Post
Topic
Board Speculation
Re: Who or what is pumping Bitcoin
by
Hughes_Ryan
on 04/07/2018, 21:56:21 UTC
What are their motives:

To pump and dump.

Or

Pump and get the price of BTC and investors confidence up. In this instance I would hope the intentions are good!
After buying the bitcoin at a low price, the whale will actively pump into the market, causing bitcoin prices to rise. After many people buy bitcoins at high prices, the whales will sell the entire bitcoin they have bought at low prices to make a profit.