Cartels are dumping Bitcoin at a price lower than last drip to make huge money

IsuruMaduranga

jr. member

Activity: 182

Merit: 7

Block chain enthusiast

Whales can do some manipulation in the market. But large scale dumping is huge unlikely.
Now it is 4 months since price dumping started. Any cartel can not maintain a dump that much long time.
Volatility is the nature of BTC. You should understand it.

See my below post.

Quote from: IsuruMaduranga on April 04, 2018, 05:05:25 PM

Don't lose faith fellows. You will never regreat

is there any possibility to reach all coin price to jan 2018 price

Could bitcoin reach 100.000$ ?

The future is none other than history repeating.

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BTC will go upto 100000$ within 5 years.

Update

These are hard times fellows

India closes doors for Crypto Currency

aoluain

legendary

Activity: 2436

Merit: 1362

When the Bitcoin futures investments were initially announced i actually
thought that this would be the case. The investors would manipulate the
price for their own good and because the market is unregulated there
are no consequences.

jesika

newbie

Activity: 224

Merit: 0

It’s highly unlikely. It’s not possible for cartel to make this much huge manipulation or impact on the market. Anyway, true or not, it’s better to hold the coins or to buy some. Good Luck.

Jaslinbor28

newbie

Activity: 252

Merit: 0

Bitcoin prices have been slumping hard since a few days and touched a 50 day low today by breaking below $7000 or less than 4.75 lacs INR in India considering a little premium we have here. There are many theories for this drop around the world wide web and we thought we’d share some with you. Bitcoin and other cryptocurrencies have remained in the bearish trend for the entire 2018.

caloriecoin

newbie

Activity: 113

Merit: 0

Cartels are dumping Bitcoin at a price lower than last dip to make huge money from "Bitcoin Futures".

They may be losing 4-5k per Bitcoin but making 10-20k profit from "Bitcoin Futures". This must be stopped at any cost otherwise crypto-currency market will die.

This is announcement from OKEx: “Dear valued customers, At 5:00–6:30 on Mar 30, 2018 (Hong Kong Time), a number of users performed unusual transactions to manipulate the price of BTC quarterly futures contract, making it deviate greatly from the BTC index. Based on our team’s investigation, the user closed a huge amount of positions at market price without considering the cost, causing it to drop to an unusually low level. We will disclose the transactions details in further notice”

Source: https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

Topic: Cartels are dumping Bitcoin at a price lower than last drip to make huge money (Read 140 times)