Bitcoin Being Manipulated

[Stedsm]

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.

Be it demand or supply, manipulation had always been there. But it's not country based now as when China tried to back off of Bitcoins, there were holders and supporters who managed to take the price back to where it was. It shouldn't be considered manipulation but a "dump" of Chinese in their exchanges to shift their money from their own country to offshore countries and to its vie, others joined the "party". And I hardly believe there will be any in China who will now take their funds back to the country while their government is planning to "regulate" Bitcoin exchanges through licensing techniques. The drop may be due to one single country but buyback was being done by the entire force that was inserted through other countries being listed in the top 10 countries in terms of trading and usage of Bitcoins.

[mobnepal]

Yes most of the assets that is listed in trading platform are always being manipulated by rich guys and same goes for bitcoin. However its quite easier to manipulate crypto market because of very low marketcap and high number of newbie crypto traders.  

The one who have been with crypto trading for years have also bought large stack of bitcoin when it was being dumped due to Chinese BAN fud along with those rich manipulators from china.

[Jating]

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 think you have raised a valid point. That's how the market can be manipulated by certain individuals or entities from behind. You may add Jamie Dimon as one of the master manipulator when he announced that bitcoin is a fraud or like it to a tulip bulb. The price plummeted but they secretly bought huge amount of bitcoin at floor price and sold it when the price goes up again. It is very fraudulent, but no one can stop this practice because bitcoin is de-centralized. But as for China, I really believed that they didn't do it purposely, its that the timing of their sudden anti-bitcoin stance is not right.

[SUDARMONO]

I think so too, it's one of the big financiers or whales, by making negative news about bitcoin and following the big selling panic, that's where the game is started by the financiers by buying cheap prices, my advice for bitcoin users should not be easily affected by panic selling.

[fulmetal08larz]

in my opinion, this might be true because most of them who are investing in bitcoin are business minded and this is their way of doing their business - Always buy low and sell high. What we can do when the big players play like in this case, is for us small players to go with the flow or ride with the wave/trend of bitcoin's price volatility. We must know when to enter and when to overcome greed and exit when you gained enough profit.

[enterprevic]

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.

Exactly what I meant I didn't mean like it is being manipulated directly, it's just that since the chinese know that they've got a stronghold of the market they just make policies that cripple the currency so investors can buy during then when the price is low.

[Immakillya]

Well, we never know. That could be possible. Most of the big whales came from China. They can bribe some personalities or government staffs to create some FUDs to scare people and eventually sell their bitcoin because they are panicking. Also they could bribe media to spread and sensationalize the FUDs.  Look at JP Morgan CEO Jamie Dimon statement. The media sensationalized the statement and people buy their drama. There are rumors that they actually buying at the dip. Seems like a pattern to me. China drama don't work anymore. So another drama is created by Jamie Dimon. People buy that but not last long because people now are more aware.

[GreatArkansas]

For me it's because of people itself. People who are holding bitcoin when they panic sell. Also for fake news that are spreading about bitcoin, so the price can be affected. Since, it's decentralized digital currency , government don't own the bitcoin. We do whatever we want.

[azguard]

I think so too, it's one of the big financiers or whales, by making negative news about bitcoin and following the big selling panic, that's where the game is started by the financiers by buying cheap prices, my advice for bitcoin users should not be easily affected by panic selling.

Panic sell/buy have been around for quite some time. Many use this tactic to buy/sell bitcoin at the right moment.
Off course many follow news and make moves on what they read or hear sometimes this is good but we saw that news many times comes out late when all is over.

[iamTom123]

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.

When China made the ban on ICOs and later on Bitcoin exchanges, the market reacted due to fear of the unknown since China at that time was still a major player in the Bitcoin market. This is just a natural reaction from the market. Traders as well as speculators know that people would be reacting negatively to the news...that is why the value of Bitcoin suffered or got into the dip. It did not however made Bitcoin collapsed that why when there is a dip there would be many who would buy the coin because they are taking advantage of the opportunity. This is just a natural cycle for Bitcoin and there is nothing new here.

