A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows

Discussion in 'Cryptocurrencies' started by trader99, Nov 4, 2019.

  1. trader99


    Onra and Nobert like this.
  2. destriero


    _eug_, johnarb, nooby_mcnoob and 2 others like this.
  3. zdreg


    Reminds me of the old days in silver circa 1980.

    Who tried to corner the crypto coin market and then got their heads handed to them?
    trader99 likes this.
  4. henry76


    Bitcoin , shot up , I suspect far less manipulated than just a lot of "people" buying, I mean how do you manipulate without buying , and how is buying manipulating ?
  5. RedDuke


    Very easy. You “buy” with tethers that are created our thin air. It is that simple.
  6. henry76


    What's a tether? ( I already know what thin air is thanks )
  7. RedDuke


    Just google USDT
  8. Yes there's market manipulators in Bitcoin, just like there's market manipulators in whatever stock market you go to. Get over it, and learn to trade with the manipulators or get rekkted.
  9. henry76


    Very true , in fact any buying or selling will influence the market to a larger or lesser extent , profiting from actual buying or selling from the simple action of buying or selling is a little harder , and as for Red Duke's buying "tether" to raise Bitcoin's price , that doesn't make sense , tether would reduce buying of bitcoin as it was introduced from "thin air", as it competes for buyers, increases supply of cryptocurrencies.
  10. MrKJoe


    So BTC only depends on Whales going crazy?
    #10     Nov 5, 2019