no effect from outside the cryptoworld.

[yoonah]

No but it becomes a part of it. We need to remember that there's a lot of organized groups who can manipulate the price of btc by trolloing, spreading FUD and etc. Bitcoin is an amazing technology and not just a pump and dump.

Bitcoin is really very amazing technology so it has helped a lot of people who were living in poverty. Bitcoin has changed their lives. Bitcoin is not just a currency, it is a blessing. I am also in favor of this that bitcoin is not a pump and dump only, it is a digital way of earning money and even livelihood. I want that everyone should use bitcoin for the sake of better life. It is really awesome.

Bitcoin has a lot to offer and it has a lot of usage. It was not only just a pump and dump its a digital currency whereas we can use to pay goods, paying bills and also an asset that we could invest our money. A lot of benefits offer to people or users because anyone could get earn income.

I agree with you bro bitcoin usage actually catches my attention that is why when I first heard about it I did not hesitate to invest because I know that in this new era people use technology with everything. The only reason why bitcoin becomes pump and dump are those people who spread bad news about it because they want to buy cheap btc and then they wait for a goods so that bitcoin will pump.

[Jose Mourinho]

Yes of course, although today prices are going up tremendously, but this can never guarantee it will continue to rise, maybe after reaching the highest price then the price will drop as many users are profit taking.

[pavelkdr]

All people is aware of the battle was set. The bad continue to be bad and the wealthy get wealthy. Which is how it goes, and everyone understands.

[btcprospecter]

I think we would all like to think this is not the case. It is a unique way at looking at bitcoin and crypto currencies almost like it could be the biggest scam ever. I don't think this is true crypto currencies in general have a massive future.

[_Dawid_]

It is very interesting observation on crypto world. This conspirational theory is quite populr I think, and not only you discouss abut it.
I personally think that maybe on bitcoin not, but for sure on some new coins.Bitcoin may be too expensive for that game, but using less popular coin with little market cap any decent trader can manipulate price too much.. But in long term it should not has that happen.

[STT]

When I was a kid I caught a fever. My arms swelled up like two balloons. Now I have received that experience after once again...Â

Pink Floyd !   These recent moves are more dramatic and likely to lead to a sell off then previously I think but it could still prove positive if the market keep retracking and confirming previous support levels.     A big rush ahead without pulling back at all is ironically more unstable and unlikely to give us a bigger price longer term.

I dont think anyone is pumping up bitcoin exactly however we do have the lowest interest rates ever recorded which makes for loose money and plenty currency is spare as savings are valued low and governments are printing too much money.
In short, its not bitcoins fault if there is a pump effect.   A dump would occur if any alternative sensible currency standard existed or if yet again Dollar pretended it would offer any hard standard.  Recent moves in Federal interest rates have been incredibly minor

[aencarnaci]

No bitcoin was not just a pump and dump, it serves a goal and no a single utilizes it for what it was meant for. Just simply because the customers and buyers are ignorant to the investment and item they are making use of does not make that object a fraud  It make the customers and investors idiots.

No matter how hard altcoins try but they can never ever reach the status of bitcoin. What Satoshi gave us, altcoins can never ever produce results of that quality. Bitcoin is the result of imagination and hard work of Satoshi.

I am personally not in favor of altcoins, they are just diverting minds of people from bitcoin. There should be just one digital currency used all over the world and bitcoin is best for this job.

[Sled]

No bitcoin was not just a pump and dump, it serves a goal and no a single utilizes it for what it was meant for. Just simply because the customers and buyers are ignorant to the investment and item they are making use of does not make that object a fraud  It make the customers and investors idiots.

No matter how hard altcoins try but they can never ever reach the status of bitcoin. What Satoshi gave us, altcoins can never ever produce results of that quality. Bitcoin is the result of imagination and hard work of Satoshi.

I am personally not in favor of altcoins, they are just diverting minds of people from bitcoin. There should be just one digital currency used all over the world and bitcoin is best for this job.

We should not take comparing seriously because bitcoin and altcoins are different and they are created because of the different kind of concept or goal of the project and we should take advantage of them both because even there are so much altcoins in the market, they have still chances that they can stay for long like bitcoin and that is why we need to grab them both.

[Reez]

Bitcoin is not a pump and dump scheme as 99% of all other cryptocurrencies are. The reason for that is because they either have an unlimited supply and/or the coin is centralized somehow.

[drachman]

It's pump & dump but you need big money to manipulate so it doesn't get as much manipulation as other coins which are cheaper. In other words BTC is the safest coin you can invest in.

I agree with you that BTC is the safest coin  but in terms of Bitcoin dumps or pumps are not regular things as with altcoins. I suppose it is just regular correction as it always happens. When buyers are out of money, sellers come in.

Bitcoin is behaving differently than altcoins and the reason for that is very simple, because bitcoin is not an altcoin, bitcoin is the best coin out there and as such it commands respect among the community, everybody knows that if you are invested in bitcoin you may suffer some losses in the short term but in the long term you are going to have some good profits if you keep holding.