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Author Topic: I really hate what they have done to the crypto market  (Read 185 times)
MikeGr (OP)
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May 21, 2018, 11:20:16 PM
Last edit: May 21, 2018, 11:33:30 PM by MikeGr
 #1

This is so upsetting! So infuriating. And most annoying of all, there is not a visible target to direct our anger. Because they are hidden.

There is no logical reason for the bearish market and red sea we are seeing at the moment. On the contrary, there is every reason for a bullish market with all the developments and announcements going on.

But the evil scumbags who are too preoccupied with making the humanity of this world suffer, have come up with a system to choke the life out of the crypto space.

They do not have interest in crypto, yet they invest in it in order so other people can not get good fruits from it.

By now the idiots should have understood what is going on. The crypto market is what it is because of evil people's action.

They figured the cryptocurrency and blockchain technology can not be stopped, but the crypto bullish market which is imperative in it's adoption can be brought to a halt.

If you guys use your brains a little bit you can figure out how this is so easily possible.

Simply use sophisticated trading bots to look for market caps of bitcoin and altcoins. If there is an increase in the marketcap by investments by the people of this world, than the scumbag whales will make a proportionate dump, and just repeat this process. Ofcourse, TPTB can not dump their coins forever otherwise they will not have influence over the market anymore. So they will need to buy back what they have given up.

So initially they started with a huge dump. And they settled their place around $8000 for bitcoin. Now all the bot needs to do is dump when the coins are pumping, and pump when the coins are dumping. One to keep the prices down and prevent bullish market and the other to maintain control over the crypto space.

If you look at coinmarketcap, Bitcoin amazingly is seen at %0.00 in 1 hour many times. Ofcourse it is not possible to always maintain this, so you usually end up seeing something like %0.2, %0.75 etc. But considering, it is close to perfect. This is also the reason why, bizarrely we see a sea of reds and then a seas of greens. The whole thing has been setup to prevent a bullish market and to prevent a loss of influence by dumping too much forever. Also preventing a healthy volatility is important to stop investors. It is also the strange reason that Bitcoin price seems like it is affecting all the altcoin prices. Is because if you have ever used a crypto trading bot, you get to choose as many altcoins as you want. And for the scumbag evil TPTB, it is very easy to buy from almost all of the coins. Enough to have an impact.

Really crypto is dead in my opinion. TPTB and the bankers have killed it. So it is laughable how people where saying the governments can not stop it. They have stopped it you fools!

And the reason it won't be fixed is because the so called noble people of crypto who wanted to change the world, including the so called exchanges really only care about themselves. The crypto market must be self-regulated to allow real investors who want to make money and who want to see the technology grow be allowed a priority stake by exchanges. The exchanges are a contributing factor in this mess.

I am pretty sure the moment the likes of Binance allowed API to crypto trading bots, is when it became much more easier to manipulate the market. And you buffoons defending the bots, you are either one of these evil people themselves or you really don't understand the harm that is happening.

It is possible to invest without bots, and perhaps this is the method people who are not lazy should return to if we want to save this market.

The whales should be identified, which is possible to do with their account and location/IP info and also by the amount in which they dump. This should not be allowed. Such whales API trading bots should be disabled or banned.

I know there are many who love whales, but I would call you a fool if you love the whales that are destroying the market. These whales are killer orcas and they must be removed from the space. Now on the other hand if we have some friendly Free Willy whales I am all game for that.

A movement to change the tide of the market by the people who started this all must be initiated. Crypto is the child of the revolutionary internet social media groups  and genius programmers. Once again something needs to be born to make it impossible to manipulate our markets.

Perhaps somebody needs to open up an exchange which will not allow manipulation. And then people should stop using the likes of Binance until they are bankrupt.

