Experts Say: Last Year’s Bitcoin Prices Were Manipulated

[djhonson196]

What researchers have to say:
Researchers have come to a shocking conclusion that at least half of the rise in the prices of major cryptocurrencies and bitcoin may be due to a concentrated campaign of price manipulation. This came to light from recent papers published by John M Griffin and Amin Shams from the Department of Finance at the University of Texas.

To know more on https://www.globaltechinsights.com/ast-years-bitcoin-prices-were-mmanipulated/

[bob123]

Researchers have come to a shocking conclusion that at least half of the rise in the prices of major cryptocurrencies and bitcoin may be due to a concentrated campaign of price manipulation.

Bitcoin exchanges are working in an unregulated space. Whales with massive amounts of money are taking profit where they can.
So while it indeed makes sense that the price has been manipulated up to 20k $, it also has been manipulated down to 6k $.

And this manpulation game did not stop yet. And it probably will take quite some time until the manipulation has been decreased to an 'acceptable' level.

Currently the two best options are to either (1) hold long-term and don't care about short-term swings or (2) play the game and try to get the most out of it.

[BTCLovingDude]

these aren't "experts" they are more like "attention seekers" who take the hot topics of the day and then start talking about them without much of an understanding of what is going on.
when you are in the market for a while you know that there are manipulations taking place, a lot more in altcoins than in bitcoin but they are always looking as "shocking" and big to outsider newbies who jump in from outside!

[sabrikks]

That's what you will get from an unregulated market, price manipulation will continue to exist this year also unless there will be some kind of regulations for the exchanges

[Harlot]

I think we all know it by now. With that kind of price rally even the price prediction of 10,000$ by the end of the year seems to be impossible for almost the majority of the traders. With the leftover data from the past price action of Bitcoin it is now easy to connect the dots after the price movement has took place. But I do believe that the price manipulation itself triggered other smaller groups to be part of the price movement itself. Having a ripple effect in this market is easy as it is unregulated unlike other markets observed by the government.

[djhonson196]

For more info related to Bitcoin Prices Manipulation read here https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html

[ishinn99]

Researchers have come to a shocking conclusion that at least half of the rise in the prices of major cryptocurrencies and bitcoin may be due to a concentrated campaign of price manipulation.

Bitcoin exchanges are working in an unregulated space. Whales with massive amounts of money are taking profit where they can.
So while it indeed makes sense that the price has been manipulated up to 20k $, it also has been manipulated down to 6k $.

And this manpulation game did not stop yet. And it probably will take quite some time until the manipulation has been decreased to an 'acceptable' level.

Currently the two best options are to either (1) hold long-term and don't care about short-term swings or (2) play the game and try to get the most out of it.

yes, your response are true and this is really what happens in the crypto world. Manipulations will never stop and it will be worsen as time goes by since more and more whales are joining the crypto world.

[Pan Troglodytes]

But of course it has been manipulated! It has been known as "pump and dump" scheme for years already! Those researchers should at least know the most recent history of their field...

[Jabiii]

This is the result of an unregulated market price. This manipulation of prices in bitcoin will continue as long as the unregulated market is existing. Don't expect that this will be gone. It will continue all throughout the years.

[NeuroticFish]

from the Department of Finance at the University of Texas.

We kinda expected this shocking (lol) news. We know that whales manipulated and manipulate the market both up and down (pump&dump). So they didn't give me any new info.
And the ones not believing it's manipulated, will clearly continue to not believe, since they'll expect the guys from "Department of Finance", even at an university, to have strong ties with the banking world (thus having no credibility in this matter).

[Crypto_Sassy]

Expert says only to hodl. Rest of them are just paid shills. Sometime they will tell you it will reach 1 million dollar USD and some time they will tell it is a bubble that is going to burst.  You do not need to read outside advice. If you read  in this forum then you will understand that this forum has large number of experts and they give their opinion honestly. (No paid shills)

[kumar jabodah]

It may be because of manipulation. But I'm looking at it because of the huge demand of Crypto last year. Think of it as a series of news releases on Televisions and radio reasons for newcomers to invest in bitcoins. Thus, when the price of bitcoin was thrown, whales sold their bitcoins. So the price of bitcoins suddenly fell again this year

[jseverson]

So basically, they found that Tether was used to manipulate Bitcoin prices? What a shocker! _/s

But yeah, this sucks. I know Tether's market cap is completely dwarfed by Bitcoin and the entire crypto market as a whole, but I feel like its collapse will still send everything spiraling down. I also feel like that collapse is imminent. We'll see though. I'd rather ride this out.

[O9NpJ9ld1opS]

Yes, there were a lot of statements made regarding this manipulation. The prices rised nearly 20X in 2017, which doesn't looks like an organic growth. The role of Tether in manipulation was indeed big I guess. There are investigations going on regarding these manipulations. I think Tether should be banned, but it's effect in the market will be huge if that happens.

[jemine]

What researchers have to say:
Researchers have come to a shocking conclusion that at least half of the rise in the prices of major cryptocurrencies and bitcoin may be due to a concentrated campaign of price manipulation. This came to light from recent papers published by John M Griffin and Amin Shams from the Department of Finance at the University of Texas.

To know more on https://www.globaltechinsights.com/ast-years-bitcoin-prices-were-mmanipulated/

I agree with The massive increase in the price of bitcoin in the last quarter of last year was a pump and not an organic growth. The price keep on increasing without much fundamentals.

[Kprawn]

Why does this come as a shock to everyone? How can the price of a commodity increase by 800%+ in a few months and there

are no manipulation going on? Nobody complained about this when it happened, because they were making huge profits at

the time, but now when the price is going down... everyone wants to get out the pitchforks! Just get over yourself and ride

out the storm.     ....Even the SEC is involved in this Witch hunt now. 

[sniper23]

Without manipulation bitcoin would always be stuck below $100, well I think...

Thanks to the manipulation it came this far...

[franky1]

its called arbitraging and is not manipulation.its just using the currencies to move between exchanges faster that fiat wire transfer to take advantage of prices

EG
the USD-BTC when the price goes up. people are doing alot of USD trades to get bitcoin.
but when the price goes down. people dont want USD because it takes 3-5 days to move that USD out to another exchange that might have a lower price.
so yea people swap BTC for tether. (to not impact the USD drop) and the move the tther to an exchange and then buy bitcoin at a cheaper price..
then move the bitcoin back.. buy mor tether. and move the tther to a cheaper ecxhange again to buy more bitcoin cheap..

arbitrage is a normal trading tool. its jsut many fiat economists dont really see price movements and arbitraging happen in minutes bcause they are used to seeing it happen over days due to old fiat banking restrictions/delays. which by using tethr dont have these delays.

thus its not manipulation and not spoofing/illegal acts. its purely being able to move funds faster than the banking fiat system can offer.

that said the november-dcember spike was definetly speculative and not based on logical value rise so i agree that half the price (anythng above $9k) was beyond the scope of 'value' which is why it corrected itself by february.

[awawo]

While the big players in the crypto market are taking advantage of the volatility of the Price of crypto currency they easily manipulate the market by pumping and dumping the coins and cash out they profits, this will not end any time soon so the best advice to small investors is either to hold for long looking away from the swing in the market or you play along with the game by cashing out when there is a little profits.

[realcrypto]

I know that bitcoin appreciated to about $20,000 last year, It was not as a result of manipulation but as a result of numerous bitcoin fork that took place last years. If someone have bitcoin in a wallet or exchangers that support the fork, some percentage of the newly fork coin was given to the person so that prompted high demand of bitcoin last year.