Exchanges are dropping BTC price on purpose

[sann111]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

[LoyceV]

As these exchange sites are dropping BTC

Any proof?

[avikz]

Why do you think exchanges are dropping the price? Do you have any documented proof to support your argument?

The price is decided by the free market rule and exchanges have no control over it. The supply is higher than the demand and hence people are willing to pay less for each bitcoin. That's the reason why Cryptocurrency market is going in red. That is the basic price determination factor of any Cryptocurrency.

[trumper]

If you think of that prices are determined by exchanges and coins are actually sold by exchanges, you're right  We all determine the price, exchanges have no effect on it.

[aso118]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

If they have the ability to drop Bitcoin's price, they aren't an exchange - they are more in the market-maker mould. Whales dumping and causing the price to drop are problems which Bitcoin has faced since time immemorial. In this particular drop, an incompetent liquidator of Mt Gox's bitcoins seems to be doing the most damage. Unless Bitcoin's liquidity improves, we are going to continue to have problems.

[dewi91]

no one can control bitcoin price include exchanges, bitcoin price control by supply and demand. if exchanges control bitcoin price may be the price in each exchange will be different and the market will be chaotic and that is the end of bitcoin. I think you should learn more about bitcoin.

[joebrook]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

Iam not sure its the exchanges but i am certain that someone with a huge quantity of bitcoins is selling them and that is why the prices are currently dropping because i don't see any FUD happening anywhere yet the value is still going down.

[lopez cryptomania]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

I feel your frustration right now, just HODL is the best advice I've been given. Regarding exchanges here's one that I support what they are doing by leading in the masses through arbitrage trading that would settle the volatility issue we have in this market, which is what keeps so much money on the sidelines.

https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480

[GoldnOil]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

but why would they do it....  doesn't make sense.  they are making millions on transaction fee then why dump or pump the price.....  

would love to see some solid argument.....  that how they profit from falling prices...?

[dothebeats]

I know for a fact that some exchanges tactically pause trading operations once a peak is achieved so as not to have a massive crash in an instant, but altering the prices real-time is new. Also, some Chinese exchanges have been faking trade volumes but has never faked the prices. This needs some sort of solid evidence since this is yet another slander on exchanges' part; maybe you have just saw a massive crash when a particular user dumped lots of bitcoins? It still boils down to supply and demand, and exchanges are only there to facilitate the trades going on between the two parties.

[Washball]

Exchanges cannot drop the price. And it also is not just one or two whales who are dumping, it looks like the mainstream and many more investors are selling out. Governments will regulate worldwide, cryptocurrencies will be centralized and taxed. This is scaring of the investors, so they sell out and the price drops heavily.

[Patatas]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

lol this is what happens if you start trading bitcoins without studying its  eco-system.This is just the start,I want to see these kids freak out considering the amount of faith they put in these exchanges and the bitcoin rates.

If you think of that prices are determined by exchanges and coins are actually sold by exchanges, you're right  We all determine the price, exchanges have no effect on it.

They do! They can heavily manipulate the prices! You can easily check that yourself.Go on an international exchange to check the price of a coin and compare it with your local exchange,you will see the difference.

[trecore4]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

The drop has got to do nothing with the exchangers or their act on the altcoins in negative way. The story of this is everywhere on the forum and if you read carefully then you will come to know that what happened currently is gox a guy with more than billion bitcoins sold his most of the coins and thus dumping the prices of the bitcoin. The altcoins dropped because of the indirect effect of the bitcoins drop as people tend to get panic reactions and thus selling the altcoins as they are scared currently. This is normal I believe and there is contribution of any exchanger into this so don't mix up things here. Just know the true news from the forum itself.

[aardvark15]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

If the exchanges were selling Bitcoins then it would be in their best interest to raise the price rather than dropping it. If an exchange is legitimate, then they don’t really care what the price is as long as as people are trading coins. They get paid from the fees so the more trades the better. Therefore, the more volatility the better. This volatility is just a natural occurrence in an open market.

[SoliDCoiNs]

Exchanges can't manipulate any coin price just because it's theoretically impossible. Of course, they have a huge income that could be used to manipulate prices but I don't see why they would want to do that. Exchanges earn massive amounts of cash every day collecting order fees and they definitely wouldn't want to drop the prices because growing market cap means more orders - bigger revenue. Maybe they are doing a completely different thing - pushing a lot of money to stabilise the market and don't let it crash. Exchanges like Binance and Coinbase are very concerned about their place in the whole ecosystem and they are spending a big portion of their revenue for security, marketing, promotion, even salaries. I think they can even pay out huge checks to hackers and media so that words about potential/happening hackings don't spread like germs and they can keep their cool image together. They can be paying hackers to attack other exchanges because after all they are all opponents in this business. There are obviously Big Guys standing behind exchanges and you can't tell what's happening most of the time but they can't start sinking the price down because they are earning a shit load of cash every single minute. Either way, stay strong and don't get scammed, that is a bigger issue right here!

[gd432]

It is clear that Mr. Satoshi Nakamato has a high-tech trading bot installed on almost every major exchange, and constantly fiddling with the price.
I love these simultaneously orchestrated 1000$ ups and downs of bitcoin happening in a flash. These are all good efforts to bring in more money into the system, and it works.

[maaydin]

what is the purpose of exchanges to drop btc, what do you think why they are doing this kind of thing when they earn so much from commissions and why to drop it as it drops the trading volume as well drops by cutting earnings.

[darkangel11]

Exchanges cannot drop the price. And it also is not just one or two whales who are dumping, it looks like the mainstream and many more investors are selling out. Governments will regulate worldwide, cryptocurrencies will be centralized and taxed. This is scaring of the investors, so they sell out and the price drops heavily.

You obviously have no idea. If all investors were selling then you'd have a continuous downtrend since January. Instead you had the bottom, followed by the head and shoulders pattern and s decent move up, which shows that there's a lot of demand and people are actually interested in buying. Now you had a major FUD about Binance and some people got scared. It happens, but we are still above the bottom and almost certainly going to bounce back from it if it gets retested.

[felipe04]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

That's not true and if it's true they need a lot of money by doing that

First of all price of many coins there are base in users like if they buy that in high then users sell in low so think if they cheat like the price is base on trading site they will pay a lot of transaction by that kind of cheat because they drop it on purpose

But still there always a possibility

[Jating]

As these exchange sites are dropping BTC, all our altcoins are going dead. This is not fair. This is cheating.

The price are dropping in exchanges because there are investors who are dumping bitcoins right now. Exchanges have nothing to do with the current price movement, its us, traders and investors who make the price moves.

I hope you know that this market is based on speculation and if there are bad news that comes along, obviously investors are cashing it out resulting to the current price going south.

I suggest you do your homework and research what affects the price movement. I'm sure that you are very frustrated to see the price going down again. But you don't have to blame exchanges, blame the whale or shall I say Mt. Gox trustee from Japan who dumps $500 million worth of bitcoins.