Us government has start probe in manipulation in value of cryptocurrency . - page 2.

shadyrifles

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Quote from: rajkr on May 24, 2018, 11:46:30 AM

Us government has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

It's true the price of bitcoin and other cryptocurrencies are being manipulated by this report, The US government has decided to take a look and started a probe into Bitcoin price manipulation. The probe is in Still its early phases, the criminal probe will bring in other agencies, like the Commodity Futures Trading Commission (CFTC), a regulator that oversees bitcoin derivatives according to sources.

rat03gopoh

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sig. code creator start @$10 - PM me!

Speaking of price manipulation means leading to traders, it is certain that the pope has played a role in this. Now it is clear the government only needs to probe the peoples who play in it, not the price.

automaticmoney

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US government is doing a lot of research and blocking all areas where bitcoin truly behave like decentralized trading they want to protect US citizens from bitcoin fake pump

naidray

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Quote from: batang_bitcoin on May 29, 2018, 02:59:08 PM

Quote from: Olatunjex on May 29, 2018, 11:52:26 AM

It will affect the market in positive way, the market price manipulation has become the order of the day by whales.

With what we can see the price surged for a while and is now getting back a little bit so many of these whales are starting to manipulate it again.

The move upward that a lot of people must have seen as a bounce actually seems to me like it is highly manipulated and we are going back down to still go test the downtrend line anyway. I hope this can actually be thoroughly monitored if possible, as sometimes; it is giving the wrong impression.

It seems though that the market even looks more manipulated than fiat as it is or maybe we should get used to the manipulations and find ways to stay safe from making too much activities on the market until a confirmed signal.

Lexurdania

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Quote from: rajkr on May 24, 2018, 11:46:30 AM

Us government has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

Negative news like this will affecting on market psychology and make many peoples panic. But in others side, its good for market condition because next time, trade will be more fair

giarised

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Quote from: RodeoX on May 24, 2018, 01:30:13 PM

I think they are focusing on ICOs and alt-coins, which are generally scams about manipulating price, supply, etc. It would be very healthy for the crypto world if they locked up a bunch of these scammers.

Really going to be healthy, although they made mention of wash trading and some crazy stunts pulled by some high volume traders in the market and how they are going to be traced and dealt with. Actually, it has always been against the law to manipulate the markets, and from the look of things, I guess due to the decentralized nature of the market, some big traders have used that several times to deceive traders into entering a position while turning themselves to mind readers and using that manipulation to enrich themselves.

Stavri

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it is a good sign actually. i dont think it can affect to crypto market in negative way. however the question should be what are they going to do and how can they do it? they will try to check the exchanges that are under their control only. that is only the thing that they can do and it will make no affect at all.

rickadone

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Quote from: rajkr on May 24, 2018, 11:46:30 AM

Us government has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

I was reading this news today and honestly I believe this is a good thing for the space.
The manipulation is obviously becoming annoying and rampant that even the whales end up robbing it on your face.

More like they always try as much as possible to sometimes send the wrong signals so some traders can flop and at the end their stop loss getting hit while they make a huge amount from it. This is crazy and should be stopped and all the things said in the article are pretty obvious and glaring which I am sure so many traders must have seen.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Quote from: LeGaulois on May 25, 2018, 02:50:36 PM

Quote from: Tankdestroyer on May 24, 2018, 06:34:48 PM

Quote from: LeGaulois on May 24, 2018, 03:38:39 PM

But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC

I think they are just wasting their time trying to control every exchange. Instead of probing into the so-called "illicit tactics" of crypto traders, why not they track down "scam ICO's" first? Why focus on "ilicit tactics" when they can easily formulate a more strict regulation or implement regulations on crypto to fiat transactions that will help them limit the capabilities of what they refer to as "Illicit traders"?

Because it's a waste of time. Everyone can buy a domain, hosting anonymously, set up a website and create his own ICO. Even if they try to fight the ICOs market they can do it only in The US. If I am a European citizen why shall I follow an American law? On the top of that ICO is also the new way to raise funds for startups

There are no reason why you would follow an American law, but the laws made in the USA might trigger global action from other countries, to do the same. One of the functions of the SEC is to protect the consumer and if they can shutdown only 1 large ICO based scam, then it would cause a ripple affect in the scammer community.

I want them to make an example of these criminals that are hurting our efforts to grow Bitcoin adoption and this must trigger a global hunt for scam ICOs and Ponzi schemes.

They are breaking down all the hard work that was done, since Bitcoin was introduced back in 2009.

hatsoff2btc

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Quote from: btc78 on May 29, 2018, 07:20:09 AM

Quote from: LeGaulois on May 25, 2018, 02:50:36 PM

Quote from: Tankdestroyer on May 24, 2018, 06:34:48 PM

Quote from: LeGaulois on May 24, 2018, 03:38:39 PM

But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC

I think they are just wasting their time trying to control every exchange. Instead of probing into the so-called "illicit tactics" of crypto traders, why not they track down "scam ICO's" first? Why focus on "ilicit tactics" when they can easily formulate a more strict regulation or implement regulations on crypto to fiat transactions that will help them limit the capabilities of what they refer to as "Illicit traders"?

Because it's a waste of time. Everyone can buy a domain, hosting anonymously, set up a website and create his own ICO. Even if they try to fight the ICOs market they can do it only in The US. If I am a European citizen why shall I follow an American law? On the top of that ICO is also the new way to raise funds for startups

This is the sad reality,thats why this scumbags continues to victimized investors and specially campaign participants who serves as instruments to gather potential victim because of their advertisements.

