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lianghwajou (OP)
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June 15, 2018, 06:27:02 PM
 #1

Has anyone read this report from NyTimes?

https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html
Maveth13
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June 15, 2018, 06:52:59 PM
 #2


That's such a big speculation. It's just stupid that they seem to brag about that the paper had a huge effect:

Quote
The new paper helped push down the already sinking price of Bitcoin and other cryptocurrencies on Wednesday. The price of Bitcoin fell as much as 5 percent after the report was published, approaching its lowest point of the year.

While also saying that the paper didn't prove anything and is inconclusive:

Quote
The authors of the new 66-page paper do not have emails or documents that prove that Bitfinex knew about or was responsible for price manipulation... This method is not conclusive...

odolvlobo
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June 15, 2018, 06:57:05 PM
 #3

The evidence is all circumstantial and it is simply not enough. It reminds me of Newsweek's claim that Dorian Nakamoto is Satoshi.

When someone claims there is manipulation, they also need to show who is doing the manipulation, how they are doing the manipulation, and especially why they are doing the manipulation. They also need to show the results of the manipulation -- did the manipulator achieve their goal or not?.

Otherwise, it is all just unsupported conspiracy theory.

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June 15, 2018, 07:01:20 PM
 #4

I have to admit that if it's true at all, the irony of BTC being pushed up by non-existent USD funds printed out of thin air is a bit much.

I wonder if we'll ever get close to the truth though. Or at least some more detailed information, like with mtgox.
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June 15, 2018, 07:03:06 PM
 #5

illegal manipulation is creating ghost accounts filled with balances that had no real deposit/withdrawals.

the report says that bitcoin and tther(dollars) flowing in and out. so its saying that no "spoofing" occured
any 'manipulation. is not illegal just out of the ordinary. and yea because tther was used to skip the 3-5 day usual fiat delays exchanges were able to arbitrage in seconds instead of days. again this is not illegal, just something that is new to the fiat market becuse they are not used to being able to move fiat value in seconds.

the hype bubble of october 2017-december is definetly out of the ordinary speculation/hype/ not based on true value. but not based on illegal 'spoofing'

.
after re-reading the article a second time i came to the conclusion th NYTimes theen trid to take credit for a change in the price of 5% due to the releas it made.
funnly enough though is that bitcoin is known to have 5% variace often so that just made me laugh that NYTimes wants to grab some glory. it shows how desparate they are to try making themselves look like they are well involved in something, which they are not

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June 15, 2018, 07:21:31 PM
 #6


Now that the report has been released, they are blowing it out of proportion by propagating the news as if they have all the answers to the volatility in the price of bitcoin which then have a rubbing effect on the entire crypto market which is exactly the target. This is just a vehicle employed to achieve that objective. As Op have joined in this propagation it would do more damage in lending credence to it by positing for or againt it.
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June 15, 2018, 09:50:29 PM
 #7

It's easy for the media to stimulate the minds of the people and letting them believe that they already have found the solution in stopping bitcoin's long-reigning volatility in its markets, by publishing a single report without any substantial evidence that market manipulation is indeed that cause of all the market's volatility. I think that manipulation plays a part in volatility but it's not the only cause of it: there are other more plausible reasons that dictate volatility, and one simple fact is that bitcoin is a globally-open market without any restrictions as long as you comply with the prerequisites on an exchange, and then you can start trading freely. As for the previous rise to ATH, it can heavily be attributed to FOMO and public hype once one of the deemed 'psychological barriers' were broken, with also manipulation at the sidelines of course.

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boakyei
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June 15, 2018, 09:55:39 PM
 #8

I don't agree with such report. Bitcoins price  is not determine by so called whales and other top guys. It is a new ideologies being push out be bitcoin nayers to make others believe it is a manipulated price. Bitcoins price is determine by traders demand and supply and news from government, exchanges hack and other banking authorities moves.

