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Author Topic: Is there anyway to tell if Wall Street whales are pumping up the Bitcoin Market?  (Read 196 times)
FlyingDutchman420 (OP)
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December 09, 2017, 08:37:38 PM
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I am wondering, as we enter this new era of Bitcoin futures trading, will the Wall Street whales manipulate the market to their advantage. If so is there anyway to know when they are manipulating the market? Bitcoin is a public ledger. So all transactions are publicly available but is there any software program that is tracking all the transactions to see if a handful of accounts are dumping billions of dollars into Bitcoin? How do you think it would look if these whales try to manipulate the market? I doubt they would have the time to dump billions in the Bitcoin by buying small amounts at a time. It would have to be several large purchases at once. So is there any way that we could watch the market for such activity? Bitcoins market cap has been recently swinging between 230 and 270 billion dollars. How much money do you guys think it would take to swing the price of Bitcoin dramatically higher or lower?
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December 09, 2017, 08:47:25 PM
Last edit: December 09, 2017, 09:36:05 PM by stompix
 #2

If you start from the market cap as an indicator is a dead end.

Nobody is selling till 20 000 when 1 coin is sold, the market cap would double, with 200 billions, but yet only 20 000$ were invested.
See the problem with market cap?

Second, this is the start of a new conspiracy theory and things are not that easy.
There are no hidden stashes of dollars that will be rushed by helicopter to an exchange and undercover investors will start buying coins.
All those investment funds that might start purchasing have to answer to their clients, have to be ready for an audit.

There will be no mysterious guys hoarding coins, there are more hidden big bag holders now than there will ever be.
As for manipulation, remember okcoin ? willy bot? not even talking about the flippening plan.


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minersday
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December 09, 2017, 08:49:55 PM
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And it is sad because a lot of people are just looking at the marketcap before investing, and i am seeing it everyday in here.

If you start from the market cap as an indicator is a dead end.

It seems that most part of those new guys in bitcoin are a little bit confused about how the futures are going to work.

As for manipulation, remember okcoin ? willy bot? not even talking about the flippening plan.

I have tried to explain it a few times but i am never getting replies from them, becuase they just create threads, and then they left the thread because they are just spamming.

So there is no reason to answer the question to him, probably he is going to do the same.

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December 09, 2017, 09:00:04 PM
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I am wondering, as we enter this new era of Bitcoin futures trading, will the Wall Street whales manipulate the market to their advantage.
No, but how could they manipulate the market? Buy flooding it and then selling? It would take loads of capital and they wouldn't gain that much from it.

If so is there anyway to know when they are manipulating the market?

There's really no way to know unless a Wall St. bank had a wallet address publicized and then churned their own account to try to influence the price.

The beauty of Bitcoin is that the market is truly global, meaning there are numerous "doors to the market" around the globe.

A better way to manipulate the market for ones own benefit is to take advantage of the price difference of Bitcoin across multiple exchanges. Now that we're in a thousands of dollars price level, the difference in price from one exchange to another can be as much as $1,000. So if you keep balances in multiple exchanges you can trade by taking advantage of those differences in price valuation.
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