Latest Bitcoin market trend - Looks like the Bitcoin Whales are losing momentum

[r1s2g3]

I think current price is motivating the individuals to accumulate more bitcoins as it is attractive entry point. I also think whales already accumulated too much and they might now working/motivating others to acquire now and themselves keeping their balance stable.
It is just my thoughts.

[deisik]

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again

I think you should redefine "momentum"

As it is the market in general which can lose momentum. Whales can lose incentive or interest, they can't lose momentum because they are whales, i.e. they have enough dough to move the price in either direction (or even in just one direction), as per definition. Otherwise, they wouldn't be whales, right? In this day and age (in cryptocurrency terms, of course), whales seem to be more interested in altcoins since Bitcoin is pretty well established by now and trying to speculate with it may backfire and burn their fingers (and fins)

[daarul50]

I also think the same thing about bitcoin whales will continue to decline as time goes on and I hope the pope will no longer be in charge of the bitcoin movement they can manipulate in various markets. Everyone is fed up with their games so people are smart to collect bitcoin until they get the next highest price.

[webtricks]

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again. <They are playing around within a $400 to $500 price range for their profits now>

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. <The $400 to $500 price increase is simply not enough incentive to tempt hoarders to start selling their coins again.> 

Do you see this same pattern or am I imagining this?

I think the ongoing bitcoin fluctuations are too small to be called the manipulated ones. In last one month, Bitoin price remained in the range of $3.7K to $4.2K. So with the range of $500, it's too risky to do any kind of shorting.
No doubt most of the cryptocurrency market is manipulated by whales and bots but present scenario doesn't show that. Also by reading chart, it is hard to tell any kind of continuous pattern. So it is due to natural market movements and traders in large are buying/selling with increase/decrease in price thus nullifying any kind of huge surge or fall presently.

[1Referee]

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum.

I'm not so sure of that. Every well thinking Bitcoiner has utilized the boom and bust cycles to acquire more Bitcoin. In that regard, I would like to say that whales have become wealthier and more powerful than ever before.

Average people on the other hand are as stupid as they have always been; they continuously buy and sell at the wrong moments, and whales know how to make them buy and sell at the wrong times. Bitcoin's wealth distribution is way worse than fiat's wealth distribution, and it's only going to be worse because most people are straight gamblers and don't care about its decentralized nature.

People who value Bitcoin do everything to acquire more. They will get people's coins cheaply and sell them back to them way higher, to then repeat this whole cycle.

[fauzan Ichsan]

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again. <They are playing around within a $400 to $500 price range for their profits now>

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. <The $400 to $500 price increase is simply not enough incentive to tempt hoarders to start selling their coins again.> 

Do you see this same pattern or am I imagining this?

I think the ongoing bitcoin fluctuations are too small to be called the manipulated ones. In last one month, Bitoin price remained in the range of $3.7K to $4.2K. So with the range of $500, it's too risky to do any kind of shorting.
No doubt most of the cryptocurrency market is manipulated by whales and bots but present scenario doesn't show that. Also by reading chart, it is hard to tell any kind of continuous pattern. So it is due to natural market movements and traders in large are buying/selling with increase/decrease in price thus nullifying any kind of huge surge or fall presently.

right, knowing risk becomes very important so we can think logically. for now, I think it's a good start for bitcoin, because yesterday it broke the price of $ 4000, hopefully this is a sign of a good time to invest

[raven7886]

nothing will continue to stable here for a long time and its Momentum was changed due to a lots of reasons because that renders always been very short period of time we need to adapt yourself for the trend and make it useful this will be the thing that everyone should understand while the price was being high and low.

I don’t think it is good to adjust our mind to this type of volatile market, if every believer of crypto currency keeps doing this, what input have we then made to the success of cryptocurrency and what will we pass to next generation.

When Satoshi created the bitcoins, what he purposely created was a system of payment that will become very stable in near future for everyone to use and also hold as digital asset but look at what we have all turned it to now, only means of using it to make profit, if we keep with this trend, how will the purpose of the system be established and how are we going to also pass positive information to the government about Bitcoin.

[awawo]

Can you provide anything that proves that bitcoin is manipulated by some mysterious whales now? It is pretty obvious that markets with low market cap are pretty sensitive to large deals but for the last time those fluctuations seem pretty normal for crypto. If during a month BTC price change +- 300$ then I don't see any reason to blame some unknown whales and say that market is manipulated.

Very correct I don't think there is any invisible hands behind the fluctuating price in the market after all bitcoin it self has no stable price and at that can move in which ever direction it demands force it to move to. I use to think that its whale that are behind the &4000+ movement but later realized that it a normal market movement.

[playboy654]

I agree, in recent times the flow of Bitcoin and the Crypto market will not been stable and it will definitely losses its momentum so it means the pump is not been happened for cryptocurrency in recent times especially Bitcoin is not in good flow right now so it will definitely affect lots of investors including me.