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June 17, 2018, 10:38:45 PM
 #9

Have never read the report before but I some how agree to what was said in the article because the bitcoin market was not looking good after the some particular whales flooded the market with thousands of bitcoin. Besides, they even mentioned the price range that the price will dump to but I don't know if bitfinex were the one behind it though.

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badakjawa
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June 17, 2018, 11:34:19 PM
 #10

I don't agree with such report. Bitcoins price  is not determine by so called whales and other top guys. It is a new ideologies being push out be bitcoin nayers to make others believe it is a manipulated price. Bitcoins price is determine by traders demand and supply and news from government, exchanges hack and other banking authorities moves.
yes, I understand that demand also determines bitcoin prices, but you do not forget that whales also control some bitcoin markets.

why do not you believe that some bitcoin prices are not determined by whales? while bitcoin can be high by 2017, one of the reasons is a lot of whales.

and also, do you know that the cause of this long correction is due to high sales? and whales are part of them.
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June 17, 2018, 11:59:38 PM
 #11

Bitcoins is manipulated by whales in the market. They are doing this to enable the price to drop so that they can buy it cheap.

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June 18, 2018, 04:57:32 AM
 #12

the article is mostly exaggeration and it has zero proof of anything. it is the follow up of the drama that stirred up by the paper by John Griffin which is mostly an academic paper exploring the theories about manipulation rather than having that many facts and proofs.

in the end we all know there is manipulation in bitcoin market. specially these days that they are artificially pushing the price down but when the media starts picking up on it and makes it bigger than it is, then it turns into another bullshit to use to FUD bitcoin.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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June 19, 2018, 12:26:13 PM
 #13

I don’t think that there is manipulation possible in the valuation of bitcoin. Though the inflation or deflation in the valuation is influencing that the increase or decrease in valuation depends on the demand and supply of bitcoin and moreover the number of investors specifically the whales who use to invest bulk in the bitcoin. And I don’t think that this article is relevant even this is all shit written in this article this kind of manipulation is not possible in the valuation I guess.
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June 19, 2018, 05:14:09 PM
 #14

I think this is just a big speculation or FUD. Market is going up slowly and at this moment we all should avoid this kind of FUDs to allow the stability of the market.
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June 19, 2018, 05:48:26 PM
 #15

I think this is just a big speculation or FUD. Market is going up slowly and at this moment we all should avoid this kind of FUDs to allow the stability of the market.

This is not capable of causing any FUD because it is not seen as a new information. I guess most people here have heard of manipulation and me I don't get surprised when it is coming up on discussion.
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July 11, 2018, 10:53:49 AM
 #16

That is plainly speculation. There is simply not enough evidence who or how bitcoin price is being manipulated. This is just media trying to create news even if there is no news, trying to give false ideas to the people. Bitcon is decentralized and no authority can control its price.
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July 11, 2018, 11:11:36 AM
 #17

That is plainly speculation. There is simply not enough evidence who or how bitcoin price is being manipulated. This is just media trying to create news even if there is no news, trying to give false ideas to the people. Bitcon is decentralized and no authority can control its price.

good point when you also take a look at the time when the article was published. by that time we were guessing this but now we are sure. it is obvious that the media and all those behind this "talk of manipulation" wanted to manipulate the price themselves. that was mostly an attempt to increase the drama at that time because of the drop.

There is a FOMO brewing...
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July 11, 2018, 11:12:56 AM
 #18

It's easy for the media to stimulate the minds of the people and letting them believe that they already have found the solution in stopping bitcoin's long-reigning volatility in its markets, by publishing a single report without any substantial evidence that market manipulation is indeed that cause of all the market's volatility. I think that manipulation plays a part in volatility but it's not the only cause of it: there are other more plausible reasons that dictate volatility, and one simple fact is that bitcoin is a globally-open market without any restrictions as long as you comply with the prerequisites on an exchange, and then you can start trading freely.
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