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Author Topic: Who is behind this downtrend we see right now ?  (Read 337 times)
Kurva (OP)
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March 16, 2018, 05:16:20 AM
 #1

I see many of you saying that the crypto whales are behind this downtrend that we see now. But if this is true why do they push it so far ? Not even the whales will meke money in this market. And if pushing it to far the whole crypto market might collapse. Than no one will make money anymore. Know media and all the fud out there have a huge impact on the market to.
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March 16, 2018, 05:20:58 AM
 #2

Now that the Bitcoin market is completely in the hands of whales, I guess their intention is to make more people sell Bitcoins and cause falls to fall. But many people do not have such panic, so Bitcoin is still holding today. About $8000.
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March 16, 2018, 05:21:59 AM
 #3

Here is the reason why the price going down https://www.google.com.ph/amp/s/cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market/amp .

There are so many other reason that goes out like  google  remove cryptocurrency ads etc.



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March 16, 2018, 06:26:03 AM
 #4

Whales spreading FUDs to buy Bitcoin on the dip. Unfortunately, most of the traders get trapped. I think whales waiting to buy Bitcoin around 5000 or below. Until they enter into the market, I don't think the market will recover. Small investors like us need more and more patience.
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March 16, 2018, 06:29:25 AM
 #5

I see many of you saying that the crypto whales are behind this downtrend that we see now. But if this is true why do they push it so far ? Not even the whales will meke money in this market. And if pushing it to far the whole crypto market might collapse. Than no one will make money anymore. Know media and all the fud out there have a huge impact on the market to.
And you think they do not understand that in this way they will be able to increase sales and reduce the price thereby buying another cheaper piece of cake. And their methods are being improved.

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March 16, 2018, 09:35:53 AM
 #6

It is the MT GOX trustee who is behind this downtrend. This fool has been dumping large amounts of GOX coins directly on exchanges instead of doing it through OTC. This is what happens when someone not knowledgeable in a field is given the task.

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March 16, 2018, 09:37:58 AM
 #7

Now in a bear market, most people have no confidence to in cryptocurrency market, because of the recent G20 meeting to discuss about regulation of cryptocurrency market, so people have no confidence,So it's still going to go down.

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March 16, 2018, 09:40:29 AM
 #8

You are right about the information background, only negative news related to crypto-currencies around, and this is very hard at the rate of these currencies, but everything will change when governments of different countries adopt regulatory laws, after that there will be no speculation and theories, the market will calm down and continue to grow.

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March 16, 2018, 09:41:55 AM
 #9

Too many FUD and bad news in the same times make many trader sell panic, and need longer times for Bitcoin continue to growing and now look market boring. But i believe, will be any times for bullish trend and its will be come in a few month.

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March 16, 2018, 09:48:02 AM
 #10

I see many of you saying that the crypto whales are behind this downtrend that we see now. But if this is true why do they push it so far ? Not even the whales will meke money in this market. And if pushing it to far the whole crypto market might collapse. Than no one will make money anymore. Know media and all the fud out there have a huge impact on the market to.
Alright crypto whales are behind of all these dump but there is another factor that even worst than crypto whales. Whales only give a little push to the market. But this guy has a power more than whales  to push the price of bitcoin a lot.

https://www.bloomberg.com/news/articles/2018-03-08/bitcoin-s-latest-rub-is-overhang-ghost-from-mt-gox-bankruptc

Said mtgox trustee still hold more than 166k bitcoin and bitcoin cash in his wallet right now.

FUD and Google news make the situation even worst.

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March 16, 2018, 09:53:59 AM
 #11

I think the whales are the one who control the market because of their big holdings and if they have already have gains already they can easily exit and buy back their coins on a cheaper price hence they will still have gain because of they know many of us will buy it too tell the price is on uptrend.

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March 16, 2018, 09:58:23 AM
 #12

Here is the reason why the price going down https://www.google.com.ph/amp/s/cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market/amp .

There are so many other reason that goes out like  google  remove cryptocurrency ads etc.

Have you read the analysis and conclusion in that article of cointelegraph you refer to ?
Quote
The data shows us that Kobayashi’s actions were not as significant to the price of Bitcoin in the short run as some individuals believed they were.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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March 16, 2018, 10:10:51 AM
 #13

I see many of you saying that the crypto whales are behind this downtrend that we see now. But if this is true why do they push it so far ? Not even the whales will meke money in this market. And if pushing it to far the whole crypto market might collapse. Than no one will make money anymore. Know media and all the fud out there have a huge impact on the market to.

One reason may be the ghost from Mt. Gox selling their huge Bitcoin supply (this information was somehow confirmed). Another reason is generally a "bear mood" related to increasing regulation effort of governments and some negative news from different corners of the world.
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March 16, 2018, 10:15:19 AM
 #14

The whales are taking advantage of the bad news being released by the media regarding cryptocurrency regulations, Google banning crypto ads, Mt. Gox's controversial massive BTC withdrawals and so on. Since the whales are in control, they are playing the minds of the newbies and inexperienced traders to sell off their Bitcoins and altcoins for them to buy again at lower prices just for the purpose to increase their portfolio. It's just normal guys, this is how the world of cryptocurrency is all about. Smiley

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March 16, 2018, 10:21:57 AM
 #15

not just one reason for this dip .
mt gox trustee , G20 summit , chart of previous years at this time , regulation , etc all are playing their role in this dip .
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March 16, 2018, 10:34:54 AM
 #16

Solely manipulation.
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March 16, 2018, 10:41:20 AM
 #17

I think the whales will not sell, this is just a bad issue that was deliberately done, they are just waiting for when all have been affected and the market has crashing, then it's a good time for them to buy.

If they buy btc now for $8000 and a few months btc rise to $10k or even more, from the price difference you can imagine how much profit they get.

This is just my opinion, correct me if I am wrong.
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March 16, 2018, 10:42:20 AM
 #18

there are multiple reasons, banks prohibit the purchase of a crypto with a c.card
G20 and mt gox, and other negative news has an impact on the decline
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March 16, 2018, 10:58:15 AM
 #19

I am not sure who is causing the downtrend right now but a friend said that Mt. Gox is still not done dumping its bitcoin in the market so we are still experiencing the dip. I was really looking forward to see my portfolio in green at the end of this month but it seems that we will have to wait a month or two to see some improvements on these coins that we hold. Let's just be positive about this though and see it as an advantage to buy more coins while the whales are dumping.
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March 16, 2018, 10:59:01 AM
 #20

I see many of you saying that the crypto whales are behind this downtrend that we see now. But if this is true why do they push it so far ? Not even the whales will meke money in this market. And if pushing it to far the whole crypto market might collapse. Than no one will make money anymore. Know media and all the fud out there have a huge impact on the market to.
I think they realize that they are doing and will not destroy the market, it will also not be profitable for them.
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