Dystopian Bots Manipulating Price of Bitcoin in ‘Wild West of Crypto’?

in informationwar •  6 months ago

True or not, what does matter here is that many investors will thrown in the towel at some point. The meritocrats have resorted to the same tactics for about centuries. Pump and dump. They first inflate reality, then discourage and send warnings to seize the biggest part of the market, hence controlling the latter.

But anybody aware of the "game in town", knows that manipulation is rampant, and that it goes well beyond the crypto market. The manipulation starts on TV and influences the way we value things in life. Emotions are in charge. The world currency trade is a facade that only can be sustained if enough people hold on to their shares and other possessions.

The game is rigged beyond belief. Bernie Madoff made the headlines because the scam was too huge to hide, and the MSM and regulators want people to think that they are policing the markets. But the sad truth is that we do not hear enough about insider trading. Demand and supply is a ponzi scheme. Some get rich at the expense of many. They made a fortune because they (paradoxically) know about the "irrationality of monetarism"!

Richest 62 people as wealthy as half of world's population (2016) guardian.uk

That is what economics is about: there is no safe value as perceptions regulate the mood of the world stock exchanges. Perceptions are very fragile by definition, one gloomy news only is enough to see a majority rush towards the exit doors!

What does define the mood and perceptions?

To explain that one will have to understand metaphysics and consciousness: the electric brain waves circulating between synapses that prompt humans to make decisions. Moreover, what is deemed rational is always generated by the senses. And there always are a gazillion of reasons guiding our perceptions, which makes human thinking unpredictable. But cynically, the AI silent assimilation could fix that for good: once we are all plugged into the Hive Mind, we'll all be thinking alike more or less, and our thoughts will prioritize the AI god.

The meritocrats have comprehended the nature of reality since the dawn of times (and sorry it was not discovered by the bronze age populations but way before them), and that to interfere with people's unpredictable perceptions, money is the best tool ever to herd and control behaviors. From there, it is easy to conceive that money was always meant to enslave a clueless majority.

And this makes money, as a tool, not so trustable in the first place, because should perceptions change overnight, one stands to lose (almost) everything. In fact, and most do not realize it but the world markets always hang by a thread, and are completely depending on the threat that many people could become aware and awakened.

Manipulation is absolutely inherent to monetarism, and this is a unsolvable puzzle regardless of the angle we wish to look at it. Perhaps the most pertinent and rational argument in favor of a money-free society!

Bitcoin Price Manipulated by Cryptocurrency Trading Bots: WSJ
..... Stefan Qin, the managing partner at cryptocurrency hedge fund Virgil Capital, uses its own bots to battle “enemy” bots on dozens of cryptocurrency exchanges worldwide. His company has built error handing functions to identify activities that are potentially illegal, referencing the crypto sector as the “Wild West of Crypto.”......... Manipulation’ Has Defenders... Some bitcoin supporters who oppose to cryptocurrency regulation don’t consider market manipulation as wrong and openly support it....... He told the WSJ that he thinks it is pointless to outlaw manipulating digital currencies. He said it would be better to provide sophisticated manipulation tools to small traders as a way to level the playing field. If everyone manipulates, no one manipulates, he said... FULL ARTICLE: https://www-ccn-com.cdn.ampproject.org/v/s/www.ccn.com/bitcoin-price-manipulated-by-cryptocurrency-trading-bots-wsj/amp/?amp_js_v=0.1#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.ccn.com%2Fbitcoin-price-manipulated-by-cryptocurrency-trading-bots-wsj%2F

Bots Are Manipulating Price of Bitcoin in ‘Wild West of Crypto’
Abusive software runs largely unchecked on crypto exchanges, prompting regulatory concern
Investors know bitcoin’s violent mood swings well. What they often don’t know is that unscrupulous traders, wielding purpose-built software, can be behind them. Manipulation in cryptocurrencies is a growing concern for regulators—and even for some proponents of the digital coins. The Securities and Exchange Commission cited that risk in August when rejecting several bitcoin-based exchange-traded funds. The office of New York Attorney General Barbara D. Underwood highlighted the issue last month in a report warning that crypto... (for subscribers only) https://www.wsj.com/articles/the-bots-manipulating-bitcoins-price-1538481600

The Rabbit Hole (Phantom Shares)
Gary Matsumoto, received an Business Emmy nomination for his program "Phantom Shares. What is the SEC doing?

