The Manipulation is real

[OmegaStarScream]

I came back from school like 3 hours ago , I first checked preev.com and the price was 747$ or something now It's currently 715$ . I now know for sure that this definitely some manipulation by some rich millionaires and It has nothing to do with India cash news. Feel free to share your thoughts !

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[Racey]

Dont see why the markets have any influence on bitcoin at all or any other that involves fiat.
If you can tell me otherwise I would be grateful.
Isn't bitcoin supposed to be independent from Fiat currencies?

[InvoKing]

I came back from school like 3 hours ago , I first checked preev.com and the price was 747$ or something now It's currently 715$ . I now know for sure that this definitely some manipulation by some rich millionaires and It has nothing to do with India cash news. Feel free to share your thoughts !

$732-733 in the Chinese exchanges and around $715-721 In the other ones. Manipulation? Maybe. Trading et al. sure.
That is bitcoin and it will remains like that
Big whales, where is kwukduck?

[European Central Bank]

it never had anything to do with india other than an excuse for a pump by no one new. same goes for cyprus, greece and plenty of stuff in the future too.

[OmegaStarScream]

Dont see why the markets have any influence on bitcoin at all or any other that involves fiat.
If you can tell me otherwise I would be grateful.
Isn't bitcoin supposed to be independent from Fiat currencies?

It is but Bitcoin is also based on supply and demand , If (for example) governments makes something to their citizen and don't allow them to withdraw most of their cash from banks etc... people will eventually want to switch for something else where they have more freedom (Bitcoin in this case) and the price will logically increase as there is more demand. As for the manipulation by millionaires as I said then they are Bitcoin holders themselves.

[alyssa85]

Or it might be that some people just took profits. No-one ever got poor from taking profits.

[Racey]

Dont see why the markets have any influence on bitcoin at all or any other that involves fiat.
If you can tell me otherwise I would be grateful.
Isn't bitcoin supposed to be independent from Fiat currencies?

It is but Bitcoin is also based on supply and demand , If (for example) governments makes something to their citizen and don't allow them to withdraw most of their cash from banks etc... people will eventually want to switch for something else where they have more freedom (Bitcoin in this case) and the price will logically increase as there is more demand. As for the manipulation by millionaires as I said then they are Bitcoin holders themselves.

I would love to give them a piece of my mind, you know plenty of curse words.
Greedy mofos same people who manipulate fiat cant help themselves, they want a piece of all the pies.

And thanks Omega.

[BingoDog]

So, you are stil going to school? I know it's irrelevant, just noticed that you are obviously very young Bitcoin user.  
I don't agree this is necessary a manipulation. The price is determined by market, supply and demand and volatility is natural process.

[btcdevil]

Dont see why the markets have any influence on bitcoin at all or any other that involves fiat.
If you can tell me otherwise I would be grateful.
Isn't bitcoin supposed to be independent from Fiat currencies?

It is but Bitcoin is also based on supply and demand , If (for example) governments makes something to their citizen and don't allow them to withdraw most of their cash from banks etc... people will eventually want to switch for something else where they have more freedom (Bitcoin in this case) and the price will logically increase as there is more demand. As for the manipulation by millionaires as I said then they are Bitcoin holders themselves.

Ya it is true that their are big whales and some Chinese exchanges which are manipulating bitcoin price but their is also one more reason of Indian users who are now converting their fiat currency to bitcoin so that they can clear their black money

[Amadues]

I came back from school like 3 hours ago , I first checked preev.com and the price was 747$ or something now It's currently 715$ . I now know for sure that this definitely some manipulation by some rich millionaires and It has nothing to do with India cash news. Feel free to share your thoughts !

The holidays are coming! Also reach people decide to buy gifts for their parents!

Ok I am just kidding, but when there is a good pump, some traders could decide to close their position and get the money. THat's it.
Maybe a big whale today decide to short some btc ! I think in the next days (or in one week) we can see again price rising up!

[richardsNY]

The price has been subject to manipulation from the very beginning. Weird that you come to the conclusion that the price is being manipulated right now. No price level is safe from being demolished. This volatility is what traders are anticipating on. It's well known that the price can't be maintained at these levels for long.

[Amadues]

Well in the last hour price is raising again. From bitfinex 6:45 pm price was 711 $ - now is 725 $.
Bitcoin price volatility is "normal for bitcoin" .

