Bitcoin Forum

The whales are now dumping their coins and it has caused a major fall in the bitcoins price. But even after those dumps the supporters of bitcoin with its numbers is trying to overcome the dumps by buying more bitcoins from the market in the low price. Many bitcoin supporters are happy to see the price of bitcoin to fall down since it is a signal for them to buy more. More power to bitcoins and to the community, its time to buy more bitcoins!

do you think the fall in price is because whales sold theirs?
do you have any backing proof

Does it matter whether or not the whales are selling?

What he's saying is that the value is under $1k, in fact it is under $950 as I write this, and there is a huge opportunity to make good on positions that take some Bitcoin away from the whales and put in into the pockets of people willing to hodl or move it around more than whales would.

I personally expect for whales to be transitioning from BTC to ETC or DASH for the time being, since those markets have a lot more long position potential compared to Bitcoin, but that's changing since we went low.

Yakamoto is correct time to spread it to other people.
I guess we should pursue more to buy if we cant anymore.
Of course we cant sacrifice all our money for buying it all so we need help.
Other small investors would love to hold some bitcoin if they will be pursued to think that it will rise if they do buy now.
Somehow it needs to be a wholesale.  ;D

There wouldn't be that many guys crying about Bitcoin if they would just learn to hold their coins and forget about the price. With all this debate about the Bitcoin Unlimited and other Altcoins getting close to Bitcoins price the distraction was pretty successful so the holders could dump their precious BTC.
Now that the price went up, the posts are now being deleted or the posters are too busy trying to purchase their coins back within Bitcoin Exchanges.

many possibilities that will happen in this situations and we don't know what is the truth and why this could be happen in the market. but as long as we can calm and don't get panic about what is going on and we can still take profit, then we will be survive no matter how much the price is. beside that, for lower price, i think there will be many people using this opportunity to buy as much of bitcoin as they can and they will hold it because they bought bitcoin with cheap price so if the price is increases they can get big profit.

Can you tell me the proof? Looks like they realize the effect by the hardfork. Although it was still a rumour but it's really bearish for the bitcoin.

No, you're wrong. The market just shows a support.

I'm not, And I really hate the price of bitcoin gets plunged. There are no a lot of the supports on the market and it means if the demand are moving on the another direction such as to the altcoin trade.

I think the bitcoin has bright future when the block size is increased and more people will use it. So I will buy more in the near term.

Yes,the price is recovering and its now $940.I think the big whales have realized that bitcoin cant be dumped more and otherwise,they have to lose their bitcoins to others.So they are buying it back.Ha Ha Once again got a chance to see a good drama.

open up an exchange next time this happens and you will see the big dumps in one order (eg 700BTC) then continue on watching the price and how it changes and see the tiny sells (1-2) and continue watching more and see the wall that will be placed lower after the panic slowed down to buy the cheap coins back again.

I'm not sure if the price is already stabilizing and rising again slowly. Since some days ago the price doesn't stop to fall, it was near $1200, so went to $1100, next $1000 and now $900... The question is how long does it go? Maybe to $800, $700?

It's up the traders and holders if how big their nerve and keep closed eyes while price still dropping, surely in the coming days price will fluctuate back and the value will rises up again, just needed to assess properly in order to avoid much bigger lose.

Whales??
lol

remember the prices and bitcoins are measured in mBtc (1 thousandth's)
https://i.imgur.com/6D47cfO.png

it took only ~99btc (99,392mbtc) to move the price from $931 to $926

for all you fake market cap lovers out there..
under $100k to turn
$15,114,878,100 market cap
down to
$15,033,702,600 market cap

thats a drop of $81,175,500 using under $100k

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edit few minutes later
https://i.imgur.com/SekwET0.png

less than $302 to drop the price from $935 to $933⇘
yep $302 to make the markt cap change by $32,470,200.00


then ~$50 to ramp the price from $933 to $935⇗
yep $50 to make the market cap change by 32,470,200.00

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edit hour later
https://i.imgur.com/qKgqoib.png

0.013btc ($12.13) to move the price from $950 to $948

thats $32m off the meaningless market cap..  yep $12.13 caused that

yeah lol whales never dump, they let the newbie dump and buying all the cheap coin, after that they ump again, they are greedy and want always more coins, only newbie can't understand current situation, and that bitcoin will recover soon

It's the sharks you need to worry about not the whales.

and the red herrings. :)

And also, I think the reason on why bitcoin price comes down is because of forking. We all know that there is some speculation that Forking with Bitcoin will happen and I think that is one of the reason on why others tends to panic sell.

Users panic because not clean traders carry out manipulation of the bitcoin course and this frightens people. The price will always fluctuate, but still slowly rise up. Therefore, only calmness is needed.

its not about panic.. its market manipulation by the markets own programming and order limits.

if the only orders you can make are in $1 increments.. then thats $16m-is market cap change every time an order line is filled. even if that order line only contains 1mbtc (0.0001)

the fix is to allow more increments
EG not 0.934-0.935
but
0.93401-0.93402-0.93403-0.93404-0.93405
that way the price doesnt move by the whole dollar (volatile with no pressure needed/much coin needed).. but instead in cent amounts more smoothly

That's definitely not a newbie but might be some shark(like what jet cash said) or investor because I don't think someone new to bitcoin would have that kind of amount right away then manipulates the prices like that. Some are staying away from bitcoin that's why they're selling because if the split does happen bitcoin's price should crash.