Understanding Market Manipulation

Rep. Chris Collins (R-NY) may be the first member of Congress to be charged with insider trading on the stock market, but don’t for an instant think he’s the only one engaged in the practice. The opportunities for cheating by lawmakers are far too prevalent. (2016)

Forex Market Manipulation Explained in Depth
(bitcoin and others, the demand and supply fake game and the Law of Equilibrium -- very good)

'Market manipulation 101': 'Wolf of Wall Street'-style 'pump and dump' scams plague cryptocurrency markets. Nov. 14, 2017

Scam artists from around the world, capitalizing on lax regulations at the Danish emissions trading registry, have made off with an estimated $7-billion over the last two years, according to Europol. (2016) https://kyc360.com/article/scam-century-fraudsters-made-60000-eur-day-trading-eu-carbon-credits/

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Yes the Bitcoin Community has been well and truly infiltrated by the bad sorts that do not mean well and care not for the community ! They are there to FUD spread fear, influence the market, destroy their enemies and take all the wealth ! One day just maybe we might live in an other world but for now this is certainly the truth ! Nice post @earthcustodians ! )


thank you for confirming the infiltration... deceit has infiltrated humanity since ever... eventually it will come to an end. People will wake up. I wish to think that but may be wrong.


yes its true that people are waking up )) wwg1wga ! )

Money is a tool that allows us to communicate value to each other.

It has been around a long long time because it is a useful tool for trade. It is absolutely necessary for a free market and free market pricing system. If it wasn't useful, it would have disappeared a long time ago. The free market pricing system has created a marvelous value discovery system. It is trivial for us to determine the costs and benefits for any course of action one may choose in life. This is the amazing benefit of money. The pricing system shows us if a course of action is worthwhile or not. It is an amazing complex web that is impossible to understand, yet built entirely by people making individual decisions every day. Here is a short video about a pencil that will give an illustration of what I am trying to convey:

You, yourself as a supposed money hater, spend hours and days preparing these posts so you can get some cryptocurrency. You are working for money. And you are going to use that money to trade for other things. You are ensnaring yourself deeper and deeper into capitalism. Yet, you are not evil. You are simply using money like everyone else on the planet. Everyone else also has plans for their lives, and they are all spending time and effort to get there. And they use money to further their plans, just as you are.

If you get rid of money, you will destroy this wonderfully intricate and extremely important web of information built by people exchanging their money for things. And you have nothing to replace this vast worldwide human computer. You just want to destroy. It is so sad that you do not understand.


Money is a tool that allows us to communicate value to each other. ANOTHER EARLIER QUOTE OF YOURS... Out here in the real world, extreme poverty is being destroyed at an awe inspiring rate... FROM YESTERDAY: Humanity is prospering more than ever before in history. W have gone from 99% of population living in absolute poverty down to 8-9% in the last few centuries. THANK YOU CAPITALISM!!!! Reality is calling, it is trying to break your delusion

Richest 62 people as wealthy as half of world's population (2016) guardian.uk



Are those 62 people stopping you from making yourself more wealthy by posting blogs here on steemit? Are they stopping you from exchanging your money for things that you want? Are they stopping you from more accurately planning your life thanks to the free market pricing system?

No, they are not.

Do those 62 richest people change the fact that extreme poverty is being destroyed? Do they change the fact that life is immeasurably better than 300 years ago?

No, they do not.


DEBT IS WEALTH... SINCE WHEN???... you are a central bank and a corporate fascist apologist. You do not know anything about economics, philosophy. You just parrot what is said on TV, brainwashing.

world debt is almost 300 trillion while the world GDP is around 75 trillion

half of population is living on 1-2 dollars/day... and most western citizens are in debt up to their ears, one or 2 paychecks from bankruptcy


Debt is not wealth. Wealth is wealth. There is 520 trillion dollars worth of wealth worldwide.

You keep whinging about world debt. But have you ever bothered to look at world net worth? Of course not, because that would be productive, and you are not about productivity, you are about scare mongering.

If you added the value of all the things you owned and then subtracted any DEBTS you have, you come up with a number called net worth. If you own more than you owe, you get a positive number. If you owe more than you own, you get a negative number. Now we simply do that with every single person on earth and guess what? You get a positive number! 280 trillion to be exact. So on average people own twice as much as they owe. And that number increased last year by 6%.

World wealth: 520 trillion
World debt : 240 trillion
World net worth: 280 trillion

We are creating more wealth every year, and we are destroying poverty every year. Is this what you are mad about?

The world median family income is $10,000 a year as of 2013, and it is rising every year. Much higher than your 1-2 dollar a day claim. Here are some actual real world numbers:


bogus numbers because ALL NATIONAL DEBTS REPRESENT SHORT-TERM LIABILITIES .. the US has already 100 trillion debt with long term liabilities... WORLD NATIONAL DEBT CLOCKS ARE BOGUS

I am sure that your total net worth include the real estate with is a GIANT MASSIVE GLOBAL HOUSING BUBBLE well documented on the internet. In the US the bubble is back to the 2008 level... DEBT IS WEALTH.. right

Is Our Debt Burden Really $100 Trillion?

and lets not forget the $500+ TRILLION DERIVATIVES BOMB WAITING TO EXPLODE at some point. Go and investigate

Go tell students that there wealthy with their diplomas: U.S. student loan debt reaches a staggering $1.53 trillion. (2018).

