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"
Yepp. That's how bitcoi works. Many people nowadays are using bitcoin and the numbers of users are continuously growing. We don't know how actually or what will be the value of bitcoin minutes by minutes. Bitcoin dump and pump depens on the demand of buying and selling of bitcoin. You don't need to worry because that's how it works and many people are actually aware of that.
Pumps and dumps are of two different types. There would be just a theatre of prices going up and then down and up and down causing just losses. But it may be a reason of some buying and selling at same time giving much profits.
So like you said here, bitcoins are matter of pump and dumps but for selling and buying and producing such fantastic profits.