Bitcoin Forum

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

There is such information that thanks to a bug on the OKEx exchange, the hackers received 5k BTC, which they sold. We now have something that happens when dumping so many BTC on the market.

Bitcoin bear trend started with SEC ruling on cryptocurrencies and future of ico market  so this bear market is continuing till now

Market is not easy and sometimes it seems absurd but actually it is not so. Trading and investing is not a simple action there are a lot of reasons which need to be analysed and trades who has not enough experience consider that somebody cheats them and manipulate market. It is not true. Look at gold it has the very long positive trend and anyone might buy and hold it several years. And nobody tell you exactly why crypto market are now bearish.

Well that's true that those rich people or the popular term for them is "whales" are accountable for this market. They are manipulating that with few increase 5-10% they'll sell, buy at dip rinse and repeat.
But our expectation is a failure for hoping that after the consensus conference bull will start.

I'm sure that almost everyone knows that a strong manipulation in the market has some relation to the whales invested in Bitcoin. Overall, Bitcoin operates pretty much in cycles. The price will go up due to the rich sparking a change of events from a drop/still zone, so more people start investing as they see the markets on the sudden rise, believing that the rise could last for a while. When the whales are content with what they've profited with, they'll just dip out of the markets, causing a crash due to the large sell order freaking people out. This cycle just seemingly continues, and sometimes the rise is stronger than the fall, and vice versa. I definitely think the rich manipulate the price, but that's a part of Bitcoin as well.

My question is, if you holds a lot of amount of bitcoins and other top alternative coins, you are almost whale god in crypto market, it's depend on you if what do you want to do the value of bitcoin, is that right? Any solution for this, to avoid manipulation of crypto markets?

It was a combination of different factors. Firstly, what goes up fast must come down fast..it's the nature of the market. Bitcoin rose x20 in 2017 and the retracement was healthy and natural as many people cached out and took profits. This massive sell out started a chain of events and weak hands started panic selling. There were many average Joes buying btc at the top..got rekt and cashed out at a loss. Plus, there was SEC ruling which also made a big impact.

Being a whale alone isn't enough to manipulate the market, you need to have some help from your co-whales to shake the market.

It is not they are doing what they want to set the price of bitcoin base on what they like. Price of bitcoin is still depending on supply and demand.

There's no solution for this manipulation, this has been the problem even in other the same markets. Oligarchs in real economy, hoarders and other types of manipulators can't be gone.

Rich or we can actually call them the whales are not controlling the value they are just affecting it what I mean is they don't really control the value they've just helping it to decrease and increase as well but not all the time because there are still many people that are holding bitcoins and if that bitcoins are not moving in trading well the value is still balanced.

Maybe supply exceeded demand, as a lot of people wanted to cash out. That can affect the price.

I don't think anyone can specifically tell you one thing which started the bear trend, as there can be several factors in it.

In my opinion, the price just rose way too quick. This price increase was likely caused by tons of people seeing the price increasing, causing them to fomo. If you look at google trends, in December there was so many people searching how to buy bitcoin. When the price got to a ridiculous high level it's likely that people started taking profit. When the price started dropping, it caused others to take profit. Couple that with the large amounts of FUD we have had recently, such as tether, several hacks, scam ICO, regulation scares, etc. People just don't feel safe investing right now.

With the market constantly going down there aren't too many people who actually feel safe putting in their money, since you can lose a large chunk over night.

Luckily, I see that with regulation people will feel a lot more confident investing in crypto, and with the crack down on scam ICOs and shady operations of exchanges, I'm hoping we're going to be able to start increasing steadily again.

You are still suspicious of that? why there are so much people investing, trading, but none becoming reacher? why price always goes against you after you entered the market? all these questions have one answer - this kind of markets are created to make reacher just concrete persons. Those who luckily catch the success - are just exceptions.

Catching the success depends on your faith and believe on the coin. It is not only luck , you have to do proper research on the coin to understand its future. Like some altcoins are good now.

A big investors or groups who holds a lots can really shake the market once they dump but for the full impact of it, it will be on the hands on those who will follow. The trigger will start at big ones and it's up to the community if they will follow and if they did, that's the start of bearish trend. The dump will cause fear, worries and negative speculations resulting for more expected dump.

