What started this bear trend?

[bitcoin2121]

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

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[Baraban66]

There is such information that thanks to a bug on the OKEx exchange, the hackers received 5k BTC, which they sold. We now have something that happens when dumping so many BTC on the market.

[blockchainwriters]

Bitcoin bear trend started with SEC ruling on cryptocurrencies and future of ico market  so this bear market is continuing till now

[Lagrood]

Market is not easy and sometimes it seems absurd but actually it is not so. Trading and investing is not a simple action there are a lot of reasons which need to be analysed and trades who has not enough experience consider that somebody cheats them and manipulate market. It is not true. Look at gold it has the very long positive trend and anyone might buy and hold it several years. And nobody tell you exactly why crypto market are now bearish.

[batang_bitcoin]

Well that's true that those rich people or the popular term for them is "whales" are accountable for this market. They are manipulating that with few increase 5-10% they'll sell, buy at dip rinse and repeat.

Everybody have been ready to start to the moon after Consensus, but marketmaker dont think so.

But our expectation is a failure for hoping that after the consensus conference bull will start.

[player514]

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

I'm sure that almost everyone knows that a strong manipulation in the market has some relation to the whales invested in Bitcoin. Overall, Bitcoin operates pretty much in cycles. The price will go up due to the rich sparking a change of events from a drop/still zone, so more people start investing as they see the markets on the sudden rise, believing that the rise could last for a while. When the whales are content with what they've profited with, they'll just dip out of the markets, causing a crash due to the large sell order freaking people out. This cycle just seemingly continues, and sometimes the rise is stronger than the fall, and vice versa. I definitely think the rich manipulate the price, but that's a part of Bitcoin as well.

[nniecan001]

My question is, if you holds a lot of amount of bitcoins and other top alternative coins, you are almost whale god in crypto market, it's depend on you if what do you want to do the value of bitcoin, is that right? Any solution for this, to avoid manipulation of crypto markets?

[TRAID]

It was a combination of different factors. Firstly, what goes up fast must come down fast..it's the nature of the market. Bitcoin rose x20 in 2017 and the retracement was healthy and natural as many people cached out and took profits. This massive sell out started a chain of events and weak hands started panic selling. There were many average Joes buying btc at the top..got rekt and cashed out at a loss. Plus, there was SEC ruling which also made a big impact.

[sunsilk]

My question is, if you holds a lot of amount of bitcoins and other top alternative coins, you are almost whale god in crypto market, it's depend on you if what do you want to do the value of bitcoin, is that right?

Being a whale alone isn't enough to manipulate the market, you need to have some help from your co-whales to shake the market.

It is not they are doing what they want to set the price of bitcoin base on what they like. Price of bitcoin is still depending on supply and demand.

Any solution for this, to avoid manipulation of crypto markets?

There's no solution for this manipulation, this has been the problem even in other the same markets. Oligarchs in real economy, hoarders and other types of manipulators can't be gone.

[danim1130]

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

Rich or we can actually call them the whales are not controlling the value they are just affecting it what I mean is they don't really control the value they've just helping it to decrease and increase as well but not all the time because there are still many people that are holding bitcoins and if that bitcoins are not moving in trading well the value is still balanced.

[Rocktop044]

Maybe supply exceeded demand, as a lot of people wanted to cash out. That can affect the price.

[ummart66]

I don't think anyone can specifically tell you one thing which started the bear trend, as there can be several factors in it.

In my opinion, the price just rose way too quick. This price increase was likely caused by tons of people seeing the price increasing, causing them to fomo. If you look at google trends, in December there was so many people searching how to buy bitcoin. When the price got to a ridiculous high level it's likely that people started taking profit. When the price started dropping, it caused others to take profit. Couple that with the large amounts of FUD we have had recently, such as tether, several hacks, scam ICO, regulation scares, etc. People just don't feel safe investing right now.

With the market constantly going down there aren't too many people who actually feel safe putting in their money, since you can lose a large chunk over night.

Luckily, I see that with regulation people will feel a lot more confident investing in crypto, and with the crack down on scam ICOs and shady operations of exchanges, I'm hoping we're going to be able to start increasing steadily again.

[birzh0]

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

You are still suspicious of that? why there are so much people investing, trading, but none becoming reacher? why price always goes against you after you entered the market? all these questions have one answer - this kind of markets are created to make reacher just concrete persons. Those who luckily catch the success - are just exceptions.

[carter34]

Those who luckily catch the success - are just exceptions.

Catching the success depends on your faith and believe on the coin. It is not only luck , you have to do proper research on the coin to understand its future. Like some altcoins are good now.

[harizen]

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

A big investors or groups who holds a lots can really shake the market once they dump but for the full impact of it, it will be on the hands on those who will follow. The trigger will start at big ones and it's up to the community if they will follow and if they did, that's the start of bearish trend. The dump will cause fear, worries and negative speculations resulting for more expected dump.

Same goes if the trend is bullish.

[Mister1k]

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

Thats truth whales are really making the marketplace value go dump and bump in the market dude. If you wish to invest your fund on trading you can make profit anytime. All you need to do is, just choose the good ICO projects and make money out of it.
Please check various exchanges and go to invest the fund with the potential coin to grow in the market bro.

Rich are able to manipulate the market but still they cannot pay to dump signal to stay the market value for long time.

[ralle14]

My guess is that the MtGox trustee is one of the contributors to this dip. Looking at one of his address that is empty leads to another Bitcoin address that contains 8k btc and if you follow the recent transactions from the second address it seems that some of the Bitcoins were sent to an exchange of some sort.

[anhzaibro]

I see that the people who hold large numbers of BTC are manipulating the market by drawing large amounts of BTC and price fluctuations. However, I find that the price depends on the news and the outside.

[Sadlife]

This is the cause of whales selling their crypto currency a consensus formed by group of people to dip the price then sell again when the price surge. Some say that this is because of some trading site's bug being exploited and hackers get free bitcoins. Some say that scammers is manipulating the prices through spoofing and producing fake transaction in order for people to buy or sell their coin.

[Fuhre]

I do not know what these bear market trends are, obviously if I am always polishing up the basics of research and projects. even in the bear market, blockchain and smart contract projects will continue to revolutionize the technology. Interaction with automation, machine learning and artificial intelligence will enable businesses to bring more value with fewer resources. This is the direction the market is moving towards.