I received some information from a friend in China reinforcing that
Bitcoin price is being manipulated in China. If the information is correct, as I believe it is, this manipulation helps explain the wild Bitcoin price volatility recently. He has requested that his name and location not be identified.
Here's what I heard. Bitcoin wealthy owners, traders, exchangers and miners meet 24 hours a day at secret places near a large China Bitcoin miner. Attendees divide themselves into 2 groups --
Bitcoin buyers and
sellers. At a time agreed on by a majority of both group members, buy group buys the seller group offerings. To manipulate price up, sell group sells at a significantly higher price than market price - buy group buys seller group offerings. To manipulate price down, sell group sells at a significantly lower price than market price - buy group buys seller group offerings. Buy and sell groups switch to sell and buy groups after each sell-buy offering, thus balancing member profits over time.
Seems reasonable to me.
Edit1 Jan 9 1232pm EST: I've asked for a meeting-place photo - said he'd attended some
Edit2 Jan 9 1pm EST: Added photo from friend of a
China Bitcoin whales meeting-place https://twitter.com/DeepCrypter2/status/818517670781919232Edit3 Jan 10 3pm EST: Attendees know each other well "Loss of life" threatened if photo of any attendees
Edit4 Jan 11 10am EST: Corrected spelling 'threatened'
Edit5 Jan 11 5pm EST: Just heard members voted today at 5am EST (BTC = $900 USD) to all be sellers to the market - big profit for the whales
'riding wave down'Edit6 Jan 11 11pm EST: Just heard again from my friend that the Bitcoin whales have agreed to push BTC price down even more, then
'buy back in the low 100's' Will begin big selling in
'next 24 hours or when BTC tops out in high 700's.' (source verified but not message)
Edit7 Jan 12 5pm EST: Photo from anonymous source of China Bitcoin
'whale' who didn't have enough money to
'ride the wave' up at
secret Bitcoin price-manipulation meeting (Designation not verified)
https://twitter.com/DeepCrypter2/status/819654190893039616Edit8 Jan 17 3am EST: China Bitcoin
'whales' are planning for a Bitcoin crash
'heard round the world' Caveat Emptor (Only source verified)
Edit9 Jan 17 6am EST: Why
crash Bitcoin?
Sell 10 soon after top
Buy 100 at bottom soon after
crash caused by
'whales' (explained above)
Buy 10's on
'wave up' caused by
'whales' (explained above)
See also
http://www.coindesk.com/masters-backed-hedge-fund-greed-leverage-broke-bitcoins-rally/#Edit10 Jan 17 10am EST: Perfect setup for Bitcoin
crashhttps://twitter.com/DeepCrypter2/status/821375386080702465Edit11 Jan 18 9am EST: I don't know if this Bitcoin
'mini crash' will turn into Bitcoin crash
'heard round the world' It just might if the
'Whales' decide to
https://twitter.com/DeepCrypter2/status/821723509693042690Edit12 Jan 19 8am EST: Bitcoin owners and investors should be fearful of a Bitcoin
Black Swan event an unexpected
price crash of large magnitude and consequence. Some of what China Bitcoin exchanges consider
'correct', we consider
'corrupt' e.g. insider trading, front-running orders, price manipulation.
Edit13 Jan 19 1pm EST: Since China's share of Bitcoin daily volume is more than 95%, the yuan is weakening and all their peasants are buying Bitcoin, the only thing propping up the
Bitcoin price wave is that China government has not yet banned Bitcoin. I predict soon they will the Bitcoin
Black Swan event in Edit12.
Edit14 Jan 20 1am EST:
Investors Warned by People's Bank of China of Illegal Financing of 3 China Bitcoin PlatformsResults of an initial investigation by People's Bank of China showed
BTCChina was engaged in illegal operations and financing activities. Funds and capital trading on the platform were also not guaranteed by third-party custody terms. Two other major Bitcoin trading platforms,
Huobi and
Okcoin, which are under investigation by the central bank's operations office in Beijing, were also reported to be engaged in
illegal financing .....
http://www.ecns.cn/cns-wire/2017/01-19/242503.shtmlEdit15 Jan 20 3pm EST: Given my, shall we say
imperfect record at prognostication, I'm going to avoid anything that looks like a
'prediction.' But with that aside, I'm making a
'prediction sequence' China will ban Bitcoin, and Bitcoin will crash
'heard round the world.' When?
