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Topic: Bitcoin's Latest Rise Was Manipulated? (Read 1612 times)

legendary
Activity: 2534
Merit: 1338
November 07, 2019, 10:26:52 AM
#90
Common, nobody cares anymore. The price went up, it's been a week, the price now is where it is. I think it's best to move on and catch the next wave of manipulation rather than worrying about the past. Funny how nobody complains when the manipulation is pumping the price, but that's another story.
It seems you are forgetting that traders not only can go long but they can go short, and I can assure you those that were shorting the market care very much about why this happened and even worse if any of those that were shorting the market were using leverage you can bet they got a margin call and were forced to sell their coins, also the jump that we saw is probably one of the biggest we have seen in the recent history of bitcoin and even if we never find out why it happened we will always wonder about it.
STT
legendary
Activity: 4102
Merit: 1454
November 04, 2019, 06:55:07 PM
#89
All the people who were short still care, unless you are saying they were the cause Shocked   It still matters why the price moves like it does because especially on speculation it has some effect on where people will make money.  If the market price were completely fake, it would probably result in the whole of Bitcoin failing eventually.   So far as I can see its not that different to other markets with normal reactions to news but also supply, demand and recent sentiment after a rise or fall.
   The obvious thing I can say here is most people are that experienced in free market flow, if we were genius at this kind of trading it would result in some very fine profits.  Its maybe a 1% thing where the vast majority of participants are most of the time observing changes not ahead of the change and making profit from it, its definitely not easy and imo investment is more likely to give an advantage over time then the very jumpy speculative game of trading.   
hero member
Activity: 3010
Merit: 666
November 04, 2019, 05:46:08 PM
#88
Common, nobody cares anymore.
I still care so you can't say nobody,  Grin

The price went up, it's been a week, the price now is where it is. I think it's best to move on and catch the next wave of manipulation rather than worrying about the past. Funny how nobody complains when the manipulation is pumping the price, but that's another story.
I already get used to what I am seeing, market manipulation has been happening, and I even think that in very great and tough situations of the market, its all manipulated, even the last bull run was driven by the manipulation before it gained FOMO from the people.
legendary
Activity: 1722
Merit: 2213
November 04, 2019, 05:31:57 PM
#87
Common, nobody cares anymore. The price went up, it's been a week, the price now is where it is. I think it's best to move on and catch the next wave of manipulation rather than worrying about the past. Funny how nobody complains when the manipulation is pumping the price, but that's another story.
hero member
Activity: 2590
Merit: 644
November 04, 2019, 11:53:15 AM
#86
I believed that there are manipulators who have manipulated the market last sudden raise up of bitcoin price.
Others said that it is because of the president of China announced in blockchain adaption but I think that was a coincidence but the fact is those big whales trying to manipulate the market price. Nevertheless, we can't give an accurate answer to this since no one knows what is really happen. It's unpredictable.
legendary
Activity: 1974
Merit: 2124
November 04, 2019, 09:36:09 AM
#85
See the main thing is that no one knows the exact reason for sudden rise of bitcoin prices and now they stands at $9200.This pumps coule be due to manipulations by the whales but prices have not dropped to lower level say $7-$8k after the rise which is general policy of dump situation.We will see another correction shortly before the huge surge next year and we can see prices to $20k by last of 2020.
legendary
Activity: 3528
Merit: 7005
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November 04, 2019, 08:41:44 AM
#84
If the rise was manipulated, what would be the reason why bitcoin hasn't dropped back down?  You would think that once the so-called manipulators did their job and boosted the price of bitcoin, this would lead a lot of holders to sell at a profit and thereby driving the price back down.  That didn't happen, and it's not the first time bitcoin has made a pretty dramatic price movement.

