Bitcoin Forum

It seems to be some GIANT investors manipulating the bitcoin market.

Any ideas?? ??? ???

It was always like this, there's nothing special about today or this week, or this month...

I strongly agree.
Do we really have to talk big about this? I got a prediction.
Some people here will use the BU thing again to make a maze to why bitcoin is waving like this.
One more prediction. There will be lots of them that will use it as a reason for this kind of things.
It will come true.  ;D

I was wondering the same thing, interesting how it keeps steady at around 1k$, tho I don't believe some big investors are involved. But hey, even 1k$ is well enough for me. :p
As much as I've understood from the last few topics, there's been a hard debate over segwit and hardfork, so that may be involved in this price stagnation, so until that's resolved, we won't be seeing any huge jumps in price?

as per your analytics what price would be the BEST?

Is it

$950  ???
$1000  ???
$1050  ???
$1100  ???
$1150  ???
$1200  ???

Price fluctuations keep the price stay above $1000 even after continued up and down movement of price. Hopefully the price will move in the forward direction helping the users benefit out of it. Now the sudden growth of other alts too have been getting stable.

AFAIK its due to the uncertainty and fear in the market, caused by bitcoin unlimited and their hard fork.

If there's another reason for it, I totally missed it.

As long as BU's hard fork is hanging over bitcoin's head, like a dark cloud of doom, the price will likely continue to fluctuate.

There are no manipulations being done by the big sharks in the bitcoin market . Rather when big investors purchase huge volumes of bitcoin the price increases fast and when they sell their coins in huge volumes the price of bitcoin will surely deflate in wide range.

In my view there's some volatility because of the recent and upcoming key events(ETF, split).

I am just following altcoins nowadays.
They are in bubble like hell I believe, thats why btc price is getting affected much.
When bubble of alts explodes, btc will be still safe haven to return. Just my guess.

It's not just today, but the whole last weeks that the price started to bounce up and down due to the hard fork speculations. If you look closely at how the price behaved, then you'll notice that each time the price went under $1000, it found its way back up to the $1000 level. Current drop to under $1000 isn't anything special. It will bounce back up to over $1000 in the coming days, no worries. Instead, you could even look to buy back some coins in case you cashed out profits around the $1200 level.

Someone really smart known as 'The Bitcoin Oracle' for is accurate predictions on price said the smart money went away in the beginning of the month, next target price at ~$800.

You can clearly see these moves, capital is fleeing from bitcoin to other coins.

It's been like that for the whole month and so is previously so I don't think it's a big deal. What to panick about is if it continues to go down below $1000.

Meh wrong. Smart money has already moved out. Their flash effect has already occured.  Now we will see a bounce back. I keep earning coins every day because of this 'smart money' you are talking about

I wouldn't bet against Vinny... :D

Every investment fluctuates. If it stays at one price then maybe it is dead.
It is just stronger with bitcoin since it is very limited. 21 million is a tiny thing compare to how many liters of oil they have gathered since discovery. Look at the image below. That is almost half the price of crude oil in just a year. We just feel it more with bitcoin because of its higher price. But in total it is not even half of its peak.
https://i.imgur.com/iILMcGU.png

There are no giant investors manipulating right now. This is only the effect of people massively moving towards bitcoin unlimited without knowing they are supporting an even more flawed system than core. Effectively ruining bitcoin while presenting it as some sort of solution.

Man dont be this type of guy. Dont scare people that are already scared. You are like some depressive old dude that says everything is going to end bad while you know that bicoin will tripple in value in 2 years.

It's not the giant investor its the peoples faith has fallen thats why we can see some downfall of bitcoins price for now and flactuations are just normally happens since their are other groups of individuals who still withhold their bitcoins for future use, So its up to us if we will think to ride on flactuation since maybe by riding them we might gonna earn some money from this kind of psycho game.

Actually this seems to be triggered by buzz about possible hard fork in near future. ETH and DASH are in high demand because they are second and third crypto by marketcap and right now all fear about possible price dump after hard fork so they are hedging against it by investing in other alts.

Just look at the pattern for last two and half months since the beginning of the new year this is what is being practiced over and over again. They price recovers little bit and every time with some self created issue or news market is suppressed for few days. I think this will be over soon and price will be up again.