Really wish the whole communities from Reddit, Telegram, Discord, Slack, forum etc what have you talked about the importance of what is going on instead of wasting time with technical analysis which doesn't even matter when their is manipulation.
cryptofishie
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May 21, 2018, 11:27:14 PM
 #2

I don't disagree with you, I think you are basically spot on. I have been watching and following the space off and on for years, and though I am new to actually posting here, I have enjoyed being a lurker for a long time and have learned a lot. But, I am wondering, what could an exchange do to prevent manipulation? Trying to manage that could get pretty complicated. And that is just one question. It almost feels hopeless. I am just trying to maintain hope that the kinks and issues will work themselves out over time and that all us little people will prevail over the whales.

Thanks for posting the rant and ideas. I will be interested in seeing what others have to say.
pooya87
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May 22, 2018, 03:49:57 AM
 #3

when last year all these shitcoins were getting pumped and going up for no reason, you didn't create a new account to talk about how manipulated this market is and be angry about it! no, you were happy because prices of useless shitcoins were going up.
now you are simply seeing the other side of the same coin: the dump.
as the traders leave all these shitcoins behind by dumping them and taking their money out, the prices of all cryptocurrencies continue to drop. and that can also pull bitcoin price down with it as many of them are exiting through bitcoin to get back to their fiat.

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davis196
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May 22, 2018, 05:48:55 AM
 #4

I think that the whales are preparing the ground for some big pump and we just have to wait.
The pump will happen probably after a few months.Patience is all we need.
OP,the crypto market is not a kindergarden, so stop whining.

peter0425
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May 22, 2018, 06:46:07 AM
 #5

I think that the whales are preparing the ground for some big pump and we just have to wait.
The pump will happen probably after a few months.Patience is all we need.
OP,the crypto market is not a kindergarden, so stop whining.
Maybe, maybe not. We have been in the bearish trend since the beginning of the year. The stage is set already, so what are they still waiting for? Anyways, my memory is still fresh as to what really transpired last year, no one thought that it can go above 5 digits but we did. Maybe we need a catalyst like another institutional investors to push the price again. So we need to wait and prepare such scenarios instead of bitching around, accumulate more bitcoin right now before the price exploded in 6 months.

kimaru
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May 22, 2018, 07:11:49 AM
 #6

i think this is a great project to invest

Eternal Trust will be a force that will help advance the cause of science. Through its token system, it hopes to create a market for life lengthening products and a people who can support the research of these products through the use of their platform.
Tytanowy Janusz
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May 22, 2018, 07:16:52 AM
 #7

There is no asset (stock, forex, cryptomarket, house price, oil/silver/gold price) that has 0 variability - thats keep goin up nad up and up day by day month by month year by year.  There are alwais investors taking profits, whales making dumps to rebuy lower etc. Thats how every market works. If you were whale wont you sell your coin when market is goin to moon like stupid and rebuy 50% lower? Of cours you would. But you are not whale so you decidet to create account on forum to write how upsad you are instead of learn how whales works and how demand and supply works to earn on this big variability great money. You can trade and earn few % on 5 min candle on this market ! thats great but risky.


demand and supply:

Inagine you are whale and you wont to buy bitcoins for 5 bil $. How would you do that?

1 - Buying and buying and buying for 1 year from price 1k $ to 100k $ (buying all supply day by day pushing price higher and higher each day. Soonly noone is selling and you are just pushing price higher with small volumen)

2 - Buying all in few days making pump from 1k $ to 50k$ what will make big dump next day when you will stop buying

3 - Buy from 1k to 5k then w8 for it to go down to 3k then buy to 8k and w8 for it to go down or even make it go down if it is continously growing etc ?


I think last option is the only one that allows you to buy it as cheap as possible. Others are stupid. But you are not a whale. Thats why you would like them to buy like in first option. Beacuse you are not expirienced trader and you cant earn on variability.

NO REASON FOR BEAR MARKET?

Have you heard about MTGOX? He was dumping during first monts of 2018 and was obligated to wait with rest of his coins till september. In september court will decide whats with rest of his coins. But few weeks ago he transfered 16 000 bitcoin to exchange wallet. Few days ago he transfered another 8 000. Thats scares investors from bitcoin and makes them w8 with theirs investment till MTGOX case is close.
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