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Topic: Bitcoin's Latest Rise Was Manipulated? - page 4. (Read 1612 times)

legendary
Activity: 3080
Merit: 1353
October 27, 2019, 06:06:00 PM
#30
"Buy the rumor, sell the news", simply as that. When when the so called statement of the Chinese leader are out, crypto media outlets pick them up, and then perhaps some big whales capitalized on that news to pump the market and then people started to join and FOMO. That's how the market's been operating, the problem is that people here are irrational, as long as they can join the hype train early in anticipation of a sudden price moving upward, they will do it. For me it's not bad though, and as I have said, if you have been in the game for so long, this looks like manipulation and as long as you make some decent money because of this FOMO, then it's good for us, IMHO.
legendary
Activity: 3360
Merit: 1203
October 27, 2019, 05:56:48 PM
#29
Well we always call the price of Bitcoin being manipulated but be glad we had the chance to buy again under 8k$ even for a shorter time. Maybe it was manipulated , I honestly don't mind as long as its continue to climbing that mountain to new ATH which may come next year after halv occur.

When Bitcoin goes up speculators call manipulation , when it goes down they call manipulation also , can we just appreciate the fact that we still have time to accumulate in order to be prepared it it goes higher or simply have the cash prepared in order if it goes lower ?  Roll Eyes
sr. member
Activity: 2044
Merit: 314
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October 27, 2019, 05:43:15 PM
#28
I don't believe that it is a manipulation because this is such a huge increase.
And how many people or how much money would it take to make this jump ,
And what could be the reason for them to make it rise  up?
More good news around the world specially in China so I think this is really not manipulated buy a good hype from China. The latest pump is healthy and good for the market and with bitcoin, though whales can really move the price like this but i’m confident that this is a real pump.
legendary
Activity: 2478
Merit: 1360
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October 27, 2019, 04:18:47 PM
#27
Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!
Say it again please. Where is it declining heavily?

It looks like it doesn't want to go above 10k but it's not declining. If anybody thinks that the move up was manipulated I say that the last move down was. Please explain why do you think that Bitcoin should be trading for 7k right now or lower? I see 9-12k as a very nice stable channel on which it could remain until the halving pump. Do you really believe it's not worth even 50% of its ATH?
sr. member
Activity: 2436
Merit: 343
October 27, 2019, 03:59:17 PM
#26
Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!
Maybe it was China's pronouncement towards the crypto that could contribute something but not literally it creates a huge hype causing Bitcoin and even altcoins to go up. Well, it has to say thank you for China. I'd never think it was another game for China to back again and give crypto's support but probably the realization comes into the leader's mind where they are able to see the importance of it.
sr. member
Activity: 1932
Merit: 442
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October 27, 2019, 03:31:33 PM
#25
Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!
Well, I will disagree with your word that bitcoin would be nice if a stable coin. Being volatility of Bitcoin and it's natural to fluctuate there are massive adoptions just because of the pump and dump. When pumped, cut your profit but when a pump, just hold or reinvest more. Indeed, we do really don't know what is the accurate news regarding that, probably all are a coincidence but the fact someone playing on the market price.
full member
Activity: 418
Merit: 103
October 27, 2019, 03:16:51 PM
#24
Yes! It was manipulated and it already proved! Within a very short time, the price increased significantly and again it started to decline heavily! Maybe some whales were playing the game after the China president's crypto endorsement! I really want to see Bitcoin at a stable price, not a bubble-like these!
sr. member
Activity: 672
Merit: 253
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October 27, 2019, 01:08:56 PM
#23
there is a possibility that the recent increase in the price of bitcoin can be manipulated by the pope to market prices, because no one would think at all if bitcoin was able to increase in a short time and after that again experienced a significant decline. if it were not for whale manipulation, there might be other factors as you say so that the market price increase in a short period of time could pass.
sr. member
Activity: 994
Merit: 257
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October 27, 2019, 11:39:12 AM
#22
I don't believe that it is a manipulation because this is such a huge increase.
And how many people or how much money would it take to make this jump ,
And what could be the reason for them to make it rise  up?
legendary
Activity: 3710
Merit: 1170
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October 27, 2019, 11:34:15 AM
#21
I think bitcoin's latest fall was manipulated. Price is already high right now and we all know $9k+ is a good price for bitcoin, it makes sense that around $10k could be the level where bitcoin stays, there has been a lot of times when bitcoin was around 10k (a bit lower a bit higher) that really stuck and people didn't matter. Like nobody was sad it is at 10k, nobody asked for it to go down, nobody asked for it to go up, nobody said it is too low, nobody said it is too high. Everyone basically accepts 10k, we all think it is a price that is perfect.

