Deception of manipulators or new rise in prices?

[zasad@]

Two well-known bloggers with a large audience are talking about the rise in the price of bitcoin.

https://twitter.com/MMCrypto/status/1490958391048810496
"#BITCOIN IS EXPLODING!! [finally]"

https://twitter.com/TheMoonCarl/status/1490988524920709127
"#Bitcoin to $100,000 this year or I delete my Twitter account..."

According to the laws of the market, most participants lose their money, and I think that market makers will not raise prices now, because many people bought bitcoin in the range of 45-60 thousand dollars.
I think that this is a big deception and a trap, after which the price will be reduced first to the range of 32 thousand and then even lower, for example, by 25 thousand.

[NeuroticFish]

and I think that market makers will not raise prices now, because many people bought bitcoin in the range of 45-60 thousand dollars.

I'm not that much convinced that you're correct since in the last year the trading volumes weren't so great.

While indeed, some could have been buying in around the first months of 2021, afterwards there weren't so many new buyers, especially knowing that certain institutional investors kept buying and stashing all they could. (..and the price still managed to jump to 69k despite the low volumes)

So while I clearly don't agree with those "known bloggers" strategies (I'm not convinced they care much of crypto as long as they get so many followers and probably income off them), I can't really tell that your conclusion is that much correct either, especially with so many good news (about adoption) coming. But maybe I'm wrong... I don't have a crystal ball, so I can't tell anything for sure.

[Husires]

The only victim will be the people who give these magazines credibility.
Frankly, I do not understand people how to invest huge amounts of money, for example, 50 thousand dollars, because of a tweet by Elon Musk or a recommendation in a magazine without doing some studies.

We cannot consider it market manipulation especially if there is a small line at the end of the article like “This is not investment advice.”
Advice is if someone asks others to invest and will ensure that they achieve profits with obtaining that money.

[zasad@]

Frankly, I do not understand people how to invest huge amounts of money, for example, 50 thousand dollars, because of a tweet by Elon Musk or a recommendation in a magazine without doing some studies.

I also had a similar opinion, but now people don’t believe in television, but believe in their favorite bloggers. And if any blogger says To The Moon, then his subscribers invest.
Another point, if there were no manipulators on the market, then the market would be more stable

[Lucius]

I would describe this situation with the words "new year, same old expectations as last year". Anyone who remembers how it ended last year should ask themselves if there is any reason to trust a guy from the social network who is interested in creating as many followers and earning as much as possible through advertising various projects. It is enough for me to see what this character has as a pinned tweet, and everything is clear to me.

[stompix]

According to the laws of the market, most participants lose their money,

What laws are those cause I've never heard of them?
It might be true to gambling where basically from a pot of 100$ some of the participants win only 98 or 95 depending don't the house and that one over and over indeed leads to a minority of winners but in trading? Why would it be a law and how could you even give an argument for it?

Does it mean that to date the majority who have bought bitcoin has lost money? No so sure about this one.

I think that this is a big deception and a trap, after which the price will be reduced first to the range of 32 thousand and then even lower, for example, by 25 thousand.

You're a bit late with this prediction, not saying it's not possible to happen but it would have fitted way better about a week or so ago.

Two well-known bloggers

mean nothing.
Since we have about 1 billion known bloggers, about a trillion influencers and a gazillion insiders, two ...is nothing.

[Fortify]

Two well-known bloggers with a large audience are talking about the rise in the price of bitcoin.

https://twitter.com/MMCrypto/status/1490958391048810496
"#BITCOIN IS EXPLODING!! [finally]"

https://twitter.com/TheMoonCarl/status/1490988524920709127
"#Bitcoin to $100,000 this year or I delete my Twitter account..."

According to the laws of the market, most participants lose their money, and I think that market makers will not raise prices now, because many people bought bitcoin in the range of 45-60 thousand dollars.
I think that this is a big deception and a trap, after which the price will be reduced first to the range of 32 thousand and then even lower, for example, by 25 thousand.

