Bitcoin Forum

I recently watched a video that explained this as being a possible reason. The cutoff date for some of the bitcoin futures was Jan 17th, and I think another one is coming on the 26th. Could it be possible that some whales tried to short the market in order to get a good futures return?

It would be a good time to do so, especially given the annual dip in prices because of the Lunar New Year in Asia. What do you all think?

Anything is possible in crypto. Honestly, I think with the institutions now able to invest in BTC futures I don’t see why they wouldn’t take advantage of the situation. Btc is being manipulated in many ways by whales, governments and now futures. We were riding ATH just few weeks ago and now we are reverting back to lows last seen late November/early December. I really hope this is due to the lunar new year but with the recent bad news bears coming from regulatories and now India it’s hard to tell. I am a long time holder so hopefully this blows over quickly or people will lose faith in crypto pretty quick.

I heard that Russia is drafting a bill to legalize crypto over there. It's the ideal environment for mining, among other things. Hopefully Russian money will help the market grow even more in the coming months.

I have read the same idea in some other group discussions and I believe there's a connection to this why the price starts to move negatively again. And another FUD has been expressed by the Wall St folks,  90% of bitcoin's value could get wiped out, Wall Street veteran Peter Boockvar warns so again there's a massive panic selling that's happening again. (https://www.cnbc.com/2018/01/19/bitcoin-could-lose-90-percent-of-its-value-wall-st-veteran-boockvar-warns.html)
Chinese New Year? Hmm.. Chinese people cashing out but it's quite early.

Yeah, that CNBC quote scared me a bit. But, when has CNBC not been hating on cryptocurrency? lol. Their $10,000 price drop prediction was correct, but they've been generally incorrect over the long term. I'll take their advice with a grain of salt.

As soon as the big banks took to the bitcoin field, I got worried.
The big banks got scared of the crypto revolution and with futures they got their hands on the market to try to stop.
But the revolution can no longer be stopped.
With futures they can control and drug the price of bitcoins but they will never be able to control 1400+ alt crypto

Ive heard that theory along with many others. Really I see this as a correction, get rid of weak hands and wait a few months for another bullrun, crypto isn't going away....

Who the fuck is Peter Boockvar ?? The fucking idiot who predicted an upcoming bear market back in 2016. I can't imagine how CNBC would do anything to create FUD in cryptospace.

https://www.cnbc.com/2016/09/28/trump-or-clinton-it-doesnt-matter-a-bear-market-is-coming-whoever-wins-commentary.html

 For those who are on the edge, it is either time to buy and stock up now or just HODL.

Please do your due diligence before investing and do not invest more than what you can afford to lose!

I think that this is the same with Jamie's quote. If you remember about big bearish had come after jamie makes a bullshit FUD about the crypto. And then he was wrong about that.

With irrational increase at the end of the previous year and then you can't feel scared about that.

But this is a little bit different with it. Because if we have been surging without irrational reason and then you'd be surprised if you are seeing irrational bearish too.

Russia? i haven't heard anything from them for a while now.. What is happening with that country at the moment?

Anyway, i saw that there are a lot of countries who are finally going to legalize Bitcoin and ICO's, like Estonia, Saudi Arabia, and so many others.

But this crash is obviously created by manipulators.

Bitcoin futures first contract will expire on January 26 so few days from now we will see the impact of that deadline. And the dip started to happen when the contracts started to closed on January 17 and that made the price went down to $9,000 but the contract closed at $10,900. And another impact are those FUDsters that never stops on giving their unimportant thought about bitcoin. All of them will eat their words back and will say, "bitcoin has a potential."

Yes, and this:
https://www.sec.gov/news/public-statement/joint-statement-sec-and-cftc-enforcement-directors

I don't think it's anything to do with bitcoin futures.

I think what happened is that a lot of people who bought when bitcoin was about $500 or less had a $10,000 target.

