Bitcoin Forum

There is a huge-ass wall of like 1200 BCH-BTC buys on Bitstamp, to ensure that the BCH won't go below 0.21 BTC, causing BTC drops whenever the BCH drops... manipulation again. A real whale willing to buy so many, would have bought much lower yesterday.

I wonder if there's a similar wall on other exchanges? It's not too abrupt on Bitfinex.

I see a lot of walls popping up & disappearing all the time in BCH trading - from all sides to make prices pump & dip. More than usual.

It's coinbase trying to buy enough to fill all the newb wallets registering and buying 3K bch

50K new wallets a day hitting coinbase

why do you think it took them 3 days to open it up to the public

Why would Coinbase buy on Bitstamp?

When someone buys on Coinbase, it matches a seller on GDAX (I assume)

Buy wall possibly starting on Bittrex , too. Interesting anyway. ugh.

there's so may new players and uneducated bankers who's trying their massive resources to bend the score a little. you think its coinbase, coinbase might be the smallest side in this situation  8)

Everyone seems to be in hodl mode on both coins, so we should stay relatively stable over the next few days anyway despite the antics.

such not fair situation in trading. i actually not realize that happen in trading.
i see also sometime this trick happen but not in bch, it is in other altcoin. if continue like this, i think only the whale will get the profit.

I won't be that surprise when it continues to trick crypto users nowadays. Risks get higher and higher every time such new alts are created. New coins are not only confusing but also it contributes to slowing of transactions. Those traders who starts to boost BCH, hope you get lucky, or else you might end up losing your own capital. Bch is not really a good investment in my opinion, it may be cheaper and faster but I think it's just because it's new and few are using it but there is never an assurance that it will take long to stand up. Bitcoin will gain more when everything is fixed.

This is why we need some kind of regulation in the cryptocurrencies space else these manipulators and big whales will fool new users. For example BCH was above 8000$ for a while on gdax many new people bought that thinking of making fortune instead they lost a fortune. After some time it was stable around $3000 and people just realised it was just a market manipulation.

You must do nothing, don't buy or sell it would be best move against whales otherwise you can't cope with them.

The whales has been manipulating this market and we should expect this to be part of crypto currencies market since the market is decentralized and there is no regulately agency to control the price. Bitcoin cash teams are trying everything possible to make bitcoin cash the original bitcoin and this manipulation is one of there tools. I don't think this will last for long as other competitors are entry into the market and many interest is being built up around crypto currencies.

Manipulation is nature of this market and whales love it so  you shouldn't complain about it, try to get some money from those whales  :)

I also think that we are seeing another manipulation. They will not allow BCH to fall under 0.2BTC, but this is false man-made price, because BCH doesn't have real and everyday users.

Their strategy also worries me. They bump too much.
It's an damp coin. May be it have an active team behind it.
But its they are selfish.

i think thats not a manipulation anymore because bitcoincash is indeed a good alternative coin next to bitcoin with lower transaction fees and faster transfer therfor people are now switching on it to be able to save their selve's in a hassel that bitcoin could cause. that is the other reason why bitcoin has slowly drop while bitcoincash on the other hand has dramatically increased and expected to pump again for the second time like it did last month.

It cann't be denied that manipulation is fair in the cryptocurrency market and I admit that BitcoinCash has a great manipulator
Don't be surprised if you find it because a similar wall is almost present in every exchange when FOMO occurs

If you talk about bch is not very good investment then i have 50: 50 about this. I still confuse in my mind.
Anyway, that trick is very good for whales but bad effect happen to most of small trader like me. I can say it is like cheating but nobody can stop it.

Yes, BCH is pretty beheld by the whale to manipulate.

Just don't buy into it. Its happened before. Just buy altcoins you actually believe in.

'Fool me once shame on you, fool me twice.... if you've been fooled you can't be fooled again' - george bush

I agree that it doesn't make sense for coinbase to buy on bitstamp.
As for the manipulations: how can bitstamp make a difference if it has less than 3% trading volume? I don't think that's enough to affect the price. Bch market used to be concentrated the the hands of South Koreans on bitfinex but even that is not the case right now, since bch is now mostly traded for USD and bitfinex has only 14% of the volume. Perhaps bch is up, because it's just like bitcoin but with lower transaction fees, so people turn to it to operate with their money.

It not new for bitcoin cash manipulating the market. They done this before when segwit2x fail and they spike. A lot of people also in pain. Bcash will never replace bitcoin. Especially if bitcoin developer can resolve the transaction fees.

Funny, while there is very low volume right now on Bitstamp, I see big walls popping up, and suddenly big volume buying those walls.

But I think I get it: for the BCH introduction, for some time, Bitstamp has no fees. It's probably people buying their own wall..