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Author Topic: Was Bitcoin actually just a Pump and Dump?  (Read 44979 times)
SaySomething
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November 09, 2017, 02:42:45 PM
 #581

Do you imply total coins offered or the quantity we want to increase?
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Sled
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November 09, 2017, 02:43:25 PM
 #582

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.
Bullish trend is possible but knowing whales they wont really do such thing since they are just the sparkler of a certain price manipulation either on dump or pump scheme. In altcoins its possible but talking on bitcoin then its an another story no matter how big their stashes is .Price cant really be affected too much unless if they hold hundreds of thousands then its possible.
Whales in bitcoin are not a small timer and you don't need to doubt about the whales in bitcoin to control the market because they sure have a lot of bitcoin and money that is ready for trading and manipulating the market but as of now, i think that they are on the side of being bullish and they are just keep helping the market to go up even higher.
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November 10, 2017, 12:03:49 AM
 #583

It is more than just pump and dump and bull runs. Bitcoin is becoming a platform that everyone is adapting. Soon enough we will now if all the hard work pays off or not. So far it has been good and it is really getting better.

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November 10, 2017, 01:59:37 AM
 #584

No, bitcoin is not just pump and dump, i think there is a misconception here, it is true that bitcoin is an investment, and certainly it will be compared to the stock market, in which we mostly see the pump and dump method being used so the price of their stocks will rise, but bitcoin is not just som company listed in the stock market for it to be valued, bitcoin is currency, and just like any currency, you can see its value if you check its buying power,i think people are forgetting that bitcoin is also used for transactions. The value of bitcoin also relies on the law of supply and demand, but that doesn't mean, you need to pump and dump it, it just shows that more and more people are using bitcoin in their daily lives.
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November 10, 2017, 04:20:32 PM
 #585

So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.
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November 10, 2017, 04:40:43 PM
 #586

If this is all a special order, then I can say that it did not succeed. Because bitcoin spun 7-8 years before it reached such heights. And now it is a free sailing ship. And scammers at all times enough, because no one has canceled at this time pickpockets on the street or casinos, which deceived people for centuries?

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November 10, 2017, 05:04:58 PM
 #587

So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.


Years after the one who made this thread, you can see that Bitcoins is not just a pump and dump. Now, you should know how well it is doing; in fact, it obviously withstood the test of time whilst retaining its business model. The times have adapted to its birth, and not the other way around. It is worth noting that it did not bow down to any governmental regulations; it is the other way around. I guess more and more people believe that Bitcoin is the future, hence, there is no stopping it. And to conclude my piece, it is not just a pump and dump because it is a valuable asset just like any other investments whose value may increase or decrease depending on both internal and external circumstances.
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November 10, 2017, 07:40:40 PM
 #588

if Some one ask you to draw bitcoin at 2017 will make down and up shape so that this is normal thing  fell good price back fast
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November 11, 2017, 12:55:40 PM
 #589

I do not think this is all due to the natural factor of market law, we all know that bitcoin is decentralized so that what happens in the market will greatly affect its price, bitcoin is different from stock or commodity because it can still be controlled.
I don’t really think so that bitcoin is just pump and dump. Pump and dump is just one of the quality attribute which bitcoin is having. I think of this concept of pump and dump as the real beauty of bitcoin. It is because of the reason that this is the only thing which is helping this much number of people to earn a very good amount of money. It all depends on the person like how much sharp minded person he is.
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November 14, 2017, 08:51:55 AM
 #590

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.
Actually bitcoin is a digital currency and its related with trade when the trade is good so the price will be high and when the trade is low so the price will be low so no need to worry about it and its normal so I think we must continue with our work and need to take profit from bitcoin and I hope in future bitcoin price will be more high than ever.

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November 14, 2017, 01:35:04 PM
 #591

i dont think the pump d dump is anywhere near over
Exactly you can’t say about bitcoin like it is the game of pumps or dumps. For altcoin yes, this stamen may fall true but bitcoin have different reputation in this regard. All these up going and then falling is the nature of bitcoin, don’t think about it as a flaw of it.

