Re: Bitcoin price manipulated by Wall Street?

Quote from: Riddikulo on January 26, 2018, 02:58:02 PM

Quote from: fellahst on January 25, 2018, 06:11:26 AM

Some analysts explain the recent decline of Bitcoin price by the Wall Street investors, who tries to enter the market massively for a discount price after the first future contracts expired January 26.

Here a quote from a trader with large followers on Telegram:

Quote

Bitcoin price prediction cobe and C.M.E contract is expiring on 26 Jan 2018 on this date after contract expiration we will see biggest Bitcoin pump of history wall street buy back of Bitcoin .Bitcoin future contract mostly got long postion holding which is mainpulated by wall street players Before 26 Jan 2018 wall street buy altcoins and we will see another huge ATH for altcoins before 26 Jan 2018

What do you think?

Taking into account the news coming from Wall Street it is true, but only partly. The belief of people in BTC also affects its price.

Can Wall Street investors actually manipulate the entire digital money market with Bitcoin futures? The answer seems "yes" given the market's decline last week. Although Bitcoin did not rebound immediately in the short term, most of the coins began to rebound after the futures contract expired.