Bitcoin Forum

BTC price has fallen at a great number in last few days. I am really confused to give it a name. Is it a whale attack on the btc price. What is your thought? Please share your thought in the forum .

Nahh. It's the good old up/down that comes as a surprise again.

Price was 2.446,24 USD per bitcoin one year ago.
 
https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20170525&end=20180525

Whale attack.. Since when have whales attacked anything ?

Thank you for the link.It is useful to check the historic data price.I find in internet that a whale has many coins. But how can they control the price in the market ? can you explain it a bit.

Correction is the word.

Explain ? See it as a time machine. I spend one year in it. And comes back and tells you what to believe.

Someone got rich! Some of the ones that did not get rich got fucked over.. Probably well deserved.

Don't you know the first rule? When you do not understand what to do\what was happen - try search a whales somewhere ;D

First rule ? "The greatest favor you can do mankind is to shut the fuck up"..

In danish. "Den største tjeneste du kan gøre menneskeheden er at holde din kæft". Could translate to. "The greatest favor you can do mankind is to brush your teeth." Just to add some meaning.

So if some nigger goes. "Am i my brothers keeper?" Answer is definitely no.

If I had to give it a name, it would be "normal price action that happens everyday."

I think that maybe there is some point in your thoughts about the whale attack. However, I don't think that this fall will be for long and will result in something really serious. In my opinion, it will not fluctuate much soon

Monty Python-Juniper Bush Clip
https://www.youtube.com/watch?v=pCFBndlScBc

Shall be given what ?

This is a market ,so markets always go up & down. It's the nature of this.  :D

Hard to say. Of course it could be the case that guys with lots of coins and money try to suppress the market, to accumulate as much as coins as possible.
For instance they could buy OTC some bigger batches, for a lower price if, and dump on exchanges while being short on spot and futures.
And every time they've reached their targeted price levels, they buy back in. There are a few more strategies they are probably using.
The market is so tiny, manipulating it when you have deep pockets is not that difficult.
I'm not saying that this is happening right now. I'm just saying it is possible and probably happened in the past.

I guess we can't really tell... Only speculating but I think if there was a massive attack, the price would be lower..

The first rule of Whale Club, is NEVER to talk about Whale Club!  ;D

Whales do not attack, they just swim through the market {ocean} and throw their weight around. They eat all the small

fish {The small newbies, that panic at the smallest volatility in the price} ....and they create one hell of a ripple, when they

do that.  ;)  Never hate the whales, they are gentle giants.  8)

In this case I am sure that ththey market is being manipulated by the big whales in bitcoins. They are spreading FUD so that the faint hearted sell their bitcoins and then they get it a cheaper price.

If we have accepted that bitcoin price goes up and comes down, then there is no cause for alarm. It is part of the game. It is TBC they say always go up and don't come down, not BTC.

Yes, you are right, if ever the whales are one of the reasons why bitcoin and altcoins are decreasing now, well, never hate them.

But I think I don't believe those whales that they are the reason for dumping cryptocurrency, it is a nature that has a fluctuation in the marketcap that's why there is up and down price movement. So, therefore what I mean is no one can control the price of bitcoin even big whale there is nothing to do.

Maybe but who knows what is the exact reason.

It is better to buy some crypto currencies now hopefully the price will recover in the coming days.But I think this may not be the whales attack this is happening due to the short term holders who bought the currencies at $9500 or above when there is huge bump happened in few days now they are selling the cryptos to make money.

yes, some people say, this is a whale game, because they are in control of bitcoin prices. then also another bad factor makes bitcoin difficult to move and difficult to rise.

I think something that can stop the market game so the whales cannot move is a public volume that supports Bitcoin.

some people also predict that the whales are deadlocked, so whales cannot move, unless they save more assets.

this correction makes people confused.

Maybe Bitcoin Falls Due To More Bitcoin Usage In This Year So Bitcoin Falls But Maybe Bitcoin Will Also Rise In Next Year So Maybe It's The Right Time To Investate Back In bitcoin

I think the 51% attack on BTG has been the cause for the drop in price over last few days / week. $18 million estimated to be stolen from exchanges, these exchanges will need to pay bills cover losses etc and people will jump ship on hearing this or maybe wait on investing further.

Again though it standard market price swings as everyone else suggesting

Fuzzybear

Maybe yes, maybe no. For me, this is a normal massive correction only for bitcoin. Bitcoin is trying to retesting the Feb / April lows but now in a higher low. In April, it reached the 6800 mark and if it will retest it again maybe it will stop at 7k or below it. Going below the Feb / April lows will be devastating for bitcoin. Whales??? UHHHMMM maybe they have sold some of their bitcoins but not all. They are trying to buy the lows at this moment.

there has been a "whale attack" happening on bitcoin for some time now. but this attack is not taking place the way you think it is. instead it works like this: the whales get bigger each time you let them buy more bitcoin than you or when you sell your coins at the bottom because of panic to them. who do you think places those buy orders at the bottom waiting to fill their big whale bellies :D

Its true in recent times this market facing some problems because some countries are banned crypto they feel it is illegal. For this reason people are afraid to invest on this market. It decreases the market price. But i think this situation will be change in recent time.

