BIGGEST DROP without a clear reason for it --> MARKET MANIPULATION - page 2.

blockman

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Quote from: FR1DGE on November 14, 2018, 09:54:42 PM

The only reason I would be scared about buying BTC is that it smashed through the $6000 resistance so it could drop a lot lower

All of the time bitcoin is volatile and it can hit lower than your expectation. Buy only if you think that you are ready to do so but if not then you should stay away and don't do any unnecessary moves that you will regret later.
Yes, it could drop a lot lower and that's not a surprise if that happens, you also know that it could rise a lot higher than what we are expecting so that's basically a normal understanding.

icohunter1024

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Although the market has witnessed a terrible sale, Bitcoin has grown in terms of market share. According to CoinMarketCap, Bitcoin's dominance index has risen to 54% while early today it accounted for only 51%. It looks like this is a chance to buy into the bitcoin of many people.

FR1DGE

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The only reason I would be scared about buying BTC is that it smashed through the $6000 resistance so it could drop a lot lower

skylar

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For me this market are just so sensitive with anything related to it. I believe that biggest drop, biggest pump & price manipulation will always exist in this field. i dont know what causing this big drop at this moment but since it is all are decentralized & so volatiles something like this are just like common thing for me. to be honest I dont really like it but Just how many times we will face thing like this?

moonblocks

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Market crashes can happen for various reasons not just price manipulation and if there was sudden manipulation by a large group of holders there would be evidence of it visible somewhere e.g. large transactions from big wallets or major dumping on a select few exchanges

A sell off this big is a bit suspicious but could be attributed to an under performing market not just collusion of some kind

coinluisa

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Yeah iys a big drop as we can see the market bitcoin price is 5700 price and no one of us know the reason why is this happening. Hopefully this is the last drop because if there's another one I think it will not a great year for us to make a good profit.

JeffBrad12

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Quote from: Biscutard on November 14, 2018, 05:42:14 PM

Quote from: ChiNgadOr on November 14, 2018, 12:34:28 PM

Market has been sinking for a long time... although the news comming are mostly good.. and today a drop fo 12% of marketcap without a clear reason?¿?
i only can think about : market manipulation!

BTC is supposed to be decentralized.. but i heard some time ago, this just the other way arround.. 2or 3 big mining groups have a 90% of the supply...

what do you think?

dont take a look now at

www.coinmarketcap.com unless you have a healthy hearth.......

It's most likely that it is a market manipulation because everyone seems to start dumping all of their bitcoin or is it really the whales that's doing it? But as we can see in the marketcap it is drastically falling and after the break of almost $5300 it goes up and stop at $5500 range. This could be the result of the FUD if we do have one.

FUD has come from china because there are some miners are reallocating their miner hash power to the bitcoin cash that makes bitcoin will be more easier to be mined by miners. This was decreasing the price of bitcoin. Remember that gives a lot of impact to another crypto at the same time because bitcoin can be considered as the main pegged crypto to the altcoins.

Biscutard

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Quote from: ChiNgadOr on November 14, 2018, 12:34:28 PM

Market has been sinking for a long time... although the news comming are mostly good.. and today a drop fo 12% of marketcap without a clear reason?¿?
i only can think about : market manipulation!

BTC is supposed to be decentralized.. but i heard some time ago, this just the other way arround.. 2or 3 big mining groups have a 90% of the supply...

what do you think?

dont take a look now at

www.coinmarketcap.com unless you have a healthy hearth.......

It's most likely that it is a market manipulation because everyone seems to start dumping all of their bitcoin or is it really the whales that's doing it? But as we can see in the marketcap it is drastically falling and after the break of almost $5300 it goes up and stop at $5500 range. This could be the result of the FUD if we do have one.

