Bittrex manipulation? | Bitcointalksearch.org

Swinging Phallus

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Quote from: jmigdlc99 on October 10, 2017, 06:47:42 AM

Basically, every single altcoin listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 1200 and 0900 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other.

Coincidence? Let the charts speak for themselves: http://thecryptosyndicate.com/opinion-bittrex-anomaly/

Thanks for posting this, was about to make a thread with that exact article. The points in that article are poignant alarms. What's mildly interesting is that there were hundreds - if not thousands of people claiming that their Bittrex accounts were locked about a few days after that manipulative incident happened. Also, the majority of people with locked accounts were located in the middle east - In my opinion, they are not only complying with the SEC (as they proudly and openly state on their website), but they are also complying with intelligence agencies.

I'm glad to say I have taken all of my investments out of Bittrex and into a few DEX (Crypto-Bridge, IDEX, Etherdelta, Openledger). As I see it, only negative outcomes can come from centralized exchanges. Decentralization is the primary protocol of cryptocurrencies and exchanges should replicate that - we've seen what centralization has done in the past and we KNOW it is set for failure.

Bittrex applauding the SEC investigation of their own assets:
https://support.bittrex.com/hc/en-us/articles/115000798731-Regarding-the-recent-SEC-Digital-Asset-Investigative-Report

jennywhzz

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Quote from: jmigdlc99 on October 10, 2017, 06:47:42 AM

Basically, every single altcoin listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 1200 and 0900 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other.

Coincidence? Let the charts speak for themselves: http://thecryptosyndicate.com/opinion-bittrex-anomaly/

Don't care either way. I once saw a movie about a guy that was either crazy or not, you never found out. But, he heard things and saw things as real as anything and eventually got locked up. He was treated and released after a few months and he turned and asked the doctor as he left how he could be sure that he was cured and not sitting in the corner drooling and imagining the treatment and everything. The doctor said he would never know for sure, but if everything looked and felt real, who cares.

Yes, sites are manipulated by the owners and the clients, it happens, deals and the same is true for Bittrex.

Victorycoin

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Quote from: littlebill16 on October 10, 2017, 01:49:05 PM

It's just the way that the markets work, often if one alt-coin is being dumped then a whole bunch are. People want to hold bitcoin right now so they're dumping alts.

Bitcoin have breached the $5000 price level, though it has been long coming, but the message is that Bitcoin is experiencing a strong buying pressure lately and since most of the stable altcoins are down by over 10%, it can only mean that altcoins are being dumped in favor of Bitcoin. I think it is a strong reminder that everything cryptocurrency, still revolves around Bitcoin.

littlebill16

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🤖UBEX.COM 🤖

It's just the way that the markets work, often if one alt-coin is being dumped then a whole bunch are. People want to hold bitcoin right now so they're dumping alts.

xaviervilla

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Quote from: jmigdlc99 on October 10, 2017, 06:47:42 AM

Basically, every single altcoin listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 1200 and 0900 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other.

Coincidence? Let the charts speak for themselves: http://thecryptosyndicate.com/opinion-bittrex-anomaly/

Damn bruh, that’s quite a big accusation you hot there. Are you even sure of that?
If i were you, i would check every detail before posting anything. Because these types of accusations can break reputations and credibility of the one being mentioned. So next time please provide concrete evidences because even if you just want to make a conversation about it it still does the same for the one being mentioned.

Just an advice.
Good day op.

Victorycoin

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Quote from: jmigdlc99 on October 10, 2017, 07:08:34 AM

Quote from: pawanjain on October 10, 2017, 06:53:13 AM

Nobody is manipulating Bittrex dude. It happens whenever multiple users dump their coins together. It is a known fact that altcoins will be dumped since the fork is near and people are selling their altcoins in losses to acquire the free Bitcoin gold. It happened during the last fork too when altcoins were dumped to acquire free BCH. So nobody is manipulating Bittrex, its just the people who are dumping their altcoins.

