Topic: Bitcoin Manipulation Cartel — Price Suppression is their Goal (Read 257 times)
Of course the cartels are manipulating the price. They have already been caught doing it with gold and silver. If you don't think they are in here suppressing the price so they can continue to hold onto power you have been asleep and are part of the problem.
Most peoples will think CME futures is good for bitcoin because trillion dollar will buying bitcoin but its appears not good for bitcoin because bitcoin futures is not selling and buying bitcoin physical but its just contract paper.
Most of the hype was indeed related to people believing institutions would pump billions in Bitcoin's market, but it turns out to be a product for those looking to bet short or long, which in the last months has been more short.I however don't see them as one of the main drivers for the price to go down. It's pure coincidence that the futures are signalling shorts during a bear market. In other words, the price would go down regardless of CBOE and CME.
It's however not a cool story that the market tanks because of a lower overall demand. If you want to sell articles you have to point at the futures and Tether and government crackdowns as to why the price tanks.
Welcome in mainstream media land.
They consist of CERTAIN Traders, Agencies, Big Financial institutions & Media (I can list many more but let’s keep it limited). They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression.
Don't be stupid and expect everyone to just accept what you write.
If there is a cartel that consists of "CERTAIN" people, please list those "CERTAIN" people and provide the evidence that you have that shows that those "CERTAIN" people are working "in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression".
Otherwise, your are just spouting nonsense and there is no reason to believe anything that you say.
Most peoples will think CME futures is good for bitcoin because trillion dollar will buying bitcoin but its appears not good for bitcoin because bitcoin futures is not selling and buying bitcoin physical but its just contract paper. But end september ETF seem approved by regulator and if ETF approved, i am believe bitcoin price will rising
Bitcoin and wall Street trading is almost alike, both of them are tradable and as such many people tend to have a lion share of the quantity available, so these people tend to manipulate prices in their favour. Someone who has alot of BTC usually called a whale would be able to manipulate the market to suit his selfish interest, this is what we face regularly in the cryptocurrency market.
This cartel are really expect and interconnected to each other and I think they control basically everything including governments. Bitcoin has been having a very bad time because this cartel are selling off they holding and many of them buy when bitcoin was very low in pricing.
This cartel was born with clear and powerful strategies. The appeal of the community is so good that its competitors are scared. And bitcoin was once awkward as the appearance of the cartel caused the bitcoin to fall. That further demonstrates, it reduces the target is entirely possible. 
When the futures came in everyone was so sure that the prices will rise again and unfortunately bitcoins started their downfall from that day onwards so I think that this theory might hold some truth too , since even till now the price has been down.
I do think that whatever they could do they have done. They cannot decrease the price any further .. now the price has been stabilized and we need to wait for the upsurge.
I do think that whatever they could do they have done. They cannot decrease the price any further .. now the price has been stabilized and we need to wait for the upsurge.
I remember a post by someone just before the futures were launched stating
that futures would have a negative effect on bitcoin, and I also agree that it
seems like they have suppressed growth but that could also be coincidence.
If there is a conspiracy theory as in the OP how would they actually control
the market? Wouldnt they drive the prices wild and pump them to their
own benefit . . .
I have long said that there is an agreement between people who have a significant part of the bitcoin. But for us, simple users do not need to panic and hold their assets until the price goes up. Then these people can not manipulate the price as they do it now
This cartel are really expect and interconnected to each other and I think they control basically everything including governments. Bitcoin has been having a very bad time because this cartel are selling off they holding and many of them buy when bitcoin was very low in pricing.
They consist of CERTAIN Traders, Agencies, Big Financial institutions & Media (I can list many more but let’s keep it limited). They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression. See what happened on Jan-30–2018 and Mar-07–2018? (many bad news hitting the market within hours of each other as Bitcoin was sitting on a critical support at 10K). Once 10K was broken the Cartel took over and started shoring Bitcoin like HELL.
The most important factor is that Cryptocurrency are designed and destined to replace the USD/etc Fiat Currencies and severely weaken their stranglehold on world economic progress. They can be paid anonymously using bitcoin tumbling https://cryptalker.com/bitcoin-mixer/
I am sure that we see a cartel on the cryptocurrency market. But let's get real here. What can the cartel do? FUD spread may not have an action if we firmly believe in bitcoin. Reduce the price of bitcoin cartel can only through the sale of a large number of bitcoins. Why don't we buy coins now? I believe in the strength of the community and I believe that together we can easily confront any cartel.
