Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Being Manipulated
by
Merovius
on 17/10/2017, 12:45:46 UTC
It is difficult to say whether this is really intentional manipulation of the bitcoin markets or not. When a large country like China puts bans or restrictions on bitcoin trading it follows from natural market forces that the BTC price will fall somewhat due to Chinese traders cashing out to withdraw or move BTC somewhere else, not to mention the FUD (fear, uncertainty, doubt) effect from the news itself, which tends to affect even non-Chinese traders on a psychological level. This does not necessarily suggest intentional manipulation; it is quite possible that the Chinese government simply wants to introduce regulation to this particular market sector and/or clamp down on fraudulent activity.