Bitcoin Forum

I believe that this is a final pump before we touch $2,000 levels. Bitmain is buying a bunch of BCH in order to successfully file for IPO, due to their existing poor earnings report. Some kind of manipulation is occurring right now, and I believe it will not sustain.

 Check out this article I wrote here (https://www.mycoinrisk.com/cryptocurrencyrisk/Final-Pump-Before-Full-Capitulation-Rally-and-Rejection-at-$5775-Would-Be-Extremely-Bearish-Indicator)

BTC BTC BTC

your link isnt opening for me....

It's not impossible for BTC to move $2000 up or down either way by 2019. Our analysts do not believe it will fall below $2000 or go above $6000 by 2019 however.  Full capitulation could have already happened and the current all time high could be in place for another 3-10 years.

1.I though that BCH no longer exists,it's replaced by the two forked coins (BSV and the other one,I forgot it's name).
2.Buying "BCH" or any other altcoin has nothing to do with launching an IPO.Why do you think there's a connection between buying altcons and IRO.Buying a bunch of altcoins won't improve the poor earnings report of Bitmain.  

1. It exists. During the brief "hash war" it was referred to as BCHABC; after they won they retained the BCH title and BCHSV became "BSV."

2. It has everything to do with Bitmain, as they already own a lot of BCH, a high BCH price at the end of the year will look good on their balance sheets, perhaps serving to offset some of the tremendous losses they incurred by mining at a loss all year.

I'm also inclined to think that this is just pure manipulation at play and no real movement from the bulls are happening. We can go sub-$3000 for all we know just like how we went to $3100 from a $4000 footing just a few weeks ago. As for BITMAIN, they're just doing their thing to stay afloat and relevant amid the blows it took when the price crashwd hard. You got to keep a headstrong mindset if you want to bounce back, and going IPO is the way to go, at least for them.

If all investors believe in this news, then we are waiting for a failure already at 4000 - 4500 for 1 Bitcoin.

I think that the market could break through 6500 if there were less negative news

Give us a link to your article. I'm hoping ETH may drop to $50, I'll buy it. :) Will the BTC fall to $ 1k this year? :))

Bitcoin can go above $4000 by the end of the year if we see more positive vibes from major stakeholders in the world if crypto. One influential thing on bitcoin that happened during the year is the numerous  fork on bitcoin cash. I believe this brought a divided opinion among stakeholders but bitcoin still lead the trend.

Warren Davidson and Darren Soto, the two U.S. congressmen proposed two bills that are aimed for combating manipulation in cryptocurrency markets.

https://coincodex.com/article/2789/two-us-congressmen-propose-bill-that-would-exempt-crypto-from-securities-laws/

Sometime things react opposite to our analysis, there is downtrend for long and now everyone is considering this move as retracement before going more down but it may react opposite, it may start increasing from here by making HH HL.
No trend can exists for long, there is always an end to everything, downtrend is there in BTC fro more tha 10 months and last 1-2 months it was in side trend, I think a final down movement has just existed to create panic, keep watching price.

Well and good. This is good news to cryptocurrency world but I guess it will take time to make it happen. But once it is passed into law and all conditions are met, I hope that it will make a better world for investors and people in the cryptocurrency.

Interesting analysis, I also thought that there was still a downward trend, between $ 2800- $ 1800. Although many speculators said they would not fall below $ 3000. Leap support is currently at $ 4700, any changes can occur in crypto.

With what he is buying them?

Yeah this is a possibility that what we have seeing in the last couple of day's spike hike maybe the last capitulation before going hard again before the end of the year so we need to be cautious. But I don't know if it has something to do with Bitmain though. Maybe that's just one part of the equation and this could also be the handy work of some whales swimming around the crypto sea.

$2000 is still a long way away from full capitulation. Beginning of 2017 BTC was still under $1000. That would be a 100% increase in 2 years. Do not get caught up in shortsightedness, bitcoin is still very bullish when looking at the long term picture.

I think that Bitmain might be in better situation than you think. We all know that Jihan sold a lot of his BCH at the top, he's not a bag holder type. If he was smart about it the drop to $100 was due to him selling earlier on, and he and Roger made a lot of money on the SV split. If they sold their SV they're now sitting on a lot of cash that can be put back into BCH to pump it up. Craig is doing the same thing, but in the opposite way, pumping SV with his sold BCH.
When Jihan gets his IPO he'll have people ready to buy his shares and it will take BCH even higher.

it seems like every move bitcoin makes now, people try to blame it on bcash. the market is bigger than bitmain! you guys make it out like the bitcoin market is utterly manipulated, with no organic demand at all.

the bearish sentiment is overwhelming too. we're in the middle of a 30%+ bounce but it's obvious most everyone has sold, never bought back, and expects lower.

Sounds like the perfect time for a recovery then. The large buyers always buy and start the reversal when everyone is running for the hills and calling crazy new bottoms.