DroidR17A

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I don't think it's marketing manipulation, more likely due to the Security and Exchange Commission labeling tokens as securities causing panic selling, in no small part due to the Ether-Delta settlement.

frchowe214

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Hopefully this is the last dump before the bull run begins. Market manipulators trying to trigger a mini bear market so they can stock up for the massive pump that is just around the corner.

blockman

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You suggested not to take a look at CMC but you just gave the link. Grin

That's right and big mining companies has the control with the hashes though it shocked me to see the prices. I'm pretty stable and sure that the market will be up again and they'll be pumping bitcoin. This is what they usually do, they dump the prices so they can have the best time to re-entry for pumping the market.

johanesrobin

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It's a dirty game, I see a lot of people starting to get greedy and they play a bad market strategy. I have predicted that BTTC will fall 5K $ and this is what they want.
prepare yourself

Hamphser

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Just to think up that manipulation do already exist even on the traditional markets and this cryptospace wont really be an exception.No matter what would be the
reason,if we do tried to hear up some fresh news or fuds specially on Craig tweet. Instead on panicking i would rather see this as an opportunity to buy cheaper bitcoins.
This is a shakeoff but recovery would really be seen soon.

flysats

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No doubt tomorrow we will see thousands of the reasons why BTC were dumped Grin

But I'm sure without mass intervention it can't happen. Clear manipulation no doubt. We can say about correction, Elliott waves or something else. But it's simple big manipulation

go4crypto

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Yes, this whole market correction may be mostly due to manipulation by whales and other big players. Hard to know such moves in advance so other than buying the dip and holding tight not much one can do.

Vispilio

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Today's massive collapse is exacerbated by Binance technical problems no doubt. Orders are not going in, and trades are reflected in a delayed

fashion, they made a total mess of their "scheduled upgrade"; another amateurish execution by Binance...

Tr0p1k

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Couple weeks ago i told everyone to sell because there will be a huge dump by holders of btc, eth, xrp, eos.

This is only the begin this dump can go untill btc hits $5000.

Cryptotraders and holders have no cash money anymore they taked huge losses and some guys cashed out begin of the year this guys will return if btc goes to $5000.

$700billion dollar money of cryptotraders are stolen by a maybe a couple thousand developers.

Developed a coin dumped there bags traded for btc and cashed out for real money.

This guys are now driving lambo's and supporters of there coins are holding there coins.

AgentZero23

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It's to early to speculate that this is a manipulation in the market and I'm also puzzled with a massive drop of prices. I've read an article about some miners are now having a second thought and quitting in mining eth as it's not anymore profitable. If this indeed true I think this will have an impact to what is happening to the market today.

rodalutor

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Just because the reason for the drop isn't known. Does not mean that there isn't one. I think it's another attempt at keeping the market bearish, people have been getting too bullish and the bears had to remind them of their presence. It could also be linked to the bitcoin cash fork and the hash wars impending with that.

CodyAlfaridzi

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Quote from: ChiNgadOr on November 14, 2018, 12:34:28 PM

Market has been sinking for a long time... although the news comming are mostly good.. and today a drop fo 12% of marketcap without a clear reason?¿?
i only can think about : market manipulation!

I think you're jumping too early to a conclusion. This might a thinking fallacy (ignorance fallacy). If you don't know, doesn't mean the answer is the only thing that you can think about. Maybe they know what you don't know Cheesy

Quote from: ChiNgadOr on November 14, 2018, 12:34:28 PM

BTC is supposed to be decentralized.. but i heard some time ago, this just the other way arround.. 2or 3 big mining groups have a 90% of the supply...

Obviously, there is no 2 or 3 party that control the 90% supply of Bitcoin. Did you mean 90% of the hashrate? That's not true. Even the cumulative top 5 total hashrate "only" accounts for 60% of the hashrate.

I agree with the poster above, regardless what caused this drop, right now is a very good time to buy nevertheless. I've been expecting Bitcoin to drop below $6K since a few months ago (read my post history), thought it would never happen in 2018 considering how stable Bitcoin these days but it finally broke. I will definitely buy more of these cheap coins once I got some money in my hands.

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