Sad to see such manipulations in this market.

[South Park]

I believe these manipulations made by a group of people or CEXs affect the inflow to the cryptocurrency. Small investors lost a lot of money yesterday on leverage or buying spot at top. I believe this is a %100 manipulation hence the ghost wick and BTC creating a short squeeze of 5K durin a war crisis. I also believe BTC will go back to 26.500 range soon. This type of moves create a media view of BTC as a scam and a manipulation device which the cex's or dex's who do manipulation will regret later. These are just my two cents.


Teta Eridanus

Even if I think the manipulation on this market is higher than what you can see in other markets which have been around for a longer period of time, there is really nothing we can do to prevent that kind of manipulation from happening and we can only control ourselves, then small traders and investors need to adjust their behavior and their strategies in order to avoid becoming victims of those manipulations, and the best way to do this is to avoid using leverage and become less reactive to the movements of the market.

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[Vispilio]

Now we may see more manipulation to prepare the ground for regulation in these situations. After recent events, Gary Gensler could cite Cointelegraph's fake news and reject all ETF applications as proof of how easy it is to manipulate markets. ...

The recent volatile activity will have virtually no effect on the SEC's decisions, and by comparison fiat markets are far more open to manipulation.

Also 10% daily move up or down in crypto is pretty commonplace, it's not a big deal even for most people trading with leverage, experienced operators know that getting margin called is part of the game, should they choose to engage in leveraged trading...


The only party that is genuinely at fault here is cointelegraph, which lost a lot of credibility after spreading the fake rumor...

[JoyMarsha]

I believe these manipulations made by a group of people or CEXs affect the inflow to the cryptocurrency. Small investors lost a lot of money yesterday on leverage or buying spot at top.

Should we feel sorry about those small investors who lost their money yesterday out of FOMO? Anybody who lost money yesterday will have themselves blamed for that.

My question to those people who bought at the top, what were they doing when the price of bitcoin was at $26k + days ago? what stopped them from investing by then? Why wait for positive news to happen first before investing in bitcoin? This is what I called some people as being ignorant of the fact that any amount one purchases bitcoin, is not a loss investment because the investment made in bitcoin will end up being a profit investment. it is just a matter of time and patience.

[serjent05]

Manipulation is normal in any trade.  Those who have the influence or capability will always try this kind of method.  So we should not be surprised and be used to it when someone makes a move to manipulate the market.  It is a good thing to ride this kind of attempt since if successful we can get a better profit.

I believe yesterday's news is an act of manipulating the market.  It would be impossible for a known news site to publish information without verifying it unless the author was paid to do such an act.

On the brighter side, the reaction of the market to the fake news of the SEC approving an ETF simply shows that when this ETF gets approved, we have a better chance of seeing the market uptrend.

[tetaeridanus]

Do any of you read it correctly? This is my opinion and my opinion only. Even the sun knows that there is manipulation in the market; I wasn't shorting or anythin like any of you assumed; my thread doesn't say " I lost this and this amount shorting btc; fuck manipulators"; It is about the look on the news and outside; not a good view tbh; a important news portal cointelegraph made fake news and a rollbit account named cointelegraph opened a 50x long; etc. etc. I don't care about anyone who lost money or anything; I am sad at how big players crush small investors during these moves that's all. Still some responders saying "I am sorry about people shorting BTC". Sorry pal, just because you are bullish, doesn't mean Bitcoin is going to moon. It can go to 10.000 or 100.000 ; you are not a fortune telling genious. So many empty responds to this thread, I will lock it soon.

[tetaeridanus]

The latest manipulation shows that they will do everything they can to not only drive people away from the market but to make sure they never return. What they forget is that manipulations don't cause price rockets anymore. We can see that people are becoming more aware of manipulation but the innocent masses are still suffering losses. Manipulation has always been the nature of this market.

Now we may see more manipulation to prepare the ground for regulation in these situations. After recent events, Gary Gensler could cite Cointelegraph's fake news and reject all ETF applications as proof of how easy it is to manipulate markets. Unfortunately, he is right. Let's hope this ridiculous incident doesn't bring the market to a dead end.

Hello,

You and Vispilio are the only people who actually read the thread and understand it; thank you for your reply; You explained what I actually meant and you and I have common fears on how this manipulation affects the future outcome of crypto. I am really sad that many people here lack the intelligence to see and accept some truth which is bad for our future. People are here to shitpost and give nonesense without even reading.

[tetaeridanus]

Did you think there is manipulation in what that happened yesterday as the price of bitcoin increased from $27500 to $30000 and decreased back no quite long to $28500? Try to always know what is going on. There was a rumour yesterday that SEC has approved spot bitcoin ETF was the reason and after people knew it was not true, the market fell back.

I am also wondering how he concluded that it was a case of manipulation. Perhaps, he does not understand how market react to news (fundamental). Manipulation is actually possible and do happen but the event of yesterday was not what I know manipulation to be; the market was just responding to a supposed positive news.

If it was a manipulation, the price would have dumped so hard, far below where it started the rise. The few times I have seen something that look like market manipulation, it dumped so hard against the initial direction the impulse happened. By this, those who jumped into the initial move will be in deep red with little to no motivation to cut the huge loss.

It is not a supposed news, it is a fake news created for insider trading. Know your facts please.