Collective strength and with the power of the community will change them. Do not sit there waiting for good results, act enthusiastically to let us know our strength. There should be clearer plans and direction. And it is very difficult for anyone to overcome this power.
The real question here is this, are they working against Bitcoin alone, this numerous cryptos has to be a mess in their face, what would they do about other cryptocurrencies then, or is the assumption that, has bitcoin goes down, all altcoins go down, this looks like a war they cannot win if your conspiracy theory is true, lol, 21million max unit is a big problem i their face
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I mean id not think government will take any support of any medium to bring down the crypto currencies. We know very well that they can just ban it whenever they want it and they can regulate it the way they want it. Futures, look like organisation who has taken step forward to bless their clients with the crypto integrated exchanges and it would be far fetched to believe that they are bringing down the crypto or helping the government to do so. Any thoughts?
Why ban when can regulate.
PS: This article might sound like a grand conspiracy theory, but shared it since I think there is quite a bit of truth in it.
Unless you can provide proof of the existence of this "cartel" and identify its members, then you have posted nothing more than a grand conspiracy theory.
Furthermore, even if some of the article contains truth, that does not mean any of the rest of it does.
Definitely,this article is more about a grand conspiracy theory than facts. There is no proof of existence of this cartel, with gold price manipulation, finger can be pointed at Goldman Sachs, Deutsche Bank, UBS, HSBC etc, with Bitcoin there is no substantive evidence, just a theory, but like mentioned, shared it, for not fudding, but thought there is a bit of truth in this article.
Such Truth!
Hahaha but all of this makes me chuckle...
Dont you see the irony? Fiat has been dying while bitcoin growing!
LOL
If fiat/credit supply stopped growing, then house prices, stock prices, financial assets would crash significantly in value. But if they keep these from crashing, then fiat supply expands while gifting bitcoin further exponential growth. Hahaha.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Bitcoin's blockchain is the only unique one to provide the most security in a decentralized, global, incentivized fashion.
Popularity of Bitcoin will begin to explode with lightning in the next year.
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
All other altcoins in relation to bitcoin are worthless - more on this below;
All other "blockchains" are more private worthless databases, my old nokia phone can do worthless databases. Other blockchains are simply scams.
Bitcoin's price will be at the very least more than 4 times (400%) of todays price in 5 years.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...
Why are altcoins relatively worthless compared to bitcoin?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold).
For global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc), the fiat bubble system broke a couple of decades ago.
Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with (the following whether good or bad):
-regulatory burden on fiat banks & system (incredibly costly)
-inflating fiat to keep house-prices from collapsing
-inflating fiat to keep stock market rising
-financing conflicts, bombs, and "aid"
-backstopping insurance frauds
-costs of auditors and budgetors and accountants checking the same thing in governments and businesses
-big insurance loss-events
-unemployment & other welfare costs
-stabilize regions after natural disasters
-keeping monopolies with internet access and information centralized and search engine crawlers centralized
-officially sponsored "money laundering"
-backstopping credit chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
Bitcoin, systemically, is free from these limitations and burdens.
This Bitcoin manipulation cartel article was published on Medium in February, strictly not sharing this to spread FUD, but simply to get an insight into the possibility of a coordinated effort to suppress Bitcoin price by a cartel (Government/financial elite). Since Bitcoin market is highly speculative, this cartel might just be a conspiracy theory, obvious/natural price correction/bear market after a bull run, low Bitcoin futures trading on CME, but if you look at the market behavior since the launch of futures, the possibility of a cartel functioning to suppress Bitcoin price can't be completely ignored. There are some comparisons made on how the cartel suppressed precious metals market through futures.
PS: This article might sound like a grand conspiracy theory, but shared it since I think there is quite a bit of truth in it.
If their goal is to supress bitcoins price,and wants to manipulate bitcoins growth of popularity as well and the price itself most probably it hinders a hidden agenda.We don't really know the exact reason why Fuds were spreading so that people will believe in wrong information that enables price to dumps and people to panic selling by the times it crashes, manipulators would take advantage on it.This is a problem when some of us will be greedy by supressing its price to fall that brings stress to every bitcoiners. Quote
What is Cartel?
Cartel is collection of entities that work together to attain certain goal on behalf of the financial elite. Their goal is to control-the-price or suppress-the-price of a particular asset as desired by their ultimate boss (mostly government). Who is Government’s boss? It’s the financial elite.
