Bitcoin Forum

Thursday, January 10 morning (0:10 AM UTC) – Cryptoasset markets were showing assorted signs, with several of the top market cap cryptos facing balmy variations both green and red. Bitcoin (BTC), the flagship crypto, was holding slightly above the $4,000 level, according to data from Coin360. But surprisingly, all crypto prices have abruptly declined except Tether, USD Coin, TrueUSD, Gemini Dollar, Dai, Status, Aurora, ODEM, HyperCash and maximine.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-loses-4000-price-level-crypto-bear-markets-continue/

https://coinidol.com/upload/resize_cache/iblock/d80/900_900_1/d801033d44f5127d703dc88829aab0ca.png

There isn't any fud so it is likely to be a whale trying to manipulate prices. It will go down for a few hundred dollars and then this same whale will simply buy back at the lower prices

Today the price fell a lot:

https://i.imgur.com/osDgYU3.png

let's go to another round of panic sale, I'm already wondering how much thread people will complaining about the price, a few will start to say that it's the end of bitcoin or that the bottom is in the $ 1000

So, it didnt able to break out that 3,500 support and now as of this writing its 3600+ and recovering. Rather than on treating this as an another round of panic sale.I do see it as a week-end sale.
Those lines you had mentioned are common for newbies that do easily reacts when see dumping of prices. When they will ever learn?  ???

I dont know for sure if the whales are indeed behind the slide down in price of bitcoin market but I think the market dump in price is logical because there's no much demand in the market lately and the miners have said the market is yet to gain strength of bullish market.

Not manipulation, just large pockets unloading coins after having failed to break out. If there was more depth available the price wouldn't fall down that hard, so don't always assume things happen because of manipulation. If you also take into consideration that stop loss orders getting triggered exaggerate these red candles even further, you'll look at the market differently.

I would even like to say that the market as it is today, makes me think that there is way less manipulation happening than let's say a year or two ago. People see ghosts everywhere now the price keeps going down, while no one complained on the way up.  :P

I'm surprised that the Chinese aren't being blamed for this, new regulations in china have just been announced and this usually coincides with a massive dump. We can expect 3500 soon

I'm not aware of a new regulations coming from the Chinese but it looks like we are testing $3500 again. Obviously, the $4200 attempt was futile not enough push from the market and I guess investors are realy on the waiting game and just taking profits as they see fit.

We can call it manipulations or just speculators who are always one step of the game right now. They will simply create artificial spike in the price and if they see that's no one is biting on their show then they easily sold-off, rinse and repeat.

China has done enough to not be much of a factor for the price anymore, and we should be happy with it. Also, the fact that news outlets barely cover China related news articles helps decreasing its importance as well.

People need to accept that there doesn't always have to be a reason for the price to increase or decrease. It's a free market where any entity with deep enough pockets can move the price.

It's always when the price is going down that people blame manipulation, because that's when they are losing. Manipulation in form of increasing prices is perfectly fine, and you see no one complain. People are funny.

Even now, I'm still sure that bitcoin will start to rise soon. Am I wrong? This is logical - after the recession is rising.

Today is January 17 and see the price:

https://i.imgur.com/YiOmXw8.png

The price is not recovering and I think it is stagnant at $3600 to $3700 and if this holds for a long time, people will start selling their bitcoins and the price will drop a lot



People buy bitcoin in the expectation that they will have high profits and fast. If the person buys for $4000 and then the price drops to $3800, then the price falls again to $3500 and then the price drops to $3200, the person begins to think that the price will fall to 0 $ and to avoid total loss  the person sells. Just think of the people who bought when the price was $17000, if people had sold in the $16500 would have avoided many losses