Bitcoin Forum

I see many of you saying that the crypto whales are behind this downtrend that we see now. But if this is true why do they push it so far ? Not even the whales will meke money in this market. And if pushing it to far the whole crypto market might collapse. Than no one will make money anymore. Know media and all the fud out there have a huge impact on the market to.

Now that the Bitcoin market is completely in the hands of whales, I guess their intention is to make more people sell Bitcoins and cause falls to fall. But many people do not have such panic, so Bitcoin is still holding today. About $8000.

Here is the reason why the price going down https://www.google.com.ph/amp/s/cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market/amp .

There are so many other reason that goes out like  google  remove cryptocurrency ads etc.

Whales spreading FUDs to buy Bitcoin on the dip. Unfortunately, most of the traders get trapped. I think whales waiting to buy Bitcoin around 5000 or below. Until they enter into the market, I don't think the market will recover. Small investors like us need more and more patience.

And you think they do not understand that in this way they will be able to increase sales and reduce the price thereby buying another cheaper piece of cake. And their methods are being improved.

It is the MT GOX trustee who is behind this downtrend. This fool has been dumping large amounts of GOX coins directly on exchanges instead of doing it through OTC. This is what happens when someone not knowledgeable in a field is given the task.

Now in a bear market, most people have no confidence to in cryptocurrency market, because of the recent G20 meeting to discuss about regulation of cryptocurrency market, so people have no confidence，So it's still going to go down.

You are right about the information background, only negative news related to crypto-currencies around, and this is very hard at the rate of these currencies, but everything will change when governments of different countries adopt regulatory laws, after that there will be no speculation and theories, the market will calm down and continue to grow.

Too many FUD and bad news in the same times make many trader sell panic, and need longer times for Bitcoin continue to growing and now look market boring. But i believe, will be any times for bullish trend and its will be come in a few month.

Alright crypto whales are behind of all these dump but there is another factor that even worst than crypto whales. Whales only give a little push to the market. But this guy has a power more than whales  to push the price of bitcoin a lot.

https://www.bloomberg.com/news/articles/2018-03-08/bitcoin-s-latest-rub-is-overhang-ghost-from-mt-gox-bankruptc

Said mtgox trustee still hold more than 166k bitcoin and bitcoin cash in his wallet right now.

FUD and Google news make the situation even worst.

I think the whales are the one who control the market because of their big holdings and if they have already have gains already they can easily exit and buy back their coins on a cheaper price hence they will still have gain because of they know many of us will buy it too tell the price is on uptrend.

Have you read the analysis and conclusion in that article of cointelegraph you refer to ?

One reason may be the ghost from Mt. Gox selling their huge Bitcoin supply (this information was somehow confirmed). Another reason is generally a "bear mood" related to increasing regulation effort of governments and some negative news from different corners of the world.

The whales are taking advantage of the bad news being released by the media regarding cryptocurrency regulations, Google banning crypto ads, Mt. Gox's controversial massive BTC withdrawals and so on. Since the whales are in control, they are playing the minds of the newbies and inexperienced traders to sell off their Bitcoins and altcoins for them to buy again at lower prices just for the purpose to increase their portfolio. It's just normal guys, this is how the world of cryptocurrency is all about. :)

not just one reason for this dip .
mt gox trustee , G20 summit , chart of previous years at this time , regulation , etc all are playing their role in this dip .

Solely manipulation.

I think the whales will not sell, this is just a bad issue that was deliberately done, they are just waiting for when all have been affected and the market has crashing, then it's a good time for them to buy.

If they buy btc now for $8000 and a few months btc rise to $10k or even more, from the price difference you can imagine how much profit they get.

This is just my opinion, correct me if I am wrong.

there are multiple reasons, banks prohibit the purchase of a crypto with a c.card
G20 and mt gox, and other negative news has an impact on the decline

I am not sure who is causing the downtrend right now but a friend said that Mt. Gox is still not done dumping its bitcoin in the market so we are still experiencing the dip. I was really looking forward to see my portfolio in green at the end of this month but it seems that we will have to wait a month or two to see some improvements on these coins that we hold. Let's just be positive about this though and see it as an advantage to buy more coins while the whales are dumping.

I think they realize that they are doing and will not destroy the market, it will also not be profitable for them.

A lot of people blame it on Google's decision to ban crypto ads like FB.

So, that might be it. :)

The sentiment changed rapidly since end 2017. Crytpo is still largely speculation (the only real use cases now are maybe BTC as digital gold and ETH as ICO platform) so the price can be easily manipulated in both directions

Anyway I'm confident in a bullish sentiment change soon, waiting then for real case adoption for crypto (like lighting network working for BTC or many working Dapps built on the Ethereum network)

Obviously whales who have huge investments in crypto but if you hold and be patience everything will be fine, the panic sellers make more down fall and that';s what whales makes you do

After the last year's boom ended, it seems to me that the current state of affairs, including the price of Bitcoin is optimal. Just those who bought at the peak are now disappointed.

I think it's an artificial price drop that provoked a few big players to buy a maximum of coins at the lowest price.

Not only the whales,financial institutions such as CME and Wallstreet who are the main players in cryptocurrencies,because it needs billions of dollars before you can manipulate 1 candle in a 1minute chart,so this is very impossible if those whales are the ones who are manipulating the market,the biggest whales are the ones who are running these institutions.

 

with government control market wont grow fast and if it would it will be profitable only for government members

I don't think anyone controlling the price right now, it's natural for crypto going down and up. If you have been following crypto last 6 months, you will have an idea, why it's happening right now. But most probably the worst is over, we might see some Green in next few weeks, finger crossed.

hope they wont play too far :-\

Might be the financial institution,because as i can see the candles of bitcoin are so manipulated? + - $200 per candle? and it needs a lot of money to do that,only those financial institutions will be able to manipulate a single candle and it needs billions of dollars to do that,so we need to get along with these people so that we will know what will they do to the market.

