I think that there are many groups working for their own goals in this market. It's even more clear with altcoins like BCH. Roger Ver is trying to belittle Bitcoin and pump his BCH above it and at the same time Craig Wright tries to take control of BCH from Roger Ver. Even altcoins have their own influencing groups.
Bitcoin is being suppressed for sure and I think that it has something to do with Wall Street and regulations.
Topic: Do You Believe that there is a crypto cartel suppressing the price of BTC? (Read 508 times)
November 10, 2018, 03:17:17 PM
November 10, 2018, 01:30:09 PM
For sure there must be a crypto cartel, in every platform there are always cartels but can't talk about suppressing the price.
November 10, 2018, 12:33:35 PM
Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?
I mean, it's not a secret it's happening in general?
What about all the other 'groups' they just sit there and wait their turn? The idea is silly. It's a free for all and an ever changing one. One entity may initiate a move. There's no way they can retain full control of it until it reaches some predetermined conclusion that suits only them.
Well, other groups doesn't have to wait, it's more pretty obvious that very rich people can easily move the market. isn't people saying 10% of the market cap is actual amount of money that has gone into crypto?
do you relaly believe noone is moving the market whichever way they please? Bitmex seems capable of moving the market to liquidate as many people as possible.
It'd be naive to assume that the market is free I think.
November 10, 2018, 09:55:23 AM
I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?
There will always be manipulation to a certain extent. The rich are the ones who can only do this. The simple investors, even pooling together, cannot influence a market that is in the billions of US dollars. While I think there are market influencers present not just in the crypto market but also in the stocks and in forex and in any market to be exact, they cannot dictate everything. Especially in crypto.
November 10, 2018, 09:53:47 AM
I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?
I am sure that there are people who manage the price of bitcoin. They manage it in such a way as to primarily benefit for themselves. I think that these are large investors who by their actions can really change the course of this game. November 09, 2018, 10:25:12 PM
I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?
There will always be manipulation to a certain extent. The rich are the ones who can only do this. The simple investors, even pooling together, cannot influence a market that is in the billions of US dollars. While I think there are market influencers present not just in the crypto market but also in the stocks and in forex and in any market to be exact, they cannot dictate everything. Especially in crypto.
November 09, 2018, 10:21:29 PM
Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?
I mean, it's not a secret it's happening in general?
What about all the other 'groups' they just sit there and wait their turn? The idea is silly. It's a free for all and an ever changing one. One entity may initiate a move. There's no way they can retain full control of it until it reaches some predetermined conclusion that suits only them.
November 09, 2018, 10:10:21 PM
Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?
I mean, it's not a secret it's happening in general?
first of all it is not because of size of market cap but instead the size of the market which is basically the order books on exchanges. it has absolutely nothing to do with the market capitalization!
secondly "control" is a big word. nobody can control bitcoin at this point, they may do it with most of the altcoins but bitcoin is big enough and already has enough investors in the market that nobody can control it. "influence" is a more suitable word since they can influence the price and intensify some trends.
November 09, 2018, 09:37:52 PM
Considering the relatively small market cap of BTC, and crypto as a whole, and the natural volatility - I think it's safe to say there's definitely a group who's moving the market however they want to.
I mean, it's not a secret it's happening in general?
I mean, it's not a secret it's happening in general?
November 09, 2018, 09:25:13 PM
The quote it simple possible if Bitcoin price will going to fail 90%+ then Bitcoin price goes to big down 3000$.if 90% will going up then 15000$ can be up Bitcoin price I'm sure.but I see coinmarketcap for checking Bitcoin price but now still 6400$. Actually not bad think in my opinion,in this end after 2 month.so have good little time more I hope Bitcoin price will go to 10000$ cross up.
November 09, 2018, 08:59:34 PM
I mean what will be the purpose of those cartel? To monopolized the market? C'mon this is 2018 already there are millions of traders around globally, so its going to be hard to control this market. Going back to my question, they wanted to manipulate the price so that they can buy and hoard a lot of coins? That's how supposedly a cartel works, but so far we haven't seen anything out of the extraordinary to say that they can literally control the price the way they wanted.
November 09, 2018, 08:32:44 PM
I think that's quite possible.
If earlier the price of bitcoin was 20, 000 dollars.
