Bitcoin Forum

Since months ago, I see some strong resistance everytime the bitcoin price tries to increase and some of those times, the "pumpers" are forced to dump back in order to remove that resistance.

I believe is caused by so many bitcoin leverage sites that poped out in the last year, why do people are leveraging so much instead of see their normal bitcoin units to grow un price? Dont they see their greediness is stopping the rally itself and preventing the bitcoin price to go up and take even the 1/1 profit they had taken?

Just invest in 1/1 rate and see your bitcoins grow in price to take real and secure profit once it has doubled or more, all past rallies have been like that, don't ruin the moment.

Short leveraging is far smaller than longs. Shorters are not the problem here, there is a lack in strength to be mentioned.

Leverage doesn't stop market movements, it amplifies it.
There is no harm if people with higher risk tolerance try to improve their gains through leverage.

China is the one that is attempting to block the rise.  The west was leading with organic growth with higher prices on places like Coinbase.  China comes along and does a market sell with $40 in slippage.  Doing such an action is always manipulation and never actually just trying to sell.  China whales are probably trying to buy time to dump their Eth before BTC halving comes because they're all insane gamblers and probably bought too much Eth and figured out Eth is about to implode as soon as BTC goes up.

Yeah but it also means that the market isn't true, it has a artificial volume.

If people are able to leverage their trades, then it means the price will go up or go down much quicker than it would in a natural market situation. I don't think this is good for the growth of BTC.

I don't think Eth is actually overpriced, overpriced was Litecoin when it reached 48 usd a coin when btc was 1200, 1.9 billion market cap for a coin that offers nothing more than faster blocks is overprice.

Then you don't know anything about cryptocurrency.  Eth is actually a completely valueless scamcoin.  Even random BTC clones like dogecoin are more useful.  People are going to lose huge amounts of money on Eth, the only question is when it happens:

http://bitcointalk.org/index.php?topic=1361602.0

There is not much use of the bitcoin in the financial institutions. The Etheruem can be use to vote in the DAO.