Bitcoin Forum

As we saw yesterday, someone coordinated a 20,000 BTC buy across 3 exchanges all at the same time.  

No big deal, I could do the same thing with my desktop pc and 2 laptops.  But the point is that someone with $100 million to play with is out there working the markets.

And I say good.  Pump the price of all alt coins so I can make a nice profit!

All I ask is that these market manipulators PM me and let me know which coin to buy before they pump it, and when to dump it.  I'm not going to share the information with anyone, that wouldn't be good for my profits!  Thanks!

Could you post a Screen Shot of this? This is the only time that I heard this kind of news.

I heard that news too, but I cannot find it because it's buried at the bottom of the history of the trading. We don't know if that news is true but what I see right now is the price can get up after it's sleep for a long time and this is the first time we saw the rise of bitcoin price. I hope that soon we will see another high price.

A good link to be read up. https://bitcoinexchangeguide.com/what-caused-bitcoin-frenzy-to-jump-5000-btc-usd-btc-price-to-fall-back-to-below-4k-per-analyst/

Maybe the OP is referring to this news:

(https://www.reuters.com/article/us-crypto-currencies/bitcoin-soars-past-5000-mystery-buyer-seen-as-catalyst-idUSKCN1RE0JY)


Coordinate or not, the question is what is the purposed on these people from behind. Just look what they did, they pushed the price to $1000 and still continuing. Do they have some sort of 'inside information' that Bitcoin price will go up? Or they wanted to create a bull-run as this point and make the market alive again. I'm sure with the huge fund involved, they wanted to make money out of this market. It was a bold move and we may never know the logic behind the so called synchronous buying in 3 mentioned exchanges.

Provide more information which news do you refer, lets be happy on what happen to bitcoin some people said this is the start of bull run but personally I dont think if this rally will continue.
Just be wait for another spike if possible maybe some whales are now taking profit.

That is the real issue, money.

I guess you have to have adequate money for such other and not just having three laptops  ;D But, some people have really acquired much of this bitcoin.

It proves there was a huge order on legit exchanges. Is that manipulation? Looks more like a huge order to me. Where do you draw the line at it not being manipulation? 2000, 200, 20?

It's weird behaviour but it's out in the open. You'd be perfectly within your rights to do it in any other markets. People would remark on it but you're not gaming anything in the way fake walls do.

This is where I'm quite baffled, about how much was needed really to push the price to where it is right now and who did the said market stimulation. Anyways, the movement seemed to have cemented quite a following on its way up, and support levels are being nicely placed in $4500 and $4300 respectively on the exchange that I'm working at. Perhaps this will be the start of a beautiful spring - summer season for bitcoin, as was the case for previous runs, too.

20,000btc is a huge order. And to think it happened on three different exchanges at the same time gives us 60,000. Whoever did that must have a deep pocket to make such a coordination. I won't call it manipulation because it's an order placed in the open and not some sort of hidden deal. Whatever the motif should be sustained. We need the bulls.

How come this much value is spread but there is big news on google or any news sites!

What so ever now the market it seems really good and investors will be attracted towards bitcoin investment for sure with the expectation of future growth. We can believe specualtion but we need some more support over cryptocurrencies to find more growth. Lets hope.

What's so surprising about that? Market manipulation has been a common occurrence for the longest time in this market. It's been happening for the longet time and good traders know how to read these manipulations and ride the movements. The big players may have gotten bored with the market state and decided to spice things up a little bit.

I don't think this is the kind of manipulation we are talking about, because this exchanges are owned by different persons and there is no way 3 exchanges will create the same manipulation at different time.


I think this kind of manipulation is done by whales and what they are just trying to do is create an increase in the price of bitcoin so that they can make profit within a few period of time and then pull out of the market, but please we need screenshot of the order placed so that we can be sure it really happened.

This guy could be the culprit. Drop him a message  :P
https://twitter.com/CryptoCobain/status/1113003376353128448

Yes, I also strongly agree that this is no longer an open secret because here everyone knows that and the point is that the increase for now has a problem between the natural bull market and the manipulation of a group of people, for fast movement there is the possibility of large purchases or people buying simultaneously and indeed it is their right, we cannot limit without being based on any authority because this is a free market, strongly agree that everyone who is here if they have a lot of money and can also make large purchases, I only see the mind crazy people will be a big advantage.

If this is manipulation then we would able to see pump and dump and going to the price of 5300 would go back to the path of 4100 once again but
as we can see we are playing something around 4800-5000 which is pretty good to look at yet we are already stabilizing on these levels or do see some
progress or gradual increase.

Indeed, we need a screenshot for the transactions to verify the event - if not the transaction ID.
And if you talking of 20,000 BTC on 3 different exchanges then that's 60,000 BTC, with 1 BTC @ $4K

You are talking of $240 million not $100 million.

