Bitcoin Forum

Yes, we all have seen some kind of drastic price fall from last few days. As a feature of financial instrument I think this is not so unnatural. And so I do believe it will be back shortly. Your opinion will be highly appreciated.

I suspect there has been manipulation in bitcoin. And recently there is also news that the US Justice Department opened a criminal investigation into the possibility of market participants manipulating the price of Bitcoin and other crypto currencies,

The investigation includes an examination of spoofing practices, in which an investor makes an order intended to manipulate the price of an instrument, and flood the market with fake orders.

I have read some ideas that it's the   future's market(?) fault, basically if alot of people bet on btc going Up, then those market controllers like Bitmex simply move the market Down to liquidate people.
something along those lines. considering a lot of volume is related only to people going through bitcoin for altcoins, it means there's not necessarily that much resistance when it comes to moving the market up or down.
it ruined the market!  >:(

This is the first time that I have heard of this. But if it is the case, and there clearly is a manipulation in the market, then there snall fishes (holders) can do nothing but wait until the game of market manipulation is over. I do agree with you thatbit is affecting the market in a very great deal.

I also think that soon the price drop will stop. This year, the price drop is too long. The price on the market can not always decline. The price increase should begin. I hope that this will happen in the near future. I also hope that the price increase will be intense and long-lasting.

Decline and growth is normal for the crypto market because it is not regulated.

2016 didnt drop below $300
2017 didnt drop below $900
2018 didnt drop below $6000

so chill out guys. stop pretending $20k is the expectation of 'norm'... instead flip your mindset the other way around

those that stand at $20k and look down are always going to think the glass is less than half full and not refilling

those that stand at $6k and look up are always going to think the glass is filling up nicely, even if people are taking a gulp out of it

I'm no expert, but I really believe this is ruining the market badly,
as you said, we can't do much except hold - I'm worried this is stopping many people from entering the market, due to the extra volatility..
basically, this is only for the big exchanges like Bitmex's short term gain. What's the expression, something like 'killing the golden goose'  :o
sadly. I mean, look at the past few 'drops' - relatively stable for hours or days, then all of a sudden it just drops hundreds of dollars in minutes. (or goes up).

I found some text here if you're more interested: reddit thread (https://www.reddit.com/r/CryptoCurrency/comments/8aymhw/how_and_why_exchanges_are_manipulating_the_price/)
Here's also a bot reporting when people get liquidated on Bitmex (https://twitter.com/bitmexrekt?lang=en)

Some people really worry a lot. They forgot how much bitcoin really is from the start. Just having a consecutive weeks or even days of negative price they already stating/concluding that bitcoin will die etcetera.
Chillax guys, bitcoin is now +0.38% don't know if it will at least console you.  ;D

The market is not positive and since the beginning of may , the price of major cryptocurrency has been fallen and not all that stable. It may take some time for it reach it true price.

The price is eventually falling for few days. But, don't worry. It'll again start to rise up very soon and this is natural. The price will always continue its fluctuation. I know this is quite risky. But, people can make a lot of money in the long term.

https://www.newsbtc.com/2018/05/23/look-no-3-icos-watch-q2-2018/ (https://www.newsbtc.com/2018/05/23/look-no-3-icos-watch-q2-2018/)

2018 people think that if Bitcoin price is not $20,000 then Bitcoin is crashing and. They think $20,000 is the standard, not not say the minimum it should be. Personally, I am with it right now and I am more interested to see how the adoption is going, with the technology behind.

I somehow believe this kind of statement. I do also agree on what have you said above. I dont know what really causes for the price to drop this far , it maybe a manipulation by whales or any other reason? But i know one thing for sure , bitcoin can always recover no matter what happens because bitcoin is the future of money and its adoption will soon become wider and bigger.

From my perspective i think price fluctuation is a common think for crypto market. In recent times price fall down very quickly. But i think in recent times price will be increase.

although all falls are not unnatural but this current downtrend that we have been experiencing doesn't exactly categorize as the most natural market movement ever! there are things that can not be explained about the current trend. many illogical drops/dumps that happened in the recent past and could only be described as manipulation. 

Its a bitter truth that the price of the coins has been drastically fallen. I think its quite obvious that it will happen. Sometimes the fall of the price is much bigger and sometimes is less.

This is mot the first time that these kind of price fall happening with the crypto currencies but now it looks unnatural because of the amount looks huge but when we compare it in terms of percentage it was happened earlier too.yes these are just temporary so the prices will rise again sooner so keep holding your coins to make more benefits.

