Bitcoin's Latest Rise Was Manipulated? - page 2.

bitzizzix

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Quote from: Serco on October 30, 2019, 05:48:54 AM

Quote from: Wind_FURY on October 30, 2019, 05:04:58 AM

Quote from: DaveWave on October 29, 2019, 09:10:31 AM

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated? Roll Eyes

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

i think lastest movement was not manipulation,it just good response from investors after good news released from china.technicall $7k was strong support where is many buy order waiting in this price, moreover china's news be good trigger to make bitcoin price recovered from $7k to $10k.if in near future china release another news i am sure it could drive btc price again.

Manipulating market prices is normal and must be able to respond wisely to avoid panic.
but I am very optimistic that bitcoin will continue to increase gradually to reach the highest price, and the good news is not only from Chinese news with the aim of implementing blockcahin but there is a lot of good news that makes bitcoin increase.

alyssa85

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There is not enough liquidity on the exchanges. Not enough existing sell and buy orders. So when someone places a big market order (either a buy or a sell) it burns through the existing orders.

I think exchanges should employ professional market makers to stabalise things. At present they offer a maker-taker discount if you place limit orders in advance across all buy and sell points, but not many investors want to tie up their coins on the exchanges like that.

Serco

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Quote from: Wind_FURY on October 30, 2019, 05:04:58 AM

Quote from: DaveWave on October 29, 2019, 09:10:31 AM

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated? Roll Eyes

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

i think lastest movement was not manipulation,it just good response from investors after good news released from china.technicall $7k was strong support where is many buy order waiting in this price, moreover china's news be good trigger to make bitcoin price recovered from $7k to $10k.if in near future china release another news i am sure it could drive btc price again.

Wind_FURY

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Quote from: DaveWave on October 29, 2019, 09:10:31 AM

I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

The rise from $7,400 going to $10,000 in two days because "good news" was not manipulated? Roll Eyes

Plus watch out for the Bart Pattern completing. High possibility that "the rise" was made using borrowed money/margin/leverage.

watergold

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Quote from: el kaka22 on October 30, 2019, 03:45:11 AM

Quote from: InvoKing on October 29, 2019, 09:24:32 AM

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...
This volatility is a nice characteristic of Bitcoin vs other cryptocurrencies or FIAT and it will remain

However, in the end when price reached around $9k (a bit bigger) they realized that is a fine level, they are not asking for $20k right now, they are not asking for even $15k, around $10k is enough for everyone, nothing more but nothing less. It is a comfortable price where we enjoy the price and start using it how it should have been, for spending and earning or basically sending and receiving.

In fact, many predict that the price of bitcoin will reach $ 20k at the end of December, even though it is currently stable at $ 9.2k in a few days and this can only grow again, with market conditions like this many investors are buying bitcoin that time has been on specify for example halving will soon happen well from now they already hold bitcoin to reach a price of $ 20k

el kaka22

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Quote from: InvoKing on October 29, 2019, 09:24:32 AM

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...
This volatility is a nice characteristic of Bitcoin vs other cryptocurrencies or FIAT and it will remain

But, I do see in different way that the drop was manipulated and the rise was organic. I mean look at the price right now, people are happy with it, they like the $10k price, when it was around $7k or even at $8k people were uncomfortable, they didn't like it, they were thinking about getting out because it could go down even further before going up, basically 7-8 levels made them uncomfortable in general.

However, in the end when price reached around $9k (a bit bigger) they realized that is a fine level, they are not asking for $20k right now, they are not asking for even $15k, around $10k is enough for everyone, nothing more but nothing less. It is a comfortable price where we enjoy the price and start using it how it should have been, for spending and earning or basically sending and receiving.

BitHodler

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Quote from: InvoKing on October 29, 2019, 09:24:32 AM

Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...

That makes little sense.... nowadays you can profit from both up and down movements on derivatives platforms, so if there is an incentive to manipulate the price up, there similarly is an incentive to manipulate the price down.

I find it interesting to see how little people know about this market and its short/long squeezes that cause these significant price movements most of the times.... manipulation is only something people call when they lose.

Did you see people refer to the 2017 bull run as manipulation? Or this year's bull run? Manipulation calls were made when the price was on its way down.... people never change.

InvoKing

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Whenever the price rise then it should be considered as manipulation and whenever the price is down then it is the end...
This volatility is a nice characteristic of Bitcoin vs other cryptocurrencies or FIAT and it will remain

DaveWave

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I don't think the latest bitcoin rise is manipulated. The Chinese leader was a big part of the rise because he is influential. Chinese institutions and rich people bought bitcoin after hearing the importance of blockchain in the future. Other foreign institutions and whales followed the ride for quick gains reason why there is a present dip. There is no manipulation here, this is normal happenings just like how Trump and other influential personalities statements affects certain commodities and currencies.

arwin100

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I don't think it was manipulated since the current market condition became stable and that's not the manipulation effect since if we mean manipulation we can surely see a huge dump and volatile movements on following day. And one of the reason why see those uplifting pump is due to the Chinese Government announcement that they will support the blockchain which add + for people who speculating that there will be a bull run by the end of this year and continuously happen by next year since halving is coming.

AliMan

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Quote from: Dart18 on October 29, 2019, 06:49:50 AM

It is possible.
They say the reason behind it is from the statement of Chinese President Xi Jinping about the blockchain technology which is a positive one.
But there is really no proof for it.
It could be another manipulation and if they are trying to time it then it was perfectly done after the statement.
We will see in the next few days, if bitcoin suddenly be dumped again then it could really be a manipulation.

