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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A forensic study on bitcoin’s 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to “one large player,” although the market manipulator remains unidentified.

A forensic study on bitcoin's 2017 boom has found that nearly the entire rise of the digital currency at the time is attributable to "one large player," although the market manipulator remains unidentified.

Griffin and Shams were able to follow the clusters of data to a source: "One large account at Bitfinex." The digital currency exchange Bitfinex is one of the largest in the world. The study found that, through Bitfinex, the single player was able to manipulate demand for bitcoin via "extreme" flows of tethers. The Wall Street Journal firstThe manipulation occurred as bitcoin rose to an all-time high of nearly $20,000 in late 2017, the study found.

Cowen said Griffin and Shams' study will likely add even more scrutiny of bitcoin and cryptocurrency at large, especially from regulators and lawmakers.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Mi_AWatkins Yeah…… No....

Recycle Article is from November 4th. Wasn't that back around early November? Like right after November 3rd?

bitfinex !!!

That was me. Sorry.

You keep posting this yet never ask any of your guests that pump bitcoin about it. How about practicing real fair journalism CNBC

PeterSchiff was right

I'll wait for Amazon's Crypto

LOL, guess who?...first name george last name soros...

Glad it’s decentralized though...

FAKE NEWS!!!!! RUSSIA RUSSIA RUSSSIAAA!! IMO

Sounds like a fundamentally sound investment. Perfect for millenials

Trump?

marcjlewi ej_lamm MattyMuks skelton_pete was the 1 guy helmetheadZa !!!!

One player? That will take a lot of convincing.

Great with facts per usual

China

russian_market Lol as if traditional markets are not subject to manipulation..

I'm waiting for him to hit again this market...

Bring back the mystery player! Thanks

APompliano uh oh. All in?

CC: SoftBank CFO & Auditors

Printing fiat money and injecting it into a system is the real manipulation.

It’s BK from Fast Money

🤣

During the 2017 boom, I overheard people talking about bitcoin all the time in restaurants and cafes in NYC. It certainly wasn't 'one person' that caused the rise.

Who’s mans is this “One Person” 🤔

Two problems with the study. 1) correlation is not causation. The whale may have just been the leading edge of increased demand. and 2) If there had not been increasing btc interest the whale would have lost since there would not have been buyers. Smart whale, dumb plankton.

Bruh...you guys have retweeted this like 10 times in the last few months.....you're beating a dead horse...i thinks it's dead now

It would have to be North Korea

Nonsense. Custodial wallet ≠ one trader

TonyVal76476318 the real manipulation is printing paper fiat & injecting into a corrupt system wheezing on its last legs. Let it go already, stop being their mouthpiece and do some real investigative journalism for once

still clearly going to be major currency factor in decades ahead.

Soooo... in other words...John McAfee will likely eat his own dick... his words, not mine Crypto cryptocurrency bitcoin blockchain investing investments $BTC

Must be something big coming this week — your bank sponsors have paid you for two bitcoin hit pieces already today.

TonyVal76476318 So if that's the case. The next Bullrun should be caused when XRPs true Utility kicks in and it takes over it's TRUE spot at 1 0Doubt

Yea, right! 🙄

ThillAaron this is kind of interesting

BarbarianCap So is it a new manipulator this time... or all the other rallys

hedgeclip save bitcoin

Modern-day bank robbers don't carry guns, they trade Bitcoin

Classic pump n dump

Umm. Let me guess. The current monetary system is NOT manipulated, right?

valuewalk Everyone who says this is debunked post proof. Oh wait

You are just now figuring this out Pathetic.

And stock market isn't manipulated. 😂😂😂😂😂😂😂😂😂

Yet, why did it go up so much on an exchange like coinbase that doesn’t accept tether?

TonyVal76476318

Shocking. Fake money with unidentified main investors... What could go wrong You're all suckers falling for this Chinese or Russian or Nigerian prince 'free money' digital scam.

TonyVal76476318 And the point of this was?

and it is still , the SEC should investigate exchanges.

So what? Most of the rise of the S&P is due to one large player .. the fed.

Rubished already!

Really? Again with this Nov 2019 FUD fairy tale bitcoin

This has already been debunked

'one large player' what does that even mean? that could be an individual, a company, or a group of people

Who cares? If he's still in the market he made Bitcoin cheaper for everyone. If he's out of the market, he's irrelevant.

It's not me!

Riiiight, one person used 150 billion to take the price from 2k to 20k

That’s known as a “composite operator,” a term coined by Richard Wycoff.

Well. Same goes with S&P.

it was the North Koreans

Digital currency markets are the most manipulated financial markets in the world.... anyone say Rollercoaster?