Same goes if the trend is bullish.

Thats truth whales are really making the marketplace value go dump and bump in the market dude. If you wish to invest your fund on trading you can make profit anytime. All you need to do is, just choose the good ICO projects and make money out of it.
Please check various exchanges and go to invest the fund with the potential coin to grow in the market bro.

Rich are able to manipulate the market but still they cannot pay to dump signal to stay the market value for long time.

My guess is that the MtGox trustee is one of the contributors to this dip. Looking at one of his address (https://blockchain.info/address/1439q4Na8v88kPBqoyg8F4ueL9SYr8ANWj) that is empty leads to another Bitcoin address (https://blockchain.info/address/1LncfoCX1yzuiW3hzejarvgZ1WahnAQ4o4) that contains 8k btc and if you follow the recent transactions from the second address it seems that some of the Bitcoins were sent to an exchange of some sort.

I see that the people who hold large numbers of BTC are manipulating the market by drawing large amounts of BTC and price fluctuations. However, I find that the price depends on the news and the outside.

This is the cause of whales selling their crypto currency a consensus formed by group of people to dip the price then sell again when the price surge. Some say that this is because of some trading site's bug being exploited and hackers get free bitcoins. Some say that scammers is manipulating the prices through spoofing and producing fake transaction in order for people to buy or sell their coin.

I do not know what these bear market trends are, obviously if I am always polishing up the basics of research and projects. even in the bear market, blockchain and smart contract projects will continue to revolutionize the technology. Interaction with automation, machine learning and artificial intelligence will enable businesses to bring more value with fewer resources. This is the direction the market is moving towards.

Market doesn't think what we think. it actually do opposite , so it's useless to think on short term if you are not a day trader. My theory is hold good coins for at least five years and you are good to go.

There are a lot of factors that really contributed to the bear market and it all started way back in January. When the market started to crumble down. Some say it all started with the Mt. Got trustee offloading his joins around that time, but the problem is that we didn't know it at the beginning. It was around March that we have uncovered, but its too late since bitcoin is below 5 digit by then. Followed by a lot of regulations and FUD and even the consensus week was not enough to push the price. And then the SEC investigations plus US and Canada crypto regulations joining force. That's some of the reasons that I can think of right now that might factor what causing their bearish trend that we are seeing for the last 5 months or so.

I guess it's the desire to earn more. Most investors and traders have really studied the market and knows what and in which direction it has been moving and decides to hold for a very long time after the price has moved up to their expected or desired price. And it also interesting to know that those whom have been bearish on cryptocurrency are those who mare earnings from it cause been a bearish investors requires patient. 

We all believe that its a yes so I have read some good points about the manipulation in the market and that's right, the rich investors or whales are doing this.

Giving high fake buy and sell orders to manipulate it and now they are being under investigation. The people behind the manipulation aren't just small traders but they are big time traders who can literally call as a whale.

this is what the pump and dump market says, when they (the rich) who hold large funds to be able to buy large amounts of bitcoin, they have the immunity to move a market, so the price can soar high, and vice versa

Before justifying what is a "bear trend" let me explain the meaning of bull and bear trend. Usually when we deal in crypto or any other stock, we usually come across these words they are used to depict the conditions of current market where bull shows and uptrend of market and bear means falling of market. And if you think rich investors started these trends, I totally agree as those are the only people which take benefits and curb the money of users which sell under the pressure of these trends.

The whales are holding huge amounts of bitcoin and can definitely manipulate the market if they want but I do not see a manipulation in the bear market, the bear market that we are seeing emerged naturally since it was impossible to maintain the previous bull run, now it is also possible that the futures market which was established not long ago is having an effect on the price as well.

Its really going to be hard in tracing it down to a particular source of one thing that led to the downward trend of price because several news, actions, comments that have been coming out negative have the potential to drive down the price to a point and every other panic seller would then fall in line to escalate to the extent of having a full blown bear market. I think the decision of the justice department of the United States report of their intention to investigate the manipulation of price must have added to those factors working against the price at this time.