Like I said you only trust the rosy news delivered by the MSM... and furthermore, considering the massive manipulation of the world stock exchange, what this blog is about -- but again you elude the topic -- what is really worth out there??? So keep avoiding the topic...

And what about the unfactored cost of pollution cause by corporations that you defend so dearly??? 5 trillion already for the oil industry... and we destroy the planet at a pace unseen before!!!

You get a fail, simple...

Because on top of that , you think that SLAVE LABOR IS PAID 10,000 YEAR, PER WORKER... while it is well documented on the net. There is a HUGE DISPARITY... yes, go investigate, slave labor is cambodia, vietnam, indonesia is paid 1-2 dollar per day. And in many other developing countries as well.... I can come up with many links if you insist. Here is one already

The hourly wage for workers producing Tommy Hilfiger garments ranges from 23 cents to 1.75 dollars

You are a central bank and corporate fascist apologist... or you have a cognition issue that prevents you from seeing the BIG picture. That you are unable to wrap your mind around it... sad


lol, you offer the numbers, then call them bogus.

This again is a large non sequitur.

Nobody is stopping you from using money to better your life. You can jump up and down all you want screaming that the sky is falling, it will not change the fact that we are growing wealthier every year and we are destroying more poverty every year.

The wages you mention seem paltry by your elitist US standards, but in the countries where they are offered, they are among the best paying jobs for unskilled workers. People LINE UP to get those jobs. Nobody is forcing them into "slavery". Without those jobs, their country's would be WORSE off. Without Tommy Hilfiger coming into their countries and opening up factories, those people would be worse off. Those people's lives are BETTER with those jobs. Thank God that capitalism can invest in the infrastructure of poor nations and build them up.

If you even bothered to look at the link I provided in my last reply, you would have seen that , yes indeed there are a few horribly poor places on earth where the daily wage is 2 dollars a day. About 8-9% of the world's population still live in these hell holes. But these areas are shrinking fast, thanks to capitalism.

And what will you do about this poverty with your "no money" system? You will take what little these people have away from them. SHAME ON YOU!

And let's see, what else are you trying to scare people with? Ah yes, derivatives. If you look at the absolute or notional value of the world's derivatives market, it is estimated at 1.2 QUADRILLION dollars!!!!! OMG!!!!! Run around in little circles and wait for the end of the world!!!!!

Or we can take a slightly closer look. Now the notional value I just mentioned is based on the total value of the underlying assets of the derivative. Assume for example, An S+P 500 future's contract is selling on the future's market for $3000 dollars. So the market value of one unit of the S+P 500 is $3000. This is amount the buyer of the contract could possibly lose if the value of the contract goes to zero. Now let's look at the notional value. The S+P 500's futures contract is based on 250 units of the S+P 500, or 3000*250=$750,000 dollars. This is the notional value of the contract. Even though the buyer of the contract can only possibly lose $3000 dollars, the notional value of the contract is $750,000 dollars. So the actual market value of the S+P 500 derivative is 0.5% of the notional value. Now the notional values are huge and are great for fear mongers to scream about, but they are not really important in any monetary way.

So we can see how that 1.2 quadrillion notional value number got to be so huge. If we look instead at the market values of all the world's derivative market, it is around 20 trillion. Which is still a large number, but rather small compared to the total wealth of the world which sits at 520 trillion.

What else you got to scare me? :-D


address the manipulation of the world stock exchanges, then you will maybe see the LIGHT. THE GAME IS RIGGED FROM A TO Z

People LINE UP to get those jobs. Nobody is forcing them into "slavery". Without those jobs, their country's would be WORSE off.



Your derivatives rosy scenario is again by the MSM... for the people like you who believe them. derivatives have been used for more than a decade to CAMOUFLAGE the real state of the economy, their lies the danger. Money is no tool but a WEAPON because of
people like you, unable to understand the power game.

The failure of the system is embedded in monetarism, as soon as one allows economic managers and profit seeking. There is nothing wrong with derivatives when the system is SOUND. MANIPULATION-FREE

During the financial crisis in 2008, the root cause of the meltdown was derivatives. Specifically, CDOs, or Collateralized Debt Obligations related to mortgages and CDSs, or Credit Default Swaps.


Derivatives are financial weapons of mass destruction says Warren Buffett in 2002 http://news.bbc.co.uk/2/hi/2817995.stm

Your economic education is too poor for me to even address the rest of your post.


besides you still do not address the manipulation of the market.