Ninjastic
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Topic
Board Altcoin Discussion
Re: Is everyone "Cashing out"
by
nunzio2012
on 23/12/2017, 02:12:49 UTC
Quote from: Coyoteerex09 on December 22, 2017, 06:02:17 AM
Quote from: nunzio2012 on December 22, 2017, 05:57:58 AM
Quote from: rickou812 on December 22, 2017, 02:35:23 AM
Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

No, GDAX are continuing with their market manipulations. When the BITCOIN price hit the 12.8K-13.3K level, they forbid the buy orders, trying to add additional pressure.
GDAX is now on my blacklist and I will never use them again.


Is GDAX really controlling the market value of bitcoin? I thought it is in the hands of all the investors in bitcoin. People are a bit scared right now that they will lose their profit. That's why, I think is the reason.

No, they are not controlling the market value of Bitcoin, but they can manipulate it, because they are 'one of the trusted' exchanges and they do. Like stopping the buy orders. This mean people there can't buy bitcoin, but can only sell, pushing the price down.