Oh it was taking a long time to start hearing again that the price will fall below $ 3000, now that the price is not rising more than $ 4200, we will see many people going into despair and the sale of panic will start again


why the hell are we going to worry about Bitmain and his altcoin cash? if they want to bankrupt when investing time, energy and money in this altcoins cash the problem will be theirs

I like that. It gives people more reason to hate on these con artists, because that's what they are. The more shit is going their way the better it is, because that makes their shitty project less appealing to the general public. Just read the comments when Roger or Jihan post something on Twitter, it's wonderful.

It was waiting for them to mess up, and they finally did it in the worst possible way. Now they don't only have frustrated crypto gamblers standing in their way, but also CSW & Co.

The link you had given is totally irrelevant on the topic you have posted. Its about NKN project as I read up and introducing some persona but the content
isn't really directly connected with this one. Going back on topic, Final pump before going down then if that's the case then theres nothing we can do but the fact
I'm a little bit excited to purchase btc even on $1000 mark.

Lol, at least you clicked it, I don't think any of the rest of us did.


All I know is the BTC market consistently defies all rational expectations. I firmly believe there's some master class manipulation going on that has been attempting to psych out pretty much the entirety of traders for all of 2018. Basically, the Conventional Wisdom of this crowd has always been wrong this year. Every previously established piece of technical analysis that may have once had any merit can safely be thrown out the window. That's why I'm going against the grain and saying we've already hit a low.

So what if they buy BCH? Are they only the huge investor in the world of crypto?
Why just one reason could change a big thing like bitcoin.

If that is the case here then I might have been out years ago but it is not.
There are so much possibilities for bitcoin to move and it is always not just one reason. Sure there could be manipulation but is your source really that reliable to pinpoint with just one entity?

This small price rise that we have seen the other day could hardly be called a pump. In fact price went back again so this was small positive volatility.
But I wouldn't have so dark perspective on Bitcoin price. Yes, currently is not standing good and market isn't showing any strong signs for recovery but that still doesn't mean that Bitcoin will disappear from the scene. Just the opposite, I beleive in recovery but things don't happen over night, some patience is needed.

yes, and for me you also seem to want to manipulate the situation,
I agree that the growth that occurred over the past few days has a transient nature and tends to be manipulated. but I'm not entirely sure of what you say.

I doubt full capitulation could come at these prices, after all the price was over 6 thousand dollars just couple months ago and if anyone wanted to really get out they would have done it at that moment. Right now there are only 2 type of people who sell which are the whales who want the short profits and the panic sellers.

Aside from those two there is no one selling at these prices so we will have to wait for higher prices for capitulation. Which begs the question if those people are not willing to sell at these prices can we call these late sells "full capitulation"? I mean obviously not but maybe that is the last of it for now and until the price starts going back up there would be no more selling and getting out completely which means yes this is the "full capitulation" but just for these levels.

it sure does. that's why whale conspiracy theories always entertain me.

retail traders can't afford to lose much---they're constantly getting squeezed by the market. they get all emotional and end up selling the bottom when everything looks hopeless. meanwhile, well-funded investors buy the blood and exercise patience.

markets = impatient traders giving away their money to patient traders.

I'm not convinced that it's only whales that can do these things. Smaller traders are perfectly capable to do the exact same thing and profit just as much. Buying when there is blood and selling whenever people are on cloud nine. Most people are too ruled by the pressure of others' decisions and their emotions to make the right decisions.

Everyone thinks the price will go down. WHY? Did not it fall from 6.5k to 3k for no reason? The existence of such psychologies causes the price not to increase. Psychology itself begins to create the largest red candle on the graph.

We must realize that big whales and small traders are not ignorant people, they certainly have the same potential and desire to achieve maximum profits. However, there's the most monotonous difference between them which's also an important point that we cannot just ignore. IMO, Big whales are usually more professional in addressing various conditions that occur in the market, so no wonder if their actions tend to produce results afterward. Meanwhile, small traders are usually easily shaken by negative media coverage or FUD, so there are not a few of them who in the end many have lost due to panic sales. But I'm very sure that here there are still many small traders who perform smartly, and can manage risk well so that they can avoid/minimize losses.

It's not good to see $2000. I want to see the price this year become $5000 and more than that for the year 2019 and I hope it will recover again in the middle of 2019 and it will good for us if we buy more bitcoin again to get more profit.

It is possible for the price drop to around $2500. If it is below $2000, it will be very brief.

oh i totally agree. i'm a retail trader myself and i wouldn't bother if i were losing money. i just think retail traders are inherently easier to squeeze than eg trading firms because institutions can survive long term drawdowns as they pursue other markets with unallocated capital. that's how successful funds survive. regular folks are much more likely to get caught in the typical market psychology which ends with buying the top and selling the bottom.

They're both very fair points, having the financial means to spread yourself across multiple investments and to withstand periods of uncertainty is surely a big advantage. Couple that with experience of navigating tough situations and decision making is generally going to be better.

I guess another thing to consider is that people who know what they're doing won't stay as small fish for long, they'll eventually grow their own capital and be thrown in with the whales. Anyone who started before 2015 and knew what they were doing should be very well off by now.