Bitcoin manipulation theory

Why even care when 99% of Veeky Forums is too small to control any part of the crypto market. Just hang on and make some $$$. Fuck it

I don't think any of these thoughts are crazy conspiracy. There is market manipulation going on for sure, which means some very rich people doing everything they can to work it all in their favor. The great alt coin dump will happen.

I think your theory is definitely plausible. I don’t know how likely it is and I don’t know how biz would take news like this because so many of these fags, myself included, don’t hold BTC anymore.

I just think at the end of the day, 2018 is going to be all of cryptos year, along with 2019. The market cap across the board is going to explode because people are starting to wake up to the idea of cryptos and tokenization.

The technology does not matter so much. Bitcoin is THE gateway into crypto and will probably always be. Also it’s the biggest brand (and limited).

well said user

this has been my suspicion as well, this alt hype, especially xrp could be a combination of taking advantage of normie bucks who buy cheap coins and the plan to accumulate btc and finally dump alt bags on "stupid money"

only time will tell, but this might go on for a while

>easier to make more stable gains if a coin has a ton of coins
Wait, is the market cap meme real? Do you people really not understand how valuations work?

Can someone please explain this to a retard (me) why is it that on kucoin right now ETH/USD is 926 but on Independent Reserve its 996???
pluz i am seriously dumb

But isn't XRP already being used by the big banks?

no retard? we just pump money into shit we like and fuck off in our lambos.

I think alts swap much like fiat currency pairings do, as an inflation of sorts
It's absolutely an experiment IMO, Bitcoin first surfaced in a big way right after the financial crisis, shadowy creator..
I think the whole market was planned from day one, I always have. Just my .02
/tinfoil

You do realize that buying cryptos with ETH vs BTC is cheaper, faster, and most exchanges already have ETH pairings for all their listed Cryptos right?

>fake money has fake exchange rates decided by fake brains

The pump also serves another purpose. I spend 1 BTC on XVG turn it into 6 BTC and want to take profits, I convert the XVG to BTC and sell the BTC for USD on GDAX.

So by pumping these alts they are actually causing sell pressure on the price of BTC as people cash profits. So they can profit from the alt pump, get more BTC that way, and buy BTC with USD at depressed prices from people cashing their alt gains.

The altcoins pumps seems coordinated and I start to think something like this. A big player organizes the game.

i donno is it?

i fucking hope so

for all i know they have been dumping for the last 1-2 weeks while printing more in (((their))) xrp labs

its fucked that the devs own 60% and more xrp can be printed - not to mention the possible otc deals..

holy post well done user im out
also capped
also possibly gassing myself as i can't withdraw until tuesday

When it crashes and NEETs lose their altbux, fiat, and are massively in debt as a result, the Great Heroes will introduce UBI and then it's LIGHTS OUT for the skill-less VR Matrix-Bots whose cradle-to-grave existence will be logged in The Blockchain. This whole fucking thing is demonic.

why would you cash out with BTC when you can do it with ETH?

Not to poke holes in the theory, because i do agree. Unless you're coming from a normie angle

that creates as much buy pressure as it does sell pressure

Heh. Speaking of.

..not to mention the amount of newbies who have taken out loans, mortgaged their houses and put their pensions, life savings etc into crypto in the last couple of months

if the dump happens it will be a shift of capital from wagecucks to the big players of epic proportions

how many people will default on their loans, lose their house and life savings?

how bad will this shock economies?

How many people actually took a loan, let aloan mortgaged their house? Very very few.

Your theory is not a bad one and definitely made me think. I would say that bitcoin price was manipulated for a long time. Who wons most of it? China and their mining farms. They " banned " crypto, right? Why? And how does this ban really work out for them?
Now to alts. How many different people own them? I don't know if there is a way to check it, but my very uneducated guess is that lots of people.
What if the shill on alts is the way to throw China's dominance over BTC and it's an effort to prevent the market manipulation by preventing people who hold the most of it to have a humongous advantage and a way of controlling alts market by controlling the price of bitcoin?
I'm not sure but your theory+ a shit ton of the dumb money flooding the market, plus some shady government/institutions fighting over the market share may be a good explanation.
It's important to bounce this kind of ideas because we are a small fish and we need to understand what's going on to try to make it.
How would a higher dump of alts happen?
The complete shit coins are easy to tank but the good coins will hold their ground. The decoupling of the alt market and BTC market already started. The alts start to (slowly) move independent of bitcoin. They are not crashing to nothing with bitcoin but do seem to fly with bitcoin increasing ( not all of them but more and more)
I got out of BTC and right now I'm doing ETH and LTC pairs substantially reducing my ETH and LTC holdings in the process.
At the end I'm not sure who is right, but I'm sure that we all need to be careful and do much more research than we are used to.

You're missing the bigger picture

>VR Matrix-Bots whose cradle-to-grave existence will be logged in The Blockchain

good luck, I'm behind an unknown amount of monero

$UBI incoming.
>Take your vidya ration and go back to your room, slave.