So no, I don't think there was any intentional manipulation responsible for this last rise.  Even if I did think that was the case, there's no evidence, let alone proof of this.  There usually never is, because nobody ever knows who's buying or selling and why.  Saying the price of bitcoin is being manipulated smacks of conspiracy theory, and I generally don't subscribe to those.  What we saw was just typical market forces causing bitcoin to be volatile, which it has been since day one.
sr. member
Activity: 910
Merit: 254
November 04, 2019, 08:04:49 AM
#83


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?
Nothing can be said about the sudden rise in prices of bitcoin after a long time as it could be price manipulation by the whales just to create another pump dump situations to make profits or it could possibly due to china involvement in btc and crypto market.We might see another correction soon and after that prices can be surged to higher level till then we have to monitor the market growth.
sr. member
Activity: 938
Merit: 250
November 04, 2019, 03:56:16 AM
#82


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?

actually I also don't know exactly what caused the price of bitcoin to suddenly pump. but in my opinion, the Chinese president's statement about supporting the blockchain yesterday did have an impact on the price of bitcoin. because we know that most investors and bitcoin miners come from China. so when China releases news about bitcoin or blockchain it will have an impact on the price of bitcoin. but also yesterday's rise was caused by whales manipulating the bitcoin market.
legendary
Activity: 2534
Merit: 1338
November 03, 2019, 11:58:20 AM
#81
I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.
That's to be the most speculation of the people around but quite to see the market still stand to it and not going to dump either way. It is to see that there is no strong resistance uplift the market, thus, not really to think that the market will move high this year but rather to see the market will remain as what it has today. Well, we can't get into the conclusion since halving will happen early next year and maybe it could help to drag the market going up.
Yes, today's speculations of people raising the price of bitcoin are based on Bitcoin Halving. And that's definitely going to happen especially now that people are preparing to buy a lot of bitcoin.
When we are talking about this market it is very dangerous to talk about absolutes, it is true that the majority of the forum is expecting that the price will go up when the next halving happens, but we know that the whales dominate this market and if they decide that it is better for them to try to crash the market first so they can get more coins after people begin to sell them because they are disappointed by the movements of bitcoin then that is what they will do.
hero member
Activity: 2562
Merit: 586
November 01, 2019, 10:39:14 AM
#80
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.
We just need to hope for more fundamental factors like that to always occur for people to build more confidence in cryptocurrency, and I think that another factor that will make a very big increase for bitcoin is when china announces the date for the release of its coin, this will also tend to boost bitcoin price as many people would assume there is going to be a link between the too.

Without china news still, I think that before the year actual comes to a close, we will definitely have the value of bitcoin increase to almost $15k and if not above that. The market is fully recovering, which I think the next target within the next full weeks is $10k, although bitcoin may have found it to break further barrier at the point it reaches $9700, but the next move will break that line.
sr. member
Activity: 2604
Merit: 338
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November 01, 2019, 09:32:01 AM
#79
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.
Whenever there is a pump almost everyone would tell that it is a price manipulation and they try to find any possible reason why the market suddenly grow in just a short time. China's president appreciation of the blockchain technology may give some investors to get back or accumulate more or maybe it's just a coincidence that some whales are trying to manipulate the market.
legendary
Activity: 1596
Merit: 1034
November 01, 2019, 09:02:58 AM
#78
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.
i was pretty pessimist when the price close to hit the dip as low as $6000 even lower to $5000 few weeks ago. thinking that both the rise and fall was never organic but always in the manipulator hands ... once again -it was-

now have got the profit in my pocket after the sudden rise really changing my mind lol , yes psychological factors have a big impact. the rise is organic because of several events making people in FOMO. the down is not because that is the way traders work on making money. 
however i do exchanged the coins out to cash now and i think some other investors or traders doing the same like me , that is causing the market slightly down too in correction, for how long? i think until this mid-month swing will occured between $8500 to $9500, i still waiting for the right time to set the buy order again .
hero member
Activity: 2982
Merit: 610
November 01, 2019, 07:28:57 AM
#77
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.
What liquidity you are still looking?
BTC has the highest trading volume in the market with over $25 billion as of this writing per https://coinmarketcap.com/, I think the volume is decent enough to consider that it has a great liquidity, and these volume are the total volume in different exchanges and big portion are coming from big exchanges.
sr. member
Activity: 896
Merit: 268
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November 01, 2019, 07:01:16 AM
#76
The market is always "manipulated" long and short. Usually with longs and shorts. The idea that the price can easily be moved 20% in a day with a single pump or dump, two days in a row even, should make it obvious to anyone by now. This isn't the first time and it won't be the last.

