I've been doing this for over five years. It's gotten to the point where it's ridiculous to sit around and act like everything in the market is ok.
I've called every single SEC commissioner and left a message on their phone lines as well as their education line specifically directed towards complaints (in addition to my about 20 or more reports previously on this matter).
Whoever is doing this fake buy crap is getting themselves in VERY SERIOUS trouble. What I'm talking about is what happened two days ago on December 4th, 2019 at 13:14:00 UTC time. It wouldn't be so bad every now and then but this happens almost everyday now. Bitcoin is not for this "person" or "thing" to get attention but that's obvious that's what it has turned into. They're literally a danger to themselves and everyone else because they wont stop.
Pretty sure there's a handful of people here who know how wrong it has been. Forcing the market to go up and constantly stay above the line because you're "angry" or "had a bad day" is a felony. Bitcoin is a commidity as ruled by the UK and there has been lawsuits regarding commodity manipulation.
I am NOT putting up with this game someone is playing with the community. I mentioned I was considering starting a lawsuit and now I'm definitely trying. I've contacted over five different attorney's offices in the past three days and I'm not stopping if this continues. If you'd like this to ruin your life go ahead. This isn't a warning, this is just what is happening.
Someone out there thinks this is a joke to mess around with but they don't understand the amount of felonies they have been commiting for two years or wont knowledge it.
Hmm so this is your actual thread...
First, i really doubt the people you intend to threat with legal action are even going to read this. They probably speak Chinese anyway.
Second, your laws are not my laws. US laws are not World laws. South of Florida you have this country that happens to be the largest island in the Caribbean, they have violated US laws for more than half a century and continue to do so. I suppose you are like the owner of the expropriated American companies waiting for your American troops to act "any moment now" to recover their assets (60 years later).
Third you are getting nowhere venting your frustration here. Are you even aware of the many automated trades that are going on? You might be yelling at a computer for doing something it was programmed to do by somebody else.
So if the exchange can be used by an US citizen, they would be liable. Well i guess, that is why some exchanges discriminate US users, either forcing them to use a sister exchange, block US citizens entirely, or show them different content, in-spite of originating from the same source. Its like you are begging for them to censor some of the book transactions, so that you cannot see them and not get angry.
Are you aware that if you are scammed by, say, a Russian, there is very little you can do about it? Even if your government blocked access to those exchanges, some Americans would still find ways to evade the restrictions and use them, full knowing the risks.
The crypto space is largely unregulated worldwide, SEC can't do nothing but file your complain, hoping that, maybe someday they could somehow use it for reparation if other countries agree on common legislation. But as you should know, there are always "fiscal paradise" countries that do that precisely to attract investors and they tend to have more permissive laws, that is where those exchanges tend to register their companies.
In the meantime, you are yelling at the wind. I doubt any money you pour into legal action will ever return to you. While this is the traditional American way of doing things (sue first, settle later), it simply doesn't work that way elsewhere. For starters, the judicial system in other countries doesn't even work the way you'd expect it to. Many countries don't even have justice at all, it doesn't matter if you have the evidence and everything is in your favor, if the accused is friends to the right person, it is you who end up in prison (I'm not joking).
I know,
shocking, that the world is so different when you merely cross the border, but that is a reality even YOU cannot escape from. Not even being American can help you. I know, an American was imprisoned here for 2 years on suspicion of "aiding" a political opposition protest (habeas corpus be damned)... Finally he was released and expelled, over "humanitarian" reasons, but only God knows what bribing AND diplomatic pressure had to took place for that.
Oh this reminds me, there are rumors of some governments, and high officials from some governments, being involved in crypto trading. They could be some of the whales. Can you imagine if the actual culprit of your complain is a foreign government? Good luck with suing that...
This is not a fair game, that is what you are complaining about. Unfortunately, there is little you can do, and legal threats in this forum are useless. Since you already made enough money in the past, perhaps you should now just go into holding, and let those automated traders just eat themselves. Or diversify your portfolio and invest elsewhere, where things are more regulated.
Its not fair and you might have the right to complain, but it won't do or change anything. That's the way it is.
