Bitcoin Forum

September 4, 2018

"Hey look at them sheep, they are holding firmly on their coins. Let's make some FUD news about Goldman Sachs or another ETF rejection."

After four days.

"Job well done. Time to buy the dip! Plus schedule the next FUD for the sheep."

April 2, 2019

"Look at those plebs waiting for the capitulation, and hoping to buy Bitcoin with a very high discount. Let's buy on market price before them to cause a rally and make them feel the FOMO."

8)

Probably there some truth. However, I believed that what's left is whales and more of speculators, weak hands have already moved out and exited long time ago, probably around the $10K mark. I think its a combination of manipulation from whales and bots and day traders that caused another dump follow the Goldman&Sachs FUD. From $6400-$7300, its already a huge money to make assuming that you have invested a minimum of 1 bitcoin during that time/price frame.

So its gonna be a rinse and repeat specially leading up to end of September with the SEC decisions looming. There's a possibility that FOMO will enter and the bull trap will be set up for them by the market manipulators specially if the Van/Eck Solid X get rejected (most likely).

I don't really buy the theory that the market is a marionette whose strings are pulled by the few fingers of the puppeteers...

But I actually do believe that the whale-cumulators are there, and prompting gently, casting out chum over the waters. It's all the little fish that bite that are triggering all the reactions. The news headlines, the Op-Eds from industry leaders (and dare I say, influencers?), the social media and forum sentiment... that self-fulfill the desired outcomes of these guys.

They can't control the market directly, they don't have the resources or coordination required. But they have influence, and since it's mainly sheep populating the space, it's pretty easy to prod and watch the dominos fall.

I do not think couple of whales came together to make a news about goldman sachs so they can make couple million dollars.

Look at the volume of the exchanges, there has not been a movement at the size of couple billion dollars, if there is a couple billion dollar movement in any direction it would have affect the price insanely all by itself anyway. Goldman sachs is one of the biggest investment banks in the whole world if not the biggest. If there is no couple billions involved and only changes are couple tens of millions of dollars, that profit from the FUD is not big enough to make it worthwhile for such a huge company.

Oh my God!  See this playing out and the most painful is that we would keep falling victim of this because of greed and inexperience.  The whales will forever makes money as far as we allowing them by believing in this FUD.

To me, it's entertaining. I now like to see such situations, even if I am losing some money at a point. It's like a soap opera like "The Young and the Restless". The psychologists like to say, once together, people have the same mentality as a 5-year-old child.

At a time I liked to compare how big is the FUD and how the market reacts, but it's difficult if you want to make some stats because it's not easy to estimate how big is the FUD so I gave up. I just watch the fun.

Something did happen this time though, have you seen those shorts open on Bitfinex a few days before the dump? How can you have so many shorts opening and no movement at all in the market? Really weird stuff, looking more and more like someone doing it knowing a dump was coming, opening shorts and longs at the same time so he basically can't lose.

If these theories are correct then they should be seen as a positive for long term holders. These whalecumulators (like the name, good job) would not be going to such effort to get btc around the $6000 price range only to then sell it around $8000 when they let their stranglehold on the market go and allow things to go upwards. It would not be worthwhile. That means a lot of money is in for the longer term and a price significantly higher than where we are now.

In theory yes, in practice probably not so much. There are definitely whales out there accumulating bitcoins during these times but even if the theory is correct and it is good long term, most people will be gone by the time the next bull run happens (if it even happens) and you don't even know if it's actually true or not, at the end of the day whales can profit from shorting as well so they don't necessarily need the market to go up.

Let hope will not do to bitcoin what they have done to gold many years of price suppression.
At least something is positive , that Bitcoin is considered similar to gold as a store of value.

The Goldman Sachs "news" is nothing more than noob-bait. It had no effect on the market.

Why is it so difficult to understand that smart traders just sold another lower high peak? It was bound to happen and everyone here with common sense could have made some money on that decline simply by going short.

Another thing is that whales don't have to accumulate spot market Bitcoins nowadays. They accumulate profits on platforms as BitMex and Bitfinex by simply buying or selling into their own orders and have their longs or shorts cash in. There is little to no collateral damage due to the absent activity of get rick quick noobs and other lunatics that usually turn this market into a roller coaster.

Whales win if the weak holders easily doing the panic selling, probably the theory was right they just continue making a FUD news by goldman sachs to make market worst and accumulate profits from their investment when the market drop too much and coins are very cheap to buy. Probably this man making FUD news has a big income from the whales, and I believed that he continues doing this repeatedly.
Influencing weak people is a good strategy for whales because they did not directly manipulate bitcoin to control the price and hopefully let's not make this happen.

I'd wait until we make a higher high and start trending upwards before assuming whales are accumulating.

