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Price Manipulation & Attack on Bitcoin

Discussion in 'CryptoCurrency' started by Doozle22, Nov 12, 2017.

  1. Doozle22

    Doozle22 Junior Member

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    This has been a very frustrating and disappointing couple days in the Cryptocurrency world. Their has been huge price manipulation due to just a few people.

    This is a theory but shows a lot of evidence that could prove it to be true.

    Their has been a pastebin posted July 30th predicting this price manipulation happening months before.

    It successfully predicted:
    • Segwit2x cancelled project (Was never planned to even be successful)
    • Selling of bitcoin
    • Accumulating bitcoin cash at low price
    • Pumping Bitcoin Cash price
    • BitcoinCash listed on all major Chinese exchanges
    To summarize it states that a group of Chinese miners and large Cryptocurrency holders are trying to get Bitcoin cash to replace Bitcoin.
    Whether the source is credible or not that is up to you to believe, the only thing that we can confirm is that the pastebin was posted July 30th months before the price manipulation that has taken place. Also over 1/3 of all the transactions of bitcoin cash were on South Korean exchanges.


    We are learning that the Cryptocurrency market can be controlled by a group of people. They were able to over 4x Bitcoin Cash's market cap, over 3x it's price and temporarily passed Ethereum on market cap becoming the second largest Cryptocurrency in a couple of days.

    Bitcoin cash is a huge Cryptocurrency, but they were able to manipulate the price as if it were a pennystock. And because of that they have made a serious profit. So we have to ask:

    What is stopping them from doing it again?

    Below is the pastebin that I was referring to.
    Also here is the link if you would want.
    https://pastebin(dot)com/n0aGBMQr

    img_1.JPG
     
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    Last edited by a moderator: Nov 12, 2017
  2. ZennoScripts

    ZennoScripts Regular Member

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    [​IMG]
     
  3. mickyfu

    mickyfu Elite Member

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    Don't worry some of the BHW crypto ballers will bail everyone out by whacking their trillions in.
     
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    Last edited: Nov 12, 2017
  4. Sherb

    Sherb Jr. Executive VIP Jr. VIP

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    Good. This is how people who thought they knew about finance finally learn about finance, volatility, and that nothing goes up and up and up forever.
     
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  5. Redadski

    Redadski Junior Member

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    All we can do is play along and hope we can lick a piece of that massive cake they are baking.
    Cause lets be honest there is nothing we can do about it.
    Ill sell as soon as i make 50% profit and buy again at a low price tomorrow.
    We're all in it for the money at thr end of the day.
     
  6. JimLoge

    JimLoge Newbie

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    Watch out when the CME bitcoin futures arrive. Many institutions will then be able to short bitcoin.
     
  7. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

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    Good. Let’s all jump on the bandwagon then. I already sold all my BTC at 7500. Now I bought some bch at $1700 (yea I know, I might be the victim of the dump at that price but hopefully bch keeps climbing) so I’m hoping BTC keeps going down and bch goes up.
     
  8. mrankin

    mrankin Jr. VIP Jr. VIP

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    I haven't held any BTC for a while now. Better to find a new and promising alt-coin IMO. BTC will one day be replaced by another crypto as the mainstay, just as Google replace Yahoo as the main goto for Internet searching. I've been working with Credits(CRDS) since the original dev left and currently it's the only alt coin I hold.
     
  9. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    The elite plan:

    Sell BTC
    Buy BCH
    Sell BCH
    Buy DASH


    Dont believe? Look at DASH current price right now.

    I wish I could join the elite group lol.
     
    Last edited: Nov 13, 2017
  10. slager889

    slager889 Regular Member

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    Interesting. Don't have much BTC at the moment, but I will be investing heavy in bitcoin cash.
     
  11. hero76

    hero76 Jr. VIP Jr. VIP

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    Yes there is a movement to make bit cash the number one crypto.
    Also Lots of people were expecting to make free coin once the fork happened and kept driving the price up. Now there is no fork so they all sold at $7500.
     
  12. bettor_earth

    bettor_earth BANNED BANNED

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    It is just a signal telling all of you that, there is upcoming global money system reset. You better sell the bitcoin or any crypto currencies before it too late.
     
  13. Lisa Baker

    Lisa Baker Newbie

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    "Ill sell as soon as i make 50% profit and buy again at a low price tomorrow." Everyone's idea is the same that is the main reason why the price of the coin is always increasing.

    "global money system reset" I think you are probably talking about the Zimbabwe note! huh??
     
    Last edited by a moderator: Nov 13, 2017
  14. yohanandz

    yohanandz Junior Member

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    what about bitcoin gold?
     
  15. LyyK

    LyyK Registered Member

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    /r/btc has been hyping bitcoin cash extremely hard. It really wouldn't surprise me if they were responsible for a somewhat significant portion of the pumping we've been seeing over the past week.
     
  16. pofigy

    pofigy Jr. VIP Jr. VIP

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    survival of the fittest ,nothing else
     
  17. nitrogram

    nitrogram Newbie

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    dont worry, getting bigger
     
  18. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP

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    Watch out Bitcoin Gold had a secret program in it taking X% of coins off everyone's wallet.

    It's been removed but WTF should you think of a coin that had this in its official code? https://github.com/StarbuckBG/node-stratum-pool/pull/1
     
  19. roman375

    roman375 Jr. VIP Jr. VIP

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    This is not entirely accurate. The secret code was not designed to steal coins from people's wallets. Instead it steals a percentage of miners' transaction fees and sends it to the wallet of the coder in question. The whole Bitcoin Gold thing is nothing but crooks trying to profit as much as possible from their little project.
     
  20. primechecker

    primechecker Regular Member

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    Whales are gonna whale. It was always like that.