BTC Manipulation?

Bit­coin is all over the place, one minute it is way up and the next it is way down and that seems a lit­tle strange.

But if you con­sid­er that the cryp­to mar­ket is still some­what sketchy in many places in the world then it is still like­ly that manip­u­la­tion is play­ing a role in the cost and the price of BTC every day.

This has been dis­cussed in many online forums as well as some large bro­ker­age firms. There are many issues with trad­ing in Cryp­tocur­ren­cy and one of the biggest is being per­formed by the so called “Bit­coin” Whales, (own­ers of large sums of bit­coin) Alleged­ly what they do is to use more than one exchange to play trades against each oth­er to do one of sev­er­al things. They want to push the price up high then cash in stock­piled bit­coin. It is a cycle that they repeat over and over again.

They force the price low­er, buy up a large amount of bit­coin then they push the price up high and sell.

This would not be legal in most of the world.

What it does is to deprive the aver­age per­son from trad­ing in a prof­itable man­ner.

Nor­mal­ly you could use var­i­ous tools to some­what accu­rate­ly pre­dict prices of course this is hit and miss as are most invest­ment strate­gies how­ev­er in nor­mal trad­ing sit­u­a­tions the aver­age or above aver­age trad­er can gen­er­ate a prof­it.

Since things are not nor­mal and it does not appear that they will be nor­mal any­time soon the aver­age trad­er is los­ing mon­ey and the exchanges are ben­e­fit­ing from that as well.

So, the Exchanges are see­ing this (alleged­ly) and they are not doing any­thing about it.

This could cre­ate some real prob­lems for the Cryp­to Cur­ren­cy mar­ket in the future as well as the present.

When you con­sid­er that exchanges are allow­ing bad behav­ior by big traders who are “bend­ing” the rules as well as out­right manip­u­lat­ing the price, rise and fall of BTC and oth­er Cryp­to prod­ucts then that will even­tu­al­ly force gov­ern­ments to address these issues.

When that hap­pens BTC will lose val­ue.

The big play­ers will not be sub­stan­tial­ly hurt because they are already wealthy it will be the aver­age guy and the hope­ful aver­age per­son that gets real­ly hurt.

Peo­ple are even now using cred­it cards to buy Cryp­to in the hopes that they can make mon­ey with it.

Run­ning up high cred­it card bills then los­ing mon­ey will result in default­ed pay­ments on high inter­est cards.

This will cause more action by more gov­ern­ments.

The longer that the exchanges allow this to con­tin­ue the more los­es will be gen­er­at­ed and exposed to high risk.

In real­i­ty this is greed.

Yes, one of the Seven Deadly Sins…

The Exchanges are get­ting rich from trades.

These big traders are get­ting rich from buy­ing sell­ing and manip­u­lat­ing the price of BTC.

While the aver­age per­son is get­ting tak­en to the clean­ers.

It would seem that the exchanges would have a “vest­ed” inter­est in clean­ing up their alleged­ly “dirty” deal­ings.

But as it goes with so many sit­u­a­tions these days until they are made to see the “light” they usu­al­ly do not make any changes.

Know­ing that this is going to hap­pen and like­ly soon­er rather than lat­er the idea of invest­ing in bit­coin for prof­it is not going to be a last­ing thing.

People should be made aware that the price of BTC could drop drastically overnight.

They could in fact lose all of their mon­ey in just one night.

Nat­u­ral­ly there will always be peo­ple inter­est­ed in tak­ing extreme risk in the hope­ful antic­i­pa­tion that they might get rich.

The real truth is that the time for get­ting rich on Bit­coin has real­ly all but passed into the his­to­ry books, (depend­ing on who writes them) now what we have are peo­ple who are tak­ing all the air out of the mar­ket­place for their own ben­e­fit and that is not a good sit­u­a­tion for any­one.

There are how­ev­er a few things that you can do if you are just OCD on this idea of mak­ing mon­ey with BTC.

One of them is to use a BOT, Basi­cal­ly a Robot that trades for you far faster than you can do so for your­self.

This is not finan­cial advice, if you are look­ing for good finan­cial advice hire a pro­fes­sion­al with a proven track record.

There are a lot of dif­fer­ent prod­ucts out there.

Some are bet­ter than oth­ers.

Many are expen­sive and are no bet­ter than any oth­er prod­uct out there that are not as expen­sive.

Because the mar­ket is not nor­mal these trad­ing tools or robots are not as effec­tive as they were in the past.

But you can still ben­e­fit from using one of these.

What you real­ly have to do is to set the robot up and just walk away.

I know that sounds crazy but that is real­ly about the only way to real­ly get out of the buy sell buy loop.

Unless you have nerves of steel it is bet­ter to just let the robot do its thing, it is slow but over time you will see a trick­le of prof­it.

What hap­pens to most peo­ple is that they get scared.

They let fear push them into sell­ing their posi­tions off because they think that the val­ue may go so low that they will lose too much mon­ey.

To be honest that is a possibility.

For many people it has become a reality.

To real­ly do this you have to say ok, I have X amount of mon­ey that if I lost it the only thing that would hap­pen is that I would have some last­ing regret.

That is the only way to look at it.

IF you need the mon­ey because it is part of your retire­ment pro­gram then do not invest it in bit­coin.

It real­ly does have to be dis­pos­able income.

Mon­ey that you could lose and not find your­self in a bad finan­cial sit­u­a­tion. Nev­er take mon­ey that you need for invest­ing it is the root of all down­falls.

Just remem­ber this is almost like walk­ing into a casi­no and hop­ing to win a mil­lion dol­lars.

Most of the time that is just not going to hap­pen…