A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows

johnarb said:
You will love my other thread, Pekelo :D
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I already did (and made a succinct point there) . I screwed up the math in your quote (corrected in my post), it needs to be multiplied by 12.5. So about 3/4 million dollars worth of dilution is added per hour to the best thing since the dinosaurus.
 
Let's get back on topic. Assuming the article is true, how come this manipulation hasn't been repeated in the last 2 years or didn't happen much earlier?

I think manipulation contributed to the price surge but it was pure human greed that pushed the price up to 20K. I didn't know about manipulation, yet I correctly predicted the top in a given timeframe and the size of the drop too. That was based on experience with market madness and prices going vertical without knowing about this whale.

I think it is more the tether connection that anything else what contributed the most to the run up.
 
RedDuke said:
It is actually a huge problem. Unlike crypto there are very clear rules what Fed can and can not do.
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Rules that change and were completely ignored during the 2008 crisis and emergency dikewall ops.
BTC has pre-set algorithmic rules that cannot be changed, unlike the FED which can change the playbook anytime it wants.
 
misterkel said:
Rules that change and were completely ignored during the 2008 crisis and emergency dikewall ops.
BTC has pre-set algorithmic rules that cannot be changed, unlike the FED which can change the playbook anytime it wants.
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Hm, you mean rules like allowing USDT to be created our of nowhere and used to keep BTC afloat????
 
'congrats' to the manipulator who sold it at $20k.
In real world, only smart people earn $$$.

No pity, no sympathy to those greedy, gullible, un-smart investors who bought it at $20k.
 
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