Fake dump

[BitHodler]

I think we all know that the bearish trend is over  

How are you so sure? It's not over until we actually break through at least the more recent lower highs, because there simply isn't anything that guarantees that the price won't be going down further in the coming months.

I am a bit more conservative when it comes to the bear market. $10,000 is for me the level to break in order to signal that the market has actually turned bullish, because that level is psychologically extremely important for the sentiment.

I expect the market to slowly pick up pace in the second half of 2019 with how the speculation around the block halving is going to be the price driver, which has been the only event consistently driving the price up throughout the last years.

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[batang_bitcoin]

I think we all know that the bearish trend is over

How did we ended up with the bearish? we are still with it.

for this year I doubt that we see more than  $7500

No positive movement at all and the only movement that we see right now is it is going backwards. I already accepted that the price wouldn't end higher than $8000 and if it will reach $7,000 by December than I'm ever grateful with that at least its higher than what it is now.

[cellard]

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

[allohm]

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

i think this https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/article sheds some dim light on what is going on...the selling pressure is relentless and orchestrated. certainly it is not bch drama, too ridiculous a reason. however if sec is very very close to "having talks" with some exchanges (and thus insiders may be dumping using bch as a curtain) than we may be one step closer to the death of the centralized exchanges in the form we know them. i would appreciate your thoughts.

[STT]

Nothing is fake if the price is trading at that price over some reasonable amount of time and its been enough now to form a full 4hr bar so I think thats real enough to count.

As far as it holding, I'm looking at a year ago and this price was near to the bottom on 12th Nov.    Theres alot of pricing in this area for it to catch on rather then move simply up or down

[3la9l_kolbaCa]

Nothing is fake if the price is trading at that price over some reasonable amount of time and its been enough now to form a full 4hr bar so I think thats real enough to count.

As far as it holding, I'm looking at a year ago and this price was near to the bottom on 12th Nov.    Theres alot of pricing in this area for it to catch on rather then move simply up or down

I agree this is not fake, and the graph trend showed very concrete price movements and I think that's an effect of the panic. That's clearly stating a huge amount of dumps, and if there we're people who speculate about fake dumps then we will have to observe if the $5.5k will have to recover quickly before December ends.

[pixie85]

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

i think this https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/article sheds some dim light on what is going on...the selling pressure is relentless and orchestrated. certainly it is not bch drama, too ridiculous a reason. however if sec is very very close to "having talks" with some exchanges (and thus insiders may be dumping using bch as a curtain) than we may be one step closer to the death of the centralized exchanges in the form we know them. i would appreciate your thoughts.

Are there really any decentralized exchanges? If you're talking about P2P exchanges or localbitcoins then maybe, but all biggest exchanges like coinbase, bitfinex and the rest are centralized. If you send your coins to them, you put them in control. If they decide that your coins were used to commit a crime at some point they'll be able to block them and force you to explain where you got them from. It's a great example of government intervention and centralization.

[Rune]

What is a Fake dump? Seems like a real dump to me billions leaving crypto all at one time this is very bad for people holding crypto and no fiat at all time to hodl I guess.
Maybe ill dump some to and try to buy lower  lol this whole tether thing scares me I am uneasy

[creeps]

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

Manipulators will always win in this market not unless someone stop them lierally I think, they know how to play well with the hodlers and most especially with the newbies.

Its actually not a fake dump but its more on manipulating the price so they can really dump the price and buy more at the dip.

Many situation like this before and whales are on the move again. Let’s just continue to ride with them and don’t let their win easily. To the beginners, you need to improve your skills, knowledge and your emotion so you will not lose big money when whales manipulating the market.