The unregulated crypto currency exchanges are the "Market Makers wet dreams".
No psychic illnesses or conspiracy theory here, just criminals, or better call it Market Makers operating in a grey zone.
The casino always wins.
Same for exchanges, they are here for making money, not for their customers to get rich.
Similar things happen in other markets too, but not so obvious, because they have to follow at least some rules.
It went totally crazy in 2019 when binance opened their futures exchanges, of course they are leverage counter trading the crazy bot moves.
Why? Because they can, and it is very profitable and not illegal yet.
Topic: (infographic) How to trade bitcoin right (without felonies) (Read 113 times)
Dude, Stop creating a lot of successive replies, if you have a long one, do it in one reply.
Check Bitcointalk rules and rule number 32
I did not read all the responses, but I will answer the first question.
This behavior is known as "Bumping & Dumping[1]" and it is common in currencies that have a small market capacity, so any change in supply/demand will greatly affect the price.
The largest MarketCap cryptos are the most difficult and most expensive currencies to conduct such manipulation.
Therefore, you will find that most currencies with higher market capacities are stable compared to other currencies.
If Bitcoin market capacity reaches one billion dollars or more, we will witness more stability.
[1] https://en.wikipedia.org/wiki/Pump_and_dump
Check Bitcointalk rules and rule number 32
Quote from: https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657
Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed
I did not read all the responses, but I will answer the first question.
This behavior is known as "Bumping & Dumping[1]" and it is common in currencies that have a small market capacity, so any change in supply/demand will greatly affect the price.
The largest MarketCap cryptos are the most difficult and most expensive currencies to conduct such manipulation.
Therefore, you will find that most currencies with higher market capacities are stable compared to other currencies.
If Bitcoin market capacity reaches one billion dollars or more, we will witness more stability.
[1] https://en.wikipedia.org/wiki/Pump_and_dump
How about fake selling? Doesn't that happen too? If you could "eliminate both the fake buying and selling", I think market will begin to move naturally.
Well, a good trader can make money in whatever direction the market goes, as long as price fluctuation remains.
Well, a good trader can make money in whatever direction the market goes, as long as price fluctuation remains.
As a followup to this situation: there is serious volume decline on binance.com. It's now at 158 million volume on bitcoin.
There could be another "terrorist" attack which forces it up but the volume just showing up and disappearing this drastically is a clear indication that there is most likely criminal activity going on. I guess good luck not getting screwed. Wish I had a personal attorney to solve this already. If I was a millionaire I would have definitely sued someone already.
There could be another "terrorist" attack which forces it up but the volume just showing up and disappearing this drastically is a clear indication that there is most likely criminal activity going on. I guess good luck not getting screwed. Wish I had a personal attorney to solve this already. If I was a millionaire I would have definitely sued someone already.
In all honesty I request that any whistleblowers from binance or bitfinex do their best to report this behavior to the police if they are aware of this misconduct. You're not helping the world dragging on this drama of trying to be violent. Peoples lives have been ruined because of the negligence treating this behavior as if it's not a felony and hasn't created a holocaust towards people trying to save their money (bears -and- bulls). It's killing the bulls who care about good buys instead of harassment and bears who made a dollar and are good at selling at the right points.
The market used to work together but this has gotten to the point where it's causing suicides. It's not really helping in the long run and is slowly causing someone with a psychological disease to go bankrupt because I'm sure they force their employees not to speak out about their psychopathic illness for an "illusion" of control. You as an employee or informant are hopefully going to realize that sooner or later and hopefully explain this situation to the right people.
This is creating world war 3 and it needs to stop.
The market used to work together but this has gotten to the point where it's causing suicides. It's not really helping in the long run and is slowly causing someone with a psychological disease to go bankrupt because I'm sure they force their employees not to speak out about their psychopathic illness for an "illusion" of control. You as an employee or informant are hopefully going to realize that sooner or later and hopefully explain this situation to the right people.
This is creating world war 3 and it needs to stop.
Why the market doesn't work.....a more in depth analysis but also pretty short.
Because "something" out there thinks it's "funny" to glance over things that look like this which happened today at UTC time 00:08:23 december 20.
