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Price manipulation


Capone
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Price movement of the markets always happens in a few minutes spikes which clearly shows manipulation by whales. The SEC has clearly stated that manipulation of the markets is a major obstacle to the approval of cryptos ETF's. What do you think is the solution to that issue ?

Edited by Capone
Grammar
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It is just amazing. About one hour ago top 30 was mostly green. Now it is all read and all crypto is down > 5%. Most likely this is again a BTC whale putting in massive sell orders and taking it back before actually selling anything. Don't know how they can manipulate the market like this. This has been going on for years. The exchanges allowing t his to happen should be closed.

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12 minutes ago, JBW said:

It is just amazing. About one hour ago top 30 was mostly green. Now it is all read and all crypto is down > 5%. Most likely this is again a BTC whale putting in massive sell orders and taking it back before actually selling anything. Don't know how they can manipulate the market like this. This has been going on for years. The exchanges allowing t his to happen should be closed.

Rumors of a new delay for Fidelity or BAKKT to go live. Quite the dump. XRP is number two on CMC again though (well, for a few minutes at least) . Yeeeeeyh.

Edited by mandelbaum
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1 minute ago, mandelbaum said:

 

Rumors of a new delay for fidelity or BAKKT to go live. Quite the dump.

ok but that is only a delay... so what. It is better they delay and make sure everything is working like a clock instead of rushing and then find out there are problems... don't know why everything has to happen so fast these days

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7 minutes ago, mandelbaum said:

 

Rumors of a new delay for Fidelity or BAKKT to go live. Quite the dump. XRP is number two on CMC again though (well, for a few minutes at least) . Yeeeeeyh.

That would not cause a 5% drop in 5 min. And please note it's the middle of the night in America.

Edited by Capone
Grammar
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1 hour ago, Capone said:

Price movement of the markets always happens in a few minutes spikes which clearly shows manipulation by whales. The SEC has clearly stated that manipulation of the markets is a major obstacle to the approval of cryptos ETF's. What do you think is the solution to that issue ?

Exchanges make money from trades. It is thus in their interest to have (make) spikes and dips to motivate buying and selling. The worst situation for them is when everyone is holding and no one is buying or selling much. When we talk about whales, exchanges are probably the biggest ones there are in this market given the amount of cryptocurrency holdings parked with them. When trade volumes reach excessively low levels that no longer sustain the transaction fee revenue for the exchanges, they then play the game of pumping the markets to new highs to draw in new speculative interest. Wash, rinse, and repeat.

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1 hour ago, mandelbaum said:

Well yes, thats true. The volumes seem to be coming from Bitmex.

Bitmex offers margin trading up too 100x leveraged. A spike like this will close big positions and earn bitmex lots of money - if the spike is in the right direction for Bitmex. I think its quite widely accepted that Bitmex is manipulating the market to earn money of their margin trading.

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22 minutes ago, Cobalt said:

Exchanges make money from trades. It is thus in their interest to have (make) spikes and dips to motivate buying and selling. The worst situation for them is when everyone is holding and no one is buying or selling much. When we talk about whales, exchanges are probably the biggest ones there are in this market given the amount of cryptocurrency holdings parked with them. When trade volumes reach excessively low levels that no longer sustain the transaction fee revenue for the exchanges, they then play the game of pumping the markets to new highs to draw in new speculative interest. Wash, rinse, and repeat.

That's a good point... I often wonder if sometimes they spam forums with TA and hints and tricks on how to trade while pretending to be contributing members of forums... naaaahhhhhh... probably not...

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7 minutes ago, EcneitapLatnem said:

That's a good point... I often wonder if sometimes they spam forums with TA and hints and tricks on how to trade while pretending to be contributing members of forums... naaaahhhhhh... probably not...

Cartoon characters such as Ripple Riddler, BearableGuy123, etc are definitely not altruistic goody-two-shoes who want to help crypto speculators make money. Those fancy video montages and photoshop works don't come free! I wonder who gets to benefit the most from their prophecies? Hmmm :D

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30 minutes ago, Cobalt said:

Exchanges make money from trades. It is thus in their interest to have (make) spikes and dips to motivate buying and selling. The worst situation for them is when everyone is holding and no one is buying or selling much. When we talk about whales, exchanges are probably the biggest ones there are in this market given the amount of cryptocurrency holdings parked with them. When trade volumes reach excessively low levels that no longer sustain the transaction fee revenue for the exchanges, they then play the game of pumping the markets to new highs to draw in new speculative interest. Wash, rinse, and repeat.

The only problem with your reasoning is that movements like this make fewer people want to speculte since the movements make the market seem irrational. I think everyone agrees that these movements are hurting crypto and therefore exchanges in every perspective except the very short term.

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