Post
Topic
Board Speculation
Re: Bitcoin has proven it can pump hard without the need of chinese gamblers
by
Idrisu
on 01/02/2017, 06:43:18 UTC
Every time I see someone refer to a rally as a "pump", it makes me want to grit my teeth.

Pump and dump is a fraudulent stock market manipulation technique. It has nothing to do with Bitcoin.


Bitcoin is currently trading at coindesk $972 and you call this a rally? I thought rally should be refer to when market is trading within 5 to 10pip in a range. As at this time yesterday, bitcoin was trading around $919 and today $972 at the moment, I think a 52 dollar gained should be referred to as pump. I believe those that buy at $750 early this year have makes alot of gained within a month.