[deisik]

Average people on the other hand are as stupid as they have always been; they continuously buy and sell at the wrong moments, and whales know how to make them buy and sell at the wrong times. Bitcoin's wealth distribution is way worse than fiat's wealth distribution, and it's only going to be worse because most people are straight gamblers and don't care about its decentralized nature

I like the way you put it (yeah, I do)

Though I can't say that average people (let's call them wannabe traders) are necessarily stupid on their own. It is rather their actions that become chaotic and irrational (sometimes bordering on outright insane) when they get under the stress of adverse market conditions. And then everything happens like you describe, i.e. they keep on buying and selling at the wrong time. But let's admit it, we all have been through this

[LUCKMCFLY]

Taking into account the market in recent months, maybe, the outlook is showing us the loss of the momentum of the whales, I think now, according to my analysis based on Wyckoff's theory, we are in the accumulation phase, where the whales they are interested in the price being cheap, in order to buy, and the manipulation game to continue, but due to this, in low levels there is not much offer of bitcoin, so they must raise prices.

If the bitcoin increases, the whales know that they are on offer, however they can make it correct the price, only to continue buying something cheaper and apart from taking profit from the movements, with the basic principle of Law of Effort and Result.

In this phase it is very easy to manipulate news, to cause panic and thus manage to release as many Bitcoins as possible cheaper.

[Supercrypt]

I guess it is not a "momentum loss" as much as a strategic planning. I mean we have been around the same price for months now and the rich people can't just keep making money forever from these prices. So, they need to figure out a way to make a lot of money, if they can make a lot of money from going up than they will, if they can make a lot of money from going down than they will.

Moreover, I see that the next type of money making might be the short breakers. They will make the market look like it will go down and make people open short positions and as soon as they see if its enough they will start to go with longs and increase the money that way they will break all shorts and make a ton of money thanks to double downing on bitcoin prices going up in bitmex and so forth.

[BitcoinTurk]

The market is developing day by day and the control of prices is becoming more difficult with this development. Especially 2-3 years ago, we know that even individual whales can control prices, but the fact that individual whales cannot control price as easily as before is clearly evident. Those investors who are losing power in the market every day will probably lose their financial power in the coming periods or it will become much stronger if there is a possible adverse situation. On the other hand, the reason for this low price range may be to re-mix the investor's mind.

[darewaller]

I agree with you, I see already that whales are gradually losing the battle, and this is what I have been clamoring for in a long term, we need to war against these whales that are making the market highly volatile and the way is if we all don’t allow them to make us panic sell, once we don’t give in to this in the meantime, we will get more users coming in to the cryptocurrency space to also make use of it and with time, everything will become  balanced and there won’t be enough room for whales to manipulate again.

From here bitcoin will keep growing gradually till reaches its fairer price which would be based on mining cost and other impacting factors.

[whirlcoin]

Ok, this is only my own observation, but I think it might be very accurate if you are looking at the more recent Bitcoin price trends. We all know that Bitcoin whales are still manipulating the Bitcoin price. <Yes, it might not be a huge influence, but it is still happening>

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again. <They are playing around within a $400 to $500 price range for their profits now>

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. <The $400 to $500 price increase is simply not enough incentive to tempt hoarders to start selling their coins again.>  

Do you see this same pattern or am I imagining this?

in some way cryptocurrencies are lost its Momentum especially be Bitcoin had a huge trust in the previous time but it will not fulfill the expectation nowadays so I think definitely the momentum will not support Bitcoin to be a better currency right now.

[mangsitin]

I also think the same thing about bitcoin whales will continue to decline as time goes on and I hope the pope will no longer be in charge of the bitcoin movement they can manipulate in various markets. Everyone is fed up with their games so people are smart to collect bitcoin until they get the next highest price.

Yes it's true, for now traders look more patient and continue to hold their assets from whale attacks, so the current price seems to be stable at $ 3800, so big popes will further reduce their desire to manipulate the market, hopefully prices will rise.

[michellee]

When we talk about the whales, I think not all whales losing momentum because I am sure that there is a smart whale who can gain the biggest profit from the other whales.

Yes, they can manipulate the price as you said, but some of them might be losing the momentum especially if they can not buy bitcoin at a low price. We already know that the price is up and down and the differences for the price is up to $400-$500 so when the smart whales can use this chance, I don't think that they are losing momentum because they can buy more bitcoin than before and they could make scalping trade to gain more profit and of course, more bitcoin.

[ASHLIUSZ]

Bitcoin whales were losing momentum, this has been taking place because of the users steady mind and not reacting to the panic attack that the whales generate around the market. This seems to be the reason for losing momentum, else by now there could've been some market fluctuation by now.

[BestSSS]

Now the situation in the market is similar to the one that was in October-November last year. The price stands in one place and every now and then we see sharp movements of 100-200 dollars up or down to knock out the maximum amount of stop margin trading.
Leading traders (whales) will never leave this market, when it seems that the market is not controlled by them, all will witness another failure and then you will see who is the boss

[nur rochid]

Bitcoin whales were losing momentum, this has been taking place because of the users steady mind and not reacting to the panic attack that the whales generate around the market. This seems to be the reason for losing momentum, else by now there could've been some market fluctuation by now.

I agree, with no major changes, making people panic. so that they hold a lot of bitcoin with doubts. but I think patience to wait for good news to come is needed to achieve each goal