What do you mean "market makers"? You are using terminology that is irrelevant to cryptocurrency. Individuals and companies are free to trade cryptocurrencies through all sorts of mediums - it is not defined by a single platform. The price has natural volatility driven by events, media and whatever fear level might be pervading the market at any particular time. We saw it drop by almost half from the all time high and it has now recovered by half from the recent low. Nobody can dictate what the price level will be, if more bad news came out tomorrow - like the EU banning it, the price will drop again and maybe later recover. All these supposed twitter experts are just static white noise trying to convey an opinion as fact when they are just as clueless as the rest of us.

[kentrolla]

Two well-known bloggers with a large audience are talking about the rise in the price of bitcoin.

https://twitter.com/MMCrypto/status/1490958391048810496
"#BITCOIN IS EXPLODING!! [finally]"

https://twitter.com/TheMoonCarl/status/1490988524920709127
"#Bitcoin to $100,000 this year or I delete my Twitter account..."

According to the laws of the market, most participants lose their money, and I think that market makers will not raise prices now, because many people bought bitcoin in the range of 45-60 thousand dollars.
I think that this is a big deception and a trap, after which the price will be reduced first to the range of 32 thousand and then even lower, for example, by 25 thousand.

We shouldn't be giving importance to these bloggers who just predict things as per the current market situation and they never predict before a bear market or dip, they are not reliable. I don't think bitcoin will drop below $30k anytime sooner as it has already bounced back and approaching $50k mark, had it been a bull trap they price will not remain above $40k for even few days. I think we were going through correction phase and now it's in the upward direction once again. Market maker will raise the price now in order for them to take profit our of existing invetsment they have made when bitcoin was above $45k

[kawetsriyanto]

To be honest, there is nothing special related to the tweets of those two well-known bloggers. Even Elon Musk can do it, it's the same way to attract people's attention. It is all about prediction or own guess, no guarantee to happen. Even one of the bloggers ensure us to delete his tweet account if his guess is wrong, it means nothing to me. At the end of the day, he can say he is canceling to delete his account because there is an unexpected factor that causes BTC to fail achieving $100k. So, what they tweet is just a common thing like when a developer of a crypto project's promoting their product. CMIIW 

[adaseb]

Most people now are still bearish. Look at the funding rates it’s mostly in the negative territory for a long time. Many are thinking it’s going to dip and head into the $30K area or lower.

The crypto influencers aren’t good traders, they are just good at marketing. So they will say whatever needs to be said as long as they have an audience. They are usually bearish at the bottom and bullish at the top pretty much.

[Kemarit]

Partially you might have a point, we can go back to the $100,000 prediction last year as a good example. As early as 2021 everyone is shouting for that 6 digit price at the end of the year. And then manipulators riding on one popularity of a prediction model, many bought the hype specially when he hit $69,000 November and $100,000 is on the site. But we all know that price goes down hard, manipulators starting to scoop cheap bitcoin again, and then push the same narrative this year for a 6 digit run.

[Fundamentals Of]

What particular laws of the market do you mean? The Bitcoin market doesn't seem to be following any law aside from the law of uncertainty.

Anybody who makes calls as to Bitcoin exploding or hitting $100,000 soon are not to be taken seriously regardless of how famous they are. They're just like us, making guesses as to what would happen next to Bitcoin's price. Popular Bitcoin supporters have been making speculations all the time. Sometimes they are right, sometimes they are wrong. Which means they are not accurate.

[zasad@]

According to the laws of the market, most participants lose their money,

What laws are those cause I've never heard of them?
It might be true to gambling where basically from a pot of 100$ some of the participants win only 98 or 95 depending don't the house and that one over and over indeed leads to a minority of winners but in trading? Why would it be a law and how could you even give an argument for it?

Does it mean that to date the majority who have bought bitcoin has lost money? No so sure about this one.

I think that this is a big deception and a trap, after which the price will be reduced first to the range of 32 thousand and then even lower, for example, by 25 thousand.

