CryptopreneurBrainboss
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eXch.cx - Automatic crypto Swap Exchange.
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June 22, 2021, 07:24:00 AM |
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Having that said, they've done a mistake that they shouldn't really rely on their decisions on any person even if it's an influential guy.
There's this common say that everybody is a good trader during the bullish market and that's the worst time for you to think you're good at trading. Same goes for the so called experts, the bullish market make them all look good and that's why there's usually an increase in their numbers during that period. We have quite genuine youtubers out there that you can visit their channel to get information and updates concerning the cryptomarket but majority aren't genuine and that's why newbies are advice to absent from been a follower. Same could be said about the influencer, I see no reason why anyone will adhere to the advice given from some random individual online on how he/she should invest their money. That's a decision they should make for themselves and not look for shortcut or end up getting rekted at the end
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RapTarX
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June 22, 2021, 07:33:54 AM |
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Manipulation happens both in cryptocurrency and the stock market. If you look closely and analyze the causation behind the stock pump, you would probably end up getting the same conclusion; manipulation. However, they are barely visible because they are executed following some techniques which look natural. Cryptocurrency is certainly manipulated but the volatility is high for so many other factors. Since it's a global market where no time is fixed unlike the stock market, a piece of simple news can influence the market significantly. In stock, since there are off/on periods, news in the off-time can't affect huge most of the time while in crypto, the news can take effect regardless of time. That's the main reason behind the huge volatility. Apart from that, a piece of news can affect the market a few times because of the European, American, Asian trading time difference while in stock, news can affect in a single time. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Elon Musk didn't manipulate the bank balance, instead, he used his influential power. Nevertheless, if anyone is found manipulating the market whether it is the stock market or crypto market, they are supposed to be punished according to the laws in that particular area. BTW, it's not only crypto market which one can manipulate, anyone with enough fund can manipulate the stock market too.
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Ararbermas
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June 22, 2021, 09:10:10 AM |
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Greeting BT Users,
As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.
Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC?
Like what's others saying crypto currency is about how people react and i agree with that. And honestly ever since before i don't see any events or news around the internet that didn't make an impact in the market, because it always make holder to panic selling wherein knowing it can cause loses and knowing as well it just a temporary situation and they all had a chance to recover if they will stay hodl. But sad to say it seems nothing when everytime there's a bad news that's why the crypto market always experience such reactions.
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ven7net
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June 22, 2021, 10:09:19 AM |
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Greeting BT Users,
As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.
Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC?
I believe that an important reason for this process is that the price of Bitcoin cannot constantly grow and in order to continue its growth, the price of BTC falls. Yes, yes, big players artificially omit it. Moreover, such a strategy allows large players to regulate the price of Bitcoin as well as earn good money. As for 2021 and the fall in the price of BTC that we are now seeing. Probably in 2021 there will be a double increase in the price of BTC and the first phase of growth has already passed. Next, we are waiting for the formation of a bottom, this fall is a small flat and again growth, which is expected at the end of 2021
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aysg76
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June 22, 2021, 10:17:37 AM |
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Greeting BT Users,
As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.
Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC?
Not an expert here to give you detailed information how the market works.But did you invest when prices were at $400 and sell at say even $50k? The main manipulation is done by the whales who tries to create any FUD in the market and makes dump situation in the market to buy at dips.There main target are panic sellers and new traders in the market as they say "weak hands sold to strong ones".They cash out the profits by selling at peak and then accumulate more btc at less prices.The same case is with renowned influencer like Musk who took undue advantage of their position and try to move the market to their profits or say on anti-crypto bodies follow up just to dump a coin.The main reason is lack of awareness, greed,less patience among investors who listens to them and then suffer loss creating market crash and big players make profits out of their pockets.This is how this all is working.
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danherbias07
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Leading Crypto Sports Betting & Casino Platform
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June 22, 2021, 10:23:03 AM |
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Group of whales, traders and small investors, all of this affects the market of Bitcoin. That is not easy to predict because all of them have their own calendar time to when they will dump it. When a small price drop happens, a panic could make it worse. When there's panic, a sudden domino effect could bring it down. What Elon Musk did was a good example. He made a big ruckus about dumping all his Bitcoin but this doesn't mean it is just him who will do the same thing. Different kind of investors and traders could sway at the same direction to take a small profit but there will be no record of when or how.
