Who are the Manipulators of Cryptocurrency?

[jjeeppeerrxx]

There is no perfect prediction of what will happen to the price of cryptocurrencies, is it either to grow high or drop down low. As I woke up this morning a bloody graph and numbers appear on my Blockfolio almost all of the cryptocurrencies drops a huge amount.

Bitcoin price drops to $6,445.46 USD (-12.58%)
Ethereum price drops to $228.86 USD (-19.40%)

And so on with the other alternative coins, well I doubted and questioned myself how could these big changes happen in just 1 day or super fast? Being new to this thing made me decide to ask some of my expert friends how could this happen? One of my friends told me it is because of the manipulation of some huge investors or they called it whales.

The question: Is it really true that there are manipulators who manipulate cryptocurrencies?

Who are they and what is their purpose?
Is the owner/developer of cryptocurrencies belongs to the manipulators?

Please respect this post all I need is a clarification as well as verification if manipulators truly exist and play this kind of ups and down the game in the crypto market.

[alexrossi]

Who are they and what is their purpose?
Is the owner/developer of cryptocurrencies belongs to the manipulators?

Their puropose is to make as much dollars as they can out of these pumps and dumps, then try again until all the small fishes are gone.

[Piskeante]

in this forum you have quite a big amount of those, saying you to buy when they know you´ll lose money.

[jjeeppeerrxx]

Who are they and what is their purpose?
Is the owner/developer of cryptocurrencies belongs to the manipulators?

Their puropose is to make as much dollars as they can out of these pumps and dumps, then try again until all the small fishes are gone.

You mean the developers are part of this players to make more profits? Feel pity for those small fishes because of this kind of game, it's a matter of good and bad luck for small fishes.

What else can we expect in crypto market these days?

[nwosuchristabe2]

Due to the decentralised and unregulated nature of cryptocurrency space, prices could be manipulated by individuals and group of individuals with significant amount of the token or coin. Whales are those individuals who own a significant amount of money, they could manipulate the market with their sell and buy orders based on the algorithm of demand and supply chain. Developers also could manipulate the price of their tokens where they hold a significant amount of the token. This is carried out for their own personal gain.

[the13thsymphony]

The  manipulators in the crypto market are the pump and dump groups and whales and they do it whether they pump a lot of money into a cryptocurrency to attract people to put money into it or take it all away to make profits, just what happened to Aurum Coin last week. However it is really hard to do in big capped cry0tocurrency like bitcoin as you would need multiple pump and dump groups from all over the globe to move its prices. What I see right now many people do really want to lower the prices of the token in the top 100 to buy it in a good price for a passible short bull run that can happen in the last quarter.

[Herlina]

Who are they and what is their purpose?
Is the owner/developer of cryptocurrencies belongs to the manipulators?

Their puropose is to make as much dollars as they can out of these pumps and dumps, then try again until all the small fishes are gone.

You mean the developers are part of this players to make more profits? Feel pity for those small fishes because of this kind of game, it's a matter of good and bad luck for small fishes.

What else can we expect in crypto market these days?

Developers or anyone can be a manipulator in this market but you need to know that manipulators also have a risk of loss if they fail to influence the market, What if they sell Bitcoin and try to make a FUD but the market doesn't go down? bad conditions, failures, and losses can also be experienced by manipulators

[CoinMaster69]

I thiink there are some "whale" manipulators on the market now, but some crypto coins have such a low volume that it's incredible easy to manipiulate them (see Aureum pump).

[eye-con]

who knows, they are someone or a group of people with a position whether in the government or maybe in the position which is high enough to manipulate it.

[jjeeppeerrxx]

The  manipulators in the crypto market are the pump and dump groups and whales and they do it whether they pump a lot of money into a cryptocurrency to attract people to put money into it or take it all away to make profits, just what happened to Aurum Coin last week. However it is really hard to do in big capped cry0tocurrency like bitcoin as you would need multiple pump and dump groups from all over the globe to move its prices. What I see right now many people do really want to lower the prices of the token in the top 100 to buy it in a good price for a passible short bull run that can happen in the last quarter.

As per news, there's someone who took 10K Bitcoin or $74,000,000 which maybe was the reason why this price drop happened. They added that there's a good news behind this because whoever is shorting 10k BTC has to buy back at some point and it’ll likely push the price up significantly.

The big question is WHEN do they start closing the short positions and buying back. There’s no real way to predict how this event will affect the market in the short and long term. This is the bad news for everyone!

[coinzen90]

If bitcoin rises or falls it pulls with itself a lot of altcoins too, simply because usually if you want to buy an altcoin you have to buy BTC 1st, so the two is not independent. Other reasons may be pump and dump strategies and things like that

[Ikingpain]

The goal of market manipulation is always the same - money. Manipulators (whales) do this in order to earn more than they already have.

[Ramtapsbtc]

I think it would be the whales who are manipulating this whole scenario because of the fact that they have the resources and money to do so. They can organize a pump and dump group that can manipulate the market then they would cash out if the profit is ripe for the picking.

[jjeeppeerrxx]

If bitcoin rises or falls it pulls with itself a lot of altcoins too, simply because usually if you want to buy an altcoin you have to buy BTC 1st, so the two is not independent. Other reasons may be pump and dump strategies and things like that

It does make sense bro, but how about Ethereum? As I know they do have own blockchain which maybe not rely on the price of Bitcoin right? Here in our country, we have this wallet that able us to cash in fiat currency and convert it directly to Ethereum token but why is it also drops its price?

[Ucy]

This one seems like a special case.  Huge amount of Bitcoins moved, people panicked or the coins were sold.
The market is being manipulated nevertheless.
The market moves without any reason these days. It's becoming difficult to make reasonable predictions. You are doomed if you no longer can predict your environment. This is what you get when people get greedy and forget why we are in Crypto in the first place.
 Perhaps we should continue to surf the  waves dangerously until we figure out what is going on?

[lifesgood10]

This is not an easy situation to sort out
Resolve or comprehend full solutions or right answers to

Because most people do not know about the manipulation nor the manipulators too

Crypto currency manipulation is not just an individual or a team
I believe it is a stream of people ranging  above over 200 thousands people
That’s why the tense and bearish market happens easily when they bring down the market

[crimsongoth]

I think the cryptocurrency markets are more than open to manipulations because they don't have enough financial volume. Big players, which have sufficient liquidity,    have a free hand on the market. At the same time, ignorant investors are herded like sheep by bigs.

[bitcoinpeople3]

I think that the biggest manipulators of the cryptocurrency industry are whales. These people have so much investments in the industry and it is very easy for them to cause a pump or dump in the market, depending on what satisfies/benefit them at the point. They are almost in full control as to how well these coins do at a time.

[zxl912157]

There was no manipulation in the cryptocurrency because all the cryptoucrrency was decentralized.
If Bitcoin goes red in a few minutes there may be a joint panic from Bitcoin owners to sell.

[Reinz12]

I think the biggest manipulators are whales because they want to get multiple profits from their games. I have heard of this whales last year, they are willing to experience losses early to make other traders panic and then take profits multiply.