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Author Topic: Bitcoin rising to 600$ , pure manipulation ?  (Read 7661 times)
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September 21, 2016, 09:18:39 AM
 #101

If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/

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September 21, 2016, 03:41:50 PM
 #102

If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/
Yes it seem pure manipulation from whales to dump their own coins to create panic in market so that they can grab even more bitcoin in cheaper price than they have sold. But when they will collect enough coins price may get pumped again even higher than $620.

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September 21, 2016, 05:50:29 PM
 #103

If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/
Yes it seem pure manipulation from whales to dump their own coins to create panic in market so that they can grab even more bitcoin in cheaper price than they have sold. But when they will collect enough coins price may get pumped again even higher than $620.
Your guess works are smarter, but practically to dump a 10 billion market is highly hard for individuals. Maybe you are true if the whales are forming a group but the group of people will not have same intention to dump bitcoin as many bitcoiners do love bitcoin system emotionally, I have seen that in real time.


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September 21, 2016, 08:06:16 PM
 #104

If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/

Its indeed no manipulation some people are just trying some theories but its just all bullshit if you are asking me.
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September 24, 2016, 12:45:38 AM
 #105

yes, I think that the increase in pure, bitcoin prices rose to $ 600. because rising slowly. I feel that the price of bitcoin could be more than that if no hackers who hack into one trading sites. bitcoin prices may be higher because of halving

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September 24, 2016, 01:40:05 AM
 #106

yes, I think that the increase in pure, bitcoin prices rose to $ 600. because rising slowly. I feel that the price of bitcoin could be more than that if no hackers who hack into one trading sites. bitcoin prices may be higher because of halving

It is, but i don't think the rising of bitcoin to $600 is pure manipulation. Because the price of bitcoin is stable for around 1 month, and i'm sure it's pure not manipulation.
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September 24, 2016, 03:24:08 AM
 #107

If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/

Its indeed no manipulation some people are just trying some theories but its just all bullshit if you are asking me.


I believe  the same thing too that there no manipulation involved here those are  just some nonsense  theories, Bitcoins price does normally moves it price up and down because of circumstances that is happening  in bitcoin  ecosystem. Just  like on what we  saw on bitfinex hack it did decrease  bitcoins price because  those  hacked bitcoins are being sold on cheap price  then  after that  incident  price of  bitcoins  start to rise up gradually because people  do  purchase  bitcoin in cheaper price.

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September 24, 2016, 03:46:05 AM
 #108

12 hours ago (before I go to sleep) , the price was something like 575$ If I remember right , I woke up and found it 600$ (using preev.com rates) .
What could cause this price increase ? I checked some news websites and I couldn't find any obvious reasons , the only thing I read and I found interesting is Bitfinex paying their customers back from the HACK but I'm pretty sure It has nothing to do with the increase.
Because of what happen on the exchange website that was hacked bitfinex was hacked and their customers are angry for what happend on that exchange website i think thousand of users are they lost their bitcoin on that site thats the main reason why the price of bitcoin decrease that fast

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September 24, 2016, 07:41:10 AM
 #109

bitcoin price 600 dollar every one bitcoin not manipulation
bitcoin price is stable price in 600 dollar
is now up down only 600 dollar not wave big down or not wave big up
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September 24, 2016, 10:57:49 AM
 #110

If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/
even if it was true there is a manipulation , hard to prove it ,
and also they cannot doing this manipulation continuously ,
all i believe in current bitcoin market are there is a possibility to be manipulated ,
it is fine as long as everyone happy? noone have disadvantage here?

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September 24, 2016, 12:51:29 PM
 #111

bitcoin price 600 dollar every one bitcoin not manipulation
bitcoin price is stable price in 600 dollar
is now up down only 600 dollar not wave big down or not wave big up
exactly once, the current bitcoin price movements are very stable. almost no meaningful change.
there is not even a significant increase and decrease. prices range between 600 USD.


