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sindikat
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June 19, 2018, 09:57:53 AM |
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$ 65 million is not a very large amount. With the manipulation of the market volume of 300 trillion JPMORGAN earned more than 65 million. This is another PR company. For people, the regulatory authorities showed a show of their work. At the same time, everyone is happy and everything remains the same as it was.
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Panna1981 (OP)
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Activity: 36
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June 19, 2018, 10:51:39 AM |
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$ 65 million is not a very large amount. With the manipulation of the market volume of 300 trillion JPMORGAN earned more than 65 million. This is another PR company. For people, the regulatory authorities showed a show of their work. At the same time, everyone is happy and everything remains the same as it was.
I think you are right, but at the same time I feel that similar incidents are brought different in the media. Why do you think that is? Because of the smaller market cap a manipulation has more consequences? Because media is biased towards crypto? Because media is largely controlled by the same people heavily invested in traditional financing? By the way I don't get your sentence "this is another PR company". What do you mean by this? You mean JP or you mean the company behind the link I posted? |
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HeRetiK
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Cashback 15%
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June 19, 2018, 11:00:48 AM |
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It's almost as if regulations are worth next to nothing if the largest offenders are not meaningfully held accountable  Still I'd argue that pointing fingers at the traditional markets won't help anyone. Crypto needs to be better than that, but I'm afraid that market manipulation is hard to mitigate. I guess the reason for the recent focus on market manipulation within crypto is that people are looking for an explanation for its price increase. Since prescribing value to something virtual is rather counter-intuitive for most people, market manipulation is an easy cop-out explanation. (that is not to say that market manipulation isn't taking place. I just doubt that its the only reason for the recent rise of crypto.) |
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jseverson
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June 19, 2018, 12:41:40 PM |
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Lmao. This story kind of puts into perspective how much larger in scale manipulation in traditional markets are. Tether and its bullshit kind of pales in comparison, along with the allegations of exchanges with fake volume. Detractors can't point towards market manipulation as a downside to the crypto market if it happens everywhere.
I know that $65 million is a massive amount, but is essentially a slap on the wrist considering the magnitude of manipulation. It's still something compared to crypto manipulators generally roaming free though.
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satana_igor666
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June 19, 2018, 07:12:33 PM |
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The entrance of a new player to the exchange is always an event in the world market. Everyone will think that the crypto currency will be like manipulating the market. In fact, it is developing the market and trying to influence it.
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Kingofbitcoin12345
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June 19, 2018, 08:17:10 PM |
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This identity you’ve mentioned are biased on the higher level and the possible motives is visible in they’re actions.. To make it more convincing using mainstream media and victims of this so called crypto fraud is part of its propaganda..
Why it that so?? Mainly because they wanted to divert the attention of the people to crypto market mistake and manipulation than looking on they’re own Stock market manipulation for centuries..
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marielbeckham
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June 20, 2018, 12:56:34 AM |
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Don't you find it to be a bit shocking?
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Palmerson
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Live cams shows pimped with cryptocurrency
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June 20, 2018, 01:59:32 PM |
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Large capital always works under the cover of corrupt officials at the highest level. They can do anything. Any penalties for them are like a mosquito bite. Painful for but not critical. They can always earn a billion and pay a fine of 65 million so that the government can report to the people about the fight against fraud. It's cheap.
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veleten
Legendary
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Activity: 2016
Merit: 1106
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June 20, 2018, 02:30:53 PM |
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Lmao. This story kind of puts into perspective how much larger in scale manipulation in traditional markets are. Tether and its bullshit kind of pales in comparison, along with the allegations of exchanges with fake volume. Detractors can't point towards market manipulation as a downside to the crypto market if it happens everywhere.
I know that $65 million is a massive amount, but is essentially a slap on the wrist considering the magnitude of manipulation. It's still something compared to crypto manipulators generally roaming free though.
