Re: Do you think there is institutional manipulation of the Bitcoin price?
We have seen reports lately that the US Justice Department has opened a criminal probe into alleged price manipulation of
Bitcoin and other digital currencies. We have seen for months now that the Bitcoin price cannot get momentum and as soon
as there are positive signs that it is recovering, then it drops down again. In many of these instances there are no negative
news that would have triggered that downward spiral. There are also no Alt coins with significant growth during these times,
for us to say that these Alt coins are the trigger behind this. The only logical conclusion for this is that someone or a group of
people are "killing" the correction phase of the Bitcoin price.
Do you think there are some sinister agenda behind this or is this just Bitcoin whales doing their normal thing?
Bitcoin and other digital currencies. We have seen for months now that the Bitcoin price cannot get momentum and as soon
as there are positive signs that it is recovering, then it drops down again. In many of these instances there are no negative
news that would have triggered that downward spiral. There are also no Alt coins with significant growth during these times,
for us to say that these Alt coins are the trigger behind this. The only logical conclusion for this is that someone or a group of
people are "killing" the correction phase of the Bitcoin price.
Do you think there are some sinister agenda behind this or is this just Bitcoin whales doing their normal thing?
for me, there are few people who are trying to manipulate the price of bitcoin in the market, but it doesn't trigger this downfalls that we are experiencing today, what really triggers the price correction if there is really such thing as the triggering factor is the trust issue of users regarding bitcoin hodling, many are affected by these kind of news, many panic sellers and users in short term investments. we all know that there are millions of small time users rather than big-time holders, if those million users act at the same time on selling their assets especially today, the market responds reciprocally.