Bitcoin Forum

Market has been sinking for a long time... although the news comming are mostly good.. and today a drop fo 12% of marketcap without a clear reason?¿?
i only can think about : market manipulation!

BTC is supposed to be decentralized.. but i heard some time ago, this just the other way arround.. 2or 3 big mining groups have a 90% of the supply...

what do you think?

dont take a look now at

www.coinmarketcap.com unless you have a healthy hearth.......

It is a right time to buy Bitcoin. So new investors are really happy to see this market and we are ready to move upward so we should wait and see the next week result. Because no one is expect this gradual dump in the market so we should try to create awareness in panic sellers. I hope Bitcoin will reach 10k USD in end of the year.

I think you're jumping too early to a conclusion. This might a thinking fallacy (ignorance fallacy). If you don't know, doesn't mean the answer is the only thing that you can think about. Maybe they know what you don't know :D

Obviously, there is no 2 or 3 party that control the 90% supply of Bitcoin. Did you mean 90% of the hashrate? That's not true. Even the cumulative top 5 total hashrate "only" accounts for 60% of the hashrate.

I agree with the poster above, regardless what caused this drop, right now is a very good time to buy nevertheless. I've been expecting Bitcoin to drop below $6K since a few months ago (read my post history), thought it would never happen in 2018 considering how stable Bitcoin these days but it finally broke. I will definitely buy more of these cheap coins once I got some money in my hands.

Just because the reason for the drop isn't known. Does not mean that there isn't one. I think it's another attempt at keeping the market bearish, people have been getting too bullish and the bears had to remind them of their presence. It could also be linked to the bitcoin cash fork and the hash wars impending with that.

It's to early to speculate that this is a manipulation in the market and I'm also puzzled with a massive drop of prices. I've read an article about some miners are now having a second thought and quitting in mining eth as it's not anymore profitable. If this indeed true I think this will have an impact to what is happening to the market today.

Couple weeks ago i told everyone to sell because there will be a huge dump by holders of btc, eth, xrp, eos.

This is only the begin this dump can go untill btc hits $5000.

Cryptotraders and holders have no cash money anymore they taked huge losses and some guys cashed out begin of the year this guys will return if btc goes to $5000.


$700billion dollar money of cryptotraders are stolen by a maybe a couple thousand developers.


Developed a coin dumped there bags traded for btc and cashed out for real money.

This guys are now driving lambo's and supporters of there coins are holding there coins.

Today's massive collapse is exacerbated by Binance technical problems no doubt. Orders are not going in, and trades are reflected in a delayed

fashion, they made a total mess of their "scheduled upgrade"; another amateurish execution by Binance...

Yes, this whole market correction may be mostly due to manipulation by whales and other big players. Hard to know such moves in advance so other than buying the dip and holding tight not much one can do.

No doubt tomorrow we will see thousands of the reasons why BTC were dumped  ;D But I'm sure without mass intervention it can't happen. Clear manipulation no doubt. We can say about correction, Elliott waves or something else. But it's simple big manipulation

Just to think up that manipulation do already exist even on the traditional markets and this cryptospace wont really be an exception.No matter what would be the
reason,if we do tried to hear up some fresh news or fuds specially on Craig tweet. Instead on panicking i would rather see this as an opportunity to buy cheaper bitcoins.
This is a shakeoff but recovery would really be seen soon.

It's a dirty game, I see a lot of people starting to get greedy and they play a bad market strategy. I have predicted that BTTC will fall 5K $ and this is what they want.
prepare yourself

You suggested not to take a look at CMC but you just gave the link.  ;D
That's right and big mining companies has the control with the hashes though it shocked me to see the prices. I'm pretty stable and sure that the market will be up again and they'll be pumping bitcoin. This is what they usually do, they dump the prices so they can have the best time to re-entry for pumping the market.

Hopefully this is the last dump before the bull run begins. Market manipulators trying to trigger a mini bear market so they can stock up for the massive pump that is just around the corner.