Quote from: Coinounce
Bitcoin futures exchange Bakkt also reported the highest daily volume today. Bakkt saw a trading volume of 1131 BTC. The sudden pump could be a clear sign of market manipulation as bitcoin surged through all technical resistance in no time at all.

Other says that it was Chinas responsibility. Not by manipulating though it was some kind of stuff that is related to their opening of crypto don't the exact situation and it was just a mere coincidence by Whales. If it ain't true, then what's sure for now is that we might as well experience a pumps sooner with these situation rising up side by side.
sr. member
Activity: 1372
Merit: 261
October 31, 2019, 07:08:07 AM
#75
I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.
That's to be the most speculation of the people around but quite to see the market still stand to it and not going to dump either way. It is to see that there is no strong resistance uplift the market, thus, not really to think that the market will move high this year but rather to see the market will remain as what it has today. Well, we can't get into the conclusion since halving will happen early next year and maybe it could help to drag the market going up.
Yes, today's speculations of people raising the price of bitcoin are based on Bitcoin Halving. And that's definitely going to happen especially now that people are preparing to buy a lot of bitcoin.
sr. member
Activity: 2436
Merit: 343
October 31, 2019, 05:30:11 AM
#74
I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.
That's to be the most speculation of the people around but quite to see the market still stand to it and not going to dump either way. It is to see that there is no strong resistance uplift the market, thus, not really to think that the market will move high this year but rather to see the market will remain as what it has today. Well, we can't get into the conclusion since halving will happen early next year and maybe it could help to drag the market going up.
hero member
Activity: 1386
Merit: 504
October 31, 2019, 03:25:45 AM
#73
I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.
sr. member
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October 31, 2019, 02:52:42 AM
#72
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.
crypto currency community not only from china,we still have korean with their fanatic community ,japan , and many others .they were support each other, and   each countries has different role in market.and if bitcoin or altcoin not manipulated, cryptocurrency market has no attractiveness. Investor thinking they could not get money from flat market.for them ,more volatile its be more interested for them.
legendary
Activity: 2534
Merit: 1338
October 30, 2019, 08:41:01 AM
#71


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?
It is impossible to know exactly why something happens in the market but we can see how the market progresses during the next weeks and make conclusions from that, if this is a new bull market as many speculate then it should be clear we are in one after such time, but if this was a manipulation of the markets made by the whales then we will actually see it as well in the price, I am still on the fence on this one but currently I subscribe to the theory this whole thing was the result of manipulation.
sr. member
Activity: 2366
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October 30, 2019, 08:18:49 AM
#70
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.
legendary
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October 30, 2019, 08:17:59 AM
#69
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.
sr. member
Activity: 1050
Merit: 250
October 30, 2019, 05:48:54 AM
#68
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.
legendary
Activity: 2898
Merit: 1823
October 30, 2019, 05:04:58 AM
#67
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.

sr. member
Activity: 1218
Merit: 251
October 30, 2019, 04:14:12 AM
#66
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
legendary
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October 30, 2019, 03:45:11 AM
#65
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.
legendary
Activity: 1526
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October 30, 2019, 03:27:59 AM
#64
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.
legendary
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October 29, 2019, 09:24:32 AM
#63
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
sr. member
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October 29, 2019, 09:10:31 AM
#62
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.
hero member
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October 29, 2019, 07:58:05 AM
#61
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.
hero member
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October 29, 2019, 07:52:37 AM
#60
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.
sr. member
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October 29, 2019, 06:49:50 AM
#59
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.
legendary
Activity: 2898
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October 29, 2019, 04:32:58 AM
#58
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.

