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&_tf=From%20%251%24s&share=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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