Bitcoin's Latest Rise Was Manipulated?

[Silberman]

I can't tell right now as it seems a clear breakout for me and now we are in correction it might be a retracement down below to 8k area then have some. Nice consolidation there before another run up. I think that the recent big drop before that price rise was the manipulated one because as we can see we are in a good range that have support and the price dumps before the price reversal takes over.

That's to be the most speculation of the people around but quite to see the market still stand to it and not going to dump either way. It is to see that there is no strong resistance uplift the market, thus, not really to think that the market will move high this year but rather to see the market will remain as what it has today. Well, we can't get into the conclusion since halving will happen early next year and maybe it could help to drag the market going up.

Yes, today's speculations of people raising the price of bitcoin are based on Bitcoin Halving. And that's definitely going to happen especially now that people are preparing to buy a lot of bitcoin.

When we are talking about this market it is very dangerous to talk about absolutes, it is true that the majority of the forum is expecting that the price will go up when the next halving happens, but we know that the whales dominate this market and if they decide that it is better for them to try to crash the market first so they can get more coins after people begin to sell them because they are disappointed by the movements of bitcoin then that is what they will do.

[barabarian1]

Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, there are also who are looking at the possibility that this movement is actually just manipulated.

Right now, Bitcoin is back at $9100 per CMC and seems to me like is taking some rest for a probable another big dip. Do you believe that this is just a manipulation and because of that it could not hold on to the $9000 price?

actually I also don't know exactly what caused the price of bitcoin to suddenly pump. but in my opinion, the Chinese president's statement about supporting the blockchain yesterday did have an impact on the price of bitcoin. because we know that most investors and bitcoin miners come from China. so when China releases news about bitcoin or blockchain it will have an impact on the price of bitcoin. but also yesterday's rise was caused by whales manipulating the bitcoin market.

[SummerBliss]

Dramatic, amazing and unbelievable are some nice words that described the latest rise in the price of Bitcoin and especially so when it was hovering for days at mo than $7000 and people were wondering if Bitcoin will be going down further to $6000 or will it break through the boring situation.

Then all of a sudden it made some burst even reaching more than $10,000 and people scrambled to find what can be the reasons behind the amazing surge. While there are those who linked the statement of China's president on the blockchain, there are also who are looking at the possibility that this movement is actually just manipulated.

Right now, Bitcoin is back at $9100 per CMC and seems to me like is taking some rest for a probable another big dip. Do you believe that this is just a manipulation and because of that it could not hold on to the $9000 price?

Nothing can be said about the sudden rise in prices of bitcoin after a long time as it could be price manipulation by the whales just to create another pump dump situations to make profits or it could possibly due to china involvement in btc and crypto market.We might see another correction soon and after that prices can be surged to higher level till then we have to monitor the market growth.

[The Sceptical Chymist]

If the rise was manipulated, what would be the reason why bitcoin hasn't dropped back down?  You would think that once the so-called manipulators did their job and boosted the price of bitcoin, this would lead a lot of holders to sell at a profit and thereby driving the price back down.  That didn't happen, and it's not the first time bitcoin has made a pretty dramatic price movement.

So no, I don't think there was any intentional manipulation responsible for this last rise.  Even if I did think that was the case, there's no evidence, let alone proof of this.  There usually never is, because nobody ever knows who's buying or selling and why.  Saying the price of bitcoin is being manipulated smacks of conspiracy theory, and I generally don't subscribe to those.  What we saw was just typical market forces causing bitcoin to be volatile, which it has been since day one.

[aysg76]

See the main thing is that no one knows the exact reason for sudden rise of bitcoin prices and now they stands at $9200.This pumps coule be due to manipulations by the whales but prices have not dropped to lower level say $7-$8k after the rise which is general policy of dump situation.We will see another correction shortly before the huge surge next year and we can see prices to $20k by last of 2020.

[DoublerHunter]

I believed that there are manipulators who have manipulated the market last sudden raise up of bitcoin price.
Others said that it is because of the president of China announced in blockchain adaption but I think that was a coincidence but the fact is those big whales trying to manipulate the market price. Nevertheless, we can't give an accurate answer to this since no one knows what is really happen. It's unpredictable.

[dragonvslinux]

Common, nobody cares anymore. The price went up, it's been a week, the price now is where it is. I think it's best to move on and catch the next wave of manipulation rather than worrying about the past. Funny how nobody complains when the manipulation is pumping the price, but that's another story.

[Ziskinberg]

Common, nobody cares anymore.

I still care so you can't say nobody, 

The price went up, it's been a week, the price now is where it is. I think it's best to move on and catch the next wave of manipulation rather than worrying about the past. Funny how nobody complains when the manipulation is pumping the price, but that's another story.

I already get used to what I am seeing, market manipulation has been happening, and I even think that in very great and tough situations of the market, its all manipulated, even the last bull run was driven by the manipulation before it gained FOMO from the people.

[STT]

All the people who were short still care, unless you are saying they were the cause   It still matters why the price moves like it does because especially on speculation it has some effect on where people will make money.  If the market price were completely fake, it would probably result in the whole of Bitcoin failing eventually.   So far as I can see its not that different to other markets with normal reactions to news but also supply, demand and recent sentiment after a rise or fall.
   The obvious thing I can say here is most people are that experienced in free market flow, if we were genius at this kind of trading it would result in some very fine profits.  Its maybe a 1% thing where the vast majority of participants are most of the time observing changes not ahead of the change and making profit from it, its definitely not easy and imo investment is more likely to give an advantage over time then the very jumpy speculative game of trading.   

[Silberman]

Common, nobody cares anymore. The price went up, it's been a week, the price now is where it is. I think it's best to move on and catch the next wave of manipulation rather than worrying about the past. Funny how nobody complains when the manipulation is pumping the price, but that's another story.

It seems you are forgetting that traders not only can go long but they can go short, and I can assure you those that were shorting the market care very much about why this happened and even worse if any of those that were shorting the market were using leverage you can bet they got a margin call and were forced to sell their coins, also the jump that we saw is probably one of the biggest we have seen in the recent history of bitcoin and even if we never find out why it happened we will always wonder about it.