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.
hero member
Activity: 2856
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October 29, 2019, 04:17:40 AM
#57
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.
hero member
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October 29, 2019, 03:22:02 AM
#56
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.
sr. member
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October 29, 2019, 02:36:12 AM
#55
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.
sr. member
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October 28, 2019, 11:33:22 AM
#54
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.
legendary
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October 28, 2019, 10:44:43 AM
#53
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.
hero member
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October 28, 2019, 09:35:54 AM
#52
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.
legendary
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October 28, 2019, 09:29:55 AM
#51
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.
sr. member
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October 28, 2019, 08:31:51 AM
#50
So far, no one has cited any real facts of market manipulation recently, when bitcoin in two days grew in price by two thousand dollars. I also do not even see real positive news that could lead to this. The news from China is not so serious as to have such consequences in the cryptocurrency market. Although, let everyone remain in their own opinion. Someone likes to consider this increase in the price of bitcoin as manipulation, someone believes that this is simply a return of the price to the usual value for bitcoin.
It can be a coincidence that leads the BTC price pump this past few days same time china announces approval or interest in blockchain since price by that time is entering into new level going lower than $7k which can be also the time many wait to buy btc. However its been always a rumor about manipulation which is capable as long as we have tons of money to buy and sell btc.
I doubt it that  the sudden pump can coincide with the Chinese pronouncement, the movement of the price of bitcoin is always synonymous with any news around the globe both positive and negative news based on my own research, President Xi Jinping statement on blockchain technology made a big impact before it the price of BTC/USD was ranging between $7500 and $8500 the sudden surge was obvious aftermath of the pronouncement.
sr. member
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October 28, 2019, 08:20:12 AM
#49


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?

I am not quite sure, and I do not have any title nor in position to say this. But this is just a wild guess, so may be whales are those who are behind this sudden pumps. It may be their responsibility may be they don't want the market goes down to as have you said a boring situation. May be sooner because it is still October there are two months to count before we could close 2019, may be there will be a bull run who knows.
hero member
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October 28, 2019, 08:08:02 AM
#48
Seven months to go and counting, still have a lot of time to accumulate.
Bitcoin is still below $10k and that is my range to accumulate, and in fact I have already accumulated enough since bitcoin has been very bearish since last year. The rise was good even if its manipulated, no one cares because we all know from the very first place that anyone who have big control on the total supply can manipulate the market and that's his own game since he is entitled to do that.

At this point, all we do is just to continue to be optimistic that this rise will continue so we can finally break this long bear market by achieving an new ATH.
If the rise will continue til the end of the year, I am not expecting a new high this year but I will be very confident we will see it next year.
hero member
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October 28, 2019, 07:58:12 AM
#47


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?
The truth is that every peak and trough in BTC is properly scripted and a lot of people are involved in making such pumps and dumps happen. These happen generally opposite to the current market trend as people get into FOMO pretty easily. I think even the fall until 7000 was also manipulated and so was the rise all the way upto 10k. But the thing is generally these manipulation create momentum for further price appreciation. But for retail traders it's always better for them to stay out of the market while such things are happening.
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October 28, 2019, 07:50:47 AM
#46
So far, no one has cited any real facts of market manipulation recently, when bitcoin in two days grew in price by two thousand dollars. I also do not even see real positive news that could lead to this. The news from China is not so serious as to have such consequences in the cryptocurrency market. Although, let everyone remain in their own opinion. Someone likes to consider this increase in the price of bitcoin as manipulation, someone believes that this is simply a return of the price to the usual value for bitcoin.
It can be a coincidence that leads the BTC price pump this past few days same time china announces approval or interest in blockchain since price by that time is entering into new level going lower than $7k which can be also the time many wait to buy btc. However its been always a rumor about manipulation which is capable as long as we have tons of money to buy and sell btc.
sr. member
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October 28, 2019, 06:52:22 AM
#45
http://
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.
we were in dow trend almost in a year, much investors loss their money till felt give up and want to quit from market quickly.how could we said this is manipulation.in my opinion lastest news from china give new spirit for trader that loss alot .they think china could be the saviour in cryptocurrrency market with their power.halving be main issue for bitcoin price in near future.it hoped could make bitcoin price recovered again.
hero member
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October 28, 2019, 06:27:15 AM
#44
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.

