Bitcoin Cartel, Price Suppression | Bitcointalksearch.org

Xester

hero member

Activity: 994

Merit: 544

Quote from: aervin11 on March 27, 2018, 09:44:32 AM

Credits to a Private Crypto Channel for sharing

A must read!!!

Do you also see unusual chart movements that bitcoin keeps breaking the supports but still getting it's volume?
I will share an article on how Bitcoin's price was suppressed by a group called "Cartel"
The author's topic is well supported and you could find all the answers on the links inserted.

Warning : Copyright Content

https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

Share your thoughts. Would really much appreciated.

I dont think those are the cartels. We have no clear evidence to say that they are the cartels. Though there is a possibility that the cartels owns a huge amount of bitcoin since bitcoin was used in the black market a few years back. But its hard to tell if its really them, it could be another conspiracy theory. But there is one thing that is clear big whales are there and they are affecting the market in a very big margin.

erikstarfish

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Can someone tell me who are the other members of the dev team? Only the lead of the team has a linkedin account. Thank you.

jseverson

hero member

Activity: 1834

Merit: 759

I don't know... The title certainly fits though. I would describe it as 4D Mental Gymnastics Chess. The arguments kind of fit because lots of assumptions are treated as fact within the article like:

Quote

When money flows into Gold, Silver and Bitcoin it shows that governments are bankrupt and their “Fiat” money is worthless.

Quote

Why not Simply Ban Bitcoin (& Gold) and get over with it?

It does not work that way folks. There are severe consequences and repercussions of banning any asset, more so in the world of a social media.

If those are disproved (and they cannot be proved either), then the argument falls apart. Most of the evidence presented are circumstantial and anecdotal too. The author did acknowledge that the entire thing looks like a grand conspiracy theory, and I agree. I don't doubt that there's manipulation of some level going on, but I don't think a price suppression group exists.

That's just my two satoshis though. His strategies in the end are pretty run of the mill, so it shouldn't be too bad to follow his general advice.

bob3772

full member

Activity: 415

Merit: 100

Every single market in the world is manipulated in some way. Some of it is completely above board and legal, some of it is completely illegal but it happens in every single market. As long as collusion is profitable then it will continue to happen. The link between the introduction of futures and the market trend is quite an intriguing one, things do seem far more controlled now and it wouldn't surprise me if some large group is behind it. How that ends is anyones guess, if they're profiting enough already there's not really any incentive for them to pump prices to previous highs.

metenjean

full member

Activity: 854

Merit: 140

Quote from: aervin11 on March 28, 2018, 08:17:29 AM

Quote from: metenjean on March 28, 2018, 04:39:54 AM

This article has a similarity with this post https://bitcointalksearch.org/topic/m.32733172 but i don't know if they are the same person

Just to be clear, we are not the same person. I think that the author of the thread is the one who created that article on Medium because this article got copyrights to the owner and only the owner is eligible to use it. I just share his post because I want the communities say about it.

Quote from: metenjean on March 28, 2018, 04:39:54 AM

If someone has 100B$ to manipulate the market then believe me that was only a number on paper, you don't need to see 100B$ worth of gold or cash or bitcoin. You just need a number type into your account in the future CME market. It already sums who manipulate the market pretty much.

Correct me if I'm wrong but it says 4 Trillion vs 400 Billion Marketcap

Yes i meant perhaps the OP from before and the author of the medium is the same person. It did say 4Trillion maybe more freshly printed money vs 400B marketcap and its still just a number in paper, as an example i've made was bitcoin has market cap more than $130B for now and if you have even just half of the marketcap or 100B$ as i mentioned before, then you can totally controlled the market and that is what happened in almost every market right now. Cartel or not, i bet government has their own ways to suppress everything that seems already out of control.

aervin11

full member

Activity: 602

Merit: 103

Quote from: metenjean on March 28, 2018, 04:39:54 AM

This article has a similarity with this post https://bitcointalksearch.org/topic/m.32733172 but i don't know if they are the same person

Just to be clear, we are not the same person. I think that the author of the thread is the one who created that article on Medium because this article got copyrights to the owner and only the owner is eligible to use it. I just share his post because I want the communities say about it.

Quote from: metenjean on March 28, 2018, 04:39:54 AM

If someone has 100B$ to manipulate the market then believe me that was only a number on paper, you don't need to see 100B$ worth of gold or cash or bitcoin. You just need a number type into your account in the future CME market. It already sums who manipulate the market pretty much.

Correct me if I'm wrong but it says 4 Trillion vs 400 Billion Marketcap

metenjean

full member

Activity: 854

Merit: 140

This article has a similarity with this post https://bitcointalksearch.org/topic/m.32733172 but i don't know if they are the same person but they got the same point that when future market was implemented then that is the time when "someone" takeover the market. They don't need to have pyhsical item to join the real market, it doens't depend on supply and demand anymore rather than manipulating the market through the price alone.

If someone has 100B$ to manipulate the market then believe me that was only a number on paper, you don't need to see 100B$ worth of gold or cash or bitcoin. You just need a number type into your account in the future CME market. It already sums who manipulate the market pretty much.

aervin11

full member

Activity: 602

Merit: 103

Credits to a Private Crypto Channel for sharing

A must read!!!

Do you also see unusual chart movements that bitcoin keeps breaking the supports but still getting it's volume?
I will share an article on how Bitcoin's price was suppressed by a group called "Cartel"
The author's topic is well supported and you could find all the answers on the links inserted.

Warning : Copyright Content

https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

Share your thoughts. Would really much appreciated.

Topic: Bitcoin Cartel, Price Suppression (Read 135 times)