⭐ Merited by Mehedi72 (1)
Would we ever be able to see (know when) wealthy finance companies working together to buy and sell bitcoin (lower), deliberately throwing money away to lower the price? Add in the $ that's made from shorting the coins (btc & eth shorts have record highs), and they can minimize their losses. No regulation, collectively billions to throw towards the cause, makes for an easy way to manipulate the price downward.
With no regulation (anyone can buy and sell any amount) and the majority of BTC trading volume being worthless (traders and bots running trying to buy and sell enough to make a few bucks), how much selling would it really take to continuously drop the price?
There was a record breaking 10,000 BTC short placed earlier in the week, just before the recent selloff dropped the price. Who knew? The sellers
Taking into account the $ made on the shorting btc and eth, does anyone know what it would take to continuously drive down the price? IMO, I don't think as much $ as people are thinking?
Manipulated bitcoin price is quite difficult But Easily possible & Still Controled by big fish Trades & holders And They are still Doing. Do you have noticed bitcoin chart from January 2018 to till now? Understand anything? Everywhere indicates manupulate!! They makes market billish and told us fairy story that bitcoin is illegal, and so ban by usa, india or bla bla bla. Then people sell their share to save theirs balance and thus, result dump market. Then Big fish Traders Let us know, bitcoin have a great future etc etc and makes us crazy to investment in bitcoin again. So Pump-dump Pump-dump Pump-dump is on and on and they makes profit from It(Us)With no regulation (anyone can buy and sell any amount) and the majority of BTC trading volume being worthless (traders and bots running trying to buy and sell enough to make a few bucks), how much selling would it really take to continuously drop the price?
There was a record breaking 10,000 BTC short placed earlier in the week, just before the recent selloff dropped the price. Who knew? The sellers
Taking into account the $ made on the shorting btc and eth, does anyone know what it would take to continuously drive down the price? IMO, I don't think as much $ as people are thinking?