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?
yes sure because if you see the chart of bitcoin you will see that whales are the one who can control the value of it they know when and how bitcoin will go up again so its not goood for all newbies so my advise is dont invest if you dont know about cryptocurrency .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?