Print Page - January made every altcoin look like pump and dump

Look at the chart. It's ridiculous.

But I believe this is beyond just hype and FOMO.
I think this was carefully planned.
Maybe that Mt.Gox trustee and his gang had a say in this.
A lot of people are blaming them for BTC going down. But look at the chart.
BTC declined before altcoins did. About a couple of weeks.

WHAT IF they sold BTC, but instead of converting to fiat, they bought altcoins and drove the price even higher before dumping?
I mean, the amount of BTC they have at their disposal can manipulate a lot of altcoin market.
And this COULD crash the entire market.
I don't think that only dumping some 400mil of BTC would cause such panic and dump.
But, it would certainly affect its price and if you affect BTC price and THEN! affect alt price and dump, now THAT would cause a huge panic.
When you sell alts, you don't actually buy BTC. You earn BTC at the price of that alt. So BTC price stays the same after you dump that alt. It's the alt which lose value.

But then you have to dump the BTC you got from selling that alt.

So basically, you dump hundreds of millions of BTC and affect its price while driving the alt market up, then you dump the alt market and even further hurt BTC by selling what you got from selling alts.
Triple strike against the market!

I don't think they are even alone. I think a group of huge BTC whales keep in touch and manipulate market on demand.
It's just how the world always worked. Rich people getting richer at the cost of us peasants.

Am I making any sense or just being retarded?

Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Nebell on April 10, 2018, 11:19:55 PM