Anybody think the crash is due to market manipulation for Bitcoin Futures?

[JetSet11]

I recently watched a video that explained this as being a possible reason. The cutoff date for some of the bitcoin futures was Jan 17th, and I think another one is coming on the 26th. Could it be possible that some whales tried to short the market in order to get a good futures return?

It would be a good time to do so, especially given the annual dip in prices because of the Lunar New Year in Asia. What do you all think?

[Tanhdoit]

Anything is possible in crypto. Honestly, I think with the institutions now able to invest in BTC futures I don’t see why they wouldn’t take advantage of the situation. Btc is being manipulated in many ways by whales, governments and now futures. We were riding ATH just few weeks ago and now we are reverting back to lows last seen late November/early December. I really hope this is due to the lunar new year but with the recent bad news bears coming from regulatories and now India it’s hard to tell. I am a long time holder so hopefully this blows over quickly or people will lose faith in crypto pretty quick.

[JetSet11]

I heard that Russia is drafting a bill to legalize crypto over there. It's the ideal environment for mining, among other things. Hopefully Russian money will help the market grow even more in the coming months.

[batang_bitcoin]

I recently watched a video that explained this as being a possible reason. The cutoff date for some of the bitcoin futures was Jan 17th, and I think another one is coming on the 26th. Could it be possible that some whales tried to short the market in order to get a good futures return?

I have read the same idea in some other group discussions and I believe there's a connection to this why the price starts to move negatively again. And another FUD has been expressed by the Wall St folks, 90% of bitcoin's value could get wiped out, Wall Street veteran Peter Boockvar warns so again there's a massive panic selling that's happening again.

It would be a good time to do so, especially given the annual dip in prices because of the Lunar New Year in Asia. What do you all think?

Chinese New Year? Hmm.. Chinese people cashing out but it's quite early.

[JetSet11]

I have read the same idea in some other group discussions and I believe there's a connection to this why the price starts to move negatively again. And another FUD has been expressed by the Wall St folks, 90% of bitcoin's value could get wiped out, Wall Street veteran Peter Boockvar warns so again there's a massive panic selling that's happening again.

It would be a good time to do so, especially given the annual dip in prices because of the Lunar New Year in Asia. What do you all think?

Chinese New Year? Hmm.. Chinese people cashing out but it's quite early.

Yeah, that CNBC quote scared me a bit. But, when has CNBC not been hating on cryptocurrency? lol. Their $10,000 price drop prediction was correct, but they've been generally incorrect over the long term. I'll take their advice with a grain of salt.

[maliboom]

As soon as the big banks took to the bitcoin field, I got worried.
The big banks got scared of the crypto revolution and with futures they got their hands on the market to try to stop.
But the revolution can no longer be stopped.
With futures they can control and drug the price of bitcoins but they will never be able to control 1400+ alt crypto

[Thinvestor]

Ive heard that theory along with many others. Really I see this as a correction, get rid of weak hands and wait a few months for another bullrun, crypto isn't going away....

[swami84]

Who the fuck is Peter Boockvar ?? The fucking idiot who predicted an upcoming bear market back in 2016. I can't imagine how CNBC would do anything to create FUD in cryptospace.

https://www.cnbc.com/2016/09/28/trump-or-clinton-it-doesnt-matter-a-bear-market-is-coming-whoever-wins-commentary.html

 For those who are on the edge, it is either time to buy and stock up now or just HODL.

Please do your due diligence before investing and do not invest more than what you can afford to lose!

[X-ray]

I have read the same idea in some other group discussions and I believe there's a connection to this why the price starts to move negatively again. And another FUD has been expressed by the Wall St folks, 90% of bitcoin's value could get wiped out, Wall Street veteran Peter Boockvar warns so again there's a massive panic selling that's happening again.

It would be a good time to do so, especially given the annual dip in prices because of the Lunar New Year in Asia. What do you all think?

Chinese New Year? Hmm.. Chinese people cashing out but it's quite early.

Yeah, that CNBC quote scared me a bit. But, when has CNBC not been hating on cryptocurrency? lol. Their $10,000 price drop prediction was correct, but they've been generally incorrect over the long term. I'll take their advice with a grain of salt.

I think that this is the same with Jamie's quote. If you remember about big bearish had come after jamie makes a bullshit FUD about the crypto. And then he was wrong about that.

With irrational increase at the end of the previous year and then you can't feel scared about that.

But this is a little bit different with it. Because if we have been surging without irrational reason and then you'd be surprised if you are seeing irrational bearish too.

[Youghoor]

I heard that Russia is drafting a bill to legalize crypto over there. It's the ideal environment for mining, among other things. Hopefully Russian money will help the market grow even more in the coming months.

Russia? i haven't heard anything from them for a while now.. What is happening with that country at the moment?

Anyway, i saw that there are a lot of countries who are finally going to legalize Bitcoin and ICO's, like Estonia, Saudi Arabia, and so many others.

But this crash is obviously created by manipulators.

[batang_bitcoin]

I have read the same idea in some other group discussions and I believe there's a connection to this why the price starts to move negatively again. And another FUD has been expressed by the Wall St folks, 90% of bitcoin's value could get wiped out, Wall Street veteran Peter Boockvar warns so again there's a massive panic selling that's happening again.