It is natural in crypto market because currently supply and demand is low in the market so price also down but again it will going to peak in the market. Many whales are selling the Bitcoin and buy some altcoins so automatically some cheap altcoins are going to moon in the market.

Great news at this moment becayse the price of the bitcoin increasing again from $7100 last few hours ago to $7400 as of now and I think this is the sign that bitcoin price will become 10k dollars or more in the next month. We need to buy more bitcoin and keep holding our bitcoin to continue the price increasing because if the price high again we will gain more profit.

Everything is temporary in the crypto market so the price dump also just temporary and soon the price may bump.But now there is a huge spike in the crypto prices that few minutes back so this might be the the end for the dump run hopefully.But we all are waiting for the bitcoin price to reach $10K because it is like a psychological barrier for everyone who are still afraid to invest on bitcoin after the crash from ATH.But we still can make money by investing now.

And its going back now,look at the market seems tobe greenfield again.

Many issues has been thrown again in crypto specially bitcoin thats why investors got scared and no choice but to withdraw their funds to stop the loss.this is the problem in volatility if a large of fund withdrawn the effect will multiplied in market

of course the bitcoin price will soon start creeping back to its high value. basically bitcoin is designed to experience deflation, if other currencies recognize inflation or a decline in the value of a currency, it is different from bitcoin, bitcoin only recognizes deflation, or decreased bitcoin production that makes bitcoin rising. IMO situation now is not a big problem for bitcoin back victorious, look at the market keeps pumping prices for the price back up.

I also believe that the prices will rise back again. Many believes that this atmosphere in the market is solely created by some investors on purpose. Investigations are going on. Let’s see what happens!

Prices are moving down right now obviously. However, there are absolutely no reason to panic. I don't think that anyone could have logically expected bitcoin to be back within a bull market this soon. Usually, the next bull market comes 2-3 years after the prior one, and we have not consolidated enough to be within the timeframe of that imho.

A fall from $10k to $7k is actually not that bad at all, considering that it is expected.

There is virtually no point in panic selling at this point and every reason to buy (if you have the means) and hold onto your investments. That's my personal take in this bear market.

Yes, the whole market is experiencing a slump and I think there is nothing to worry much about this. The price will bounce back soon and if the price of bitcoin can be improved others will go up automatically. So don't worry. Good days are coming.

This is true. But I believe that it will not stay for long. Price may go up or down. But this activity can not be the parameter of its prospect.

"it will actually be back shortly " we should understand how this market work and the ways price move in financial assets.  The price cannot continue going up and at the same time it will not continue going down. However the two (bear and bull)  give us the traders an opportunity to buy and sell based on the prevailing force.

i also believe is't natural and everything will be fine again in very short period of time. so have pariency for a while and don't panic guys.

I know we are still believing on bitcoin promises which is it will stabilize again , but unfortunately because of being so volatile and unpredictable and due to some factors that always happen nowadays in the market as well we're gradually losing hope on it. But let's accept the fact that it will exist always and no one can stop on it..And the good idea for it is to ride it which is keep holding 'cause it will stabilize again and again 'cause that is the fact. instead of panicking because you will end up to regrets always.

Recent joiners are quite a bunch of parasites. In no shape or form do they understand how this market works, and that the price 99% of the time is far ahead of Bitcoin's utility value. Corrections are nothing more than the price adjusting to levels closer to that utility value, and there is nothing wrong with that. At the time the price reached near $20,000 levels, the market was ~70% overvalued, and we nicely closed that gap this year.

If people really think $20,000 was a well justified price with exchanges almost choking to death, and the fees reaching all time highs, they are nothing more than fools. The insane usage peak was good for one thing though, and that was exposing how weak the crypto ecosystem really is. I doubt it has changed much right now. I hope that the next major bull run will stay away for a good number of months, all to allow this ecosystem to recover and make sure they don't suffer as badly as they did last year.

Yepp I pretty much agree.
We rallied so hard last year, that some serious cooling down was more than obviously to happen.
And imo we are doing really good at the moment in terms of price. And we should take advantage of this down phase. Buy whenever you can!!
In 2 years, with the next halving taking place, 87% of all coins ever will be mined! 2 halving later, 2028, 97% of all coins ever will be mined.
So any price right now below $10k is a good possibility to buy if you plan to hold for a long time.
And although another bear market like 2014 is theoretically possible, I don't think we will be bearish that long. The fundamentals compared to 2014 are way too different. After Mt.Gox almost everyone was scared that Bitcoin could die, as Mt.Gox was the heart and center of all trading.
But this time it's different and the fundamentals couldn't be better.

