Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff - page 4.

kapalmabur

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Quote from: Google+ on November 03, 2019, 09:49:04 AM

I think the price of bitcoin at the exchange has nothing to do with Peter Schiff, because I feel he is only one of the people who are predicting the ups and downs of prices and all who do that I feel can be inaccurate and just guessing, bitcoin will never be predictions will have price movements where it depends on demand from the exchange place.

many people have guessed bitcoin and predict the price but many have missed it,
in the telegram there are some BOT about bitcoin transaction information, we can see it there, if there are transactions with a lot of bitcoin we can predict whether the market will decline or not, that I think it's very helpful, I don't know if whales really sells all bitcoin, but we can see transactions so don't worry, we just follow the flow

buwaytress

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Seriously, there's nothing ruthless about shattering these dreams... because if there are Bitcoin people around who don't realise yet how the market is (or naively think the market's all nice and open and free), then they probably need to get dreams shattered.

I personally think guys like Schiff do more for Bitcoin than against -- if it wasn't for the fervour with which people attack Bitcoin so much, others wouldn't want to look into it. You think there aren't people attacking Visa? USD? SWIFT? PayPal?

Anyway, if Bitcoin whales don't sell, where are we gonna get our cheap coins from?

Kambal2000

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Quote from: error08 on November 03, 2019, 08:21:46 AM

Obviously, when bitcoin whales sell-off, bitcoin price will crash, they are the main reason why it happens in the first place.
Even in the regulated crypto market, whales can dump all they've got, no one can forbid whales to sell their assets, it's a free market.
In a small market capitalization, manipulation is inevitable, but it will change as time goes on after more adopters hold bitcoin.

Yes, so we should know what we will be our strategy too when this happens, we should know how to read the market, for most holders and investors, once they have seen that the whalers are selling then they also selling their Bitcoin and converting it to stable coin, they are just buying again once the price of Bitcoin becomes stable and no more drama from those manipulators, if you know how the market works, for sure you will not panic and you will know how to take advantage too.

Google+

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I think the price of bitcoin at the exchange has nothing to do with Peter Schiff, because I feel he is only one of the people who are predicting the ups and downs of prices and all who do that I feel can be inaccurate and just guessing, bitcoin will never be predictions will have price movements where it depends on demand from the exchange place.

fiulpro

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Been 3 days already and I think the amount of Bitcoins being sold is kind of balancing the amount of Bitcoins that are being Brought therefore I think , it will go fine even if they decide to sell a huge amount of Bitcoins , infact I don't think they will do that though since more or so , if they would have done that the market would have crashed already .
Let's just hope it's a hoax .

error08

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Obviously, when bitcoin whales sell-off, bitcoin price will crash, they are the main reason why it happens in the first place.
Even in the regulated crypto market, whales can dump all they've got, no one can forbid whales to sell their assets, it's a free market.
In a small market capitalization, manipulation is inevitable, but it will change as time goes on after more adopters hold bitcoin.

CryptoBry

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Activity: 1008

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Quote from: ecnalubma on October 30, 2019, 12:04:16 PM

Undeniably price manipulation often happens in unregulated crypto markets. Do you agree in this economist statement or do you oppose? Do you believe that recent price surge is cause by manipulation or natural demand?

There is no point in denying the existence of manipulations in the cryptocurrency industry and I think in almost all industries and even in highly regulated environment, there will always be that thing. The main difference is that here in cryptocurrency, these can easily be known and traced.

Now, as a simple guy with only a little Bitcoin under my semi-control, there is nothing I can do to help this problem. And in fact, because I can also benefit a lot of there will be the same manipulation that can result into another rise of Bitcoin, I would not be making any complaint. Let those who are planning to manipulate the market do whatever they wanted to do using their power and influence. In other words, I do not care at all.

SaShiRaJaVu

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Quote from: ecnalubma on October 30, 2019, 12:04:16 PM

Undeniably price manipulation often happens in unregulated crypto markets. Do you agree in this economist statement or do you oppose? Do you believe that recent price surge is cause by manipulation or natural demand?

