Post
Topic
Board Economics
Re: Was Bitcoin actually just a Pump and Dump?
by
alfs75
on 08/10/2017, 13:08:26 UTC
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"







Thats the nature of the investment not all times its always pump up,and not all times always dump,even in other business there are times of up and down.bitcoin also have some struggle in blackchain and thats a marketing strategy.when you see the pareto chart of bitcoin price it will rise to $4000 to $5000 because of its demand,and when times other country like china band the bitcoin the price will go down.Thats the reality of crypto currency in the market pump and down.