ONLY A FEW PEOPLE WITH THE MOST BITCOIN CONTROL THE MARKET

[dmty.0809]

circulating about the large number of market manipulations carried out by some of the strongest people who made the btc prices decline. So that many people believe in that, then sell their btc and they are forced to leave crypto.

[gabmen]

circulating about the large number of market manipulations carried out by some of the strongest people who made the btc prices decline. So that many people believe in that, then sell their btc and they are forced to leave crypto.

Well if you have the capability and the means to move the market to your advantage then why wouldn't you right? Many btc holders are easy prey for these manpulators especially those that are new to it and that gives them more power.

[rosezionjohn]

I believe the crypto market, is heavily manipulated, I'm of the opinion that only a few very powerful people or government, now HODL the most Bitcoin, And are responsible for where the price goes and as a result the entire market is under choas. Is this even possible? I think it is, what's your own opinion?

I also believe that there are only a few people/groups who holds the most bitcoins and that they can somehow influence the direction of the market. But I do not think they are entirely responsible for the price going down, I would rather put the blame on panic sellers.

[shamc]

It is held by more whales than before. As the number of exchanges increases we will see less manipulation due to bitcoin being held in cold storage wallets instead of ready to dump accounts

[Somsak-90]

Let me see if I got this right. You’re saying that people holding the lions share of bitcoin are able to control bitcoin with buying and selling? That’s a stroke of genius dude! You should work for JPMorgan Chase or Goldman Sachs. LOL

 

Genius!

People are abandoning the ship and it makes it sink even faster! Anyone smart enough to read the signs understands the potential that BTC has. BTC is extremely volatile and it has been in the past as well! As someone mentioned above, no one was this sceptic when the price went up to 20k and it was also an extreme! People who invested in it should stick to it. The reverse will happen and all that story staring with R.I.P. BTC is a fairytale!

[ShowOff]

I believe the crypto market, is heavily manipulated, I'm of the opinion that only a few very powerful people or government, now HODL the most Bitcoin, And are responsible for where the price goes and as a result the entire market is under choas. Is this even possible? I think it is, what's your own opinion?

If you believe that happen, so you know what will you do. Keep believe price will up again when "that powerful people" want it to up. That is why no need to stressed out when bitcoin price fall like this.

[Cryptotissue]

Bitcoin price is still way overbought, but a lot of the people on here have a cult mentality. A lot of things have changed in the Bitcoin space. For instance, it cannot scale. It has failed in its mission. Nearly all the money in crypto is speculative money and as a result the price is reflecting that. R. I. P. Bitcoin.

First and foremost, I don't think I agree with you with regard to the idea that bitcoin has failed in its mission. Please, I will kindly advice that you should spend some time and read through Bitcoin's whitepaper.   This will give you some fair idea on the missions and visions of Bitcoin and blockchain technology.

[kendra1107]

I believe the crypto market, is heavily manipulated, I'm of the opinion that only a few very powerful people or government, now HODL the most Bitcoin, And are responsible for where the price goes and as a result the entire market is under choas. Is this even possible? I think it is, what's your own opinion?

Manipulation is indeed in the Bitcoin scene. From the governments, banks, private institutions, and the like which are controlled by the Illuminati (known to be connected to the Rothschild's) it is undoubtedly possible that the market is highly manipulated. Having a massive amount of Bitcoin will certainly make major price movements. This is not a speculation. Common sense tells me this is what's going on..

[Gamblet]

I think that this is natural for any markets. That Bitcoin has big holders gives us hope that Bitcoin will live. When the big players sell their coins, then Bitcoin can collapse very much.

[Kemarit]

I believe the crypto market, is heavily manipulated, I'm of the opinion that only a few very powerful people or government, now HODL the most Bitcoin,

Could be true. But the problem is that we don't know this whales, and remember this is a free market and they can do whatever they want without any consequences.

And are responsible for where the price goes and as a result the entire market is under choas. Is this even possible? I think it is, what's your own opinion?

However, they're just part of the equation. Maybe there are people who wanted to sell because they needed funds for whatever reasons so they obviously wanted to sell. Or investors who became impatience of the Bakkt offering, or the Van Eck/Solid X ETF that why they sold to at least break even in this bear market.

[pooya87]

"control" is a big word, and "a few" is an exaggeration too.

there are whales and there are manipulators who have large amounts of bitcoin that can affect the price quite a lot but they don't control the bitcoin market. if they really controlled it then they wouldn't feel the need to spread so much FUD on the internet to make others act. it shows their lack of control that they have to force others into selling if they want the price to drop for example.

things are very different with altcoins though. because distribution of coins is unfair for most of them and majority of them have such small markets that you can easily have full control over with a small amount of money and there aren't that many traders in most coins to oppose you either.

