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?
I am buying this arguments as it's obviously happening inside market,look at the prices we all see how they manipulate the prices to their benefits,whales are making this as their bread and butter having no care for others instead only tp favor them,lets hope that the us investigation may bring this to justice