This is normal in the market, and you should not worry too much for current prices, be patient the market can definitely increase again and it's just a matter of time.

The recovery from the crash apparently is going to take some time. It reminds me of the crash back in 2014 when the price fluctuated an meandered in a low range for a while. For over two years the price bounced between $200 and $600 for most of that stretch. We could see something similar but this time there is more awareness of Bitcoin, so it may not last as long.

You're right when you said the current up and down of the crypto currency is so unnatural because the cause of the current market drastic price fall was caused by the whales which flood the market a couple of days back and i think they do that so we could buy dip before another all time high price which i guess will start from next month.

Nothing is permanent here so we can expect the price to go higher when the current condition of the market is good or it will drop again but not crossing the price of 6k - 5k base on the predictions of some people on the internet because it is a prediction after all but they sounded like it will surely going to happen without considering the facts about the market history on the past and it was overhyped last year that's why it got 20k in a short period of time.

I do not see anything abnormal about the way the market is moving either, it is true that we are witnessing another decrease in the price but it is likely we recover the lost ground in a few weeks after all I'm not seeing any kind of big news that should cause the market to crash, so this is nothing more than the natural movements on the price of bitcoin.

Yeah, it is a market and we all know for real that every market is bound to always fluctuate and being that this is a decentralized market, it even makes it highly susceptible to even more volatility at the end of the day. As long as we believe in the future and the potential the market brings though, investing now and looking forward to that future will really not be a problem.

Moreover, many people would never stop disturbing themselves with respect to the short term trend, instead of looking forward to the long term.

So far this issue of market manipulation has no hard facts or evidence that this is actually happening this are all speculations. The only constant with cryptocurrencies is its volatility.

Yes is not unnatural but we can't avoid this drop moment in the market even a lots speculation,fud  news and manipulation I believe that everything will be back on track.

Manipulation patterns are obvious, but indeed, without actual proof we can't say it's actually happening, even though we for sure know it happens.

Think about it, if multi trillion dollar asset markets are subject to manipulation, don't you think the same entities will throw in some pocket change and play with Bitcoin in the same way? I think it's actually pretty foolish to not think there is manipulation going on. The market is heavily being manipulated right now, and this manipulation has been going on since the very beginning of Bitcoin being a tradable asset.

Bitcoin's market is extremely illiquid, especially in traditional market standards, so just a small amount of capital from institutions is enough to make Bitcoin go beyond the moon straight to Jupiter. If we also add that you only need to manipulate the price on one or two main exchanges, then they can even blast the price to Pluto.

Wow! Thank you for the links and additional information. Yes, I quite agree that the volatility of the current market is affecting future investor's movements. I think they are being more cautious than usual in putting their money on bitcoin because of its price. Just like you, everytime the price increases, I can't help but think that it will depreciate after a day or so. We can't even have a rally of days of green market now.

It is not just in the last few days but it is more than months since we are seeing that bitcoin price undervalued base on the ATH last year or we can call this bear market situation since it crashed for almost 70% whole crypto market was affected by the large crash, somehow Hoping that June was the start to gain more ups rather than crashes eating the 10k wall like a piece of junk.

This price retrace will continue. As the summer has come, people will go to holiday so the volumes will be lower. For the next 12 months I expect price to decrease.

it's really important that we all have to stay patient waiting for the market back up again as before, because in this month same month last month the market experienced an unimaginable decline. but with the time is not long certainly the market will be back in the original

Patience and expertise are the two main things for the investment in the crypto currency market. I additionally feel that soon the value drop will stop. This year, the value drop is too long. The cost available cannot generally decrease. The cost increment should start. I trust that this will occur sooner rather than later.  ::) I likewise trust that the cost increment will be extraordinary and durable

Absolutely. It's not really out of anyone's expectation that bitcoin has not performed as well this year compared to last year, because of the simple fact that we've entered the bear market stage of the cycle at the start of the year.

That's completely natural. What was unnatural was probably the FOMO buying that brought prices up to $10k. Of course, that was met with huge resistance and a pretty big correction, which is why we're here right now.

I wouldn't confidently say that prices are going to be recovering yet, but I believe that it's only a matter of time. Dips like these should be excellent opportunities to buy, when everyone else is panic selling.

People like to talk about the price being manipulated and it is probably that it happens but I think the scale is lesser than what people think, what we are seeing right now is completely natural and bitcoin has done the same several times already, each time the price of bitcoin skyrockets and it reaches an all time high the price crashes and then it needs sometime to recover during this period many lose their faith in bitcoin and sell for a bad price and then when they see the market growing again they realize they made a mistake.