[everybetsports]

Just wondering why did not I saw all these topics when it was rising . At that time nobody is trying to find out the real reason why it is rising so fast, What are real reason for its increasing so much value in short span.
Now everybody becoming worried about manipulations when it is going down.

This is a good viewpoint. Seems to be typical human behaviour, I suppose- especially in the markets. When people are making money during bull runs and the market is euphoric, prices rise. Nobody complains, skepticism is at an all time low. Essentially, people are blindsided by the positivity and exponential increase in price, making it hard to even think that manipulation is occurring or is possible. Seems the opposite is true when markets are hitting their lows, people finally become skeptical, concerned, and weary. Again- typical human behaviour, and is why being emotional and trying to participate in markets strictly for investment and trading purposes is a match made in hell.

While it's definitely possible for people to somewhat control and manipulate the prices of bitcoin to a certain extent, we can't be sure of that.

Does it matter short term? Nah. Anyway, this 'problem' should be gradually fixed as time goes as the marketcap of bitcoin goes bigger(assuming the marketcap increases steadily yearly). With higher marketcap and with more money in general that's into bitcoin, the price of bitcoin will be significantly harder to manipulate and to significantly harder to skew over with big buy and sell offers.

Agreed and agreed. Although there's a real supply and demand model to Bitcoin, this relates strictly to the price of the cryptocurrency. The fundamentals cannot be bought nor sold, meaning that even the wealthiest of buyers- while currently able to purchase large amounts of Bitcoin and move the market in ways, will hopefully become less of an issue in some years, when the technology is more advanced and adopted, with millions of people owning Bitcoin. The manipulations, which of course are apparent here and there, are sort of a short term issue in the grand scheme of things. Bitcoin's a volatile asset, and hopefully this will become less of an issue if it becomes widely "adopted."

[Flagship11]

Yes your sentiment is basically 100% accurate.
makes you wonder why people are so surprised with market manipulation.

[pucunghul]

In my opinion, not only a few but very many whales, their manipulation has a big influence on the crypto market, in a market situation like now we can only hold it waiting for prices to return to normal, because selling it now will only make us lose big and worsen the market .

[verita1]

About Bitcoin price manipulated a lot of information has been written on the websites of specialists in Bitcoin and Cryptocurrencies. Are all these information true? Probably yes. Some refer to fake orders to trick traders into buying and selling. As well as cryptocurrency trading bots are manipulating the bitcoin price.
but how is it possible? If to create an account on an exchange platform we must pass anti-bot and KYC tests.

https://www.ccn.com/bitcoin-price-manipulated-by-cryptocurrency-trading-bots-wsj/

[peter0425]

About Bitcoin price manipulated a lot of information has been written on the websites of specialists in Bitcoin and Cryptocurrencies. Are all these information true? Probably yes. Some refer to fake orders to trick traders into buying and selling. As well as cryptocurrency trading bots are manipulating the bitcoin price.
but how is it possible? If to create an account on an exchange platform we must pass anti-bot and KYC tests.

https://www.ccn.com/bitcoin-price-manipulated-by-cryptocurrency-trading-bots-wsj/

But you need to understand that bots still needs human right? But it makes them easier to manipulate the price by just pushing for a big sell order or dump everything if the price goes to this level. Right now we have seen the price pushed to $4k, a bear trap? manipulation again? I speculate yes, this pattern keeps on repeating so for me, their really manipulation by someone behind to gain huge profit again from newbie traders.

[jemarleon]

Quite unfortunate that this is happening to Bitcoin at the current moment that it's yarning for mass adoption. Only time is left for Bitcoin to proof itself.

It still a long run and there is no limit for bitcoin to prove itself it doesnt even need to prove itself.

For the OP, it is not impossible that whales can control the price but NOT in this big loss moments it is not about the whales its about the FUDs and also about the people who dont really trust BTC and sell their BTC on lower price because they panic.

[larkinvain]

I partly agree with your post of the course bitcoin market is manipulated to some extent. Nothing really has to do for this kind of situation but the most important thing is we should keep patient and hold our coins to make them profitable for a certain time.

[pat4cryptoreal]

I am not of that Ideology that it is only a certain group of people that are manipulating the market. Instead of complaining there is an opportunity now for everyone to buy as many as. This dip in price is about to create another set of whales.

[meanwords]

I'm not sure if whales really do manipulate Bitcoin but I can say that there's a group that does play a huge role in price and those are miners. Miners probably have the most Bitcoin when combined and when they are influenced by something, then a price movement would sure to happen.