Big Crypto Being Manipulated: Here’s What You Need to Know
by IamSatoshi | Nov 6, 2017 | bitcoin, blockchain and Bitcoin, Cryptocurrency Investing, News
The Best Kept Secret in Crypto.
The herd is charging into crypto and the big banks are now backing their own “crypto-coins.” These new coins will be a direct threat to Bitcoin and Ethereum. We’ll show you how to protect yourself and profit from this major shift in the crypto space.
1. How banks are creating their own cryptos that are a direct threat to Bitcoin and Ethereum.
2. Why these new coins will soon be used by millions of people… whether they know it or not.
3. How investors who get in early on these new cryptos could see massive gains!
If you’ve been following the news on cryptocurrency, you’re aware of the major banks’ involvement in blockchain technology. You’re also aware of the accusation that these big banks are manipulating the market for their own sake. In this article, we’ll go over what you need to know about cryptocurrencies being manipulated by major banks.
In late 2017, we saw a historic rise in the price of Bitcoin. The price rose from $6,000 to $20,000 within a few months. At the same time, JP Morgan was building its own blockchain network called Quorum. They also launched their own cryptocurrency called JPM Coin which is used to speed up payments between clients, and it’s backed by US dollars.
Blockchain technology isn’t just useful for cryptocurrencies like Bitcoin. It can be used in other ways and isn’t limited to financial institutions. Many countries are now experimenting with blockchain technology as a way to increase transparency in government elections and records management. But most people don’t understand how blockchain works because they haven’t taken the time do so! One popular misconception is that all transactions on blockchains are anonymous; this isn’t true! (While there’s some debate over whether or not transaction anonymity provides better privacy protection than pseudonymity does.)
A good analogy for understanding what
The Bitcoin and cryptocurrency world is a roller coaster ride. If you haven’t already, you should consider reading my article on the recent Bitcoin dip in price to learn more about what happened recently and why I’m still bullish on Bitcoin.
One of the most interesting things about the crypto market is that it’s being manipulated by big banks. In this blog post, I’ll explain more and give you the information you need to know.
Before we begin, I’m going to make this clear:
The crypto market is being manipulated by big banks.
I have no doubt in my mind that banks are manipulating the crypto market with fake buy orders and fake news. They’ve done it before with other assets and they’re doing it now with Bitcoin and cryptocurrencies.
Here’s what you need to know:
This is a big deal.
JP Morgan is the biggest bank in the United States and one of the most powerful financial institutions in the world. Therefore, it is easy to see how this move could cause many people to change their thinking about crypto currencies.
In addition to this obvious point, there are several other ways that JP Morgan has influenced the crypto currency market in recent months.
For example, they began trading bitcoin futures contracts on the Chicago Board Options Exchange. They also made several other moves designed to help them control the market for these digital assets.
Now that they have been officially named as one of the largest holders of crypto currency in the world, we can expect more changes to come from this powerful bank.
Let’s take a look at some of these changes and what they may mean for all investors.
First, JP Morgan announced that it was adding three more customers to its “blockchain consortium.” This group includes such companies as Circle, Coinbase, and Ripple Labs. These firms are part of a larger effort by JP Morgan to create a “blockchain ecosystem” around its own platform.
Bitcoin is a peer-to-peer currency created in 2009. The first Bitcoin exchange rate was 1 BTC to 0.008 USD, which means that one bitcoin was worth about a tenth of a cent at the time. It has since gone up to about $1,000 per bitcoin and is continuing to increase in value with each passing day. There are more than 5 million people using Bitcoin today and this number is increasing rapidly. Bitcoin has become so popular that there are now over 500 places where you can buy and sell it, including many in the United States and Canada.
Bitcoin has gained popularity because it allows people to buy things without having to go through banks or governments. This has led some people to believe that Bitcoin could be used as a way of avoiding taxes, but there is no evidence that this is true. The fact that Bitcoin can be used without going through banks or governments means that it is not subject to the same regulations as traditional currencies such as dollars and euros, which makes them less susceptible to counterfeiting and fraud.
The fact that Bitcoin does not have any intrinsic value means that there will always be some risk involved when investing in it. If you invest in Bitcoin then you need to know what your investment strategy is before you start buying or selling any Bitcoins
Bitcoin was designed to be a currency that everyone could use without interference, unnecessary friction, or problems. As a service that many find convenient and useful, PayPal would seem like a good fit for bitcoin, too. But the reality is that there’s a high price to pay for using the service.
At the moment, it’s hard to use bitcoin in everyday life. Most merchants that accept bitcoin as payment do so through third-party payments processors such as BitPay or Coinbase. These companies convert the coins into fiat currencies and deposit the funds directly into merchants’ bank accounts daily. The problem with these services is that they charge high fees — as much as 6% — for every transaction, which makes small purchases of coffee or groceries difficult.
In addition to high fees, bitcoin users need to worry about having their transactions flagged and their accounts frozen by payment processors or their banks. Many payment processors have shut down customer accounts because they were used to process bitcoin transactions, even if those customers weren’t engaged in any illegal activity. In other cases, banks have closed customer accounts because those customers were depositing bitcoins into them.
As a result of these problems, few bitcoin users use the currency for everyday transactions. Surveys show that many people still view bitcoin more as an asset than
The Dow Jones Industrial Average (DJIA) is one of the oldest American stock market indexes and was created in 1896 by Charles Dow, co-founder of The Wall Street Journal.
The index is price-weighted, meaning that more expensive companies have more influence over average prices than less expensive ones.
Using a price-weighted index can lead to problems when companies split their shares. For example, if a company splits its shares 10 for 1, the volume will be greatly increased but the nominal value of shares will be greatly reduced. This will skew the results of the index.
To avoid this issue, some analysts prefer to use a value-weighted index that takes into account both share prices and number of outstanding shares. This type of index is called a market capitalization-weighted index.
The DJIA has been criticized for being simplistic and not reflecting the overall market because it only contains 30 stocks and is price rather than value weighted.
In spite of these criticisms, many analysts still look at the DJIA as an indicator of overall market performance due to its long history.