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Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Speaking of Bitcoin price manipulation, investors may have heard of it, but many investors do not have a deep understanding of it. As we all know, when speculating in coins, the dealers are using people's greed or fear to manipulate the market. Bitcoin price manipulation is the process of dealers raising the price of Bitcoin. Of course, retail investors can also manipulate the price. Although in theory the price of Bitcoin is determined by the market, Bitcoin is still seriously affected by human factors. Some investors want to know what the principle of Bitcoin price manipulation is? Let the editor of the currency circle introduce the principle of Bitcoin price manipulation to you.

 What is the principle of Bitcoin price manipulation?

Price manipulation is to raise the price of Bitcoin. The price manipulation can be done by retail investors or big dealers. In theory, the price of Bitcoin is determined by the market, but human factors also play a very important role.

Bitcoin price manipulation requires funds. If the dealer wants to manipulate the price, the most common method is to suppress the price with large orders, accept chips in batches at low levels, and wait for the market to eat its own large sell orders. Once the orders are withdrawn, the price of the currency will go up, and it may even cost hundreds of millions.

Simply put, the pull is a process in which the main force of heavy investment in a project, after a period of sideways accumulation, begins to collect goods from the market frantically, causing the market to rise rapidly.

For example, you use 4 ID cards to open 4 trading accounts, buy 7 million eos at 4 yuan, and put it into account No. 1. Then put a sell order of 1 million at 12 yuan, and then use account No. 2 to release a buy order of 12 yuan at one time, and then use accounts No. 3 and No. 4 to make buy orders at prices of 15, 20, etc.

By selling and buying by yourself, the price of eos was pulled from 4 yuan to 20 yuan, and the trading volume was huge, giving people a feeling of solid and surging buying, so others will follow up. Of course, in this process, you also have to take in some assets from other people, which will be counted as the cost of trading, and the cost depends on your level of timing and reaction. Generally, currencies with small market value and low trading volume are prone to pull. After many repeated operations, a huge price gap is created, which is often followed by a sharp drop. After the pull, the market is smashed, that is, a large amount of shipments are shipped to achieve arbitrage.

 Introduction to Bitcoin pull time

1. 6 o'clock-8 o'clock. BTC closes the daily line at 8 o'clock in the morning. The dealers and technical school with K-line obsession often choose this time period. For example: the big drop on March 12 and May 10.

2. 18:00-20:00. 8 o'clock in the evening is the time when the 4/6/12 hours close at the same time. At the same time, 6 o'clock to 8 o'clock in the evening is the free time of most traders. The dealer pulls the market during this time period to maximize the use of the follow-up market to reduce the pressure of pulling the market. For example: the rise on April 23.

3. 24 o'clock. This is a relatively important time point for domestic traders in China. Most of them are used to using APP to view the market. Huobi's daily line convergence time is exactly 24 o'clock. Considering that 24 o'clock is also the convergence time of the 4-hour line, this time will also be accompanied by some dealers pulling the market, but the probability is lower than 1 and 2.

The content above is the specific explanation of the editor of the currency circle on the principle of Bitcoin pulling the market. In fact, Bitcoin pulling the market is a situation that most investors do not want to encounter, but because it is difficult for everyone to grasp the changes in Bitcoin prices, pulling the market is inevitable. In the process of investing in digital currencies, everyone must have a good grasp of the market in the currency circle, and we should also have some mastery of some more professional terms. Everyone must change their investment strategies in a timely manner according to changes in the market. Even if we encounter a decline in Bitcoin, we should not be too anxious. We must learn to analyze the reasons and whether it will rise again before deciding whether to sell.