I wonder how the hell they found that out and,more importantly,why only now with the sudden revelations about Tether and the prices plummet across the board I think we are getting prepped for some major drop in price aka manipulation at a higher level 65 million is not even 1% of a daily turnover at some exchanges,so this is more of a signal than a real attempt to regulate things |
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thefaucetrunner
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Defend Bitcoin and its PoW: bitcoincleanup.com
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June 20, 2018, 02:35:22 PM |
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It's almost as if regulations are worth next to nothing if the largest offenders are not meaningfully held accountable Still I'd argue that pointing fingers at the traditional markets won't help anyone. Crypto needs to be better than that, but I'm afraid that market manipulation is hard to mitigate. I guess the reason for the recent focus on market manipulation within crypto is that people are looking for an explanation for its price increase. Since prescribing value to something virtual is rather counter-intuitive for most people, market manipulation is an easy cop-out explanation. (that is not to say that market manipulation isn't taking place. I just doubt that its the only reason for the recent rise of crypto.) means this is one of the causes of this week's falling market prices even very rapidly turns out that big investors are manipulating prices for their own benefit but we can not do anything if it does happen. |
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1Referee
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June 20, 2018, 03:09:44 PM |
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I wonder how the hell they found that out and,more importantly,why only now
with the sudden revelations about Tether and the prices plummet across the board
They can't find anything out. They just assume that it did happen or that it is likely to have happened. In the end we are coming down to the point where this may very well be the next attempt to defame Bitcoin's growth. Bitcoin according to most of the general opinions is nothing, creates nothing, is backed by nothing. For that reason, why should it have value? I won't deny that I think something shady is happening with Bitfinex and Tether, but as long as there is no actual evidence backing it up, there simply isn't anything that proves it is indeed the scam or empty put people think it is. Tether is as "trustworthy" as it was a year ago. Nothing has changed in that regard, especially not because of 'research' done by whatever parties. If the proof of fraudulent activities was present, Tether wouldn't exist anymore. Don't people here think authorities would love to see what's happening behind the scenes? If they wanted, Tether was raided a year ago already. The incentive isn't there. |
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KrishaBitcoin
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Activity: 350
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W12 – Blockchain protocol
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June 21, 2018, 02:42:00 AM |
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Any kinds of investments can be manipulated by anyone including by Warren Buffett and Bill Gates as long as you have the huge resources to be use as main tool of manipulating. They too could pump and dump any investments other than crypto to protect their own interest which is a natural strategy for some big time business tycoon. Therefore its unfair that they will just accused Bitcoin price movement of conspiracy while they are claiming that they are not and that they are cleaned. |
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Theb
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June 21, 2018, 06:40:50 AM |
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These financial institutions will always be caught as moving those large amounts of money will always get the attention of the authorities. Sadly the fine they are paying is nothing compared to what they have earned in the manipulation of the market, they would rather pay the penalty instead of facing jail time which I think is not possible for them, they would always make the company being in a "juridical entity" as a defense from this charges. What I want to see is that this kind of justice will improve and will also cover the cryptocurrency market, as the US government has an ongoing investigation about fraudalent fake bids, volume and important data being feed to us by known crypto exchanges.
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Kronos21
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June 21, 2018, 01:32:27 PM |
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These financial institutions will always be caught as moving those large amounts of money will always get the attention of the authorities. Sadly the fine they are paying is nothing compared to what they have earned in the manipulation of the market, they would rather pay the penalty instead of facing jail time which I think is not possible for them, they would always make the company being in a "juridical entity" as a defense from this charges. What I want to see is that this kind of justice will improve and will also cover the cryptocurrency market, as the US government has an ongoing investigation about fraudalent fake bids, volume and important data being feed to us by known crypto exchanges.
I also heard that the us government is investigating the fact of fictitious rates, but what can they do? It is impossible to prove that the bet is fictitious. All of these rates have real cryptocurrency security and from a legal point of view they are legitimate. It's going nowhere It seems to me that the exchanges themselves suffer from such rates due to lower sales volumes. They will be the first to come up with the rules of trading on the exchange to fight such manipulations. |
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palle11
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June 21, 2018, 03:57:06 PM |
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Large capital always works under the cover of corrupt officials at the highest level. They can do anything. Any penalties for them are like a mosquito bite. Painful for but not critical. They can always earn a billion and pay a fine of 65 million so that the government can report to the people about the fight against fraud. It's cheap.
That is why they will hide under the legal framework to delay the little justice because they have much money to wet the palms of who ever will let them off the hook, down to the witnesses. Is a pity case the difference between the wealthy and the poor. They manipulate the stock market, collide with the government officials to embezzle genuine investors money and won't go to jail. |
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Binugon
Jr. Member
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Activity: 182
Merit: 1
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June 21, 2018, 04:04:46 PM |
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Large capital always works under the cover of corrupt officials at the highest level. They can do anything. Any penalties for them are like a mosquito bite. Painful for but not critical. They can always earn a billion and pay a fine of 65 million so that the government can report to the people about the fight against fraud. It's cheap.
That is why they will hide under the legal framework to delay the little justice because they have much money to wet the palms of who ever will let them off the hook, down to the witnesses. Is a pity case the difference between the wealthy and the poor. They manipulate the stock market, collide with the government officials to embezzle genuine investors money and won't go to jail. such is the lack of crypto is the price can be manipulated by those who have large funds because the price is determined by the volality so it is very easy for them to raise or lower the price |
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Oceat
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June 21, 2018, 09:29:34 PM |
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It's been manipulated already since the "Whale word started" for early adapters of Bitcoin and those bigger names in the name of crypto they were millionaires or billionaires, so they do have the power to manipulate the prices of crypto market. Bitcoin market is not yet perfect but it is still useful and need some updates to fully catch up the advantage of the modern technology. And 65 million dollar is not that big enough for them, i think they already know that it would happen or maybe this is their plan B, just in case they fail which they really are. IDK this is just my opinion. |
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gantez
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June 22, 2018, 11:00:55 AM |
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Don't you find it to be a bit shocking?
The manipulation news isn't shocking to most traders. It comes as a FUD and sometimes, it looks as if it is going to pull the market down but whatever happens with it, the market will still regain its strength. |
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btc-facebook
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June 22, 2018, 05:49:24 PM |
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The one who able manipulate, IMO are they who played crypto ealier ! As I know bitcoin value depend on supply and demand so it's more easier for being manipulate rather than stock value ,right ? Don't you find it to be a bit shocking?
The manipulation news isn't shocking to most traders. It comes as a FUD and sometimes, it looks as if it is going to pull the market down but whatever happens with it, the market will still regain its strength. As for now, BitHumb exchange and other exchange often get hacked recently , that's really destroy bitcoin's popularity ! |
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