BTC doesn't need any manipulation to pump. But it needs manipulation to dump: How true is that statement?

[King Belieal]

I just read one statement from one of the most respected crypto analyst on X. He said that the whales don't control the rising of Bitcoin but they can manipulate it to dump. How true is this assertion when the whales can create a false pump to draw people in and dump afterwards?

 

[Suba]

Pump and dump are often done by whales on crypto that has a small market cap and a low price, but if you do a pump and dump on Bitcoin which has the highest market cap and a high price, then the effect is very small, but traders will take advantage of the whales' large Bitcoin transactions to take small profits. So the pump and dump done by whales will not destroy the price of Bitcoin.

 

[Fidelia]

Pump and dump are often done by whales on crypto that has a small market cap and a low price, but if you do a pump and dump on Bitcoin which has the highest market cap and a high price, then the effect is very small, but traders will take advantage of the whales' large Bitcoin transactions to take small profits. So the pump and dump done by whales will not destroy the price of Bitcoin.

This is apt. That's why the whales would find it best easy to pump meme coins and cause it to done because of the small market cap.

 

[gwolf666]

Yes, I agree and it is easy to explain, BTC was created so that as there is less and less BTC in circulation, the price is revalued and its value increases, this is why it does not need any type of manipulation to pump, because it is designed for this to happen, the last BTC will be the one worth the most, you can read all this in Satoshi Nakamoto's documents

 

[Augusta]

I don't know but I think Pump-and-dump schemes occur when the price is pumped by insiders and then dumped while the price is still high.

 

[riberet19]

False, it has been more than demonstrated that much of the pumps that Bitcoin has had have been with manipulation from exchanges and especially from stablecoins like Tether. It is well known about the plots between Bitfinex and Tether to pump the market, such as in the case of the bullrun of 2017.