If the market is not regulated you are bound to expect some players getting attracted to the market and start to manipulate the market, we have seen those in the stock market in the past and if you find market that have no consequences if they manipulate then they will not hold back and they will try their maximum to extract the best profit they can have.

supercanada1

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Quote from: NathanJB on November 02, 2019, 11:02:45 AM

Quote from: carlfebz2 on November 02, 2019, 10:53:03 AM

Quote from: coolcoinz on November 02, 2019, 10:42:55 AM

He said the market is crashing and Bitcoin is going to drop even more. Bitcoin drops and says he's amazed and it's because bitcoin market is manipulated by whales Cheesy

So when the price is falling he's fine with that and the price is not being manipulated but when the price goes up against his prediction it's because of manipulation.
He should read this and think about what he's saying. He's like a kid who can't admit to being wrong. Another Craig Wright.

Nothing surprises me if there were personalities who would just simply pop out and making their own insights and predictions towards bitcoins price.
They do say all the things they do have in mind but without even thinking sensibly if its self contradictory or not or just making themselves like
fools into the community. Manipulation can either happen while pumping or dumping.

Peter Schiff is not just a new personality in terms of this statements. He is not a random person who says his piece on the Bitcoin market. Peter Schiff has earned popularity or attention in the Bitcoin market because of his utter hate of the technology. Because of this, I don't think we need to respond to his statements as if they are worthy or objective. They are mostly hate-inciting statements against Bitcoin.

For a person who is fond of technology and enjoys its innovations, Peter is more or less like any random person because we don't really care about his perceptions. He has this habit of looking at the bad side only. Everything has its own pros and cons. Why can’t he just be a bit more optimist and relief to everyone? Bitcoin has helped people financially, saved them from troubles but here he is, just uttering nonsense.

7788bitcoin

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Quote from: o_e_l_e_o on November 02, 2019, 12:31:36 PM

To be fair, there are more than a few users on this forum who are more than happy with price swings of 10-20% in a day as long as it is upwards, but as soon as there is a similar downwards movement they all start complaining about whales and manipulation. Can't have it both ways.

Everyone likes a good movement in price when it is in the upward direction and during those phase no one will complaint about the whales moving the price higher because everyone accepts the price movement because of investors and when the price starts dropping everyone start crying about whales manipulating the market and we will see these cries in the next decade too Cheesy

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shoreno

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Quote from: tsaroz on October 31, 2019, 01:33:41 AM

I've read his article. It might be true that whales and other investors are cashing out as it's festive time and a the prices are higher for the last 3 months average. But such cashout don't really cause a price crash. There are now huge resistance of long term holders. Many of them are not going to sell anything below 20K.

whales are known to have a large quantity of funds so even if you say that their cash out was only small amounts for occasion use , those amounts that they think small are now already huge for us and its okay if one to two whales are doing it but what if they are alot of them ? not just whales but other types of investors do also sell so if we sum this all , it is really enough reason to cause a big dip in dip in the market .

o_e_l_e_o

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Quote from: coolcoinz on November 02, 2019, 10:42:55 AM

He said the market is crashing and Bitcoin is going to drop even more. Bitcoin drops and says he's amazed and it's because bitcoin market is manipulated by whales

To be fair, there are more than a few users on this forum who are more than happy with price swings of 10-20% in a day as long as it is upwards, but as soon as there is a similar downwards movement they all start complaining about whales and manipulation. Can't have it both ways.

Quote from: darkangel11 on November 02, 2019, 11:52:23 AM

The only thing that will shut Peter up is another bull market.

Unlikely. In fact, I would expect him to become more vocal during a bull run. His entire business depends on convincing people to buy gold. During a big bull run, more people are going to be likely to abandon gold and move to bitcoin, and he'll need to be extra vocal to try to convince people to stay.

Kersh768

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Quote from: ecnalubma on October 30, 2019, 12:04:16 PM

Quote

Peter Schiff ruthlessly shatters the dreams of Bitcoin holders who hope that the top coin will reach new highs, reiterating his point about market manipulations.

Peter Schiff, the CEO of Euro Pacific Capital, is not amused by Bitcoin's latest 40 percent price revival.

The world-famous gold proponent continues to insist that the crypto market is being manipulated by deep-pocketed whales.

In his latest tweet, Schiff states that large Bitcoin holders want to protect themselves from the upcoming market crash by selling their BTC and using delusional holders to cash in.

