Bitcoin price decline from $20,000 peak is likely market manipulation

in #bitcoin7 years ago

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https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/

Bitcoin appears to be declining in value the past four months largely due to manipulative selling. The main source being Mt. Gox accounts held in a legal status and forced to sell Bitcoins to pay off judgments against the bankrupt company. Several times major sell walls were hit hard to drive the price lower, when only a fool would've sold at that time at such a steep loss. There's no proof, but the Department of Justice is now looking into the matter furthering credibility it could be the cause. There's no doubt negative media coverage contributed as well, along with advertising bans on major social media sites in early 2018.

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Given that the decline is likely market manipulation from players like those controlling the accounts at Mt. Gox, there's no reason the old high won't be reached again, and beyond later in the year as it blasts off to the moon.

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