Was Bitcoin actually just a Pump and Dump?

[twicezeroiszero]

It is not pump and dump because it is more on pumping so it is better to say that bitcoin is pump and pump. Bitcoin may have dumping days but it is just temporary and after a few days or weeks then it will go pump hard again and it will have a bullish market for a lot of weeks which is pretty awesome because it is showing that bitcoin is more into pump and pump not pump and dump.

Why do you not say after few months, few years?
In my opinion, the price of Bitcoin is really depends on pump and dump, of course, with a young trading market as Bitcoin, it is reasonable for the growth and attract more investors.

[bakunawaaa]

You have a good argument in that if it does get regulated the price of bitcoin may drop. But it is very difficult to regulate bitcoin and even if they do, the population of people using bitcoin is now very huge. As what they say about the banking industry, it is too big to fail.

[EdenHazard]

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.

pumping and dumping actually an attempt to scam other people in the market .

pretend that there is a bullish situation or bearish created by some people with large amount of capital so it looks natural but actually once some people get trapped and those people who did the pump/dump have got their benefit , then the action ended causing the market chaos . it could be done in small market only i guess.

[lelahkenabanned]

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"

which makes the bitcoin price move in terms of market demand factor, if seen from the many people in the world only 25% know the benefits of bitcoin transactions, if they all know the benefits of having bitcoin then all will want to buy bitcoin and have bitcoin this could be the trigger price increase because the harder bitcoin to get.

[Cherylstar86]

It is not pump and dump because it is more on pumping so it is better to say that bitcoin is pump and pump. Bitcoin may have dumping days but it is just temporary and after a few days or weeks then it will go pump hard again and it will have a bullish market for a lot of weeks which is pretty awesome because it is showing that bitcoin is more into pump and pump not pump and dump.

Why do you not say after few months, few years?
In my opinion, the price of Bitcoin is really depends on pump and dump, of course, with a young trading market as Bitcoin, it is reasonable for the growth and attract more investors.

Yes that's true, more investors will be attracted nowadays specially the price records on the recent days passed was surprisingly high. Pump and dump of bitcoins was a result of how investors decide it whether they will sell or buy bitcoins for their holding purposes like of making it as their investment assets. Many people this year 2017 had been doing great profitable investments, which probably improved their status of living because of bitcoin holding.

[nightfury]

That may be the case of others' point of view when they look at the graph that whenever bitcoin encounters a dip of its market value, it always comes back and shines. So it might be that it's a matter of pump and dump where dumping causes the bitcoin's price to plummet and they will pump it again so the market value will go high.

[Dudeperfect]

Good theory but I don't see any such possibility. There are some early adopters who are leaving or reducing their involvement in Bitcoin but that doesn't mean that there is anything on Bitcoin's side. Bitcoin is still in the early phase and hence there is volatility is taking place and during this journey, we have experienced sharp ups and downs in the price when everyone tried either to exit with their profit or loss or wanted to make more money but that doesn't mean we should label it as a pump and dump.

[ariewashere1]

It might have beena pump motor and get rid of, but it do create power to the point where almosll majour banking institutions have blockchain technology Urt a

[Predator25]

You do have a point but I think this is bigger than the Internet (or will be).   Bitcoin most likely won't be the end result of digital currency.   Something else will take it over.   What really needs to happen is have some integration with the banks and the cryptocurrency network.  That will be the true winner at the end of the day.  Something where you CAN store in banks as an option but pull it out and store on your own if needed.

Yes i agree with this because the price before the bitcoin reaches this high value foday the price of bitcoin first is just sic thousand dollars just an estimation and it is very low value comparing todays value.

[CryptoKyddie]

lol thats would be the funniest thing ever. but would mean death to most crypto coins. WOuldnt surprise me

[Freegan]

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"

In a project in which so much money is handled, there could have been the possibility that someone would plan that, but taking into account the many years that had to pass so that the capital really began to be interested in bitcoin, it would undoubtedly have been a disappointing wait, without guarantees of success.

In addition, I believe that cryptocurrencies have proven to have a real usefulness to facilitate things in real life, so if someone plans to leave with the money collected so far, the cryptocurrencies would continue their evolution in an organic way because they are here to stay and improve the current economy.

[Fulmand]

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"

In a project in which so much money is handled, there could have been the possibility that someone would plan that, but taking into account the many years that had to pass so that the capital really began to be interested in bitcoin, it would undoubtedly have been a disappointing wait, without guarantees of success.

In addition, I believe that cryptocurrencies have proven to have a real usefulness to facilitate things in real life, so if someone plans to leave with the money collected so far, the cryptocurrencies would continue their evolution in an organic way because they are here to stay and improve the current economy.

Absolutely yes, they are actually pumping and dumping because of a supply and demand and the effect of segwit fork.Being a rising the demand it’s because to the users have investing there bitcoin and some are holding in several months and some are newbie in business so most probably
it adds to the community of bitcoin and varies or affect  the bitcoin movement were the graph population have increases more.

[hiscall]

with simple word Bitcoin is a bubble .

many users talk about that because price multiply by 10  in 1 year . if bitcoin bubble it will be Huge bubble happen from long time .

just check CNBC will find many Economics  make analysis like that

[Cangkeman Wae]

I do not think so, as we know that today the bitcoin marketcap has reached more than $ 130 billion, and it will certainly be difficult for anyone to create a pump or dump. everything happens purely from the market because of active users bitcoin trading.

[adam1230]

this is totally wrong. Bitcoin is not a pump and dump coin. You will never find enough beudget to dump or pump bitcoin.
Maybe if you can launch a tether fork then you will able to pump and dump.

[lobo13hf]

I do not think so, as we know that today the bitcoin marketcap has reached more than $ 130 billion, and it will certainly be difficult for anyone to create a pump or dump. everything happens purely from the market because of active users bitcoin trading.

It won't difficult as you say. Just try to make something that can make another person feels panic just like try to give a little bearish signal and then another will be following it. Since the bitcoin can be considered as the bubble and there will be a reason to call the bitcoin can be pumped or dumped.

[Perseusallen]

Bitcoin today has dump itself from to 574k to 500k at very quick time. So no buying bitcoin for now cause it dump for now. Maube tommorow or maybe next qeek.

[hangar18]

I do not think so, as we know that today the bitcoin marketcap has reached more than $ 130 billion, and it will certainly be difficult for anyone to create a pump or dump. everything happens purely from the market because of active users bitcoin trading.

It won't difficult as you say. Just try to make something that can make another person feels panic just like try to give a little bearish signal and then another will be following it. Since the bitcoin can be considered as the bubble and there will be a reason to call the bitcoin can be pumped or dumped.

Some predictions from those who called "expert" can make the price of Bitcoin increases or decreases, it is very easy. In addition, the rich (whale) can make the price of Bitcoin increases or decreases by their money, but it is high risk because they need to calculate careful the percent of others will decide as their prediction or not.

[misterj]

Based on the status of bitcoin. Pumping and dumping bitcoin could provide you income but its not that worth it since we could still see that bitcoins value is still increasing. This means that your money could have provided more value to you.

[carlisle1]

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 i think we come this far with a concrete answer right?that the OP is right just PUMPING AND DUMPING and theres a rollercoaster riders that some shouting for joy and some are shouting for frightnes,those who shout for joy is the gainers and those shouting for fright is the losers..

It took us morethan 3 years to finally accept that fact right?lol