People are not out there saying it should be 3k instead of 10k, nobody says it should be 20k instead of 10k, if it goes to 3k people all buy because it is cheap, if it is 20k they all sell because it is expensive, but when it is 10k it makes sense.
sr. member
Activity: 1218
Merit: 251
October 27, 2019, 04:45:46 AM
#20
I do not have any idea if the price of bitcoin really manipulated by someone. Maybe some of the member here say that it was manipulated because as you can in a short period of time the price really goes up and it spike up to 10,000$. But for me, the president of china is also the reason why the price become high and just a couple of hour the price remain at the price of 9000$+.

Has it become a lot of reasons just because his speech that talked about the bitcoin blockchain has increased in a short amount of time? well after the trend has passed and the price of bitcoin is now $ 9,200 whether bitcoin will increase again or go down? I think this is still a question mark and experts haven't given a prediction at this time.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
October 27, 2019, 04:22:45 AM
#19
I do not have any idea if the price of bitcoin really manipulated by someone. Maybe some of the member here say that it was manipulated because as you can in a short period of time the price really goes up and it spike up to 10,000$. But for me, the president of china is also the reason why the price become high and just a couple of hour the price remain at the price of 9000$+.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
October 27, 2019, 03:56:08 AM
#18
I would not conclude that the result was a manipulation until further notice, because this rise came exactly when the president of china made a very positive statements regards his intention to actually slow down on their ban on cryptocurrency and probably Blockchain projects, and I think this must have built the confidence of people back, and especially that of china to start putting money into the market again, which I think this was the reason why the value of bitcoin spiked within the hour of the news, but other than that I don't see the reason why bitcoin actually went that high and I think that either this news or the whales could have manipulated this, but I do hope that the value will actually stay at this now, so that we can break more resistance.
hero member
Activity: 1638
Merit: 518
October 26, 2019, 04:04:51 PM
#17


there are also who are looking at the possibility that this movement is actually just manipulated.

Right now, Bitcoin is back at $9100 per CMC and seems to me like is taking some rest for a probable another big dip. Do you believe that this is just a manipulation and because of that it could not hold on to the $9000 price?

its must be a crazy people with level 99 of crazyniest to make manipulation like that.
u know why ? because he/she/they put a money around $42 billions to the market.
and of course , its not manipulation scheme, its totaly pure by market demand from some positive sentiments.
and probably u ask why price going drop now ?
of course, someone overthere have been waiting for times like this to sell their asset.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
October 26, 2019, 09:55:56 AM
#16
I don't think that's right, the price of bitcoin today could have increased because I have good news from the founder and developer of Twitter who said to buy bitcoin so many people bought bitcoin including Twitter founders so that it could have a good impact on the price of bitcoin.
legendary
Activity: 2912
Merit: 1068
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October 26, 2019, 09:47:49 AM
#15
Seems that some people are never satisfied. No matter if the sudden dump or pump is in question they always think there must be some kind of manipulation involved.
But I would really like to know then who are what is manipulating Bitcoin and how is this done, why in certain moment? And of course I would like an explanation how does manipulation fits into independent and decentralized Bitcoin?
sr. member
Activity: 1092
Merit: 250
October 26, 2019, 09:06:55 AM
#14
With the rise in price of bitcoin there is indeed a lot of controversy because with this significant increase makes people ask questions,? is this a true whale that manipulates the price of bitcoin? but it cannot be ascertained that the experts cannot prove it, which is clear to me no matter this is manipulation or because of the statement of Xi Jingpin or others, what is clear is that this significant increase is profitable for me.
hero member
Activity: 2156
Merit: 711
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October 26, 2019, 08:35:45 AM
#13
Probably. People who shorted bitcoin lost & people who went long lost as well. You need to go opposite of the market to make money. Though everyone said the recent move was because of the Chinese president's speech but I don't think so. I think it was a bull trap for the final exit. The market is too weak it can't handle buy pressure over $100M. Someone with a few hundred million can easily move the market with their needs. History says the fast bitcoin price move up it falls more than that speed. As you see we went up over 3000 USD in 24 hours & down 1000 USD in a few hours. Bitcoin is something that can change the finance area so I would let these people manipulate the market & I would hold my bitcoin.
sr. member
Activity: 2506
Merit: 368
October 26, 2019, 08:30:55 AM
#12
So you think this is just a bear trap?

But who would want to sell at the bottom when the price is leading to losses?
Although I don't really know what occurs in this sudden bull run but I assume that China's embracing again in the blockchain technology makes a sudden burst of the price.
sr. member
Activity: 1554
Merit: 334
October 26, 2019, 08:25:11 AM
#11
I personally think the price of bitcoin is most of the time manipulated rather than pure crowd's demand surge. These whales are manipulating the market to their advantage, and we may see the waves come back at us and these whales starts dumping while people would still think it's just temporary dips. I can't see strong correlation with China's recent statement since it is only for blockchain and they're still against Bitcoin usage.
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