They consist of Government agencies, big banks, Regulators & Media. They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression. See what happened on Jan-30–2018 and Mar-07–2018? (many bad news hitting the market within hours of each other as Bitcoin was sitting on a critical support at 10K). Once 10K was broken the Cartel took over and started shoring Bitcoin like HELL. Today we almost hit 8K. (and we are again below 8K when this post was updated on Mar-18)
Why do they do this?
It’s all about Dollar Hegemony and money control. Bankers and governments have recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.
Why only Gold, Silver & Bitcoin?
Why not Stocks, Bonds, ETF, Index funds, Mutual funds etc? The answer is in the previous question. “It’s all about Dollar Hegemony and money control”. When money flows into Gold, Silver and Bitcoin it shows that governments are bankrupt and their “Fiat” money is worthless. If these assets rise, all money will supply dry up and move into these assets. World will know the King has no cloths. When money stays in Stock and bond markets it supports Dollar trade. Therefore, it is very important that stock and bonds markets remain intact and have been kept elevated artificially.
In fact, you know what? There is a counter-party to Cartel in stock market and it is called — Plunge Protection Team — PPT. Cartel’s job is to keep Gold, Silver and Bitcoin markets suppressed while PPT’s job is to keep the stocks and Bond markets elevated.
Most of the Crypto community does not even believe Cartel exists or there is any kind of coordinated attack going on at Bitcoin. At the most they think it’s Whale or manipulators. They consider everything as “Coincidence”, and that is because it follows Technical Analysis (TA). Of course it will follow TA. The Cartel is investing trillions of dollars behind such efforts, do you think they don’t have highly paid chartists on their payroll? They pay $700 pa for their chartists. How may on Twitter-Bull have that income level?
So why did Bitcoin start going down exactly on the evening CME opened? It’s “Coincidence” according to the Bitcoiners. At 20K they were pitching for 100K, but now they say the correction was due anyway and we are seeing that normal 50% dip. This correction will soon be over and we will be going to 20 first and then the moon…so they say. First they said the correction is because BCH was listed at Coinbase, then they said its Tether subpoena, then they said No, No its Mt. Gox selling. Later on Mt.Gox changed his dates of selling. Market is still falling.
Cartel Feeds on FUD and Propaganda.
An EPIC war is being waged against Bitcoin. Eventually people’s money will WIN. But for now its going to be uphill task for bitcoin.
One day Cartel will lose control of the markets. That day will be EPIC. The prices of Bitcoin (and Gold/Silver) will rise astronomically.
Do anything but please DO NOT sell your Bitcoin to the Cartel. In fact, ADD more as they DUMP it on the market.
Cartel is collection of entities that work together to attain certain goal on behalf of the financial elite. Their goal is to control-the-price or suppress-the-price of a particular asset as desired by their ultimate boss (mostly government). Who is Government’s boss? It’s the financial elite.
They consist of Government agencies, big banks, Regulators & Media. They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression. See what happened on Jan-30–2018 and Mar-07–2018? (many bad news hitting the market within hours of each other as Bitcoin was sitting on a critical support at 10K). Once 10K was broken the Cartel took over and started shoring Bitcoin like HELL. Today we almost hit 8K. (and we are again below 8K when this post was updated on Mar-18)
Why do they do this?
It’s all about Dollar Hegemony and money control. Bankers and governments have recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.
Why only Gold, Silver & Bitcoin?
Why not Stocks, Bonds, ETF, Index funds, Mutual funds etc? The answer is in the previous question. “It’s all about Dollar Hegemony and money control”. When money flows into Gold, Silver and Bitcoin it shows that governments are bankrupt and their “Fiat” money is worthless. If these assets rise, all money will supply dry up and move into these assets. World will know the King has no cloths. When money stays in Stock and bond markets it supports Dollar trade. Therefore, it is very important that stock and bonds markets remain intact and have been kept elevated artificially.
In fact, you know what? There is a counter-party to Cartel in stock market and it is called — Plunge Protection Team — PPT. Cartel’s job is to keep Gold, Silver and Bitcoin markets suppressed while PPT’s job is to keep the stocks and Bond markets elevated.