If the price falls by 95%, bitcoin will have a cost of 1, 000 dollars. And this is quite real in this mood of the market
Firstly, it doesn't seem realistic even if we take into account bearish general trend. No matter what kind of news appeared and how panic sellers were acting, bitcoin's price hasn't fallen below $5900 since the ATH. I think that approximately $6k is a price the vast majority is willing to pay for bitcoin. People are not selling it at lower prices regardless to global FUD, and this price cannot be ruined, unless something really terrible, like World war 3 or quantum computer solving cryptography puzzles instantly. Now to the second point. Believing that there is global conspiracy in any field is just trying to find who to blame for all the things you did wrong in your life. Everything is up to each one of us and no secret group can have global impact on major things.If earlier the price of bitcoin was 20, 000 dollars.
If the price falls by 95%, bitcoin will have a cost of 1, 000 dollars. And this is quite real in this mood of the market
No, i don't believe on the above question as stated, there are a lots of indicators that may goes with the determination on the price value of Bitcoin as posted in the market, Volatility of the market is one factor, it is unpredictable on the market movement during the trading, the fundamentals, market structure, and the consumer's behavior or confidence towards Bitcoin, not to mention the Volume of the investment made by investors.??
November 09, 2018, 08:16:33 PM
It could be manipulated downwards by a smart crypto whale who wants to attract big game players. These institutional investors do not want to join at the top so they will want a lower price point, hence whales pushing down the price to bring them in
Of course every market will have cartels, mafia, big players, whales, and so on. they have a big influence on the market, but that doesn't mean they have full control on the market. especially if the total of users in the market is very large. of course the one driving the market price is not only the cartel. but every individual users November 09, 2018, 07:43:52 PM
I can believe it might have been possible in 2010/11 when the whole thing was minuscule. These days it's so spread out and there are so many different people involved it's impossible. Individual moves may be coordinated but there's no way of predicting the effect. It might be gulped by competing groups.
As with all conspiracy theories, it's much more comforting to think there's one little group of wizened men around a table dictating moves. The reality, that it's a chaotic shitshow where no one has a clue, is much less appealing to most people.
As with all conspiracy theories, it's much more comforting to think there's one little group of wizened men around a table dictating moves. The reality, that it's a chaotic shitshow where no one has a clue, is much less appealing to most people.
November 09, 2018, 06:17:39 PM
I think it is not a cartel but those whales maybe. What I think is there is a club of people with a lot of bitcoins and maybe they decide on when dump or buy to control the price.
November 09, 2018, 06:10:41 PM
I've heard that there are people wanted to suppress the price of bitcoin up to 95% from it's all time high. The article also said that they also suppressed the price of gold and silver. Maybe we are experiencing it right now. What do you think about this?
FTFY
Do You Believe that there is a Bitcoin cartel suppressing the price of Altcoins?
November 09, 2018, 06:01:06 PM
It's a new ASSET CLASS
Valuing it against existing asset classes will continue for a decade.
It was valued to high to quickly last year by many speculators.
Even when it gets back to $20k it will be undervalued over a 20 year period.
People bouncing in and out of bitcoin for quick gains will always be "involved" in bitcoin. That doesn't change the fact it's severely undervalued and will continue to be for a long time.
Valuing it against existing asset classes will continue for a decade.
It was valued to high to quickly last year by many speculators.
Even when it gets back to $20k it will be undervalued over a 20 year period.
People bouncing in and out of bitcoin for quick gains will always be "involved" in bitcoin. That doesn't change the fact it's severely undervalued and will continue to be for a long time.
November 09, 2018, 05:53:40 PM
he is a big whale, yes, whales are always there to make very big waves. make good fluctuations, and make us profits.
they are very confident in bitcoin, even they are able to dominate the market, and he makes other investors panic when buying, so many investors add more assets.
they are very confident in bitcoin, even they are able to dominate the market, and he makes other investors panic when buying, so many investors add more assets.
November 09, 2018, 03:59:24 PM
It's completely impossible to find out if a cartel is determining the prices. But I personally think that a group of people are manipulating the prices. The big prices changes is not normal. Some people believe that the price fall from from 20000 dollar to 6000 dollar was normal. But I don't think so. Because I doubt go health of that price to 20000 dollar too.
November 09, 2018, 07:26:34 AM
I don't believe that cartel from any quarter can manipulate bitcoin to that extent. Let us remember that the major determinate of price is demand. The higher the demand the higher the price. Though spreading some FUD news can influence the price.
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