Bitcoin Forum
September 17, 2019, 07:56:52 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Is crypto industry manipulated? How bad is it?  (Read 647 times)
Bitcoin Seller
Full Member
***
Offline Offline

Activity: 294
Merit: 145


Send and receive money instantly, w/no hidden cost


View Profile
August 22, 2019, 08:29:37 PM
 #61

The manipulation in the cryptosphere is real and is evident for all to see. Crypto is highly manipulated and you need to be a big shareholder like the whales to be able to manipulate the industry. People are always deceived whenever something is hyped. No wonder many exchanges keeps faking up volume to attract traders.

Yes, the market of the cryptocurrencies is always manipulated, and not only the whales are doing it. Scammers are successfully using pump and dump schemes and manage to sell tokens to newcomers for a very high price. Another attempt to manipulate the market is mass media information.
BTC price depends on demand much, and when people simply hear bad news, they are trying to get rid of crypto.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Nellayar
Member
**
Offline Offline

Activity: 588
Merit: 36

★777Coin.com★ Fun BTC Casino!


View Profile
August 22, 2019, 08:51:48 PM
 #62

There are always market manipulation even not in cryptocurrency. Most of the time, whales or large investors are those who can control the market. They tend to control because they hold huge amount of money. Market manipulation is normal in trading and we just need to accompany these changes. We have to go together with market manipulation because if we missed their waves nor we are against the flow, we cannot survive trading.
vladimirhf
Member
**
Offline Offline

Activity: 392
Merit: 20

Png.me - Borderless Mobile Finance Marketplace


View Profile WWW
August 22, 2019, 08:52:05 PM
 #63

the fiat currencies are also manipulated on a much larger scale. there are known cases like this:

http://en.cade.gov.br/press-releases/cade-signs-five-agreements-regarding-a-cartel-investigation-in-the-foreign-exchange-market-and-opens-a-new-cartel-investigation-in-the-brazilian-exchange-market

the thieves are always the same, Barclays, Citicorp, HSBC, JP Morgan... they always make some "amazing" agreement and pay insignificant fines.

zviadits
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
August 23, 2019, 08:17:40 AM
 #64

The main problem remains that trading takes place on centralized exchanges. Remember what horror was happening on QuadrigaCX, after the death of the CEO this exchange. Manipulation will be an integral part of trade and the only solution will be the emergence of a decentralized exchange where the blockchain will exclude any manipulation and speculation
rina aulia
Full Member
***
Offline Offline

Activity: 462
Merit: 101


"simply getting the job done"


View Profile
August 23, 2019, 10:21:09 AM
 #65

I often find altcoin trading with massive volume manipulation on the exchange, having 1k ETH volume but buy orders only amounting to 10k tokens at $ 0.1, roughly calculating the trading volume is far below $ 5k, so manipulation is done to gain trust from trading.

Mycro Jobs                                                                                                                                                
| SIMPLY GETTING THE JOB DONE
⟩                                                                                                                                                      
                                                    ⟩⟩ Telegram ⟩⟩ Twitter ⟩⟩ Medium ⟩⟩ Github ⟩⟩ Instagram ⟩⟩ LinkedIn ⟩⟩ YouTube ⟩⟩ Facebook
Nadziratel
Sr. Member
****
Offline Offline

Activity: 798
Merit: 268



View Profile
August 23, 2019, 10:24:31 AM
 #66

Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry.
Looks like condition of out industry is not in the best shape.

Of course being manipulated. We are talking about an area without any legal regulations. Moreover, in response to such high demand, large Bitcoin wallets are still numerous. In order to reduce manipulation, more people need to have Bitcoin and the big wallets have to go down a bit.

Technically, If we apply the Gini coefficient to BTC which is also included in the economy. In terms of justice, very bad results can occur.

ethereumhunter
Hero Member
*****
Offline Offline

Activity: 1246
Merit: 502


★777Coin.com★ Fun BTC Casino!


View Profile
August 23, 2019, 12:30:49 PM
 #67

It could be true, but once again, we don't have the right information, and we could only see what is going on the market. But I feel that the manipulated is running in many exchanges, but I don't think that the manipulation will always happen in every day. Maybe it is happening for one or two days but to run in all days, it needs huge money, and not all whales want to do that. But out of that, as long as we can make a profit, we don't have to worry because we could take the benefit for ourselves and let the whales play with the price Grin

Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!