Most of the Crypto community does not even believe Cartel exists or there is any kind of coordinated attack going on at Bitcoin. At the most they think it’s Whale or manipulators. They consider everything as “Coincidence”, and that is because it follows Technical Analysis (TA). Of course it will follow TA. The Cartel is investing trillions of dollars behind such efforts, do you think they don’t have highly paid chartists on their payroll? They pay $700 pa for their chartists. How may on Twitter-Bull have that income level?
So why did Bitcoin start going down exactly on the evening CME opened? It’s “Coincidence” according to the Bitcoiners. At 20K they were pitching for 100K, but now they say the correction was due anyway and we are seeing that normal 50% dip. This correction will soon be over and we will be going to 20 first and then the moon…so they say. First they said the correction is because BCH was listed at Coinbase, then they said its Tether subpoena, then they said No, No its Mt. Gox selling. Later on Mt.Gox changed his dates of selling. Market is still falling.
Cartel Feeds on FUD and Propaganda.
An EPIC war is being waged against Bitcoin. Eventually people’s money will WIN. But for now its going to be uphill task for bitcoin.
One day Cartel will lose control of the markets. That day will be EPIC. The prices of Bitcoin (and Gold/Silver) will rise astronomically.
Do anything but please DO NOT sell your Bitcoin to the Cartel. In fact, ADD more as they DUMP it on the market.
PS: This article might sound like a grand conspiracy theory, but shared it since I think there is quite a bit of truth in it.
I am sure that we see a cartel on the cryptocurrency market. But let's get real here. What can the cartel do? FUD spread may not have an action if we firmly believe in bitcoin. Reduce the price of bitcoin cartel can only through the sale of a large number of bitcoins. Why don't we buy coins now? I believe in the strength of the community and I believe that together we can easily confront any cartel.
Whether or not there is a cartel working against Bitcoin, that just exposes a flaw: namely that Bitcoin isn't cartel-proof. Instead of looking for who to blame for the bear market, we should improve Bitcoin so that it can't get attacked and there's no way around it.
In short, Bitcoin fails because it fails. Let's make it better.
In short, Bitcoin fails because it fails. Let's make it better.
Hi,
Either all this drop is because of a mass manipulation of the community from a large organization, whatever it is.
Either all this happens because in fact bitcoin is a bubble about to burst.
OR maybe it is just the beginning of a new, erratic trend, within the numerous chaotic trends bitcoin price has known. I think that the two theories above may be true, but still cannot explain it all. So my best guess is that there are so many explanatory factors that nobody really understand it, and even whales struggle to manipulate the market as they'd like.
But this is just my personnal theory!
Either all this drop is because of a mass manipulation of the community from a large organization, whatever it is.
Either all this happens because in fact bitcoin is a bubble about to burst.
OR maybe it is just the beginning of a new, erratic trend, within the numerous chaotic trends bitcoin price has known. I think that the two theories above may be true, but still cannot explain it all. So my best guess is that there are so many explanatory factors that nobody really understand it, and even whales struggle to manipulate the market as they'd like.
But this is just my personnal theory!
All those actions against Bitcoin and cryptocurrencies sometimes really seem like a coordinated attack but everything is much more simple. It is a psychologocal stuff. I remember Warren Buffett in one of his interviews saying like "Those cryptos are shit, my bank is way better. If cryptocurrencies are somewhere better then we gona work on our bank system to beat this shit. Use banks." Not literally those words but heavoided all disadvantages of the bank system saying that they will fix it while BTC will die.
That seems like a pure psychology. You have a billion worth business, you are working really hard to promote it and become more competitive and then appear a bunch of people that criticize it. It is obvious that bankers will take defensive position and start critisizing cryptocurrencies. It is not needed to create a cartel.
That seems like a pure psychology. You have a billion worth business, you are working really hard to promote it and become more competitive and then appear a bunch of people that criticize it. It is obvious that bankers will take defensive position and start critisizing cryptocurrencies. It is not needed to create a cartel.
what a sad news! the price was being manipulated by certain group or people that would take advantage of others investment.
im seeing this into different angle, if price manipulate to take it down, then maybe there's a plan to make it high, trader must be caution on the market trend or else there investment would be loss... elite won't hold it long for they also may loss somewhat.. in this hardship moment is the right time to hold the coin into your wallet so it will not fall to their hands.
im seeing this into different angle, if price manipulate to take it down, then maybe there's a plan to make it high, trader must be caution on the market trend or else there investment would be loss... elite won't hold it long for they also may loss somewhat.. in this hardship moment is the right time to hold the coin into your wallet so it will not fall to their hands.
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