Big firms and companies investing in Bitcoin. Tesla, Micro Strategy and Twitter are just to name a few, pushing for global adoption.
Is this a sign for a long term investment or just pump and dump for them?
For these big companies, bitcoin is now becoming a reserve assets for them, so it's a long term investment. But for average joe like us, sometimes it's really hard to have that hold mentality, and so we will see some occasional sell-offs.
As far as I'm concern, pump and dump are applicable to altcoin market only. But for bitcoin, it's different though, yes the rise won't be parabolic and we will see some crashes along the way, but it doesn't mean that it is being dump, just some corrections and we have seen this pattern many times already