Do You Believe that there is a crypto cartel suppressing the price of BTC?

[pooya87]

Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?

first of all it is not because of size of market cap but instead the size of the market which is basically the order books on exchanges. it has absolutely nothing to do with the market capitalization!

secondly "control" is a big word. nobody can control bitcoin at this point, they may do it with most of the altcoins but bitcoin is big enough and already has enough investors in the market that nobody can control it. "influence" is a more suitable word since they can influence the price and intensify some trends.

[gentlemand]

Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?

What about all the other 'groups' they just sit there and wait their turn? The idea is silly. It's a free for all and an ever changing one. One entity may initiate a move. There's no way they can retain full control of it until it reaches some predetermined conclusion that suits only them.

[Periodik]

I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?

There will always be manipulation to a certain extent. The rich are the ones who can only do this. The simple investors, even pooling together, cannot influence a market that is in the billions of US dollars. While I think there are market influencers present not just in the crypto market but also in the stocks and in forex and in any market to be exact, they cannot dictate everything. Especially in crypto.

[TentallyMooN]

I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?

I am sure that there are people who manage the price of bitcoin. They manage it in such a way as to primarily benefit for themselves. I think that these are large investors who by their actions can really change the course of this game.

[TentallyMooN]

I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?

There will always be manipulation to a certain extent. The rich are the ones who can only do this. The simple investors, even pooling together, cannot influence a market that is in the billions of US dollars. While I think there are market influencers present not just in the crypto market but also in the stocks and in forex and in any market to be exact, they cannot dictate everything. Especially in crypto.

In fact, it is the influence of rich people on Bitcoin is very large. We underestimate their actions. They carry out their manipulations when it is convenient and profitable for them to do it.

[BQ]

Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?

What about all the other 'groups' they just sit there and wait their turn? The idea is silly. It's a free for all and an ever changing one. One entity may initiate a move. There's no way they can retain full control of it until it reaches some predetermined conclusion that suits only them.

Well, other groups doesn't have to wait, it's more pretty obvious that very rich people can easily move the market. isn't people saying 10% of the market cap is actual amount of money that has gone into crypto?
do you relaly believe noone is moving the market whichever way they please? Bitmex seems capable of moving the market to liquidate as many people as possible.
It'd be naive to assume that the market is free I think.

[norachuks]

For sure there must be a crypto cartel, in every platform there are always cartels but can't talk about suppressing the price.

[pixie85]

I think that there are many groups working for their own goals in this market. It's even more clear with altcoins like BCH. Roger Ver is trying to belittle Bitcoin and pump his BCH above it and at the same time Craig Wright tries to take control of BCH from Roger Ver. Even altcoins have their own influencing groups.
Bitcoin is being suppressed for sure and I think that it has something to do with Wall Street and regulations.