I have nothing to suggest instead i will Pray that someday this illegal works of this people might end and karma comes to them as part of their sins to others

This is so embarrassing for this human race that we never ever retained something so piety, virtuous and clean. We always want to demoralize and victimize the thing and want to inject out the best results illegally. Right now, hundreds of people are just doing this. Despite being decentralized, bitcoins are still being damaged internally and externally and that is so hilarious.

Omega Weapon

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Quote from: rajkr on May 24, 2018, 11:46:30 AM

Us government has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

While I do not remember reading any reports like that I always assumed governments will try to manipulate the price of bitcoin, the problem is that it is a lot harder than they think if they buy bitcoin to crash the price later they will be investing huge amounts of money only to lose them later and while they can afford that right now, as bitcoin becomes more valuable then that manipulation becomes more expensive.

batang_bitcoin

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Quote from: Olatunjex on May 29, 2018, 11:52:26 AM

It will affect the market in positive way, the market price manipulation has become the order of the day by whales.

With what we can see the price surged for a while and is now getting back a little bit so many of these whales are starting to manipulate it again.

Quote from: Olatunjex on May 29, 2018, 11:52:26 AM

This move would allow crypto enthusiasts have faith in their investment on btc as well as altcoins because whatever happens to btc affect all altcoins, i think frequent dump will reduce drastically.

It's hard to assume that dumps will be reduced, you don't know yet on how the crypto market works if you are into it for a year then you understand how it fluctuates. This can be a boost to the investors but for now it can't stop the dumps.

bengsabeng

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it greatly affects bitcoin prices, they manipulate prices so that prices can be controlled. but to do so requires substantial funds. I think it can only be done by people who have big capital.

weeklyeth

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Us government tired in Ico and now in the blockchain, Us GOVT somehow want to get into their grip of all crypto is currency and bitcoin trading they don't want it to be in decentralised manner

Olatunjex

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Quote from: rajkr on May 24, 2018, 11:46:30 AM

Us government has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

It will affect the market in positive way, the market price manipulation has become the order of the day by whales. This move would allow crypto enthusiasts have faith in their investment on btc as well as altcoins because whatever happens to btc affect all altcoins, i think frequent dump will reduce drastically.

Theb

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I don't think that the news are matching up again. I have read about this before and it is said that the U.S. government is keen on investigating the transparency of the exchanges, they are here issuing about the "fake bids" being shown into their system electronically but not the "fake bids" being issued by traders. You see the thing about fake bids being issued by traders is that bids are always have the potential to be matches fake bid electronically aren't. If they prove that this exchanges are the ones manipulating the prices than that its a different thing as it involves fraud to a higher level.

Kronos21

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It's impossible to track fake warrants. If I placed a sell order and then changed my mind and canceled it due to a trend change in the market. Who can determine this manipulation or not? It's unreal. I see big orders on all exchanges, but they don't affect me. I don't pay any attention to them because they are cancelled until the price of coins approaches their level.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: LeGaulois on May 25, 2018, 02:50:36 PM

Quote from: Tankdestroyer on May 24, 2018, 06:34:48 PM

Quote from: LeGaulois on May 24, 2018, 03:38:39 PM

But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC

I think they are just wasting their time trying to control every exchange. Instead of probing into the so-called "illicit tactics" of crypto traders, why not they track down "scam ICO's" first? Why focus on "ilicit tactics" when they can easily formulate a more strict regulation or implement regulations on crypto to fiat transactions that will help them limit the capabilities of what they refer to as "Illicit traders"?

Because it's a waste of time. Everyone can buy a domain, hosting anonymously, set up a website and create his own ICO. Even if they try to fight the ICOs market they can do it only in The US. If I am a European citizen why shall I follow an American law? On the top of that ICO is also the new way to raise funds for startups

This is the sad reality,thats why this scumbags continues to victimized investors and specially campaign participants who serves as instruments to gather potential victim because of their advertisements.

I have nothing to suggest instead i will Pray that someday this illegal works of this people might end and karma comes to them as part of their sins to others

wuvdoll

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Quote from: dothebeats on May 24, 2018, 03:03:31 PM

In a relatively unregulated and globally-active market, why would the US spearhead the probe into illicit trading? This means they already have interests on the said market and are looking for ways to tax the exchange operators hard alongside the users. What I want the US to do is a major crackdown on illicit ICOs as they're the ones who's causing major trouble in the cryptospace right now, and market manipulation will always be there no matter how many investigations and probes they'd do. Also, have a peek on traditional stock markets and see whether market manipulation is present or not.

They obviously had interest all along, and we know how much they kick against illegal and illicit trading right from the onset. Although they made a valid point, that a manipulated market by investors will end up being perceived wrongly, and let's face it, that is not good.

I know how much manipulation of some cryptocurrencies can be so annoying as a trader just because some whales always see it as an opportunity to use pattern and volume to deceive traders into getting a position and these days it has become a huge risk to trade the cryptocurrency market, but like you said anyway, it is a decentralized market, so all these kind of stuffs are bound to happen.

Bianxee

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Quote from: RodeoX on May 24, 2018, 01:30:13 PM

I think they are focusing on ICOs and alt-coins, which are generally scams about manipulating price, supply, etc. It would be very healthy for the crypto world if they locked up a bunch of these scammers.

Its good if they focus on it actually it has nothing to do with manipulations in the market it will not be out of it. This news has a lot of mean and a variety of emotions that we may feel and thinking that how this really works after all.

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