I'll tell ya hwhat, anons. It's never as good as a normie thinks it is, and never as bad as a retard schizo like says it is.

Someone please explain to me what makes bitcoin special? It was first but it’s fees and speed are so bad and it gets a new fork clone every month.

whether it's late adopters getting tricked by the "bitcoin will get replaced" or "next bitcoin" meme or what you say, it doesn't matter, because whales and institutional money are using these shitcoins to accumulate bitcoin either way, so the pump and dumps will play out in the same way, with the dumb money holding the bag because they actually believed any of them could replace bitcoin.

we can't know for sure, but if you have been analysing social media it could be quite a few

Being 41 with a skill and a job and savings and land, I'm not particularly personally worried about the Veeky Forumstards future enslavement, mind. If you can't look at Veeky Forums in its current state and see just how poisoned the crypto-well has become, you're not schizo--you're just fucking retarded.

MAKE IT STOP ITS NOT FAIR

Is he Satoshi?

These pumps we are experiencing arent organic and feel manipulated as fuck. You just went a step ahead and performed some due diligence.
We are going to experience some pain.
Buy the dip

You deserve a bump OP. Good post. I can't work out for the life of me why TRX and FUN has mooned so incredibly in the last few days for no reason. You might be on to something, might not, either way you really made me think!

The question is, as someone holding a lot of altcoins right now, should i sell them all and buy ripple instead?

>Maybe 25% btc dominance? Maybe ripple overtaking btc?

Methinks OP may have bitcoin bags from when it was closing in on 20K.

Maybe instead of financial institutions or (((they))), its simply just big time coin whales. They are pumping alts and holding down btcs price, to accumulate more btc or eth.

Yes.

Exploiting that price difference between exchanges is called "Arbitrage," and enough people doing arbitrage will slowly converge the prices down to whatever price difference has zero-return for continuing to exploit it in that way. Often this price difference is not zero as you would think, because sending ETH and USD between the exchanges (mostly USD) has a (usually) large fee. So that price difference you are seeing is likely not exploitable, and if you were to buy on one exchange and sell on another, the fees would wind up equaling the price difference, roughly. That said, money CAN be made doing arbitrage, but the more people doing it, the less you can make.

Core cucks think this is January 2017. ETH has taken the rightful spot for defacto crypto

That was a really fun thread.

...

Bumperini bumperino

We're post-"rightful."

>ETH
Doesn't scale

a lot of those big addresses are exchange addresses.

check'd and kek'd

No matter how fake it is, that picture is hilarious.

So this is really autistic but in the sentence "can britain keep booming" you can create the word "bitcoin" without using anything twice

And in the sentence "takeshita comes to town" you can create "satoshi nakemoto" without using anything twice

Too spooped to keep going, thats a rothschild owned magazine

...

Where it really gets good is when you look up the Jewish Gematria value of words like 'satoshi'.

Hint: It's got the same number as Phoenix.
gematrix.org/?word=satoshi

THIS
THIS
THIS

Should I put on my tinfoil hat anons

everyone ITT is now aware that all markets are manipulated...crypto is not immune...

>off by one
not yet user, not yet

Do you guys think the reason SEC has nothing against pump and dump groups and similar shady stuff is because of massive market manipulation to help their whale friends who can't do this in the stock markets?

is this post connected to this seems like some real insiders have been popping in and out of /biz since december

>good luck, I'm behind an unknown amount of monero

Crap

You're overthinking. The new crypto currency 'investor' has no idea of what market cap is. That's why they buy 'cheap' coins. They seriously expect ripple to hit $900 like ether did.

There's also a new factor influencing the choice for 'cheap' coins: a lot of new investors are from third world countries. They invest tiny amounts, usually less than $500. As they buy bitcoin from sketchy, untrustworthy exchanges they hesitate to make larger deposits. I personally known 3 people from Latin America who invested less than $500 in Ripple, Stellar, and Cardano having no idea of what these coins are supposed to do. They picked these coins because they were being shilled on Facebook and because they are 'still cheap.'

>The new crypto currency 'investor' has no idea of what market cap is. That's why they buy 'cheap' coins. They seriously expect ripple to hit $900 like ether did.

Literally nobody thinks that you fucking at idiot. At best 1 out 1000 people who invest into the crypto markets think that. Biz isn't all there is to crypto, retarded faggot.

If "investors" were the people "investing," they wouldn't be buying the things they're buying the way they're buying them.

...