Allow me to quote the article for you:

"Argument: People are moving alts to BTC

This is mainly false. Though it is true, it didn’t happen at the scale that matches with the volumes moved from alts to BTC across any other exchange. This wasn’t a market-wide movement like we saw with BIP91 activity between June and July."

I think it does not rest entirely on volume movement to bring about such market-wide dips. If you take into perspective the fact that all altcoins go at certain rates of Bitcoin, then a fast increasing Bitcoin is sure to drag all down and at once - everything being computerized to forestall huge arbitrage opportunities.

Zocadas

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Quote from: jmigdlc99 on October 10, 2017, 06:47:42 AM

Basically, every single altcoin listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 1200 and 0900 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other.

Coincidence? Let the charts speak for themselves: http://thecryptosyndicate.com/opinion-bittrex-anomaly/

I am sure, that there are groups of guys, who try to manipulate the market. With and without success. Maybe you uncovered them. But I think, it is the upcoming SegWit2x, that attracts traders to exchange their altcoins to Bitcoin.

Mahanton

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Quote from: jmigdlc99 on October 10, 2017, 06:47:42 AM

Basically, every single altcoin listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 1200 and 0900 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other.

Coincidence? Let the charts speak for themselves: http://thecryptosyndicate.com/opinion-bittrex-anomaly/

This is only a suspicion and i was amazed that you do able to observe on those price movements into those time frames.I do believe theres no manipulation on here but purely a normal tug of war of seller and buyers which would really cause the price to move.If in those times there are dumps then we would normally think that they are already cashing out.Whats the reason? Who knows but for sure theres one or more.

cryptocrusher

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What exactly would bittrex have to gain by somehow causing a dump of all alt-coins? It's simple, everyone holding bitcoin will receive bitcoin gold for free and they expect to make an easy 10+% for doing so, therefore they dump their altcoins to free up capital and buy bitcoin. That also leads to a further dump from people who don't understand this is what is happening and proceed to panic.

Pattberry

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The chart is interested ,but i am sure bittrex wont be manipulating those coins,there are high rollers who could sell off huge number of coins at a given time and that has anything to do with the site involved,it is a relative good site when it comes to alternative coin trading and if you are listed in it every coin will be having a large volume as the customer base is high.

jmigdlc99

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Quote from: pawanjain on October 10, 2017, 07:18:32 AM

Quote from: jmigdlc99 on October 10, 2017, 07:08:34 AM

Quote from: pawanjain on October 10, 2017, 06:53:13 AM

Nobody is manipulating Bittrex dude. It happens whenever multiple users dump their coins together. It is a known fact that altcoins will be dumped since the fork is near and people are selling their altcoins in losses to acquire the free Bitcoin gold. It happened during the last fork too when altcoins were dumped to acquire free BCH. So nobody is manipulating Bittrex, its just the people who are dumping their altcoins.

Allow me to quote the article for you:

"
Argument: People are moving alts to BTC

This is mainly false. Though it is true, it didn’t happen at the scale that matches with the volumes moved from alts to BTC across any other exchange. This wasn’t a market-wide movement like we saw with BIP91 activity between June and July.
"

So you are saying that there is something that is making Bitcoin's price increase more than it actually should or may be you could also say that altcoins are dumping more than they actually should. In this case a person with good mathematics can figure out whether it is actually true by calculating how much alts were dumped and how much btc were raised. If there is a difference then what you said might be true.

Bitcoin is not in question here, bittrex is. Mathematicians and analysts did calculate, look at the charts.

I suggest you stop post spamming and actually read the article. If you have nothing intelligent to add to the discussion then just leave. Im done with you.

13abyknight

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Quote from: pauloaragaomelo on October 10, 2017, 07:06:20 AM

If you are unsure what happened to the current situation, almost all altcoin are experiencing the same thing. as bitcoin prices continue to rise, people would prefer holding bitcoin and dumped of their altcoin.
Moreover, the issue of bitcoin gold, so everyone holds bitcoin and to get free bitcoin gold.

