Do whales harm themselves with the dumps?

[Morecoin Freeman]

Oh and to answer OP more specifically:
Most big players in bitcoin trading do not care about the bitcoin technology, which saddens me being a bitcoin enthusiast myself.
They will just keep pumping and dumping, leeching more and more money out of the market. That is also one of the many reasons we keep seeing lower prices.

How will this end? No one knows...

Trading has nothing to do with the technologie anyways. One is a financial decision, the other is a technical innovation.

Please show me how your argument is relevant.

Well OP asked how the big players in trading are not concerned with hurting bitcoin by pumping and dumping. That's why I addressed these big players, for the most part, do not care about bitcoin at all. And I believe the pump and dumps indeed hurt bitcoins image and the likelihood of this technology going mainstream.

[1714777349]

1714777349

[1714777349]

1714777349

[Hfleer]

Oh and to answer OP more specifically:
Most big players in bitcoin trading do not care about the bitcoin technology, which saddens me being a bitcoin enthusiast myself.
They will just keep pumping and dumping, leeching more and more money out of the market. That is also one of the many reasons we keep seeing lower prices.

How will this end? No one knows...

Trading has nothing to do with the technologie anyways. One is a financial decision, the other is a technical innovation.

Please show me how your argument is relevant.

Well OP asked how the big players in trading are not concerned with hurting bitcoin by pumping and dumping. That's why I addressed these big players, for the most part, do not care about bitcoin at all. And I believe the pump and dumps indeed hurt bitcoins image and the likelihood of this technology going mainstream.

The thing is, that Bitcoin has nothing to do with the price. The technologie doesn't care if it trades at 1000$ or 10$. Maybe you and OP confuse that aspect of it.

[Morecoin Freeman]

I think it does. The technology is already developed what it needs now is adoption.

Just my opinion. What do I know.

[btc4lifer]

Whales want to increase their stash/cash just as much as everyone else hence the pump/dump fleeces those who think they can trade but are really gambling.

[Hfleer]

I think it does. The technology is already developed what it needs now is adoption.

Just my opinion. What do I know.

Bitcoin code is evolving every day. Just check the Github for commits for example. Also the services aroudn bitcoin is what will make it successful or not. the price is just a function of the adoption. Not vice-versa.

[AtheistAKASaneBrain]

For all of us holders and non-holders, an organic rise in the price would be beneficial. A steady rise will only bring in new holders and users. However these pumps and dumps really delay a slow rise and they put people off adoption.

Would is not benefit the whales more just to hold rather than keep putting people off with their dumps?

They usually know what they are doing, otherwise they all would end up broke. They buy tons of BTC slowly when the price seems dead and dump later.
To stop this there is only one way: mass adoption.

[alani123]

For all of us holders and non-holders, an organic rise in the price would be beneficial. A steady rise will only bring in new holders and users. However these pumps and dumps really delay a slow rise and they put people off adoption.

Would is not benefit the whales more just to hold rather than keep putting people off with their dumps?

They usually know what they are doing, otherwise they all would end up broke. They buy tons of BTC slowly when the price seems dead and dump later.
To stop this there is only one way: mass adoption.

All big investors prefer to diversify their assets in order to hedge some of the risk. Big Bitcoin traders are most likely keeping a small portion of their funds with Bitcoin. Yet that's enough for the to manipulate the market.