Topic: Exchanges are dropping BTC price on purpose (Read 255 times)

Usually,  the price of BTC varies its investment and selling coins but sometimes, big shareholders are responsible for that. But why are you saying this? Is there any proof? Or you have personally confronted with such morons?

Might be exchanging websites are behind this. Who knows exact!!

Bitcoin is the earliest and most powerful digital currency market today. I think the Bitcoin discount is bad for all the other coin makers. There is no force behind the market to manipulate the market. These are only market fluctuations according to its rules only.

I will give example from life imagine that there is 100 coins lets call them TRUST one coin for easy calculations cost 10$. I want to pump them up so I buy all coins I pay 1000$ for all of them. Because price what I buy was 10$ ticker stays at 10$/coin. How to start increasing coin value I call my good friend and say for him can you buy one coin from me for 15$ in exchange. I give friend 15$ and he do ticker price shows now 15$/coin, and he sends back coin for me I have 100coins I spend 1015$ for them but market cap shows  that my coins based on last traded price is 1500$ and I agree now to sell 1 coin for anyone who will buy it from me at 20$. Rumors  start going media joining and Bob decides to buy coin for 20$ so he buys and offcourse he wants to sell just at higher price to make profit so time goes more and more new people comes and  want TRUST coin price rise to 100$ and I decide to sell all my coins what left for example over time I have left just 80 of them and now 20 are in other people hands. Those people hold coin in exchange who is not regulated because I am smart man I hold them in cold wallet. As well because I am smart man I know if I start selling at market price it will collapse and maybe there will be situation that I will be not able to sell all of them and panic in market begins so I call exchange and I sell them OTC so noone can see my sells offcourse price is worse then market but at least I have fill. So at the day I sold exchange controls 80coins we agree that they buy from me with 20% percent discount so they pay 80$ for 1 coin market ticker still 100$. Time goes on people keep buying exchange slowly distrubuting all coins what they buy from me and one day dont have coins at all because sold all of them slowly. Now all coins in hands of people fees from trading small because they holding not speculating. So exchange decides to manipulate price down same way as we manipulate up they take coins of people who holding in exchange and starts dumping price down they short some at 100$ then if there is a buyer they selling as much as he wants then selling for another buyer who wants to buy lower and do that while there is a buyers ecause whatever buyer buys returns to exchange once they start doing this they will do while there will be a buyer because they need to buyback coins what they sold at lower prices this is how limited supply becomes not limited and exchange  who is not regulated can do whatever she whants with price. Somebody ask why exchange have to do that answer is because of money they make a lot of money in market short selling while there is big demand for buy. They sell 100$ buyback 90$ if people start jumping train they sell more and makes money. Everything can be manipulated even limited supply if its distributted and noone hold more then 51% but I will not continue because no point for me this my first and last post I can explain many many ways how we manipulate price and its done everythere forex stocks crypto whatever market and its done everyday you think crypto is diffrent when short net of laveraged traders becomes more  then longs price will stop to drop good luck.

People don't trust Bitcoin after the fees hit $55 per transaction and many people can understand that the lightning network is
a system of small banking hubs so they are cashing out or running away because many of the old names moved to Bitcoin to get away
from bankers and if block-chain brought you here then the off-block lightning network should send you packing too.

Lets face it, we have been sold out

The price are dropping in exchanges because there are investors who are dumping bitcoins right now. Exchanges have nothing to do with the current price movement, its us, traders and investors who make the price moves.

I hope you know that this market is based on speculation and if there are bad news that comes along, obviously investors are cashing it out resulting to the current price going south.

I suggest you do your homework and research what affects the price movement. I'm sure that you are very frustrated to see the price going down again. But you don't have to blame exchanges, blame the whale or shall I say Mt. Gox trustee from Japan who dumps $500 million worth of bitcoins.

That's not true and if it's true they need a lot of money by doing that

First of all price of many coins there are base in users like if they buy that in high then users sell in low so think if they cheat like the price is base on trading site they will pay a lot of transaction by that kind of cheat because they drop it on purpose

But still there always a possibility

You obviously have no idea. If all investors were selling then you'd have a continuous downtrend since January. Instead you had the bottom, followed by the head and shoulders pattern and s decent move up, which shows that there's a lot of demand and people are actually interested in buying. Now you had a major FUD about Binance and some people got scared. It happens, but we are still above the bottom and almost certainly going to bounce back from it if it gets retested.

what is the purpose of exchanges to drop btc, what do you think why they are doing this kind of thing when they earn so much from commissions and why to drop it as it drops the trading volume as well drops by cutting earnings.