This was the situation only and only on Bittrex, almost every altcoin fell off a clip in a very similar pattern which was almost relatable to each other. There are altcoin holders who believe day trading can net them more profit than cashing out and stocking up BTC, waiting for the Bitcoin Gold fork to happen, this shouldn't have been the case.

pawanjain

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Nothing lasts forever

Quote from: jmigdlc99 on October 10, 2017, 07:08:34 AM

Quote from: pawanjain on October 10, 2017, 06:53:13 AM

Nobody is manipulating Bittrex dude. It happens whenever multiple users dump their coins together. It is a known fact that altcoins will be dumped since the fork is near and people are selling their altcoins in losses to acquire the free Bitcoin gold. It happened during the last fork too when altcoins were dumped to acquire free BCH. So nobody is manipulating Bittrex, its just the people who are dumping their altcoins.

Allow me to quote the article for you:

"
Argument: People are moving alts to BTC

This is mainly false. Though it is true, it didn’t happen at the scale that matches with the volumes moved from alts to BTC across any other exchange. This wasn’t a market-wide movement like we saw with BIP91 activity between June and July.
"

So you are saying that there is something that is making Bitcoin's price increase more than it actually should or may be you could also say that altcoins are dumping more than they actually should. In this case a person with good mathematics can figure out whether it is actually true by calculating how much alts were dumped and how much btc were raised. If there is a difference then what you said might be true.

jmigdlc99

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Quote from: pawanjain on October 10, 2017, 06:53:13 AM

Nobody is manipulating Bittrex dude. It happens whenever multiple users dump their coins together. It is a known fact that altcoins will be dumped since the fork is near and people are selling their altcoins in losses to acquire the free Bitcoin gold. It happened during the last fork too when altcoins were dumped to acquire free BCH. So nobody is manipulating Bittrex, its just the people who are dumping their altcoins.

Allow me to quote the article for you:

"Argument: People are moving alts to BTC

This is mainly false. Though it is true, it didn’t happen at the scale that matches with the volumes moved from alts to BTC across any other exchange. This wasn’t a market-wide movement like we saw with BIP91 activity between June and July."

pauloaragaomelo

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If you are unsure what happened to the current situation, almost all altcoin are experiencing the same thing. as bitcoin prices continue to rise, people would prefer holding bitcoin and dumped of their altcoin.
Moreover, the issue of bitcoin gold, so everyone holds bitcoin and to get free bitcoin gold.

Wipro

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Quote from: jmigdlc99 on October 10, 2017, 06:47:42 AM

Basically, every single altcoin listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 1200 and 0900 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other.

Coincidence? Let the charts speak for themselves: http://thecryptosyndicate.com/opinion-bittrex-anomaly/

You are saying that new coins has been added to the site. Since we can consider the new ICO coins has been implemented but that not consider as bitrex is manipulated. What is this timing you noticed.
You please look in to the altcoins added to the market place capital of the coin before you wish to invest to it.

pawanjain

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Nothing lasts forever

Nobody is manipulating Bittrex dude. It happens whenever multiple users dump their coins together. It is a known fact that altcoins will be dumped since the fork is near and people are selling their altcoins in losses to acquire the free Bitcoin gold. It happened during the last fork too when altcoins were dumped to acquire free BCH. So nobody is manipulating Bittrex, its just the people who are dumping their altcoins.

jmigdlc99

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Activity: 784

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Basically, every single altcoin listed on Bittrex has fallen in a very similar pattern in relation to one another. Not every coin, but coins that are listed on Bittrex. Between the hours of 1200 and 0900 at UTC-4 on 8th October 2017, a large number of alts experienced a mass dump executed within minutes of each other.

Coincidence? Let the charts speak for themselves: http://thecryptosyndicate.com/opinion-bittrex-anomaly/

Topic: Bittrex manipulation? (Read 727 times)