You're a bit late with this prediction, not saying it's not possible to happen but it would have fitted way better about a week or so ago.

Two well-known bloggers

mean nothing.
Since we have about 1 billion known bloggers, about a trillion influencers and a gazillion insiders, two ...is nothing.

Have you read books by authors like Edwin Lefevre "Memoirs of a Stock Operator" or Larry Williams "Long-Term Secrets to Short-Term Trading"? There are a lot of stories about millionaires who went bankrupt on the stock exchange and that most traders lose their money.

If you know crypto bloggers with a similar number of followers on twitter (768K and 981K), then let me know about it. Just not Elon Musk

[stompix]

Have you read books by authors like Edwin Lefevre "Memoirs of a Stock Operator" or Larry Williams "Long-Term Secrets to Short-Term Trading"? There are a lot of stories about millionaires who went bankrupt on the stock exchange and that most traders lose their money.

A lot of stories don't mean anything when claiming the majority.
Second, we're talking about crypto here not the stock market, it has one huge advantage of continuous exponential growth which can't be even compared to the stock market for the last decade. This means an enormous amount of money influx compared to this, more money more profits.

Let's assume Amazon would have gained 3million x and even PG&E and Kodak would still have earned a profit of 1000x like some shitcoins and even completely failures have done. Would still that laws apply?

If you know crypto bloggers with a similar number of followers on twitter (768K and 981K), then let me know about it. Just not Elon Musk

Since when do followers mean accuracy or even knowledge? Poeple who shout all day moon, lasers eyes, cat pics will always have more followers than people who actually say important things.

Those two poeple I've never heard of have 1.7 million followers, Larry Ellison who founded Oracle and has a net worth of 60b has 113k.
Now, who would you look at for business advice?

Just a simple crypto search on twitter:
@TheCryptoLark 886.1K Followers
@JRNYcrypto 787.8K Followers
@yumcrypto 1M Followers
@CryptoWendyO 254.1K Followers
@Bitboy_Crypto 807.8K Followers
@Crypto Caniff  2.5M Followers

Relevance? Zero!

Edit:
I went to a bounty topic, found a spreadsheet, guess what, thousands of followers:
https://docs.google.com/spreadsheets/d/1P6gUZ0J-8_tpHuhVal1OUWnZL0PFEgqFW6e14y1OkVM/edit#gid=2123258262
A guy with zero merits and 60k followers...

[zasad@]

Have you read books by authors like Edwin Lefevre "Memoirs of a Stock Operator" or Larry Williams "Long-Term Secrets to Short-Term Trading"? There are a lot of stories about millionaires who went bankrupt on the stock exchange and that most traders lose their money.

A lot of stories don't mean anything when claiming the majority.
Second, we're talking about crypto here not the stock market, it has one huge advantage of continuous exponential growth which can't be even compared to the stock market for the last decade. This means an enormous amount of money influx compared to this, more money more profits.

Let's assume Amazon would have gained 3million x and even PG&E and Kodak would still have earned a profit of 1000x like some shitcoins and even completely failures have done. Would still that laws apply?

If you know crypto bloggers with a similar number of followers on twitter (768K and 981K), then let me know about it. Just not Elon Musk

Since when do followers mean accuracy or even knowledge? Poeple who shout all day moon, lasers eyes, cat pics will always have more followers than people who actually say important things.

Those two poeple I've never heard of have 1.7 million followers, Larry Ellison who founded Oracle and has a net worth of 60b has 113k.
Now, who would you look at for business advice?

Just a simple crypto search on twitter:
@TheCryptoLark 886.1K Followers
@JRNYcrypto 787.8K Followers
@yumcrypto 1M Followers
@CryptoWendyO 254.1K Followers
@Bitboy_Crypto 807.8K Followers
@Crypto Caniff  2.5M Followers

Relevance? Zero!

