Bitcoin Forum

Over the past few days, there  was a  significant rise in most of the assets on the crypto market including  the altcoins. For instance the value of Ethereum  also rose alongside bitcoin. It has become rather strange to me that there has been a sudden fall also, I don't know if some major traders or whales are playing mind games with amateur traders. Most bullish and bearish runs comes with a major news but this case was different.

I'm not sure if there was any major news. But except for the recent Craig claims of being satoshi in the media. I don't understand if it could be a cause. Perhaps it could be creating panic  ::)

Sometimes too, there might not be any news to cause a fall or rise in price.

I also don't know why the sudden changes will happen to the market very quick time and this dump will not be accepted by anyone so experienced people please tell about why this was happened to the field of cryptocurrency for most of the people don't know about this dump

The sudden pump did not happen. As a result of any major news so the fall does not have to result from one.
There are many factors aside media reports that affects the price and can cause a rise or fall in the market.


This was not a bullish run. Simply changes (rise and fall) in the chart.

I think we are well past the times when news moved the price like crazy. IMO institutional investors are the ones moving the market these days. There are not many retail traders remained in the market. If you are not an experimented trader you will have a hard time trading on this market environment so be extra careful and try to preserve your capital first!

Long story short: Lack of interest. Institutional investors are looking for liquidity which doesn't satisfy them currently. Major news affects prices but this doesn't mean only news can cause wave on graphics. No need to for drama. We can ride these waves without emotional connections. Traders already left the party and who cries are the ones who late to the party.

Is not the price move possible without reason? If we look for reasons behind every move in this volatility, we can not find time to trade. Reason will be come out soon (even if it is not the reason), but what will change?

Because the market is controlled by someone and they don't need any news in order to move the price up or down. This was probably their plan, to move the price over 4000$ then drop it below with 500$ instantly. I don't know why this happens but I'm sure they have a plan for this.

In the market we have a straight down trend. There is no reason to think that resent rising should continue. It was just a liquidity accumulation.

It's normal. There are still people who hold very large amounts of coins and can dump instantly crashing the price. As long as a lot of supply is in the hands of very few people it will be impossible to avoid these dumps. Good news is that this is the extent of what they can do. Like on Bitstamp they dumped 500 Bitcoins in 1 minute and that was it. They got rid of all they had and earned some fiat and that's how it ended. If people don't want to play their game they don't follow and sell after the dumpers and the dumpers are forced to buy back.

I am not sure about this increase is good news. the market may change at any time and phomo is a dangerous part of trading. utilizing the best moment and running is a strategy that must be considered.

Last few days ago the market increasing but loook it right now they started dumping again Im so sad of what happen we expect bull run happnes but it falls alarm it is trap only. But even it's not start the bull run we can still invest to the bitcoin because we have another opportunity now because the value again decreased. I don't see any news why does bitcoin dump again but I hope obce I see any news it will be good news.

Same way the market pumped earlier in the day ,same way it dumped barely 12 hours later.It simply shows there were some greedy whales who choosed to manipulate the market for their selfish agins.

Maybe it is only bull trap, actually i'm not really know how bulltrap system because not really always look on market. But what i know if price pumped a little then dumped a lot maybe only bull trap.

I believe that the market is being manipulated. In this case, you should stay away from any trading as this couldnt be safe to your funds

There's no need of big news.Just some whales sold big amounts of btc and the market is down.
At this point,no major bull run will get support,because there's no reason for a big mainstream btc hype.
We aren't expecting anything that can pump the price dramatically.No ETFs,no Bakkt,no big institutional investors...

It's obvious that someone with a big amount of bitcoin dumping the market this manipulating are realky sick no need for them to relly on any news to take action. Just take a look with this one

200,888 #ETH (28,136,914 USD) transferred from Unknown wallet to #Binance

Tx: https://t.co/AQIxiZRvtN
If this big whale who has a lot of ethereum in their wallet sell immediately  we can assure a dump for ethereum.

We just have to get used to this, market dump is normal, I always believe that it can be manipulated and whales will also do their thing.
The only way for us to benefit on this is to be cautious, don't get too excited, analyze the market properly so you can make timely actions, they are here
and will always be here as long as they can make money with crypto, but don't worry, this is not the end.

