Bitcoin Forum

Title say everything, BTC can drop to 4K $ even, whales are in Action.

I am really not sure if it is the Whales or people panic selling because of the quarantine.
There are many countries where the quarantine have cause people to panic buy and at the same time to make situations worse they are themselves limiting the market supply .
People are encashing to be able to cope up with this senario at the same time the government is also in a bind and stocks are going down so people are loosing from every side and with them being sick with no jobs , how worse it can get ?
14 days for the symptoms to appear + recovery period + 5 weeks even after the recovery , they are going to be jobless .
Its tricky thing ..

why stop there? why can't the whales dump it to $3k, $1k, maybe even double digits? ::)

that's exactly what accumulators want you to think. welcome to the capitulation and despair phase of a bear market, where it feels like down is the only direction price can go, and burned investors race for the exits all at once.

https://www.investopedia.com/terms/c/capitulation.asp


those with balls of steel buying and holding right now will probably be greatly rewarded later this year.

or, maybe bitcoin is dying. we'll only know for sure once the dust settles. place your bets, gentlemen.

I fully expect the sellers to be would be whales who lost their resolve. Many of the sells have the characteristics of people throwing in the towel without regard for the timing or effect of their sells.

Real whales stay put and gorge themselves at the bottom. Then they'll fart on your heart again just as you're popping the champers.

The price will go down more. My guess is below 3,000 US Dollars in a month and we could see the biggest crash in the history of BTC maybe under 2,000 US Dollars in 3 months if the 30 days are prolonged and even more restrictions and services/things stop. The virus will disrupt and halt even more things in the US and Europe and Asia, so, people will reach out for their bitcoin reserves to get some money during this low sell low move times.

It's just a matter of two choices. It's either we lose or win. Im choosing the one with balls and holding it even I am bloody stab multiple times already. The other option could be possible but Im afraid many will not let bitcoin died especially the whales who are capitalizing this market.

Those are the part where you wanted to hunt those whale playing around. They act as if the market will be gone for good then suddenly make it alive once again. This happened countless time.

2k$ iv very possible in this Month for  BTC.

Get ready to buy the dip  8)

Are you sure it's the whales. ???
  Maybe it is because of the panic selling by the people due to the Novel Corona Virus.
  People are going crazy and buying all kind of stuff that you might not need for another 10 years .
  They are loosing their jobs due to Quarantine.
No money , no job , cash is gotta come from somewhere.
  I do think it might not be the whales , but desperate people trying to protect themselves and their families.

After the bull run in 2017, this is the first time i am seeing this huge drop in Bitcoin price! So, this is the historic dump! A few days ago When people were making threads that Bitcoin price is increasing because of Corona, but I think the real Corona impact happening in Bitcoin price right now! I am not an expert but what I can see now, Bitcoin needs to hit 3200$ to jump for high, otherwise market won't be pump enough, nor stable!

This is what im thinking and im not really blaming out whales but rather this pandemic which might cause that sudden sharp drop on the price not only on btc but in all market.

People would still end up on handling fiat if ever the world comes to an end.They would cash out and getting back all that they have by means of survival.Of course, we know that
it isnt still available to make use of btc on buying up needs so its just normal to think that they will surely cash it out.

Best  time to buy.
Not only btc, but stocks from all over the world.

Be fearless in this bloodbath.  Don't be fearless in a bull run.

You are correct with your prediction and you simple analysis, the lowest bitcoin have dropped was at $4600 level, and its just good it has bounce back today to $5000. We should not be surprise of this, the corona virus is the main culprit of this big dump but we know even if it dump lower, bitcoin will always find a way to recover.

The whales are playing the dump game now but they could also play the pump game.

right. various types of investments are currently collapsed, and if you want to act, this is a great opportunity to have bitcoin or other types of investment. to be honest, I am not so sure about this, but I think that prices might return to normal in the next few months.

It might be whales, but I have a feeling it's everybody who's selling right now.  Smart money would be buying when others are panicking, and it's times like this that makes the smart money people ecstatic.  Wish I had some dough.