This is not how it works. It is true (or assumed?) that the whales are the one who causes the prices to go up and down. This is what they usually do (once again, this is all assumed) - They start buying a bitcoin causing the price to rise significantly. Other people seeing this price rise starts to invest on bitcoin causing the price to go up further (at this points the whales have bought enough to keep them stocked). When the price of the coins goes up significantly, the whales starts to sell their coins which in turn causes the price to drop back. Seeing the price fall, other investors starts to panic and ends up selling their coins, causing further downtrend. The whales take their advantage and once again starts to invest on the coins, thus continuing the cycle.

the tokyo guy from japan and maybe the silk road coin auctions by CIA,anyone thinks otherwise?

Financial institutions i supposed? because as i can see the bitcoin's price is too manipulated and it can only be manipulated by these giant players.Financial institutions like CME and Wallstreet could be behind these manipulations that is why we need to be alert do the right thing and hold if you are already trapped with the altcoins you are holding.

difficult to determine that someone is behind this downtrend. this can be only affirm that the bad news made people sell in panic. The whales take advantage of this opportunity to spread FUDs. some bad news such as: Google will ban all cryptocurrency-related advertising, G20, Mt. Gox-$400 mln Mt.Gox Sell-Off
https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports (ftp://https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports)

Crypto economy is getting bigger and bigger everyday so it’s getting effected by many different factors. Lastly we saw that high numbers of bitcoin is getting sold by a person and that damaged the market badly. It seems we will be waiting couple of weeks more at least to start some real  improvements.

Financial institutions are surely the ones whoa re manipulating the market,because you will need billions of dollars to manipulate the price of bitcoin,it is clearly shows how the 1min of BTC chart is being manipulated because i have been reading the candles and all i can say is to HOLD your altcoins because someone big is playing the market.

They can't do that for a long time if they have a low amount of money in their capital. The price should get much higher if this is true.

Thanks to you all for chiming in. I just have to be patient and HOLD  ;D

Whales want to enter bitcoin not at the price under 6k. Therefore so much pressure on the market. They realized that people would not leave crypto, so manipulation became so cruel. I think that we must remain faithful to crypto in any situation.

The market gives many earn if you have a head on your shoulders, and whales make such amounts to us and never dreamed. The MEDIA launched news about even bitcoins MTGOX, the sum for all crypto is not much and I doubt that's the reason the falling market. Just someone managed to buy cheaper)))

I don’t think there is any relation of this recent fall in crypto market with whales. Whales have already manipulated crypto prices in month of January. The recent drop in prices is because of governments taking action to regulate crypto assets and their exchanges and taking action against its promotion and launching of ICO’s. according to me, it’s the whales that are holding the price of crypto market steady currently against this massive dip.

The recent news regarding regulations are in hot water these days,Google will remove crypto ads,Mt Gotex cash out huge quantity of BTC as a result of which prices are going down and the crypto market is not thriving.Crypto whales are not behind this downtrend many other factors are there.Let see what will be announced after G-20 Conference.Always hope for the best these events will continue to occur in future.

No one is behind the downtrend,basically the negative news about cryotocurrenc is causing panic sales,increasing the dumping rate,thereby reducing the price of coins generally,hope this will be over soon.

There was a lot of FUD recently, but the market's been downtrend for some time now regardless. Not anyone or anything specific to blame I think.

I think its not specific person. Basically market is correcting itself after all these bright days we enjoyed. So we should be patient as holders and investors and we will have bright days again. I am holder.

The whole crypto market has become an open platform for manipulation. The market is being manipulated not just by major holders and whales, but also by government, media and banks. Governments recently have been taking actions on cryptos and applying regulations which has caused panic sell amongst people.

Whales manipulate market on periodic basis to earn profit from it. You can only earn from this market if you understand the movements and do analysis about it. Every coin pumps some or the other day and drops hard the next day. Truly, this market is purely manipulation and nothing else.

According to me, the downtrend that we are seeing currently in crypto market is due to governments that are taking actions and regulating crypto assets. Recently there were many news that led the market again towards bearish side. Google and facbook recently announced their move on banning crypto advertisements on their platform due to pressure from government.

US government is taking strict actions against launching of ICO’s and south Korean government is taking action against anonymous exchanges. All these news have led the crypto market in dip.

In my opinion, the people behind the current downturn are those who are holding many BTCs and they want to accumulate more BTC before pushing it up to make a profit.

True. The main reason behind drops and crashes are the people in crypto markets. There are many investors with weak hand in crypto market that are too sensitive about the market. If they hear any news or rumours or see the market falling even a bit, they sell their holdings in panic and led the market to drop even further. They don’t know when to hold and when to sell.

The main reason behind this is that many people have invested in crypto market without having any knowledge about it or the blockchain technology.

The main cause is the big rise in December and early January. The market rose much too far much too quickly, and since then has been in correction mode. It was a mini bubble.
Negative news etc I think can amplify the extent of the dip - but there was always going to be a dip regardless of any news.

So, do you think this downtrend because of that action? I don't think so. I guess someone (whales organization) made this downtrend. I believe there are some whales syndicate that bring the price down. But i don't have proof of that. I hope this is only my imagination.

Only giant whales can shake this price in one shot if one or 2 giant whales sell there bitcoin with milion or even only thousand of bitcoin the price will surely goes down and there a big impact the whole market since some of newbie holders will panic and sell there small amount of bitcoin.