Bitcoin Forum

https://www.thesun.co.uk/tech/6531388/bitcoin-price-manipulation-crypto-scam-tether-bitfinex/

Better dont. Its just a scam, no more. It has not got any better, than mt gox. If anything, it goes only worse. BTC is possibly the biggest monetary crime of all time.

that everyone is waiting for the BTC to rise again and so we can recover and this is the right time for us to invest in the BTC

That doesn't make any sense at all. Sure, Tether(USDT) could actually be illiquid(as speculated by some, due to the lack of audit), but calling bitcoin a scam just because some people are able to manipulate the price of BTC through Tether(USDT) is utter nonsense.

the Tether nonsense FUD is starting to get too old. you should try coming up with some sort of new FUD to spread in hopes of a lower price so you can make short term profit from bitcoin.

https://www.ccn.com/tether-no-real-impact-on-bitcoin-price-university-researcher/

A few things:

Firstly, that particular gutter rag you're linking to is not a source of journalistic integrity.  You might as well just ask Rupert Murdoch what he thinks directly.

Secondly, any problems with Tether and Bitfinex are precisely that.  Problems with those things and not problems with Bitcoin.  Tether and Bitfinex could both disappear tomorrow and Bitcoin would continue to churn out blocks and function as normal.  

Thirdly, people manipulating the price is nothing new.  To be blunt, who honestly cares about people who are waiting for the fiat price to skyrocket?  They're not overly important in the grand scheme of things.  None of that hollow gambling detracts from Bitcoin's resilience, security, freedom and utility.  Contrary to popular belief, Bitcoin was not designed as a tool for speculation.  If you think it was, you're missing out.  Greater future purchasing power is just the "icing on the cake".

And finally, the derivatives market is currently the biggest monetary crime of all time and you're frankly gormless if you can't recognise that.  

Why is there so much negativity around? The cost shall rise even after all of this, might if I call. propaganda towards the Bitcoin!
This year will allow only the believers to enter the big world of it, and the rest of the world will watch next year!

I recommend very strongly at least some basic source criticism! I picked very carefully to post article from more or less neutral source, You answer with a counter-argument of crypto-enthusiast source! CMON!

Its not. You just need some mathematical thinking, to understand the proportion of speculation and manipulation in BTC price. This is all money, someone has to lose, because criminal activity!

1) I agree, I have to work further with this lead.

2) You have a lot of merit, You know very well, how things are linked and how much BTC can be manipulated via change platvorms.

3) Price manipulation combined with this easiness-anonymousness-amount is quite extraordinary. I dont know why BTC was created, but I know, how BTC mining was created. As a pyramid.

Hello,

Really an non-sense correlation between Thether and BTC. Thether could potentially be in trouble due to lack of audits and bad use of it just to make profits.

BTC is a real technology that have much more power and interest than only his value. Yes the price has lots of volatility but this is the consequence of people and whales investing in it just to make profit without taking in consideration the use of the blockchain itself for so many uses.

It is not only a paper action or in a computer, it is a technology.

If volatility is a scam then what is classic stock exchange ??

Fair volatility is not scam, but market reaction to news, supply, demand, macro-economy etc. Systematically planned volatility always scams someone, either buy cheating their assets out at too low price or selling them something overpriced.

Put simply, mining was a crucial ingredient in solving the double spend problem without putting a centralised entity in control of the network.  It also helps ensure there's always more financial incentive to follow the rules than to attack the network.  It's likely we wouldn't be here having this conversation without that particular element of satoshi's creation.

Also, rather than posting multiple replies in a row, it's generally considered good form to make one post with multiple quotes in it to respond to each point.

if you bothered enough to read the article instead of putting your head in the sand and scream your FUD some more, then you would have seen that the article is referencing an academic study done by economics department of a university in Australia and published in an economics journal.

Exactly. If mining is crucial ingredient, then BTC is either badly planned product or created as cheat. Because mining in this way is NOT VIABLE PROCESS. Mining ROI approaching to zero at high speed and mining complexity approaching to infinity quickly. Blockchain size doubled every 1,5 years, even with number of transactions standing at place!! If BTC will not get additional traffic, blockchain size would still be 180 TB in 15 years!!

I encourage everyone to just post valuable and positive information about bitcoin. You are not helping the community in making profit and building a good name for bitcoin. If you don't have any positive news to post just don't bother posting it. We are all here for the development of this technology and some of us are trying to destroy this awesome innovation with these kinds of negative posts. If bitcoin will skyrocket only those people who believes in the technology will surely profit.