Yeah, I saw that yesterday and was afraid of what bitcoin would be at when I woke up this morning.  Thankfully it's holding steady around $5k, but we'll see what happens.  This epidemic probably isn't even close to being over.

It's a great time to enter the crypto market. When everyone is panic selling whales buying more. But many do not understand what is happening in the market. Many people are trying to find the bottom, but they not able to find real bottom. Market  will go up again and they will buy again at the top. The market does not always offer opportunities. You have to use the right time opportunities.

The developer and administrator of Binance Zhao Changpeng stated that Bitcoin will never go zero because he will not trade his Bitcoin investment and it will remain in the market, so there is still hope in the market as long as whales do not pull out their shares in the market like what Zhao Changpeng is doing.

It was a normal situation to endure such a drop.
The economic markets was dropping and probably people tried to get their funds from the crypto market and buy more in the financial markets due to the lower prices. COVID-19 has impacted all markets and definitely the crypto market is going to be impacted by it.

Any proofs? I am all eyes to read everything.  ;)

Even small bitcoin buyers could make a hard rally into putting the bitcoin price down.
Let us say 1 bitcoin each user will suddenly sell it to prepare for something that could end up living inside the house for a month because of the virus.
I will do that. I will need to eat and also have stocks of food and water.
With all of them selling in one moment could all make this happen.
That is all the reason I can see now for this sudden fall.

It's just our own speculation, but I also believe that whales doing it, the drop is over 50% from its high this year, and that only happen in just a day?
This is not a normal drop, this is due to the big volume of money being dump and not a big volume of sellers, so its a manipulation in short.

Despite this, it should not create panic among us who already witness this kind of movement in the past, market is unstable for now, but eventually it will bounce back as the pandemic will get its cure.

It is possible that only some of the whales did it while others did it because of the Coivid-19 effect so in my opinion it makes sense because the entire global market is also experiencing the same thing in its decline because they are afraid of quarantine so selling more at any loss is not a problem for him .

For market manipulation whether the whales will move quickly in these conditions or indeed they are more awaiting recovery from this pandemic because the problem is very serious for everyone.

is there any way that we can talk to "These whales"?because if there is a way then i will ask them to Bring down the price to 100$ or even lower so Holders like me will surely buy all the Bitcoin in circulations?
yeah sometimes i believe that there is manipulation but there are also panic selling and they are a big part of falling market so don't just blame Whales but other small investors as well.

Why every time bitcoin price down will relate to the whales? Because I don't think that it will have a connection with the whales because maybe people are panic to see bitcoin price is going to down and they are selling their bitcoin with fast. The price can go down for more, and if we check on the market, the price gets another red candle this day, and we don't know if that is only temporary or it will slightly go down for more. If you are ready with the market movements now, better you prepare your money to buy bitcoin at a lower price.

Because we, small investors don't have to power to do a huge movement on the market, affecting the price, unless we do some action at the same time in a large number of people
A whale or a couple of them can do a movement on the market, making a lot of people taking some action, bringing the price up or down

Most of times it's a "whale" doing the first step of some event

Indeed, there is no big action that can be done by small investors, but when small investors are in large numbers and get panic, then small investors have another role to make market movements become more significant. That way, at least whales does not always become a benchmark or anything for the price movement that occurs because at the same time there are also other factors that are indeed a major concern in the world this time and we do not deny that.

It's not only Bitcoin that is falling, look at commodities such as oil or stock indices such as Dow 30 or big companies such as Boeing , look how much market cap it lost.

Bitcoin market cap is very small compared to most assets, so don't be surprised it had a huge dump one day. I think what is more alarming is oil when it lost -45% at one point. Now compared oil to Bitcoin, which has a larger market cap? Therefore be safe out there. Maybe $3500 was the low or not, but in times like theee it's usually when people sell everything and stay cash.

This does not come as surprise as this was already expected to happen before the halving but I believe it's the corona and it's panic which has a fair share for the market collapse if you have a look around you will find every market and economy is being doomed due to corona. We need to control our emotions and act sensibly rather than taking hasty decision now.

