Quote from: btc78 on April 30, 2024, 03:52:22 AM

Quote from: BlackBoss_ on April 30, 2024, 03:28:21 AM

With Bitcoin, it is better and more accurate if you use words like growth, not pump and dump.

Altcoin projects are said to be pumped by fake investors to make it seem like the coin is doing well and that it invites more investors just to dump it later on when there is enough profit to take. Bitcoin isn’t like that at all. Yes, it is volatile and its increase in price isn’t stable or a constant uphill movement however its investors are genuine and aren’t just developers trying to take profits from all the other investors.

It’s important to know the difference as you might be spreading misinformation which can cause a lot of misunderstandings regarding the nature of bitcoin.

Interesting perspective! I'm curious, what indicators do you use to distinguish between genuine and fake investors in the crypto space? And how do you think this impacts the long-term viability of different coins?