Edit:
I went to a bounty topic, found a spreadsheet, guess what, thousands of followers:
https://docs.google.com/spreadsheets/d/1P6gUZ0J-8_tpHuhVal1OUWnZL0PFEgqFW6e14y1OkVM/edit#gid=2123258262
A guy with zero merits and 60k followers...

For me, right now there is no difference between the cryptocurrency and stock markets, because fear and greed are everywhere. If most people make a profit in these markets, then where does the money come from?
Money is constantly distributed in the market among the players, and I believe that trading on the stock exchange is similar to a game with a negative mathematical expectation.
Today, large funds invest in cryptocurrencies, but in the hype of 2017, this market did not have this. This ended up with most people losing their money and some of my holdings lost 99% of their cost.
And I think history will repeat itself.

On the Russian Internet, these bloggers are often quoted, but you have not heard anything about them.
Thanks for the list, I'll see what other people have to say.

[Gozie51]

What particular laws of the market do you mean? The Bitcoin market doesn't seem to be following any law aside from the law of uncertainty.

Anybody who makes calls as to Bitcoin exploding or hitting $100,000 soon are not to be taken seriously regardless of how famous they are. They're just like us, making guesses as to what would happen next to Bitcoin's price. Popular Bitcoin supporters have been making speculations all the time. Sometimes they are right, sometimes they are wrong. Which means they are not accurate.

We are all dealing with speculation about the price and nobody can give accurate price movement except with little possible news giving insight on likely direction of the market with the news. However currently the price can increase because of regulation news from Russia. Russia is a big nation and if they are announcing to propose a direction to regulate bitcoin , it can lead a bull to resume anytime soon. These are all speculation.

[zasad@]

What do you mean "market makers"? You are using terminology that is irrelevant to cryptocurrency. Individuals and companies are free to trade cryptocurrencies through all sorts of mediums - it is not defined by a single platform. The price has natural volatility driven by events, media and whatever fear level might be pervading the market at any particular time. We saw it drop by almost half from the all time high and it has now recovered by half from the recent low. Nobody can dictate what the price level will be, if more bad news came out tomorrow - like the EU banning it, the price will drop again and maybe later recover. All these supposed twitter experts are just static white noise trying to convey an opinion as fact when they are just as clueless as the rest of us.

market makers are people who manipulate the price of cryptocurrencies for profit.
A striking example
https://twitter.com/sbf_alameda
A good example of manipulation is Solana, when the funds bought back most of the coins, and then raised the price to the moon.

[adaseb]

Sam Friedman is not a market manipulator, I don’t know why so many people dislike him. He is the most down to earth guy out there. The guy is worth $20Billion, drives around in a Toyota Corolla and actually replies to some comments sent to his Twitter.

The Bitboy guy and all the rest are popular because they have been around for years. People follow them because they “seem” to know what they are talking about and they think they will make money. However they aren’t traders and if they are, they aren’t good traders. The Bitboy guy was calling for $15K Bitcoin when we were at $33K. Basically bearish at the bottom.

[Lanatsa]

Frankly, I do not understand people how to invest huge amounts of money, for example, 50 thousand dollars, because of a tweet by Elon Musk or a recommendation in a magazine without doing some studies.

I also had a similar opinion, but now people don’t believe in television, but believe in their favorite bloggers. And if any blogger says To The Moon, then his subscribers invest.
Another point, if there were no manipulators on the market, then the market would be more stable

We don't like for it to be stable either since we know that this is the only thing on where we do depend on making profits and also manipulators had been long time existing even on past markets
aside from crypto which there would be those elites/institutions/groups who would really be taking advantage from the herd since they are financially capable
then they would really be doing that normally for the sake of profits which it isn't surprising.

[GreatArkansas]

I remember back to the year 2017-2018 when the hype was almost the same when we topped around $69,000. Most of the content creators are like this, their thumbnails/titles on their youtube videos are insane and if you are a newbie who is a fan of watching youtube videos, then you could fall into their hype and deceive.

So, this could be a lesson for everyone especially those newbies, it's like a top signal, lol.