It is clear that Mr. Satoshi Nakamato has a high-tech trading bot installed on almost every major exchange, and constantly fiddling with the price.
I love these simultaneously orchestrated 1000$ ups and downs of bitcoin happening in a flash. These are all good efforts to bring in more money into the system, and it works.

Exchanges can't manipulate any coin price just because it's theoretically impossible. Of course, they have a huge income that could be used to manipulate prices but I don't see why they would want to do that. Exchanges earn massive amounts of cash every day collecting order fees and they definitely wouldn't want to drop the prices because growing market cap means more orders - bigger revenue. Maybe they are doing a completely different thing - pushing a lot of money to stabilise the market and don't let it crash. Exchanges like Binance and Coinbase are very concerned about their place in the whole ecosystem and they are spending a big portion of their revenue for security, marketing, promotion, even salaries. I think they can even pay out huge checks to hackers and media so that words about potential/happening hackings don't spread like germs and they can keep their cool image together. They can be paying hackers to attack other exchanges because after all they are all opponents in this business. There are obviously Big Guys standing behind exchanges and you can't tell what's happening most of the time but they can't start sinking the price down because they are earning a shit load of cash every single minute. Either way, stay strong and don't get scammed, that is a bigger issue right here!

If the exchanges were selling Bitcoins then it would be in their best interest to raise the price rather than dropping it. If an exchange is legitimate, then they don’t really care what the price is as long as as people are trading coins. They get paid from the fees so the more trades the better. Therefore, the more volatility the better. This volatility is just a natural occurrence in an open market.

The drop has got to do nothing with the exchangers or their act on the altcoins in negative way. The story of this is everywhere on the forum and if you read carefully then you will come to know that what happened currently is gox a guy with more than billion bitcoins sold his most of the coins and thus dumping the prices of the bitcoin. The altcoins dropped because of the indirect effect of the bitcoins drop as people tend to get panic reactions and thus selling the altcoins as they are scared currently. This is normal I believe and there is contribution of any exchanger into this so don't mix up things here. Just know the true news from the forum itself.

lol this is what happens if you start trading bitcoins without studying its  eco-system.This is just the start,I want to see these kids freak out considering the amount of faith they put in these exchanges and the bitcoin rates.

They do! They can heavily manipulate the prices! You can easily check that yourself.Go on an international exchange to check the price of a coin and compare it with your local exchange,you will see the difference.

Exchanges cannot drop the price. And it also is not just one or two whales who are dumping, it looks like the mainstream and many more investors are selling out. Governments will regulate worldwide, cryptocurrencies will be centralized and taxed. This is scaring of the investors, so they sell out and the price drops heavily.

I know for a fact that some exchanges tactically pause trading operations once a peak is achieved so as not to have a massive crash in an instant, but altering the prices real-time is new. Also, some Chinese exchanges have been faking trade volumes but has never faked the prices. This needs some sort of solid evidence since this is yet another slander on exchanges' part; maybe you have just saw a massive crash when a particular user dumped lots of bitcoins? It still boils down to supply and demand, and exchanges are only there to facilitate the trades going on between the two parties.

but why would they do it....  doesn't make sense.  they are making millions on transaction fee then why dump or pump the price.....  

would love to see some solid argument.....  that how they profit from falling prices...?

I feel your frustration right now, just HODL is the best advice I've been given. Regarding exchanges here's one that I support what they are doing by leading in the masses through arbitrage trading that would settle the volatility issue we have in this market, which is what keeps so much money on the sidelines.

https://bitcointalksearch.org/topic/m.31823480

Iam not sure its the exchanges but i am certain that someone with a huge quantity of bitcoins is selling them and that is why the prices are currently dropping because i don't see any FUD happening anywhere yet the value is still going down.

no one can control bitcoin price include exchanges, bitcoin price control by supply and demand. if exchanges control bitcoin price may be the price in each exchange will be different and the market will be chaotic and that is the end of bitcoin. I think you should learn more about bitcoin.

If they have the ability to drop Bitcoin's price, they aren't an exchange - they are more in the market-maker mould. Whales dumping and causing the price to drop are problems which Bitcoin has faced since time immemorial. In this particular drop, an incompetent liquidator of Mt Gox's bitcoins seems to be doing the most damage. Unless Bitcoin's liquidity improves, we are going to continue to have problems.