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.
legendary
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October 28, 2019, 06:15:11 AM
#43
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.


Not all in my opinion, the whalecumulators start the catalyst of a crash, but it was also the product of the plebs' selling.


there will be crash manipulation when it is halving.


The opposite. Cool
hero member
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October 28, 2019, 05:36:21 AM
#42
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.
legendary
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October 28, 2019, 03:58:17 AM
#41
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.
TGD
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October 28, 2019, 03:47:16 AM
#40
If it was manipulation the price would of already started to head back towards the $7000 area and not just about to break the $10000 area in the last few hours.

There really aren't too many moments in bitcoin history with the dramatic rise from $7250 to $10600, hence it can't only be manipulation.

I think part of it was the Xi news, part was short covering and another part was people who had money on the side ended up buying back into BTC hoping to see it rise further past the $13800 price we got in June 2019.

Check the volume of BTC when the price start to dump then compared it to the volume that happened recently pump. Although no one can prove price manipulation due to all exchange is unregulated.

That xi Jinping news is not actually pointing out bitcoin because he clearly stated blockchain. I think whales manipulators just timing on that news to pump the price. The price movement is off the chart which is clearly a sign of manipulation.
legendary
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October 28, 2019, 02:40:19 AM
#39
If it was manipulation the price would of already started to head back towards the $7000 area and not just about to break the $10000 area in the last few hours.

indeed, the market stood the test of time---3 days later and it's still floating around in the $9000s. that's not what a stop run looks like! the most obvious explanation at this point isn't manipulation---it's that buyers are in control of the market again.
full member
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October 28, 2019, 01:37:50 AM
#38
So far, no one has cited any real facts of market manipulation recently, when bitcoin in two days grew in price by two thousand dollars. I also do not even see real positive news that could lead to this. The news from China is not so serious as to have such consequences in the cryptocurrency market. Although, let everyone remain in their own opinion. Someone likes to consider this increase in the price of bitcoin as manipulation, someone believes that this is simply a return of the price to the usual value for bitcoin.
legendary
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October 28, 2019, 12:50:37 AM
#37
If it was manipulation the price would of already started to head back towards the $7000 area and not just about to break the $10000 area in the last few hours.

There really aren't too many moments in bitcoin history with the dramatic rise from $7250 to $10600, hence it can't only be manipulation.

I think part of it was the Xi news, part was short covering and another part was people who had money on the side ended up buying back into BTC hoping to see it rise further past the $13800 price we got in June 2019.
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October 27, 2019, 07:59:40 PM
#36
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.

No mass adoption will happened if the price will be as volatile as what happening. The SEC will never approved any ETF for a volatile price because its too risky for investor. Bitcoin doesn't need to be stable but it needs to be free from manipulation. It's either have a thick price walls or remove all unregulated exchange so that no one can manipulate the price easily.
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October 27, 2019, 07:54:14 PM
#35
If you call whales who have the power to turn the tides into their favors manipulators, then it could be true. I doubt that it's completely manipulated. In stocks, it's common to have big players to accumulate in a low price, let's say that was around $7000 range of BTC after they are done the gathering, then comes the price up to $10000 then sell for a considerable profit. Imagine, it's easy for them to do that because they have large sums of capacity and power to do that.

We cannot do anything even if there's evidence around it, all we could do is be with that trend or make the right call, and it's going to be alright.
STT
legendary
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October 27, 2019, 07:48:40 PM
#34
Mouse That sounds very negative against the big rise on the chart, I'm interested in why you think it might be a bull trap.    I'm trying to decide myself if this qualifies as an end to the downtrend or is just noise before we correct back below the ongoing trend of the last few months  (which is negative).




Here is my rough view of previous trend and Fibonnaci of the all time high.     I doubt I will be able to decide today, I'll be watching the 8 day blue line for this week and for us to stay above it and also I want the 50 day average at 8885 to be positive and price to be staying above it confidently.   Surely we must be testing that confidence probably the next thing this market will resolve to do.