If You gave me Nasdaq article, we would not had this issue. I dont read any pro-crypto articles, that come from crypto-enthusiast sources, that is pointless.

Anyway, thanks, I will study background of this lecturer and his study more closely and leave answer to this open at the moment.

I disagree with OP since I don't think btc is not a scam and a monetary crime as mentioned by the author. However, I respect your opinion since everyone is entitled on their own. Most of the investors are into holding btc since this will not only stay in this current level instead btc will make a rally in the coming moths where it will improve it's price value as expected. There are more btc supporters than haters and it is expanding day by day where I think it has a very brighter future ahead.

Of course we are waiting !!  It can not be in any other way.  If you look at the statistics of past years, the more interest rises, the more will be its price.  Especially now there are many bigger farms that are not just Bitcoin mines and other crypto-currencies. ;)

I think you just don't understand what blockchain is and how it works. Bitcoin simply cannot technically fool the user.

In last one week i have read maybe 25 news about this topic and now i don't really know what to believe. The bitcoin is a bubble and it will explode, or the bitcoin will be million dollar worth.. I don't understand why the people make too many speculation about it.. I think the best answer for my problem is not read any news anymore :)

Well, then that only means that you're obviously just purposely blinding yourself from the actual positive characteristics of bitcoin or cryptocurrencies in general. I'd take any bitcoin skepticism any day, but that's just being a total hater. You're not going to gain anything from thinking that way, just to let you know.

Well, I am not expecting the skyrocket but I believe that we will see sustainable growth in the coming years considering the potential of this technology. No one is going to support overnight artificial boost by the big whales and institutional investors but sustainable growth can definitely help this industry in the long run. Legal recognization would accelerate the process but it is not the required things for it.

Wow, thanks for sharing the latest news, only half a year old. There is no evidence that Bitcoin is manipulated any more than other markets, after all, where there is an opportunity for manipulation, people will surely exploit it. Also, the website is known for extreme clickbaiting, inflating the truth and outright fabricating stories. Believe it when it's proven, not when it is rumored.

first of all The website showing porn ads in their website, I won't be taking their content seriously and for the manipulation part yes we know the price is manipulated as the crypto market is very tiny at the moment and anyone with big money can manipulate its nothing new in that.

But that does not hinder the credibility and value of bitcoin it will have its rally again not parabolic maybe but it will grow steadily for sure.

You can not say that BTC itself is somekind of crime.
Crime is to manipulate the price and take other peoples money , but on other hand since it is not regualted yet, one can argue that it is not a crime techniacally.

Mt,goX will be over at some point of time and BTc will go up again but it wont hapen in few months, i would say 6 months.

It seems to me that you are not well versed in the crypto currency. Do you think that Bitcoin might turn out to be a fraud? I can say with full confidence that you are wrong

I have always liked these interesting uncertain groups people, who  like and hate with approximately the same strength

Another fake news and miss interpret by article writers and plus some FUD people who want bitcoin to dump more, This is not happening LOL! If bitcoin falls, so as the entire crypto market. Bitcoin will still rise just have faith to it.

Bitcoin has stuck in place for $ 6000 for a long time. This is a sad time when investors and Bitcoin traders do not know where to trade. Therefore, the boom of Bitcoin again is what everyone wants.

When it comes to investors, maybe they are frustrated as to when the price would skyrocket again while those bitcoin traders has the option to either trade in this market or they would just wait for the market to get better. There is still a lot of opportunities when it comes to the market because there is still a fluctuation and this is where the traders would come in. It depends on your strategy then on how you can profit from this kind of market.

the thing about bitcoin is that whether you like it or not, or whether you predict it or not, the price will rise up and eventually end up having another skyrocket and a resulting bubble. that is how the bitcoin price will act for many years to come, until we reach mass adoption.
all these short term fluctuations, and nonsense FUD about tether,... are for the newbies who try their hands on short term day trading. otherwise the overall trend will remain a rising one.

Well said! O strongly agree on this statement. I see that the hard times is passing and I beleive that the new history will come on the crypto feild we only need to have patience this dip is a normal thing and we already experience pump and dump situation before. And many more things may come or happening on crypto feild but only one thing is certain "market will never fall forever and I believe that crypto will really rise soon.

I am now in the state of confusion whether FUD's is true about the fall down of bitcoin or the speculation of the many about bitcoin market price bull run. Anyway, I should be ready to anything that will going to happen. Still I do hope that bitcoin market price bull run will going to happen.