Very true, patience is the key and I'm optimistic Bitcoin will rise again and defeat the doubters like it always does.

I am also trying to buy bitcoins because I also know that it is only the dump started by whales and they know that some newbie will afraid and will start to sell their coins. But the whales are also intelligent they will not sell all they only lower the price and then start to buy again and this time they buy more than what they sell so they get the profit what they want. The intelligent are those who do not agree to sell at low price at dump time.

For some, it might look good... But here in India, the Bitcoin business has stalled since the price went too much low in International markets, and that the biggest exchange in India reduced the prices in INR to an unacceptable level due to which everybody's trying to buy bitcoins at those prices at which the exchange is selling and the margin is very high between buy-sell prices... So, not a good thing for a few...

I agree whales or not that are selling, this is the best time to get cheap Bitcoin.  Drama about scaling is getting noisy, be glad, this means the patch for this problem will be implemented soon.  So better buy lots of BTC before it go upward again.


Partly some of whales sold some part of their stash, you can see it on the volume.  But I think bigger percentage of the sales are from shaken weak hands.  They are forced to sell their holdings due to panic and lack of faith in Bitcoin.

yeah, right forking is one of the reasons why this is happening. and for me, they shouldnt panic sell.. this price decrease is just a small dip. and we should take advantage to this drama instead. we should hold our bitcoins no matter how hard the price falls off and we should buy more. its a win/win situation anyway cause it is not so soon that  the price of bitcoin will break its all time high price.

Well, if you truly support BTC and believe in it, indeed, it is the best time to buy more coins at a lower price. Many people sold because of the chaos created by the hard fork news but, as we can see, BTC community still has a lot to offer and still supported by buying it up. Opportunities like this come and go in a moment. A true skilled investor should see this and will buy BTCat this price. Let the weak hands sell.

Lol wtf...

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Whales are usually early adopters so them dumping at an ATH would make a lot of sense. ATH, FUD, sell. It seems logical. The great news is we didn't crash to $200 each, we crashed to $900s. That's not even a crash in my books, so time to buy up as much as I possibly can.

Bitcoins are on sale 25% off. The sale won't last long, act now!

Yeah, the time to buy bitcoins is now, and if you support bitcoin you need to buy one as long as the price is still at three digits. There are a lot of big names supporting Bitcoin Unlimited, they are investors, businessmans, but the people support the current core. I will support bitcoin and what might happen will happen, I am just a guy that supports the current core and I can't stop what might happen, I will still support Bitcoin, I will not let go of it.

I dont think that the Whales are the early adopters i have seen their are users who have bought so much in recent  and they are still buying and holding it. So this dump is actually by the weak hands and the market manipulators who are selling in high and buying in low. Even if they get 5% profit that is enough as the trade will be in high quantity.

The best time to sell Bitcoin was a few days ago when the price was over $1200. I think now it's best to hold unless the price keeps going up.

True. The threat of a hard crash could be what's causing people to dump their coins. Even just a few coins dumped by a large number of people can make a difference.


True. With the currently low exchange rate, might as well just keep it. Of course we can't really tell if it would suffer a crash it can't recover from but you'd lose money anyway if you sell. Besides, people shouldn't have invested money they can't afford to lose anyway.

this is very true.
although the problem is that many bitcoin investors are either not aware of the situation or they are too scared to believe it.
in the end what really happens in the market is that whales always dump on the top not on the way down or in the low price, others do that just fine. then whales buy at the bottom slowly and with small orders and that means they buy back what they sold cheaper. again others are just crowding up the place.

But we cannot be sure that the seller are whales alone. Most probably panic selling is happening so all types of bitcoin holders will be there to sell except those who are having strong faith with the bitcoin's future. There will be no arguments, this must be another opportunities to buy more bitcoins for cheaper, I'm also planning to buy few coins.

It must be right time to buy more but we cannot be sure those bitcoins will be coming from whales. Basically long term whales will never get panic and this $900+ levels would have been their most expected fluctuations also.

How do you know this hasn't happened yet? :-\

It could of happened days ago when the major pump of the big alts happened few days ago started happening and still are continuing to rise above btc price still. ;D

Its unfair price is now lower than 950$. I do not know if this continuous dump again what we gonna do with our savings. I have checked in trading site all being live and waiting to buy the bitcoins.
Please do not sell out coins and buy as much you can now. I am sure bitcoins will move to the peak value again. In April month we may touch that.

Yes its actually quite true because there is a sudden decrease though honestly whales have very very huge amount of bitcoins and if they just sell 5-10% of their coins the market takes a swing, we cant really take much from them but yeah its better to have bt more spread rather than huge amounts to lesser people.

I agree with you that having btc spread more to people is really a great deal since the more it spreads, the lesser others have control in it. I also think that it might not be the best time to buy bitcoin, but it is a great time to buy more but it might go down so its not the best. I really hope that in the next few days bitcoins price will rise back again to 1000$ levels, and to 1200$+ levels in the next few weeks.