To answer OP no it was fair enough that we rose from the lows, on the chart to hold this line would be a flag to some canny traders I guess; the amount of the rise is surprising in such short time.   We could say its somewhat artificial because it was instigated by the speech of a political leader, actual actions and fundamentals to justify such a change will take months to years.    It cant be said to be fake or manipulated especially unless you want to believe the red party took a BTC position prior to the speech.

Quote
bitcoin surged through all technical resistance in no time at all.

That can happen, volume is relevant to that judgement.   Any resistance or support is just a maybe, higher probability but we never have certainties.
legendary
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October 27, 2019, 07:13:19 PM
#33
The news of China is one reason why Bitcoin pumped instantly (around 40+% in just a few hours). Aside from it, there is a bit of manipulation coming from various institutions and rich people. They just wait for the perfect opportunity to buy and sell it.

Bitcoin reached the $10,000 mark and after that, it dumped at around $9k - $9.1k. Just another bull trap is confirmed but now it is moving sideways at around 9k-10k. Lets see how it moves within the next days Cheesy.
sr. member
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October 27, 2019, 06:22:52 PM
#32


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?

I don't think so, because the fundamental effects from the good news to the price is often happened. Currently bitcoin has breaked it's resistance and stand still on $9500 which is new support. A little drop after it reached 10K USD is a usual thing happened in crypto because people are selling after they get a decent profits. But i think the price is currently stable and just wait for another bull run
hero member
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October 27, 2019, 06:11:57 PM
#31
Well given the fact that it is well manipulated and orchestrated by some bad actors from behind, did traders took advantage of that situation? I mean this is very important as we all know that manipulators are just waiting for the perfect timing and two days ago they found some positive news and spin the market again on their favour. So I do hope that speculators/traders took this opportunity to their advantage as well to make good money shorting bitcoin.
legendary
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October 27, 2019, 06:06:00 PM
#30
"Buy the rumor, sell the news", simply as that. When when the so called statement of the Chinese leader are out, crypto media outlets pick them up, and then perhaps some big whales capitalized on that news to pump the market and then people started to join and FOMO. That's how the market's been operating, the problem is that people here are irrational, as long as they can join the hype train early in anticipation of a sudden price moving upward, they will do it. For me it's not bad though, and as I have said, if you have been in the game for so long, this looks like manipulation and as long as you make some decent money because of this FOMO, then it's good for us, IMHO.
legendary
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October 27, 2019, 05:56:48 PM
#29
Well we always call the price of Bitcoin being manipulated but be glad we had the chance to buy again under 8k$ 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
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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
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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
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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.
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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.
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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
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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.
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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
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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
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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.
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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
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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
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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.
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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
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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
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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.
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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.
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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.
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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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October 26, 2019, 07:59:07 AM
#10


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?
Manipulated or not, no one can point it out because price is always been unpredictable where it can pump and dump in a matter of seconds,minutes,hours and a day.
We have seen too much increase for a matter of 24 hours on btc price which it do whoops for 37% on  a matter of a day.Neither which angle you would look
at then it would really looks like its being manipulated but who cares? As an investor if you do know on when to get profit or get out then thats the important thing.
hero member
Activity: 1036
Merit: 514
October 26, 2019, 07:42:33 AM
#9
The market is always "manipulated" long and short. Usually with longs and shorts. The idea that the price can easily be moved 20% in a day with a single pump or dump, two days in a row even, should make it obvious to anyone by now. This isn't the first time and it won't be the last.

Quote from: Coinounce
Bitcoin futures exchange Bakkt also reported the highest daily volume today. Bakkt saw a trading volume of 1131 BTC. The sudden pump could be a clear sign of market manipulation as bitcoin surged through all technical resistance in no time at all.

