NEW PROOF IN 2018
To understand how TEAM EVIL thinks, I copied this excerpt from a news publication from a South African publication whose writers seem to be top notch.
Darryn Pollock's article from the Cointelegraph
Another trader who for a while now has been calling market manipulation a cause of Bitcoin’s fluctuations has been vindicated by this investigation. Ronnie Moas, a stock picker who has turned his attentions towards cryptocurrencies as well, believes the Bitcoin price is being manipulated.
“I always mention manipulation, and regulation. When we broke below $9,000, $8,000 and $7,000, I said the price was being manipulated. The government is starting to crack down on this right now.”
Moas goes on to explain how easy it is to manipulate the Bitcoin market, as long as a person, or group, has large sums of money:
“If you have $2 billion, you want a diversified portfolio, and for me diversified is a $200,000 position, but there can be a position that is $200 million, because you want 10 percent of your money in Bitcoin. But you don't want to pay $20,000 for a Bitcoin, so what you do -- and you can call it a Whale, a cartel, a shark, a consortium, a trading group -- you dump $20, $30, $40 million dollars on the market and create selling pressure.
People see those orders on the books, and they jump in front of them, because they are afraid you are going to move and shake the market down and this feeds off itself.”
“The technical analysts then kick in with their sell signals, and there is panic and capitulation, and when the market capitulates, those people quietly come back in and buy five to ten times what they dumped for pennies on the dollar.”