Was Bitcoin actually just a Pump and Dump?

[panju1]

Seem like this price is just that.
Just some pumping and dumping price is roughly around 400 for some time.

Dont see any mark that price will go up for some reason.

A few months ago, USD 600 seemed to be the average price, now it seems to be $400.
We still are a long way away from resolving the volatility issue.

[BlindMayorBitcorn]

Was Ripple actually just a Pump and Dump?

[STT]

Seem like this price is just that.
Just some pumping and dumping price is roughly around 400 for some time.

Dont see any mark that price will go up for some reason.

That would be the big thing that unknown factors will affect price. Bitcoin is related to volatility as are a few things.   Bitcoin is a transactional currency and its worth is related to velocity, the biggest cause for its use and worth might well be unseen.  
 A big upset in price options on various commodities and stocks registers as volatility and will shift the dollar index and bonds for example, what really might cause upset is that bonds are already expensive.  Dollar is related to strength of bond demand as such a large amount of dollar are used externally, bitcoin is related to dollar but as its own currency may be inverse to any upset to the current economic system.    This kind of logic is behind the phrase black swan and so on, the biggest change is not seen or expected by a majority but that does not make it any more unlikely

[b-trading]

one thing that really interesting of bitcoin is the pump and dump action, without this bitcoin is not interesting

[ninjaskip]

Was Ripple actually just a Pump and Dump?

Until a few banks started using it, so now we know where bitcoin ( "the revolution against banks") is heading.

[sonofacoin]

No. If this was the case Satoshi would have dumped his coins and bought his own island by now. That's not to say he wont dump them in the future but there's always the risk.

Someone has to hoard coins to make them valuable... if the bank hoarded Camel shit... it will too become a priced object...

Imagine all those taxes on buying or having a camel... and camel food taxes and prices... Let alone the risks of having a camel as a mascot...

Camel shit would be the gold standard.

[azguard]

We all see price goes up and down.
When small changes are made we say that is pumping and dumping.
And when is huge we say manipulating.

[bajlox]

one thing that really interesting of bitcoin is the pump and dump action, without this bitcoin is not interesting

Yes in right time decisions you can make tons of cash or you can loose with bad calls and decisions.
Anyway fun is this price fluctuations.

[clubsofsteel]

all signs point to no bc satoshi still has thousands of btc in a wallet

[ninjaskip]

all signs point to no bc satoshi still has thousands of btc in a wallet

Satoshi was the nickname of the hacker that created Bitcoin.

In Japanese, Satoshi means “clear-thinking” or “wise”.

I doubt he holds the biggest amount of bitcoin.

[etoque]

Look good

[STT]

No. If this was the case Satoshi would have dumped his coins and bought his own island by now. That's not to say he wont dump them in the future but there's always the risk.

Someone has to hoard coins to make them valuable... if the bank hoarded Camel shit... it will too become a priced object...

Imagine all those taxes on buying or having a camel... and camel food taxes and prices... Let alone the risks of having a camel as a mascot...

Camel shit would be the gold standard.

I guess you were joking but the example doesnt apply at all.  Just on basic supply and demand, there is a very large supply of camel crap so a bank would need to store giant amounts.
     Im going to blow your mind right now and say you have accidentally named a tradable commodity, apparently animal dung can be used as a fuel for fires.   It is possible that people do store, sell and use it as something of value, not in the west but where animals commonly the most valuable assets people own then yes it could be a kind of loose currency.

It does not compare to gold as it naturally degrades over time and as said above the supply demand is not good for long term price stability and wealth accumulation is unlikely to say the least!   Its also used to coat houses I think, animals eat alot of grass which makes it a building material also.    Sorry for anyone grossed out

[arieq]

We all see price goes up and down.
When small changes are made we say that is pumping and dumping.
And when is huge we say manipulating.

My prediction is, People who have bitcoins now will be rich someday if something happens in the world where bitcoin will be useful and needed. Till then, people with bitcoin now will keep seeing the price go up and down by manipulation of whales.

[Atdhe]

The original idea, that BTC is the money without greed essence, was idea of stupid post-hippies. That was the only problem. The same problem that repeats over and over in history and all revolutions.

BTC is money. Better money, much better money, but still money. From the beginning it was driven by human greed and human greed and free trade made the BTC so strong now and will make it even stronger in future.

The people who dreamt about better world served as useful idiots from the beginning, I agree with that, but there was no masterplan behind it. History is always like that.

[Erdogan]

The original idea, that BTC is the money without greed essence, was idea of stupid post-hippies. That was the only problem. The same problem that repeats over and over in history and all revolutions.

BTC is money. Better money, much better money, but still money. From the beginning it was driven by human greed and human greed and free trade made the BTC so strong now and will make it even stronger in future.

The people who dreamt about better world served as useful idiots from the beginning, I agree with that, but there was no masterplan behind it. History is always like that.

It is better money for the users, but also for the society, as it jerks the rug under the banksters.

[Atdhe]

I do not know if money is good for society or not. I do not know if society is good or should be improved by better money etc.

BTC is better money for few minor reasons and one main. There is no issuer of the money and money equals trust. Fiat money is trust as well, but only until economics goes wrong. hen the issuer of the money, which is conglomerate state/central bank/banks, starts with the bullshit called "monetary policy" and the fiat money is not only the trust of people and their debt, but also some wishful thinking of the conglomerate. Money then stop to be pure money (debt), but it is mixed with other influences.

BTC is much better money, because it can serve as much better money. All the leftists that naively hope in better world and society because of cryptocurrencies will cry. The society with BTC as currency will be much more rough and much more polarised. Society today works as society, because the weak people who do bad decisions, do not pay full price for the decisions. It will change with BTC-economy. It is not just that you can not reverse BTC payment, that is just small and funny side story.

People in BTC economy will eat their financial karma to the bitter end. It is starting even now and BTC is not yet full currency.

[azguard]

I do not know if money is good for society or not. I do not know if society is good or should be improved by better money etc.

BTC is better money for few minor reasons and one main. There is no issuer of the money and money equals trust. Fiat money is trust as well, but only until economics goes wrong. hen the issuer of the money, which is conglomerate state/central bank/banks, starts with the bullshit called "monetary policy" and the fiat money is not only the trust of people and their debt, but also some wishful thinking of the conglomerate. Money then stop to be pure money (debt), but it is mixed with other influences.

All this can be happen and takes time.
But for minor reason this wont be replacement for real money cuz in my opinion banks will loose huge amount cuz very cheap transaction in any crypto.

[djokica]

Was Ripple actually just a Pump and Dump?

Yes. Just that. Like all other coin.

[bajlox]

So we pretty much all agreed it is a pump and dump game.

Yes it always pump and dump. We are all small fish in big blue sea.
But if were in right time and place we can make some cash.

But only when this pump and dump is over.

[rogerdonkey]

i hope pump for bitcoin price next year, my prediction bitcoin go to $ 1000 again.