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| August 17, 2018

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Bitpico Cashes Out, Claiming BTC to Be “World’s Most Manipulated Commodity”

August 5, 2018 |

Bitpico, a controversial mischief-maker within the world of bitcoin, has allegedly rage-quit BTC altogether. The pseudonymous entity, who has previously caught attention for stress-testing the Bitcoin Cash network and trying to keep Segwit2x alive, has now reportedly washed his hands of Bitcoin core altogether. There remains the possibility, however, that it’s merely the latest publicity stunt from a notorious troll.

Also read: A Character Called Bitpico Thinks He Can Stress-Test the BCH Network

Bitpico Allegedly Rage Quits on Bitcoin Core

Bitpico was last in the news six weeks ago, when we reported that his crew were stress-testing the Bitcoin Cash network – and not out of love for it. Bitpico has made no secret of his dislike for BCH, but now it appears he’s fallen out of love with BTC too. In a tweet that strongly reeked of a hack or publicity stunt, Bitpico wrote on August 4: “We are no longer bullish on #bitcoin $ btc & dumped all @ 8300 USD. We’ve put our farm up for sale also. Why? We no longer want to participate in the worlds most manipulated commodity. Bitcoin is now just a shit show. Good luck!”

The claim caught the attention of the crypto community, but was met with short shrift:

Bitpico Cashes Out, Claiming Bitcoin to Be “World’s Most Manipulated Commodity”

Others have speculated that Bitpico was a Bitcoin Cash shill all along, and that his team’s failure to successfully topple the BCH network was an attempt to demonstrate its strength, citing his sudden dismissal of BTC as proof.

Bitpico Deletes All Tweets

In addition to defiantly declaring BTC to be the world’s “most manipulated commodity”, and claiming to have sold his coins at the recent top, Bitpico went on to delete all his remaining tweets. He also updated his Twitter bio, reaffirming his opinion that “Bitcoin is fully manipulated shit show. Just say no.” If Bitpico was seeking to catch attention by throwing his toys out the pram, he certainly succeeded. Few people are prepared to take his claims seriously however.

Bitpico Cashes Out, Claiming Bitcoin to Be “World’s Most Manipulated Commodity”

Bitpico has a history of making threats and then never following through with them. As previously reported by news.Bitcoin.com: “[In November] Bitpico explained that his team was carrying out the Segwit2x fork whether people liked it or not and claimed to have 30 percent of the hashrate…Following Bitpico’s threats this past November, nothing ever happened, and his 30 percent of hashrate never came to fruition.” He also previously threatened to DDoS the Lightning Network, but once again, nothing happened.

It’s possible that Bitpico’s non-existent hashrate, sloppy coding, and ineffectual DDoS army is accompanied by shoddy infosec, resulting in his Twitter account being hacked. It seems likelier, though, that he’ll return in a few days, promoting a new agenda with equally lackluster results.

Do you think Bitpico has really sold all his BTC? Let us know in the comments section below.


Images courtesy of Shutterstock, and Twitter.


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The post Bitpico Cashes Out, Claiming BTC to Be “World’s Most Manipulated Commodity” appeared first on Bitcoin News.

Bitcoin News

Bitcoin’s price has been manipulated with another cryptocurrency: tether, professor says

June 13, 2018 |

Tether, one of the most-traded cryptocurrencies, shows a pattern of being spent on bitcoin at pivotal moments, helping to drive the world’s first digital asset to a record price in December, according to research by a University of Texas professor known for flagging suspicious activity in the VIX…


L.A. Times – Business

CNN

Venezuela election turnout figures ‘manipulated’

August 2, 2017 |

Turnout figures for an election to a controversial new legislative body in Venezuela were manipulated, the company that provided the voting technology has claimed.
CNN.com – RSS Channel – Regions – Americas

Facebook Manipulated 689,003 Users’ Emotions For Science

June 29, 2014 |

Facebook’s data scientists manipulated the News Feeds of 689,003 users, filling them with either positive posts or negative posts or posts devoid of sentiment in order to see how it affected their moods.
Forbes Real Time

U.S. says JP Morgan manipulated market; settlement seen

July 30, 2013 |

Woman walks past JP Morgan Chase's international headquarters on Park Avenue in New YorkWASHINGTON (Reuters) – The U.S. power regulator outlined its case of market manipulation against JPMorgan Chase & Co on Monday as industry sources said a final settlement on the issue should come on Tuesday. Traders used improper bidding tactics in California and the Midwest to boost profits, officials said in a statement that brought to light some details of an extensive investigation. Reports of that probe have circulated for months and a deal with the regulator could put an end to a distraction for JPMorgan Chief Executive Jamie Dimon. The U.S. …



Business News Headlines – Yahoo! News

Snowden’s father claims his son is being manipulated

June 28, 2013 |

Snowden’s father claims his son is being manipulated

Snowden father

NBC

In a frank interview, the father of the infamous NSA whistleblower said he believes Edward will return to the United States as long as certain conditions are met.Organization he says is taking advantage of his son