“Bitcoin’s price is rising for one reason: Market Manipulation. A recent Forbes analysis of 157 crypto exchanges found that 51% of daily bitcoin trading volume being reported was likely bogus (and that was the tip of the iceberg).” Reed asserted in a recent tweet.
That's John Reed Stark, the former chief of the Securities and Exchange Commission’s Office of Internet Enforcement.
Because, of course, the SEC, and other gov miscreants, doesn't have anybody doing hand-jobs on various markets. Wash your hands afterwards.
And here is the proof: The Impact of Cryptocurrency Regulation on Trading Markets; a research paper one year old.
... we found no systemic evidence that regulatory measures cause traders to flee, or enter into, the affected jurisdictions.
erm... not exactly the intended proof of "manipulation mania".
Anybody who has never heard of the DJIA "plunge protection team" should do some research. Yeah, I know, it's all a big conspiracy - which, of course, it is.
At the other end of the spectrum, PlanB has a plan to protect.
Analyst PlanB On How Current BTC HODLers Will Lay the Foundation for The Next Bitcoin Bull Run
Furthermore, the S2F model predicts that the price is more deviated from the actual price of bitcoin than at any time in its history, raising the prospects of bitcoin tapping $78,280.
That makes no sense at all! Thank you, ZyCrypto. What it means is that the actual market price is far lower than the model prediction. I have said many times that it no longer works very well because of the significant increase in BTC derivatives, but, well, I don't have a PlanC to pump.
But here's something spooky: Wrapped Bitcoin (WBTC) Is Melting on Ethereum Chain, What's Happening?
At the end of this rally on the market, numerous analysts and traders assumed that market manipulation was one of the main reasons behind such explosive performance of Bitcoin and other assets. One of their main proofs was abnormal open interest on most cryptocurrency derivatives trading platforms.
There we are again - hand-jobs. These have been going on during many weekends (Fridays to Mondays depending on timezone) ever since I can remember; so is nothing new. Shafting your short friends is just a game.
And finally, when in doubt, ask a panel of experts and then pretend that the mean of clueless is somehow meaningful.
Is The Bitcoin Bottom In or Not? Crypto Analysts Disagree
When you see someone is "encouraged", while another is talking to his gut feelings, and someone else expects a "pullback" to $21,500 when the price is about $21,200, you just know that they are making this all up.
What do I think? Tonight I heard a tokay call seven times.