Do you think there is institutional manipulation of the Bitcoin price?

[Kprawn]

We have seen reports lately that the US Justice Department has opened a criminal probe into alleged price manipulation of

Bitcoin and other digital currencies. We have seen for months now that the Bitcoin price cannot get momentum and as soon

as there are positive signs that it is recovering, then it drops down again. In many of these instances there are no negative

news that would have triggered that downward spiral. There are also no Alt coins with significant growth during these times,

 for us to say that these Alt coins are the trigger behind this. The only logical conclusion for this is that someone or a group of

people are "killing" the correction phase of the Bitcoin price. 

Do you think there are some sinister agenda behind this or is this just Bitcoin whales doing their normal thing?   

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[franky1]

firstly
bitcoin 2016: never dropped below $300.. bitcoin 2017: never dropped below $900.. bitcoin 2018: never dropped below $6000
stop thinking th $20k is the norm and that anything below it is a beat down. flip your mindset and treat anything above $6000 as natural growth
..

secondly
for emphases. ther is NO downward spiral. the $20k was a bubble fluke of vapour speculation that didnt last long 99.9% of the community cannot use that $20k price for anything meaningful.
$20k was not "value". stop with the mindset of if it aint $20k+ then its negative. ..

thirdly
illegal manipulation of markets is only the process of exchanges with 'ghost' accounts(spoofing) with database balances made up of numbers that were not credited due to any deposits. inshort the value of those accounts are not real. but they then make orders to effect the price.


summary.
i do not beleive illegal manipulations has occured.
instead there has been some psychological trading techniques which have nothing to do with spoofing/illegal manipulation.
id say its 'emotional manipulation.. not illegal manipulation. because most exchanges would get their wrists slapped if they allowed spoofing

i just feel that day traders are just grabbing coins while at the bottom. making their 1-10% and then selling and rinse-repeating.
...
the price is not being 'beaten down' its just stagnant, without speculative bubble hype. and staying around the real underlying support area of $6k-$9k where traders are making profits in the middle.
the support area of $6k to $9k can be found using chart data and maths, to show the 2 main causes of the support area. known as 'cost of obtaining'
which are. mining cost and buyers remorse where no one is foolish to sell below the cost it took to get the coin n the first place

again for emphasis. emphasising my first point at the top. the price is not being beaten down. if anything its stagnant/small growth from $6500 and natural profiting movements up and down.


that said ther was emotional manipulation in the winter of 2017 where it went upto $20k, but that manipulation is not really happening right now. and i beleive was never due to illegal spoofing

[Wind_FURY]

OP, believing that there was no manipulation of any kind and form would be very naive. Bitcoin's history had a lot of of its share of unchecked and widespread price manipulation.

I believe there is no "dark" agenda except profit.

[TommyAMD]

I think all the same the stock market determines the final price of bitcoin and other alcaino. Yes,other factors and political and economic news of the countries also strongly influence the price.

[dothebeats]

I don't think that price drops should be attributed to price manipulation all the time. The growth to almost $20k isn't natural and we all know that it's mainly caused by FOMO and hype. The way it crashed is absolutely normal and acceptable knowing that we reached such heights in just a year. Scream 'manipulation' when it managed to hold that same levels while knowing that everyone wants to sell while no one wants to buy. Also, it's not always news that moves the crypto market; there are other factors that are quite unnoticeable by us trading noobs which forces traders to sell or collect profits. There are some form of manipulation, yes, but everytime the price goes in a crashing spree, I believe it's wrong to call that purely manipulation on the side of institutional investors.

[ribowo76]

In my opinion, perhaps because of the many negative sentiments to bitcoin this year. Thus, it is very influential on bitcoin prices. Hopefully, after the diminishing of those negative sentiments. Will again grow people's confidence in bitcoin, so it can trigger the increase of bitcoin price

[bedulook]

That's the opinion of what many hold, that some bigger hands are manipulators of the bitcoin price. But I don't think that is correct. Bitcoin price is determine by individual supply and demand.

[castellodocet]

I think that institutionals are already inside cryptos from many months, and more of them are coming. I imagine that those price drops are being manipulated to guarantee a smooth entrance for them

[Baimovic]

I think this is normal, and not a strange thing, you should know that the source of bitcoin decline in the day is triggered by high sales by the end of 2017. and this long correction is not happening before. if this correction happened every years, so, i think it is bitcoin price manipulation.

whales are the ones who can control the market, but other side factors also affect the volatility and market instability of today.

no institution manipulates the price.

[kickdapa]

I Agree with Franky1! Bitcoin price is reasonable enough now. You can't think a high rate for the permanent time. Ups and downs is a nature of the cryptocurrency. So, 7400 USD is a little bit higher than usual, Everybody has the same hope for every month that bitcoin will pump this month, will pump after two months! But the fact is, we can't hope for a good price over the year. Bitcoin will pump once or twice in a year. No one knows when will happen that. The secret agenda, the big whale, can't control the total crypto market, they manipulate the price for a short time. Bitcoin price 7400 not for the secret agenda or like that., it's quite normal.

