What the heck happened to the prices?

[weidex]

I came a cross this video https://www.youtube.com/watch?v=9LhK5kQqON4&t=872s giving a suggestion why the prices dropped.

"Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. "

Maybe if the prices recover soon (as we already see green markets), this will turn out right.

[ansi]

Don't try to focus on these conspiracy theories, focus more on your money management so you don't get eaten by those sharks (we call them whales in crypto).
If you're a trader just make sure every trade you start is made with a simple Take Profit & Stop Loss.

Crypto market is volatile & this is the only you way you can survive it, your strict money management, don't focus on bulshits of crypto conspiracy theories & bla bla bla. Those whales are here to make money just like you, the difference is that they know who to do it & it's time for your to learn that, there is no mercy in here whether you're a winner or a loser, nothing in between.

[Bttzed03]

^This.


Everytime the market dumps, it's manipulation.
Everytime the market pumps, it's manipukation.

Don't stress yourself trying to figure out what happened because you will never know unless you are the person who sold or bought at a huge quantity,

[Red-Apple]

Maybe if the prices recover soon (as we already see green markets), this will turn out right.

since this is the altcoin board, i don't see any price recovery in the near future of altcoin market. you asked what the heck happened to prices, the answer is nothing new. unlike bitcoin, altcoins have been going down for nearly 2 years now. when bitcoin stopped dropping this year and reversed up from $3100 altcoins have still been dumping and still do. that trend has not yet ended.

[lobat999]

Don't worry, its all about market sentiment and daily prices are irrelevant and only tentative! Since I assumed you've also witnessed Bitcoin price plunge to $3k plus on the last quarter of 2018 which I guess may have also shocked you but I think you will begin getting used to it that you wont entertain any conspiracy theories in thoughts anymore but I must admit, your hint maybe possible also.

[gunhell16]

Prices are getting better now and everyone is affected.
The fall of bitcoin will influence all prices to go down with USD value. that is normal.
Now it is getting better and everyone follows.

Manipulation is very popular in the market and it always happens/.

[Eugenar]

Don't try to focus on these conspiracy theories, focus more on your money management so you don't get eaten by those sharks (we call them whales in crypto).
If you're a trader just make sure every trade you start is made with a simple Take Profit & Stop Loss.

Crypto market is volatile & this is the only you way you can survive it, your strict money management, don't focus on bulshits of crypto conspiracy theories & bla bla bla. Those whales are here to make money just like you, the difference is that they know who to do it & it's time for your to learn that, there is no mercy in here whether you're a winner or a loser, nothing in between.

Technically speaking, yes it is correct to focus on your money management but as far as I know, knowing what the future can do, will going to help you allot. I remember after watching video that the creator of this topic posted, a person ask, is a quantum computer will affect how crypto goes? The answer to that question is yes, based on the person talking. But if we will think deeply about it, quantum computers are very fast, it can penetrate/computer transactions better than normal laptops/computer does, basically, it has a huge effect on us. The point is, looking forward to the future is a great factor to consider.

[DaMut]

Don't worry, its all about market sentiment and daily prices are irrelevant and only tentative! Since I assumed you've also witnessed Bitcoin price plunge to $3k plus on the last quarter of 2018 which I guess may have also shocked you but I think you will begin getting used to it that you wont entertain any conspiracy theories in thoughts anymore but I must admit, your hint maybe possible also.

I do not think it is a simple conspiracy since Bitmex used to be like that, using the momentum to gain the profit. it is not market sentiment instead it is market manipulation. Many people had reported it, I will never forget the time when Okecoin dumps their Litecoin by a large margin a while ago without any reason, just like today.
There are some big orders came out and pressuring the price, at the same time the orders are gone leaving the small order resisting the pressure.
you can even read this news here
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html

[kentrolla]

Well this is not for the first time we are experiencing this issue, it seems big whales are triggering investors to panic sell. We are already aware that crypto is volatile and anything can happen, holding is the only way to bear from loss. Wait till the end of this year to see some serious pump if you want to make some profit.

[bellicose]

Has google affected crypto rprice drops? Mechanically? Are you seriously? Why is such a large company engaged in such frankly nonsense? Moreover, they themselves plan to create their own cryptocurrency, but at the moment they have no financial problems.

[lobat999]

Don't worry, its all about market sentiment and daily prices are irrelevant and only tentative! Since I assumed you've also witnessed Bitcoin price plunge to $3k plus on the last quarter of 2018 which I guess may have also shocked you but I think you will begin getting used to it that you wont entertain any conspiracy theories in thoughts anymore but I must admit, your hint maybe possible also.

