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Author Topic: Us government has start probe in manipulation in value of cryptocurrency .  (Read 279 times)
batang_bitcoin
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May 29, 2018, 06:59:08 PM
 #41

It will affect the market in positive way, the market price manipulation has become the order of the day by whales.
With what we can see the price surged for a while and is now getting back a little bit so many of these whales are starting to manipulate it again.

This move would allow crypto enthusiasts have faith in their investment on btc as well as altcoins because whatever happens to btc affect all altcoins, i think frequent dump will reduce drastically.
It's hard to assume that dumps will be reduced, you don't know yet on how the crypto market works if you are into it for a year then you understand how it fluctuates. This can be a boost to the investors but for now it can't stop the dumps.

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May 29, 2018, 09:07:33 PM
 #42

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe
While I do not remember reading any reports like that I always assumed governments will try to manipulate the price of bitcoin, the problem is that it is a lot harder than they think if they buy bitcoin to crash the price later they will be investing huge amounts of money only to lose them later and while they can afford that right now, as bitcoin becomes more valuable then that manipulation becomes more expensive.
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May 31, 2018, 07:03:26 AM
 #43

But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC
I think they are just wasting their time trying to control every exchange. Instead of probing into the so-called "illicit tactics" of crypto traders, why not they track down "scam ICO's" first? Why focus on "ilicit tactics" when they can easily formulate a more strict regulation or implement regulations on crypto to fiat transactions that will help them limit the capabilities of what they refer to as "Illicit traders"?

Because it's a waste of time. Everyone can buy a domain, hosting anonymously, set up a website and create his own ICO. Even if they try to fight the ICOs market they can do it only in The US. If I am a European citizen why shall I follow an American law? On the top of that ICO is also the new way to raise funds for startups
This is the sad reality,thats why this scumbags continues to victimized investors and specially campaign participants who serves as instruments to gather potential victim because of their advertisements.

I have nothing to suggest instead i will Pray that someday this illegal works of this people might end and karma comes to them as part of their sins to others
This is so embarrassing for this human race that we never ever retained something so piety, virtuous and clean. We always want to demoralize and victimize the thing and want to inject out the best results illegally. Right now, hundreds of people are just doing this. Despite being decentralized, bitcoins are still being damaged internally and externally and that is so hilarious.
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May 31, 2018, 07:23:48 AM
 #44

But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC
I think they are just wasting their time trying to control every exchange. Instead of probing into the so-called "illicit tactics" of crypto traders, why not they track down "scam ICO's" first? Why focus on "ilicit tactics" when they can easily formulate a more strict regulation or implement regulations on crypto to fiat transactions that will help them limit the capabilities of what they refer to as "Illicit traders"?

Because it's a waste of time. Everyone can buy a domain, hosting anonymously, set up a website and create his own ICO. Even if they try to fight the ICOs market they can do it only in The US. If I am a European citizen why shall I follow an American law? On the top of that ICO is also the new way to raise funds for startups

There are no reason why you would follow an American law, but the laws made in the USA might trigger global action from other countries, to do the same. One of the functions of the SEC is to protect the consumer and if they can shutdown only 1 large ICO based scam, then it would cause a ripple affect in the scammer community.

I want them to make an example of these criminals that are hurting our efforts to grow Bitcoin adoption and this must trigger a global hunt for scam ICOs and Ponzi schemes.

They are breaking down all the hard work that was done, since Bitcoin was introduced back in 2009.

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June 01, 2018, 05:21:37 PM
 #45

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe
I was reading this news today and honestly I believe this is a good thing for the space.
The manipulation is obviously becoming annoying and rampant that even the whales end up robbing it on your face.

More like they always try as much as possible to sometimes send the wrong signals so some traders can flop and at the end their stop loss getting hit while they make a huge amount from it. This is crazy and should be stopped and all the things said in the article are pretty obvious and glaring which I am sure so many traders must have seen.
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June 01, 2018, 06:51:35 PM
 #46

it is a good sign actually. i dont think it can affect to crypto market in negative way. however the question should be what are they going to do and how can they do it? they will try to check the exchanges that are under their control only. that is only the thing that they can do and it will make no affect at all.


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June 02, 2018, 08:20:14 AM
 #47

I think they are focusing on ICOs and alt-coins, which are generally scams about manipulating price, supply, etc. It would be very healthy for the crypto world if they locked up a bunch of these scammers.
Really going to be healthy, although they made mention of wash trading and some crazy stunts pulled by some high volume traders in the market and how they are going to be traced and dealt with. Actually, it has always been against the law to manipulate the markets, and from the look of things, I guess due to the decentralized nature of the market, some big traders have used that several times to deceive traders into entering a position while turning themselves to mind readers and using that manipulation to enrich themselves.
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June 02, 2018, 09:53:40 AM
 #48

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

Negative news like this will affecting on market psychology and make many peoples panic. But in others side, its good for market condition because next time, trade will be more fair

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June 04, 2018, 02:59:32 PM
 #49

It will affect the market in positive way, the market price manipulation has become the order of the day by whales.
With what we can see the price surged for a while and is now getting back a little bit so many of these whales are starting to manipulate it again.
The move upward that a lot of people must have seen as a bounce actually seems to me like it is highly manipulated and we are going back down to still go test the downtrend line anyway. I hope this can actually be thoroughly monitored if possible, as sometimes; it is giving the wrong impression.

