Recent Bitcoin Volatility due to Binance Hack ? Market Manipulation - page 2.

yoseph

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Quote from: pakhitheboss on May 12, 2019, 07:49:32 AM

No way this is possible, How can Binance control the price of Bitcoin? Where did this come from? Whats price of Bitcoin to do with Hackers who hacked Binance? Where do you see the manipulation?

It is normal for the price to go up by $500 or more, if it can go down by the same amount in a day or couple of days, this is natural and that is why it is called Bull run.

Stop thinking negative and remember this - if the price goes down it will also go up and vice versa.

Cheers Grin

Most of the time, the hacking and theft of cryptos from crypto exchanges tend to have a negative effect on all cryptos but in the case of Binance it seems that the very opposite is happening. There is no market manipulation going on here, its just a strong bull run thats all.

btj

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Merit: 16

Quote from: Pursuer on May 12, 2019, 07:35:17 AM

in case you missed it, Binance is an altcoin exchange not a bitcoin exchange. so your topic doesn't even make sense! you talk about hacker gaining access to people API (which is not correct by the way) and then manipulating the market but then talk about bitcoin price moving up $500! not to mention that a $500 rise or more precisely a 7% rise is not a big deal at all. it is one of the most common percentage rises that bitcoin has specially when it is coming out of a long downtrend and prior manipulation keeping the price down.

Empty your anger on something else I'm not your punch bag Wink

And do not play the little genius like you're expert in everything related to the universe, take your breath and take it easy ... i didn't forced you to comment here, take a little air and do a little sport to relieve you ...

Meanwhile, to answer your questions:
- Do a little reading from here:
https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update

Quote from: pakhitheboss on May 12, 2019, 07:49:32 AM

No way this is possible, How can Binance control the price of Bitcoin? Where did this come from? Whats price of Bitcoin to do with Hackers who hacked Binance? Where do you see the manipulation?

It is normal for the price to go up by $500 or more, if it can go down by the same amount in a day or couple of days, this is natural and that is why it is called Bull run.

Stop thinking negative and remember this - if the price goes down it will also go up and vice versa.

Cheers Grin

I am not negative, just looking to understand this situation before making any move Wink

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

No way this is possible, How can Binance control the price of Bitcoin? Where did this come from? Whats price of Bitcoin to do with Hackers who hacked Binance? Where do you see the manipulation?

It is normal for the price to go up by $500 or more, if it can go down by the same amount in a day or couple of days, this is natural and that is why it is called Bull run.

Stop thinking negative and remember this - if the price goes down it will also go up and vice versa.

Cheers Grin

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

in case you missed it, Binance is an altcoin exchange not a bitcoin exchange. so your topic doesn't even make sense! you talk about hacker gaining access to people API (which is not correct by the way) and then manipulating the market but then talk about bitcoin price moving up $500! not to mention that a $500 rise or more precisely a 7% rise is not a big deal at all. it is one of the most common percentage rises that bitcoin has specially when it is coming out of a long downtrend and prior manipulation keeping the price down.

btj

member

Activity: 115

Merit: 16

Hi,

Since most of the cryptocurrency traders and investors are in Binance, and the price can mostly be followed from there due to the larg coin market cap traded,

And with recent hack, it seem that the hacker gained access to many users accounts using API of users affected by the breach, don't you think that the market manipulation come from there ?

Because the price change by up to 500$ in a period of one day or less.

Waiting your opinion.

Topic: Recent Bitcoin Volatility due to Binance Hack ? Market Manipulation - page 2. (Read 323 times)