Topic: Money for Nothing and your Bitcoin for Free - page 2. (Read 546 times)

Even if this information proved  to be incorrect, it could well have happened in practice and this is quite normal. Smaller bitcoin holders do this all the time. This is one of the reasons why Bitcoin does not reach very high price values. Thus, its price will constantly stray. This is quite normal, because if this market rule did not work in relation to cryptocurrency, then after some time there would have been a general collapse. Simply put, the bubble would burst.

there are many risks to be gained when playing in the crypto world. very high risk when someone does not understand what they are playing. maybe Jason is someone who doesn't take risks.
how about you guys?

OP I believe this was discussed sometime last week or the other can't just remember the source but thanks for bringing this to light
Honestly this is news to me , we were made to believe funds actually did move all in an effort to manipulate prices and profit from this but after reading this it is evident that crypto is full of FUD and we need to develop investigative ways of verifying news for authenticity.

According to this article, anyone with a 25K BTC can earn millions of dollars in just a few hours with the right moves. Am I correct? Could this be so simple? I don't think it's possible.

Even in large, regulated markets, this has happened for sure. It's just that for bitcoin and other cryptocurrencies, it's so easy to do this knowing that exchanges do not really care about large orders such as this when they occur as long as they are getting the trade fees in their pocket. Also, IIRC the reason for the drop and the transfer of the bitcoins was not really related at all, for the huge transfer was later found out to be just someone trying to move funds from A to B and not really liquidating it. But the point still stands though: as long as exchanges allow such events to happen, unexpected pumps and dumps would surely be seen from time to time.

This thing can happen on almost every market. And the smaller you market is the fewer efforts it would take you to manipulate this market. So everyone who got millions worth of BTC may try to get some easy money.
But I believe that in case with stocks such things would be considered as a kind of fraud and you are risking to get into jail.

Lol, Dire strait song? (I'm sure only a handful of members here can relate about that song  )

Seriously though, this has been happening for the last 2-4 years so I'm not surprised by this sudden move of coins, if the intention is to somewhat influence the price of bitcoin. This is what we can manipulation specially coming from whales in this sphere.

What worry us most is those newbies so are easily sway by this news. Majority of them will be somewhat influence and push the sell button because they don't know why they are being played by this whales.

This has been happening for years which some of us isn't aware of. Sometimes, we only notice the huge movements of the prices but it could even affect and manipulate every single detail and changes in the market. Whales could cause a pump and dump anytime which we must be aware of so we'll know how to go with the market flow.

Yes but just like any other trader they could also lose profit from short trades .
If the people didn't panic from their dump and just bought it and the price starts to rise up then they would just lose their money.
They just took the risk too but the people bought their plan and as result they manage to get a $15M profit,
This is what the pump group has been trying to do since most of the pump groups or paid  groups doesn't have that much crypto.

It's true and sometimes, whales are also taking advantage of the dip especially when people are doing panic selling.
The fact is we can't do anything about what they're doing but to deal with the changes. They hold the biggest amount of Bitcoin which could change the prices instantly and we can't control them.

Indeed crypto whales can manipulate market and sometimes this affect people who not have so much coins and some of them sell because they see the price dropping.

Such kind of manipulation is happening since a long time, probably from the inception. That's one of the risks of unregulated public markets and we will have to live with that!

If we want to save ourselves from such manipulation, we can start using "circuit filter" technique! It is being used by major exchanges to cut extreme volatility and also to stop such manipulations. Read it here,

https://www.ndtv.com/business/what-circuit-filters-in-stock-markets-mean-388463

Exchanges will have to be proactive in implementing such measure but that would drive their big customers away!

When you add the reference to the source you need to pinpoint which one it is, and not give a link to a site which has probably thousands of articles. That is to say, the link should really be the following: https://dailyiconews.com/crypto-skepticism-of-the-week/money-for-nothing-and-your-bitcoin-for-free/jason-bloomberg/2019/06/07/

And again, people should really drop this habit of simply copying and pasting an article without investing some of their own time to dissect it and create at least a versed opinion on what the article points out.

You must be new to this entire BTC trading area. These things happen all the time, but people don't usually notice them unless such big changes happen. Some sellers smartly sell their BTC using OTC platforms in order to minimize the effect on the market as a whole.

Some don't and the person in the article is basically one of those whales. This is a free market and they can do as they please. We are all aware of the risks here which is why we cannot blame anyone apart from ourselves if we lose money.

Well, you have to give that whale some credit, because he sold during a rising wedge pattern when volume had been dwindling, so more than likely a fall was going to happen anyway. Either way, a correction was needed in the market following the parabolic rise.

a movement of 7% is insignificant.
just google "bitcoin volatile" and you will see loads of examples from 2011-2019 of price movements

also making a post on the 10th about some dude who made a comment on some ICO site 7 days early, makes it less relevant

as for the guy making the source comment. if he has got passed the initial buzzword of 'bitcoin' to then search out and then get interested in ICO's then its pretty obvious behind his words of pretending not to be interested in crypto. he certainly has enough interest to be involved and researching and watching fund movements. rather than, say going to a bar and meeting women.

anyway. to my point
many crap coins(PoS) have no underlying value, whereby there is no cost of production. thus crapcoins created from blockrewards can be sold at any price and be profitable. thus able to be sold down to pennies.

but bitcoin(PoW) has an underlying cost of production. thus bitcoin wont tank down to pennies like PoS coins would. so the title of 'money for nothing and your bitcoin for free' is wrong on so many levels

in short. imagine there to be a hidden underline value support that the majority of the community wont sell below (~$5k rightnow) and so the public price is just speculating/volatile/fomoing above that support. which again is why 7% movment is not that newsworthy
\/\/\  ₈
      \/₇
_____₅


_____₀

Except the fact that most buyers and sellers of any large market cap item are whales on both sides.   The little fish are just people in the stadium with a small stake in the game, .... just because you could afford a ticket to the game, doesn't mean that you are on the field playing.    It's delusional to think otherwise.   

That is exactly what I am wondering about when reading the post above...bitcoin was not moved to an exchange so the conclusion is that this is just another FUD and someone just actually looked for a reason why bitcoin at that time pulled back and they find the transactions outlined above.

But to continue discussing the main points presented in that Reddit post, the same thing can happen with stocks, forex, gold or any other investment vehicle, if you own something no matter how small or big you all have the right to move them anywhere you want to...there is no law limiting an owner of anything (bitcoin on this discussion) what to do and the same thing here in cryptocurrency. All of us have the right to sell and to buy any amount of cryptocurrency we all want as long as we have it or we can afford it. And there is nothing wrong if ever anyone can profit $15 million in just matter of minutes or even seconds.

In addition, to say that it is money for nothing is wrong because if that person has no bitcoin as capital in trading he would not have any gains, and this is quite basic. Of course, not unless we are subscribing to left-leaning ideas.

this was already discussed a ton when price dropped and was debunked too. you didn't need to read something on reddit and make a article about it! it was a misunderstanding plus some FUD that led the started of this whole thing to believe those funds were moved to exchange to be sold. we actually figured out that those coins weren't even moved to exchange, but to a wallet (XAPO to be exact)

It's well known that the crypto whales can manipulate the markets and cause panic selling.
I'm not sure that this transaction caused the entire btc price spike back to 7.8K USD.The bulls were tired and
hype regarding the price disappeared.