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CryptoBry
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November 06, 2019, 08:45:21 AM |
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Bitcoin price fluctuations this week has thrown light on the trading of Bitcoin, as BTC trading is supposed to be manipulated by traders. The media, including the famous analyst Willy Woo who pointed to the trend of market manipulation in the midst of deep studies.
I am not an analyst nor a good writer myself but there is something not really good about that piece is written, seems to be very amateurish and this is actually a trend in many crypto-related online publications, there is that glaring lack of professionalism and finesse. Anyway, the topic is all about manipulation but then again there is nothing new or surprising with this. Manipulations have been the bread and butter of many traders and as long as the market is reacting according to their wishes, then so be it. And if manipulations can result into Bitcoin rising, I am all supporting the manipulators as they are working for my own commercial interest as well without me paying them even a cent as a salary. Now, if Bitcoin can be going down because of these manipulators then I will just be cool and relaxed as there is nothing I can do to sop them since they are not under my payroll. In other words, I don't have time to care of what manipulators are doing, let them have their day anytime.
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Darker45
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November 06, 2019, 08:46:02 AM |
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Deep studies always find out that the Bitcoin market is manipulated to a certain extent. When there is a dump and the price is falling, there is manipulation. But if the price is rising, the deep studies are still claiming the same thing. What is not manipulated, after all? Bitcoin's price value is determined by the market demand, primarily by the traders. The whales have the edge but not the total control. These deep studies are finding the same thing in almost everything. The crypto market is manipulated, albeit much less, just like the stock market and the forex market, and oil, arms, car, airplane, wine, fish, pork, vegetables, and even the elections.
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samcrypto
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November 06, 2019, 09:02:02 AM |
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I don't think its purely manipulated simply because there are some traders who bought at the level of $8k and for them to make profit they sold early when we hit the $10k level last week. Whales can pump and dump the market, this is not new and I support traders who are making money in just a short period of time. If I were to trade, I will also play short because its the best way to make money right now, the pump and dump is good for them.
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Wysi
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November 06, 2019, 09:23:08 AM |
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I don't think its purely manipulated simply because there are some traders who bought at the level of $8k and for them to make profit they sold early when we hit the $10k level last week. Whales can pump and dump the market, this is not new and I support traders who are making money in just a short period of time. If I were to trade, I will also play short because its the best way to make money right now, the pump and dump is good for them. Yes there is no mistake of traders ad it's a part of their job to buy at low and sell at peak especially when they know that it's a manipulated pump by the whales to gain more profit as usual increase does not suffice their greed. Everyone who is related to crypto are aware of price manipulation and now we have to play accordingly to avoid any loses to us.
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blckhawk
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November 06, 2019, 09:40:20 AM |
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Price manipulation can't be prevented in the market. I also have noticed high trading volume in the past week and it's either manipulation or just pure demand and attention bitcoin has been getting with the recent news about adoption. Still though, it's quite impressive that it retains somewhere near $9k region and with the anticipated bitcoin halving, I'm also postive it would reach higher prices and break current resistance levels.
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bounceback
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November 06, 2019, 09:52:05 AM |
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We cannot blame them for traders who manipulate market prices up and down because their traders have a slight profit, we actually don't know for sure now what caused bitcoin prices to fluctuate this week even though in your article saying something like that caused a market decline but I can't take guidance from the news because there is no clear evidence.
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yoseph
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November 06, 2019, 09:55:49 AM |
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Price manipulation can't be prevented in the market. I also have noticed high trading volume in the past week and it's either manipulation or just pure demand and attention bitcoin has been getting with the recent news about adoption. Still though, it's quite impressive that it retains somewhere near $9k region and with the anticipated bitcoin halving, I'm also postive it would reach higher prices and break current resistance levels.
Traders buy and later decide to sell in order to make profits and that's just the way it is even in stocks and forex trading and unfortunately that also let's the price goes down when a lot of traders tend to sell at the same time which makes the value plummets.
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Astvile
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November 06, 2019, 11:36:22 AM |
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Manipulation is everywhere in this world. Government related stuff and specialy bitcoin. Media is the biggest contributor to bitcoins manipulation, forcing people to believe in either negative or positive side of bitcoin. The life is always been unfair and theres always someone/something controlling everything.
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lionheart78
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November 06, 2019, 11:57:12 AM |
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Who else will manipulate the Bitcoin price if not the traders themselves? That is a reaction to the OP's linked article. It is not surprising that every trades are manipulated for a simple reason of gaining advantage to get more profits against the other traders. The simple setting a buy wall and sell wall is already a manipulation in favor to the person who is putting that order.
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Wintersoldier
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November 06, 2019, 11:58:51 AM |
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Manipulation is everywhere in this world. Government related stuff and specialy bitcoin. Media is the biggest contributor to bitcoins manipulation, forcing people to believe in either negative or positive side of bitcoin. The life is always been unfair and theres always someone/something controlling everything.