As I remember before, the issue about Mt. Gox Cryptocurrency Exchange is one single whale that don't need co-whales who shake the market.
It's impossible to make problem to other without any potential solution, maybe if the demand and supply of bitcoin will multiply more and more, it will be hard to them to manipulate the crypto market. The more supply of bitcoin or count of bitcoin can make their share small, which mean they need to have more share on bitcoin and other alt coins. Please correct me if I'm wrong.

Maybe the lack of confidence.
When the FOMO returns, the price would rise

I saw a Crypto expert has said that Rothschild family and other main capitalists do it.

Well in most cases news coming from social medias really affects panic holders, some investors has been drive to sell their holdings thinking that the
trend will continue to downfall, those traders who didn't bothered to investigate very well are adding to the price movements, its not the whales that
bringing it down but the actions that weak holders did that's why we are still seeing bearish inside the exchange, just prevent yourself to deal with
crypto if you are planning to achieved your goals, things will bounce back we just needed to wait for it.

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

Bull run is not even something we should even be expecting any moment from now as it certainly does not look like it is ever going to happen anytime soon. The whales have always been able to trade people's emotion on the charts and they simply know how to keep doing that as far as they want the market to go either downward or upward and like you call it, rinse and repeat.

It is funny though that a lot of newbies always blame them for their loss when they should actually be blaming themselves. There are whales in every market and it is certainly not new.

It's always a challenge to invest or trade in cryptos. Price movement is not only influenced by the state of information but someone who has a large capital we called as a whales is the next challenge that must be accepted by every user cryptos. They have a large capital so that if the brand goes to market then market price will increase, and will many people will buy and when they (whales) out of the market market will decrease again.

Well, let's say you have a significant amount of a coin's trading volume and you want to sell it all. You can first set the current market's price, but you will sell the coins so fast that people, seeing that a significant amount was sold will start selling their coins as fast as they can. For these purposes they'll keep lowering the prices for their orders to be filled. So, basically, yes, a lot of things depend on you if you own a significant amount of money. Avoiding such manipulations can be done only by more people joining the market, so that nobody's stake is big enough for significant manipulations. I thought it was the case with top cryptocurrencies, but I realize that it might be wrong, as the current market situation is very poor.

It is possible that big players from the market want to sell their existing position form the coin and want to buy in new coin or the new ICO which is coming due to which the small correction can happen as they are the million dollar investors. SO in relation many people do panic selling and this reason worsen as market tends to fall.

I don’t think so that tracing back the reasons because of which the market value of the bitcoin and rest of the crypto coins have fallen is a good thing to do and that it will have any kind of positive impact. All you need to work upon is that you must look for the ways which can then help you in dealing the situation in a better way and that you can then have something better in return.

actually in this bearish trend we have to be smart in choosing a strategy to stay in transact, this bearish trend is also very high up a value, usually after the end of this bearish trend we will find the trend of a very pleasant bullish market and give us a lot of profit. I have several strategies to deal with this bearish market trend, such as;
first, buying stocks that grow. in this case, we can only buy shares from companies that have sales and profits that are still growing. If sales and profits are still growing, no matter how low the stocks, it will rise dramatically if it is in normal condition.
second, buying stocks while the sector is good. there is the opinion that no matter how good a stock (or the company that issued the shares), will not give a good price if the sector is not good enough or even ugly. therefore, be sure to only buy good stocks that are also in a good sector.
these are the two things I always do when a bearish trend occurs so I can keep trading even in small amounts.

That is usually the thing. There would always be market makers as they are the ones who simply call the shot in every market and they are definitely in this market which I believe we can also refer to them as the institution and whales. However, everything is still based on the outside and I am sure there is really no way we cannot expect them not to keep making more money out of the noobs without experience who just want to make money from trading over night and there trading without any form of experience or knowledge.

Yeah, I wish people would stop blaming "the bears" and "panic sellers". Without market makers, no market. No takers, no market. No volume, no nothing. We just have to accept that there are always both sides to the market and maybe much of it is going on AS they want it to, not as we think they are. People are all making livings of these things, why reduce their efforts to emotion, panic, FUD, etc?

