Bitcoin Forum

A very good solid write-up by David Gerard showing exactly how the bitcoin price is manipulated and people are cheated.

If you do not want to read the whole piece this is the important part:

When you buy normal securities or commodities, you assume that the trading environment is regulated sensibly, and that the exchanges keep to the rules set by law and, fundamentally, won’t mess you around.

You can’t assume this at all in crypto trading. This is what “unregulated” means.

The important thing about securities regulations is that every single one is there because someone ripped a lot of people off that way. They ensure market integrity.

(One glaring example was the 2016 collapse of iGot in Australia, which hit a lot of small-time retail investors: “I just assumed that since they’re in Australia there would be some sort of safety net or regulation or something like that — bare minimum — where he could be accountable for his actions.”)

There are various shenanigans that are banned on real securities exchanges for good reason, but are standard in crypto:

wash trades — where you trade with yourself, to pump the price up or down, or just create the illusion of trading volume. You could literally do this in the Bitfinex trading engine quite recently.
spoofing — where you place a large order to create the illusion of market optimism or pessimism, and cancel as soon as the price gets anywhere near it. This is endemic on Bitfinex and Coinbase/GDAX.
painting the tape — like wash trading, but with two or more participants. Mark Karpelès admitted in court that he had been using the “Willybot” to pump up the Bitcoin price on the Mt. Gox exchange during the 2013 Bitcoin bubble.
front-running — where an exchange operator takes advantage of a buy or sell order before other customers can.
insiders with access to the database trading on their own exchange — Bitfinex officers trade on the exchange themselves. They state that they avoid conflicts of interest, but there is no oversight or transparency on this.



The full piece is here: https://davidgerard.co.uk/blockchain/2017/12/17/why-you-cant-cash-out-pt-1-why-bitcoins-price-is-largely-fictional/

Not only bitcoins but alts too.Just look at the bitcoin cash, how it went up.All because of the coinbase employees who knew about the decision.
In just 5 minutes it crossed 3,000$


And look at the market cap of bitcoins, in just one month it reached 300 Billion from 50 billions.Someone with lot of money is juggling with price.

Brace yourself, a big storm is coming this new year.

Well said

I think that is true, some people predict it. which unfortunately the price of some altcoin like ETH drops when bitcoin down. sales systems in some markets are also disrupted. I do not know for sure this is true manipulation or not

If there is evidence of this type of behavior it is likely that either new "Cleaner" exchanges will emerge, or regulation will come into place to try and stamp it out. Unfortunately human nature being what it is certain people will try to cheat - but you can always trade outside of these exchanges with local parties. Bitcoin is after all a peer-to-peer currency.

I knew for bitcoin cash even before they pumped it so much, some guy told me that this value will get overpumped because he knows politics but bitcoins and altcoins not so much, and also he said that japan and china have a lot of money, also bitcoincash got in value because of coinbase, it'll also happen that with ripple, dash, monero...

gl

The challenge for investors is finding a reliable source of information, rather than some version of “alternative truth.” Many of the leading cryptocurrency news sources are owned, backed and/or written by bitcoin boosters — individuals or organizations who will profit from you believing their very positive version of the bitcoin truth.

spend $ 1 to $ 17k yes of course that the price is manipulate but as it brings a lot of money to everyone, no one complains

according to many people, bitcoin futures in traditional financial markets are dangerous because they are the only way to put down the bitcoin itself.

Manipulated or not, i am as small trader just follow the wave.
I think the only our job as trader is just predict it and looking for reliable source information.

 I think China does a lot of manipulation. Also miners and some exchanges are culpable in using their resources to direct traffic and trades.

The so-called manipulation, that is, with a small volume can be about the price. The smaller the market, the greater the possibility of manipulation. The more chips the big dealer collects, the more he can control the up and down at will.

The specific method of manipulation, are generally used a lot of money to buy and sell between different accounts. As long as the illusion of rising prices is created, other holders will not usually sell, which is equivalent to the market lock-up.

However, if the volume has been very small, this transaction continues, the manipulation of people is out of stock. So at this time you need to create a variety of news, information, access to media attention. Finally, in the excitement of everyone's money with admiration, everyone feels unlikely to fall, the dealer shipping.

yeah people can manipulating if they have much stock in their wallet and because of that the price can being play with the higher stock

I strongly agree, you have exactly stated the dark side of bitcoin and other cryptos.
Price manipulation is the most worst thing happening in the bitcoin market, the market is in control of early adopters or whales, they are doing what is beneficial for them by crashing the market and then pump it again.
I have also written a small article regarding this, check it out here is the link https://steemit.com/cryptocurrency/@malikusama/why-bitcoin-s-price-is-falling-drastically 

Yes, I agreed to OP. This is one flaw of the unregulated market. We just have to be careful not to buy into pump and become bag holders. The only coin I don’t mind buying in the pump is BTC since I am holding for the long term.