It isn't a bull trap but just a simple pump and dump of the market and this is still norm. But if you're one of those people that bought during pump then you're messed up right now unless you just hold it for a moment and wait for the market to recover again.
With this sudden increase we should already anticipated the reverse effect of it, and it's happening right now.

We lost 15 Billions in 30 minutes so it's not news that did this. It's probably a few big wallets who decided to short.
Some say it's due to bots used by exchanges to do wash trading.

It's because it happens less than one hour. Actually, after that there are a lot of news that happend. It's just so quick that a normal/average holder would not realize that coming.

Some big players are manipulating the market for their own benefits, that's why some time we see the sudden price drop without any reason. Because of this, cryptocurrency is considered very risky investment.

It looks like the market will not move above $4000 anytime soon, we had a good recovery but everything came down after touching around $4200, the sudden gains surprised me and hence this fall is not a big surprise either, even in the last rallies we had these situation where the price test two resistance valuation and then we will see a correction, may be the future market has something to do with the current fall, either way last weeks recovery was promising and we will see a good recovery later this year.

We dont need a news for us to see when the market will react, anytime of the day the price are moving because of different people with different actions in the market, whales and huge time traders are always on the go when it comes to the movement of their coins in the market so we should expect that anytime the market will move.

I think thats not what the op mean  . he means that there are no news to warn people that the value will dump . he simply complains because he didnt get notified .  i believe there were no news that come out because they intended it to happen  . what happen is actually a bull trap  . now i can see that the price is starting to increase again  . this can be a sign of another incoming  bull trap , so please be aware with that guys  . dont fall for them  

There is no need for major news to tell you that it is just a bull trap and everyone thinks that it is the start of a bull run but turns out that they just been played by the whales. It is considered already a bull trap if you see a sudden pump without some major news and there is no need to be in shock since this has happened before.

Sudden dump? isn't it expected after a rise there's a fall? You've been trap you let yourself go with the flow and believe like others did that they think it's the start of bull run. There's no need for major news to have such dump. It's their selling point and they have done while you guys are still assuming of bull run.

I think it's an obvious thing. As you can see there was no big event for which the price of crypto increases so much in 2017 & dumped in 2018 & continues. When the price rises everyone was happy & no one wondered why the price is going so up. But when the price started falling down everyone got panic & started dumping & resulted in a disastrous market situation. 

Well, that's the news provided by the common people who are into the cryptocurrency network. Beyond this from experts perspective this is not a big defeat, because even though the market fell 15 Billions in just thirty minutes time what it achieved is big. They've reached a ten month high in the market capital.

This person is actually looking at the chart.  TYVM ;D

There is only one problem within it.

You are all thinking it is already a bullish run.
Yes, it could be felt with Ethereum but not with bitcoin.
Since Ethereum gained 2 digits in price, mostly traders will have to dump just so to get some profit out of the big loss that happened just months ago.  ;D

Do not assume there is always a bull run even if it takes a $100 difference. You are just hurting yourself.

In every action there is an equal reaction. so if there is a sudden rise, there could be a sudden dump. Although we know there is manipulation here there are however people who really want to take profit and accumulate more coins and those who acted like they panic are the ones going to make better profit as they just knew when to buy back.

With that time interval its obvious that gainers doing the short trades really make some huge profits, we have to consider people who also
have a good skills trading in a short term basis, they already hit the target and sell everything to make a cash out from a week of working with
the market.

We can also ask why the sudden increase without any major news as well ? What happened that made the bitcoin price starting from 3400 went into 4200 or so? There was no news worthy of an increase at all.

In fact there was only one big news that was shared on mainstream media about "crypto" which was blockchain news of how JP Morgan was thinking about using blockchain to make their transactions cheaper and faster, which has absolutely nothing to do with bitcoin at all. That is why asking why bitcoin went down so quickly without any major news that would affect the price is quite wrong because price doesn't move because of major news alone, it moves because of all kinds of things, this is a financial market, that is what financial markets do, they move constantly.