There are many explanations like an institution buying or a pump group of some rich bored guys who wanted to make some money or maybe it was a single billionaire? The market is so small that one of those Saudi princes would be able to bring us back above 6000 single handedly. It doesn't have to be manipulation. Maybe they saw an opportunity here?

Incorrect.  It was 20,000 BTC spread across 3 exchanges, or around 7,000 BTC per exchange.  Not 60,000 BTC.

Maybe that is buy wall to attract traders so it look like bitcoin will get pumped. Because sometime people think if there are big buy wall it means price will be pumped even 7000 order is already big to move price in 1 market.

I think this is a move by the whales or a single whale in crypto. If I think someone confirms this and send a screenshot on how they play, we can see that this could be a trap by the whales. OP must send us:

• The screenshot of the orders.
• The exchange used by the whale.

During my research as saw this article (https://cryptoslate.com/did-a-20000-btc-order-push-bitcoins-price-to-5000/).
The exchanges mentioned are: Kraken, Coinbase and Bitstamp. The article includes that that this is the craziest 5 minute chart they've seen. I think it's a trap. We've just been hyped. ;D

So this means that money worth 20k BTC is required to increase bitcoin's price by $1000 . That's a shit load of money. The one who is doing this is definitely a huge whale but I wonder if he is a single person or a group who must be doing it.
Anyway OP, why do you think the whale would even bother to contact you before his trades. Its nice to wish to though :P .
Who wouldn't like some profits on his trades.

This somewhat bothers me, OP trying to tell us whales again manipulating the market without hard evidence. And yet in the end of the post telling us he knows better information than us and will profit a lot of money and never tell us? Come on, share us some of your profitable strategies that we may gain some.

If this is true I think that it is clear to us that the whole market is able to be manipulated by people. What if the beginners wanted to enter the market but, they'll be knowing that the market they'll try can be manipulated?

That doesn't mean it's manipulation.  It could be someone or a group of investors with a lot of money looking to get into bitcoin--stock market traders make large trades all the time, and they're not necessarily manipulating the market as in a pump & dump scheme.  I think a lot of people on this forum don't know what the word manipulation actually means, just like they don't know what a real pump & dump means.  It's just a word that gets thrown around when big trades start to happen.

In addition to that, I'm not confident a 60,000 bitcoin trade, even if it got filled all at once, would have a dramatic effect on bitcoin's price.  Yes, that's a ton of money but you'd have to be very certain that such a trade would bump the price up in order to take advantage of it, which it might not.  So I doubt someone is actually making the trade with manipulative intentions.

Nice to see this, IMO.  The more people jumping into the market, the better. 

@kaya11 You misunderstood what OP is trying to say at the end of his post
OP wants whales to tell him before hands so he can also make some profits :D
and about evidence (or sign) on market manipulation, there two replies (on page 1) with links to article you can read up

Wise person to buy inn and expect more benefit then selling off and try to buy cheaper back. Now lets hope he/she holds and see if some more big boys/girls follow this route ; )

I thought it's a serious thread, but I'm disappointed with jokes from OP.
If you are not going to share information, why make this thread in the first place, I don't see any sense here.  ;D

I'm not surprised with this (if this is true) to be honest because I know that the market has been manipulated by the institutions and rich people for many years already.

To the OP, would you please share more information like screenshots so that we will believe in what you posted here :).

I believe that the current bitcoin pump is the result of manipulation. Some big players have been playing with the market for their own sake. I think that we have to be extra vigilant so that we can't fall prey to their traps.

$100 million dollars investment may not be termed as manipulation, we have so many people in this planet that are filthy rich and can even invest up to $500 million dollars in a single investment, it could have been coordinated in more than 1 exchange because each exchange also have limit to which they allow too at once.

Imagine we have about 1000 of these people who would choose Bitcoin as the safest way to keep their money anonymous without any intention of dumping it, what do you think will happen ?

No matter the amount of dumping from our small investment, it will have no major effect on the value of BTC. Whales buy more than 20000 BTC at ones, the recent spike that happens made the total Market cap witness extra $21 billion dollars wherein Bitcoin holds more that 60% of it, you can now see that that amount is quite small to be associated with manipulation.

I don't know why people take this 'news' so serious....

Firstly, there is no evidence to back it up. Secondly, even if it is true, someone with deeper pockets than you buying into a market lacking liquidity isn't manipulating the market. It's something people got completely wrong.

If an institution is genuinely interested in tempting people to sell their spot coins, it will cause a massive spike in the price because there are no thousands of coins put up as sell walls waiting for other large players to buy into.

I don't even see that many 100-200BTC walls anymore. Bitcoin is too scarce with how many people are competing for the same pool of coins, and as adoption keeps picking up, even less coins will be available for sale.

Manipulating is always on the market from the beginning of cryptocurrency, this is so damn but we dont no choice but to watch this manipulating all we can do is ride this flow and exit quickly before a massive dumo happen.