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ethereumhunter
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June 22, 2021, 11:19:53 AM |
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New people who join in bitcoin in 2017-2018 do not research for more to know if bitcoin can still increase and break the next higher price or it will go down and make a correction for some time. They just follow what people say and not think that it will go down for a moment or long-term if the price surge to the very highest price. If they do not think much about that, they will lose their money and we already saw many people complain that after bitcoin falls to the lowest price for more than 2 years.
The pump and dump will still come at the market and no one can predict when that will come. We need to remember that after the price is at a lower or bottom price, the price will start to increase, sometimes it will break the new ATH, and after that, the price will adjust and make a correction or drop or fall into the deep. If you can prepare for anything that can happen with the market, you will not panic.
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davis196
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June 22, 2021, 11:43:42 AM |
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Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC? The fact that the cryptocurrency market can be manipulated by a bunch of rich people doesn't make it "untrustable". Rich people are manipulating the stock markets all the time. Does that make the stock market "untrustable"? The Bitcoin price explosion of the last few years can be easily explained with supply and demand. Limited supply and growing demand are causing price growth and sometimes create price bubbles.
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feelideb
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fLibero.financial
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June 22, 2021, 12:39:15 PM |
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Bitcoin is not a pump and dump like you said it is! You need to understand that bitcoin is superior digital asset and it's value is beyond what market place on it at any given time! The reason bitcoin is priced differently at different times is because of speculators and traders! Bitcoin should stabilize as adoption grows and acceptability is embraced. worldwide!
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livingfree
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June 22, 2021, 01:11:37 PM |
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Having that said, they've done a mistake that they shouldn't really rely on their decisions on any person even if it's an influential guy.
There's this common say that everybody is a good trader during the bullish market and that's the worst time for you to think you're good at trading. Same goes for the so called experts, the bullish market make them all look good and that's why there's usually an increase in their numbers during that period. We have quite genuine youtubers out there that you can visit their channel to get information and updates concerning the cryptomarket but majority aren't genuine and that's why newbies are advice to absent from been a follower. Same could be said about the influencer, I see no reason why anyone will adhere to the advice given from some random individual online on how he/she should invest their money. That's a decision they should make for themselves and not look for shortcut or end up getting rekted at the end I've been a fan of watching Youtubers that are sharing their opinion about the market and its sentiments. But lately, I've become busy and I think it's been a long time since I've watched one. But I also read that there were some of these Youtubers that are not genuinely sharing their thoughts based on what they think but more of them are now shilling projects that paid them.
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SirLancelot
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June 22, 2021, 06:29:40 PM |
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I guess maybe people listen to Elon Musk too much? But seriously, people never learn, and I know for sure that no matter how much keep saying this, there are still a lot of people who will never learn and they will keep repeating the same thing over and over again. The third reply to this post with the image by SquirrelJulietGarden explains everything very well.
And one thing I have always noticed every time price is going up is that people always predict that the market will go further, which never happens. Around that 2017 and 2018 pump, when the price was approaching $20,000, I was seeing a lot of people predicting that it will cross $20,000 and reach $50,000 and some were going as far as to say it will reach $100,000.
It is no surprise to me that this very day, that some people were repeating that same thing they did then again this time around by making predictions that the price will reach $100,000 when it got to $60,000. And some of them were even predicting more than that before the year runs out. But now look at where we are. So people keep repeating the same thing, that’s why you have to be very careful and invest wisely. Don’t go with the crowd, calm down and do your research.
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2double0
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June 22, 2021, 07:07:14 PM |
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Very well said.
Those newbies that have bought their preferred cryptocurrencies are now relying on the market through the media and the influential person that they're following.
Having that said, they've done a mistake that they shouldn't really rely on their decisions on any person even if it's an influential guy.
Elon Musk was one of the biggest examples why so many investors suffered huge losses and still suffering due to him. He was just one reason for the beginning of dumps, then China played its game and made the hashrate of btc mining to drop significantly. I think this is not influence only, but a matter of choice that we want to follow these guys or not.
