Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: BTC Halving & BTC Pump Explained
by
BALIK
on 01/05/2024, 02:34:21 UTC
⭐ Merited by pooya87 (2)


If bitcoin is not manipulated, pumped and dumped, what will it be called when the 2022 bear season arrives and bitcoin plummets from $69k to $15k? Not to mention the bear seasons before 2022, bitcoin even dropped 90% before rising again, this is not a game of manipulation, pump and dump, what is this called?

Bitcoin might have gone through these periods but it cannot be easily manipulated like altcoins. Bitcoin price drop or rise is caused by diverse organic economic and political conditions, unlike altcoins that can pump through organized strategies to artificially inflate its worth.

It is true that there is a difference between bitcoin and altcoins, altcoins are manipulated by elephants, market makers and especially project developers, but let us not be naive that bitcoin is not manipulated. Just one piece of nonsense news is released and bitcoin is immediately dumped, then they continue to announce that the news is fake, and bitcoin recovers as if nothing had happened. If that's not manipulation, what do you call it?

The only difference between bitcoin and altcoins, bitcoin will also be manipulated, pumped and dumped but it will recover. As for altcoins, many altcoins will pump and dump and then disappear.