Bitcoin Being Manipulated

[enterprevic]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

[zeingrind777]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

what do you mean when the price goes down chinese buys a lot of bitcoin and then they sell it when the price goes up?

[enterprevic]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

what do you mean when the price goes down chinese buys a lot of bitcoin and then they sell it when the price goes up?

I mean when China made the regulation the price dropped right, so during that period you could buy more bitcoins at a lower price then hopefully it would pick up.

So maybe if China lifts the restrictions then the price can rise faster.

[master2080]

So basically you're saying if you decrease(or ban) the supply - the price goes up.

Groundbreaking discovery.

[SingAlong]

Nonsense. It is not manipulation but rather that's the market's reaction since the stance of the Chinese investors lowers because of China's regulation but it recovers despite of it whoch proves that Bitcoin is well distributed worldwide and China alone can't bring down Bitcoin.

[junoreactor]

I think enterprevic means that the Chinese themselves took profit from this, this has happened millions of times with stocks. Your post will make sense if you know that in the near future China will lift the restriction on ICOs, but in the present situation I am not sure any manipulation occurred to be honest.

[no0dlepunk]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

I don't agree... the market psychology has its cycle and of course the market (people) decides when to sell and when to buy, not China. Imagine this - even though China bans cryptocurrency, if people from outside of China won't sell, the price wouldn't go down. Therefore, it's more appropriate to say that it is the NOOBS who were manipulated, not BITCOIN.

[Almat]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

I doubt they were able to capitalize on the dip. Japan took up where China left off after all. The Chinese in general were fairly panicky because of all the uncertainty. That being said, governments can manipulate the price to some degree with their regulations. Most are not large enough to make a significant impact though.

[J Gambler]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

It is very hard to picture this as it would need a massive manipulation to affect the market like it is unstable today. Bitcoin just like every stocks depend on several and myriad variances in which its prices are being based upon and yes one change can make a difference but it has to be monumental. L

[Aura]

It could be that way, you never know. That's the cool thing about Bitcoin, that addresses don't have to include private information to create them. However I think it's a little bit of a conspiracy theory, because why would they do it. It also would cost them an insane amount of money to get enough power to manipulate the price.

[savioroshan]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

I don't know what made you think bitcoin has being manipulated. We all know that, from last year onwards Chinese government was against cryptocurrencies and no wonder this year they banned the usage of bitcoins. We all are humans and its human nature to panic quickly and because of that many sold their coins. Because of that btc price went down . In this matter frankly speaking, I don't see any manipulation here.

[BitcoinHodler]

there is always going to be a certain level of manipulation in all the markets and bitcoin is no exception. in fact things are more severe in bitcoin because it is a small and unregulated market.

but to say "the countries that have more users" and then say "China" doesn't make sense. there may be a lot of traders in China but not users. and the price drop and the manipulations were mostly in USD market not the CNY one. CNY price dropped hard to 30-40% lower than USD equivalent!

[cjinny]

I think bitcoin can not be manipulated by any country. The state can only make the rules of bitcoin circulation in the country, from the celebration can harm or benefit the owner of bitcoin.

[rowingcola]

I think bitcoin can not be manipulated by any country. The state can only make the rules of bitcoin circulation in the country, from the celebration can harm or benefit the owner of bitcoin.

I think what they meant by manipulation is someone pushing up the bitcoin prices or pushing the bitcoin prices down, just how people do it in the stock market. Not necesssarily have to be done by a certain country.

[barabut]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

Good point, this is an open market movements, it is uncontrolled so easy to expect that some body play with it to make profits. We will see much more fluctuations in coming days as I expect.

[2fresh]

Who says all that information is coming from the actual government? I bet multiple sources twist or thicken the story to their own benefit.

[blockman]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

You are thinking exactly the same as what I think but it's not just about them. The real thing about it is the one that you are trying to forget the issue of it's supply and demand. But who really knows if there is a sabotage in the market of bitcoin as it's a normal thing into something that is really profitable. Even in different business sectors there is a manipulation that's happening like in electricity, banking, retailing and other industries.

[sampalokmix]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

If that's the case I think they're not aware on what is written in bitcoin, not literally written but the characteristics per se of bitcoin, it is naturally madw being decentralized , in which no one can hold general control aside from his own account, this is what makes a bitcoin unique and yet doing some thing behind the scenes? I think thats abide the law.

[Merovius]

It is difficult to say whether this is really intentional manipulation of the bitcoin markets or not. When a large country like China puts bans or restrictions on bitcoin trading it follows from natural market forces that the BTC price will fall somewhat due to Chinese traders cashing out to withdraw or move BTC somewhere else, not to mention the FUD (fear, uncertainty, doubt) effect from the news itself, which tends to affect even non-Chinese traders on a psychological level. This does not necessarily suggest intentional manipulation; it is quite possible that the Chinese government simply wants to introduce regulation to this particular market sector and/or clamp down on fraudulent activity.

[Wipro]

Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free.

This is how corporates and illuminati groups always catch the international shares and ruling the most of the corporate companies under their control. Whenever the price starting to dump in the price index that time we have to be careful and should not sell out the coin for fortnight atleast. There is a supply issue will happen if mass holding happens from every side. Then according to supply and demand theory bitcoin price will bumps up.