Well it only seem as an unimaginable decline because we touched almost 20k for our all time high last december. That isn't a normal movement of btc and it's understandable that we're going to have a backlash after that. Look at the charts from a bigger point of view and you'll see that month per month, we're still growing. I just don't know how the last quarter would be though since that ath would be hard to touch again.

It is always going to keep being that way and that is how every market is fashioned, fluctuations! We cannot actually expect the market to keep going up or to keep going down as reactions are always bound to sprout in some certain cases and I do not even expect someone who is not a trader to be bothered about the short term and if the market goes read, that is simply more like the opportunity to buy and buy as much as they can for the inevitable reversal.

Yep. You are correct, the market will slowly gain and reach the highest price shortly. Crypto currency market is always volatile and for this matter all the money related market even the share market is volatile. Yu can see the past years trend and from June the market gets stabilized and will strive towards high price, lets wait for the market to give its outcome.

It all happen as a result of the serious decline in value of Bitcoin since in most cases Bitcoin is the major determinant of crypto currency market.

In more than months ago the price dropped about more than 70% and after that the price is at that place and now there is the fluctuations which is common in bitcoin market from the beginning. The price of bitcoin will continue to rise and fall at some intervals and in some time we will see some more investors coming and we will see a more increase in the price of bitcoin.

Market manipulation happens in all the markets we do not need to have evidence to know that it is happening if we had evidence we will have proof of a particular case but we will have no proof of all the rest of the manipulation that is happening, you just need to look at some previous confirmed cases in the fiat markets to know that the same is happening in the market of cryptocurrencies.

This is not new and up and down is the cycle of this market.  You either accept the nature of this market or loose money through panic sell and unreasonable buying. If slump happen it will always be the time to buy and if pump happen time to sell and the cycle keep repeating itself several time.

This is exactly the point despite the various onslaught against bitcoin especially from within the crypto space, the performance of all coins is dependent on its price at the moment. In the future this might change, but its not happening now. I have even come to realize that anytime the price of bitcoin should drop, the market is dropping so also when the price rises. The perfect reason for this, I don't know but I think the best thing is for everyone to stand together not bickering about which one is the best, which one is the real bitcoin, or which one is exactly Satoshi's vision, when this is done, efforts can then be aggregated to face the external force which has been raging its war and its expected to get more intense in the coming days.

As long as bitcoin is landing at the safety of $7,000 there shouldn't be a problem.

This is still a safe haven that is next to the lowest price that we've seen after it hit $20,000 and I'm talking about $6,000. We should get used to it and let's support bitcoin although it's a little bit of slow.

a couple of things here that you should not confuse with each other.
first one is that you should confuse "patience" that people keep repeating these days with "bag holding". for the past couple of months what has been happening among newcomers was that they bought a lot of different altcoins because the social media was telling them how good they are and now they are being lulled into having "patience" where in fact they are bag holding and losing money  every day.

second is what you called "original" doesn't mean anything. a certain price that happened before doesn't have to be the real value and coins certainly don't have to go back there anymore. in fact a lot of the altcoins will never go back up let alone going back up to their ATH in a bubble.

is it just about manipulation so the price is so declining? I do not think it's because of the price manipulation done by big investors who use the price reduction to buy more coins but the rise of new coins that cause prices to decline.

Yes, we are experiencing a price fall and many are getting worried and again the people who are against bitcoin are taking the opportunity again to make negative comments such as bitcoin is going to fade and it will die soon. Only a fool will listen to this negative comments that they are making but then again this has an effect to many investors especially the new ones.

Is it really experiencing a slump? For me ever since February which is over 4 months now it has been the same experience. Go up a little come back down and rinse and repeat.

It’s normal for FUDs to appear at instances like these. Then a bunch would bandwagon and leave a bunch of negative comments even while they don’t know what they’re saying. There are many who are gullible who believe these kinds of comments even if they are credible nor should not have any bearing. It’s sad that there are still many who get victimized and affected by this.

It will even take someone who is not an experienced trader or someone who simply does not know what manipulation looks like to come up with the saying that the market is not manipulated. I believe it is glaring enough for any regular trader and you are very right. The chart alone is even enough proof if anyone is looking for any.

I also agree with you on the fact that, bitcoin is simply a very small market for institutions to play with, most especially since it is decentralized anyway, which totally makes it even easier for them to achieve.

