Bitcoin Forum

I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?

I think that's quite possible.

If earlier the price of bitcoin was 20, 000 dollars.

If the price falls by 95%, bitcoin will have a cost of 1, 000 dollars. And this is quite real in this mood of the market

indeed it seems like that, crypto prices are currently depressed, and I think it takes quite a long time to recover.

I think people are dumping to create a FUD so others will dump to and they can fill their pockets cheap for the next bull run because I think the price of bitcoin will indeed reach 100,000 dollars and more but the only question is when... so those people want to make big bucks and sell for a fortune. If I had the money to do this I would do it aswell... but unfortunately I dont so this is more proof that we need more decentralized money... more people need to own bitcoin so nobody has so many bitcoins that he can dump it on the others... but this is just my 2 cents.

Being a decentralize currency this can possibly be controlled by those whales that owns huge amount of bitcoin as they can create FUD that will panic the weak investors to sell their bitcoin to make the price lower and then they will buy at lower price. This is same principle in traditional investment as those who owns bigger shares has a control the market.

crypto can occur with an unpredictable increase, you can see the history of btc increase last year from $ 6000 can continue to increase to $ 20k, indeed this year is very different but we remain optimistic

I do not know, but it's possible. Market value is still too low for giant business people.

We call them "whales". They do all that they want due to their resources.

There might be the possibility of a cartel behind it. Because the price of BTC has been in a dip for quite a long time, which seems unusual.

If you look at it objectively, you can see what is really being manipulated by the market, and most likely these are people who are engaged in bitcoin mining.

Sounds possible and the cartel might be the whales which has been manipulating the crypto market for almost 3 quarters now. But basing on last year's bitcoin alts performance it can be disputed because cryptos soar during 4th quarter. It can also be concluded that the dips are caused by the negative issues thrown at cryptos.

if there is huge money, no matter what kind of investment is, there are big bosses who control the money.

my opinion there might be a cartel that holds a large BTC coin so that they can affect the price of the coin.

this can be an effect, I think btc can be influenced by big money, maybe cartels or big investors with networks and connections in cryptocurrency can have a huge effect. so I think anyone who has big money can affect the price of any BTC.

There might be a manipulation but a crypto cartel? I doubt it. If you are in for a quite some time now you will hear people talking about price manipulations. But I personally believed that no whales is collaborating with each other to bring the price down deliberately.

in my opinion cartel do not exist. there are only a large holders биткoинoв, the so-called whales. they affect the price of his massiveness

Do you have a link to said article? I don't think that using cartel is the right word to describe this situation, Yes I agree that there are some companies manipulating the price, But a cartel is not that strong to have any significant influence on the price.

In my opinion, I don't think there is a cartel of coins that are suppressing the price of bitcoin. Bitcoin would always remain the amazing cryptocurrency that we know of, I believe the drops in prices are always caused by negative news in the media that scares people off and eventually they engage in panic selling.

No, not really but you should start polling.

We should call that the paranoia index.

Sure the banking cartel is mostly against us but they are impotent and unimportant. The price is dictated mostly by exchanges between individuals.

The banks and governments can try to use the media and the justice system against us but they can't block progress.

Firstly, it doesn't seem realistic even if we take into account bearish general trend. No matter what kind of news appeared and how panic sellers were acting, bitcoin's price hasn't fallen below $5900 since the ATH. I think that approximately $6k is a price the vast majority is willing to pay for bitcoin. People are not selling it at lower prices regardless to global FUD, and this price cannot be ruined, unless something really terrible, like World war 3 or quantum computer solving cryptography puzzles instantly. Now to the second point. Believing that there is global conspiracy in any field is just trying to find who to blame for all the things you did wrong in your life. Everything is up to each one of us and no secret group can have global impact on major things.

It could be manipulated downwards by a smart crypto whale who wants to attract big game players. These institutional investors do not want to join at the top so they will want a lower price point, hence whales pushing down the price to bring them in

Well, it could be possible that there are group of people who are controlling the market. Despite all that, we should be sticking to our strategy and pick up the pieces and traces they are leaving behind. Think like the whales and anticipate their moves so that we can win against the market. Do not be too greedy of your profit and if ever you needed the funds, there's nothing wrong in selling.

you have heard and have not shown evidence, we should not make that kind of comment without proof because this can generate fear in people who want to buy bitcoin or who are holding bitcoin. If you have some evidence then post to this thread, but if you have no evidence then in the future avoid posting this type of topic


Proof?


I did not see proof, so I will avoid commenting.


1, 000 dollars is quite real? You're kidding, right?

Please keep hearing,if you have the proof that a cartel is actually regulating the price of bitcoin,I can believe you,with video and voice recorded..

For real? Video and Voice record? That's funny...
Well, cartels definitely exist and they are called the Crypto whales....those who hold any amount of crypto currency in any large volume are definitely capable of manipulating the price to suit their aims and agenda....

The astronomical rise of btc to about 20000$ and then an almost immediate crash to 6000$ definitely had the imprints of whales all over it.... And that's your  cartel right there!!!

It is possible that those with large quantities of bitcoin can come together and manipulate the market. Blockchain technology is fully decentralised but it seems most people blame the whales for the rise and fall in the price of bitcoin almost every week since they hodl huge quantities of bitcoin.

there has been manipulation for sure and there will always be manipulation and what you can call "cartel" in every market that will continue trying to change the market in their own favor but you can never say they are controlling the price enough to be suppressing it. bitcoin may be small but it is big enough to be able to resist these things.

