Us government has start probe in manipulation in value of cryptocurrency .

[aoluain]

"The investigation is focused on illegal practices that can influence prices --
 such as spoofing, or flooding the market with fake orders to trick other traders
into buying or selling"

They can investigate as much as they want but they are investigating a decentralised
global network, what are they going to find other than what we all speculate, think
and know? And secondly what are they going to do? Wgat can they do?
Very little IMO

anyway i dont like how the markets are manipulated either but as above,
its decentralised so we kind of have to accept it because it cannot be controlled.

[1715234090]

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[Altcoins enthusiast]

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

Definatly this is going to affect bitcoin and altcoins price because this manipulators are going to pull they find from the market.  This manipulations is not good for the development of cryptocurrencies industry as the blockchain technology was made to be a transparent system and not like the old financial system we have.

[wantjokull]

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 may or may not do that depending upon the results that it implies on the whole market at at the end of it. I think its anyway good news as it is campaign against the criminal activities involving the bitcoin and crypto currencies. I think it will hamper the criminals not the normal investors like us. Who knows by taking down the unwanted investments in the criminal activity might just increase the reputation of the crypto currencies in perfect way.
So I would say just stick to the plan and enjoy the ride and see where US government goes with this.

[rajkr]

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 may or may not do that depending upon the results that it implies on the whole market at at the end of it. I think its anyway good news as it is campaign against the criminal activities involving the bitcoin and crypto currencies. I think it will hamper the criminals not the normal investors like us. Who knows by taking down the unwanted investments in the criminal activity might just increase the reputation of the crypto currencies in perfect way.
So I would say just stick to the plan and enjoy the ride and see where US government goes with this.

Some big players are manipulating BTC price.Future and options crypto currencies trading fluctuate the BTC price most.Earlier  price movement was not limited  to such range for long time .But now its price are hanging  between 6kUSD to 10 K USD.Such investigation may bring more transparency and price hike for BTC.

[rajkr]

"The investigation is focused on illegal practices that can influence prices --
 such as spoofing, or flooding the market with fake orders to trick other traders
into buying or selling"

They can investigate as much as they want but they are investigating a decentralised
global network, what are they going to find other than what we all speculate, think
and know? And secondly what are they going to do? Wgat can they do?
Very little IMO

anyway i dont like how the markets are manipulated either but as above,
its decentralised so we kind of have to accept it because it cannot be controlled.

The price are fluctuating because of SPF because it is purely  basis on demands  and supply rule.The big players heavily buys or sells then other person pour the money, big playes do the reverse.

[jaysabi]

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

About damn time. Bitcoin is exactly the type of thing you would expect from an unregulated market and the reason we need these financial regulations. I have no doubt that spoofing and other methods of market manipulation are taking place. Those with the means of manipulating the market for their own gain are absolutely taking advantage of their ability to move the market to their own benefit. After all, if there's no regulation or monitoring of the trading systems, why wouldn't you? These fraudulent practices are still illegal and they still exploit people who don't have the ability to know when they're at the disadvantage. Our whole system is predicated on notion of equal opportunity, and clearly that is absent in this market. I am very interested in how this probe will turn out.

[localcrypto]

this is the good move will remove he misconception of many newbies that is manipulation of bitcoin price this will remove from their beliefs

[carlisle1]

News influences the decisions and feelings of traders and thus the price of Bitcoin.
Personally, I agree with this type of regulation especially against FUD, ICOs, and fake bumping.
If this news is real and the implementation in very large, the price will fall in the short term but will grow healthy in a long time." will be the beginning of the acceptance of the Bitcoin in dealing."

Great views,yes the effect may bring a big dump because this may take a correction but the long term will benefits all of us who trust this community.

If this topic is indeed and there will be a sanction that might happen then truthful market is will be on the go in future,not like now that it seems like a fake marketing,when manipulation is controlling the whole cryptocurrency

[LeGaulois]

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

[sevenbits]

The US government resembles an elephant in a store with utensils. A lot of noise, a lot of rumbling and little good. When governments only pay attention to the crypto market (not only American), I feel sad, because there are very few adequate initiatives.

[Getcoinsite]

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 just locked mate,but this must bring to justice.i have a great feeling that this scammers are same persons that victimizing cryptonians over and over again using new projects one way or another.

Majority of members of this community once become a victim,either investing or participating in bounties.thats why justice must be served and this US action will benefits all of us maybe not for today but for the future

[Thian778]

regardless on what really happen or happening they learn a minor factors that they can trick some people when it comes to manipulating the prices of Bitcoin in certain exchange but we can not say they have the total control of what prices or value is to publish every now and then.

[Bianxee]

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.

Its good if they focus on it actually it has nothing to do with manipulations in the market it will not be out of it. This news has a lot of mean and a variety of emotions that we may feel and thinking that how this really works after all.

[wuvdoll]

In a relatively unregulated and globally-active market, why would the US spearhead the probe into illicit trading? This means they already have interests on the said market and are looking for ways to tax the exchange operators hard alongside the users. What I want the US to do is a major crackdown on illicit ICOs as they're the ones who's causing major trouble in the cryptospace right now, and market manipulation will always be there no matter how many investigations and probes they'd do. Also, have a peek on traditional stock markets and see whether market manipulation is present or not.

They obviously had interest all along, and we know how much they kick against illegal and illicit trading right from the onset. Although they made a valid point, that a manipulated market by investors will end up being perceived wrongly, and let's face it, that is not good.

I know how much manipulation of some cryptocurrencies can be so annoying as a trader just because some whales always see it as an opportunity to use pattern and volume to deceive traders into getting a position and these days it has become a huge risk to trade the cryptocurrency market, but like you said anyway, it is a decentralized market, so all these kind of stuffs are bound to happen.

[btc78]

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

[Kronos21]

It's impossible to track fake warrants. If I placed a sell order and then changed my mind and canceled it due to a trend change in the market. Who can determine this manipulation or not? It's unreal. I see big orders on all exchanges, but they don't affect me. I don't pay any attention to them because they are cancelled until the price of coins approaches their level.

[Theb]

I don't think that the news are matching up again. I have read about this before and it is said that the U.S. government is keen on investigating the transparency of the exchanges, they are here issuing about the "fake bids" being shown into their system electronically but not the "fake bids" being issued by traders. You see the thing about fake bids being issued by traders is that bids are always have the potential to be matches fake bid electronically aren't. If they prove that this exchanges are the ones manipulating the prices than that its a different thing as it involves fraud to a higher level.

[Olatunjex]

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 will affect the market in positive way, the market price manipulation has become the order of the day by whales. 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.

[weeklyeth]

Us government tired in Ico and now in the blockchain, Us GOVT somehow want to get into their grip of all crypto is currency and bitcoin trading they don't want it to be in decentralised manner

[bengsabeng]

it greatly affects bitcoin prices, they manipulate prices so that prices can be controlled. but to do so requires substantial funds. I think it can only be done by people who have big capital.