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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
 
I don't really get it so this man manipulated the market to think that bitcoin price will go up and with that he made really the bitcoin price rise in the market ?
 
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.
People who can manipulate the price of Bitcoin are those who are wealthy and has made huge amount of money from it so they may hardly loose now regardless the coin market situation.
 
Well, not only the whales who are able to do it, it may also be caused by miners or even influencers with huge following, imagine if some influencer with 1 million followers thrashing bitcoin and those 1 million followers of his decided to ditch bitcoin.
 
Fake or just manipulation, the fact is just happenned and the market responded quickly. But now on downtrend and might get below 10 k until end of year i guess...
 
Whether price manipulation or bubbling of Bitcoin in the year 2017 , people made money from it , if it reoccur people will still make money from it. People will make both real and fake news about bitcoin.
 

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