Pump + Dump

[abs350]

Guys I noticed today that ever time the price goes down it is usually happens first on Huobi but then sometime a bounce happens led by Okcoin. Obviously this is because of the 20x futures on Okcoin. Probably some closing of shorts etc etc

But I was also thinking (maybe a conspiracy theory) that miners could be using a "pump and dump" scheme by dumping on Huobi and then pumping using the Okcoin futures before another dump.

What do u guys think?

[r0ach]

What do we think?  We think you're full of shit shill just like all other 1-2 star posters on these forums.  Look at your posts:

Believe me no reputable hedge fund would risk getting involved in bitcoin unless they were crazy.

Back in the day most traders were amateurs. Hell you could even manipulate the price through a post on these forums.

These days most of the traders are either pro's (hedge funds or ex HF traders)

[Alley]

I think this thread sucks.

[target]

Back in the day most traders were amateurs. Hell you could even manipulate the price through a post on these forums.

These days most of the traders are either pro's (hedge funds or ex HF traders)

nice! do you think masterp's incident had influenced inflation? 

[tokeweed]

Guys I noticed today that ever time the price goes down it is usually happens first on Huobi but then sometime a bounce happens led by Okcoin. Obviously this is because of the 20x futures on Okcoin. Probably some closing of shorts etc etc

But I was also thinking (maybe a conspiracy theory) that miners could be using a "pump and dump" scheme by dumping on Huobi and then pumping using the Okcoin futures before another dump.

What do u guys think?

That wouldn't be too farfetched.  We've seen a lot nastier things done in regulated exchanges for billions done by legit white collar banksters and fraudsters.

[LFC_Bitcoin]

What do we think?  We think you're a full of shit shill just like all other 1-2 star posters on these forums:

Believe me no reputable hedge fund would risk getting involved in bitcoin unless they were crazy.

Back in the day most traders were amateurs. Hell you could even manipulate the price through a post on these forums.

These days most of the traders are either pro's (hedge funds or ex HF traders)

Bolded bit - Exactly that!

[MatTheCat]

Guys I noticed today that ever time the price goes down it is usually happens first on Huobi but then sometime a bounce happens led by Okcoin. Obviously this is because of the 20x futures on Okcoin. Probably some closing of shorts etc etc

But I was also thinking (maybe a conspiracy theory) that miners could be using a "pump and dump" scheme by dumping on Huobi and then pumping using the Okcoin futures before another dump.

What do u guys think?

More or less totally with you.

Anyone with a half an ounce of sense will be able to realise that the majority of the volume on Huobi, OKCoin, is faked. 0% fees on these exchanges and indeed it is easy for HFT bots to pass numbers back and forth between stooge accounts to ramp the volume up to it's current staggering daily totals. The Chinese government 'clamped down' on BTC in China, but in a very non-descript way, which resulted in the first and one time market leader BTCChina, funded and run by 'outsiders' dropping from top exchange, to a peripheral exchange, whilst Huobi and OKCoin emerged as by far the top exchanges. This sort of behaviour is typical in China whereby foreign companies are pushed to the side, allowing for native companies to take over thier patch.

Now the main use of BTC in China is Capital Flight. For the most part, this won't be normal Chinese citizens converting thier CNY to USD via Bitcoin, but a relatively small cabal, with connections to the exchanges, running the Capital Flight racket. Ultimately, they want CNY into USD. But, if they can ramp the BTC market first, cash out high into USD, then crash the market back down to their buy-in levels, with BTC volumes that might well be nothing more than 'funny numbers' on the likes of Huobi, then...fucking bonus!

All this would of course be is highly illegal in regulated markets, but eh, where is the regulation here?

The 'good' news for Bitcoin is, that there is such a lot of wealth tied up in China under strict Capital Controls, that this Bitcoin racket (and many other more prominent Capital Flight rackets) could go on for quite a long time. So I guess that means bull market......albeit, bull market with brutal corrections every leg of the way. The day of crisp sharp uninterrupted parabolic rises are gone.

[~Bitcoin~]

Guys I noticed today that ever time the price goes down it is usually happens first on Huobi but then sometime a bounce happens led by Okcoin. Obviously this is because of the 20x futures on Okcoin. Probably some closing of shorts etc etc

But I was also thinking (maybe a conspiracy theory) that miners could be using a "pump and dump" scheme by dumping on Huobi and then pumping using the Okcoin futures before another dump.

What do u guys think?

not miners may be some chinese billionaire using pump and dump 

[NorrisK]

Guys I noticed today that ever time the price goes down it is usually happens first on Huobi but then sometime a bounce happens led by Okcoin. Obviously this is because of the 20x futures on Okcoin. Probably some closing of shorts etc etc

But I was also thinking (maybe a conspiracy theory) that miners could be using a "pump and dump" scheme by dumping on Huobi and then pumping using the Okcoin futures before another dump.

What do u guys think?

not miners may be some chinese billionaire using pump and dump 

Yeah right, because they have time to play around for pennies? They have more important stuff to do than to worry about bitcoin.

I think it is more related to some big holder deciding to cash out at certain points than these crazy conspiracies..

[pattu1]

Guys I noticed today that ever time the price goes down it is usually happens first on Huobi but then sometime a bounce happens led by Okcoin. Obviously this is because of the 20x futures on Okcoin. Probably some closing of shorts etc etc

But I was also thinking (maybe a conspiracy theory) that miners could be using a "pump and dump" scheme by dumping on Huobi and then pumping using the Okcoin futures before another dump.

What do u guys think?

not miners may be some chinese billionaire using pump and dump 

Yeah right, because they have time to play around for pennies? They have more important stuff to do than to worry about bitcoin.
I think it is more related to some big holder deciding to cash out at certain points than these crazy conspiracies..

Pump and dump can be profitable for people who implement it.
It is definitely not a pennies game.
It might ruin interest in bitcoin, but these market movers tend to profit a lot.

[mtnsaa]

Bitcoin market it's still vulnerable to p&d schemes, of course manipulators will need deep pockets bit it's definitely possible and it still happens so your theory it's not crazy. Just think about how easy it is to manipulate the altcoin market, that's a smaller scale but it's the same game.

[pattu1]

Bitcoin market it's still vulnerable to p&d schemes, of course manipulators will need deep pockets bit it's definitely possible and it still happens so your theory it's not crazy. Just think about how easy it is to manipulate the altcoin market, that's a smaller scale but it's the same game.

Altcoin markets are way too easy given the lack of liquidity.
Given Bitcoin's market cap, it is much more difficult. It will become much more difficult once bitcoin's price increases.
If it can happen in the equity markets, in spite of the regulation and relatively higher liquidity, it can happen in the crypto market.

[suda123]

What do we think?  We think you're full of shit shill just like all other 1-2 star posters on these forums.  Look at your posts:

Believe me no reputable hedge fund would risk getting involved in bitcoin unless they were crazy.

Back in the day most traders were amateurs. Hell you could even manipulate the price through a post on these forums.

These days most of the traders are either pro's (hedge funds or ex HF traders)

LOL

[Xenoblate]

Back in the day most traders were amateurs. Hell you could even manipulate the price through a post on these forums.

These days most of the traders are either pro's (hedge funds or ex HF traders)

nice! do you think masterp's incident had influenced inflation? 

What do you mean maperp's incident? Anything bad happened to masterp or masterp has the power to influence inflation.