It is true that these days the bitcoin and other altcoins are experiencing a great decline and I believe that this is a whale attack to lower prices and buy at low prices.

Big player (investor) of bitcoin quit supporting this crypto they change crypto on supporting such as eth and ltc so by that it really affect the price of bitcoin within the past two to three month, They will back on my intuition when the price of btc was about to 1k to 1.2k usd.

The price fall is very natural bitcoin and I don't think this ia a whale effect. If you compare the price with what it was last year you will see how much it has increased. Besides the prices were falling drastically at the begining of the year. It has increased much. For now this fall is not a thing to worry.

there has been a lot of manipulation taking place in bitcoin market on exchanges for a couple of months now. my observation is that it started mainly at strength when price went below $10k for the first time and it has only grown ever since. so the one small drop in a day that OP saw is not a "whale attack" it is just a simple drop but it was caused by the same manipulation that has been going on. if you want to call that a "whale attack" then feel free to.

I don't know what exactly is driving the prices down, as general atmosphere should be rather good, with all companies enetering blockchain industry proving the critics wrong.

This might be a whale attack because there area lot of demands in the market and the market is growing gradually. But, according to that the price is not that growing. I think some people are having control over it. Some procedures should be taken to eradicate these whales.

whales have nothing to do with it. just a great demand passed. Accordingly, only those who are engaged in trade remained in the market. those people who just bought and waited, do not buy anymore. some sell and forget about the crypto, some wait for the moment when you can sell more expensive

I don’t think so.While I imagine that the moderate and continuous lessening of crypto costs is in an extensive part caused by previous venders in part re-entering the market, they are surely not going to return in all that they got the money for out, and this movement is likely going to decrease.With that happening, crypto is going to be falling faster.

It could happen that it was a whale attack, because I know with a huge price drop and make panic sell and after that the whales can buy with much at a cheap price.

It is really hard to identify whether it is whale or not. But I think that price up/down is a common part of any financial part. And as a result, it moves up and down.

I don't have any clue either why the price seems stopping to grow. Bitcoin's price is now lower than the usual which supposed to be many investors will horde coins because these days are the best for buying, but why the price are not soaring high at least in a short period of time? This means that investors refuse to buy despite of a great opportunity? Sounds strange ???.

For this reason, i somehow believe that whales are controlling the market. Maybe they are waiting more a little longer before buying (just an opinion).

i don't think so it's Whale attack on market price of cryptos. It's normal price up down to me as things happens in our market. so don't panic my mate. ::)

I think so whales are on watching mode they are ready to have a move to changes the price of crypto but they cannot manipulate bitcoin.

yes right now the price of bitcoin is going down, I don't know what happens with the bitcoin, but I think bitcoin price going down and going up is normal because if there are not changes price I think bitcoin is a crisis, the price of bitcoin going up and down shows me that bitcoin still have a demand and stock in the market

big or small is relative in a trade, we need to understand the price down because of many factors and so on.
I think if there is a word that can describe this incident is a lightning strike during the day
for a moment to panic and then walk away

Yes I will agree that the price of BTC has fallen down since last few days. But I think you should not lose hope because I believe that it is a down fall before a big movement. Soon the market price will rise up.

No. I dont think so that it is a whale attack. There is always ups and downs in crypto. So its a natural part of it. So dont get frustrated.

bitcoin prices do have a drastic decline, but keep in mind and we can see from year ketahunnya bitcoin increase if we only see per day we will see the price drop

There is the possibilities of a whale attack but if this is the one that cause the dump then it won't take that long. That whale can cause some few panics and he will try again to buy at cheaper price. Rinse and repeat.

Guess what, you never gonna find out.

Long term fundamental for bitcoin remain the same (limited supply, innovation will make it faster = lightning, it has not been hacked etc.).
I think its a combination; price manipulation (because it's not regulated yet) and less FOMO. Once the SEC (US regulators) starts to find and end at least end  some of the manipulators it might kickstart into a global regulatory framework. Nobody likes regulation, but in this case I think it's good because what's happening with the price right now (if we assume it's partially caused by manipulation) does not help to grow the entire crypto industry.

To put things in perspective; btc was 2k last year same period, so eeeh...we're not doing that bad :-)

I believe that possibly there is some point in your musings about the whale assault. Be that as it may, I don't imagine that this fall will be for long and will bring about something extremely genuine. As I would see it, it won't vacillate much soon. But the market will change soon.

There are so many reasons why bitcoin or crypto price was getting down,like fud news or some news that indicating bitcoin was scam,and also as you said a big whales they really affecting the price of bitcoin if they sell or buy so im sure moving market its because of currently happening in our environment in crypto.

if I do not believe in whales, because Bitcoin is owned by individuals. But it can be said yes this is the act of the Whale, because I see the market is in the pump and in the dump kn just like that. such as price manipulation by a particular group.

and many Cryptocurrency telegram groups say this is whale-shaped, so what else?
just enjoy your life with a cup of coffee, because Bitcoin knows where he is going to go :)