After numerous pundits tried to wrap their heads around the recent market rally, Schiff took to Twitter to share his own take on Oct. 28. He believes that this Bitcoin turnaround had nothing to do with China and everything to do with whales "suckering in" gullible buyers.

Schiff rose to stardom by accurately foreseeing the financial market crisis in 2008, but Bitcoin price predictions might not be his thing.

As reported by U.Today, he claimed that the BTC price could plunge to as low as $2,000 on Oct. 20, less than a week before Bitcoin recorded its third biggest daily gain in history.

His $4,000 prediction, which was made right after Bitcoin's precipitous plunge to the $8,000 level, also never came to fruition.

Source

Undeniably price manipulation often happens in unregulated crypto markets. Do you agree in this economist statement or do you oppose? Do you believe that recent price surge is cause by manipulation or natural demand?

I think there's a huge possibility that it is right. We've seen bitcoin go to new highs and fall down really hard and if we are going to think it through, as the number whales continue to grow, the value of bitcoin falls down even more. Just like what happened last year, bitcoin had its highest value so far and nobody expected it to go down afterwards but if you would carefully analyze it, the probability is high since the current whales will gain higher profit and there will be new whales after that sudden growth of price.

darkangel11

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The only thing that will shut Peter up is another bull market. He's going to keep screaming that it's a bubble and a ponzi scheme until he loses his voice and his fingers go numb from typing and Bitcoin won't care. It will move forward and break all resistances on the way to another big top and the world will laugh at Peter.
The best way to battle naysayers is to keep proving them wrong over and over. Warren used to be very vocal and the longer Bitcoin lived the less vocal he became. Don't fight them don't discuss, prove them wrong and win with hard facts not arguments.

NathanJB

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Quote from: carlfebz2 on November 02, 2019, 10:53:03 AM

Quote from: coolcoinz on November 02, 2019, 10:42:55 AM

He said the market is crashing and Bitcoin is going to drop even more. Bitcoin drops and says he's amazed and it's because bitcoin market is manipulated by whales Cheesy

So when the price is falling he's fine with that and the price is not being manipulated but when the price goes up against his prediction it's because of manipulation.
He should read this and think about what he's saying. He's like a kid who can't admit to being wrong. Another Craig Wright.

Nothing surprises me if there were personalities who would just simply pop out and making their own insights and predictions towards bitcoins price.
They do say all the things they do have in mind but without even thinking sensibly if its self contradictory or not or just making themselves like
fools into the community. Manipulation can either happen while pumping or dumping.

Peter Schiff is not just a new personality in terms of this statements. He is not a random person who says his piece on the Bitcoin market. Peter Schiff has earned popularity or attention in the Bitcoin market because of his utter hate of the technology. Because of this, I don't think we need to respond to his statements as if they are worthy or objective. They are mostly hate-inciting statements against Bitcoin.

carlfebz2

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Quote from: coolcoinz on November 02, 2019, 10:42:55 AM

He said the market is crashing and Bitcoin is going to drop even more. Bitcoin drops and says he's amazed and it's because bitcoin market is manipulated by whales Cheesy

So when the price is falling he's fine with that and the price is not being manipulated but when the price goes up against his prediction it's because of manipulation.
He should read this and think about what he's saying. He's like a kid who can't admit to being wrong. Another Craig Wright.

Nothing surprises me if there were personalities who would just simply pop out and making their own insights and predictions towards bitcoins price.
They do say all the things they do have in mind but without even thinking sensibly if its self contradictory or not or just making themselves like
fools into the community. Manipulation can either happen while pumping or dumping.

coolcoinz

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Activity: 2744

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He said the market is crashing and Bitcoin is going to drop even more. Bitcoin drops and says he's amazed and it's because bitcoin market is manipulated by whales Cheesy

So when the price is falling he's fine with that and the price is not being manipulated but when the price goes up against his prediction it's because of manipulation.
He should read this and think about what he's saying. He's like a kid who can't admit to being wrong. Another Craig Wright.

alexsandria

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He was clearly trying to claim something without a robust evidences. Totally not understable though, hate to say this but his claims are totally stupid. Although bitcoin was all about predictions and stuff but it ain't going nowhere near crash with his delusional thoughts about the market. Besides complete manipulating by whales are just half-true though.

supercanada1

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Quote from: senne on November 01, 2019, 09:22:52 AM

Quote from: ecnalubma on October 30, 2019, 12:04:16 PM

Quote

Peter Schiff ruthlessly shatters the dreams of Bitcoin holders who hope that the top coin will reach new highs, reiterating his point about market manipulations.