I don't think it's marketing manipulation, more likely due to the Security and Exchange Commission labeling tokens as securities causing panic selling, in no small part due to the Ether-Delta settlement. 

It's most likely that it is a market manipulation because everyone seems to start dumping all of their bitcoin or is it really the whales that's doing it? But as we can see in the marketcap it is drastically falling and after the break of almost $5300 it goes up and stop at $5500 range. This could be the result of the FUD if we do have one.

FUD has come from china because there are some miners are reallocating their miner hash power to the bitcoin cash that makes bitcoin will be more easier to be mined by miners. This was decreasing the price of bitcoin. Remember that gives a lot of impact to another crypto at the same time because bitcoin can be considered as the main pegged crypto to the altcoins.

Yeah iys a big drop as we can see the market bitcoin price is 5700 price and no one of us know the reason why is this happening.  Hopefully this is the last drop because if there's another one I think it will not a great year for us to make a good profit.

Market crashes can happen for various reasons not just price manipulation and if there was sudden manipulation by a large group of holders there would be evidence of it visible somewhere e.g. large transactions from big wallets or major dumping on a select few exchanges

A sell off this big is a bit suspicious but could be attributed to an under performing market not just collusion of some kind

For me this market are just so sensitive with anything related to it. I believe that biggest drop, biggest pump & price manipulation will always exist in this field. i dont know what causing this big drop at this moment but since it is all are decentralized & so volatiles something like this are just like common thing for me. to be honest I dont really like it but Just how many times we will face thing like this?

The only reason I would be scared about buying BTC is that it smashed through the $6000 resistance so it could drop a lot lower

Although the market has witnessed a terrible sale, Bitcoin has grown in terms of market share. According to CoinMarketCap, Bitcoin's dominance index has risen to 54% while early today it accounted for only 51%. It looks like this is a chance to buy into the bitcoin of many people.

All of the time bitcoin is volatile and it can hit lower than your expectation. Buy only if you think that you are ready to do so but if not then you should stay away and don't do any unnecessary moves that you will regret later.
Yes, it could drop a lot lower and that's not a surprise if that happens, you also know that it could rise a lot higher than what we are expecting so that's basically a normal understanding.

Working as a CMO for an upcoming Zilliqa dApp here in Singapore together with an OTC business, here's my insights:

- BTC is centralized to some extent, individual whales own billions of dollars at a time. We regurarly do deals with individuals who are selling 2-3 billion dollars at once.
- The actual value crypto is bringing to the world is very little compared to the hype and market cap
- from TA point of view and talking to several of the crypto funds here in Singapore, bear market will last another year. BTC will keep crashing

Get your coats ready boys, winter is coming.

Our market is well known for being manipulated and that is what attracted many traders to the crypto market. Good psychological analysts and technical analysts, they will win in this market. This is a free market. The founders of the altcoins do not need to hold much money, they just go manipulative to have money. This is a big problem that needs to be addressed.

This is an obvious market manipulation as there was no clear cut reason why the market should drop that steeply by 12%. Lost a lot of money yesterday and it's so depressing

Today is the BCH hardfork so this was affect the yesterday but we don't know this only a right reason for crypto dump. Because day by day moving forward and downward in reason day. So peoples are waiting for the bull run in crypto platform and some peoples are buying more Bitcoin in yesterday so sudden jump is possible in end of this week.

I was shocked to be stunned by a fairly healthy decline as usual that this is an unstable crypto as people said a few months ago,market manipulation can be said that way but the number total ppl of groups is no less certain there is a fight in a healthy market crypto.

Most of the traders or crypto enthusiast always pointing their finger to the miners every time there is a price dump in the market but really have a point right? They have enough funds to sell from the coins they mined. If you got a link or source where you got news, this thread will be interesting to discuss. I am pretty sure that most of us in the crypto world was shocked with this unexpected dump.

its seems like because of Chinese miner pull out their plug. hash rate has drop 20%. i dont know its some big scheme behind the scene or chinese government do some crazy stuff again.