When Bitcoin went completely mad in December 2017 and went up in a vertical line to nearly $20,000, these people sent coins to the exchanges and sold. And the combined weight of their selling pushed it back to about $10,000.

$10,000 is actually a good price. $20,000 was too much given Bitcoin's scaling issues which it needs to solve before it can make another push upwards.

I don't think this dip is about Bitcoin Futures. It doesn't make any sense because BTC futures are too small as volume right now.
They are under 1B and the market lost 300B...

I am wondering, what Bitcoin futures have to do with Bitcoin itself. Maybe buy and dump Bitcoin to manipulate the future market? Would that really work? But that could be detected, thanks to blockchain. I think, such manipulation would have been already published.

THis Jamie.. not only tried to spread FUD and make the market drop (tulip bulbs, i will fire all my workers if i find the trading BTC...).. meanwhile, is known by all cryptocommunity that dishonest bank was buying BTC through an scandinavian exchange...

sumarizing.. crypto revolution is just beginning.. wait osme time until mass adoption... when everyone knows how to buy and sell cryptos..  expect only rising demand in the next 2-5 years.... $$$$$$$$$

That's a great point.

i think its the same big wigs flipping coin everyday and it must be a lot of coin.  it just seems everyday there are $1500 -$3000 swings,   some one with a lot of coin could make a lot everyday.  wish I knew how  or was one of the market shifters.    though it seems crazy that they are doing everyday.    but i guess this is the future we want,  i think 

It is not about the BTC futures volume but it is about price manipulation. BTC whale can manipulate BTC price for their predictions since the BTC future is basically free money for early BTC investors. In addition, there is a lot of FUD on Bitcoin taxes too. The problem is that people do not care about the Bitcoin good news but only bad news and rumors lol

For my own opinion,I think this is called the (Strategy)
Because many people or many institutional investors are wise to use the future contract to lower the bitcoin price then buy a lower sittings to stop loss triggers at support levels to push down the price further and further to make it look like crash.
By taking this strategy the investors are pushing down the price in order to re enter as much a lower level and potentially set to unpresedented highs.

The BTC futures market derives it's price from BTC, it is a derivative. If someone shorted the BTC futures and lets say it dropped lower than BTC, that would be a divergence in price. Theoretically, someone can then arbitrage between the two and make the difference.

But that is probably not going to happen. Normal markets have pullbacks, corrections and crashes. BTC went from 10k to 20k in a very short period of time, much too fast to sustain the high price and has now 'corrected' to a 'reasonable' price.  That being said, I'm sure it will break the all time high this year and make new ones...

We will put that theory to the test as cboe(or cmoe forgot the correct spelling ;D) end at jannuary 25th so we will se how is that influencing the price.Imo its more about tether being pushed out in large amounts that make a difference,just look at the btc volume with less then 500 you can push price up or down for 1k$...

I think it could be manipulation. Bitcoin Futures is basically a bet that the price of Bitcoin will be above or below a price. And the current Bitcoin futures contracts end on January 26th. If we look at the scenario around the last futures expiration on Jan 17th, you can see the clear sign of market manipulation. According to past scenarios price of the Bitcoin should sky rocket to above 15k before this Friday.

These futures guys are raising the hair at the back of my neck. Probably paving the way for stricter regulations too

i think it's more like a self fulfilling prophecy. people want to find higher authorities to follow no matter what most of them claim.

in reality futures volumes are pathetic and there is no real bitcoin involved but enough people believe it must be more legitimate because wall st brought it so they'll become slaves to it.

traders used to watch okcoin futures carefully. they're gonna watch this even more so. it's dumb but there you go.

Exactly what i was thinking. Some whales shorting the market in order to get a "win" from the futures. That is why i am kind of worried for 26th, in case this might happen again. But i really think this time, we will be in bullish mode.

You have a point. Maybe the big players or the billionaire are manipulating the market for their own good. This maybe hard to happen but it is posible.

Most people in here are saying that after the expiration of the next future contracts on January the 26th, they are going to open long positions over the price. If this happens, i think that the price will go up and it will make a reversal movement. Probably we will hit more than $15,000 soon.

