Falling of crypto prices

[JollyGood]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

There is too much speculation, too much.

Whenever an event such as price rises or price falls occur, there are numerous reasons for it and though there might be a couple of 'main' reasons the truth is it is almost impossible to work out all permutations to find out what triggered the event whether it was a fall in price or a rise.

[Wexnident]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

You should just probably reseaech it yourself and determine by yourself whether to believe or not. Some news can seem to be connected but are really far. You can't just put one and one and call them connected all of a sudden without any justifications that could logically be derived from the news they have. Besides, news or fake news, you should try and read up more about them and still decide for yourself. Thats how those famous persons do it, they just get on the news cause of their fame. You don't really have to stick to their ideals since you have your own.

[Taskford]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

There is too much speculation, too much.

Whenever an event such as price rises or price falls occur, there are numerous reasons for it and though there might be a couple of 'main' reasons the truth is it is almost impossible to work out all permutations to find out what triggered the event whether it was a fall in price or a rise.

We can't help it many people speculates because they want to see great thing happen but the fact there is we cannot really tell on what will happen in future, But we can have an indicator on what will gonna happen on future and we must catch it although it's not 100% but we might gonna ride with fud news and earn with it.

[WatchMaker]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

Well, I think the people that invested in bitcoin for the BAKKT launch are the ones dumping for profits. We all know that things like that happened in the past. Whenever there is a major launch whether a coin or exchange that creates a market bull run of either bitcoin or ethereum. Once the product or coin is launched, then it is dumping season for short-term investors. 

[Herbert2020]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

There is too much speculation, too much.

Whenever an event such as price rises or price falls occur, there are numerous reasons for it and though there might be a couple of 'main' reasons the truth is it is almost impossible to work out all permutations to find out what triggered the event whether it was a fall in price or a rise.

keep in mind that there is a big difference between speculation and random nonsense FUD online. speculation is when you are analyzing the market, fundamentals,... and trying to find things that actually affected the market. everything else like the one he is talking about (someone moving large amounts of bitcoin around) is just bullshit there to scare newbies into selling their small amounts of bitcoins!

[JollyGood]

keep in mind that there is a big difference between speculation and random nonsense FUD online. speculation is when you are analyzing the market, fundamentals,... and trying to find things that actually affected the market. everything else like the one he is talking about (someone moving large amounts of bitcoin around) is just bullshit there to scare newbies into selling their small amounts of bitcoins!

You make a valid point. There are clear distinctions between FUD and speculation but both do contribute to price fluctuations.

[BitcoinHunt3r]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

I think it can be trap, or maybe someone sell their coins. If me, i still believe out there people want others to be panic and then they can get bitcoin in cheaper price. Maybe something like that is used to make people panic so dump is happening and they start to accumulating.

[jostorres]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

I would not say if this is the cause and if it is, I think it is even better we start getting rid of all those whales, because anyone that could have such amount of money to move the market is definitely a whale and they are the ones that has been causing a lot of damages, if we get rid of them and we have genuine cryptocurrency users, I think it will be better for all of us, as we can see now that the price is already recovering back even without that whale, and I am suspecting that it was this funds that was used in moving the market forward around April that bitcoin suddenly skyrocketed, but if it was so, thanks to him anyway, he got us out of the bear market and probably he is okay with the profit he has now, so if he is out of the market, then we can be free that one whale is down already.

[Darooghe]

Why would there be a bull run now, and What is the reason? Also, why would it crash now? No reason for that either. What makes much more sense is a prolonged period of consolidation. What is even better is that this is beneficial to HODLers and traders alike. Consolidation in BTC is within a 150 percent range, so plenty of trading to be done and HODLers will get plenty of chances to add more BTC once they acquired the fiat to do so. Of course all this only applies if the market chooses bull path consolidation pattern on monthly chart, and don't forget is it just a theory.

[gaston castano]

I don't think you can determine it from just one factor, it's true that someone selling a large amount is likely to result in a dump.
but it would be wise if we look at it from other factors as well. Use speculation do not conclude easily.

[Dart18]

Pfft it is one of the best strategy. Yeah, 5 years ago.
I bet it wont work anymore.
Eyes of the people are already opened plus it is an old move by now.

Dont believe much of what the internet tells you. It might be fake news or just someone who has nothing to do with his life.

[bitgolden]

Speculation is always healthy because it makes bitcoin move, we need bitcoin to move to make profits even if we are not whales, however when there are stupid claims with no proof at all it makes no sense.

