Quote from: BitHodler on February 20, 2019, 07:11:18 AM

Quote from: cellard on February 20, 2019, 03:14:23 AM

The manipulation of easy money against hard money (Bitcoin, gold) doesn't last forever. For how long can they keep pushing the price down? we don't know, but such manipulation doesn't last forever. The demand for Bitcoin isn't going to magically stop, and the amount of Bitcoin is strictly limited. There's enough Bitcoin for everyone, it's just a function of price.

Manipulation is all relative and is something that largely only happens between people's ears. Bitcoin isn't being manipulated down, it's just the speculative nature of this market doing it.

If there was manipulation, then it happens to the up side as well, so if the mad bull run that happened in 2017 was manipulation, we haven't seen anyone complain about that, because people then made money, not lose it.

What I noticed is that while a lot people blindly assume that this market is heavily rigged, no one can actually provide the evidence to back up their claims. Overall, people believe what they want to believe....

Well the evidence we have is that every time the SEC or whoever is involved in order to approve futures did so, the asset which got futures got trashed into the ground. Look at metals and other assets, they got shorted badly.

There's also the MtGox whale which is following orders, and apparently started dumping to keep the price down.

Anyone that isn't adding manipulation into the equation and believes everything is organic is as deluded as those that think it's 100% manipulation with no input from independent market participants. It's always a mix of both. And if we have to consider what is on the interest of the US Government, then that is to either kill Bitcoin or accumulate fucktons and I believe it's the second since that's why they allowed futures on the first place (and why they will allow ETFs to pump it into trillions)