Post
Topic
Board Economics
Re: Was Bitcoin actually just a Pump and Dump?
by
perfect999
on 10/10/2017, 10:28:26 UTC
The price of bitcoin is still at $4k i don't think that even if bitcoin will stay at this price it would be a dump becuase it is a very high price and i think bitcoin will get another pump but not as high as it got earlier i would say it will go 2 to 3 times the price it is right now.
Ultimately there are pumps and dumps that have created such a beauty in bitcoin. Think of bitcoin if it is like a stable currency, then there would be not a difference of any little thing among bitcoin and any other fiat currency. Some people consider pump and dump as bubble that is referred one of the disadvantage of bitcoin, but I think that builds up bitcoin so far.