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

[coinwizard_]

It could be manipulated downwards by a smart crypto whale who wants to attract big game players. These institutional investors do not want to join at the top so they will want a lower price point, hence whales pushing down the price to bring them in

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[fulmetal08larz]

Well, it could be possible that there are group of people who are controlling the market. Despite all that, we should be sticking to our strategy and pick up the pieces and traces they are leaving behind. Think like the whales and anticipate their moves so that we can win against the market. Do not be too greedy of your profit and if ever you needed the funds, there's nothing wrong in selling.

[Slow death]

I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high.

you have heard and have not shown evidence, we should not make that kind of comment without proof because this can generate fear in people who want to buy bitcoin or who are holding bitcoin. If you have some evidence then post to this thread, but if you have no evidence then in the future avoid posting this type of topic

The article also said that they also suppressed the price of gold and silver.

Proof?

What do you think about this?

I did not see proof, so I will avoid commenting.

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

1, 000 dollars is quite real? You're kidding, right?

[Cryptogid]

Please keep hearing,if you have the proof that a cartel is actually regulating the price of bitcoin,I can believe you,with video and voice recorded..

[Eadefemi]

Please keep hearing,if you have the proof that a cartel is actually regulating the price of bitcoin,I can believe you,with video and voice recorded..

For real? Video and Voice record? That's funny...
Well, cartels definitely exist and they are called the Crypto whales....those who hold any amount of crypto currency in any large volume are definitely capable of manipulating the price to suit their aims and agenda....

The astronomical rise of btc to about 20000$ and then an almost immediate crash to 6000$ definitely had the imprints of whales all over it.... And that's your  cartel right there!!!

[rosemary4u]

It could be manipulated downwards by a smart crypto whale who wants to attract big game players. These institutional investors do not want to join at the top so they will want a lower price point, hence whales pushing down the price to bring them in

It is possible that those with large quantities of bitcoin can come together and manipulate the market. Blockchain technology is fully decentralised but it seems most people blame the whales for the rise and fall in the price of bitcoin almost every week since they hodl huge quantities of bitcoin.

[Red-Apple]

there has been manipulation for sure and there will always be manipulation and what you can call "cartel" in every market that will continue trying to change the market in their own favor but you can never say they are controlling the price enough to be suppressing it. bitcoin may be small but it is big enough to be able to resist these things.

[raidarksword]

Yes and it's possible it could happen because there are lot of potential manipulation by some well rich people who could do that and i think it's really happening. Volatility is not the only reason bitcoin may changes all the time and other reason is the suppressing  of price of bitcoin to benefit others such whales to have more profit that everyone else because they can dictate what would price would be.

[pat4cryptoreal]

I don't believe that  cartel from any quarter can manipulate bitcoin to that extent. Let us remember that the major determinate of price is demand. The higher the demand the higher the price. Though spreading some FUD news can influence the price.

[javadsalehi]

It's completely impossible to find out if a cartel is determining the prices. But I personally think that a group of people are manipulating the prices. The big prices changes is not normal. Some people believe that the price fall from from 20000 dollar to 6000 dollar was normal. But I don't think so. Because I doubt go health of that price to 20000 dollar too.

[kamBlanV]

he is a big whale, yes, whales are always there to make very big waves. make good fluctuations, and make us profits.

they are very confident in bitcoin, even they are able to dominate the market, and he makes other investors panic when buying, so many investors add more assets.

[BuyBuyBitcoin]

It's a new ASSET CLASS

Valuing it against existing asset classes will continue for a decade.

It was valued to high to quickly last year by many speculators.

Even when it gets back to $20k it will be undervalued over a 20 year period.

People bouncing in and out of bitcoin for quick gains will always be "involved" in bitcoin. That doesn't change the fact it's severely undervalued and will continue to be for a long time.

[Zin-Zang]

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?

FTFY   
    
Do You Believe that there is a Bitcoin cartel suppressing the price of Altcoins?

[AlaEhBTC]

I think it is not a cartel but those whales maybe. What I think is there is a club of people with a lot of bitcoins and maybe they decide on when dump or buy to control the price.

[gentlemand]

I can believe it might have been possible in 2010/11 when the whole thing was minuscule. These days it's so spread out and there are so many different people involved it's impossible. Individual moves may be coordinated but there's no way of predicting the effect. It might be gulped by competing groups.

As with all conspiracy theories, it's much more comforting to think there's one little group of wizened men around a table dictating moves. The reality, that it's a chaotic shitshow where no one has a clue, is much less appealing to most people.

[deppil]

It could be manipulated downwards by a smart crypto whale who wants to attract big game players. These institutional investors do not want to join at the top so they will want a lower price point, hence whales pushing down the price to bring them in

Of course every market will have cartels, mafia, big players, whales, and so on. they have a big influence on the market, but that doesn't mean they have full control on the market. especially if the total of users in the market is very large. of course the one driving the market price is not only the cartel. but every individual users

[Twentyonepaylots]

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.

     
        No, i don't believe on the above question as stated, there are a lots of indicators that may goes with the determination on the price value of Bitcoin as posted in the market, Volatility of the market is one factor, it is unpredictable on the market movement during the trading, the fundamentals, market structure, and the consumer's behavior or confidence towards Bitcoin, not to mention the Volume of the investment made by investors.??

[Baofeng]

I mean what will be the purpose of those cartel? To monopolized the market? C'mon this is 2018 already there are millions of traders around globally, so its going to be hard to control this market. Going back to my question, they wanted to manipulate the price so that they can buy and hoard a lot of coins? That's how supposedly a cartel works, but so far we haven't seen anything out of the extraordinary to say that they can literally control the price the way they wanted.

[Jocuserious]

The quote it simple possible if Bitcoin price will going to fail 90%+ then Bitcoin price goes to big down 3000$.if 90% will going up then 15000$ can be up Bitcoin price I'm sure.but I see coinmarketcap for checking Bitcoin price but now still 6400$. Actually not bad think in my opinion,in this end after 2 month.so have good little time more I hope Bitcoin price will go to 10000$ cross up.

[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?