I haven't heard of any news heralding what to come in the cryotospace, no news can exist as nobody is sure of what's going to happen
Most of the hearsays are just speculations which luckily most times turn out to be true
Investors are well aware of the risk involved in investing in the network, uncertainty is a dominant feature and it makes it more difficult.
You could gain at one second and lose at another

It has do with supply and demand I don't think the price pullback or retracement has any thing to do with the any fundamentals some professional traders will sees the recent bullish runs as a bull trap having called for cautions as a trader, I also believed the price had not really kick started the expected bullish runs probably the resistance at $4K+ is very strong.

That's why don't expect early just because there is a sudden change on bitcoin price recently.

Look at you guys, now full of questions to the fact that honestly there is no such thing as big deal on the recent "rise". Let the price goes through and give it a quiet some time before speculating what will happen next. It will just give you an expectations and to the point that people will look on "specific" reason whenever goes up or it goes down.

News might be one of the factor but don't stick on the thinking that it can be considered as major one.

Welcome to the new era of crypto trading. Gone are the days when news would lead to a pump and a sudden dumping of the market. What we are seeing these days are just movements. What you need to know is to have perfect timing on when to sell or buy or just hold to avoid all the TA stress.

I was surprised yesterday when I opened my wallet and see big dump and from there I have to check some of the news sites but couldn't find any reason why bitcoin and cryptocurrencies fall in that ways.  But I think the reason is the normal way the market has been behaving.  The investors that buy bitcoin around $3700 or $3200 has to take profits from the current Gains in the price of bitcoin
and others cryptocurrencies.  

Technically it was a false breakout; attempt to break the $ 4100 ($ 4200 Bitfinex) but did not hold up, and a return below $ 4100 triggered stop loss cascade generating panic. No news has triggered this movement, very simple TA

Its expected, because the market will not move an easy up trend and correction will be there. Its also possible that the whales manipulate the market again. Nothing to panic about, everything is under control by the whale, believe on them for sure they will still pump the market.

I think the whales is playing games with the investors and this dump is predictable, since the rising happen without any good reason, from the chart it also show a weak support when the price going up, so it's not strange that the price fall back

This is game of big whales, so to minimize the risk from price manipulation we always use stop loss and trailling stop, i think no body will know if the price wil dump more than 10% just a few minutes, and we can not handle it by doing cut loss manual because not possible to stay in the front of trading platform all the times, so feature of stop loss will help us to cut the loss immediately or to lock the profit.

Market can be manipulated but in this case, I don’t think it’s necessarily being manipulated by whales or major trader. It happens a lot when some markets are trying to break resistance. In fact this is the period many traders make more cash when you are able to analyse the market clear using charts and indicator available to us.

Falling prices might get you rich if you know how to watch and trade with caution, to me I watch the trend to see how it will takes shape before trading, once it has tested a particular value before falling, it will surely test it back, so it’s best you buy little you can still afford at that time.

For most that are not traders, since there are always uncertainties in the market, the best line of action always is to do nothing and let the long-term growth take place.

Sudden bump also happened without any positive news for the crypto currencies then why you are worried about the dump when there is no news for it.

This is common with people, always growth won't happen. There will be fall in between, before getting into cryptocurrency it needs to be understood. There won't be any prior indication as well we don't know whether the market is gonna react for the news. This is why the crypto market is termed high risk involved than the other platforms.

Sometime thing happen without having any reason. LOL. In this market, you shouldn't be too surprised just because of sudden dump like that :). It's just a fall back after a small pump because bullrun doesn't really happen so this dump is just normal at this time.

We need to understand that this is the way of market, not all times market can be predicted or control by news though we can’t rule out the fact that it does have lots of influence, the rise of some coins in the previous week such as ethereum as not by pump which could reverse itself in preparation to test another value.

Let us work more with analysis and charts available to us, from these charts we will be able to accurately predict what will happen to whatever coin we are holding. This week I expected ETH value to hit at least 180 usd so it’s still a good news. If you learn to become a very good trader, whales or major traders will not be able to play with your trade.

It proves that cryptocurrency is not depending on news, maybe sometimes but it matters on how big the news is maybe the game of accumulation is starting again pump a little and then dump so that they could profit more filling their bags before taking off. Its a nature of a market, volatile and unpredictable
.

