Was Bitcoin actually just a Pump and Dump?

[futuret]

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.

The value of the bitcoin is now increasing more and more so it is the time to buy the bitcoin you are saying a lot of the people are getting in the bitcoin for the sake of the future, the price of the bitcoin is unpredictable and they will get the profit in e future. The income with the bitcoin is the best thing so buy the bitcoin and try to invest in the bitcoin as much as you can so buy the bitcoin and get the huge income just in very short days.

[vafro]

until all the majority of bitcoin are in the arms of a couple of early adopter indeed, we need distribution

[djgtr]

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.

The value of the bitcoin is now increasing more and more so it is the time to buy the bitcoin you are saying a lot of the people are getting in the bitcoin for the sake of the future, the price of the bitcoin is unpredictable and they will get the profit in e future. The income with the bitcoin is the best thing so buy the bitcoin and try to invest in the bitcoin as much as you can so buy the bitcoin and get the huge income just in very short days.

well i think the pump and dump is  the most exciting part on bitcoin because it can really make you profitable if you got the right timing in buying low and in a high price the price of  bitcoin really make all investors profitable because it goes low and in the another day it will goes up.it really changes in a small period of time that is why is is really profitable because only few time is needed to get profit in pump and dump status of btc.

[EdenHazard]

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.

sometimes i think about the same way as you , that there always a reason behind the price so unexpectedly rising up , it will cost you a lot later when the price go down so hard. a market like this will always about pump and dump.

just the matter who do that and since bitcoin are anonymous , we can not figure out who are they actually.

[qwertyup23]

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.

sometimes i think about the same way as you , that there always a reason behind the price so unexpectedly rising up , it will cost you a lot later when the price go down so hard. a market like this will always about pump and dump.

just the matter who do that and since bitcoin are anonymous , we can not figure out who are they actually.

Well I consider "hard forks" as pump and dump since it dramatically decreases the price of bitcoins, thus making it the perfect opportunity for investors to hoard coins for future investments. But to answer your question, personally bitcoin is not a pump-and-dump due to the fact that it got its reputation based on its nature being decentralized and volatile. Before, many people tried risking their investments into bitcoin and to their avail their risks paid-off. Also if bitcoin's reputation was caused by pump and dump, then I doubt that its price would not reach $1000.

[iv4n]

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.

sometimes i think about the same way as you , that there always a reason behind the price so unexpectedly rising up , it will cost you a lot later when the price go down so hard. a market like this will always about pump and dump.

just the matter who do that and since bitcoin are anonymous , we can not figure out who are they actually.

Well I consider "hard forks" as pump and dump since it dramatically decreases the price of bitcoins, thus making it the perfect opportunity for investors to hoard coins for future investments. But to answer your question, personally bitcoin is not a pump-and-dump due to the fact that it got its reputation based on its nature being decentralized and volatile. Before, many people tried risking their investments into bitcoin and to their avail their risks paid-off. Also if bitcoin's reputation was caused by pump and dump, then I doubt that its price would not reach $1000.

Bitcoin is rising up as popularity and interest grows. Price is being manipulated constantly, but that is how some people use this market to earn more bitcoins, that doesn't mean that bitcoin is pump and dump. One more reason why bitcoin is not pump and dump is that in future price will go just higher, bitcoin can't be constant pump coin.
After each rise we see drop, then rise again. New bottoms are always higher then last ones and in that we can see how much progress is bitcoin making.
I don't agree that bitcoin is pump and dump, its technology with bright future and occasional dumps are normal thing in everything, what is matter that bitcoin comes back stronger each time.

[altcointalk14]

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.

You can also see that his position on the market is quite regulated by his stories and popularization, and small treatments that happen sometimes do not change and do not affect so much on its value.

[dmbragin]

Short solution? Sure.  Bitcoin and each one alt currency at any time created has been a pump and dump.  Charts do not lie.

[artyo]

until finally all the greater part of bitcoin are in the hands of a few early adopter sure, we need distribution

[Hotel_Prodeo]

I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.

[Francer]

Brief answer? Of course.  Bitcoin and every single one alt forex ever made has been a pump and dump.  Charts never lie.

[drachman]

I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.

The price can still be manipulated but the greater the market cap the greater the money you need to move the market and as such less and less players are able to manipulate the price, right now only exchanges, satoshi and the governments have enough power to do that.

[cexylikepie]

I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.

The price can still be manipulated but the greater the market cap the greater the money you need to move the market and as such less and less players are able to manipulate the price, right now only exchanges, satoshi and the governments have enough power to do that.

Haha, so funny ! Maybe you do not know there are many companies have power enough to control the price of Bitcoin, even this is total market cap of Bitcoin. Remember, currently, total market cap of Bitcoin is just $ 98.430.277.718, it still less than total money of Bill Gates in the past.

[mastica]

Bitcoin can be influenced by whales as well some bad news banning bitcoin, but bitcoin isnt just a pump and dump, there is much more then the up and down that atracted a lot new investors wich made the price to break records. Blockchain is changing the transactions system, and there are already new projects coming with better and less expensive solutions.