It is maybe due to panic and artificial negative cloud created by the whales.
This reduces the confidence of juvenile traders and likewise the market value.

this bearish trend occurs because the global economy slows down and can be practically down from the previous year. unemployment rate increases, FUD is spread everywhere, trade balance deficit. negative corporate profits and other factors such as, negative news that keeps coming to hit the crypto currency market and many more to consider!. this situation makes some users and traders panicked and continue to sell the coins they hold. if such things continue the market will continue to weaken and difficult to grow again, the positive side of this bearish trend is usually always a reflection to re-see the bullish market, the price will usually exceed the previous nominal, even likely to create new record values.

I think it's true because if we look at purchases and sellers we can see if any big investment really will change the market value, so essentially all the coins in the amount of the average for the number of investors,

Yep there is conspiracy theory that's been circulating the internet since the bearish trend began and that is whales manipulating the market to buy cheap bitcoins. But this is really what's going on, there is a recent news that 120 billion crypto coins has been stolen from an exchange site, government's regulating crypto's. Google and facebook banning ICO ads. I think this maybe the more believable cause.

Truly whales are trying to control the market, they are probably holding a large amounts of bitcoin. Evidently they want lead the market value be in  drop or dip in their two cents. It’s more likely that they are taking advantages of FUD syndrome to earn a big benefit. With this kind of strategy, whales make many investors, traders be in panic and afterwards selling their coin unnecessarily. Exactly whales will buy that bitcoin and when they buy enough bitcoin, they will control the market.

This is a common principal that the ones who has invested more money into any of the crypto currency has a major hold of that crypto currency and that at time when he will sell his crypto coins, then this will badly affect the market value of that crypto coin. This is the reason why the bug whales are doing this much of the manipulation as this is something which is helping them in making bigger profits.

People need to stop thinking in this kind of conspiracy theories, bitcoin went down because it was necessary, it was impossible to maintain the growth we were seeing, then people panicked and this made the crash faster and more profound than it should be and the price is not recovering basically because now people are afraid this could happen again.

There are more chances to it.  The shakes and whales do occupy major portion and holds back which in turn does not support the growth. When the coins are circulated the value grows up but when there is no circulation, the value remains the same or does not manipulate much growth.

I also feel that the main reason, is unfortunately, some manipulations. You shouldn't be cryptorich, you can be just rich, and so enter cryptos and shift the market. Market cap is huge, but not comparable with fiats, so it's very possible. Low circulation due to Hodl also negatively effects prices

i think there are the following factors . 1. Mtgox is selling bitcoin in bulk . 2. upbit was investigated by the government.(south Korea's largest exchange)  centralized exchanges often have problems . hope they are eliminated .

whales are releasing their holdings and buy back at low.
many countries want to regulate the capability and manipulate many cryptocurrency especially bitcoin.
FUD and fake news make people panic.

It's interesting how some news of hard forking coins to prevent ASICs from mining brings out all of the secret ASICs on the market.

The biggest problem is the manipulation from whales who dump at higher prices and buy back during dips.
And again the market is just so delicate and fragile, whatever small news turns to FUD, put people in panic mood and everyone will start selling off like an apocalypse is coming.

Well, the statement actually holds! Let's face one thing, the whales rule the market one way or the other, and this is still a very small market with so many inexperienced traders that makes it easy for them to manipulate as that is where they simply get their own bucks.

Anyway, we cannot run from it and we will just have to accept how things are and even though some may not like the idea, but there would always be market makers.

Lol. I guess market maker are still trying to have a filled day trying to drive it a bit downward to get to hold more position for the long run before thinking of the moon. Well, we are here and that is one thing we may just have to live with.

However, the bear trend was inevitable after the unnecessary FOMO last year, so we just have to wait to see how the recovery phase is going to be like or how far we go lower as time only can give us the answer.

News, market movement and all sort, will only affect those who allow the movement to affect them. Nevertheless, it is strange to see people investing for the sole reason of making quick profit when bitcoin is not a get rich quick scheme or the whole crypto environment but it is meant to be a way to invest in the future.

Nevertheless, I guess this is one of the things; we will have to keep seeing. Bear trend is normal and anything could have caused it but in general, we cannot expect a market to keep moving up without some corrections.

Bear trend because of the manipulation of the whales or those who are rich? We can accept the fact that this whole game of crypto is because we're taking advantage of the pumped price that has been done by large investors or the whales. During the bear trends, it can be because of the seasons. Traders also have their own lives celebrating some occasions then because of that occasion they intend to use their side profit from cryptos rather than their own net profit from their own respective jobs.

