Post
Topic
Board Speculation
Re: Is see the new pump is building up, $660 in 2 weeks
by
serjent05
on 16/10/2016, 17:26:46 UTC
isn't necessarily a pump, since bitcoin is not a pump and dump coin.

we'll see if it lasts or not, but calling it a pump beforehand is probably too soon.
yes, it's true. maybe this is just a normal movement. because when bitcoin required then the higher the price of bitcoin. we should be able to choose how the bitcoin move.
some movements for some people would sometimes considered abnormal. with the current price increases bitcoin, bitcoin market looks slightly panic. many people assume that bitcoin will continue to experience price increases. in fact many are speculating about bitcoin prices at the end of 2016.

Well of course, that what we called domino effect.  Once one action create an impact, either pump or dump, this will triger reaction to those who are observing the trend.  I think the demand of bitcoin and current price increase makes the people around it to speculate that it will increase continuesly making them do a panic buying which will create another bitcoin bubble.