It would be a good time to do so, especially given the annual dip in prices because of the Lunar New Year in Asia. What do you all think?

Chinese New Year? Hmm.. Chinese people cashing out but it's quite early.

Yeah, that CNBC quote scared me a bit. But, when has CNBC not been hating on cryptocurrency? lol. Their $10,000 price drop prediction was correct, but they've been generally incorrect over the long term. I'll take their advice with a grain of salt.

I think that this is the same with Jamie's quote. If you remember about big bearish had come after jamie makes a bullshit FUD about the crypto. And then he was wrong about that.

With irrational increase at the end of the previous year and then you can't feel scared about that.

But this is a little bit different with it. Because if we have been surging without irrational reason and then you'd be surprised if you are seeing irrational bearish too.

Bitcoin futures first contract will expire on January 26 so few days from now we will see the impact of that deadline. And the dip started to happen when the contracts started to closed on January 17 and that made the price went down to $9,000 but the contract closed at $10,900. And another impact are those FUDsters that never stops on giving their unimportant thought about bitcoin. All of them will eat their words back and will say, "bitcoin has a potential."

[tuiputui]

Yes, and this:
https://www.sec.gov/news/public-statement/joint-statement-sec-and-cftc-enforcement-directors

[alyssa85]

I don't think it's anything to do with bitcoin futures.

I think what happened is that a lot of people who bought when bitcoin was about $500 or less had a $10,000 target.

When Bitcoin went completely mad in December 2017 and went up in a vertical line to nearly $20,000, these people sent coins to the exchanges and sold. And the combined weight of their selling pushed it back to about $10,000.

$10,000 is actually a good price. $20,000 was too much given Bitcoin's scaling issues which it needs to solve before it can make another push upwards.

[JavaLove]

I don't think this dip is about Bitcoin Futures. It doesn't make any sense because BTC futures are too small as volume right now.
They are under 1B and the market lost 300B...

[maeusi]

I am wondering, what Bitcoin futures have to do with Bitcoin itself. Maybe buy and dump Bitcoin to manipulate the future market? Would that really work? But that could be detected, thanks to blockchain. I think, such manipulation would have been already published.

[ChiNgadOr]

I have read the same idea in some other group discussions and I believe there's a connection to this why the price starts to move negatively again. And another FUD has been expressed by the Wall St folks, 90% of bitcoin's value could get wiped out, Wall Street veteran Peter Boockvar warns so again there's a massive panic selling that's happening again.

It would be a good time to do so, especially given the annual dip in prices because of the Lunar New Year in Asia. What do you all think?

Chinese New Year? Hmm.. Chinese people cashing out but it's quite early.

Yeah, that CNBC quote scared me a bit. But, when has CNBC not been hating on cryptocurrency? lol. Their $10,000 price drop prediction was correct, but they've been generally incorrect over the long term. I'll take their advice with a grain of salt.

I think that this is the same with Jamie's quote. If you remember about big bearish had come after jamie makes a bullshit FUD about the crypto. And then he was wrong about that.

With irrational increase at the end of the previous year and then you can't feel scared about that.

But this is a little bit different with it. Because if we have been surging without irrational reason and then you'd be surprised if you are seeing irrational bearish too.

THis Jamie.. not only tried to spread FUD and make the market drop (tulip bulbs, i will fire all my workers if i find the trading BTC...).. meanwhile, is known by all cryptocommunity that dishonest bank was buying BTC through an scandinavian exchange...

sumarizing.. crypto revolution is just beginning.. wait osme time until mass adoption... when everyone knows how to buy and sell cryptos..  expect only rising demand in the next 2-5 years.... $$$$$$$$$

[JetSet11]

I don't think this dip is about Bitcoin Futures. It doesn't make any sense because BTC futures are too small as volume right now.
They are under 1B and the market lost 300B...

That's a great point.

[WalkinRobbie]

i think its the same big wigs flipping coin everyday and it must be a lot of coin.  it just seems everyday there are $1500 -$3000 swings,   some one with a lot of coin could make a lot everyday.  wish I knew how  or was one of the market shifters.    though it seems crazy that they are doing everyday.    but i guess this is the future we want,  i think 

[Bybox]

I don't think this dip is about Bitcoin Futures. It doesn't make any sense because BTC futures are too small as volume right now.
They are under 1B and the market lost 300B...

That's a great point.

It is not about the BTC futures volume but it is about price manipulation. BTC whale can manipulate BTC price for their predictions since the BTC future is basically free money for early BTC investors. In addition, there is a lot of FUD on Bitcoin taxes too. The problem is that people do not care about the Bitcoin good news but only bad news and rumors lol

[jomz312]

For my own opinion,I think this is called the (Strategy)
Because many people or many institutional investors are wise to use the future contract to lower the bitcoin price then buy a lower sittings to stop loss triggers at support levels to push down the price further and further to make it look like crash.
By taking this strategy the investors are pushing down the price in order to re enter as much a lower level and potentially set to unpresedented highs.