Because cryptos are quite accessible globally, everyone has their own choice to sell. Now that sell turns coins into dumped coins hereby increasing the supply. Now because the supply is increasing where it becomes higher than the demand, the price tend to dip in certain occasions.

not just rumors but it is likely that the news is true because the whales who destroyed their markets made a profit themselves and the victims were small traders, when they had profited and then left.

It seems to me that it is. Most likely we are completely dependent on the whales ' desire. And they decide whether the price will rise or fall.

Hello most likely it was at the very beginning of the market. Now some coins have a huge capitalization and the rich will not just manage the price

I think its all a game plan of the market makers they want to buy the dip and sell the hype.  So i guess its normal trend of cryptocurency

As far as I know about the crypto currencies, there is one thing which I am sure about and that is the ones who are patient are the ones who will be the richest persons because of the crypto currencies in this world and the ones who will remain hasty will never be able to make anything good and that they will lose their money most of the time. you need to make some proper strategy so that you can do the things in the right way.

A cryptocurrency exchange hack in South Korea has fueled a $46 billion rout and extended this year's Bitcoin slump to mor than 50% bloom.bg/2LGQqyh

I heard that there's a South Korean hacked, however, most of the people are saying that its not as big as other trading exchanges in South Korea that's why I was quite surprise if this is really the cause because the impact is huge. I will understand if its one of the well known exchanges, but its unknown. So I speculate that it has something to do with manipulation, someone just used this hacked as a catalyst to really crash the market and cause panic again so that they can purchase bitcoin at a cheap price and make this wallet fat again.

Mostly because of exchange hacking, and the rest is just fud. And this bear trend is so strong like it doenst want bitcoin to recover or maybe we dont know its just another trap by the bulls.

Or maybe there are just no new investors coming in and traders are just making short term trades now than making doing the HODL. We need more big players to turn this around the marketcap will just continue to dwindle.

If we look at the past, then we will get to know that similar things like that of the downfall in the market value of the crypto coins had happened in the past too but after that dump, the market values rise much higher and that I am very much sure that similar thing will happen this time too and that we will then be able to see much higher market rates which will help the investors in making more money.

The beginning of the bears market was caused by overheating and overbought in the cryptocurrency market. Of course there is manipulation in the market, otherwise it would be calmer and less volatile.

Yes, any market movement that was not warranted for most especially when it is an upward movement that was fueled by greed and the fear of missing out, it is normal to see people panic easily when the trend starts changing. The market is generally volatile and it is something I expect people to have gotten used to by now and really nothing anyone can do about it than to either trade the trends or hold until they are making huge profit in the long run.

Always traders' sentiment alone plays the vital role in deciding the trend. After prices got doubled within a 25 days in last November month, everyone was expecting a reversal which might be the first trigger for this bear trend. When we are having the bear trend for more than 6 months, I guess traders will change that sentiment into bull trend. This may happen in coming day.

i think just because  last year the price of btc up too many and its nature many invest sell out btc to get big profits to package!
this is the markets! up and down and then up and down!

Your point of view seems ridiculous to me. Although sec and controls the ICO, but it does not control the price of bitcoin. I will add, the main interest and demand for bitcoin has always been in the Asian market, but not as in the Us. As the sec has no influence on Asia.

There are so many assumptions for this trend.
1. An exchange got hacked. I think it's Bitrail. But, there's a strong counter argument that the trading volume in the exchange is so small compared to the overall market that it should not have such effect.
2. Researchers claim that bitcoin price was strongly manipulated using tether during December. I think it's during December 2017 or January 2018, when there were so many rumors about tether, someone made such claim too. It's not a new FUD. In my opinion, market had already overcome it.
3. Uncertainties regarding SEC decision. For now, BTC and ETH are not assumed securities. So, that doubt is also over for now.
So, these news are currently hot and I don't think these are even news. They are just noises.

I think it was caused by some negative publicity which caused panic in the market.

Anyone will obviously say anything as long as it proves their theory right but in reality, no one actually knows what could be causing the bear trend. However, it was inevitable with the movement we ended up having around last year and I believe with the way things are going, we are not even through with this trend at all but one thing for sure is that the market has some little bit of manipulation somehow to it.

