Bitcoin Forum

Is this what is happening with the most pumps? Someone sets to sell XX Bitcoins at price(say 10% higher than market) and then they sell from their other account for that price, and it gives us a one big green candle and noobs be like "the ship is taking off, let's hop aboard!"... and the price starts going up and the whales are dumping at that time with a profit(or trying to provoce an even bigger pump)

This is also what im thinking. Whales are controlling and dictating prices. With the large amount coins they have,  they play games with the market and this affects small traders like me. Sometimes it favorable,  sometimes not.

Of course.

It's debatable whether it's still possible a small group of entities can do it in the Bitcoin market. It's huge and all over the world. In alts it's borderline guaranteed. It's not illegal. It's almost certain to work. There's a ton of money in it. Why not?

The truly successful have a mindset that is the absolute opposite of the majority. They buy when things are looking horrendous and sell when everyone else is euphoric.

That's probably what's going on with the market, they'r manipulating the price as per theyr desire and catching naive traders with big investments.

That's why a pump/dump called as a scam attempt at some point for several people.
The work of making fake bull/bear pretty clear it is not fair and yet people condidered it as somethinv normal , something that not illegal at all.
We cannot avoid this kind practice honestly , so just becareful.

That's what the whales are doing to manipulate the bitcoin market and they get rich the way they want and make you poor. So do not invest in any altcoin that has an undesirable growth momentum as it presents a lot of risk.

Maybe yes or maybe not for me i think is possible to the bigtime whales to do this but this not fair for them on this accusation because they have no evidence against them.

It's not illegal since this market lacks regulation. But even if it was illegal, if you team up with others and plan your actions in the right manner, it will be nearly impossible to actually proof that group X is manipulating the market. I honestly don't mind it since we're all responsible for our own actions. If you can't figure out that the market in a certain time frame is heavily bought up to an extent that it isn't justified, it will be a great moment either to short, or if you don't have any coins, to just wait for things to come down. Trading and investing isn't meant to be a fun thing or something you jump into without any basic market understanding.

If they have altcoin which has small marketcap, whales is possible to play the market.
So be carefull with altcoin which has small marketcap. Most we will be played by whales.

That's nothing new in the trading market. Whales have the advantage to dictate the price in the market. And you just need to strategize also when that happens so you can gain also from their manipulation.

I was thinking if they can do that, what will happen to cryptocurrency trading in future. So bad.
I think this is kind of pump and dump group. They do this like a scam group.