Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin going to be forever pump and dump?
by
kendra1107
on 21/04/2018, 23:23:15 UTC
All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this?
I believe it will. That's just how it works in this kind of system where volatility is involved. A trading system will always have that common trend of rise and fall. It can never be a continuous up trend. There will be a fall at a certain point.

Isn't there going to be a stage wherein the price will be stable?
The market is alive and active so movement or activities within the market are quite independent from each other. Meaning, some will buy and some will sell. A flat line on top of a high price will not happen. A continuous up trend will not happen.

Cause it seems like riding and leaving a virtual money vehicle. Any thoughts will be highly appreciated.

It is a virtual roller coaster ride as the waves on the charts resembles that of a roller coaster track. Now the chances of finishing that ride successfully is much greater than falling off the track and ending up dead. So come to think of it, it's all good as long as you HOLD on firmly on those safety bars.  Wink