Possible Bitcoin manipulation by banks - page 4.

pugman

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Quote from: hypersonic1 on October 08, 2017, 02:54:59 AM

So now that large Banks and investment firms are starting to get involved, do you think they will try to manufacture crash and correction scares to trigger more doubt and an exodus of "the weak hands"? For some reason I feel like we may see this kind of game play involving bitcoin, unless the exchanges try and do something about it. I know many exchanges have limits to help both themselves and market fluctuations. But imagine a massive sell off that kpe bitcoin at the same price for years or made it go down severely enough to trigger worry among even veteran users.

is this possible?
should more precautions be taken against greedy abuse of the system.
is the system already to resilient to be messed with by them.

thoughts please.

Banks are getting involved with block chain technology is because they are interested in it and a unique terminology they haven't seen yet. They want to develop their own crypto and oppose it against bitcoin because they don't like bitcoin but they like block chain at the same time, such a wuss, officials from centralized institutions turn out to be in real life.

Marileno

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Of course some market participants (banks or otherwise) will play the game and look for edge. It would be naive to think this is not already occurring in some shape or form, but will obviously increase as the market grows. This should only be of concern to you if you are a trader and basically competing with them. For everyone else who is just holding what they do short term will have no long term bearing on the value of our assets.

Pursuer

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Where is my ring of blades...

Quote from: hypersonic1 on October 08, 2017, 02:54:59 AM

So now that large Banks and investment firms are starting to get involved,

getting involved with what?
with bitcoin? where is your reference?
with blockchain technology? that has nothing to do with bitcoin. don't confuse the two.

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do you think they will try to manufacture crash and correction scares to trigger more doubt and an exodus of "the weak hands"?

the manipulations have been happening all along. or maybe you missed all the recent "China banned bitcoin and mining" FUD! or maybe you missed the previous "Bitcoin will split and die" FUD! or maybe you missed other "China banned bitcoin" FUD, or the last year "Bifinex was hacked bitcoin is dead" FUD Cheesy

you see, manipulation is nothing new. you think that JP Morgan CEO who said some BS was not manipulation?

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is this possible?

it is possible and it is happening but severity of things like this have a limit. you can't really push price down after some point the same as you can't push it up after some point. there is a whole lot of market, and it becomes harder as it grows bigger.

hypersonic1

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Endless Horizons!

So now that large Banks and investment firms are starting to get involved, do you think they will try to manufacture crash and correction scares to trigger more doubt and an exodus of "the weak hands"? For some reason I feel like we may see this kind of game play involving bitcoin, unless the exchanges try and do something about it. I know many exchanges have limits to help both themselves and market fluctuations. But imagine a massive sell off that kpe bitcoin at the same price for years or made it go down severely enough to trigger worry among even veteran users.

is this possible?
should more precautions be taken against greedy abuse of the system.
is the system already to resilient to be messed with by them.

thoughts please.

Topic: Possible Bitcoin manipulation by banks - page 4. (Read 993 times)