550.000.000.000 or 550 billion, or over half a trillion, gone in three (3) weeks

[Nebell]

If this doesn't scream market manipulation, I don't know what it is.
There are some really large whales with 1bil+ in cash teamed up to manipulate crypto.

Call it Illuminati, Stone Masons, etc, that I don't believe in, but what I do believe in is that big HUGE whales are teamed up and have a very close communication.

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[penig]

Why believe in mythical "whales" controling the price.  Just accept its the supposed wisdom of the crowd. You believe in that on the way up right?

[tuskacz]

I am happy about this. Idiots who held lost   and those who know what was Satoshi idea - sold. Bitcoin was not created for holding but for exchanging. Holders destroy bitcoin idea and I do not regret them going down as soon as possible.

[Linhkej]

If this doesn't scream market manipulation, I don't know what it is.
There are some really large whales with 1bil+ in cash teamed up to manipulate crypto.

Call it Illuminati, Stone Masons, etc, that I don't believe in, but what I do believe in is that big HUGE whales are teamed up and have a very close communication.

We can not do anything about the "whales" out there. We are just shrimps in this great sea. We must follow what the whale did. We can not fight them because they simply have a lot of money and they are billionaires.
The crypto market is in their hands and we should be wise and take advantage of our knowledge to invest in altcoin. That's my advice for you and hopefully you will not think about that injustice.

[avikz]

If this doesn't scream market manipulation, I don't know what it is.
There are some really large whales with 1bil+ in cash teamed up to manipulate crypto.

Call it Illuminati, Stone Masons, etc, that I don't believe in, but what I do believe in is that big HUGE whales are teamed up and have a very close communication.

That's a worrying news. I too have noticed the decrease in market cap and it seems like big players are pulling out the funds or investing in other assets. But I don't really believe in the whales here. While it's not impossible, but hard to execute because a lot of other factors can play a big role in it. But I really don't understand the background logic of manipulating the price for worse. If I am a whale in bitcoin market and have a large holding with me, I would definitely want the price to go up and I will help the bitcoin price in upward direction if I can. What profit I will get for decreasing price? Price decrease means, my holding value is also going down. Why would I want that to happen? That's where I am struggling to understand the logic.

[onnz423]

I highly doubt these fluctuations in price are due to the collaboration of super whales, $550 billion.... $550 BILLION. Do you know how many whales would need to be collaboration to crash the market by that amount? There are very few known people with over $1 billion in bitcoin, there are none known with over $10 billion. A dip like the one we saw was simply due to panic selling, the recent weak hands that bought in around October/November last year saw a dip, FUD was spread and they sold and actualized their losses.

[freightjoe]

I highly doubt these fluctuations in price are due to the collaboration of super whales, $550 billion.... $550 BILLION. Do you know how many whales would need to be collaboration to crash the market by that amount? There are very few known people with over $1 billion in bitcoin, there are none known with over $10 billion. A dip like the one we saw was simply due to panic selling, the recent weak hands that bought in around October/November last year saw a dip, FUD was spread and they sold and actualized their losses.

sanity prevailed as people realized this would never work

[Qpeeps]

You are forgetting to mention that this half a trillion which has suddenly disappeared had just appeared from nowhere a few weeks earlier. Probably, it was never really there.