And believe me the prices are so much high, all these are just because of these dips and pumps. So it is necessary for such amazing prices.
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November 14, 2017, 01:42:57 PM
 #592

Nope it was a real genuine crypto with mass functions which can be used with any kind of business in today's world
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November 15, 2017, 02:15:34 PM
 #593

i don't think bitcoin is a pump and dump it's the most stable crypto coin in the market the price stability of bitcoin depends on  the demand and offer no more not like the other coin that only made for that reason
Exactly! There is no way that we can treat bitcoin as simply pump and dump. Bitcoin is in fact something more than that of pump and dump. Pump and dump is very much obvious thing and it is not only in case of bitcoin. In fact, we see this concept of rise and fall in the market price in most of the cases. The basic reason behind this pump and dump is the demand of bitcoin in the market.
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November 15, 2017, 08:47:11 PM
 #594

So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.
In the market, the definition about dump and pump is normally for any asset, pair trading and Bitcoin is also a pair trading affected by this rule. Before investing anything, you have to remember accept the risk of investment, accept your loss in future ...
btc2mars
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November 15, 2017, 08:49:16 PM
 #595

See... this question was asked 3 years ago.
If you had bought and HEDL, you would have made a lot of money by today.
Same applies to today's BTC price.


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November 15, 2017, 09:08:57 PM
 #596

So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.
In the market, the definition about dump and pump is normally for any asset, pair trading and Bitcoin is also a pair trading affected by this rule. Before investing anything, you have to remember accept the risk of investment, accept your loss in future ...
Very well said which is actually true, Pump and dump schemes are common and also it do signifies that we do have a healthy market but in the situation of bitcoin I can say that it cant be manipulated easily but somehow can make some effects on price movements if a certain group would decide if they would either accumulate or secure profits. Its just like that and as a trader and investors we do know how to ride with those bumps.

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November 15, 2017, 09:18:01 PM
 #597

I am a bit worried about the development of the mining process. Since the bitcoin blockchain is growing and growing it is becoming harder for "normal" backers to mine bitcoins...

Is there anything in progress to prevent bitcoin mining from moving into centralized mining companies? Is there a way to make bitcoin mining possible for "everyone" in order to follow the blockchains original idea of decentralization?

Thank you for sharing your ideas with me!
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November 16, 2017, 02:34:38 AM
 #598

So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.
In the market, the definition about dump and pump is normally for any asset, pair trading and Bitcoin is also a pair trading affected by this rule. Before investing anything, you have to remember accept the risk of investment, accept your loss in future ...
Very well said which is actually true, Pump and dump schemes are common and also it do signifies that we do have a healthy market but in the situation of bitcoin I can say that it cant be manipulated easily but somehow can make some effects on price movements if a certain group would decide if they would either accumulate or secure profits. Its just like that and as a trader and investors we do know how to ride with those bumps.

Indeed! Pump and dump is the ñormal and common situation in trading. It is because of the flow of the increasing demand of bitcoin. A good trader must know how to handle those kind of situation.

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King Sastro
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November 16, 2017, 03:52:22 AM
 #599

So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.
In the market, the definition about dump and pump is normally for any asset, pair trading and Bitcoin is also a pair trading affected by this rule. Before investing anything, you have to remember accept the risk of investment, accept your loss in future ...
Very well said which is actually true, Pump and dump schemes are common and also it do signifies that we do have a healthy market but in the situation of bitcoin I can say that it cant be manipulated easily but somehow can make some effects on price movements if a certain group would decide if they would either accumulate or secure profits. Its just like that and as a trader and investors we do know how to ride with those bumps.

Indeed! Pump and dump is the ñormal and common situation in trading. It is because of the flow of the increasing demand of bitcoin. A good trader must know how to handle those kind of situation.

This is what makes us interested in trading, when all the analysis is not useful then the money owner must pump to get profit and dump again to be able to buy cheaply. this is trading, so do not ever think this is natural.


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hangar18
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November 16, 2017, 05:12:28 PM
 #600

So it was a huge pump and dump afterall huh. Well accomplished, scammers. Effectively done.
Bitcoin is not a pump and dump, bitcoin is just like any other asset and the price can change and since bitcoin is so new then the price has a tendency to move a lot some people see this as a scam but it is not they are just bitter because they have lost so much money due to their own mistakes.
In the market, the definition about dump and pump is normally for any asset, pair trading and Bitcoin is also a pair trading affected by this rule. Before investing anything, you have to remember accept the risk of investment, accept your loss in future ...
Very well said which is actually true, Pump and dump schemes are common and also it do signifies that we do have a healthy market but in the situation of bitcoin I can say that it cant be manipulated easily but somehow can make some effects on price movements if a certain group would decide if they would either accumulate or secure profits. Its just like that and as a trader and investors we do know how to ride with those bumps.

Indeed! Pump and dump is the ñormal and common situation in trading. It is because of the flow of the increasing demand of bitcoin. A good trader must know how to handle those kind of situation.
How to do that? You need to be ready with any situation, but it is not enough to have good position in the market while the market happen the opposite your prediction. You also have some plans, strategies for the worst situation, that is the one of requirement to help you keep safe your capital when investing.
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