Big Exchange Manipulation ???

[OmegaStarScream]

I don't get it , what the hell happened here , It reached near 315$ or something .
I went to sleep and I woke up now , checked preev.com .. and Ifound the price went down to 285$ ? If It was China & Greece as some people says , shouldn't the price be rising and continue to rise ? what are the factors that made this dump after pump ?

[straat18]

It has to be Greece because of the new agreements, The BTC dropped 30 Dollar's (277 USD).

[Amph]

what i think is, until 275 or around that was greece and the hype around it, then the last boost was caused by litecoin investors who dumped litecoin to join bitcoin pump, now they dumped bitcoin for taking their profit

last portion of the pump was manipulation at its finest

[randy8777]

It has to be Greece because of the new agreements, The BTC dropped 30 Dollar's (277 USD).

yes, i think so too. traders got dissapointed after greece reaching an agreement. people were clearly hoping for a grexit, which was the main reason the price went up to over $310

[aakashsangwan]

Yes it is a great example of pump and dump.
Whales are manipulating the btc market.
It is advisable to not to buy btc at this point of time.

[DanielBTC]

I think it was just a price manipulation, take a look in the chart, how to price is going up in something like a ladder, step by step.

[bit1]

It was an indicator that new floor BTC could be  $300 very soon. 

[gentlemand]

All these moves are just the same old people chucking coins and cash around in the hope of squeezing more from smaller players. The OP's reasoning is a prime example.

Greece was fun inspiration and nothing more just as barely a single Cypriot made actual use of BTC in 2013.

No real players or populations are buying in to protect themselves en masse from anything. That's years away yet if ever. If they had then we'd be sitting on an earthquake.

[arallmuus]

Anyone who thinks Greece was anything other than a fun excuse needs a slap upside the head. All these moves are just the same old people chucking coins and cash around and only using the real financial world for inspiration.

The market is full of speculator to begin with and most of us has experienced the worst pump and dump back then in 2013 and it hasnt changed ever since that incident , the same thing that happened in January 2015. However if you are not a trader than this would be just an empty hope for you but if you are one then I expect this to be a major blessing.

No real players are buying in to protect themselves from anything. That's years away yet if ever.

Mass adoption will probably be reach...not to soon

Bitfinex with its inside trading... Nothing new here.

No offence but bitfinex isnt actually a "market indicator" for the price anyway

how to price is going up in something like a ladder, step by step.

Ladder? it depends on your chart timeframe btw. If you use the 5 mins time frame or 1 mins, then you wont see any ladder-shaped chart there

[scarsbergholden]

I think we all have seen this type of pump it climb during the week with an all time high on sunday and clearly dumping over 25% on monday.

[MF Doom]

I think we all have seen this type of pump it climb during the week with an all time high on sunday and clearly dumping over 25% on monday.

yes, if there is one thing you can be certain of with btc:  when there is a FAST pump, expect a FAST dump.  everyone should have seen it coming.

[lexuz]

I think it was just a price manipulation, take a look in the chart, how to price is going up in something like a ladder, step by step.

I think like that too, look like a few weeks ago when price up to 270 than dumb to 240 just in one hour

[scarsbergholden]

yes, if there is one thing you can be certain of with btc:  when there is a FAST pump, expect a FAST dump.  everyone should have seen it coming.

Yea is most likely this is going to keep on happening for a long time to come, if stock brokers go crazy with a 2% fall with bitcoin is just nuts lmao, let i was only able to sell a little at 308 so is a little gain now to find a good entry around 270 or so.

[bit1]

$278 and down.

[aakashsangwan]

$278 and down.

This is just a small dump before a big pump and you can just wait and watch.

[HarHarHar9965]

$278 and down.

This is just a small dump before a big pump and you can just wait and watch.

I think it was just a small pump before a big dump, and it's going to come soon. It might scare the shit out of many people but it will come and it will eliminate a lot of BS. After that, bitcoin will mostly by influenced by major events and adoption by decent countries. The trade will also increase and so will the price level, the volatility will be less as price will start stabilizing.

[pitham1]

$278 and down.

This is just a small dump before a big pump and you can just wait and watch.

I think it was just a small pump before a big dump, and it's going to come soon. It might scare the shit out of many people but it will come and it will eliminate a lot of BS. After that, bitcoin will mostly by influenced by major events and adoption by decent countries. The trade will also increase and so will the price level, the volatility will be less as price will start stabilizing.

With the amount of uncertainty in global markets, all it will take is one small incident to set off a Bitcoin bull run.
While trade and increased adoption will result in gradual price increases, shock to financial markets could result in Bitcoin's price surging up.

[neurotypical]

The marketcap is tiny. UBER has a bigger marketcap than Bitcoin. Of course it's going to be manipulated. This will change once the volume is bigger.
The overall lecture is positive tho. We are holding well at near 280 right now. Don't forget people was complaining about low prices being stuck at 240 like a week ago.

[odolvlobo]

Does anyone have any evidence of manipulation other than the price going up or the price going down?

I didn't think so.


Also, a bubble is not the same as a "pump and dump" scheme, and people that don't know the difference are going to be victims of real "pump and dump" schemes.

"Pump and dump" (P&D) is a form of ... fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.

In a pump and dump, the fraudster generally sells as the price goes up and the victims sell as (and after) the price goes down.

[blxlihnk]

the volume is ridiculous now...
it's imposible to make good trades
I cant imagine serious traders to come in bitcoin market