Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.
Divide and conquer.
It seems to be working.
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How is the BT market being manipulated?
I don't know how, but it shows all the earmarks of manipulation. It reminds me of Silver during the Hunt Bros. attempt to corner the Silver market.
Does it have anything to do with the Libra news?
This has been a giant pump and dump scheme from the git-go.
It's always had big price swings
This should make everyone think about not only crypto markets but also gold, silver and stock markets.
My view and my view only is that it’s the same as stock manipulation, especially the penny stock market.
1. The operators buy a large position at a low price.
2. The stock is touted to the uninitiated who buy and drive the price up — the pump.
3. After the price goes up, the operators sell their shares at the inflated price — the dump.
That’s probably an oversimplification, but basically that’s how it’s done.
In general, the SEC often catches up to the scams. With bitcoin, it’s unregulated, so it goes on and on.
Just because something is VOLATILE doesn't mean it is MANIPULATED.
Except that with electronic trading and disclosure, everybody can see the transactions. It's much harder to move stocks a few fractions, let alone points.
You can't "pump and dump" because the stock is rising on FALLING VOLUME and then you want it to hold up on RISING VOLUMES.
Can't be done.
How come markets are never manipulated when they go UP but only when they go DOWN ?
If BitCoin is UP, how is it a dump ?
Of course....if Libra is dead, BitCoin wins.
Plus, the Chinese said they like blockchain technology, so of course BitCoin soared. Ridiculous...like the president saying the country needs to excercise more and sneaker stocks going up.
Anyway, if Libra is dead, BitCoin wins. Wins what, I don't know but it wins.....
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