This article was posted weeks ago. Why is CNBC trying to Manipulate Bitcoin now? bitcoin cbnc

The more you throw muck, more the lotus blooms! End of fiat money and banking cartels is near CNBC. You can inform your banker fraudsters that!

I have it from my sources in the FBI, SEC and the White House that it was Santa himself 😎

In other words- A SCAM

Would like to see some analysis of BC that shows in which countries that these trades are happening in. May shed some light on the illegal activities and their funding (arms trade, drug trade, human trade, political favors, etc.)

It was satoshi

Weird. Every metric I’ve ever looked at suggests the 2017 run was based on “mass” retail participation. Look at Google search metrics for Bitcoin. That wasn’t one party.

NSA

Gives new meaning to the phrase: 'Monopoly Money'.

Could it be the person who created bitcoin in the first place and received most of the money being scammed out of people?

Chamath Palihapitiya

all mine 2 year olds all mine

Anonymous player, not even you who have written the news believe it deceive the common people but there are some and many who are already opening to reality and we know how through the Media the markets are manipulated, negative news lower the price then the big ones buy at a pr

Starts with R 🇷🇺

Thanks whoever it was 👍👍

The banks, they said

The us government

Cryptocurrencies are hyper-private currencies which is like private banking on crack. Is the wrong way and people involved more evil than the bankers. I'd tell you about public Banking (community not individuals get rich), but the entire economic world order needs to end.

blablabla.. spam.

this is BS it wasnt from one large player and i have facts to back that up.

Bitcoin BTC is a manipulative pump and dump Chinese controlled shitcoin. It is as slow as mud, energy consumed and expensive so it is useless and never be a storage of value.

Bitcoin is a giant pump and dump ponzi scheme. Avoid!

when is he doing it again? don't miss it

Exactly Tether USDT has been created to pump Bitcoin. Take them down so crypto can progress.

FFS just buy tulips!

Bitcoin is rubbish.

XRP is the best digital asset. It’s clean, under-penny cheap and 3-second fast for payment and with many usecases. XRPtheStandard

Sounds like a classic pump and dump scheme.?

The new capitalism in action! Awesome

SustainRetain StrikerBee Stierbeker

Satoshi is back and he dsnt care about fiat system, no one is manipulating like governements doing, stop trying to get people scared, you will learn one day. Bitcoin is against governements banks system litecoin_bull CryptoVanessa cryptosommelier jackshaapy1337 Coin_Shark

how many 'study' claim to 'discover' the secret about 2017 bitcoin boom ? stop lie , stop fake study , stop fake news , and stop trying to manipulate the market , you 're the only manipulator here

it was more than one whale that coordinated it. the fianl payday for the whales. their swansong. one big scam that burned a shit ton of people and they arent getting back in regardless. now you are watching the bleedout.

This will age well.

JoeSquawk please help these people...

Won't be surprised if it was Florida man once again

No it wasn't, instead the study was equal in quality to your piece of 'journalism'

PAEOAM Dayum Busted ...

$$ Crypto currencies destroy economies and banks monetary values $$

tysontrades georgetheunrekt fud time is pump time 👀

Bullshit

Anyone who bought bitcoin deserves to lose money.

It's not too late... The Mid-November edition of our newsletter comes out this weekend. Why not give it a go... & send a request for a free trial edition. That's right.. FREE trial edition!!! trading newsletter investing

You mean the huge backlog of retail investors waiting to create accounts on exchanges worldwide was orchestrated by 1 person? ¯\\_(ツ)_/¯

CORPORATE PORN CLOUDS HOMIES . I suppose is . Porn takedown reduces Bitcoin usage ..bursts bubbles . Unless Bitcoin Gold investors stay stable . Dark & Deep Web Currency .

samswey The funny thing: crypto is supposed to have public ledgers and everything should be traceable?

Zuckerberg

BOUGHTXRP today !!!

Guess Bitcoin really was all a hoax and is now finished. 😔

Flash in the pan

antoineppedd

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US officials repeatedly tout positive progress on China trade and the market still listensThe stock market has moved on virtually every U.S.-China trade headline for nearly two years. Hi There Are you looking for amazing offer now Contact Me: What a pain in the neck story. All year long listening this crap. Who cares this fakefuckingnews I'd bet money Trump and Kudlow have a broker in a room who they tip off to buy and sell stocks and options in advance of one of their fake announcements. Trump and his people have been saying the same thing for 2 years and still ... no deal. Why does market still stupidly listen?
La source: CNBC - 🏆 12. / 72 Lire la suite »