Perhaps I wouldn't care if this is manipulation or not, as long as I made some quick profit then I don't care hence I'm not trap in the hype. Why argue if this had helped the market to make some aggressive movement towards the last dip. Just utilize the manipulation thing and reap your profit afterward.

We are not trapped and we are still on course provided we don’t join people that will panic sell and release their holding to them for a token that would have fetched them so much more in future, if we can keep holding our coin and desist a little bit from short term trading, because that is one of the easiest way they get to investors.

If you are a very long-term investor, they will have no way to easily come in to your space and for short term traders, I wouldn’t say you should stop, just be very careful when selling, try as much as possible to watch their movement before making your own move, just play along with them too.

I mentioned I wouldn't reveal the trades of details to others if I had them, because I presume the person giving me inside info would not want me to.

All that aside, I have not gotten any PMs yet from whales to give me inside info on which coins to buy and sell and when.

Although it's manipulation but I think this is a good thing, because this can be used as a basis for strengthening the crypto market. I feel happy because I can get a substantial profit. The increase in the price of Bitcoin is a fun thing for many investors and I am part of that investor. I get some money and I use it to invest in Altcoin.

There are market manipulations with bitcoin price? really? I can't believe  :o

It was a coordinated buy to manipulate the price without a doubt, if not they could have purchased $100 million worth from OTC exchanges rather than being listed in public exchanges, but it has a driving force for the price to climb to this level.
  
It is a really big deal, anyone can do the same things using a laptop and an internet connection, but the major component that is missing is the $100 million  :P :D.

There is no secret to it, i really do not think anyone in the right sense will spend hundred million for any other coin other than bitcoin, so get bitcoin and make your profits. ;)

There are some private telegram channel that offers subscription and they will tell you or announce in their channel what will the coins that will be pump in a given date I used to get a lot of invites here, but since you posted it here many will invite you to join their channel

Manipulation in the sense of pricing always happens in bitcoin but the difference is I have seen movements like this before where the price held his own and didn't move that much. We have always seen these type of manipulations during the increases where we hit 4200 for example, you think when price was about 3600 and moved to 4200 there was absolutely no manipulation at all? There was plenty but the price didn't budge from that 4200 max for a long time.

This time there was manipulation again but this time around there was no push back so the manipulation actually worked and the other side didn't bothered and now we are all here. So do not think that this was thanks to manipulation, it always happens but this time it was thanks to people who didn't stopped the manipulation.

I also found no evidence of this event. But I think that now you can really buy almost any altcoin, because the market looks promising.

How can it be market manipulations to trade on more than one exchange at the same time?
Many traders trade on more than one exchange. I see this a big whale that wanted to buy 20.000 bitcoins, but from a  look in the sell wall on his exchanges, he cut see that he needed more than one exchange to buy his bitcoins.

20,000 BTC is $80,000,000 as at the time the short bull run came which probably op approximated to $100,000,000, to us, it looks very big, to some, this is just a token compared to what they have stored in their traditional bank, there are so many musicians that are worth more than $500,000,000 not to talk of some very great business men that we have, do you know the total market cap of gold  will swallow that of Bitcoin like 70x, these are still owned by people.

So, a man with $500,000,000 in his account might decide to save 20% of it in a bitcoin wallet for future purpose, does that mean he is a whale or the money is meant for a manipulation?

No one has sent me a PM to invite me to one of these inside information channels yet.  Looking for the inside track on pumps and dumps to make a few extra bucks here!!!

LOL, sorry to tell you but no one get an invite here ,you have to pay premium price to be able to get inside, but the question is, are those groups have inside information or just a pure pump-and-dump groups. So no need to join there, just an advise, there's no advantage as far as I know. And worst, you will be just another victim and will lost your funds, so just be careful.

That's not what I said, you illiterate bastard.  I asked the people who are manipulating the markets to share a little information with me so I can get some decent profits for myself, and in exchange I will promise to keep it quiet.

So far no one has messaged me to tell me which coin to buy or sell and when or at what price.

I have received zero invites in my messages here.  Any pump-and-dumpers out there wanna let me in on a little inside info?

Whales are always the owner of the market when it was cheap to buy at initial stage. Whales control the market this days and it's good to be vigilant and observe before you jump into trade.

And who the hell would have the time to waste up to share some info with somebody? No one does and they would definitely spoil it for themselves.So dont stress yourself too much on expecting to things which are nearly impossible to attain.


Just a piece of advise.Dont easily get fooled when you do join up these groups.Most of them are just victimizing newbies to invest on a coin which they had recently bought and leaving
those newcomers handing holding their shitcoin bags.

If that's too easy for you to ask then everyone would have followed your idea too but of course, they just don't give it to some random guy who they don't know. They would rather give it to someone whom they know already and that would be a happy trading with playing with the market with their money.

Business is business so if you can offer something to them then they might give you some information. ;)