Bitcoin Manipulation Cartel — Price Suppression is their Goal

[aoluain]

When the futures came in everyone was so sure that the prices will rise again and unfortunately bitcoins started their downfall from that day onwards so I think that this theory might hold some truth too , since even till now the price has been down.

I do think that whatever they could do they have done. They cannot decrease the price any further .. now the price has been stabilized and we need to wait for the upsurge.

I remember a post by someone just before the futures were launched stating
that futures would have a negative effect on bitcoin, and I also agree that it
seems like they have suppressed growth but that could also be coincidence.

If there is a conspiracy theory as in the OP how would they actually control
the market? Wouldnt they drive the prices wild and pump them to their
own benefit . . .

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[droptableguy2]

This cartel are really expect and interconnected to each other and I think they control basically everything including governments.  Bitcoin has been having a very bad time because this cartel are selling off they holding and many of them buy when bitcoin was very low in pricing.

This cartel was born with clear and powerful strategies. The appeal of the community is so good that its competitors are scared. And bitcoin was once awkward as the appearance of the cartel caused the bitcoin to fall. That further demonstrates, it reduces the target is entirely possible.

[peter_coin]

Bitcoin and wall Street trading is almost alike, both of them are tradable and as such many people tend to have a lion share of the quantity available, so these people tend to manipulate prices in their favour. Someone who has alot of BTC usually called a whale would be able to manipulate the market to suit his selfish interest, this is what we face regularly in the cryptocurrency market.

[Bitfling]

Most peoples will think CME futures is good for bitcoin because trillion dollar will buying bitcoin but its appears not good for bitcoin because bitcoin futures is not selling and buying bitcoin physical but its just contract paper. But end september ETF seem approved by regulator and if ETF approved, i am believe bitcoin price will rising

[odolvlobo]

They consist of CERTAIN Traders, Agencies, Big Financial institutions & Media (I can list many more but let’s keep it limited). They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression.

Don't be stupid and expect everyone to just accept what you write.

If there is a cartel that consists of "CERTAIN" people, please list those "CERTAIN" people and provide the evidence that you have that shows that those "CERTAIN" people are working "in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression".

Otherwise, your are just spouting nonsense and there is no reason to believe anything that you say.

[BitHodler]

Most peoples will think CME futures is good for bitcoin because trillion dollar will buying bitcoin but its appears not good for bitcoin because bitcoin futures is not selling and buying bitcoin physical but its just contract paper.  

Most of the hype was indeed related to people believing institutions would pump billions in Bitcoin's market, but it turns out to be a product for those looking to bet short or long, which in the last months has been more short.

I however don't see them as one of the main drivers for the price to go down. It's pure coincidence that the futures are signalling shorts during a bear market. In other words, the price would go down regardless of CBOE and CME.

It's however not a cool story that the market tanks because of a lower overall demand. If you want to sell articles you have to point at the futures and Tether and government crackdowns as to why the price tanks.

Welcome in mainstream media land.

[goshay97]

Of course the cartels are manipulating the price.  They have already been caught doing it with gold and silver.  If you don't think they are in here suppressing the price so they can continue to hold onto power you have been asleep and are part of the problem.