Topic: BTC Price Manipulation (Read 865 times)

Even worse.
 XT will destroy Bitcoin as decentralized network  and it will create only few super-nodes what will be able to handle 8GB blocks. Then It is easy to control(or shut down) this few nodes by government.

Only a fraction of those 14000000 BTC are in circukation. If all BTC suddenly appeared on the market the price would drop like a rock so the real price is likely much lower than todays price. If the market price on BTC was based on 14000000 BTC then a dump of 5000 BTC would have had a minimal effect or no effect at all.

What you just explained here are common marketing rules anywhere, in any kind of free market.
Big players always manipulate the market and creates an artificial panic among small players.
Small investors then sell their shares in panic and big investors are buying them and later earning big profits.
I don't think that bitcoin market is unique and separate in this sense and don't think that we can do anything to change this situation.

Based on what you're saying this bs?
XT is just a fork of Bitcoin core. It only puts more things and the devs that will "control" the source will be different.
The only point to avoid XT is if you don't trust gavin and if you don't like 8MB blocks and think that it should be lower or IDK.

Calling it a personal trojan is a little dramatic but it is an attempt to circumvent the consensus methods in place for making changes to bitcoin core because it appears that the devs are incapable of reaching consensus on this issue. In my opinion block size is not the biggest issue here, it is how the issue of reaching consensus is reached by the core devs that will have lasting ramifications.

Well, if you have a Bitcoins, you have it and nobody can block your account.

In the xt your Bitcoins can be blocked, and you will lose all your BTC. Is not it a scam?

Also, you will go to the prison for all your life, because tomorrow your democratic government will create a law that all cryptocurrency holders should be arrested. I even do not say that you already should be arrested for your site

In case of Bitcoin core you will be free, because nobody will know your personality. In case of xt any federal agent will know who you are.

Bitcoin XT is may not be a Scam.  But Bitcoin XT want to capture entire Bitcoin network into their hands.  This may lead to create problems to Bitcoin and its investors in future.

Yes. A personal trojan instead of BTC.

Bitcoin XT is it a Scam

It seems than somebody wants to drop BTC market down to the bottom selling BTC now.
Bitcoin trading volumes are low, that's why current price manipulation is easy.
When somebody sell 5 000 BTC for a cheap price, it does not mean that other 14 000 000 BTC are cheap.
While all these Bitcoins are holded for the future, market price indicators show only the price of the last sold 5 000 BTC, not the real BTC price.

But a really huge amount of users do not understand this.

Some of the real holders will sell their BTC for lower prices. Other will not buy new BTC, because they  think that BTC price will go down deeper.

And than guys, which made a panic on a market, will buy a huge amount of cheap BTC. It will make BTC price go up to the new high rates. Than Bitcoins will be sold much higher, than it were bought.

As a result - somebody will gain a lot of Bitcoins and will receive a huge profit. The most of the usual Bitcoin users and investors will lose their money.

And the legend for the price manipulation is a fake Satoshi Nakamoto's email that Bitcoin-XT is a dangerous fork.
It's nothing. Who are Mike Hirn and Gevin Anresen? Just nobody. They want to be owners of your Bitcoins and control the whole system. Not only the funds, but the principles and freedoms.
It's clean that they wrote a fake Satoshi's email.

I can say "F#ck off!" to these guys. You can say it too and never let them a chance to control YOUR bitcoins. Just ignore xt fork and forget about it. Because XT can track your IP and you will not be anonymous anymore. XT can block your IP or account and you will lose your money. XT code can be modified at any time and it will be able even to record a video from your webcam or to steal your personal data. XT is controlled by couple of people. Original Bitcoin is not controlled by somebody.

What to do now? You can sell your Bitcoins and than you will make a BTC price go down. Than you will be able to buy more cheap BTC. But be careful - maybe right after the moment when you sold your Bitcoins, BTC price will go up immediately.

Only the one thing I can say you exactly - after falling BTC price will go up to the new heights. I can say it as a developer of the most effective automatic BTC trading bot.

Please repost this text and than people will now that a fake story about Bitcoin-XT is just a bullshit.