The SHADY side of the Crypto Industry

[Kakmakr]

Let me summarize this article for you quickly, because it adds nothing that we have not seen in other similar attacks on Crypto currencies.

1. Bitcoin got pumped to $20,000 with the help of unbacked Tethers. 
2. CoinTelegraph is the Fake News Cartel. 
3. All ICOs is a scam. 

1. Strange, a lot of my friends do not own Tether, but they helped to pump the Bitcoin price with fiat investments.
2. Bitcoiners should at least have one website, where Bitcoin is promoted. The Fiat/Commodity markets have the rest.
3. All ICOs are not a scam, I have invested in many of them and they are still going strong.  (Example : Augmentors)

Nothing new to see, just move on. 

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[BitNaija]

Your article makes an interesting read. Much of the points raised seems to corroborate my thinking, yet it looks like a conspiracy theory. The good side of it that you did not condemn cryptocurrency rather the criminal tendencies of a few who are manipulating the whole idea of a decentralized financial world.

[dennisch123]

If what was said was true, I think. That is something bad. But, has the situation been so bad? Or is it just a kind of disappointment, about the current market conditions?

Wow this post has attracted a lot more attention than I expected.

I'm a very skeptical person, and when I see CoinTelegraph and others report a lot of positive news I sell my bitcoins immediately because I know it's part of fake propaganda, and the whales that are pretty much in control of this news are ready to dump their tokens on the market.

Once we hit the (temporarily) bottom you'll see articles showing up that predict doom & gloom, bitcoin to $3000, $1000, $4000, or what was published 10 hours ago, 150,000 ETH has been sold by ICO sellers and they have another 3 million ETH ready to sell.

That exact same article in a slightly rewritten form was published on 11 August as well on numerous news sites with the only purpose to make people sell their ETH, in this case, and soon it will get pumped again, and once on top of its pump a lot of positive news appears again.

I know how to ride these waves as all I need to do is follow the news from CCN and CoinTelegraph.

So yes that's a pretty bad situation as many more guilible people fall victim to this nonsense.

[dennisch123]

Your article makes an interesting read. Much of the points raised seems to corroborate my thinking, yet it looks like a conspiracy theory. The good side of it that you did not condemn cryptocurrency rather the criminal tendencies of a few who are manipulating the whole idea of a decentralized financial world.

The ICO part is a theory with zero evidence indeed.

I just thought about what it takes to pump a coin to great heights, and the easiest way to do that is when you control most of the coins, still you want legit publicity around it as most people will do a quick search in Google before buying a coin.

[dennisch123]

I have been wondering too why there were tons of good news and yet the price didn't even bother to seesaw for quite a bit but continue to plummet even more with all the adoptions being announced lately that cointelegraph had been publishing. It must be part of this bigger plan to milk all those who invest at every dip just as how they advice them.

Where's the like button

[dennisch123]

The problem with crypto news sites like Cointelegraph and the ICOs are that, most of these ICO owners who are scamming people somehow promotes their project through these sites because, they are somehow connected with them. I am pretty sure these platforms have earned more than enough from all these shady ICOs that have ran away with all their investor's money. Otherwise, Cointelegraph wouldn't be able to operate till now.

If you have a bit of money you can buy a sponsored post on any of those sites.

If you have even more money you can even buy posts on CNBC, Yahoo Finance, and Business Insider, though i do expect them to do a little more fact checking though not an awful lot.

[Reid]

Oooohhh...
Someone's been trying to decipher the hidden agendas that have been happening in the crypto world.
This is good. We need more of the likeness of you.

Yeah that Tether thing have been a real question for me from the start. It became an escape pod for whales. They have freely done the worse in the crypto world without anyone even looking at it.

Now look at us. All dumped. This did not happen before even with bitcoin at a lower value. We have that kind of rule like bitcoin up then altcoin down and vice versa.
But now, it is bitcoin up and altcoin down then bitcoin down and still altcoin goes down. WTH!!!
Ever since that Tether came I did not see any altcoin soar way high than ETH. But now the powers are being taken again.

Will it be goodbye to all the crypto currencies like most analysts sees it. Hell!! Even Buterin feels like it.

[dennisch123]

Oooohhh...
Someone's been trying to decipher the hidden agendas that have been happening in the crypto world.
This is good. We need more of the likeness of you.

Yeah that Tether thing have been a real question for me from the start. It became an escape pod for whales. They have freely done the worse in the crypto world without anyone even looking at it.

Now look at us. All dumped. This did not happen before even with bitcoin at a lower value. We have that kind of rule like bitcoin up then altcoin down and vice versa.
But now, it is bitcoin up and altcoin down then bitcoin down and still altcoin goes down. WTH!!!
Ever since that Tether came I did not see any altcoin soar way high than ETH. But now the powers are being taken again.

Will it be goodbye to all the crypto currencies like most analysts sees it. Hell!! Even Buterin feels like it.

It will switch at some point, no one benefits if it literally all goes to zero, I'm sure they are collecting coins while pushing it down at the same time, how they work out that math exactly comes sometimes as a surprise to me but they probably have a better idea then us what's in those order books as 95% is probably just wash trading.

[cizatext]

The truth is since cryptocurrency is a potential development which have great capacities to transform financial transactions and well being it has also become a safe Haven for Scam's, despite the fact that we have recorded success in various aspects of crypto there are still cases of scams that we can not deny. The cryptocurrency industry is new and very fragile and at that can easily get manipulated on.

[coinwizard_]

Tether was investigated but nothing happened from it, it is still used as the most popular stable coin so i wouldn't call it a scam. ICOs need a lot of research, definitely not for newbies who just put their coins into anything and expect a profit

[dennisch123]

Tether was investigated but nothing happened from it, it is still used as the most popular stable coin so i wouldn't call it a scam. ICOs need a lot of research, definitely not for newbies who just put their coins into anything and expect a profit

After they made their money from it they showed some financial reports, that should've done prior.

I'm not a legal expert so I don't know why nohting happened from those subpoenas, out of jurisdiction?