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1726042 No.1726042 [Reply] [Original]

Are there any laws against manipulating the price of Bitcoin to my own advantage if I have the capability to do so?

>> No.1726050

governments enforce laws.

ever thought what bitcoin is exactly to the "government" in a legal sense?

ever hear the word "jurisdiction"?

>> No.1726062

>>1726050

you think you are smarter than him but you are fucking retarded. you make zero sense faggot

>> No.1726102

>>1726050
supermarkets enforce supply.

ever thought what milk is exactly to the "supermarket" in a legal sense?

ever hear the word "inventory"


That's how autistic you sound trying to come off as being smarter than OP when both of you are clueless in regards to this cryptocurrency.

>> No.1726109

>>1726050
>>1726062
>>1726102
I'm asking because if Bitcoin might be considered a commodity, then would laws against commodity price manipulation apply here?

>> No.1726111

>>1726042
Nope

>> No.1726117

>>1726042

Technically yes. Realistically no.

Same answer to "is it possible"

>> No.1726125

>>1726062
>>1726102

All I was attempting to do was get OP to consider his question would apply equally to anything that shares btc's status:

"Are there any laws against manipulating the price of X to my own advantage?"

what is X?

>More broadly, the classification also now means it is more likely the CFTC could, under its market manipulation authority, police fraudulent activities on exchanges where bitcoins – and not just bitcoin derivatives – are traded.

>> No.1726138

>>1726042
If you cover your tracks, ya know, make it so no one can make the connection between your transactions and your identity then yeah. The US would probably just blame it on the Russians anyway.

>>1726102
kek

>>1726109
Depends if you'll be doing it in collusion with others I guess.
I mean Rembrandts, or Pollacks, or Warhols are a commodites, does anyone sue collectors for price manipulation?

then again I'm not a lawyer. If you're not just LARPing I suggest you start looking into financial-instrument like things where accusations of price manipulations, cartels, or collusion etc. have been brought to court.

>> No.1726155

>>1726138
It would just be by the carefully calculated timing and size of my transactions on the exchanges in order to move the price in the direction I want. I've been building a trading bot, and I'm not sure if implementing this feature would be legal or not. I don't want to place myself under any undue scrutiny, given the large cash deposits ready coming into my bank account from foreign bitcoin exchanges.

>> No.1726159

>>1726155
Also me (OP) posting from wifi, by the way

>> No.1726168

I think the worst that can happen is an exchange blocking you from future trading. US Law and any other countries aren't going to step in over something they have no stake in and in all reality don't like.

>> No.1726308

>>1726159
enjoy getting doxxed

>> No.1726314

>>1726042
So you're running an exchange and can stack the order books? Sounds like a plan Stan, take those coiners for all you can get!

>> No.1726321

>>1726102
Supermarkets are a duopoly here, milk is what they what to call it. Let that sink in.

>> No.1726338

The price of bitcoin has dropped nearly $400 in a matter of days; it's a combination of manipulation by commie chinks and pussy faggot limp wristed panic selling nu male cucks (think faggots from San Francisco)

This is an excellent buy opportunity, but few people realize this

>> No.1726340
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1726340

>>1726338
M8 it is New Year soon, they cash up and go home to see Parents else face serious disgrace.

>> No.1726610

>>1726338
I'm not here for coinfag delusions, just thoughts on the legality of manipulating the order book.

>> No.1726627
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1726627

>>1726610
>>1726610
Fucking called it! BOOM.

>> No.1726661
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1726661

>>1726627
I mean, there's more to it than that, but I'm not giving away my secret sauce. Is it legal to purposefully trade in patterns that favorably affect the market price though?

>> No.1726682
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1726682

>>1726661
There is no illegal with buttcoins, the hand of the free market rules. Libertarian paradise.

>> No.1727271

>>1726682
The exchanges are governed by laws dumbass.

>> No.1727310

Whats a 'bitcoin'?