Indeed, but to have such huge tide in a short time really intrigue our curiosity, what happens? who did it? who brought millions of dollars to the market?
Manipulation like this will end with another massive dump, "they" will wait until the price reaches a certain point to dump it like happened in last month when bitcoin tumbled $1000 in a few hours.
Look at this; https://twitter.com/whale_alert/status/1188023888346783747
https://twitter.com/whale_alert/status/1188006277936570371
Since whales keep moving their funds in and out, we can't be so sure when they will make another "action".
sr. member
Activity: 1400
Merit: 347
October 26, 2019, 07:32:54 AM
#8
Who sold at the bottom?  Grin
hero member
Activity: 2856
Merit: 667
October 26, 2019, 07:07:46 AM
#7
Manipulation is not new in crypto world, if you know how to play the game, you'll be able to benefit from this manipulation.
There is a big rise, it was the biggest rise in just one day since 2011 and I am optimistic this will help a lot for bitcoin to end this year with a great price.
It has a momentum now, I am not anymore expecting a dump and I also like what I am seeing on the altcoins market.

Lets bring that FOMO again.  Grin
sr. member
Activity: 1120
Merit: 255
October 26, 2019, 06:22:21 AM
#6
In my opinion BTC is manipulation. If you and some of your friends have about 300,000 BTC between each other, and can move the market by selling off 50,000 BTC which means you can then buy more BTC for cheap wouldn't you? your answer is obvious, because it's basically free money.

I personally believe a lot of the parabolic movement in the Bitcoin is initiated by whales (especially alts), If you bought BTC a long time ago and if you hold about 100,000-500,000 BTC you can very easily cause the market to panic by selling off chunks of your BTC. Panic causes prices to dump further (like two days ago) , then you buy your BTC back plus more BTC for what you sold it as. hence, follow the whales game. i would to add a additional point that you should also consider the china news about blockchain. it was the best news for Bitcoin and Crypto ecosystem.
sr. member
Activity: 1175
Merit: 275
October 26, 2019, 05:51:11 AM
#5
Btc is not just an ordinary crypto that we can simply conclude that its price has been manipulated without proper public evidence.

We need to understand that btc market domonance and value can not make it an easy beast to tame.

I am also eager to know the reason behind the upsurge but i will not subscribed to mere words but concrete evidence(s).
sr. member
Activity: 1190
Merit: 306
October 26, 2019, 05:46:25 AM
#4
This isn't the first time and it won't be the last.

Quote from: Coinounce
Bitcoin futures exchange Bakkt also reported the highest daily volume today. Bakkt saw a trading volume of 1131 BTC. The sudden pump could be a clear sign of market manipulation as bitcoin surged through all technical resistance in no time at all.
Definitely not, and the quote above may have something to do with it, but without knowing what all that Bakkt volume was all about, nobody can really tell what caused this jump.  I'd be hard pressed to say that it was just a flurry of buying that came out of nowhere, because there hasn't been any real news or even rumors that would drive that sort of thing.  Seems like it would have to be one or two big market players doing a lot of buying, perhaps with options on Bakkt.  Who knows?

I'm not complaining, tho.  I also don't expect the price to stabilize where it's at right now, but a break to the upside is much better than the alternative.  I expect there are a lot of traders right now that are really happy.
legendary
Activity: 1722
Merit: 2213
October 26, 2019, 05:36:30 AM
#3
The market is always "manipulated" long and short. Usually with longs and shorts. The idea that the price can easily be moved 20% in a day with a single pump or dump, two days in a row even, should make it obvious to anyone by now. This isn't the first time and it won't be the last.

Quote from: Coinounce
Bitcoin futures exchange Bakkt also reported the highest daily volume today. Bakkt saw a trading volume of 1131 BTC. The sudden pump could be a clear sign of market manipulation as bitcoin surged through all technical resistance in no time at all.
hero member
Activity: 2702
Merit: 672
I don't request loans~
October 26, 2019, 04:58:51 AM
#2
Well, we can't really be sure about how the price pump suddenly happened. Could be as you said, china's involvement, some said it was Bakkt and some said whales' manipulation of the market. One thing could be sure though, such sudden pump would see a stabilization in the near few days since it seems such pump has no foundation to stand and retain its position. I'd expect it to go back to less than 9k and stabilize its price there.
jr. member
Activity: 126
Merit: 8
October 26, 2019, 04:37:16 AM
#1


Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, 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?
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