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Topic: Us government has start probe in manipulation in value of cryptocurrency . - page 3. (Read 557 times)

newbie
Activity: 112
Merit: 0
regardless on what really happen or happening they learn a minor factors that they can trick some people when it comes to manipulating the prices of Bitcoin in certain exchange but we can not say they have the total control of what prices or value is to publish every now and then.
sr. member
Activity: 714
Merit: 260
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.
Not just locked mate,but this must bring to justice.i have a great feeling that this scammers are same persons that victimizing cryptonians over and over again using new projects one way or another.

Majority of members of this community once become a victim,either investing or participating in bounties.thats why justice must be served and this US action will benefits all of us maybe not for today but for the future
member
Activity: 166
Merit: 12
The US government resembles an elephant in a store with utensils. A lot of noise, a lot of rumbling and little good. When governments only pay attention to the crypto market (not only American), I feel sad, because there are very few adequate initiatives.
copper member
Activity: 2940
Merit: 4101
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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
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
News influences the decisions and feelings of traders and thus the price of Bitcoin.
Personally, I agree with this type of regulation especially against FUD, ICOs, and fake bumping.
If this news is real and the implementation in very large, the price will fall in the short term but will grow healthy in a long time." will be the beginning of the acceptance of the Bitcoin in dealing."
Great views,yes the effect may bring a big dump because this may take a correction but the long term will benefits all of us who trust this community.

If this topic is indeed and there will be a sanction that might happen then truthful market is will be on the go in future,not like now that it seems like a fake marketing,when manipulation is controlling the whole cryptocurrency
member
Activity: 287
Merit: 10
this is the good move will remove he misconception of many newbies that is manipulation of bitcoin price this will remove from their beliefs
legendary
Activity: 2044
Merit: 1115
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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

About damn time. Bitcoin is exactly the type of thing you would expect from an unregulated market and the reason we need these financial regulations. I have no doubt that spoofing and other methods of market manipulation are taking place. Those with the means of manipulating the market for their own gain are absolutely taking advantage of their ability to move the market to their own benefit. After all, if there's no regulation or monitoring of the trading systems, why wouldn't you? These fraudulent practices are still illegal and they still exploit people who don't have the ability to know when they're at the disadvantage. Our whole system is predicated on notion of equal opportunity, and clearly that is absent in this market. I am very interested in how this probe will turn out.
newbie
Activity: 224
Merit: 0
"The investigation is focused on illegal practices that can influence prices --
 such as spoofing, or flooding the market with fake orders to trick other traders
into buying or selling"

They can investigate as much as they want but they are investigating a decentralised
global network, what are they going to find other than what we all speculate, think
and know? And secondly what are they going to do? Wgat can they do?
Very little IMO

anyway i dont like how the markets are manipulated either but as above,
its decentralised so we kind of have to accept it because it cannot be controlled.

The price are fluctuating because of SPF because it is purely  basis on demands  and supply rule.The big players heavily buys or sells then other person pour the money, big playes do the reverse.
newbie
Activity: 224
Merit: 0
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 may or may not do that depending upon the results that it implies on the whole market at at the end of it. I think its anyway good news as it is campaign against the criminal activities involving the bitcoin and crypto currencies. I think it will hamper the criminals not the normal investors like us. Who knows by taking down the unwanted investments in the criminal activity might just increase the reputation of the crypto currencies in perfect way.
So I would say just stick to the plan and enjoy the ride and see where US government goes with this.
Some big players are manipulating BTC price.Future and options crypto currencies trading fluctuate the BTC price most.Earlier  price movement was not limited  to such range for long time .But now its price are hanging  between 6kUSD to 10 K USD.Such investigation may bring more transparency and price hike for BTC.
sr. member
Activity: 700
Merit: 275
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 may or may not do that depending upon the results that it implies on the whole market at at the end of it. I think its anyway good news as it is campaign against the criminal activities involving the bitcoin and crypto currencies. I think it will hamper the criminals not the normal investors like us. Who knows by taking down the unwanted investments in the criminal activity might just increase the reputation of the crypto currencies in perfect way.
So I would say just stick to the plan and enjoy the ride and see where US government goes with this.
member
Activity: 490
Merit: 17
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
Definatly this is going to affect bitcoin and altcoins price because this manipulators are going to pull they find from the market.  This manipulations is not good for the development of cryptocurrencies industry as the blockchain technology was made to be a transparent system and not like the old financial system we have.
legendary
Activity: 2436
Merit: 1362
"The investigation is focused on illegal practices that can influence prices --
 such as spoofing, or flooding the market with fake orders to trick other traders
into buying or selling"