Bitcoin will crash sooner than later but before Bitcoin hits $1,000 US.Edit16 Jan 21 9am EST: We are trying to decipher the
Bitcoin whales secret trading algorithm. Let me know if you would like a copy if we are successful. (ricochet.im is anonymous)
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit17 Jan 22 2am EST: I learned today that Bitcoin
'Whales' are working on a
'Price Manipulation BOT' that will eliminate requirement that they secretly meet together. Stay tuned for when I get more details and status.
Edit18 Jan 22 8am EST: Just found out Bitcoin
'Whales' unleashed their new
'price-manipulation BOT' to cause a
mini-crash starting at 1149 UTC. Watch the charts to see if and when it ends.
Edit19 Jan 22 830am EST: Folks, stay seated please The show's not over till the fat lady sings. Pain and gain thanks to the Bitcoin
'Whales' new
'price-manipulation BOT'.
Edit20 Jan 22 9am EST: Got a million dollars to trade Bitcoin with the new Bitcoin whales
'price-manipulation BOT'? Get 'abord' the BOT link and password just received:
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit21 Jan 22 930am EST: Here's the latest
Bitcoin price mini-crash caused by
'Whales' unleashing their new
'price-manipulation BOT'https://twitter.com/DeepCrypter2/status/823174837187313664Edit22 Jan 22 10am EST: Threats of my
'death' for these disclosures are totally inappropriate and very wrong.
Edit23 Jan 22 115pm EST: Looks like Bitcoin
'Whales' new
'price-manipulation BOT' and/or the peasants are now buying.
https://twitter.com/DeepCrypter2/status/823228783276728320Edit24 Jan 22 4pm EST: Unless you're
wealthy and want to
'swim' seriously with the Bitcoin
'Whales' in their
inner sanctum Bitcoin sauna, do not request admission here
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit25 Jan 23 8am EST: It's tough to know Bitcoin
Whales new
price-manipulation BOT orders vs
real orders Answer here if you're serious
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit26 Jan 23 12pm EST: Test results of Bitcoin
Whales new secret
price-manipulation BOT show promising enormous daily money gains
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit27 Jan 24 3am EST: Get on 24-hour secret Bitcoin
'Whales' Hotline Learn whether
'Whales' are buying or selling
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit28 Jan 24 11am EST: Bitcoin
'whales' discussing
'BOT killer attack' on hotline. Caveat emptor!
Edit29 Jan 25 8am EST: Learn your Bitcoin
value will crash soon at
new secret price-manipulation BOT Hotlinehttps://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit30 Jan 25 11am EST: How new secret
Bitcoin price-manipulation BOT pushes Bitcoin price
UPhttps://twitter.com/DeepCrypter2/status/824283014624579585Edit31 Jan 25 3pm EST: For one hour today - starting now - I'm unleashing for
FREE to the first person requesting the new secret
Bitcoin price-manipulation BOT for you to trade until your heart's content and you just might get wealthy
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit32 Jan 25 5pm EST: Unless you're as wealthy as a Bitcoin
Whale, you probably don't have enough money to buy the new secret
Bitcoin price-manipulation BOT no winners in Edit31
Edit33 Jan 25 7pm EST: We're going 'off grid' to
'Ricochet instant message' until further notice New information is just too dangerous to be public
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit34 Jan 27 11am EST: I just received the very secret
'Bitcoin Doomsday Clock' Doom by secret
'Bitcoin price-manipulation BOT' Caveat emptor
Edit35 Feb 7 9pm EST: I've been wrong before, but this time I'm putting my money where my mouth is. From a source I've found 100% reputable, I just received - without requesting - the date and time of the
Bitcoin Apocalypse available to the highest bidder. If I am wrong, I will pay the highest bidder
TRIPLE the amount bid + return the amount bid. We both will put all our funds with a mutually-agreed escrow agent.
Here's how it will work: Say highest bidder bids 10 Bitcoin. I deposit 30 Bitcoin. If I am wrong, escrow agent pays bidder 10 Bitcoin + my 30 Bitcoin = 40 Bitcoin. If I am correct, escrow agent pays me the 40 Bitcoin. Not a bad deal, eh?
https://ricochet.im/ricochet:6kjpdt4lerzm7i7x
Edit36 Feb 12 11am EST: Bitcoin survives because of
"Country Crutches" Volume down in one country, up in next, e.g. USA / China / Japan (soon)
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