evidence of bitcoin market manipulation

[plusalpha789]

In my opinion, credible evidence of market manipulation of cryptocurrencies, such as reported here:  https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/ …will cause governments to intervene, and cryptos could crash as a result.

Full disclosure:  I am short shares of GBTC (because of the 54% premium to bitcoin) and long a basket of cryptocurrencies (and overall, net long crypto).

[plusalpha789]

The TechCrunch article linked to above was only published today.  I wonder if it has anything to do with the decline in the price of bitcoin in the last four hours or so.

[emuLOAD]

Pulling Mt.Gox back into the picture in 2018 is... interesting. Clearly a poorly written hitpiece. There is a lot that can and should be said about crypto manipulation, but there again that would be a complex topic to eviscerate properly so let's just manipulate it even more with poorly ritten articles.

[jseverson]

I can't access the paper because you either need a) proper credentials or b) to pay for it.

The article itself is quite devoid of facts, quoting the meaty parts of the paper without actually revealing the sources and proofs. Does anyone have access to the paper? Were the bots confirmed to be real, or were they just suspecting their existence?

I have no idea how one or two actors can drive the price of Bitcoin up nearly tenfold, so I'm not really buying it, but this would be a huge blow if it were real. There's also the question of higher prices meaning greater resistance to manipulation. It would be awesome if we had more facts. The article is pure FUD either way.

[Dapper]

All markets are manipulated.   Just make sure you aren't the plankton. 

[emuLOAD]

I have no idea how one or two actors can drive the price of Bitcoin up nearly tenfold, so I'm not really buying it, but this would be a huge blow if it were real. There's also the question of higher prices meaning greater resistance to manipulation. It would be awesome if we had more facts. The article is pure FUD either way.

back in the Mt.Gox days there were very few traders, very few trades, very few exchanges, and, well, very few bitcoins around. Manipulation is easy when you control a large percentage of the traded7tradable currency, AND you control the majority of transactions.

As the article mentions, this today is unlikely to be what's happening to BTC itself, but it's more than possible that it's happening to plenty of altcoins, that are in similar if not worse situations of concentrated ownership and power.

[callmetonny]

Centralized holders such as exchanges (mtgox) definitely have the ability to manipulate the market, the government observation is actually good... What could happen if just a few mobilize millions at their own will in the shadowy cryptocurrency world? Most likely bans and regulations so indeed, centralization is what kills all the prospect BTC has

[pooya87]

The article linked to above was only published today.  I wonder if it has anything to do with the decline in the price of bitcoin in the last four hours or so.

only an idiot sells because of this article because it clearly is analyzing the events of 2013 and Mt Gox and it has nothing to do with 2018 and the current price! and i don't think there is anybody left that doesn't already know the fact that Mt Gox was controlling more than 85% of the bitcoin market and used that control to manipulate the price.

in comparison, like i have always said, the control of a single exchange today is less than 10% of the market.

by the way the article was published 2 weeks ago!

I can't access the paper because you either need a) proper credentials or b) to pay for it.

http://weis2017.econinfosec.org/wp-content/uploads/sites/3/2017/05/WEIS_2017_paper_21.pdf