No manipulation, Just the panic feels caused by the bad news or something is bad. Trust me, it will recover tomorrow. No one can manipulate the bitcoin market. If you're talking about the Chinese exchange and they've monitored by PBOC.

What's wrong with you? I'm not scaring people. I'm just atating the facts.
If BU gets adopted we have an even bigger problem than we do now with the scaling issue. BU is fundamentally unworkable, this has been extensively explained in other topics. But people don't care about technical and fundamental workings, they care about hype and getting rich quick. Ruining bitcoin in the process.

Yes. Its the hard fork dilemma that is causing this price fluctuations. So its really hard to predict the price right now. Next thing you know we are below $1000. I initially thought that there are entities behind the bitcoin ecosystem that is manilpulating the price, but now I hight doubt that. It's been the BU vs Core and the politics behind it that is causing a massive dump from different investors. So all we can do is hold to our bitcoins and see what the future will bring. But I hope we are still in the right direction whether hard fork is implemented, and $2000 price at the end is possible still.

I think there is a support line at about $950, and the price is repeatedly testing this. If it fails to crash through it, it will rise above $1000 again.

Actually $1000 is not a big problem we want to get back at new ATH once it was looking stable above $1200. Now it has new trend with daily up and down which is happening in trading and some people making profit with this way easily.

I think it needs to establish stability around $1000 before even thinking about trying for another all time high. The move from $700 was too fast and too violent, and bitcoin really needs to establish a base at $1000 before people feel secure about the future to buy again.

Not me. I will buy like a madman.

Actually it seems normal, eversince I started investing bitcoin the price is already like this, it goes up down and doesn't have any stability, and because of that people starts to think that bitcoin will die but the chances are too low, the idea of bitcoin is too good to be abolished though.

Not? I advice anyone to browse through your post history to see what kind of anti Bitcoin preacher you are.

No you don't. It's not for nothing that you are probably sitting high in people's list of trolls.

BU enjoys fake support. Everyone else can just continue supporting Core in the exact way they do now. It's not profitable for large mining farms to mine coins valued a tenth of what Bitcoin's exchange rate is. I am sure they are well aware of that. I wouldn't even be surprised if this whole hard fork doesn't even happen.

I am sure you will fiercely contribute to that.

we are all believing that this one was only a test for those holders who can keep holding their btc its only the newcomers and weak holders will be victimize by this fluctuation surely we will see rise up trend again seeing 1k$+ and will make it double after a year, keep tracing the movement.

Yes, it sees just the usual fluctuations and we do not need to worry about as resistance levels around $950 to $930 is still holding prices to keep it to up surge. I believe this range bound between $1150 to $950 would be a kind of cooling phase toward breaking $1300 levels. Hope the scaling issue will find a amicable solution to leave bitcoin prices a worry-free.

Bitcoin price's ups and downs are being loved by many people, yes they are the traders and when we are start making use of those things, we do not need to worry about them.

If that obstacle is removed from the road, then the price will continue to rush further. But it's easier said than done. It doesn't look like we'll see any real changes (solution wise) that will take away the fear of a potential hard fork. I think Roger Ver is happily looking at how things are going for him. It's ridiculous that such a nono can cause so much friction. Then we have Jihan Wu that sits on the same level. Both are a plague to Bitcoin.

Friend, you gonna be used to this kind of movement, fluctuation every now and then, do not make yourself worry, I guess you hold coins that is why you are in "panic" thinking that your coin might lost.

They really are, big whales do manipulating the bitcoin price. Those groups are just doing the dumping and pumping the coins, so they are making a lot of profits consistently for having that advantage. One of them is the chinese group which have the half amount of bitcoin network.

Are you talking about Bitmain and Antpool,yes they have a huge amount of coins and so they could manipulate the market and juice the maximum profit out through trading but i am not sure how much they are manipulating other than they supported BU,nothing is true unless it is proved otherwise. Waiting to hear some positive news so that the price rises again.

I suppose it's reflective of the state of BTCBTCBTC right now - so confusing and uncertain.

coudlnt say it any better. Uncertain, fragile but with an extreme high potential.

Yes those big fishes manipulate the coins by creating more demand and less supply or else by creating more supply and less demand to increase or decrease the value of bitcoin and i think even some government officials will be indirectly involved in this.