It's about each other's different perspective about bitcoin prices discussion. And i think this is possible but there is also a possibillity that bitcoin price may increase, as we look at the bitcoin's yearly price the history is it increases yearly.

Studying blockchain is as easy as learning in making food, it looks like you still need to dig back the knowledge of blockchain and bitcoin. If you get good benefits then you will think positively and will be greedy to get it.

All FUD is nonsense. I would like the forum administration to be more strict against these kind of posts. The reason being that these kind of posts might appear in higher positions on Google because of the authority of this forum. At such, baseless FUD against crypto should be deleted.

The last time the moderators started to selectively deleting the FUD, Roger Ver and his minions accused them of censoring the forum and freedom of speech..la la la. You will always find people with hidden agendas and this forum is no different than any other platform.

The right way to handle this, is to get a bunch of people on the forum that will counter the FUD with truth and facts, like it is being done in this thread. Someone reading this, will see the responses and they will know it is FUD.  ;)

it is a very good thing that the forum is sometimes filled with a lot of FUD like this!
it only proves that idiots exist and it helps everyone learn more about them. one thing that is very good about forums is that when you make a post it has a timestamp and it stays there for as long as that forum is alive! in this case you can see that this topic was posted 2 months ago and price has gotten stable and the volume is high showing accumulation. and soon enough you will see the rise and that proves the idiocy of the starter of this topic and anybody who believed him.

as a fun project you can always go back and look at old topics that were started very similar to this one. they all exist and if you search on google you will also find them. they all show the idiots throughout history who desperately tried spreading FUD like OP.

For those unfamiliar with UK media, the sun is a joke newspaper fill of BS news and naked ladies, just ignore the shite and consider it an interesting read

Just the opposite. I understand better, than an average person, how blockchain works and thats precicely, why BTC can be cracked now and even more so in future. To "crack" BTC transaction You need to create a false consensus between validators. This sounds impossible task to do and it is indeed quite... improbable now, but it will change in future. The reason behind this is, that BTC CAN NOT remain decentralized, as blockchain is growing exponentially, doubling it size roughly every 1,5 years. Only VERY limited miners can (profitably) do it very soon.

You will just see, how right I am...

These "old" news show, how vulnerable is "decentralized" concepts. Now too, no one quarantees trustworthyness of exchange mediums.

I believe porn ads come from Your own browsing... habits?:D The Sun itself is quite well known mainstream news platvorm.

Absolutely, as soon as i saw the link to the SUN site i straight away knew
not to take it seriously. The article is just sensational garbage.

The opening paragraph is indecisive by using a little word "may" (because it is inconclusive)

"THE SPIKE in Bitcoin prices last year that saw the virtual currency peak at almost $20,000
per coin may have been a result of shady price manipulation, a new study has found.'

I didnt bother to read further.

So You say, BTC price peak for few days at the end on 2017 was not a scam, but a healthy market reaction?:)

Right. They only speak according to their brains and do not understand how bitcoin grows strong. They assume that when the value of bitcoin drops, it means that bitcoin has been abandoned by its fans. Lol

Everyone has their own interests, even though the price is $ 4000 / btc I don't hesitate to buy it again, because bitcoin is still needed and will run as it should.

Oh Plea-ease! If You want to be blindfolded, go ahead. At least dont speak nonsense...

BTC is not abandoned, neither it does not grow anywhere. https://bitinfocharts.com/comparison/bitcoin-transactions.html

Same whales and "microinvestors" move same amount of transaction for last 2 years, only blockchain grows and grows.

This is how the whales got their money: https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

And all that happens now: they are selling their coins away for real hardearned cash for idiots, who then again, try to find a Greater Fool for recovering losses...

Not my arguments are "lol", but the "investors", who bought BTC at 17K and ofc course John McAfee for promising to eat his own dick, if BTC wont reach to 100K.

I'm a trader, and I have my own analysis. I don't see anything wrong with bitinfocharts.com (https://bitinfocharts.com/comparison/bitcoin-transactions.html) based on transactions, some people hold it back. You will understand my point.

Many traders are afraid of losing their money, but that is an opportunity for some people. I would not say that bitcoin will be a "bull run" but I still have the belief that bitcoin can make money. https://coincheckup.com/analysis/github

I don't see any signs of btc falling in the nearest future. We are now in the bear market, and I must say it's way weaker now compared to the previous one. This makes me think we're not yet at the bottom. But again, btc has an unnaturally strong support at $6000, as if somebody doesn't want it to fall below that mark. So we may see a long-long sideways until btc finally starts to grow. But it's highly unlikely btc will scam, at least in the next few years.