In addition, whales do often manipulate the market but in my opinion, it is for the sake of the betterment of the coin. Manipulating the cryptocurrency to make its market price increase is somehow beneficial to traders around the world. Thus, not all manipulation has its positive effects on the people. There are people who can manipulate bitcoin news and information to make their image better in front of the people. In such a case that it is only for their personal purpose, greed, and self-interest. For me, manipulation should have positive effects (utilitarian) rather than protecting someone's interest in the market. We shouldn't allow negative manipulation so we need to pack ourselves a bunch of knowledge to filter out information that we get from people we don't really know.
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tsaroz
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November 06, 2019, 12:15:24 PM |
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The large traders are intentionally trying to lower the price of bitcoin for buying cheap. The recent rise and falls are due to whales buying coins on a low price and not buying on larger price. On every cycle they are accumulating bitcoin and they'll dump it when the real manipulation starts.
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CLS63
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November 06, 2019, 12:23:32 PM |
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I think price manipulation is not a thing that is to be too surprised about. It is always possible in this market as Bitcoin is decentralized and the price is effected by the very big transactions.
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Shasha80
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November 06, 2019, 12:23:45 PM |
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Bitcoin price manipulation often occurs on the market, usually the whales who have large capital to make price manipulation. Which can make the price of bitcoin suddenly go up or even suddenly go down. They do it its purpose manipulation makes people become FOMO when prices go up and will buy bitcoin at high prices. The opposite make people panic sell when prices fall. So from that when we enter the market do a variety of analysis to be able to distinguish which is the original pump or down. We must not be exposed to the trap of price manipulation by Whale.
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Doell
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November 06, 2019, 02:38:52 PM |
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let people say whatever because we all do not manipulate anything ,things that must be considered by the market are not easy to manipulate ,if it is easy then there is no loss for traders everything is profitable ,market price is not easy just by analyzing we need real evidence
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darkangel11
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Don't let others control your BTC -> self custody
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November 08, 2019, 09:18:50 PM |
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I think price manipulation is not a thing that is to be too surprised about. It is always possible in this market as Bitcoin is decentralized and the price is effected by the very big transactions.
This manipulation has become stronger since the CME and CBOE had opened. It gave rich businessmen a way to play with the price buying OTC and dumping on smaller, yet important exchanges like Bitstamp or doing the same thing the other way round to pump the price. At the same time half of their money is in futures where they're safely making money. Don't panic people and don't follow manipulated trades. It's not a market trend when someone all of a sudden dumps a million dollars.
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TravelMug
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November 09, 2019, 06:27:40 AM |
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It's already a given fact, manipulation is here to stay. But it's two fold, it could either blow the price, just like what we see in April, from $3k then gradually we went 5 digits again. It was reported that this is a coordinate effort from whales back then.
On the other hand, there's also whales who wanted to pull the prices. So what we need to learn is how to swim with them in the ecosystem, rinse and repeat.
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Kprawn
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November 09, 2019, 06:41:11 AM |
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It is no big secret that markets are being manipulated by traders with big pockets. This is not unique to Bitcoin, because it happens with every other trade-able commodity or shares out there. There are even organized cartels out there that are doing this on a full time basis, even with old traditional investment options like Gold and Silver and Oil. In Bitcoin it is just so much easier, because a lot of exchanges are not regulated and whales are trading large amounts on these exchanges to manipulate the price.
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Kambal2000
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November 09, 2019, 06:46:10 AM |
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It is no big secret that markets are being manipulated by traders with big pockets. This is not unique to Bitcoin, because it happens with every other trade-able commodity or shares out there. There are even organized cartels out there that are doing this on a full time basis, even with old traditional investment options like Gold and Silver and Oil. In Bitcoin it is just so much easier, because a lot of exchanges are not regulated and whales are trading large amounts on these exchanges to manipulate the price. We are all aware how market is manipulated and we are all aware that there's a big whale here either he is an individual or company, but we know that they can manipulate the price if they want it to go down or to go up, so for us as a common investor, we should know when are we going to buy and sell too, if we want to make profit in just short period, but if you don't care and you are planning for long term then so be it.
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Wysi
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November 09, 2019, 06:49:50 AM |
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It's already a given fact, manipulation is here to stay. But it's two fold, it could either blow the price, just like what we see in April, from $3k then gradually we went 5 digits again. It was reported that this is a coordinate effort from whales back then.
On the other hand, there's also whales who wanted to pull the prices. So what we need to learn is how to swim with them in the ecosystem, rinse and repeat.
Yes we need to go really active and stay focused so that we could make a right move as we can afford to win when the value increases by multi folds and at the same time we cannot risk losing our investment if the value dump as everyone wants to make profit through the market volatility and price manipulations.
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