Maybe whales aren't actually buying the dip here. Maybe this is just a weak local bounce before we test $6,000 and beyond again. The price structure is still a tight range that hasn't broken yet. It could break downwards.

Which would beg the question.......which dip? :P

that's only true if you assume there will be no more adoption and those who have adopted bitcoin are going to give it up! which is obviously not true. at this point it is about accumulating while also making profit by repeating the same process within the same price channel as many times as possible.
other people aren't buying bitcoin at this point because everyone is mainly waiting for the ETF thing to be clarified before they make a new decision and it is partly due to greed of wanting to buy cheaper bitcoin when ETF is rejected and price possibly falls.

No I didn't, but it's pretty common anyway at least in the past 6 months. Every decent climb followed by big walls of shorts, simply because the pattern of rising before dropping is too tasty to resist, and so far, it's been working - just like in 2017 when drops were quickly followed by fresh long orders. It worked then too, just as shorting seems to be working now. And then when/if the pattern shifts, those who thought they would gamble will get caught out. Those who are careful will realise the tide has turned. Don't really feel it's that weird.


Yeah, and remember when price seemed to spiral out of control once it breached 4k? People were regretting not being able to get more. People like me were somewhat cursing that I didn't even have a full Bitcoin. So this situation fits both users and holders perfectly: time to accumulate, time to develop, consolidate, spend and build economies, without worrying that price is going out of hand.

I don't know about ETF either, but if that's far away in 2019 and if it effects price short term, it still impacts little on users and holders.

The WHALE-CUMMULATORS are very repugnant people. You should not say those things or they will stop the FUD after this dip, and start the FOMO campaign. They will make you believe that you are missing the biggest move of all moves that will make all your dreams come true. 8)

They are here. They are reading this thread. Wave at them.

Very much agree. I don't agree with the supposed strategy that these whalecumulators are taking because of what you said. I think it's a dangerous game and it could force out potential people from the market and harm their investment in the long term. In terms of shorting. That would only work out if they didn't have a bunch of coins already. They could use their stacks to push down the price and profit from a short but I believe the profits would be largely outweighed by the losses in selling at low prices.

They don't need to make any FUD just short bitcoin with some hundred millions of dollars on OTC in minutes and mission accomplished, then people will try to find the reason of the drop and Fud is created form the sheep themselves

That is how stupid these whales looks about us that were only a shit ,with just a fud and fake news affecting our outview.selling to cut losses mostly is additive to bring the value drops when the smokes started to comes out.i hate to say this but that we are being fooled and we cannot make good things out of this

But no. The WHALE-CUMULATORS want all of you to sell your coins. They want to hold as much as they can and have as much coins to hold for themselves before they release their FOMO campaign.


They use the small part of their "stacks" to push the price down in the begnning, but the rest of it is done by us sheep who believe in the FUD.

I would not say the weak hands are totally out; I would only be ready to stick with that when we finally hit a stage that we consolidate for a while.

In between this process of the market being in a downtrend, I also want us to know that as the market is moving up which most of the time is instigated by the whales, they can drive it as much as they want to and still be making profit from it each time and then go all over again, so it is not a matter of one day thing.

Weak hands will always be in the market, every single day, so many people ask questions and show their level of frustration even on this forum, and I won't be surprised if we get to see another quick pump, they start having the feelings for moon and then the market goes down the more, they panic and they sell out at loss.

Every of this process is being utilized by the whales to keep gaining more and the major reason why only when this market moves out from the speculative zone, before we will get to see this reduce.

;D ;D ;D A rinse and repeat process for them.
A way with this is simply by trying to see how much they can drive the market down for their own gains and the crazy thing about it is that, at every point they keep doing this, they keep making more money. That is how the speculative part of the market is really helping them to do whatever they have to do to keep directing the flock to where they please and in this case, they feed off the weak hands.

You cannot ignore the fact of what most people's sentiment that alone will decide the direction of markets. When the weak hands grow rapidly in numbers and moreover when FUDs are well-packed to convince the firm believers of bitcoins, I am scared of these repeated processes :o.  

Regardless of whether or not these news are made up by whales, it is fairly accurate as to what the general reaction of the market is to news.

Sometimes these news aren't even relevant to the long term potential of bitcoin, or even the bitcoin network itself. What Goldman Sachs are offering here are literally just another bitcoin third party product. It's no different to the decision of the ETF, which pretty much no one cares about now.

Also, regardless of whether these negative news are intentionally put out, it does put irrational FUD within the market. We know that we're in a bear market, yet some traders in the market seems to panic at some completely irrelevant news? Accumulation over time is the best strategy in a bear market like this, not getting your emotions affected by negative media coverage and forgetting about the long term potential of BTC.

I think you're right, it's just a very precarious line to toe. If they push the price slightly too far they could topple the market and then their future FOMO campaign may not be effective.