[hase0278]

Do you think there are some sinister agenda behind this or is this just Bitcoin whales doing their normal thing?   

There is no other hidden agenda behind their actions. Those who have the ability to manipulate market now do so because it is the normal thing they are doing to gain massive profits from crypto(in this case bitcoin).

no institution manipulates the price.

It is too early to say that institutions are not participating in the current manipulation of bitcoin price(because they like having control over things).

[Wind_FURY]

I don't think that price drops should be attributed to price manipulation all the time. The growth to almost $20k isn't natural and we all know that it's mainly caused by FOMO and hype. The way it crashed is absolutely normal and acceptable knowing that we reached such heights in just a year.

Yes but if everyone it was manipulated to be in a state of FOMO then the same forces who did it might also be responsible to put the market in a state of FMTE - fear missing the exit. Hahaha.

I am sure some of you active traders have felt this happen to you.

Scream 'manipulation' when it managed to hold that same levels while knowing that everyone wants to sell while no one wants to buy.

I wish the forces of manipulation would manipulate it that way.

Also, it's not always news that moves the crypto market; there are other factors that are quite unnoticeable by us trading noobs which forces traders to sell or collect profits. There are some form of manipulation, yes, but everytime the price goes in a crashing spree, I believe it's wrong to call that purely manipulation on the side of institutional investors.

But it must be if the instutional investors can sell the market short. Which some of them were already in the market before 2017.

[troglobait]

yes definitely, I believe in it. Bitcoin reached a fairly high capitalization. In order to collect such groups. The problem is that it is both good and bad at the same time. Because of such artificial swing, a lot of people do not want to use bitcoin as a means of payment

[monkeydominicorobin]

We have seen reports lately that the US Justice Department has opened a criminal probe into alleged price manipulation of

Bitcoin and other digital currencies. We have seen for months now that the Bitcoin price cannot get momentum and as soon

as there are positive signs that it is recovering, then it drops down again. In many of these instances there are no negative

news that would have triggered that downward spiral. There are also no Alt coins with significant growth during these times,

 for us to say that these Alt coins are the trigger behind this. The only logical conclusion for this is that someone or a group of

people are "killing" the correction phase of the Bitcoin price.  

Do you think there are some sinister agenda behind this or is this just Bitcoin whales doing their normal thing?  

Of course there is an intitutional manipulation. But it doesn't last. They just want to play with their money. https://youtube.com/watch?v=NvsgWeeGXig

[voron84-05]

In general, if you look at any markets where there is a lot of capital, you can see there participation of the collusion, given the fact that large holders of bitcoins can be counted on the fingers, then it becomes obvious that the price for crypto-currency is regulated not by the market but by a separate group of persons interested in certain frauds.

[jahsdkahk]

Long-term manipulation I think this is impossible
But for short-term volatility manipulation, I think whales might be able to
Of course, Bitcoin market prices will not be controlled for too long.

[BlackPanda]

yes definitely, I believe in it. Bitcoin reached a fairly high capitalization. In order to collect such groups. The problem is that it is both good and bad at the same time. Because of such artificial swing, a lot of people do not want to use bitcoin as a means of payment

The ever-moving price wave is indeed an opportunity to profit from the margin we make. The bitcoin price will always be manipulated because it is indeed a Bitcoin characteristic. Some groups are taking advantage of it, with high financial capabilities it has made things like this will continue to happen at any time as long as Bitcoin has not received clear regulation from the government.

[sammyp]

I do hear people talk about pump and dump groups and how their activities affect Cryptocurrencies but I think bitcoin is too big to be manipulated or influenced by a group of people. I personally believe bitcoin is stabilizing and after that will stick to a particular price.

[Tankdestroyer]

I think bitcoin is too big to be manipulated or influenced by a group of people.

Believing that bitcoin is not being manipulated at the moment is foolishness because despite bitcoin's marketcap, some can still manipulate it not by pumping and dumping, but by trying to manipulate news itself. Oftentimes, a trader's opinion can be affected by FUDs and FOMOs and for this reason, I can certainly say that there is a manipulation in price(even if it is just a little bit).

[Pursuer]

I wouldn't be that surprised if I found out that this was all a publicity stunt to calm the public since there has been a lot of talk about manipulation in the cryptocurrency market. I mean there is no way they can detect manipulation unless the exchanges are placing fake orders which is highly unlikely because there are a lot of them around and they are not connected to each other in any ways. and when individual whales manipulate the price by their huge orders (such as planned dumping) then that is not exactly a manipulation that you can put your finger on.