Whales trying hard to push the price down to trigger FOMO before big rise

[thejaytiesto]

Whales stopped again the uptrend by pushing the price down and hope weak hands do the rest and create a sell inertia. It's clear that there is an underlying bull market wanting to explode beyond the last 1,200$ ATH but whales are too greedy to let the price explode so they are loading up on cheap coins for as much as possible. Any correction is possible but price will eventually explode all the way up.

[kwukduck]

What underlying bull market?
You're deluding yourself.
Focus of all the smart people is on crypto 2.0.
Bitcoin is fundamentally flawed and nobody is willing to fix it.

[iikun]

Agree with the OP. The sudden dumps over the past few days are a clear sign whales are at play. Getting people jittery keeps the price low & gives them a chance to bottom feed on the dumps.

In the current market Bitcoin doesn't move on fundamentals, it moves on emotion. So flawed or not, even a little good/bad news is sufficient to shake the price.

[PigUsher]

Whales stopped again the uptrend by pushing the price down and hope weak hands [yadda yadda yadda]

Those whales weren't, by chance, responsible for the $100 spike a few days ago, were they?
That was natural, organic growth due to merchant adoption and sociopolitical macroeconomic fundamentals yadda yadda yadda?

[iikun]

Whales stopped again the uptrend by pushing the price down and hope weak hands [yadda yadda yadda]

Those whales weren't, by chance, responsible for the $100 spike a few days ago, were they?
That was natural, organic growth due to merchant adoption and sociopolitical macroeconomic fundamentals yadda yadda yadda?

Market anticipation of the halving & natural human "I don't want to miss out" sentiment. Of course it resulted in over-buying & fell back down again.
OP is overstating it, but I agree to an extent.

[PigUsher]

Whales stopped again the uptrend by pushing the price down and hope weak hands [yadda yadda yadda]

Those whales weren't, by chance, responsible for the $100 spike a few days ago, were they?
That was natural, organic growth due to merchant adoption and sociopolitical macroeconomic fundamentals yadda yadda yadda?

Market anticipation of the halving & natural human "I don't want to miss out" sentiment. Of course it resulted in over-buying & fell back down again.
OP is overstating it, but I agree to an extent.

Markets anticipated the halvening back in 2009. If not for the halvening, Bitcoin would continue inflating at ~10% a year, as it is doing now.
Of course whales are "manipulating" the market, they want to make as much money as possible. That's how the market works, it's not a hippy charity.

[lexico]

Whales stopped again the uptrend by pushing the price down and hope weak hands [yadda yadda yadda]

Those whales weren't, by chance, responsible for the $100 spike a few days ago, were they?
That was natural, organic growth due to merchant adoption and sociopolitical macroeconomic fundamentals yadda yadda yadda?

Market anticipation of the halving & natural human "I don't want to miss out" sentiment. Of course it resulted in over-buying & fell back down again.
OP is overstating it, but I agree to an extent.

Markets anticipated the halvening back in 2009. If not for the halvening, Bitcoin would continue inflating at ~10% a year, as it is doing now.
Of course whales are "manipulating" the market, they want to make as much money as possible. That's how the market works, it's not a hippy charity.

"inflating at ~10% a year, as it is doing now" ....
you are not very good at math, are you?

[Bit_Happy]

Whales stopped again the uptrend by pushing the price down and hope weak hands do the rest and create a sell inertia. It's clear that there is an underlying bull market wanting to explode beyond the last 1,200$ ATH but whales are too greedy to let the price explode so they are loading up on cheap coins for as much as possible. Any correction is possible but price will eventually explode all the way up.

Instead of a 'Whalespiracy' to drive down prices, maybe some people are scared that prices are going back down under $300?
The long-term Bull is probably getting ready for a huge party, but we do not know for certain.

[PigUsher]

Whales stopped again the uptrend by pushing the price down and hope weak hands [yadda yadda yadda]

Those whales weren't, by chance, responsible for the $100 spike a few days ago, were they?
That was natural, organic growth due to merchant adoption and sociopolitical macroeconomic fundamentals yadda yadda yadda?

Market anticipation of the halving & natural human "I don't want to miss out" sentiment. Of course it resulted in over-buying & fell back down again.
OP is overstating it, but I agree to an extent.

Markets anticipated the halvening back in 2009. If not for the halvening, Bitcoin would continue inflating at ~10% a year, as it is doing now.
Of course whales are "manipulating" the market, they want to make as much money as possible. That's how the market works, it's not a hippy charity.

"inflating at ~10% a year, as it is doing now" ....
you are not very good at math, are you?

My math is fine, stop flaunting your ignorance. Block reward, the 25BTC created ("printed out of thin air") each time a block is solved? Yeah, that's
monetary inflation.

[MatTheCat]

Whales stopped again the uptrend by pushing the price down and hope weak hands do the rest and create a sell inertia. It's clear that there is an underlying bull market wanting to explode beyond the last 1,200$ ATH but whales are too greedy to let the price explode so they are loading up on cheap coins for as much as possible. Any correction is possible but price will eventually explode all the way up.

The same whales responsible for the pump in the first place, and who already triggered a shit storm of FOMO, are now getting PAID!

And they are still getting paid, and will continue to get paid, until they start to reload their lorries for the next round of hookey shenaningans.....sub $500 would be my guess...well below most FOMO participants entry level, and enough to have a good chunk of Bitcoin momentum chasers chucking in the towel out of despair.

[MingLee]

Whales stopped again the uptrend by pushing the price down and hope weak hands [yadda yadda yadda]

Those whales weren't, by chance, responsible for the $100 spike a few days ago, were they?
That was natural, organic growth due to merchant adoption and sociopolitical macroeconomic fundamentals yadda yadda yadda?

A lot of the Bitcoin market is driven by speculation, and as such it likely was the whales who went and helped to spike the value of Bitcoin up 4100, no question, but maybe $10-$20 was actually influenced by sociopolitical events, and some of the fiat market movements derived from said sociopolitical events. The whales also likely influenced the downtrend, and so on and so forth.

[zby]

Pump and dump my boy, pump and dump.