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I'm the furthest thing from a technical analysis expert of price movement, but the BTC chart looks manipulated to me. I assumed at first that it was just people
by bob33212 5y ago
I'm the furthest thing from a technical analysis expert of price movement, but the BTC chart looks manipulated to me. I assumed at first that it was just people trading BTC between themselves to move the market, but this theory makes more sense. BTC miners are extracting USD from their mining, while the price is controlled by other coins printing and buying BTC. New buyers of BTC are providing the cashflow into the system.
- shlant 5y agoWhat does "manipulated" mean to you? What does a "manipulated" chart look like? (I'm not being cheeky, I am just trying to get a grasp on your perspective)
- roofwellhams 5y agoThat's what I always ask when someone claims manipulation
- bob33212 5y agoFor the past 8 weeks it has traded in a 10% band. Why have none of the events or momentum moved the price by more than 10%. You can make the case that Tesla selling some wasn't a big deal. But with everything happening over the past 2 months there should have been at least 1 swing up or down by a lot.
- shlant 5y ago> there should have been at least 1 swing up or down by a lot. says who? why is this your criteria for "manipulation"? Are you saying that it's only been manipulated for the last 8 weeks?
- bob33212 5y agoIf you Google "statistical anomalies and fraud" you will see several examples of where public data pointed to corruption without hard evidence. ( Madoff, Putin election )