Yes and it's possible it could happen because there are lot of potential manipulation by some well rich people who could do that and i think it's really happening. Volatility is not the only reason bitcoin may changes all the time and other reason is the suppressing  of price of bitcoin to benefit others such whales to have more profit that everyone else because they can dictate what would price would be.

I don't believe that  cartel from any quarter can manipulate bitcoin to that extent. Let us remember that the major determinate of price is demand. The higher the demand the higher the price. Though spreading some FUD news can influence the price.

It's completely impossible to find out if a cartel is determining the prices. But I personally think that a group of people are manipulating the prices. The big prices changes is not normal. Some people believe that the price fall from from 20000 dollar to 6000 dollar was normal. But I don't think so. Because I doubt go health of that price to 20000 dollar too.

he is a big whale, yes, whales are always there to make very big waves. make good fluctuations, and make us profits.

they are very confident in bitcoin, even they are able to dominate the market, and he makes other investors panic when buying, so many investors add more assets.

It's a new ASSET CLASS

Valuing it against existing asset classes will continue for a decade.

It was valued to high to quickly last year by many speculators.

Even when it gets back to $20k it will be undervalued over a 20 year period.

People bouncing in and out of bitcoin for quick gains will always be "involved" in bitcoin. That doesn't change the fact it's severely undervalued and will continue to be for a long time.

FTFY   ;)
    
Do You Believe that there is a Bitcoin cartel suppressing the price of Altcoins?

I think it is not a cartel but those whales maybe. What I think is there is a club of people with a lot of bitcoins and maybe they decide on when dump or buy to control the price.

I can believe it might have been possible in 2010/11 when the whole thing was minuscule. These days it's so spread out and there are so many different people involved it's impossible. Individual moves may be coordinated but there's no way of predicting the effect. It might be gulped by competing groups.

As with all conspiracy theories, it's much more comforting to think there's one little group of wizened men around a table dictating moves. The reality, that it's a chaotic shitshow where no one has a clue, is much less appealing to most people.

Of course every market will have cartels, mafia, big players, whales, and so on. they have a big influence on the market, but that doesn't mean they have full control on the market. especially if the total of users in the market is very large. of course the one driving the market price is not only the cartel. but every individual users

     
        No, i don't believe on the above question as stated, there are a lots of indicators that may goes with the determination on the price value of Bitcoin as posted in the market, Volatility of the market is one factor, it is unpredictable on the market movement during the trading, the fundamentals, market structure, and the consumer's behavior or confidence towards Bitcoin, not to mention the Volume of the investment made by investors.??

I mean what will be the purpose of those cartel? To monopolized the market? C'mon this is 2018 already there are millions of traders around globally, so its going to be hard to control this market. Going back to my question, they wanted to manipulate the price so that they can buy and hoard a lot of coins? That's how supposedly a cartel works, but so far we haven't seen anything out of the extraordinary to say that they can literally control the price the way they wanted.

The quote it simple possible if Bitcoin price will going to fail 90%+ then Bitcoin price goes to big down 3000$.if 90% will going up then 15000$ can be up Bitcoin price I'm sure.but I see coinmarketcap for checking Bitcoin price but now still 6400$. Actually not bad think in my opinion,in this end after 2 month.so have good little time more I hope Bitcoin price will go to 10000$ cross up.

Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?

first of all it is not because of size of market cap but instead the size of the market which is basically the order books on exchanges. it has absolutely nothing to do with the market capitalization!

secondly "control" is a big word. nobody can control bitcoin at this point, they may do it with most of the altcoins but bitcoin is big enough and already has enough investors in the market that nobody can control it. "influence" is a more suitable word since they can influence the price and intensify some trends.

What about all the other 'groups' they just sit there and wait their turn? The idea is silly. It's a free for all and an ever changing one. One entity may initiate a move. There's no way they can retain full control of it until it reaches some predetermined conclusion that suits only them.

There will always be manipulation to a certain extent. The rich are the ones who can only do this. The simple investors, even pooling together, cannot influence a market that is in the billions of US dollars. While I think there are market influencers present not just in the crypto market but also in the stocks and in forex and in any market to be exact, they cannot dictate everything. Especially in crypto.

I am sure that there are people who manage the price of bitcoin. They manage it in such a way as to primarily benefit for themselves. I think that these are large investors who by their actions can really change the course of this game.

In fact, it is the influence of rich people on Bitcoin is very large. We underestimate their actions. They carry out their manipulations when it is convenient and profitable for them to do it.

Well, other groups doesn't have to wait, it's more pretty obvious that very rich people can easily move the market. isn't people saying 10% of the market cap is actual amount of money that has gone into crypto?
do you relaly believe noone is moving the market whichever way they please? Bitmex seems capable of moving the market to liquidate as many people as possible.
It'd be naive to assume that the market is free I think.

For sure there must be a crypto cartel, in every platform there are always cartels but can't talk about suppressing the price.

I think that there are many groups working for their own goals in this market. It's even more clear with altcoins like BCH. Roger Ver is trying to belittle Bitcoin and pump his BCH above it and at the same time Craig Wright tries to take control of BCH from Roger Ver. Even altcoins have their own influencing groups.
Bitcoin is being suppressed for sure and I think that it has something to do with Wall Street and regulations.