Read that on twitter that the last bitcoin low around $9K happened within minutes of
CBOE futures expiry/settlement last week. While we cannot expect an exact repeat of
 that on 26th CME future expiry but bitcoin is more likely to stay subdued until then. The
big rally should start after that event.

Yes the possibilities are always there, but still i think that now it is not so easy to manipulate the price of bitcoin, i the investors are a little cautious and that is the reason that the bitcoin price is trading so much stable with a little dump but i think that it will very soon over and investors will very soon become active to invest money in bitcoin and the bitcoin price will once again start increasing to recover its previous price and make new records.

Unfortunately, I see that the bitcoin is being manipulated. It makes me very sad. I think the price was deliberately lowered by futures and negative news from China.

i don’t know why but it seems that futures are manipulating the bitcoin price, btc reached it’s peak just before the first future launch, after they shorted it, it started it’s decrease that never stopped since that moment, let’s see what will happen the 25 th..i’m A bit scared of a new short

Bitcoin has been manipulated since it started it has a domino effect can you see, everytime there is a bad news about bitcoin, price crash soon follows, everytime these big names in the industry announce something positive a surge in price follows after, this has been happening since Bitcoin was created.

This is most likely to happen because I realize that the market is heavily influenced by the dominance of big investors from China. This market distortion makes many investors feel very puzzled and anxious, I believe this is entirely due to the influence of the big investors.

Yes i am the one who think that this is manipulation of big player from behind the schene.
I think this have two options,
First, this game will over by the big player and tje price will rise again like before.
Second, this price run will stay and try to look for the stable price position.

Bitcoin prices can indeed be manipulated by big players to achieve success in the future. It is not strange anymore, because they are able to have large capital to manipulate prices in the market. The impact people will feel hesitant and panic selling all the bitcoin it has.

Nothing happened when the futures contract expired yesterday...

Probably it's not the Bitcoin Futures that caused the crash. Just my observation.

Given the sudden reappearance of green today, I think it's safe to assume that bitcoin futures at the very least inspired some investment decisions.

Anything is possible in the world of crypto so I guess the answer to your question is that it could happen that these whales are playing around the market. And these whales might hold a huge lump sum of the futures too, because as I have observed when the futures was launched; Bitcoins price somewhat increased or maybe it was just a coincidence and now that I think it just had expired I'm seeing greens in my portfolio. But then again I could be wrong.

The Bitcoin crash which we all witnessed in the last few weeks was all planned. If you look at all the events which have happened in the past you would realize how it was all staged.

Jamie Dimon of JP Morgan had earlier said that Bitcoin was a Fraud. But a month later (the beginning of this month) he had stated that he regretted what he said about Bitcoin earlier.
Also, all hue and cry about Crypto currency ban in South Korea came out to be a FUD only. Last week it was made clear that major South Korean Banks were planning to open crypto currency exchanges of their own. So all this was just a game to get the price down so that the first of its kind : Bitcoin futures were to to make gains only for the BEARS and who were the those BEARS actually : THESE BANKS. They made a booty there and then they have positioned themselves now at the lowest level possible to acquire Bitcoin and Ethereum at these levels. First, they grabbed your Bitcoin/ETH by selling you a dream token: RIPPLE ( which was all along sponsored by the BANKS).

Overall, the clouds are clearing now and path to flight above is getting clearer with every passing day. Bitcoin will again follow a resounding upward movement and so will ETH. Can't say much the same about Ripple ( as it has been exposed now to be anti-crypto).

Crypto lovers, you are warned not to shelve or offload your BTC or ETH for the love of coins which promise adherence to regulation or banking guidelines. Let it all be CRYPTO. Bitcoin cannot be damned. But yes, it can damn everything in its path. 

Finally, a train of thought I can get behind!
Banks and government are now trying to play catchup with the market and will use any and all tools at their disposal to get there