What the fuck does that have to do with anything you cum guzzling cock gobbler

Bitcoin is not the crypto that will go on or become THE CRYPTO.
It’s technology is already behind and this matter will get worse in the upcoming years.
While I do believe (((they))) are making moves to avoid the transfer of wealth and freedom cryptos will allow I don’t think they’re that concerned about accumulating bitcoin, in any case (((they)) are already big players in bitcoin. Do you know what Blockstream is?
I think they know that the great revolution blockchain will bring is not bitcoin but all of the different applications alts have. Cryptos like Ethereum, Enigma, xlm take power away from them and eventually they will have to buy in or stay behind, leading to a transfer of wealth and more importantly change in the system. A word where banks can’t retain ur money during transfers, a word where they can’t put massive entry barriers reserving investment for the rich, a world where their inflated and manipulated currency is no the only option, where everything can potentially be recorded in the blockchain to help hold institutions accountable.
That would be a real game changer and I know I wouldn’t want it if I was comfy at the top.

Sheeet. What do we do?

this is literally what ripple is... a few other coins probably

You know how we mention "stupid people" every now and then?

Yeah, you're one of them buddy

Well no shit, whales do exist. and futures investors would consult whales due to unregulated insider trading.

Mcafee literally shilled for XVGwhale on twitter, in plain sight , he is now a millionaire and i bet mcafee took a cut.

as far as xlm/xrp , yeah well i see the amount of mainstream shilling.

Really with all this crap there is nothing you can do about it, may as well find a pattern and profit off it./

>may as well find a pattern and profit off it

RIDE THE TIGER
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I think you are right but also for ether. It's pretty much confirmed ether futures are also coming (probably nasdaq) which means there are going to be two etfs: btc and eth. Once that happens other coins are going to be left in the dust.

The main characteristic of bubbles is that people stop paying attention to fundamentals.

This is a perfect-storm of bubbles because they can say "there are no fundamentals in crypto!" and actually be able to believe it.

such post not allow on Veeky Forums, remove post now

If you're saying there's insider trading...newsflash...this is an unregulated decentralized and insider traded market. There is no doubt in my mind large silent krakens are at play; the whales cannot even compare.

How do you even begin to analyze "fundamentals" in the crypto space?

There's no quarterly earnings report, no assets/liabilities, nothing in terms of traditional "fundamentals" as they pertain to stocks.

It's literally who can innovate the fastest and garner the most public support first.

They do think like that. Right now there's a thread shilling Tron 'because it's less than 0.10.' Look at the catalog.
There's a thread shilling Reddcoin because it's cheap also.

The only flaw with this theory is that this BTC-moon then alt-moon cycle has been going on for years. It's always the same, BTC blasts off, alts get justed, then BTC corrects and alts all pump while BTC consolidates. it's happened every time before and will happen again (when XRP starts crashing will probably be the signal for the beginning of the end of this alt pump, so that's when to get back into BTC).

The Segwit2x event is when I began to realize this. The magnitude of manipulation and insider trading in the crypto market is unbelievable.

> (You)
>
>How do you even begin to analyze "fundamentals" in the crypto space?

By asking very simple questions.
1) does anyone use this coin?
2) if not, will it be used in the future?
3) can it reduce costs?
4) is the team qualified?
5) whats the GitHub activity?
6) do devs write good code?
7) do developers have incentives ($$$) to keep this thing alive?

New investors are ignoring all that and going for cheap coins that rise fast. It's the penny stocks mentality. This will end badly.

Is scaling faster than bitcoin while also performing triple the number of transactions while also being more decentralised.

>Normies don't wanna buy parts of btc
>Normies don't wanna buy something worth 15k
>Normies think they can buy 30cent coins and ride to 15k

SC is a good example of blockchain that "does something."
A billion dollar Dropbox startup.
k.

This.

reminds me when people were paying 10k to register random shitty domain names like feeb.com . dotcom boom was retarded

bitcoin is an actual bad investment you nitwit.

if bitcoin were to mass adopted (pretty much the goal of bitcoin) it would not scale. It is technologically infeasible due to its data structure and mining system.

It is absolutely not a safe investment. Just read the white paper, wikipedia the math stuff you don't understand. Put two and two together.

The rise of these alt coins is not coincidental, they do things that btc can't

XRP, scales linearly because no dumb mining system (cooperative nodes instead of competitive), and it doesn't store every transaction ever made, unlike bitcoin.

XLM, fully anonymous, unlike bitcoin where every transaction is traceable.

IOTA, storage complexity doesn't scale much better than btc, but transaction speed increases as more nodes are added, so the network scales..

I can go on all day, btc is just an inferior product and people with actual math and computer science knowledge have started chiming in

This.

>
>SC
>A billion dollar Dropbox startup.
Keep in mind that 1 billion dollars is the value of circulating tokens, not the value of the startup that develops SC. The company's value would be much lower.

Right. What I seriously can't wrap my brain around is why a cloud-storage-blockchain solution needs its own currency. Is the idea that I'm going to use my ETH to get SC so that I can spend ($5USD) for storage? Who wants to do that?

Storage can never be decentralized, and if it was, it would be for pedo's anyway. yeah seems as useful as DentistCoin.

Yes