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An anatomy of Bitcoin price manipulation

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Re: An anatomy of Bitcoin price manipulation

#21

Post by giansegato »

noja wrote: post #10
JohnJamesRambo wrote: post #8

They do it down too. It’s not a secret or illegal. Here’s a post mortem from the guy that did it. https://twitter.com/AlamedaTrabucco/status/14672197118301511... Ready for a move up again soon.

> It’s not [...] illegal Errr - what? I think you'll find that market manipulation is prohibited in the US under Section 9(a)(2) of the Securities Exchange Act of 1934, and in the EU under article 12 of the Market Abuse Regulation (etc.) The US Securities Exchange Act defines market manipulation as "transactions which create an artificial price or maintain an artificial price for a tradable security". See https://en.…

they're based in Hong Kong so i'm not sure why US / EU regulation should apply

Re: An anatomy of Bitcoin price manipulation

#22

Post by JohnJamesRambo »

noja wrote: post #10
JohnJamesRambo wrote: post #8

They do it down too. It’s not a secret or illegal. Here’s a post mortem from the guy that did it. https://twitter.com/AlamedaTrabucco/status/14672197118301511... Ready for a move up again soon.

> It’s not [...] illegal Errr - what? I think you'll find that market manipulation is prohibited in the US under Section 9(a)(2) of the Securities Exchange Act of 1934, and in the EU under article 12 of the Market Abuse Regulation (etc.) The US Securities Exchange Act defines market manipulation as "transactions which create an artificial price or maintain an artificial price for a tradable security". See https://en.…

It’s not a security, my friend. Crypto is the land of no rules and caveat emptor.

Re: An anatomy of Bitcoin price manipulation

#23

Post by hnmullany »

StrangeClone wrote: post #14

This is done in regular stock market too. Fake news, speculation, etc are frequent. Ex: “X giant is acquiring Y” claims with no data to back up. What’s different in case of crypto?

If it's significant enough, the SEC will knock on your door when this happens in the regular market

Re: An anatomy of Bitcoin price manipulation

#24

Post by teekert »

adrianN wrote: post #16
noja wrote: post #10

Earlier quoted context omitted.

> It’s not [...] illegal Errr - what? I think you'll find that market manipulation is prohibited in the US under Section 9(a)(2) of the Securities Exchange Act of 1934, and in the EU under article 12 of the Market Abuse Regulation (etc.) The US Securities Exchange Act defines market manipulation as "transactions which create an artificial price or maintain an artificial price for a tradable security". See https://en.…

Is Bitcoin already classified as a tradable security or is it still Monopoly money?

People assign value to monopoly money now?

Edit: I get that many people here are ant-cryptocurrencies, but I think it is rather childish to call it monopoly money.

Re: An anatomy of Bitcoin price manipulation

#25

Post by adrianN »

teekert wrote: post #24
adrianN wrote: post #16

Earlier quoted context omitted.

Is Bitcoin already classified as a tradable security or is it still Monopoly money?

People assign value to monopoly money now? Edit: I get that many people here are ant-cryptocurrencies, but I think it is rather childish to call it monopoly money.

Yeah, a replacement set costs about three Euros on Amazon.

Re: An anatomy of Bitcoin price manipulation

#28

Post by paulpauper »

JohnJamesRambo wrote: post #8

They do it down too. It’s not a secret or illegal. Here’s a post mortem from the guy that did it. https://twitter.com/AlamedaTrabucco/status/14672197118301511... Ready for a move up again soon.

"Ready for a move up again soon."

does not look like it

Re: An anatomy of Bitcoin price manipulation

#29

Post by ahtihn »

mwattsun wrote: post #19
Hokusai wrote: post #6

Earlier quoted context omitted.

How is Elon Musk a relevant opinion on this matter? Even worse, he is well known for astroturfing his own assets.

He knows more than I do, is surrounded by people smarter than I am and has a track record of success and overcoming failures. If I thought I shouldn't listen to Elon Musk because I thought I knew better, then I think my chances of understanding anything about this would be greatly diminished.

> He knows more than I do

What do you base this on? I mean, how are you assessing his level of knowledge in this domain?

Re: An anatomy of Bitcoin price manipulation

#30

Post by danaris »

mcbishop wrote: post #11
Hokusai wrote: post #6

Earlier quoted context omitted.

How is Elon Musk a relevant opinion on this matter? Even worse, he is well known for astroturfing his own assets.

Elon Musk in the exchange above: > I think I have a pretty deep understanding of what money actually is on a practical day-to-day basis, because of PayPal. His comments in the exchange seem insightful to me. I assume you didn't bother reading them.

...because Musk bought PayPal, he can speak authoritatively on Bitcoin?
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