I do not think it is a simple conspiracy since Bitmex used to be like that, using the momentum to gain the profit. it is not market sentiment instead it is market manipulation. Many people had reported it, I will never forget the time when Okecoin dumps their Litecoin by a large margin a while ago without any reason, just like today.
There are some big orders came out and pressuring the price, at the same time the orders are gone leaving the small order resisting the pressure.
you can even read this news here
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html

It could be true but maybe we are witnessing a very big whale who opt to liquidate his/her position and not the exchange. Maybe there could be some truth behind it but nevertheless would be difficult to prove. I guess this events already happened before and we know that when whales moves, it could send big ripples to crypto markets accordingly.

[fudster]

That OP is related to the weidex project, its a decentralized exchange I'm sure he knows what he is saying here.

The video posted is from Cedric Dahl which I happen to be a subscriber. I like this guy, he explains well and very truthful and answers questions with reality in mind.  Can't find where he explains what happen that causes the prices to drop.

[weidex]

That OP is related to the weidex project, its a decentralized exchange I'm sure he knows what he is saying here.

The video posted is from Cedric Dahl which I happen to be a subscriber. I like this guy, he explains well and very truthful and answers questions with reality in mind.  Can't find where he explains what happen that causes the prices to drop.

7:30 min

[lobat999]

That OP is related to the weidex project, its a decentralized exchange I'm sure he knows what he is saying here.

The video posted is from Cedric Dahl which I happen to be a subscriber. I like this guy, he explains well and very truthful and answers questions with reality in mind.  Can't find where he explains what happen that causes the prices to drop.

Did watch the video and Cedric Dahl did said those things as what OP has stated but I guess everybody is entitled to his or her opinion. Right? So I'm just not sure if that 1.2 billion dollars that moved on to exchanges prior to the drop is a result of manipulation but I guess it is rather a strategic move on whoever has that financial capacity to move markets.

[#Darren]

Bakkt exchange was not successful. It is the only logical reason why the price has fallen and the whole market lost in capitalisation. However, I gave up on looking for logic in crypto, because it could also be another anonymous whale, that wanted to buy another house.

[Febo]

What the heck happened to the prices?

Price of Bitcoin was to high. It was growing from March to June. Full 5 months. And with quite big gains. Now last 3 months we saw a slight decline of Bitcoin price. From now on that can continue or can slightly grow. On average price should be stable. We will definitely not see any huge drops like it happened in December last year.

[bhabygrim]

^This.


Everytime the market dumps, it's manipulation.
Everytime the market pumps, it's manipukation.

Don't stress yourself trying to figure out what happened because you will never know unless you are the person who sold or bought at a huge quantity,

It is true every time a price drop happens we would hear some says it is manipulation ,
They are stressing their own in this kind of stuff why don't they just focus on their portfolio or how to gain back what they loss.
Most of those people who cries manipulation are the one's who doesn't have some plan or cut loss so they lose so much because of this sudden drop,
But if they are aiming for the long term then they shouldn't really be bothered about this dump because surely the price would go back again as we have seen this before.

[passwordnow]

How many times are we going to treat these unusual transfers as something extraordinary? crypto is money involved so expect huge transfers to be there. It can be from someone who wants to dump or wants to convert his bitcoin into another altcoin.
The manipulation thingy has been known since years ago and we're still thinking that the market isn't manipulated?

[lobat999]

How many times are we going to treat these unusual transfers as something extraordinary? crypto is money involved so expect huge transfers to be there. It can be from someone who wants to dump or wants to convert his bitcoin into another altcoin.
The manipulation thingy has been known since years ago and we're still thinking that the market isn't manipulated?

Correct! I will not even be surprised if we see transactions greater than this in the future since I'm guessing we will be looking at a big time whale or whales who had accumulated Bitcoins in the early days and did solidify his portfolio during the 2017 bull run.

These whale(s) are always looking for entry and exit points in crypto market all the time thus triggering huge sell offs and buy ins that affects crypto prices - a normal occurrence in the market. As I said, I would not call it a manipulation either way. Imho.

[Bonwin]

Price manipulations are done mainly more on big exchanges, where there is so much volume, most especially for the coin in question, "bitcoin".
Bitmex is known to be the main target for that purpose.
However, if you are already caught at the middle of this, there is no need to be disturbed. All you need do is know what you want and work on it.