Peter Schiff, the CEO of Euro Pacific Capital, is not amused by Bitcoin's latest 40 percent price revival.

The world-famous gold proponent continues to insist that the crypto market is being manipulated by deep-pocketed whales.

In his latest tweet, Schiff states that large Bitcoin holders want to protect themselves from the upcoming market crash by selling their BTC and using delusional holders to cash in.

After numerous pundits tried to wrap their heads around the recent market rally, Schiff took to Twitter to share his own take on Oct. 28. He believes that this Bitcoin turnaround had nothing to do with China and everything to do with whales "suckering in" gullible buyers.

Schiff rose to stardom by accurately foreseeing the financial market crisis in 2008, but Bitcoin price predictions might not be his thing.

As reported by U.Today, he claimed that the BTC price could plunge to as low as $2,000 on Oct. 20, less than a week before Bitcoin recorded its third biggest daily gain in history.

His $4,000 prediction, which was made right after Bitcoin's precipitous plunge to the $8,000 level, also never came to fruition.

Source

Undeniably price manipulation often happens in unregulated crypto markets. Do you agree in this economist statement or do you oppose? Do you believe that recent price surge is cause by manipulation or natural demand?

The best part is that the article ends with stating how his speculations never saw the light of the day.
Does his opinion even matter when none of his predictions were correct?
The best part is that he always been bearish on crypto and he never turned out to be correct. What I have noticed is that traditional investors are pretty much pessimistic when it comes to crypto currency. The problem is that fundamentals are really different when it comes to crypto and traditional assets. I don't think anyone who did well in stocks can be equally good in crypto trading.

I also cant care less about what this person has to say or believes in. so far, he has been just babbling nonsense. If anyone is paying a bit of his attention, he is wasting his time and energy. Crypto trading is totally different from stock one. The rules of trading remain the same but the rules of asset change. It is not possible to succeed in the world of digital market with old school of thoughts.

senne

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Quote from: ecnalubma on October 30, 2019, 12:04:16 PM

Quote

Peter Schiff ruthlessly shatters the dreams of Bitcoin holders who hope that the top coin will reach new highs, reiterating his point about market manipulations.

Peter Schiff, the CEO of Euro Pacific Capital, is not amused by Bitcoin's latest 40 percent price revival.

The world-famous gold proponent continues to insist that the crypto market is being manipulated by deep-pocketed whales.

In his latest tweet, Schiff states that large Bitcoin holders want to protect themselves from the upcoming market crash by selling their BTC and using delusional holders to cash in.

After numerous pundits tried to wrap their heads around the recent market rally, Schiff took to Twitter to share his own take on Oct. 28. He believes that this Bitcoin turnaround had nothing to do with China and everything to do with whales "suckering in" gullible buyers.

Schiff rose to stardom by accurately foreseeing the financial market crisis in 2008, but Bitcoin price predictions might not be his thing.

As reported by U.Today, he claimed that the BTC price could plunge to as low as $2,000 on Oct. 20, less than a week before Bitcoin recorded its third biggest daily gain in history.

His $4,000 prediction, which was made right after Bitcoin's precipitous plunge to the $8,000 level, also never came to fruition.

Source

Undeniably price manipulation often happens in unregulated crypto markets. Do you agree in this economist statement or do you oppose? Do you believe that recent price surge is cause by manipulation or natural demand?

The best part is that the article ends with stating how his speculations never saw the light of the day.
Does his opinion even matter when none of his predictions were correct?
The best part is that he always been bearish on crypto and he never turned out to be correct. What I have noticed is that traditional investors are pretty much pessimistic when it comes to crypto currency. The problem is that fundamentals are really different when it comes to crypto and traditional assets. I don't think anyone who did well in stocks can be equally good in crypto trading.

Topic: Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff - page 4. (Read 898 times)