BTC cheaters?

Are there real­ly peo­ple that are active­ly engaged in manip­u­lat­ing the Cryp­to Cur­ren­cy Maket­place?

In a word, YES!

Cryp­to Buy­ers are start­ing to feel a bit over­whelmed. 

The price fluc­tu­a­tions are a seri­ous prob­lem for many that are inter­est­ed in bit­coin but are not sure if they want to chance the mar­ket­place. 

That is a wise deci­sion and one that for many rea­sons could save you a lot of time and mon­ey. 

One of the biggest prob­lems right now is Options. 

Options are sold by large com­pa­nies that basi­cal­ly allows par­tic­i­pants to “Bet” on the out­come of the price of Bit­coin or many oth­er things as well. 

In the Stock mar­ket world there are rules in place that are gov­erned by var­i­ous agen­cies that inves­ti­gate prob­lems. 

You would think that after over 100 years of this kind of issue peo­ple would know bet­ter than to try to “Fix” the mar­ket so that their bet turns out as a sure thing. 

There are a lot of peo­ple that are in prison right now for doing or we should say try­ing to do this very thing. 

In the Bit­coin world, BTC for short, some peo­ple feel that they can do any­thing they want to do and it will not mat­ter. 

So, right now the only peo­ple real­ly mak­ing any­thing trad­ing BTC or Bit­coin are these rule break­ers. 

What they do is to manip­u­late the mar­ket using sev­er­al accounts, they buy and sell at cer­tain price points. 

Both on the sales side and on the buy­er side. 

They do this at the same time. 

So, cur­rent­ly the price is being man­u­fac­tured. 

It is being held down to below 59,500.00

Now this is very unfair to the entire mar­ket­place and it is even more unfair to com­pa­nies that are pro­duc­ing soft­ware prod­ucts to help peo­ple trade bet­ter. 

When the aver­age or even above aver­age trad­er can­not prof­it because the mar­ket is being manip­u­lat­ed to stay low­er than it should be then no one can make any mon­ey. 

They want the price to stay around a cer­tain price point. 

They do not want it to go too low and they do not want it to go too high. 

So, unless you were lucky enough to have trad­ed when the price was NOT being deter­mined by wealthy indi­vid­u­als with an agen­da then you are prob­a­bly look­ing at Bit­coin and oth­er Cryp­to cur­ren­cy and think­ing you know this does not look like some­thing that I would be inter­est­ed in. 

That would be some­thing to con­sid­er, (this is not finan­cial advice) always con­sult with a pro­fes­sion­al before engag­ing in any kind of invest­ment. 

In many ways I do not blame peo­ple for back­ing away from BTC or Bit­coin or any oth­er dig­i­tal cur­ren­cy. 

As an exam­ple, today if the price goes one inch over the 58,000.00 mark some accounts come and dump a lot of BTC on the mar­ket in order (alleged­ly) to force or push the price down low­er. 

You can see this eas­i­ly the price has been “kept” at between 58,300 and 57,700  only occa­sion­al­ly going high­er or low­er.   

When this kind of thing hap­pens it is a real prob­lem for every­one. 

Sure the exchanges make mon­ey and the big play­ers make mon­ey but every­one else is dig­i­tal­ly stran­gled by these “play­ers”  so what can the aver­age per­son do?

Noth­ing. 

The truth is that when this kind of thing is allowed to go on there are no win­ners in the real world. 

(this is not finan­cial advice) 

In many ways it might be bet­ter to see what hap­pens next because the more this hap­pens the more that prices will keep going down until peo­ple are no longer inter­est­ed in the mar­ket. 

Now, that might seem a lit­tle odd to the trad­er but a large part of what has made Bit­coin so valu­able is the inter­est from the aver­age per­son. 

IF this con­tin­ues the aver­age per­son is going to lose inter­est. 

So, back in the real world many peo­ple are begin­ning to ask the ques­tion When will the exchanges take some action because they have to know this is hap­pen­ing. 

There is no way they do not know this is going on because on one of the largest exchanges it is hap­pen­ing and rumors say that they are going for a direct list­ing soon. 

Per­haps even this month. 

But will that affect this (poor mans IPO?)   

Who knows, one thing is clear if they expect to do well on this direct list­ing they are going to have to “clean up” a lot of what is wrong and a lot more of what is being allowed to hap­pen. 

Who knows what the future holds but one thing seems clear if it keeps going the way it has been going the last three months, well the mar­ket is not going to sup­port Bit­coin. 

Not only might it crash but it could become worth­less. 

I hope that does not hap­pen but it seem clear that some­thing is very wrong in the BTC world…