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Author Topic: Was Bitcoin actually just a Pump and Dump?  (Read 44705 times)
carlisle1
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December 03, 2017, 06:21:46 AM
 #621

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

 
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Harriti
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December 08, 2017, 05:35:08 PM
 #622

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.
However, it's still a pump made by the human. It doesn't automatic become strong and increase more in the value. It depends on the whale are the trader have money to pump and dump. The whale need to do that because they do that to making profits, so dump time is also neccessary for them.
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December 08, 2017, 05:51:02 PM
 #623

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.
However, it's still a pump made by the human. It doesn't automatic become strong and increase more in the value. It depends on the whale are the trader have money to pump and dump. The whale need to do that because they do that to making profits, so dump time is also neccessary for them.
Sure the human beings are the one making bitcoin stronger, we are the power of bitcoin. It's time for all of us to understand that bitcoin has now entered into another phase. Everything has changes a lot and so are the whales strategy, initially it was easy for them to pump and dump the market easily but nowadays it's becoming harder for them. They can't dump the market now because they have threat to not to get back their bitcoin they thrown to the market because people are crazy for bitcoin and are eagerly waiting to buy bitcoin.
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December 16, 2017, 11:24:57 PM
 #624

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.
However, it's still a pump made by the human. It doesn't automatic become strong and increase more in the value. It depends on the whale are the trader have money to pump and dump. The whale need to do that because they do that to making profits, so dump time is also neccessary for them.
Sure the human beings are the one making bitcoin stronger, we are the power of bitcoin. It's time for all of us to understand that bitcoin has now entered into another phase. Everything has changes a lot and so are the whales strategy, initially it was easy for them to pump and dump the market easily but nowadays it's becoming harder for them. They can't dump the market now because they have threat to not to get back their bitcoin they thrown to the market because people are crazy for bitcoin and are eagerly waiting to buy bitcoin.
You can see the whale are making the price of Bitcoin does not dump below $10,000 again.
Do you think they want to keep the Bitcoin price be stable and higher than $10,000?
It seems my idea is true Cheesy.

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January 15, 2018, 07:00:29 AM
 #625

Nah, don't think Bitcoin is just a pump and dump. Many people are believers of Bitcoin and want to see it grow and become the currency of choice in the near future.

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January 15, 2018, 08:46:37 AM
 #626

Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.

Who is pumping and dumping bitcoin? There is no central authority for Bitcoin. It was created by Satoshi and work carried on by other developers. And when will the dump happen?

In normal pump and dump schemes the product has no utility and the investors dump it after they have found a few fools to buy their stock. this is not the case with bitcoin.
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January 31, 2018, 10:42:57 PM
 #627

Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.

Who is pumping and dumping bitcoin? There is no central authority for Bitcoin. It was created by Satoshi and work carried on by other developers. And when will the dump happen?

In normal pump and dump schemes the product has no utility and the investors dump it after they have found a few fools to buy their stock. this is not the case with bitcoin.
Currently, we do not have much policies for the cryptocurrency market, this is the good point for the rich and the whale control the market without break the law of stock market. Therefore, almost the dump time are large and strong, ~30-50% per day (pump/dump).
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February 02, 2018, 07:27:29 AM
 #628

Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.

Who is pumping and dumping bitcoin? There is no central authority for Bitcoin. It was created by Satoshi and work carried on by other developers. And when will the dump happen?

In normal pump and dump schemes the product has no utility and the investors dump it after they have found a few fools to buy their stock. this is not the case with bitcoin.
Currently, we do not have much policies for the cryptocurrency market, this is the good point for the rich and the whale control the market without break the law of stock market. Therefore, almost the dump time are large and strong, ~30-50% per day (pump/dump).
This is why people are really after this market because investors have too much liberty here and they are supposed not to follow any particular government or policies.

You should keep in mind that bitcoin and other digital currencies are in high demand because they offer very much margin to investors regarding the investment. They are free to withdraw their coins at any time. Even if the dumps are longer, no need to get worried.


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March 23, 2018, 09:05:16 AM
 #629

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"









bitcoin is very interesting, i dont know why bitcoin like that. so far im confident invest with bitcoin
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