Topic: Speculators From Venezuela Try To Increase Bitcoin Price By Spreading False News (Read 863 times)

You'd have to be pretty goddamn dim to fall for a few random facebook posts. The sad thing is that plenty of people do.

I think that the true problem is not the creation of false news by various speculators or criminals because this is the only thing that they can do better that anything else. The problem is the media who "discover" this kind of news and "run" to publish those without thinking twice or without verified those. I know that exist a primary rule in journalism that told that any kind of news cannot be published if it is not verified by at least two independent sources. If this rule of journalism would be make true by every responsible media, such things cannot happen. This is more risky when those who make such things are international media. If are such kind of media who publish such kind of things and don't respect the most basic and elementary rule of journalism the situation is very serious.

Oh OK, this makes sense. So they wanted to make people in Venezuela feel that they won't have time to buy bitcoins since the government will forbid and block any way of doing so. They counted that people will rush to the exchanges shared as hell.

So did they make their plans come true, the government? Or nobody has reacted. What has happened exactly?

it would make more sense in manipulating the price of alt coins instead of Bitcoin. Litecoin for instance is easy to manipulate as we have recently seen when Chinese speculators pushed to price to almost eight dollars.

In Venezuela the exchange market its controlled by the Government, Its very hard to get foreing currency, the only way is buying in the us dollars or euros on the black market, The only way u can buy Bitcoins in Venezuela and if you dnt have a bank account overseas is trough Surbitcoin.com an exchange that allows you to buy bitcoins on Venezuela Bolivar.

They dnt want to push the price of Bitcoin globally, they want to do it on Venezuela.

How can a dozen or so speculators cause an increase in the Bitcoin price? If they are talking about the local Venezuelan Bitcoin exchanges (are there any in Venezuela?), then it is believable. However, I don't think that Venezuelan short-sellers will be able to influence the exchange rate on a global scale. There are simply too few of them.

Yeah, I am little confused why these people are called as speculators then Increasing price need mass adoption surely, and how can people want to use bitcoin if government is banning it?

How silly, this news wouldn't spike the price! Word that a government is going to block the use would hurt bitcoin, by far. Spreading news about large companies or governments supporting and accepting  bitcoin would be the best news to help the price, by far!

Increased adoption is the sure fire way for the price of bitcoin to increase - awareness creates more demand and as we know the supply of bitcoin is finite.

A group of speculators from Venezuela residing overseas create false rumors about bitcoin being block by the government so they can increase the price and benefit from it.

Rodrigo Souza owner of the biggest bitcoin exchange in Venezuela Surbitcoin.com and Randy Brito owner of bitcoinvenezuela.com and facebook.com/btcven and Angel Leon owner of diariobitcoin.com start with a social media campaign saying that the Venezuelan Goverment was blocking Bitcoin sites all with the intention of increasing the price creating panic between users of bitcoin in Venezuela.

The false news get to international media and they post about the blocking within minutes.

All this was denied by the Venezuelans but this group of people continue to confirm that all the websites related to bitcoin were blocked with the intention of increase the price, they were left like lairs when dozens start commenting to do not believe this scammers.

Two days pass and they are silent and not talking about what they done, no apologies, nothing...

Only organized crime act this way.

All this info can be find on the internet if you google, im only posting this here so we can discuss about how if you control the media and the exchanges you can speculate and increase the price.
Randy Brito that uses the bitcointalk btcven cant comment on this post, he is ban from commenting in all my posts because he is a scammer.