Topic: Bitcoin prices spiked to $ 6,900 when BitMEX turned offline. - page 2. (Read 292 times)
Like the other members said that there is a market price manipulation here in bitcoin market price. As the system goes offline people are investing which resulted to peak the market price up to 6.9K. This is the proof that the people has a good trust on bitcoin because even market price is down they still do invest.
There is nothing surprising in this growth. The usual manipulation of Bitfinex. On the eve they transferred 100,000 Tether to their wallet.
This means it could be true the whole manipulation by BitMex as regards bitcoin price. Am not concluding yet till they fully come back.
This is far from mere coincidence at all because a surge happening at the same time as the maintenance is something worthy of concern. However, the amount of money that would be involved to make such command such surge is what I am still trying to understand and how all the numerous exchange sites all over the world would just key into the change in price in a matter of minutes leaves so many questions unanswered.
Evidences put forward to me could be interpreted as circumstantial because I don't believe some manipulations of those high level would leave traces such as this to be found easily on the internet which means this too will pass and there is need for everyone to be more careful. Its a high price that result today, tomorrow it could be a huge fall in price.
Evidences put forward to me could be interpreted as circumstantial because I don't believe some manipulations of those high level would leave traces such as this to be found easily on the internet which means this too will pass and there is need for everyone to be more careful. Its a high price that result today, tomorrow it could be a huge fall in price.
So obviously there's manipulation from behind. And I was quite surprise to see the price spike to $6700 now and I wonder what's the reason. We have been trading sideways for the last couple of weeks and I thought that this is a break out run. 
. For sure day traders have taken advantage of the situation, but I wouldn't be surprise if the price goes to $6400-$6500 again because this is just artificial pump.
. For sure day traders have taken advantage of the situation, but I wouldn't be surprise if the price goes to $6400-$6500 again because this is just artificial pump.Yeah a $300 leap in 1 min for no fundamental reason is just unbelievable, especially if it lines up so conveniently with the maintenance of another platform. These clowns are taking advantage of each other to line up tether pumps so they can make short term profits off the swings. Not that it's much different from what the giant hedge funds & institutional investors do on the London, New York opens.
It's been quite stable and managed to keep a green 4H so it might not necessarily drop back down. Sometimes a breakout is all that's needed for a good signal to the other traders.
I'm not surprised that BitMEX happens when it's offline. We all know there's a lot of insider trading on the exchanges. Investors lose a lot of money in futures trading on many exchanges. I even think the exchange is the biggest whale in the market. Each of us may have to put bitcoins in our wallets.
So obviously there's manipulation from behind. And I was quite surprise to see the price spike to $6700 now and I wonder what's the reason. We have been trading sideways for the last couple of weeks and I thought that this is a break out run. . For sure day traders have taken advantage of the situation, but I wouldn't be surprise if the price goes to $6400-$6500 again because this is just artificial pump.
. For sure day traders have taken advantage of the situation, but I wouldn't be surprise if the price goes to $6400-$6500 again because this is just artificial pump. 
There was a tweet that says that Bitfinex did something fishy and took advantage of BitMEX's downtime. No comment from me for now. Couldn't confirm if the tweet is legit as Bitfinexed's Twitter is private. Thoughts?
Bitcoin prices jumped on Wednesday morning, rising nearly $ 300 in less than a minute to break out of the barriers of recent days.
It happened exactly at 1:00 UTC, when the BTC rose from $ 6,466 to $ 6,745 in a one-minute candle on Bitfinex and bitcoin prices continued to rise thereafter, rising above $ 6,800 and peaking at $ 6,899. USD before returning to its present value of $ 6,716 (2:15 p.m).
The special thing here is that this happened near the time of BitMEX - an electronic money trading platform that processed billions of dollars worth of daily deals - offline for periodic maintenance. Therefore, this phenomenon may not be permanent.
At the time of writing, BitMEX had begun to restore the service, although it had not reactivated the transaction service. Therefore, it is possible that this sudden price increase will last until noon.
It happened exactly at 1:00 UTC, when the BTC rose from $ 6,466 to $ 6,745 in a one-minute candle on Bitfinex and bitcoin prices continued to rise thereafter, rising above $ 6,800 and peaking at $ 6,899. USD before returning to its present value of $ 6,716 (2:15 p.m).
The special thing here is that this happened near the time of BitMEX - an electronic money trading platform that processed billions of dollars worth of daily deals - offline for periodic maintenance. Therefore, this phenomenon may not be permanent.
At the time of writing, BitMEX had begun to restore the service, although it had not reactivated the transaction service. Therefore, it is possible that this sudden price increase will last until noon.
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