Some can say, it's happening for SEC. I agree with them but it's not for a long time. We saw previous stress on the Bitcoin but after few days or weeks, it's gone like nothing. However, we are waiting for any final result from SEC. After it will go normally like previous time did.

That stress is still going in the market bro. If you want to invest on the bitcoin you may go ahead today and invest your fund on it bro. Then you will be able to make the more money with the investment you do with the bitcoin or altcoins by investing it on current market situations bro.

I am not sure about why the market really going cheap in the price chart bro. If the value goes big I love to invest more now bro. Even everyone.

Well, it is not a challenge if you actually know what you are doing and know how you can play safe. As much as you can make a lot of money from it, that also brings about the risk involved as well. Nevertheless, we have to understand that this is a decentralized market with no control and that simply makes it volatile in nature and for one thing, it is always important to be careful either when investing or when trading.

Are the whales manipulating the price of bitcoin? Probably, does this means everything is their fault? Not really, the price of bitcoin grew too much too fast, I do not know why this is so difficult to understand it was that simple, when you have a distortion in the market, the market tends to suffer an overcorrection and that is what we are seeing right now.

This is just my observation, but I think the bear trend started when some exchanges got hacked, specially the Mar-Jun season

Their could be various factors attached to the downfall as it may be some profit booking happening by some of the big investors, some fud news spread across due to which the panic selling would have started taking place. The recovery should soon begin now.

I think it started last year, when bitcoin had reached an all time high, since there were a lot of FOMOs then, the network started tk congest and transactions was slow and very expensive, since the value of bitcoin then was so high, alot of old investors or early adapters, had cashed out their bitcoin since that is the goal, to make your life easy, to make your money work for you, then afterbthe sell off, the FUDs came out, exchnages being hacked and the release of bitcoin by Mt. Gox, that contributed down fall, I don't see the market going back to its prime any time soon, until all the issues from the exchanges had been resolved.

The price has suffered from the beginning of the year and it is clear why this was the case, there was simply too much money in the market and as soon as the price went down because some people were taking their profits people began to panic sell, this created a cycle that fed itself and after a while it was impossible to stop the crash, to me it is not really complicated to understand.

Where is the too much money ? What you mean by much money in the market ? You mean the bumped prices were tended to fall down ? If that is the case, the bear market has started or fixed from the beginning of its rising itself. I guess we cannot say just one reason for entire fall of the market. People pumped the market and now dumping. This must be the real cycle

After a big bubble, a crash must be inevitable. Bitcoin's actual worth by end of last year must be $10k only it seemed but traders bumped up to ~$20k then obviously it has to fall below its actual worth too.

We shouldn't be surprised at this current downtreend. THIS IS NOTHING NEW.  Go back at past charts we have survived worse dips then this but bitcoin always comes back stronger.  We survivied the Mt GOX hack crash, we survivied #30 down to $2. You can't kill bitcoin.  At this point there is so much money invested in mining infrastructure.

I feel bad for the panic sellers that are getting out right now.  They are being played and manipulated by the whales that are just looking to accumulate more.  This upcoming bullrun these panic sellers will be crying.

There are many speculations that this is happening and I agree with them. I think there are some rich people who are preventing from the price of bitcoin to rise again. They are manipulating the price of bitcoin. Although there are no real evidences with this, many believe that the price of bitcoin has been manipulated by the whales.

FUDS FUDS FUDS!!! These 4-lettered acronym made this bear trend. Sudden hacking on the exchanges, government regulations etc. I can't take it anymore  :'( :'( :'(

I don't know if a particular factor could be identified as the reason for the bearish trend.
I think it's just the nature of cryptocurrency, huge pumps can't be sustained forever. And as more people cash out, it could spark a dumping spree, also price manipulation, political regulations can play a role.

According to the law of the universe - that rapidly growing has the property of rapidly falling, respectively bitcoin and the whole market grew quickly and also quickly fell to the bottom :)

Amen, market will recover sooner or later and blockchain will be the technology that will support it!

Hopefully, that is not the case as bitcoin really is good in use currency to the point that it has a nice market value, but who really knows honestly, take rumors with a grain of salt.