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

[nonconformist]

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?

[Oniko]

I think that's quite possible.

If earlier the price of bitcoin was 20, 000 dollars.

If the price falls by 95%, bitcoin will have a cost of 1, 000 dollars. And this is quite real in this mood of the market

[TepungBeras]

indeed it seems like that, crypto prices are currently depressed, and I think it takes quite a long time to recover.

[mfyilmaz]

I think people are dumping to create a FUD so others will dump to and they can fill their pockets cheap for the next bull run because I think the price of bitcoin will indeed reach 100,000 dollars and more but the only question is when... so those people want to make big bucks and sell for a fortune. If I had the money to do this I would do it aswell... but unfortunately I dont so this is more proof that we need more decentralized money... more people need to own bitcoin so nobody has so many bitcoins that he can dump it on the others... but this is just my 2 cents.

[CrazeCoinz]

Being a decentralize currency this can possibly be controlled by those whales that owns huge amount of bitcoin as they can create FUD that will panic the weak investors to sell their bitcoin to make the price lower and then they will buy at lower price. This is same principle in traditional investment as those who owns bigger shares has a control the market.

[demenBTC]

crypto can occur with an unpredictable increase, you can see the history of btc increase last year from $ 6000 can continue to increase to $ 20k, indeed this year is very different but we remain optimistic

[blokceyin]

I do not know, but it's possible. Market value is still too low for giant business people.

[marla_zinger11]

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?

We call them "whales". They do all that they want due to their resources.

[SlashEject]

There might be the possibility of a cartel behind it. Because the price of BTC has been in a dip for quite a long time, which seems unusual.

[george888055]

If you look at it objectively, you can see what is really being manipulated by the market, and most likely these are people who are engaged in bitcoin mining.

[Bessta]

Sounds possible and the cartel might be the whales which has been manipulating the crypto market for almost 3 quarters now. But basing on last year's bitcoin alts performance it can be disputed because cryptos soar during 4th quarter. It can also be concluded that the dips are caused by the negative issues thrown at cryptos.

[antisocial77]

if there is huge money, no matter what kind of investment is, there are big bosses who control the money.

[Yustiant]

my opinion there might be a cartel that holds a large BTC coin so that they can affect the price of the coin.

[Kocret02]

this can be an effect, I think btc can be influenced by big money, maybe cartels or big investors with networks and connections in cryptocurrency can have a huge effect. so I think anyone who has big money can affect the price of any BTC.

[btc_angela]

There might be a manipulation but a crypto cartel? I doubt it. If you are in for a quite some time now you will hear people talking about price manipulations. But I personally believed that no whales is collaborating with each other to bring the price down deliberately.

[Stavr1992]

in my opinion cartel do not exist. there are only a large holders биткoинoв, the so-called whales. they affect the price of his massiveness

[ImHash]

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?

Do you have a link to said article? I don't think that using cartel is the right word to describe this situation, Yes I agree that there are some companies manipulating the price, But a cartel is not that strong to have any significant influence on the price.

[rosemary4u]

In my opinion, I don't think there is a cartel of coins that are suppressing the price of bitcoin. Bitcoin would always remain the amazing cryptocurrency that we know of, I believe the drops in prices are always caused by negative news in the media that scares people off and eventually they engage in panic selling.

[KonstantinosM]

No, not really but you should start polling.

We should call that the paranoia index.

Sure the banking cartel is mostly against us but they are impotent and unimportant. The price is dictated mostly by exchanges between individuals.

The banks and governments can try to use the media and the justice system against us but they can't block progress.

[kryptqnick]

I think that's quite possible.

If earlier the price of bitcoin was 20, 000 dollars.

If the price falls by 95%, bitcoin will have a cost of 1, 000 dollars. And this is quite real in this mood of the market

Firstly, it doesn't seem realistic even if we take into account bearish general trend. No matter what kind of news appeared and how panic sellers were acting, bitcoin's price hasn't fallen below $5900 since the ATH. I think that approximately $6k is a price the vast majority is willing to pay for bitcoin. People are not selling it at lower prices regardless to global FUD, and this price cannot be ruined, unless something really terrible, like World war 3 or quantum computer solving cryptography puzzles instantly. Now to the second point. Believing that there is global conspiracy in any field is just trying to find who to blame for all the things you did wrong in your life. Everything is up to each one of us and no secret group can have global impact on major things.