Bitcoin is only manipulated when it goes up right?steemCreated with Sketch.

in bitcoin •  5 years ago 

That seems to be the stance taken by regulators.

I mean seriously, I think it is harder to push prices up then it is to drive prices down.

The short and distort scheme has been going on for decades.

(Source: https://youtube.com )

Pump and dumps are what get talked about the most in the media, but short and distort is just as prevalent.

It seems regulators are more concerned with killing pump and dumps then they are cleaning up short and distorts.

We see that with penny stocks all the time.

Heaven forbid a company mislead in a PR.

Yet the hedge funds that pile in with short positions and spread lies don't even get a slap on the wrist.

I feel the same is happening with crypto.

It will be a scary day when short selling of altcoins is made wide spread.

I hope that day never comes.

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What about when it goes down?