If someone moved a billion dollars in bitcoin to somewhere else (and I doubt there is anyone who has one billion dollars worth of bitcoin) then we would hear about it, blockchain is literally transparent and if there was a huge move like that we would have seen it. This is bitcoin we are talking about and a billion dollars even if cut to 1000 pieces is still 1 million dollars each, if there was 1000 moves of 1 million dollars all would have been provable in blockchain transactions.

Since, we have nothing like that we can see its obvious that 1 billion being moved somewhere else is a big lie.

[Yamifoud]

It won't surprise me anyway! It has something to think that the market is so volatile nowadays and every transaction we did it absolutely will affect the entire market. Isn't only a price of a certain coin but the of the whole market trends having a change...
Not for sure if whales did this but not actually we have to worried about cause there will be a perfect time crypto and have to believe that the bulls are coming.

[audaciousbeing]

There is no reason to believe that the two events are related. People like to speculate about all kinds of things.

People not only speculate, they will then build an article around it then send it to the crypto world in other to enhance their own bottom line through clicks to their amateur websites while people like Op would go there to read and create a thread about it thereby giving it more viewership at the same time causing more panic which would further drive down the price of cryptos in the market. Its high time people began to try and understand several events will happen and they are unrelated at the same time they don't depend on each other timeline to function.

[Falconer]

You don't have to panic every time you see a whale transaction, the news doesn't make the market price go down, it doesn't even affect the market. If even for example because of hacker news, market manipulation and others. But rest assured bitcoin is still alive.

[Omega Weapon]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

It is very common to try to attribute what it is happening to the market to a single source but that is not accurate, the volume had been weak for weeks and people have been speculating with a decrease in the price for some time, so no one was really surprised by the direction the market took, the only surprise was how fast the price began to go down but it was to be expected as panic took control of the market and many people did not wanted to hold their coins in the case the price crashed as hard as it did a few years ago.

[Slow death]

There are times when I ask myself the following:

which would be better:

we see bitcoin reach $100,000, but not accepted as a worldwide payment method and most governments and banks continue to take a tough stance against bitcoin?

or

we see the price at $7000 but bitcoin is accepted worldwide as a means of payment and all governments and banks accept bitcoin?

people are very focused only on big price increases that don't realize that even $6000 or $7000 or $1000 is still a good price as long as bitcoin is used worldwide as a means of payment.. what is the purpose of having Too many bitcoins if you can't use them in the real world?

[AliMan]

The rise or fall the price of Bitcoin does not depend only on a transaction, but also depends on various factors, mainly due to demand and supply factors. If the whale having 50% BTC of the current Bitcoin supply in her hand then selling it of course that could cause a price collapse, whereas what you mention is just a piece. So it doesn't have any effect on Bitcoin.

Only those whales really contributed with the ongoing fall of crypto price, manipulation has been slowly taking dominance. However we need to wait for these big fishes to create more hypes in the marketplace so we could partake of the journey, and along with the recovery of our profits. We shouldn't take for granted those possible trend that will influence the market price growth and development.

[hahay]

There are times when I ask myself the following:

which would be better:

we see bitcoin reach $100,000, but not accepted as a worldwide payment method and most governments and banks continue to take a tough stance against bitcoin?

or

we see the price at $7000 but bitcoin is accepted worldwide as a means of payment and all governments and banks accept bitcoin?

people are very focused only on big price increases that don't realize that even $6000 or $7000 or $1000 is still a good price as long as bitcoin is used worldwide as a means of payment.. what is the purpose of having Too many bitcoins if you can't use them in the real world?

I strongly agree on this, therefore I don't really expect high value because after all, when crypto still exists or can be used and or has great benefits for transactions in real life then it is something better. But indeed, most of us have a desire for a profit from trading and also investments made, so that when prices fall will be a concern and become a question of themselves what to do next in order to still have the opportunity to make a good profit from the situation that happened.

[el kaka22]

It is just a matter of time to make another big move and that scares me even more. It could totally go up and that would be awesome, there is absolutely no reason for the price to not go up right now however with the same logic it could go down as well, its really a big risk and I am not entirely sure if we should take it.

I am staying away from buying right now but I am holding the ones I have, neither selling nor buying right now. Trades and whales all want to make a profit and when prices stay the same level for too long they are not making money at all, so when they are calm like this not making any movements that only means that they are working on something big next. If they stay too quite for too long that only means we gonna have another huge move like the recent one.