Now, if you are trying to posit the idea that China intentionally ban the ICOs and the Bitcoin exchanges so that the elites can buy more Bitcoin then that is just another conspiracy theory and certainly if you believe that then you don't really grasp the mentality and mindset of the Chinese government. The Chinese government has its own agenda and for now Bitcoin is not a part of that...in fact they are introducing their own cryptocurrency right now which they can control anytime unlike Bitcoin.

And when the price of Bitcoin dip it is not limiting the opportunity to buy more Bitcoin to the elites as the market is open to all as long as you have the money to buy.

[khufuking]

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.

Quite impressive what you are saying ! And do you release it is 100% normal too  , The price dropped because a lot of china BTC holders panic sell and they are a lot it is totally normal when that amount of people panic sell the price will drop hard ! and the price going up also normally after the panic wave of sell ended . You are stating something perfectly normal in crypto world .

[Ilegendph]

For me it's because of people itself. People who are holding bitcoin when they panic sell. Also for fake news that are spreading about bitcoin, so the price can be affected. Since, it's decentralized digital currency , government don't own the bitcoin. We do whatever we want.

The price of cryptocurrency is directly affected by the people involve or investors. News like those in china affects the mindset of amateur investors and do panic selling leaving an opportunity to those who still believe. And now those amateur investors have their regrets on believing and for those who believe , they now enjoy profits.

[Eric Nelson]

Bitcoin's rates is base on the Supply and Demand in the market. News, articles, and etc. are just a tool to manipulate the emotional state of the people but Bitcoin can't be manipulated by anyone. The only thing that a person can manipulate is spreading fake news to provide chaos in the market and make people panic.

[pootutus]

It's an illusion. Indeed, this bitcoin volatility has something to do with the Chinese government's policy. But I think most of the BTC is not in the hands of a government. The purpose of their repression should be that they do not want BTC to seize the pricing power of their own country's currency.

[mevmike]

i think there is not a single person on earth that can manipulate bitcoin.
or even a country, what happened during china ban is not manipulation which caused decrease in price.
but those are the results of weak hands selling their share for the fear of losing their investment.

[fishbonez11]

The price went down after China's bitcoin ban was more of the market's reaction rather than manipulation. Price went up after Japan's bitcoin move was also due to the same reason. Better get yourself acquainted with the market trend and current events, and you'll probably get the idea of how each country's decision or even giant businesses can affect bitcoin price.

[jenni161]

It's plausable that China bought bitcoins (and probably have bought also before recent events.) For China's goverment bitcoin is not perfect, but as I understand they have lots of USD, and they probably think it's better switch some of that to bitcoin.

I also believe what iamTom123 said above, they are probably planning to create a cryptocurrency of their own, but that may not have anything to do with buying bitcoin.

[farhaan]

It was earlier when china had most of bitcoins and people from other parts had very little share,chinese manipulated bitcoin price as their will by just dumping their bitcoins and creating a crash in bitcoin price.But now,its no more possible.

Bitcoin has reached far to almost all countries and there is a diversified huge buy wall.So,even if any one or a group wants to manipulate bitcoin price by dumping,then immediately it would be bought and price would recover.

Manipulation is even now possible in altcoin which has very low marketcap and not possible in bitcoin.

[cryptomato]

Bitcoin was being manipulated since its first day. There is no any single market (stocks, currencies, commodities) that is not under manipulation. It is not a big deal. Important thing is to be able to see which direction they are manipulating at that second.

[bitjoin]

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.

The bigger the market cap the bigger the players but with china the gov seem to get interested really early in bitcoins market cap growth, seems like they do a great job on controlling new variables over there.  USA gov were also interested very early back in late 2013.  With these super power govs come insiders and manipulation of markets.  Its all good though just hodl.