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Topic
Board Speculation
Re: Is Bitcoin ready to pump (september 2018)?
by
pitiflin
on 12/09/2018, 23:22:31 UTC
Is Bitcoin ready to pump?
After a long wait, everyone wonders when Bitcoin will make a big pump. Many altcoins depend on Bitcoin and so it has some effect on them. So my question is: do you think Bitcoin is about to go up or should we expect a big drop?
Man pump isn't gonna happen, even if it does, its gonna be a big fail, at the moment. We are in a bearish season right now, and a "pump" in the middle will only make people dump more harder. Here's how it works: A pump is attempted to increase price from like 6.5k to 7.5k, the price increases to like 7k, people will prefer that price to 6.5k,they'll sell their bitcoin. Now, the pumpers will be running out of money to keep the supprot going on,and to continue the price to 7.5k will only become more harder. And since bitcoin will have more market supply at that time, people will sell for lesser than 7k, so the "pump" would only end in a misery,unless its backed by a lot of funds. Or in some cases, market doesn't react well,and "pump" becomes successful,but that almost never happens.