This is what's called a sell signal. It's not funny to "fight" things like that and if you're screwing with it as if it's stupid you're using this field and the trading platform to commit acts of terrorism. I've notified many authorities including the FBI and it needs to stop immediately. It's hurting people. This isn't fight club.
This "trader" who doesn't consider what things like this mean needs to be punished to the full extent of the law for endangering innocent people's lives here.
I know how to go down -and- up but it's not fair legally I believe to force me and others to deal with this kind of blatant ignorance and harassment ignoring sells like this as if they're a problem.
Because "something" out there thinks it's "funny" to glance over things that look like this which happened today at UTC time 00:08:23 december 20.
This is what's called a sell signal. It's not funny to "fight" things like that and if you're screwing with it as if it's stupid you're using this field and the trading platform to commit acts of terrorism. I've notified many authorities including the FBI and it needs to stop immediately. It's hurting people. This isn't fight club.
This "trader" who doesn't consider what things like this mean needs to be punished to the full extent of the law for endangering innocent people's lives here.
I know how to go down -and- up but it's not fair legally I believe to force me and others to deal with this kind of blatant ignorance and harassment ignoring sells like this as if they're a problem.
Here's how much "normal traders" have to do with this. The one's who get screwed, basically the last note on the right (I'm sure they know how to leave if things get bad). This is happening right now. Doesn't matter if it goes up a bit more, this is not ok to permit someone to constantly force the world to go through this.
Honestly it's just not ok if someone tries to "beat someone to death" with buys just because a seller knows what they're doing. ...And then blame other people after a crash as if there was no warning. I see plenty of warnings on this picture indicating how dangerous it is to buy right now. But I'm sure the felonies think this is still about getting attention...No telling what's going to happen but this is not a game and they're treating it like one, or a war about who can be most violent. It's very very very wrong. Is there a word that signifies the meaning of "wrong" more than wrong? It's pretty wrong.
Just because you're angry doesn't mean you are allowed to commit felonies forcing the price up when adults here have a job to do.
There's a lot more here that's important than someone's need for attention. I can't guarantee they're going to survive this financially if this continues.
Honestly it's just not ok if someone tries to "beat someone to death" with buys just because a seller knows what they're doing. ...And then blame other people after a crash as if there was no warning. I see plenty of warnings on this picture indicating how dangerous it is to buy right now. But I'm sure the felonies think this is still about getting attention...No telling what's going to happen but this is not a game and they're treating it like one, or a war about who can be most violent. It's very very very wrong. Is there a word that signifies the meaning of "wrong" more than wrong? It's pretty wrong.
Just because you're angry doesn't mean you are allowed to commit felonies forcing the price up when adults here have a job to do.
There's a lot more here that's important than someone's need for attention. I can't guarantee they're going to survive this financially if this continues.
Quote
It’s called pump and dumps and it has been around ever since the unregulated stock market days. Those who are new to trading will sooner or later learn this lesson particularly when it comes to crypto trading. Unfortunately, there are no clear regulations for this as of yet. As much as we all hate SEC, we need them to help prevent these.
The sad part is it seems like it's not one party. One group or one person with maybe a psychological disease seems to be trying to get attention through shoving money into the market, whether it be fake or real. Then, the innocent traders have to deal with it, therefore creating the "dump" at the end.
(Most of) the ups seem to be made by someone with a problem these days, which in turn creates felonies, especially if bitcoin is legally a "commodity" now if it's through harassment, violence, and force. The downs are made by normal innocent traders trying to deal with these felonies and keep their money after they basically get terrorized (bitcoin didn't used to be this "uncomfortable" everyday).
That's the sad part, the innocent traders have nothing to do with the "dumping," as if it's illegal. This market has tried to become violent towards sells and do everything they can do blame them for their problems instead of understanding the market and using them and gosh forbid, maybe do the same thing sometimes.
No one is a hero for fighting the sells. If this group of traders were smart they would have realized by now that using the sells instead of fighting them would give them more "power" instead of being ignorant all the time. They've obviously had enough time to learn how to buy -and- sell.
I've had enough time sitting here putting up with the fake buys and harassment that I thought I'd make an infographic about it for newcomers. Hopefully it sheds light on this ongoing problem that could be highly illegal and most likely shouldn't be happening at all.
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