Topic: Bitcoin Being Manipulated - page 4. (Read 1310 times)

When China made the ban on ICOs and later on Bitcoin exchanges, the market reacted due to fear of the unknown since China at that time was still a major player in the Bitcoin market. This is just a natural reaction from the market. Traders as well as speculators know that people would be reacting negatively to the news...that is why the value of Bitcoin suffered or got into the dip. It did not however made Bitcoin collapsed that why when there is a dip there would be many who would buy the coin because they are taking advantage of the opportunity. This is just a natural cycle for Bitcoin and there is nothing new here.

Now, if you are trying to posit the idea that China intentionally ban the ICOs and the Bitcoin exchanges so that the elites can buy more Bitcoin then that is just another conspiracy theory and certainly if you believe that then you don't really grasp the mentality and mindset of the Chinese government. The Chinese government has its own agenda and for now Bitcoin is not a part of that...in fact they are introducing their own cryptocurrency right now which they can control anytime unlike Bitcoin.

And when the price of Bitcoin dip it is not limiting the opportunity to buy more Bitcoin to the elites as the market is open to all as long as you have the money to buy.

Panic sell/buy have been around for quite some time. Many use this tactic to buy/sell bitcoin at the right moment.
Off course many follow news and make moves on what they read or hear sometimes this is good but we saw that news many times comes out late when all is over.

For me it's because of people itself. People who are holding bitcoin when they panic sell. Also for fake news that are spreading about bitcoin, so the price can be affected. Since, it's decentralized digital currency , government don't own the bitcoin. We do whatever we want.

Well, we never know. That could be possible. Most of the big whales came from China. They can bribe some personalities or government staffs to create some FUDs to scare people and eventually sell their bitcoin because they are panicking. Also they could bribe media to spread and sensationalize the FUDs.  Look at JP Morgan CEO Jamie Dimon statement. The media sensationalized the statement and people buy their drama. There are rumors that they actually buying at the dip. Seems like a pattern to me. China drama don't work anymore. So another drama is created by Jamie Dimon. People buy that but not last long because people now are more aware.

Exactly what I meant I didn't mean like it is being manipulated directly, it's just that since the chinese know that they've got a stronghold of the market they just make policies that cripple the currency so investors can buy during then when the price is low.

in my opinion, this might be true because most of them who are investing in bitcoin are business minded and this is their way of doing their business - Always buy low and sell high. What we can do when the big players play like in this case, is for us small players to go with the flow or ride with the wave/trend of bitcoin's price volatility. We must know when to enter and when to overcome greed and exit when you gained enough profit.

I think so too, it's one of the big financiers or whales, by making negative news about bitcoin and following the big selling panic, that's where the game is started by the financiers by buying cheap prices, my advice for bitcoin users should not be easily affected by panic selling.

I think you have raised a valid point. That's how the market can be manipulated by certain individuals or entities from behind. You may add Jamie Dimon as one of the master manipulator when he announced that bitcoin is a fraud or like it to a tulip bulb. The price plummeted but they secretly bought huge amount of bitcoin at floor price and sold it when the price goes up again. It is very fraudulent, but no one can stop this practice because bitcoin is de-centralized. But as for China, I really believed that they didn't do it purposely, its that the timing of their sudden anti-bitcoin stance is not right.

Yes most of the assets that is listed in trading platform are always being manipulated by rich guys and same goes for bitcoin. However its quite easier to manipulate crypto market because of very low marketcap and high number of newbie crypto traders.  

The one who have been with crypto trading for years have also bought large stack of bitcoin when it was being dumped due to Chinese BAN fud along with those rich manipulators from china.

Be it demand or supply, manipulation had always been there. But it's not country based now as when China tried to back off of Bitcoins, there were holders and supporters who managed to take the price back to where it was. It shouldn't be considered manipulation but a "dump" of Chinese in their exchanges to shift their money from their own country to offshore countries and to its vie, others joined the "party". And I hardly believe there will be any in China who will now take their funds back to the country while their government is planning to "regulate" Bitcoin exchanges through licensing techniques. The drop may be due to one single country but buyback was being done by the entire force that was inserted through other countries being listed in the top 10 countries in terms of trading and usage of Bitcoins.

This is how corporates and illuminati groups always catch the international shares and ruling the most of the corporate companies under their control. Whenever the price starting to dump in the price index that time we have to be careful and should not sell out the coin for fortnight atleast. There is a supply issue will happen if mass holding happens from every side. Then according to supply and demand theory bitcoin price will bumps up.

It is difficult to say whether this is really intentional manipulation of the bitcoin markets or not. When a large country like China puts bans or restrictions on bitcoin trading it follows from natural market forces that the BTC price will fall somewhat due to Chinese traders cashing out to withdraw or move BTC somewhere else, not to mention the FUD (fear, uncertainty, doubt) effect from the news itself, which tends to affect even non-Chinese traders on a psychological level. This does not necessarily suggest intentional manipulation; it is quite possible that the Chinese government simply wants to introduce regulation to this particular market sector and/or clamp down on fraudulent activity.

If that's the case I think they're not aware on what is written in bitcoin, not literally written but the characteristics per se of bitcoin, it is naturally madw being decentralized , in which no one can hold general control aside from his own account, this is what makes a bitcoin unique and yet doing some thing behind the scenes? I think thats abide the law.

You are thinking exactly the same as what I think but it's not just about them. The real thing about it is the one that you are trying to forget the issue of it's supply and demand. But who really knows if there is a sabotage in the market of bitcoin as it's a normal thing into something that is really profitable. Even in different business sectors there is a manipulation that's happening like in electricity, banking, retailing and other industries.

Who says all that information is coming from the actual government? I bet multiple sources twist or thicken the story to their own benefit.

Good point, this is an open market movements, it is uncontrolled so easy to expect that some body play with it to make profits. We will see much more fluctuations in coming days as I expect.

I think what they meant by manipulation is someone pushing up the bitcoin prices or pushing the bitcoin prices down, just how people do it in the stock market. Not necesssarily have to be done by a certain country.

I think bitcoin can not be manipulated by any country. The state can only make the rules of bitcoin circulation in the country, from the celebration can harm or benefit the owner of bitcoin.

there is always going to be a certain level of manipulation in all the markets and bitcoin is no exception. in fact things are more severe in bitcoin because it is a small and unregulated market.

but to say "the countries that have more users" and then say "China" doesn't make sense. there may be a lot of traders in China but not users. and the price drop and the manipulations were mostly in USD market not the CNY one. CNY price dropped hard to 30-40% lower than USD equivalent!

I don't know what made you think bitcoin has being manipulated. We all know that, from last year onwards Chinese government was against cryptocurrencies and no wonder this year they banned the usage of bitcoins. We all are humans and its human nature to panic quickly and because of that many sold their coins. Because of that btc price went down . In this matter frankly speaking, I don't see any manipulation here.