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Luqman
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June 22, 2021, 11:27:03 PM |
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Commonly, the big good news and also Bitcoin halving become the reasons why BTC price pumps so significantly, and then in the bullish season, altcoins will be also following. ANd, if there are many more big FUD spreading by very influencing people or institutions or countries, the price of Bitcoin will drop very easily, like what happens right now. FUD from many sources are here surrounding, moreover tweets from Elon that make the crypto market worse. And if the FUD is still higher than the good news, the market may be not good again. And if the BTC price decreased, of course, altcoins also will.
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unusualfacts30
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June 23, 2021, 06:13:08 AM |
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There is no logic in manipulation it's mostly people with influence trying to fill their bags and they often use their influence. Always do your own research so manipulation have little effect on you and educate others who might get influenced by market manipulators. After reaching 60k btc is not going to get to its previous 5-8k price range before bull run started, there aren't many buyers above 50k price range so price have to be corrected. This has nothing to do with manipulation, it's just supply and demand at work.
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leea-1334
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June 23, 2021, 09:27:35 AM |
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Group of whales, traders and small investors, all of this affects the market of Bitcoin. That is not easy to predict because all of them have their own calendar time to when they will dump it. When a small price drop happens, a panic could make it worse. When there's panic, a sudden domino effect could bring it down. What Elon Musk did was a good example. He made a big ruckus about dumping all his Bitcoin but this doesn't mean it is just him who will do the same thing. Different kind of investors and traders could sway at the same direction to take a small profit but there will be no record of when or how.
They were saying I remember at the end of last year that retail was dead and could not move the markets anymore thanks to institutions but they probably forgot about the power of the collective. Elon brought in for example so many new crypto buyers and so did Gamestop,,, those tsunami of retail already reminded the market they can still move prices drastically!
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iv4n
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June 23, 2021, 09:49:50 AM |
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Greeting BT Users,
As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.
Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC?
Just a short reminder... in the years behind these dates we had Bitcoin halvings! The miner's rewards were halved, which affects supply! And miners still need to pay bills, but with halved rewards, they need higher prices to be profitable! This is the free market, so all participants are free to choose their actions! We have many traders, holders, short/long term investors... small or big ones (fishes and whales, if you like that analogy), and with our actions, we create a supply/demand ratio! When something big is going on with either of these two there will be some big impact on the price!
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CoinFoxs
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June 23, 2021, 12:18:57 PM |
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Greeting BT Users,
As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.
Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC?
The rule is simple even in stock market , there are a group of traders or investors who have very high amount invested in the market. They are playing with the prices by investing in a specific coin, when they start investing the price start increasing and other small traders start investing their amounts to get profit when the price reaches at the desire price of manipulator they start selling their coins at profit and due to the selling of many coins at once result in the price dump.
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livingfree
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June 23, 2021, 06:27:03 PM |
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Very well said.
Those newbies that have bought their preferred cryptocurrencies are now relying on the market through the media and the influential person that they're following.
Having that said, they've done a mistake that they shouldn't really rely on their decisions on any person even if it's an influential guy.
Elon Musk was one of the biggest examples why so many investors suffered huge losses and still suffering due to him. He was just one reason for the beginning of dumps, then China played its game and made the hashrate of btc mining to drop significantly. I think this is not influence only, but a matter of choice that we want to follow these guys or not. It's not actually his fault but those people who have followed him and dependent on him. It should be known that everyone shouldn't really be dependent on him or any other influencer because we're all going to end up broke if we do it again. We have to learn from those mistakes.
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Shenzou
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June 23, 2021, 07:26:42 PM |
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Greeting BT Users,
As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.
Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC?
You really don't need an expert to tell you what really happened, you have big investors like Elon Musk and his companies investing billions of dollars into bitcoin, and that created so much hype and excitement in the community that made so many people invest more and that drove then price up, and than he suddenly drops out because of environmental problems caused by mining, and china actually taking serious measures against bitcoin miners and the panic that all of that caused so many people to sell that drove the price down.
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apityeh71
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June 24, 2021, 10:48:17 AM |
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Whales and institutional investors is the main factor that make the price in high fluctuacion. Without them, the market with sideaway in long time without any high fluctuacion. Usually before pump the market, whales will doing first accumulation that difficult to detect it. After they did accumulation, and then ready to pump. They did it to make profit and to shake the market to trigger others investor come in to market.
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