[drachman]

I'm sure it's not true, with a market cap of over 90 billion would be difficult for anyone to control bitcoin prices, so I'm sure bitcoin prices are natural from demand and stock.

The price can still be manipulated but the greater the market cap the greater the money you need to move the market and as such less and less players are able to manipulate the price, right now only exchanges, satoshi and the governments have enough power to do that.

Haha, so funny ! Maybe you do not know there are many companies have power enough to control the price of Bitcoin, even this is total market cap of Bitcoin. Remember, currently, total market cap of Bitcoin is just $ 98.430.277.718, it still less than total money of Bill Gates in the past.

But do you think a single individual is going to try to risk moving a market on his own, if anything a coalition of individuals of great power will be needed and as bitcoin becomes bigger the lesser the power those people are going to have over bitcoin.

[Nerman]

I am not saying that this is impossible but pumping and dumping bitcoin is highly unlikely.  First there are a lot of coins that are really cheap that they can pump and dump. Second pumping and dumping bitcoin will take billions to influence the market. Third there are a lot of bitcoin investors who are already educated with the bitcoin projection, even though Bitcoin price drops this people  will not  panic sell they will just hold it. There are a lot of assets like stocks, commodities or alt coins that they can pump and dump so bitcoin is most likely they will avoid.

If they can pump and dump bitcoin most likely this are group of filthy rich , influential and very greedy people. 

[Sled]

I am not saying that this is impossible but pumping and dumping bitcoin is highly unlikely.  First there are a lot of coins that are really cheap that they can pump and dump. Second pumping and dumping bitcoin will take billions to influence the market. Third there are a lot of bitcoin investors who are already educated with the bitcoin projection, even though Bitcoin price drops this people  will not  panic sell they will just hold it. There are a lot of assets like stocks, commodities or alt coins that they can pump and dump so bitcoin is most likely they will avoid.

If they can pump and dump bitcoin most likely this are group of filthy rich , influential and very greedy people. 

The pump and dump in the cryptocurrency market like bitcoin is very possible because since it is decentralized then there are no basis for the possible movement or there are no patterns that the bitcoin market is following because it is completely dependent to the demand of the people in the market. It doesn't mean that if it is expensive then the pump and dump is not possible because pump and dump is applicable to all of the markets and kinds of stocks like cryptocurrencies.

[hashtag101]

I am not saying that this is impossible but pumping and dumping bitcoin is highly unlikely.  First there are a lot of coins that are really cheap that they can pump and dump. Second pumping and dumping bitcoin will take billions to influence the market. Third there are a lot of bitcoin investors who are already educated with the bitcoin projection, even though Bitcoin price drops this people  will not  panic sell they will just hold it. There are a lot of assets like stocks, commodities or alt coins that they can pump and dump so bitcoin is most likely they will avoid.

If they can pump and dump bitcoin most likely this are group of filthy rich , influential and very greedy people.  

The pump and dump in the cryptocurrency market like bitcoin is very possible because since it is decentralized then there are no basis for the possible movement or there are no patterns that the bitcoin market is following because it is completely dependent to the demand of the people in the market. It doesn't mean that if it is expensive then the pump and dump is not possible because pump and dump is applicable to all of the markets and kinds of stocks like cryptocurrencies.

Bitcoin has the pump and dump, you have to remember there's no reason can makes the price of Bitcoin increased to $6,000 and keep its price until today. The price of Bitcoin controlled by the whale, therefore, when they don't want to the price of Bitcoin decreases, they buy a huge amount of Bitcoin and create the bullish trend in the market.

[Mr. Legendaris]

I'm also sure that there is great speculation of pump and dump bitcoin, if we see that the market cap has reached $ 100 billion would be a good opportunity for speculators to get profit from pump and dump.

[drachman]

I am not saying that this is impossible but pumping and dumping bitcoin is highly unlikely.  First there are a lot of coins that are really cheap that they can pump and dump. Second pumping and dumping bitcoin will take billions to influence the market. Third there are a lot of bitcoin investors who are already educated with the bitcoin projection, even though Bitcoin price drops this people  will not  panic sell they will just hold it. There are a lot of assets like stocks, commodities or alt coins that they can pump and dump so bitcoin is most likely they will avoid.

If they can pump and dump bitcoin most likely this are group of filthy rich , influential and very greedy people.  

The pump and dump in the cryptocurrency market like bitcoin is very possible because since it is decentralized then there are no basis for the possible movement or there are no patterns that the bitcoin market is following because it is completely dependent to the demand of the people in the market. It doesn't mean that if it is expensive then the pump and dump is not possible because pump and dump is applicable to all of the markets and kinds of stocks like cryptocurrencies.

Bitcoin has the pump and dump, you have to remember there's no reason can makes the price of Bitcoin increased to $6,000 and keep its price until today. The price of Bitcoin controlled by the whale, therefore, when they don't want to the price of Bitcoin decreases, they buy a huge amount of Bitcoin and create the bullish trend in the market.

I do not think that whales can create bullish trends, they will need to invest more money in bitcoin at bad prices and that is not what they do, what they are experts in doing is in dumping the price of bitcoin thanks to their huge stashes of coins then when the price gets that low they buy their bitcoin at cheaper prices than the price they sold.