This is nice if in real means we are growing in regard of prices. Bitcoin is going to have may be little bit more hard times but at the end of the day, we all are going to see massive increase in the prices of bitcoin and its followers. I am still very much confident about huge increase in the values of bitcoin by the end of the December and this is why I am not inclined towards selling my bitcoin in dumps.

I agree that prices are very slow on growth since the great crash happened. But I think that even if prices go up, it will not be stable at that rate for long. Assume that prices go up, people will just sell and somehow it will drag the market down too. i is just a cycle that is why people should be aware of what crypto  can do or else, nothing will happen.
The range now is a bit stable. Everything seems to be so unpredictable and we just have to wait.

Yeah, not new at all and it is something anyone that has been here for a while now should actually have got used to. However, this does not change the fact that the market's future is inevitably going to be great and even though we cannot see what the future holds, at least, what we have now is enough to give anyone hope that the chances of seeing a superb market is still there.

Such slumps like this are always a good time to buy into the market and it is just funny that a lot of people usually love doing the opposite. Except common bitcoiners, I believe all the big institutions are making use of every dip that is the reason still they are capable of manipulating the market movements.

that's for sure, when the decline will occur after its resurrection, because I think the decline occurs when people sell the coins they hold for cash. and after this period, they will buy back or some people take advantage of this opportunity as the right time to buy.

Bitcoin downtrend we can see the market is at still going low and it is more than 4 months market is experiencing a bear market even after a lot of good news we can see the market is still experiencing Fud news effort

This is the reason the strategy to hold your coins should only be applied to the best altcoins and it could be argued the only coin that should be held for the long term no matter what is bitcoin, this is something that a person learns after a few weeks and months in the market if that person takes the time to learn about how things work around here, but if they do not they will make the mistake of holding useless coins.

That is the rinse and repeat we all keep talking about with whale’s manipulation. A way to keep doing it over and over, acquire more than enough and when they do, bring it down the more until they are fully satisfied and ready for another huge move to the top with new ATHs.

They have the edge, they can easily get this done since they call the shot on the market based on their position and capital and with this and since the market capitalization is still a lot low, it makes like peanut for them to throw around, most especially the institutions.

Maybe your correct it will be back in few weeks or stay on this level. The market recently has not performing good as we seen the price will easily goes correction with just a little ups.

I have seen better days of bitcoin and also seen the same trend right now i think this not new anymore but we know it will go up again and will recover soon. I have strong faith it can boost up soon.

its fine, that is what the traders like, most of the traders in the market do really like the volatility of the market because in this way they can earn more profit by just waiting for the prices to increase and decreasing depending on the market's demand and supply.

Yes this is common in the coinmarketcap, the price of the bitcoin is drastically decrease for past days. But still people are ready to invest in bitcoin. Because the price of bitcoin will have tremendous growth in future. This is dump is temporarily not permanent again bitcoin will recover and achieve its target. If you are bitcoin holder keep the coin and wait for price growth..

Yeah, that is something we have to get used to. It is a speculative market and we just have to accept that fact that a lot of people will always want to share their opinion irrespective of whether they have an idea about the market and trading or they do not.

Market though has been bearish for a while now and there is simply no doubt about that, but one thing for sure is that it would not remain bearish forever, and the only thing we can say now is to see how things would just turn out.

just now crypto market touched 6700 dollars even 5500 dollars is the lowest price possible so we can expect more dump untill it complete the correction cycle we can see market gets pumped

You want to say all other financial instruments that are regulated don't fall or go to red. What of stock market? are they not regulated, but we see it moving down each day.

And prices are so far from their all time highs across the crypto market, even top alts that made such good performance last year can't resist the bear market of bitcoin, it seems that bitcoin's influence over the market are still present. This could be another long bearish cycle although i hope not  :'(

It is true the whales are incredibly powerful in this market but at the same time they are not the only ones which are powerful if you are smart you can follow the trends created by the whales and enjoy the benefits, if you look back just a few months back there was uncertainty about the direction the market will take after segwit was activated, in fact there were many that thought the price will go down despite clear signs of the opposite, if you followed the signs then you earned a fortune in just a matter of months.

This is good advice but only on the condition that you can wait and not sell your coins when the price is below. How long can you wait? A lot of people have made income in cryptocurrencies their main and now suffer from the fact that they are forced to sell their assets cheaply. That's why you always need to have a backup option in the form of income in Fiat. Whales are very difficult to compete with.

You should never put everything in cryptocurrencies and if you have a job from which you get income without a need to touch your cryptocurrency holdings then you can basically hold for as long as you are able to endure this difficult market, some do not have a lot of endurance and have sold already while some other people knowing full well what the future of bitcoin can be will not ever sell.