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September 24, 2016, 05:37:01 PM
 #112

bitcoin price 600 dollar every one bitcoin not manipulation
bitcoin price is stable price in 600 dollar
is now up down only 600 dollar not wave big down or not wave big up
exactly once, the current bitcoin price movements are very stable. almost no meaningful change.
there is not even a significant increase and decrease. prices range between 600 USD.

There is a lot less fluctuation at the moment so it seems to me that the price is getting some stability at last. Altough with bitcoin you never know for use, it may well get a major crash or major spike of a sudden event. So yes you are never certain.
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September 24, 2016, 05:42:45 PM
 #113

There is a lot less fluctuation at the moment so it seems to me that the price is getting some stability at last. Altough with bitcoin you never know for use, it may well get a major crash or major spike of a sudden event. So yes you are never certain.

less fluctuation? the opposite already happened and the price were few dollars under 600 USD when i last time checked it yesterday, returning to + 600 USD today was a good news, was afraid to see it crushing...

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September 24, 2016, 07:13:59 PM
 #114

There is a lot less fluctuation at the moment so it seems to me that the price is getting some stability at last. Altough with bitcoin you never know for use, it may well get a major crash or major spike of a sudden event. So yes you are never certain.

less fluctuation? the opposite already happened and the price were few dollars under 600 USD when i last time checked it yesterday, returning to + 600 USD today was a good news, was afraid to see it crushing...
We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

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September 24, 2016, 11:57:49 PM
 #115

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that  Smiley

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September 25, 2016, 08:42:47 AM
 #116

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that  Smiley
Sure, we can see a panic starting when we move towards one of the bands of the channel we currently sit in. I guess that is also the natural reaction of weak hands, not used to Bitcoin volatility. But, as I said, fundamentally we do not have any important reasons to support either up or down direction.

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September 25, 2016, 08:55:36 AM
 #117

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that  Smiley
Sure, we can see a panic starting when we move towards one of the bands of the channel we currently sit in. I guess that is also the natural reaction of weak hands, not used to Bitcoin volatility. But, as I said, fundamentally we do not have any important reasons to support either up or down direction.

Not everyone is using bollinger bands as an indicator.I guess this is what you are talking about.
There are several other methods of how to read and predict a future chart movement.
In the end it is always the same. Price breaks certain support level, fear kicks in and people start to sell, depending on their strategy.
Or price breaks certain resistence, FOMO kicks in and people start to buy.


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September 26, 2016, 09:56:16 AM
 #118

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that  Smiley
Sure, we can see a panic starting when we move towards one of the bands of the channel we currently sit in. I guess that is also the natural reaction of weak hands, not used to Bitcoin volatility. But, as I said, fundamentally we do not have any important reasons to support either up or down direction.

Not everyone is using bollinger bands as an indicator.I guess this is what you are talking about.
There are several other methods of how to read and predict a future chart movement.
In the end it is always the same. Price breaks certain support level, fear kicks in and people start to sell, depending on their strategy.
Or price breaks certain resistence, FOMO kicks in and people start to buy.


Yep, we agree that No matter which TA tool you use, or even if you don't use any, the volatility is the biggest challenge for any Bitcoin trader. And some weak hands are not able to deal with that.

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September 26, 2016, 10:49:26 AM
 #119


Yep, we agree that No matter which TA tool you use, or even if you don't use any, the volatility is the biggest challenge for any Bitcoin trader. And some weak hands are not able to deal with that.

In the first place, those trading chart tools or indicators are used only as reference purposes to make a good output of what will be their next trading move.

After analyzing all factors around the current trend based on their references, then expect a trading moves execution later on.

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September 26, 2016, 10:52:51 AM
 #120

I don't think we have to say the recent price pump as manipulation. Price was down for several days after that bitfinex got hacked so people hurriedly bought cheap bitcoins so that price is now near $600. Price swing (pump or dump) of around $25 is possible and quite normal within one day.

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