It seems though that the market even looks more manipulated than fiat as it is or maybe we should get used to the manipulations and find ways to stay safe from making too much activities on the market until a confirmed signal.
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June 04, 2018, 04:37:42 PM
 #50

US government is doing a lot of research and blocking all areas where bitcoin truly behave like decentralized trading they want to protect US citizens from bitcoin fake pump

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June 04, 2018, 06:36:32 PM
 #51

Speaking of price manipulation means leading to traders, it is certain that the pope has played a role in this. Now it is clear the government only needs to probe the peoples who play in it, not the price.

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June 04, 2018, 08:33:01 PM
 #52

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

It's true the price of bitcoin and other cryptocurrencies are being manipulated by this report, The US government has decided to take a look and started a probe into Bitcoin price manipulation. The probe is in Still its early phases, the criminal probe will bring in other agencies, like the Commodity Futures Trading Commission (CFTC), a regulator that oversees bitcoin derivatives according to sources.
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June 05, 2018, 06:55:53 AM
 #53

it is a good sign actually. i dont think it can affect to crypto market in negative way. however the question should be what are they going to do and how can they do it? they will try to check the exchanges that are under their control only. that is only the thing that they can do and it will make no affect at all.
Yes the US government has started this probe in the manipulation of the crypto currencies but I do not think it is something very bad as long as it does not lead to tax implementation. This is just a check on the crypto market to eliminate the scam coins from the crypto market. The prices of a coin can only be high or low as a result of the market invisible hand and the demand for that specific coin. Besides, there has been no government regulations over the crypto market as a result of which the technology also suffered due to frauds. This step might lead things in a good direction. So I do not think it will affect Bitcoin.
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June 05, 2018, 06:56:44 AM
 #54

It will just help the government learn about cryptos for them to design the regulation accordingly..

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June 05, 2018, 11:26:47 AM
 #55

I think they are focusing on ICOs and alt-coins, which are generally scams about manipulating price, supply, etc. It would be very healthy for the crypto world if they locked up a bunch of these scammers.

Not only ICO and altcoins but all cryptos and to be more specific they are focusing the Exchanges platforms to fight against traders who practice "spoofing" and "washing" methods, making fake orders, etc.
But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC
Honestly, spoofing, washing and fake orders has become so rampant. These are the things I have noticed myself since I started trading cryptocurrency and the truth is that it can be very frustrating sometimes, knowing that even with some certainty of change of trend, there are just some set of people who pretty much use that opportunity to crack up on making huge gains from stop losses. It is pathetic and should be stopped, as that gives you more stress trading and thinking of the possibility of manipulations at the same time. However, like you said, it would be hard since this can only be applicable to exchanges in the US jurisdiction. It is a decentralized market and I guess we just have to get used to that.

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June 05, 2018, 02:45:13 PM
 #56

That’s good for the crypto market, I guess. Initially the price will fall but after that we will see a healthy rise in its price. This would lessen the manipulation of the prices in the crypto market by the scam ICOs and Altcoins launched for the purpose. So yes, this step by US government to check the manipulation of the value of crypto currency will have some affect on the price.
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June 05, 2018, 06:50:38 PM
 #57

But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC
I think they are just wasting their time trying to control every exchange. Instead of probing into the so-called "illicit tactics" of crypto traders, why not they track down "scam ICO's" first? Why focus on "ilicit tactics" when they can easily formulate a more strict regulation or implement regulations on crypto to fiat transactions that will help them limit the capabilities of what they refer to as "Illicit traders"?

Because it's a waste of time. Everyone can buy a domain, hosting anonymously, set up a website and create his own ICO. Even if they try to fight the ICOs market they can do it only in The US. If I am a European citizen why shall I follow an American law? On the top of that ICO is also the new way to raise funds for startups

The point is if there's laws against it, you won't be setting up the domain from the United States or taking American investors. If you do either, you're bound by the American laws surrounding such activity. If not, you're right that you probably wouldn't care about the American laws since no part of your operation touches America so there is no jurisdiction. However, Kim "Dotcom" tried to hide overseas while he ripped off the intellectual property of thousands of American companies, and look how well that turned out for him. Being an EU citizen won't protect you from violating American laws, especially considering so many EU countries have extradition treaties with the US. You think you're anonymous and untouchable? So did Ross Ulbricht.
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June 05, 2018, 07:59:38 PM
 #58

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe
I think that this is an attempt to solve the problem that the market is facing today and that is the existence of many ICOs that are legitimate scam, which are flooding it, they are creating fake purchases on tokens and coins just to trick traders into investing in them which lead to manipulating the market in a way, and this might have a big influence on the bitcoin price maybe not immediately but in the long term.
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June 05, 2018, 08:04:33 PM
 #59

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
It is a really good initiative taken by the government and it will have an immediate effect on the price manipulation and we will have a stable movement in the future without any undue price rally in both directions, if they find out the manipulation how they are going to handle things is interesting and they might impose huge fines for the people behind it.

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June 10, 2018, 08:39:21 AM
 #60

Of course, the price was manipulated. Anytime there is an opportunity to manipulate the price of an asset and make a quick buck, somebody does it.

Long-term effects? Tight regulation on crypto trade.
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