Makes sense. I guess also they can use leverage to make shorting even more profitable. Of course that's assuming that they're able to get leverage on such large amounts. I would be really interested to actually get an insight in to how their system works and just how well it works out for them. I hope that one day when it's all over some details about it might come out. Things such as how much money it takes to move the market by x amount and how much they could reasonably expect to profit from that.

Have the whale-cumulators capitulated big and small investors finally? Yes, more obituaries are coming, https://99bitcoins.com/bitcoinobituaries/ 8)

"Bitcoin is dead", more FUD is also coming when the DOJ investigates the "market manipulation" that took place for the last seven days.

Good job whale-cumulators. Good job.

Well at least, (if we follow the whales' theory) we know they will soon or later "Make Bitcoin Great Again". Indeed good job, giving the opportunity to everyone to get cheap coins and hold before a new rush. The question now is when the BTC price will be low enough and when the reverse is supposed to start. >:(

in a way that is a good sign!
if you look at the history, specially the 2013-2015 history that everyone loves to quote these days and say adamantly that it is being repeated, then you can see that whenever bitcoin dies according to the FUDsters that is like the signal of the end of the drops. basically when everyone has lost faith and are so desperate about bitcoin (ie. $200 of 2014) the rises begin.

You are talking about capitulation. Yes, the whale-cummulators are working hard, and giving it everything they have, to make the "great capitulation" a reality.

But I believe we are not near that stage yet. The whale-cumulators might want the same level of hopelessness as the great depression to take place in Bitcoin.

This is the scenario they wanted it to be.  The hopeless Bitcoin looks the more people getting frustrated and shaken until they sell them all.  More supply means cheaper price.  Then with the depression and hopelessness of the scenario, buy wall will then be removed so the price will get lower,  while manipulator slowly accumulating in the process.  This is actually a brilliant strategy to get more at a cheaper price.  I agree we will see more of this before the possible catalyst for Bitcoin bull run launch (BAKKT).

If enough people believe that we're not even close to that stage, they'll dump as soon as they can, which is happening right now, and we'll see a sweet green candle pretty soon.

It's quite unusual to see one straight fall going on for this long without at least one solid bounce back up. I'll step out of my comfort zone and try to make one large purchase very near the $3000 mark. Grab your chance.

I'm usually dollar cost averaging my entry points, but some times you have to let go of your conservative nature and take that extra risk. Bitcoin right now isn't any different from what it was at $6,000.

That is very good article about current sell of
Anybody has to read https://medium.com/@tradingroomapp/analysis-of-current-sell-off-7420d80aa1a

And you can also read news about BTC to be legal asset in China
https://www.btcnn.com/cryptocurrency-news/bitcoin-news/china-lifts-bitcoin-ban-individuals-and-businesses-can-now-own-cryptocurrencies-legally/

But some people prefer to scream btc is dead btc to 1000K etc

But we will not see a "sweet green candle" anytime soon. I believe the whale-cumulators will manipulate the price to stay down too, until all plebs' hopes are gone. They will make you believe that the bull market is coming, and then crash the price, over and over until everyone is very frustrated that it will make us leave Bitcoin, and invest in bonds or gold.

It is not that difficult to understand that there are no whale-cumulators that tries to keep the price low right now to drop the price further. The conspiracy theories do not work on something as transparent as bitcoin because we can see every single move that is made.

We know that it is Craig that is selling his bitcoins to fuel bitcoin cash satoshis vision coin that he made up, hence the reason for the fall was the millions of dollars he has sold to the market in order to make that money make. He supposedly has over a million bitcoins so it is not weird that he can afford to sell it. Also the people are panic selling because of the price fall. Take all of that and put it into the fact that the volume is low because people are afraid of buying right now; you get low priced bitcoin that can't go high.

Weak hands threw away their shares to the market. Those who have fear and shaken about the dump of the market will regret when market becomes green again. Of course! We should know already that whales are voluntarily and involuntarily affect the market. The market will continuously dip until there is a positive news that will trigger the investors to buy crypto again.

I have no doubt that whales use their power to manipulate the market from time to time but I do not think they create fake news, what they do is to wait for the perfect opportunity and then when they see the market going down that is when they decide to apply pressure and make the price go way lower, then people get scared and the price is reduced even further and then they take advantage of the low prices.

What the WHALE-CUMULATORS are saying if they noticed everyone is waiting for a capitulation.

April 2, 2019

"Look at those plebs waiting for the capitulation, and hoping to buy Bitcoin with a very high discount. Let's buy on market price before them to cause a rally and make them feel the FOMO."

8)

They are saying bitcoin is going to 2500$ or even 1200$
Now they are saying bitcoin will pull back to 4000$
Maybe it was still 1 April on some hemisphere