Post
Topic
Board Legal
Re: Market manipulation
by
Oceat
on 21/06/2018, 21:29:34 UTC
The Bitcoin market is often accused of being a manipulated market. Main stream media and Wall Street wolves like Warren Buffet don't leave a chance to emphasize this aspect. While I think they are (partially) right, the old school financial market is not much better. And this aspect is not mentioned very often, this is why I would like to share this article of Cryptobriefing: https://cryptobriefing.com/amp/world-not-shocked-as-jpmorgan-fined-65-million/?__twitter_impression=true

It's been manipulated already since the "Whale word started" for early adapters of Bitcoin and those bigger names in the name of crypto they were millionaires or billionaires, so they do have the power to manipulate the prices of crypto market.

Bitcoin market is not yet perfect but it is still useful and need some updates to fully catch up the advantage of the modern technology. And 65 million dollar is not that big enough for them, i think they already know that it would happen or maybe this is their plan B, just in case they fail which they really are. IDK this is just my opinion.