News is the main factor affects to the psychology of traders who decides about price. News alone can't move the market even 1 pip. Sometimes strong news can't make any movement on markets because of the idea behind "Buy rumours, sell facts". Pro traders know how to handle big news and more importantly when to leave market. New traders often make such mistakes.

There doesn't have to be news for price to move up or down; there wasn't any major news when we started going up from the low $3000s, and it's also unreasonable for prices to continuously rise without any sort of retracement. As for the reason why we dumped, that's anyone's guess and we may never find out. It could just be a whale decided the price was at its local peak and dumped a few hundred or thousand coins and traders piled in on the red candle down from $4000. We're still crawling upwards in price on exchanges like Bitstamp and I feel it's still likely we'll break through $4000 much more assertively than last time around. Support's holding up pretty well in around $3700 Bitstamp price, but if we go further down from here it could be a pretty long and stagnant spring.

Whales controlled the crypto market,  and they can do anything what they want.  They possible to pump and dump this crypto market.  We can only minimize the risk by use management of risk and money because the price action of crypto will be very difficult to predict and possible to dumped just in short times. 

Even the whales controlled the crypto market, they cannot move the price every day. But I don't think that all of the whales want to dump the market because I believe that some of them want to stabilize the market and they will lift the price soon. If the market is a dump now, I am sure that it will get a pump soon because no one wants to get lose the money and I am sure that they want to make a profit from the market. Just be patient for a while and meantime, you can use the opportunity to buy a lot of coins at a low price.

THe big boys are playing with us as they please. The crypto market is tiny and as a results it's easier for some early adopters and affluent individuals to influence the market and drive the price up and down.

I think is just a panic thing or people where just waiting for opportunity as this to step out of the market and make some decent money from their assets either way lets the market bounce back as the step back was not that hurting at all

It's just speculators again, booking their profits at $4200. They just waited for the perfect time to make money, probably in $4k, but people are still buying and FOMO'ing.

And when everyone thought that we're ready for a bull run, they immediately sell and probably going back to the market when the price is low, maybe @3600 or something and then rinse and repeat.

Somehow the news of Nasdaq listing (for Bitcoin and Ethereum) went almost unnoticed. When it was announced Bitcoin started to rise. In the weekend before coming live, Bitcin has fallen.
Maybe the speculators / traders were hoping that this listing gives more traction? Or just used the news for a pump and dump? I don't know. But there were news involved in this equation.

This is likely the most accurate. I wouldn't call it a false breakout or bull trap like I'm seeing some channels say now, rather a failed breakout attempt. A few things I found strange though, the volumes were better than expected, and it held out for longer than 24 hours, but I think there was just too much TP after 4100 that caused the buyer strength to fade out. The tumble also wasn't as bad as I was expecting too, so there's that.

I hope you know that this pattern emerges at the mid-2018 if I'm not mistaken. Just look at the $6000-$6500 range on bitcoin, we have been in this price levels for a long time, and when we're about to take off and make a good run, suddenly the price goes down without any signs or news, which lead me to believed that many speculators have been doing lots of day trading and using bots. Why bots? It's easy, you just have to set up everything and then just BOOM, billions wipe out in matter of minutes. The good thing though is that the price didn't go down to where it is prior to the rally, which is $3600.

In my own point of view, the sudden dump or pump of the cryptos are caused by the demand and adoption of the players or the traders, while there are more people buying, the price will pump and when the selling is more than buying, sudden pump will happen, well, that was just my thoughts.

Is it really that large for it to be called a pump?
I dont think so.
No need for any news about it. It is just a fluctuating market, it happens.

Why look for a reason if you are in an industry where it can move freely without anyone knowing it. Traders can take over or an investor could sell anytime or buy. Thats it. All the reason to it.

usually a dump will occur when there is bad news and chances are you just don't know the bad news like what makes traders panic, making the price a dump. because if there is no bad news a coin price will not be a dump.

Welcome to the market bro where everything is possible, that's why it's called the free market in the first place.

