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❕NEWS Bitcoin's 2017 All Time High Price was Fake

microunit

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Bitcoin's all time high last December 2017 which was $20,000 was fake and was just cause by price manipulation says crypto analyst, the analyst says he reference it from a former charges against famous Mt.Gox CEO Mark Karpeles. The analyst said that data tampering was the caused. Analyst also followed up with a prediction that bitcoin price will rise to $1 million in 2027, this is when he thoroughly analyze the data and did the math with the increasing number of users and claiming that it is possible with the given figures
 

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Well, fake or not, the spike did propels bitcoin to a new height and make more people adopt it, and also make several people flash new millionaires.
 

microunit

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Well, fake or not, the spike did propels bitcoin to a new height and make more people adopt it, and also make several people flash new millionaires.
Well i could agree to that . The spike did made bitcoin be known to more people, and now bitcoin's userbase keeps on increasing as most investors are still awaiting yet again for that "spike"
 

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Yeah this is true . The increase in price was felt only for some days or hours, then it suddenly dropped after that spike. This in turn created a lot of crypto investors .
 

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Yeah this is true . The increase in price was felt only for some days or hours, then it suddenly dropped after that spike. This in turn created a lot of crypto investors .
yeah, the price spike was only for a moment, and attracted lots of investors that invested at the same time in bitcoin, but it quickly plumetted down also, disappointing alot of bitcoin investors hence bitcoin gaining lots of negative reviews at that time
 

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People will surely have different opinions about the 2017 price hike but I don't belief it was due to data tampering, blockchain can't be edited , or does it mean the data will still be tampered for the 2027 price hike as predicted?.
 

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People will surely have different opinions about the 2017 price hike but I don't belief it was due to data tampering, blockchain can't be edited , or does it mean the data will still be tampered for the 2027 price hike as predicted?.

Nah, it's just that the trend was new in 2017 so naturally people just went with the flow. Those that became super rich or just wanted to realize their profits quickly sold and that's how the crash happened.
 

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Nah, it's just that the trend was new in 2017 so naturally people just went with the flow. Those that became super rich or just wanted to realize their profits quickly sold and that's how the crash happened.
I agree with you that excessive supply of bitcoin due to the price hike in the year 2017 crashed the price and afterwards the interest was reduced making it difficult for bitcoin rise back .
 

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This could truly be the reason for the crash because if I could recall very well the price crashed arround December which was a festival period and lots of people wanted to sell off the coin since they made huge profit earlier so as to have more money to spend for the Xmas and New year.
 

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$1 million in 2027!! 😓 I think the price is a bit too high for the outcome. The increasing demand of bitcoin can increase the price not only the increase in price. As bitcoin changes with the demand and supply in market.
 

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$1 million in 2027!! 😓 I think the price is a bit too high for the outcome. The increasing demand of bitcoin can increase the price not only the increase in price. As bitcoin changes with the demand and supply in market.
I am of the opinion that if the price could increase to as high as $1 million in the next 7 years very likely it may collapse because it may not be affordable to most of the subscribers.
 

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I am of the opinion that if the price could increase to as high as $1 million in the next 7 years very likely it may collapse because it may not be affordable to most of the subscribers.
Most of the subscribers can pay for any amount of bitcoin they want, when the price reaches $20000 the people who bought it at a lower amount would want to sell it and make profit and also anticipating decrease by the users not investing will make it fall.
 

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Most of the subscribers can pay for any amount of bitcoin they want, when the price reaches $20000 the people who bought it at a lower amount would want to sell it and make profit and also anticipating decrease by the users not investing will make it fall.
Sure that is just it because there might be fear that at $20000 it could fall back rapidly just like 2017 so the $20,000 mark of bitcoin may not last long before it crash except it jump to $21000 as soon as it hit $20k.
 

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Lolz, fake? We are waiting for this kind of thing to happen again, many benefited from it, i was not part of the lucky ones then.
I doubt many benefited from it as the unexpected rise duration wasn't even that long, and as said in the thread that it is faked , it might be also gotten manipulated by whales or big companies that hold large sums of bitcoin or money
 

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I doubt many benefited from it as the unexpected rise duration wasn't even that long, and as said in the thread that it is faked , it might be also gotten manipulated by whales or big companies that hold large sums of bitcoin or money
I think bitcoin cannot be manipulated by whales because its not controlled by anyone,maybe the price was manipulated by large btc holders so they could sell off their btc at a larger amount of cash , because the price of bitcoin is only controlled by the rate of demand and supply.
 

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I think bitcoin cannot be manipulated by whales because its not controlled by anyone,maybe the price was manipulated by large btc holders so they could sell off their btc at a larger amount of cash , because the price of bitcoin is only controlled by the rate of demand and supply.
It can be actually, especially when you have large sums of it, what do you think will happen if you sell tons of bitcoin in a short time? the price will plumet at that rate because there is a surge of supply in the market, likewise in buying, it can be controlled by anyone to an extent provided they have ample resources, this is same for all business with supply and demand
 

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It can be actually, especially when you have large sums of it, what do you think will happen if you sell tons of bitcoin in a short time? the price will plumet at that rate because there is a surge of supply in the market, likewise in buying, it can be controlled by anyone to an extent provided they have ample resources, this is same for all business with supply and demand
I think it would be very difficult for someone to easily control the price,the person needs to have millions of btc in stock to be able to do so , because as am typing now millions of people are purchasing or investing in btc .That's why its going to be very difficult for someone to easily control the price
 

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I think it would be very difficult for someone to easily control the price,the person needs to have millions of btc in stock to be able to do so , because as am typing now millions of people are purchasing or investing in btc .That's why its going to be very difficult for someone to easily control the price
it would be difficult to us normal people, though it is easy for those rich ones, they can even band up and coordinate a sell or buy move on a specific time to pump btc price or make it plumet to their accordance
 

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it would be difficult to us normal people, though it is easy for those rich ones, they can even band up and coordinate a sell or buy move on a specific time to pump btc price or make it plumet to their accordance

Well, while it's true that common folks have little power to control or manipulate bitcoinm price, we can still try like coordinating with a lot of facebook users to buy or sell a small amount of btc at a predetermined time.
 
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