Cryptocurrency Market Manipulation Logic? - page 4.

Lanatsa

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Quote from: Shenzou on June 23, 2021, 02:26:42 PM

Quote from: Gcrypto786 on June 21, 2021, 01:49:39 AM

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.

The market had always been like this on where we do already experiencing some good run then here goes with those issues that do just pop out from nowhere.

Is this something new that we had seen on this market?No its not and its been part of the market where these fuds and events do really happen along the way.

The idea of manipulation is something obvious and we could even tell in our very own eyes on how things been going but we cant do anything about it
as big players would really stepped into the game.

lixer

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Quote from: Gcrypto786 on June 21, 2021, 01:49:39 AM

can explain the reason behind those huge pump and dumped of BTC?

When there are possibilities for happening of pumping, then you need to be prepared to face dumping also. No market can move in one direction all the times but basically bitcoin is designed to have huge value over the time due to its limited supply hence we can expect bumping to be happening over the years but in between years we can expect dumping also to be happening which may happen up to 70% of each ATH (as that past events).

Quote from: Gcrypto786 on June 21, 2021, 01:49:39 AM

Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.

No, you are wrong. If bitcoin is not trustable just because of with the reason of easy manipulation, then how you got chances to see bitcoin is growing from $400/$700 to current levels of 30k+ ? People who are investing into bitcoin must need to understand its high volatile nature. If you're able to hold it for years then you can easily eliminate the problem of high volatile nature of bitcoin.

Hypnosis00

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Quote from: leea-1334 on June 24, 2021, 08:11:04 AM

Quote from: Shenzou on June 23, 2021, 02:26:42 PM

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.

He did not just drop out because of environmental problems.
1. He did not sell (not all) of the Bitcoin that Tesla owned. Even if he wanted to am sure he does not have the final say.
2. He only said Tesla stopped accepting BTC. But when they did, who bought Teslas with BTC anyway?

That so happens that whales manipulate the market and one of them is Elon Musk. But for now, I tried to forget his name and to accept that the crypto market has already in a curse of manipulation. Many of these whales just keep themselves anonymously, we don't know that some of them are government officials or known personalities.

Even though we don't like the idea of being manipulated but we know also that these people make the market alive and help the market to grow. In fact, we can't also deny that small investors are benefiting the market when there is hype happens. We are also in profit just like them.

coiner-88

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clearly brilliant cash taking benefit on the pinnacle then, at that point chain response follows for those enormous players that didn't take benefit at top. This is only a cycle on crypto so need to stress. To appropriately portray each market move you would have to know the plans and methodologies of the vast majority of the market members which is outlandish except if you have a precious stone ball or you're a very experienced telepath who can deal with the considerations of millions of individuals immediately.

leea-1334

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Quote from: Shenzou on June 23, 2021, 02:26:42 PM

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.

He did not just drop out because of environmental problems.
1. He did not sell (not all) of the Bitcoin that Tesla owned. Even if he wanted to am sure he does not have the final say.
2. He only said Tesla stopped accepting BTC. But when they did, who bought Teslas with BTC anyway?

apityeh71

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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.

Shenzou

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Quote from: Gcrypto786 on June 21, 2021, 01:49:39 AM

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.

livingfree

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Quote from: 2double0 on June 22, 2021, 02:07:14 PM

Quote from: livingfree on June 22, 2021, 02:15:09 AM

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.

CoinFoxs

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Quote from: Gcrypto786 on June 21, 2021, 01:49:39 AM

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.

iv4n

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Quote from: Gcrypto786 on June 21, 2021, 01:49:39 AM

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!

leea-1334

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Quote from: danherbias07 on June 22, 2021, 05:23:03 AM

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!

unusualfacts30

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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.

Luqman

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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.

2double0

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Quote from: livingfree on June 22, 2021, 02:15:09 AM

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.

SirLancelot

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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.

livingfree

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Quote from: CryptopreneurBrainboss on June 22, 2021, 02:24:00 AM

Quote from: livingfree on June 22, 2021, 02:15:09 AM

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.

feelideb

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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!

davis196

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Quote

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.

JooBra

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Quote from: danherbias07 on June 22, 2021, 05:23:03 AM

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.

That and much more is to price. Now we see proce getting down and that is connected with future contracts expiring this week. If you want to have a chance to know the price movements you need to focus a lot of time in crypto.

ethereumhunter

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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.

Topic: Cryptocurrency Market Manipulation Logic? - page 4. (Read 883 times)