I believe that the rise and the dump is done by some whales who are looking for good methods to make lots of profit within a short period of time. They go into the market buying a lot of coins at a particular price, when the price exceed that of which they bought the coin, they make a dump immediately and take out profit.

as it will surely happen, the disposal of assets by the great pope will be no news because I think some great popes do not want to be associated with media news, maybe on average media news contains FUD news, I personally do not like to see and read news like that, and think you're right the big whales can play in the crypto market.

There is nothing you can do about it maybe the one in power to do that change his or her mind and sold all his or her money before it losses a lot more while it is in the market. The aggression of FOMO is slowly reduced by the time Bitcoin change its pace not only reducing its price as well as the investors that are interested in it began to fear it.

Since the bull run in 2017, many major traders have been very active in the market, they have always been trying to manipulate it in their own benefits. Specially newbies are getting caught in their trap, as they are not well-experienced.

we don't ask about the definition, and the OP also asks about dumps instead of pumps. although now what happens in the market is pump.
a dump some time ago, started in early 2018, and continued to decline due to weakening market confidence

All things always happen on this market so expect the unexpected scenario even though there's no major news behind on it .because in fact no one can easily get some information especially when there's a dump in the market wherein because of being so unpredictable of the market and because also of some big players that suddenly manipulate the price without any sign or news before making a dump.

I wouldn't say manipulate but those speculators are trying to short bitcoin day by day that's why we didn't see a jump on the price. But seeing the price spike in the last 2 days? I wouldn't say that they can easily manipulate it as they used to be because a lot has been jumping on the bandwagon and doesn't want to miss the boat again.

As for those newbies being trap, I'm sure they have learned their experience in a hard way and and at a cost  as well.

People should think ahead if they want to beat market. With all of this bigger players in the market, all we could do is to ride with them since we can't beat them with our money that seems to be like a dust to them.

When things happens without any major news, that just means that it is a market manipulation. Which means that you guys are a victim of a bull trap that happen to ride on their trap. You all know whales could always make a trap if they they want to.

Yeah we're not getting any sudden drastic dumps anymore aside from the usual corrections. It's possible that majority of the weak hands have been flushed out of the market already and those that were left are those who understood the movements better. But manipulation of course can't be discounted at any time. Even if we don't admit it, the market can and would probably be manipulated by some people with the means to do it.

It's not just news that create a dump in the market but activities also contributes in creating a dump in the market, or do you think that the dump we have been seeing since the last quarter of 2017 was caused by a news in the market, if so then you are very wrong, what was happening is that we are seeing a correction in the market which is very normal because a lot of persons who have made profit over the years are taking out their profit from the market.

Bitcoin went down then for it to gather momentum for the current bullish trend we are seeing.  I think we have started understanding how this market work and some of us have started investing along the price action.  I Cryptocoins market it is very impossible for the market to be stagnated for long-term and what ever that happened bitcoin and others cryptocurrencies are going to recover!  I have see another road to the top again though it might not happen this year.

We are in the process of reversing the bear market... Yesterday was like a flare... Not fireworks... Gonna take some time to hit new all time highs.  Dump looks like profit taking by the trade bots

We went up from $4100 to the $5000s (Bitmex pricing) in a day, normal to see a little bit of pullback after such a violent price movement. We could very well be seeing a reverse $6000s dump situation here where prices rapidly break up to near $6000 or the mid $5000s as there was a bit of resistance there on the way down, but we didn't drop all the way back down and bulls were defending $5000 very well, which volume shows. Will be interesting what happens tomorrow with prices when the market makes up its mind. Personally expecting more upside to this movement.

Actually news always late when there's a scenario happen. so stop wondering why there's always a sudden dump without major news because indeed it takes time to make an analysis . Which much better to take the opportunity to buy or build new strategy if you have holding to assure no matter what happen you still have another choice to protect you capital. Because that sudden dump is normal only on this kind of market due to some greedy ppl.

I think as at the time the OP made the post, there must have been a dump which should have even been the best time to buy the coin then provided it is a good one, we can see now that the market has really gone green and most of those coins that were dumped are beginning to also gain momentum in price because of the bull run of BTC that is presently going on in the market.