There's nothing you can do about it. Even if you'll run a signature campaign saying bitcoin is a scam is still useless. True believers of the technology will remain strong despite the FUD circulating in this forum such as your post.

I just wonder whats your personal motive in spreading such negative topic. I can clearly say that you're one of the haters. Peace!

Monetary crime, ha, ha!  ;D
What a fullish posts people are wrighting.
Before you come here with such theories you better inform and educate yourself. Also, from your bitterness I would say you've suffered some losses but don't blaim Bitcoin for your bad financial decisions.
That reminds me on people who lose on stock exchange and blaim other for that.

The recovery of the BTC and cryptocurrency markets will take a long time, and many people think it will take at least two years!
HODL's own cryptocurrency, for two years, can expect BTC to take off!

I think that this news is old and has been denied, so it is not important, and there is no impact on the market, the situation is now stable

Very good question. My personal motive is ... quite hard to explain. I have never bought or sold a single satoshi. I assume, its just my internal compass of justice. While 90+ % of posts in this forum are BTC-positive, as long as they let me, I write critical posts, because people have right to know the risks, when they give a real money away.

BTC can not be scaled, I have argumented this is so many posts, Im not going to do it here again.

FUD? Well... much smarter and greater men share my opinion. https://www.bloomberg.com/features/bitcoin-bulls-bears/
You may want to read the quotes there... What if they are not wrong? what if IT IS the biggest scam in human history? What would be the value of my purpose then instead of "FUD"?

No matter what you say, those people who are waiting and bought at the top will always wait for it to happen because they don't want to lose all of their tradings.

Some of the experts believe, that DLTs will have a massive part to play in the future of BTC. It might lead to public open ledgers and their native cryptocurrencies like bitcoin replacing the fiat currency system, and a growing share of the public transitions from government-issued currency to public cryptocurrencies. In this scenario, BTC is likely to go up and up. We'll see if it's true, anyway, to my mind, bitcoin is very unlikely to "die out" or go down a lot.

Some may actually have a brain, I do believe in human adaption.

Btc is definitely not a scam, although fraud is possible in the blockchain field. However, btc is a great investment opportunity, especially now, when the price is close to the bottom.

i read the article and i must say it doesn't add up. Bitcoin will skyrocket again and now that bitcoin price is down, it is the best time to buy more. I advice to buy now that price is down

Btc is different from other cryptos because btc is a highly volatile type of coin . that simply means it can fluctuate from time to time in just a matter of short time  therfor there's no really need to wait for two year or more just to experience an increase .


its not new to see a fake news like this but no matter how many fake news they will release , i think people are already immune with it .  public knows that this is just another tactic to take the price down .

Anyway , the price is already down so there's no need to worry .  lol

It seems to me that this is just a stuffing of negative iformation. in the near future, bitcoin will become the main crypto currency in the world

In essence, when the price of Bitcoin falls, there will be many people who continue to blaspheme Bitcoin, and in the end their goal is only to give negative news to Bitcoin holders so they all panic and sell Bitcoin at low prices, so people who give negative information about Bitcoin will get fortunately, so this is news that has been around for a long time, so don't be fooled easily by the media.

I really dont think so. BTC wont see year 2020.

I still do not support news about bitcoin of a negative nature. In addition, many do not have a really competent justification. Therefore, I still have no doubt that bitcoin will meet the expectations of investors and become a world currency leader.

To those who wait BTC to rise again is better not to expect too much so that not to feel hurt. Yes there is possibilities of increasing its value but we don't totally when and how? Let us put in mind that investing is risky that is why it is good to think twice  every decision you've make.

According to some data, the bitcoin may reach the 8k mark by the new year. But at first it can sink to the area of 3k. Need to type overclocking. I think this is very likely.

Bitcoin is far from scam. 2018 filled with many fake news and it surpress bitcoin price. I dont believe bitcoin is a scam and high fluctuation price in bitcoin is very usual and its happen several times since bitcoin created and traded. I think we should confident with our own investment and hold it for long term

which must be faced with market prices falling and prices going up, if you are not sure about investing in bitcoin then don't invest. those who are brave and willing to deal with risk patiently will surely get satisfactory results.

I warned against this in January
https://bitcointalk.org/index.php?topic=2854326.0