If that's a manipulation, it won't stay longer so the price might fluctuate again for another weeks which could cause price dips. I would love to hear or watch any video streams recorded from China's President who made the statement, if any source of it, hopefully someone could share that here now. For a purpose of fact checking, that could help provide some proof.

Dart18

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It is possible.
They say the reason behind it is from the statement of Chinese President Xi Jinping about the blockchain technology which is a positive one.
But there is really no proof for it.
It could be another manipulation and if they are trying to time it then it was perfectly done after the statement.
We will see in the next few days, if bitcoin suddenly be dumped again then it could really be a manipulation.

Wind_FURY

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Quote from: btc_angela on October 28, 2019, 06:27:15 AM

Quote from: NeuroticFish on October 28, 2019, 03:58:17 AM

I think that the downtrend was fake/manipulation. And with the unexpected help from China the upward pressure couldn't be stopped any longer.

And manipulators already started the last great we have as well, April to be exact and ended in June. So maybe they are just waiting for the perfect timing to pump the price.

Quote from: NeuroticFish on October 28, 2019, 03:58:17 AM

Bitcoin is limited supply and the halving is near. Don't forget that.

Seven months to go and counting, still have a lot of time to accumulate.

But everyone is already expecting a surge after the halving. There might be a probability that it might already be priced in?

Prepare for it, but don't expect anything.

Botnake

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Quote from: ahoenk on October 28, 2019, 05:36:21 AM

Quote from: NeuroticFish on October 28, 2019, 03:58:17 AM

I think that the downtrend was fake/manipulation. And with the unexpected help from China the upward pressure couldn't be stopped any longer.
Bitcoin is limited supply and the halving is near. Don't forget that.

there will be crash manipulation when it is halving.

Everyone who has the power to manipulate can crash the market, but would do this when the hype is on?

I think the remaining of the year is not anymore viewed as downtrend as bitcoin is a bit stable right now and we might again soon step in $10K again.
People will be more happy when the manipulated resulted to uptrend and this will help to make bitcoin more stable as investors might again interest to invest at the current price now, which will only make the support stronger.

Oasisman

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Quote from: NeuroticFish on October 28, 2019, 03:58:17 AM

I think that the downtrend was fake/manipulation. And with the unexpected help from China the upward pressure couldn't be stopped any longer.
Bitcoin is limited supply and the halving is near. Don't forget that.

The downtrend was caused by the skeptical people who doubt the capability of bitcoin to bounce back to a good figure like $10,000 anytime soon.
While on the other hand, I am still doubtful about China as the "main" reason for this pump. Though the statement of the Chinese leader showing interest in blockchain technology may somehow relates to cryptocurrency, but It wasn't the reason alone.

I'm still looking for the bigger picture towards the recent pump.

NewRanger

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Quote from: ahoenk on October 28, 2019, 05:36:21 AM

Quote from: NeuroticFish on October 28, 2019, 03:58:17 AM

I think that the downtrend was fake/manipulation. And with the unexpected help from China the upward pressure couldn't be stopped any longer.
Bitcoin is limited supply and the halving is near. Don't forget that.

there will be crash manipulation when it is halving.

manipulation in my opinion uncorrect word to describe price movement .investors have a tagline 'buy on rumor sell the fact ' and vice versa.so if we see suddenly bitcoin price drop or rise extremely in near time csuse they applied this concept.we have to learn and understand how it work in market.many traders get profits when use this strategy.manipulation just whales way to make beginner confuse about volatility in market.

Apes

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Naturally, if anyone suspects that prices have been manipulated lately, suddenly prices soaring 3K is not normal, after several weeks of downtrend. Prices are pumping because bitcoin has already touched the lower threshold, and investors are motivated by high demand to buy into it, and prices immediately soar. Sometimes bitcoin requires a trigger to pump or drop prices like this time.

adaseb

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Right now I am getting a little bit bearish from yesterday primarily due to the futures premium. In general whenever there is a discount or premium on the futures, it usually means that the herd might get wiped out before a real move.

Right before this 40% pump there was actually a negative funding on the bitmex futures. And right now for the past day or so there is positive funding and the futures premium is growing, normal when this happens means there are too many retail traders which are buying this move, going long, usually on high leverage and there are massive crashes.

So if we don't break the $10K by the end of the day, I might look for a short term short because the ~8000 area might get revisited, especially the $8800 support.

senne

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There wasn't any influential news that could pump BTC by 3k. People are giving China the credit but that news wasn't even directly linked to Bitcoin. Pump was more of manipulated one. After the fall of almost $1k, there was an air of bearish reversal among the community. The shorts were on record high as people were expecting more bloodbath as the crucial support was broken. That gave manipulators enough incentive to eat out all the shorts by pumping the market. That's what has actually happened.

BitHodler

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Quote from: ahoenk on October 28, 2019, 05:36:21 AM

there will be crash manipulation when it is halving.

If we have to believe most people here, every single down move is manipulation, but when we pump back up hard people who call manipulation suddenly disappear, which just shows how pathetic they are.

No one has actually provided evidence of manipulation other than just flat out saying it.... words are not enough, not even when certain market movements reek of manipulation.

Back in 2018 CME's futures were blamed for manipulation, and now no one is talking about it anymore because we have a new peak and a new bottom, but the only thing missing is an entity to blame for it.

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