Friday, December 22, 2017

? Why Bitcoin Price Is Dropping Sharply~Coinbase and Gdax Manipulate the Price of Bitcoin

from 19, december, 2017, bitcoin price was/is sharply dropping to 12,000 USD, many people want to know why, including me.
because bitcoin is the king of digital currencies, when bitcoin price is dropping so sharply, almost all the other digital currencies are dropping at the same time.

I read some answers about it, in this article, I am trying to give some answers about why bitcoin price is dropping so significantly.

simply speaking, because coinbase, one of the biggest digital currencies marketplaces, is working together with another US based digital asset exchange Gdax to manipulate the price of bitcoin.

1. do you remember bitcoin cash(bcc)? On August 1, a hard fork of the Bitcoin blockchain created Bitcoin Cash. A fork is the split of a blockchain into two blockchains, in this case, the original Bitcoin and the new Bitcoin Cash. via this link

2. but until december 19, Bitcoin Cash support has been added to Coinbase. you have to wait until January 1, 2018 when you can withdraw your bitcoin cash at coinbase.

3. after coinbase begins to support bitcoin cash, Coinbase and Gdax have been pegging the price of Bitcoin to Bitcoin Cash at a rate of 0.2 BTC.
that is to say, One of the largest exchanges in the world is currently manipulating the market, by pegging Bitcoin’s value to another currency and, therefore, preventing the two markets from resuming their natural growth.
via Nele Maria Palipea's answer at Qora

what should we do?
Nele Maria Palipea calls everyone with a conscience would boycott Bitcoin Cash and Coinbase now.

bitcoin, bitcoin cash, coinbase, btc and bcc



1. 你记得比特币现金(bcc)吗? 8月1日,比特币区块链的硬分叉创造了Bitcoin Cash。


3.在coinbase开始支持比特币现金后,Coinbase和Gdax一直以0.2 BTC的比率将比特币的价格与Bitcoin Cash挂钩。

Nele Maria Palipea呼吁每个人都来抵制Bitcoin Cash和Coinbase。


No comments:

Post a Comment