So at this particular moment the world is running around with its pants on fire. There is a veritable mountain of cash. This is a prime moment to attempt to ignite FOMO with a 'decoupling' narrative and then pull the rug just as people are getting comfy/hopeful. Hence the rise we're seeing?

https://i.imgur.com/l5wIwR1.jpg
Source: https://www.picbear.org/media/Bw4pTiOAAyc


Who missed buying some coins on 4k price?
Price is gradually increasing now.It just a normal phase for btc price on where we cant see
dumping price forever.  8)

we have seen already twice this week the dump of Bitcoin to $4K and now we are growing more than $5k so i think whales is also on the action?

well they are part of the system for long time and for me they are the one that makes the market looks very volatile while the truth is manipulation is what they are doing lol.
i am lol,had a chance to buy at $4,700 and now seeing a little good future as the profit is coming my way.

$6k incomming  ;D

Let's see whether this was a stealth rise while the US stock markets were asleep. If it continues to go up, or at least be buoyant, while stocks fall or stagnate then we might properly be on to something. Even then we'll need several days of it to be sure.

It can. But it is not about whales.
Just look at the current events and you can identify where it is coming from.

When people panic in this kind of situation they tend to hoard everything that is needed.
I have seen a lot of photos in social media about stores getting depleted of canned goods and even toilet papers.
That says it all. Yes, it can go way down but I don't think it will stay that way for a long period of time.

Even I am waiting to see that.

The initial fall which created a panic sell is justifiable as globally all the stock markets were facing bloodshed. But now when things are stable in crypto market, I guess people can safely assume BTC as an alternative investment to safeguard their money from the upcoming global recession (which will only happen if the virus doesn't get contained within 2 months). I can see other commodities declining too as purchasing power is declining. In that case, crypto can go up as it can attract money.

I also tried to confirm that. this is really interesting. when the price dropped so fast, I thought that the price could reach $ 3k as they say. However, right now the price is recovering, even I think that prices will continue to rise until they reach levels above $ 7000

That makes it bitcoin different from the other asset class, now crypto has proven that they are not correlated with stocks because it can make its own recovery without depending on stocks, there's a huge money on crypto, almost 200 billion in trading volume in overall, that's a big money entering in crypto and this growth is not only for bitcoin, the altcoins market has been increasing significantly as well.

It looks encouraging but it still needs more time. You can't base any declaration on action spread over a day or two, especially when it's coming back from such a ludicrous move downwards. And of course you can't be truly sure until it has all been over for several months.

I truly agree with you, but we can't neglect what is happening now, after a big dump we are seeing some big improvement on the price of bitcoin and this is very positive because some thinks bitcoin is already over when it dump 50% in just days, but now we are here, we can prove that bitcoin is a strong asset that we can trust as a long term investment.

So another scenario, what if bitcoin dump again this month back to $4000, well, i guess people will already believe that bitcoin is going to bounce back again, so what is happening today is really helpful, this is the first time I saw it bounce back amidst the corona virus panic.

All markets are green now, bitcoin closing in at $7k, but I don't know if this is a bull trap or we're in sort of mini bull run after a scare to $3k because of the novel corona virus.

Well every time that the majority thinks that the price will tank, the price suddenly will go on the opposite direction. So let's see if $7k is doable within this month.

No matter if we are an only small investor because if we can follow behind the whale investor, we can also make a profit that is enough for us. We need to remember that if we can get enough profit, we don't have to chase more profit because sometimes the realistic will not the same as what we want. Yes, I agree that the whales can do whatever they want with the market, even they can move the price to any price they want. But if we can be wise and smart for anything happen in the market, we can make that profit too for ourselves.

a new history for bitcoin in the biggest decline, but it is very natural this year, because not only is bitcoin declining, the Nasdaq, S&P 500 and the stock market also experienced the biggest declines they have found, and that is due to the corona virus, but calm if this virus can be dealt with and the world returns to normal, then everything will slowly recover, so this is a golden opportunity for buy in the deep