We don't really know on what is the exactly reason why the market are still in the dropped and it cause fear to a lot of newbie investors. By the way it's a good chance to buy bitcoin and hold for long term, I believe it will rise soon.

The current status indeed is really surprising and shocking to all of us users. With the drops of value was suffered for long and most users being hopeful already for the profitable rate of bitcoin. So manipulation could happen this time that some are also hopeless for the status of the market.

To be sure that the market will go up in the near future, we can say that now is a great time to purchase at a small price. But the whole problem is that it is unknown how much time the market will be in such a state.

There have never been 700bn dollars in the crypto market. Just because the marketcap was that high does not mean that's the actual dollar amount of money that's in the market. If any big holder tried to sell when the market cap was that high then the price would instantly crash.

Biggest drop? I don't think this dump is really big, there are so many dumps in this year and this time I think it's really normal, not so big. :)). I often don't want to find out the reason for every dump cause it takes too much time and I can do other better things with so much time like that than just finding out the reason for a dump. I think you guys shouldn't waste time to find out the reason or create thread or topic like this anymore :).

Come on. This isn't market manipulation, at least not in the 'whales are manipulating the price to make more money by lowering the price so they can buy cheap'. There are many reasons for the fall and it's also not that significant of a fall, other than the fact it's a new yearly low. Be positive. Bitcoin is still going strong and has every chance of recovery soon. Also a simple google search will offer many reasons which could have been behind the fall, all more compelling then market manipulation.

if you believe with cryptocurrencies,, you don't have to worry in this situations my friend
this make you can buy more bitcoin and any others good crypto in the market,, wich mean you will get a better price to buy
just collect more and hold your coins in your wallet  ;)

That's called blind faith, you should always have some level of worry as it stops you from being complacent and ensures you're constantly evaluating. Taking in to account the price drop, consider if you still believe in crypto for the long term and if you do then it does present a better buying opportunity.

My question is where do you get money to buy it. When BTC prices, as well as other altcoins, fell down, we assumed it was and bought it, then it continued to fall, and repeated many times. If there are no organizations with strong enough capital to invest, it is difficult to pull back the market.

Obviviously, when i talk about buying more.. it is with fiat.. nowadays people that life only from cryptocurrencies will hardly survive.. we still need an income in fiat to keep on. But this will be only for a few years..  in teh future, when we talk about fiat, it will seem just as a preshitoric type of money! :) crypto will be the main currency in 2 decades!

I guess this has become a norm in this space. Before now or rather, when I got into this space in 2017, there was always clear reasons there were price drops, sometimes it was mere corrections, as it was touted. But the current price levels is one which is beyond explanation and any clear reason. Here we are still experiencing further drops with no specifics of where the bottom is gonna be at. This is obviously a manipulation and it goes to show how long it would take before cryptos go mainstream.

Due to rise of cryptomarket in 2017 a lot of new peoples entered cryptomarket because they felt there is a ray of hope for bright future if invested in cryptocurrency sometimes as the cryptomarket were showing potential of profit on investment in short time. Peoples used to invest in each and every ICOs because there were few legit ICOs earlier which used to give guaranteed profits on investments in pre sale, main sale later the number ICOs along with that number of scams increased which helped in market manipulation. Recently I read one article about lawsuit going on Roger ver & Bitmain CEO Jihan Wu for allegedly hijacking Bitcoincash Network which is the biggest example of manipulation & resulted in crash of cryptomarket drastically. 
https://cointelegraph.com/news/bitmain-roger-ver-kraken-sued-for-alleged-bitcoin-cash-hard-fork-manipulation

The problem with decentralised markets is that it is open to all sorts of manipulation. There is no higher authority to complain to as it is all community driven. All we can see is that it has happened before, and it always bounces back bigger and better than before