The price has been subject to manipulation from the very beginning. Weird that you come to the conclusion that the price is being manipulated right now. No price level is safe from being demolished. This volatility is what traders are anticipating on. It's well known that the price can't be maintained at these levels for long.

And I guess (as I have already write in this thread) in the next days price will rising again.

[richardsNY]

The price has been subject to manipulation from the very beginning. Weird that you come to the conclusion that the price is being manipulated right now. No price level is safe from being demolished. This volatility is what traders are anticipating on. It's well known that the price can't be maintained at these levels for long.

And I guess (as I have already write in this thread) in the next days price will rising again.

It definitely might go up again, but the price is stuck around the $750 levels as there is no upwards potential from that point. Even if we do go to that level again, we'll see another dump like we are experiencing today. That's why these levels are great to secure profits at, or choose to keep holding.

[talks_cheep]

Of course the manipulation is real. I'm just surprised at how late you realized it. I guess it's better late than never. I'm laughing at those who still claim it's all supply and demand, market volatility, blah blah blah, such stupidity abounds here on this stupid forum.

[The Sceptical Chymist]

OSS, the bitcoin market is a wild one--but it's only a $10bln market.  That's pretty damn small, relatively speaking.  Bank of America is $200bln, Coca-Cola is $175bln.  So yeah, it could be a bitcoin whale, or it could be a bunch of medium or small sellers/buyers, who knows?

Every time a stock or precious metal or commodity takes a huge dump, the conspiracy-minded folks start screaming about manipulation.  Well how about the bull market we've had that brought us to bitcoin at $750, or the Dow at 19,000?  Do people think that's manipulation as well?  Any time you buy and sell, you're affecting the market (however small).  I have a hard time believing that this recent price action is some sort of concerted effort on someone's part to drop the price. 

I also think it was a group of muslims who flew planes into the World Trade Center, but that's crazy I know...

[pooya87]

I came back from school like 3 hours ago , I first checked preev.com and the price was 747$ or something now It's currently 715$ . I now know for sure that this definitely some manipulation by some rich millionaires and It has nothing to do with India cash news. Feel free to share your thoughts !

i stopped believing that India is the reason when i found out they were talking about localbitcoins prices not a real Indian bitcoin exchange service for example.

and about the price, this always happens, so it is normal. the $30 fluctuation even up to $50 has been a normal thing with bitcoin. whenever there is a rise, there is a cashout too so that whales can take out their money and then buy back in lower price (e.g. sell at 747 buy at 715)

[Caladonian]

I came back from school like 3 hours ago , I first checked preev.com and the price was 747$ or something now It's currently 715$ . I now know for sure that this definitely some manipulation by some rich millionaires and It has nothing to do with India cash news. Feel free to share your thoughts !

i stopped believing that India is the reason when i found out they were talking about localbitcoins prices not a real Indian bitcoin exchange service for example.

and about the price, this always happens, so it is normal. the $30 fluctuation even up to $50 has been a normal thing with bitcoin. whenever there is a rise, there is a cashout too so that whales can take out their money and then buy back in lower price (e.g. sell at 747 buy at 715)

and that's why we called them whales because they really can do manipulation so better to play with them buy when the price still cheap then sell when we see some crashed is happening then buy back its only a matter of timing and good assessment how to play with the fluctuation the thing is we should know when the whale will attack the market and make the moves.

[LuanX3]

In my opinion, this is just because bitcoin prices are well driven by supply and demand for it and no other. Also, since the population of bitcoin users, buyers and sellers is still tiny compared to other traded securities, stocks, currency, etc., hence the fluctuation is noticeable.

[Nahl]

i dont think this is about indian cash news and i personally always believe that there are big manipulations for bitcoin price which is conducted by some of millionaires that's why i could not do anything if the price dropped or rise up with rapidly especially on cryptocurrency anything could be happen and those millionaires always will utilize recent issues are being discussed in the world to manipulate bitcoin price

[~Bitcoin~]

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It has nothing to do with India cash news. Feel free to share your thoughts !

Obviously the volume indian bitcoin exchange platform is not that big to put any effect on global bitcoin market.

Looking at the current swings, i am also quite sure that this can't be anything other than pure manipulation. But in long terms whales even can't hold bitcoin price down.

Every price correction/dump is opportunity to buy more for long term holding.