They can investigate as much as they want but they are investigating a decentralised
global network, what are they going to find other than what we all speculate, think
and know? And secondly what are they going to do? Wgat can they do?
Very little IMO

anyway i dont like how the markets are manipulated either but as above,
its decentralised so we kind of have to accept it because it cannot be controlled.
hero member
Activity: 1344
Merit: 502
That article is correct a lot of ICO's are illegitimate in that they don't deliver what they promise or are a straight out scam and eliminating these would be healthy for the market as a whole just as much as regulating exchanges to eliminate manipulative trading activities
full member
Activity: 504
Merit: 102
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



First of all no one should manipulate the price of crypto currency. only the investor and trader or miner of crypto has able to make a motion for moving up and down the price do not believe to the news that there is one agency to manipulate this.


Exactly, i believe that no one can manipulate the value of coins in market capitalization. Because its purely people of cryptocurrency who invested in a big capatal will create a massive price up and down which the volume affects the whole stocks exchange in the market. However, it should be part of US protocol to start conduct an arrest warrant for those members of cryptos who are scammers to avoid victims of scam ICO.
member
Activity: 378
Merit: 25
yes it will slightly affect btc, the question is, is it good or bad? is it to increase or decrease investments? if this probe is legit, some ICO will be regulated, it will boost trust on the community, trust in bitcoin, which will result in increase in buying btc, so the price will tend to go up which is obviously good for the traders, it is going to be a good chance to earn more profit.
full member
Activity: 532
Merit: 100
It sounds pretty awesome tho, but actually it must be secret. So anyone who will going to do it doesn't even know if there are some government will spying at them. Well,  about the price it should be a lot of changes then. I hope this thing will happens in each country so they can work together for bitcoin prices.
hero member
Activity: 1106
Merit: 638
Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC

Technically, any news about bitcoin can affect the price.

But let's be clear about what's going on here. The US Justice Department ONLY has jurisdiction and capability to investigate manipulation int he futures markets, which isn't related to the blockchain at all. None of the futures trades ever touch the blockchain, therefore any manipulation of futures orders cannot directly impact the price of bitcoin on the blockchain.
newbie
Activity: 266
Merit: 0
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



First of all no one should manipulate the price of crypto currency. only the investor and trader or miner of crypto has able to make a motion for moving up and down the price do not believe to the news that there is one agency to manipulate this.
legendary
Activity: 3500
Merit: 6981
Top Crypto Casino
Yes. sadly US government know what are the value of crpytocurrency especially in the future thats why they manipulating it.
They're not manipulating it.  Read.  They're looking into possible market manipulation and as RodeoX has pointed out, it's more about the ICO market than bitcoin.

I suspect that if this news is going to affect traders' behavior, it's already been priced in.  I'm not a firm believer in efficient markets, but in this case I don't think we're going to see any ups or downs because of the US government "probing" anything.  

Dammit, we do need some good news.  The current price of bitcoin has my toenails curled for about 14 hours per day.
sr. member
Activity: 1400
Merit: 269
This could actually be a good thing cause scammers will get what they've deserve and not freely doing illegal things like creating fake ICO's, causing FUD and cloud mining sites this is the reason why most people call crypto currency scam. The price fall because of this but it will have a good effect in long term basis.
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