Who is behind this downtrend we see right now ?

[KalaiBTC]

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.

I don’t think there is any relation of this recent fall in crypto market with whales. Whales have already manipulated crypto prices in month of January. The recent drop in prices is because of governments taking action to regulate crypto assets and their exchanges and taking action against its promotion and launching of ICO’s. according to me, it’s the whales that are holding the price of crypto market steady currently against this massive dip.

[Zyborg]

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.

The recent news regarding regulations are in hot water these days,Google will remove crypto ads,Mt Gotex cash out huge quantity of BTC as a result of which prices are going down and the crypto market is not thriving.Crypto whales are not behind this downtrend many other factors are there.Let see what will be announced after G-20 Conference.Always hope for the best these events will continue to occur in future.

[Sarastiche]

No one is behind the downtrend,basically the negative news about cryotocurrenc is causing panic sales,increasing the dumping rate,thereby reducing the price of coins generally,hope this will be over soon.

[drogas]

There was a lot of FUD recently, but the market's been downtrend for some time now regardless. Not anyone or anything specific to blame I think.

[withche.07]

I think its not specific person. Basically market is correcting itself after all these bright days we enjoyed. So we should be patient as holders and investors and we will have bright days again. I am holder.

[jostorres]

Solely manipulation.

The whole crypto market has become an open platform for manipulation. The market is being manipulated not just by major holders and whales, but also by government, media and banks. Governments recently have been taking actions on cryptos and applying regulations which has caused panic sell amongst people.

Whales manipulate market on periodic basis to earn profit from it. You can only earn from this market if you understand the movements and do analysis about it. Every coin pumps some or the other day and drops hard the next day. Truly, this market is purely manipulation and nothing else.

[GregH37]

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.

According to me, the downtrend that we are seeing currently in crypto market is due to governments that are taking actions and regulating crypto assets. Recently there were many news that led the market again towards bearish side. Google and facbook recently announced their move on banning crypto advertisements on their platform due to pressure from government.

US government is taking strict actions against launching of ICO’s and south Korean government is taking action against anonymous exchanges. All these news have led the crypto market in dip.

[lucas aguero]

In my opinion, the people behind the current downturn are those who are holding many BTCs and they want to accumulate more BTC before pushing it up to make a profit.

[sana54210]

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.

True. The main reason behind drops and crashes are the people in crypto markets. There are many investors with weak hand in crypto market that are too sensitive about the market. If they hear any news or rumours or see the market falling even a bit, they sell their holdings in panic and led the market to drop even further. They don’t know when to hold and when to sell.

The main reason behind this is that many people have invested in crypto market without having any knowledge about it or the blockchain technology.

[styca]

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.

The main cause is the big rise in December and early January. The market rose much too far much too quickly, and since then has been in correction mode. It was a mini bubble.
Negative news etc I think can amplify the extent of the dip - but there was always going to be a dip regardless of any news.

[RDNX]

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.

So, do you think this downtrend because of that action? I don't think so. I guess someone (whales organization) made this downtrend. I believe there are some whales syndicate that bring the price down. But i don't have proof of that. I hope this is only my imagination.

[CryptoWorld87]

Only giant whales can shake this price in one shot if one or 2 giant whales sell there bitcoin with milion or even only thousand of bitcoin the price will surely goes down and there a big impact the whole market since some of newbie holders will panic and sell there small amount of bitcoin.