Bitcoin 2017 Price Rise was a Scam by Bitfinex using Tether(Fraud)

[BitcoinsGreat]

That is, the whole 2017 bull run was faked. It's not hard for them because any amount of tether can be printed whenever they like.
If more manipulations like this continue to happen then, I think it's better for crypto to be regulated.

We can think of 101 reasons if the 2017 bull run was fake or real, but it was the Bull Run. Ever since then we are waiting for such a volume again which we saw in 2017 December.  Also the thing to be noted is that if anything is fake or a bubble, it will never come up again after the bubble, Bitcoin will again break its all time high and this does not happen with manipulations all the time.
Bitcoin by itself is so strong to break its previous resistance and there is no need for any artificial act.

[Wysi]

Forget about this research report, What do you think personally? If there is anything without manipulation? I don't think so, I believe that the Bitcoin market is totally based on the holder's manipulation and in this way, the price of Bitcoin goes up and downs, That's why I always support a proper regulation form, If this system has an accurate regulation process then this platform would be more stable and less volatile, but I don't believe this type of research because this doesn't mean anything when you haven't any control over your system, so such news couldn't bring any positive thing towards this platform.

Yes even I doubt the credibility of this research it does make any logical sense, this is a free for all forum but it does not mean users can post any random post claiming it to be the reason for pump or dump because we are all well aware that crypto market is manipulated by those who holds huge portion of bitcoin and if it's regulated then users will abandon crypto.

[hulla]

This is not the first time the whales will manipulate the crypto market and the issue happened a couple of years ago after which the crypto market has experienced corrections and a blood bath. I hope this is not the reason why some people are not so sure about the effect of the block halving next year cause I don't see any real collapse coming and I don't see the 2017 scenario affecting the trend of this year market.

[Naficopa]

This type of speculation lasted a long time, but it has not been proven that such a thing took place.
Quite the opposite happened - Audit stated that Tether is completely secured and nothing like fake pump happened on the exchange, it was only a natural inflow of capital:

https://www.coindesk.com/tether-review-claims-crypto-asset-fully-backed-theres-catch

There are still doubts whether everything has been thoroughly checked, but probably no one will ever be sure when it comes to crypto market speculation.

[rodel caling]

Difficult to conclude what is the basis of this news, without complete evindence their hard to believe because in every accussation need an evindence to prove tp convience people.
Accussation without evindence not acceptable in the court of law lol😀😀😀 I still believe the all time high last 2017 is cause of the world market stablility strong.

[figmentofmyass]

Griffin and Sham’s analysis, first published in a research paper in June 2018, had argued that transaction patterns on the blockchain suggested Tether had been used to provide price support and manipulate the Bitcoin market

sounds like a sham analysis alright!

people tend to overestimate the ease with which markets can be manipulated. if bitcoin's bubbles were pure manipulation, why hasn't price crashed to double digits or $0 yet? why isn't everybody selling?

why did the market hit nearly $14k this year----some other manipulator, or was it tether again?

news flash: accumulators, whales, institutions etc provide support at market bottoms, including on bitfinex. it's their buying demand that forms these bottoms to begin with. doesn't mean it's always "manipulation"......

[coinfinger]

So I should fidget over your own personal opinion that does not make sense to me, and I would say that you are even thee one creating fud unnecessary which I think you are just doing that out of the envy that you have lost form the train at buying when the value of bitcoin was still considered to be extremely reach because the time that I joined cryptocurrency, there was nothing even like tether and the market was increasing, there was no tether before bitcoin reached $3000, so tell me what you believe made bitcoin to reach $3000 before the last all time high of $9800.

We all know that the market was manipulated then to a level but not to that level for which you are taking it, there are still lost of bitcoin adoption, I that is writing here have adopted bitcoin, I know about 20 of my friend that are also in bitcoin which I also know we have many people like that in the forum.

[bitbunnny]

Another conspiracy theory. Seems they are very popular when people can't find explanations for some events on market like price rise or price fall and obviously everyone loves misteries.
Let's stick to facts and what can be checked and proved instead of designing imaginary scenarios all the time.

[jootn2kx]

Bitcoin 2017 Price Rise was a Scam by Bitfinex using Tether(Fraud, fractional reserve digital currency)
https://cointelegraph.com/news/one-whale-was-behind-bitcoins-2017-bull-run-claim-researchers

Researchers have escalated their claims about market manipulation in winter 2017, now claiming that a single whale was responsible for Bitcoin’s historic price surge. The development was reported by Bloomberg on Nov. 4.

John M. Griffin and Amin Shams — of the universities of Texas and Ohio respectively — have updated their previous research, which made the case that market misconduct was allegedly behind Bitcoin’s bull run to an all-time high of $20,000 in December 2017.
“Clairvoyant market timing” or manipulation

Griffin and Sham’s analysis, first published in a research paper in June 2018, had argued that transaction patterns on the blockchain suggested Tether had been used to provide price support and manipulate the Bitcoin market:

Here is the real news, there was no real adoption, and their is still not, just a lot of market manipulations from Bitfinex.
Which is why the markets keep dropping and dead cat bouncing.

Once the class action lawsuit destroys the tether scam, expect the same scammers to sell out of all tether and other cryptos
before the verdict crashing the markets to lows not seen in 5 years.
https://thenextweb.com/hardfork/2019/10/08/class-action-lawsuit-alleges-bitfinex-tether-cost-cryptocurrency-market-1-4t/
* Part of the reason so many exchanges are closing up shop, they all know the real collapse is coming. *

Good Day and Good Luck.

First, I don't think that it was a scam. Second, even if it was, it definitely raised awareness, which is good in the long run. Unfortunately, a lot of people lost a lot of money, and that is a shame. I'm not saying that scams are good, regardless of the result. However, if there is a silver lining to the event, it's that more people had learned about BTC because of it, that it all.

[bitcampaign]

if the 2017 price is manipulated, is it also the same in 2013 or 4 years after that around 2021, I often see many threads in this forum discussing the price of bitcoin in 2020 and also 2021, so whether there will be other manipulations later, I will save this thread, see in the next year whether it looks manipulated or just FUD

[Duzter]

As the network doesn't have any regulatory body, it will be manipulative. Based on the fact often we can get news relative to various claims. Most of the time the claims were associated with the Satoshi. Now the market rise itself had got termed to be a scam by Bitfinex. If that's the truth, even now there shouldn't be rise in the market as the tether issue isn't over. The present claim is a FUD which has been started for circulation focusing the upcoming price increase based on the halving.

[KallyFowler67]

Thanks fo the info