Now, I think it is already getting to late to catch any low price again till further notice or when the bull run comes and leaves the market back to bear which I am Not so sure if the market will still take bear direction again.

I think the market doesn't need any news to get dump because that will be a traders option. In the market, many traders want to buy bitcoin at a low price, but there is a trader who doesn't care about the price, and they will buy bitcoin at any price. So that will make the price moves in any level price. So you don't need to feel sad or worry if the market is down for a moment or a day or so because if that is the time for the price to increase, then the price will increase.

Yeah, volumes look good

And not just with Bitcoin but with other cryptocurrencies as well (I mean top altcoins). But what bothers me is lack of any news that would account for such a sudden surge (or maybe I missed that news). It might be the case that the market has been severely oversold but with speculative markets where the idea of a fair price is virtually nonexistent, it doesn't seem very likely. So we may have a wealthy individual or some institutional entity having made up their mind to enter crypto in earnest. If so, that may in fact mean the reversal of a long-term down trend

it is because of their is no comfortable situation with the cryptocurrency from a long period of time from the beginning of this year there will be a good vibe but chances of getting the market better in this situation will available for every currency that we are invested previously so I think the changes will happen from this year will be possible.

Many traders are taking profits which is normal in this situation but the markets will have to show us the trend is really turning bullish and it's not just a small recovery before a continuation of the bearish trend. Some bears like Tone Vays are still repeating that we're going for 1000 dollars. I saw him yesterday talking about the same thing when the markets were pumping. If we defend 4600 the next step will be 6000.

This is quite a logical situation now. The market starts to grow, then falls again. The beginning of April in General showed a very good result in the market, so I think that by the summer the situation on the market will be much better.

Price fluctuations may arise when there is a huge buy and sell volumes in the market. It can be normal to experience ups and downs as we are depending on the market situation, so we never expect that all we're in the rising trends and might possible that after this pumps, crash will follow. That is why we should have to prepared for any possibilities happen next.

Agree, the trend shows an increase and correction will always be there when the pump occurs. The main news or issue about the crypto market I think has happened and now is the impact of the strong news at that time. The main news or whatever will affect the price on the market, but it will still need time and the market always shows fluctuations at any time and that is something that has usually happened.

Cryptocurrency is still trying to find its feet and recover after a heavy dip .many are still afraid to pump in money for now. But with time we will see another significant pump and rise in price of token

I agree. if we are going to understand the market there is really no certainty in here, remember that bitcoin has no intrinsic value it just got valuable because of supply and demand law. Pump without announcement? Does the cancer cells says when it gets to your body ? I guess not.

It is funny to see title of this thread. I just know if price will pumped or dumped, there are announcement to people.  ;D If something like that happen, maybe a lot of people in this world can be rich because can predict where price will go.

We are eagerly waiting for the new ATH value and at the same time, I am still well prepared for the dump if it becomes inevitable, we will all play the smart game along with the whale, I have some fund already in bitcoin and if it eventually get dumped, I have another  fund set aside to buy again at the dumped price which will make the equation balance, any of the sideway bitcoin choses to go favors me, I am still in this investment till the next 10 years and I don’t expect the price to remain same till then.

Whether btc get dumped this year or not, I know by 2030, BTC price will surely get to $100,000, anyone that wishes to bet is welcome.

No it is no more bearish now because we know once market start pumping then it get to the higher price then it turns to the bearish so till now market has not been higher top the peak, I know yesterday the price was so down but it has started to rise gradually, it can happen anytime as I have seen price rising within days and falling within days because crypto currency is unpredictable and it is so volatile by nature.

This year’s been quite different. There have been an increase in price recently and there was not any major news that stated the reason as to why such happened. Everyone has just been speculating about what might have caused the increase that has happened.

As usual, they have tagged it to the whales. We don’t really know what’s going to be next, if the price will drop again or if it will continue to rise. I have been a lot of analysis, but they are not really sure of where it’s going and there still hasn’t been any news to tell what’s happening exactly, but whatever…

Not all people do have same capability as yours on where you do have the funds intended for dump or being reserve.We should play smart if we do like to be profitable yet this is the only way.
If you are going for long term then accumulating bitcoin is primarily targeted and as lower price as possible.