BTC price

[YoshiGang777]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

[Charles-Tim]

DCA is still a good way of investing in bitcoin. If the price dumped, buy more. We are not targeting those fearing words but targeting all-time-high and six figure.

In my opinion, the market looks bullish and probably the bull market has started and it is going to last till 2025. If the bull market has not started and you have some coins, no need to panic and sell if you can hold for many months.

[DabsPoorVersion]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

It's possible. There are some people saying that the current price of Bitcoin is possible to be the start of the bull market. However, there are some people who suggest that this could also be a trap being set. There is always no one who can say what is the future, so it is important to remember to take profit and set a goal when do we need to take a profit. It is also advisable to have a better plan when buying Bitcoin once the price goes down again.

[Charles-Tim]

It's possible. Some people are claiming that the current price movement of Bitcoin might be the start of the crypto season or the bull market. However, some suggest that this could be a bull trap, similar to a classic pump-and-dump scheme. The future is always uncertain, so it is important to remember to take profit or set a goal for when to take profit. Additionally, it is advisable to have a plan for purchasing Bitcoin once the price goes down again.

Not in this. Because the future is certain. If there would be any bullback, it would only be for short period of time. It is good to be optimistic about bitcoin price because the future is certain which is all-time-high and the price to reach six figures. That would be in this year and next year. If you can hold your coins for many months or years, do not sell is the best advice.

[Learn Bitcoin]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

You never know what it is. I see this pump as a genuine pump because Bitcoin touched the 48K range even before the ETF approvals. Do you remember the ETF approval announcement and the movement in the market? Bitcoin was dumping after it was revealed that it was fake announcement and the alts were bleeding.

However, Bitcoin recovered from there in a short period of time. After that, ETF approved but we didn't see any significant movements. ETF is getting volume slowly and I believe this could be the effect of ETF that slowly reflecting.

[Power420]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

Bitcoin is worth a lot more than gold, because Bitcoin is definitely more likely to grow 2-3 times if you can hold it for a long time. But if you hold gold comparatively with the same amount of money, you are not likely to get that much profit. The future of Bitcoin is very good which is why I am brave enough to hold it as a trusted coin, but if it can be held in a strong wallet then Bitcoin is definitely safe. But I would suggest to invest in Bitcoin but it is better to hold for long term because Bitcoin price is sure to increase in future.

[dwyane36]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

I wouldn't pay attention to it. There have been countless comments from such critics for the entire time that BTC and the crypto industry have existed. I think it is quite normal for BTC to have pumps and dumps because the crypto market is cyclical like other markets. In fact, BTC and the whole crypto industry are getting stronger with each cycle, but such critics prefer to ignore it.

[bitterguy28]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

Every crypto movement might be pump and dump specially when the Bull market is still not on like when Halving is still not in the market .

But there is already possibilities that this is about the effect of ETF approval so actually we are still not getting what is truly happening in the market now as it maybe a pump and dump or another legit increase in new flow.

[Decora50]

If I compare in terms of benefits then holding gold is not profitable, holding bitcoin is more profitable. The price of Bitcoin is always going up and down due to which the maximum benefit can be achieved in a short period of time.

[Sokani]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

Peter Schiff has been saying rubbish about Bitcoin many years ago and it's only gullible persons that would take him seriously. I took out two of his derogatory tweets about Bitcoin in 2018 and look at where Bitcoin is today. I don't want to believe he forgets what he writes so easily but it's obvious he doesn't have sense.

"I know more about Bitcoin than anyone who was foolish enough to buy it, including those who got in early and were smart enough to get out.  Understanding the technology means nothing if you don't understand why it's not money."
https://twitter.com/PeterSchiff/status/1066508527785660416?t=Nbw5hBwvXXOYwO4_jmWGvA&s=19

"Don’t make the mistake of thinking that buying bitcoin below $3,800 is a bargain just because the current price is better than 80% below its record high. Bitcoin’s price could easily drop another 80% from here, and at $750 it would still be expensive!”
https://twitter.com/PeterSchiff/status/1066506512565223425?t=qZEaDfvN012MvU5Lwy6cGg&s=19

[Papusha20]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

Those who still live in the fool's paradise in this modern age will be the only ones to hold the gold. Holding gold will not yield much benefit as its price will be very limited. If you notice this month of February, the price of gold is at normal level. But in comparison the price of Bitcoin has increased tremendously. At present, the price of Bitcoin was up to 52500 dollars. So I never like to hold gold, the more bitcoins you hold the more benefits you get.  So good people invest in Bitcoin.

[ZAINmalik75]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

It is a pump-and-dump scheme for many big investors, but as we can see market is currently influenced by the ETF investors and they are trading OTC. And that's not really impacting any big influence over the BTC price. For example, a few days back Grayscale sold a lot of BTC and they were bought by BlackRock. The amount was so big that if that trade happened on centralized exchanges or even on decentralized ones, the supply would increase in the market and the market would dump for sure but instead, it did not dump.

This indicates that there are no pumping and dumping happening in the market at the current moment, and the market is going smoothly, I am not a good analyst but I think the market is making both understandable patterns for technical and fundamental. Small pumping and dumping is normal and it will be there everytime.

[Aanuoluwatofunmi]

Economist and gold bug #PeterSchiff has warned that the current #bitcoin price surge looks like "another classic pump-and-dump.

Your thoughts?

He has not been saying things like this before, neither is this the first time we are going to have the market pump and dump, we are so much concerned with the present and the future, we only use the past to give us more courage in going after in pursuit of what we want from the adoption of a digital currency like bitcoin, there's nothing to fear anymore even if the market is going bearish with bitcoin, theres ever this hope that the market will continue to rise over and over again.

[Jamal Aezaz]

We should not be afraid of pump and dump because it is common in crypto market and when we enter into the market then first thing which we learned is to use your patience under volatile conditions. You should take benefit from this ups and downs by buying bitcoin at different prices and sell it during Bull season.

I don't think that we will see huge dump very soon because Bull season is started and now we will see pump instead of continues dump. I don't say that dump will not be there but dump is just a temporary thing and we should not be afraid of it.

[salad daging]

People who don't believe in bitcoin will say it's a pump and dump but people who are pro bitcoin will say it's the asset of the future as its value keeps increasing every cycle.

I will not listen to people who do not like bitcoin because they will continue to spread FUD in the media or other social media.

IMO, bitcoin is important even the comparison of gold with bitcoin is far in terms of ROI so now many people will switch to investing in bitcoin because the value will always be positive in a short time even though in times of decline it will become a mockery, but we are already aware of this because bitcoin has high volatility.

Now don't listen to those who are not pro bitcoin, I now still believe bitcoin is the most profitable asset in the long run so I will continue to invest in bitcoin.