Is Bitcoin a Giant Pump and Dump?
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Is Bitcoin a Giant Pump and Dump?

THELOGICALINDIAN - After an black of perusing the internets a column on reddit ashore out to me Bitcoin is actuality manipulated like added altcoins acquaint by mitchr4 See screenshot below

The writer, mitchr4, goes on to explain that he is or has been an alt-coin banker for a while and has apparent assertive pump-and-dump patters appear in the alt-coin industry. mitchr4 goes on draw parallels amid the contempo amount spikes and downturns in the bitcoin bazaar and the pump-and-dump attributes of altcoins.

mitchr4 goes on to explain how the pump and dump arrangement works in bitcoin….

If this is true, the amount can and is actuality manipulated like added markets. The catechism is until when? Back (IF) accumulation acceptance occurs, pump-and-dump schemes could be eliminated.

reddit Screen Shot-bitcoinist.com

Check out the r/bitcoin column here

photosource:r/bitcoin screenshot