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Topic: Do you believe that this man crashed Bitcoin this 2018? - page 4. (Read 709 times)

legendary
Activity: 1414
Merit: 1001
I don't think this was the reason... at least not the only reason. The amount he sold is far from typical daily volume traded, so I don't believe this alone could crash the Bitcoin price. But it's possible that it triggered more sell offs which then crashed the price. Big correction was already highly expected, so it might have triggered it, but the amount was not big enough to crash the market.
There are a lot of reasons that could lead to a decrease in Bitcoin prices right now, but I still believe in Bitcoin because I think this is a perfectly normal correction. The decline is also not so extraordinary and market conditions can still be said to be fine, there has not been a condition of extraordinary panic. Yes for me Bitcoin still interesting to be an investment and I think that Bitcoin has a chance to have a chance to experience a price increase again. This is not a hoax, many analysts say that Altcoin and Bitcoin will have a good momentum this year. market share also increased by more than 20% and this is a remarkable thing one of today's economic strength can achieve.
full member
Activity: 574
Merit: 102
I hope they sell all their coins so it can cause a massive crash and all of the other whales will start to panic because of the unusual downfall of prices so it will lead to more massive crash, and that is when we buy.
sr. member
Activity: 521
Merit: 256
I don't think this was the reason... at least not the only reason. The amount he sold is far from typical daily volume traded, so I don't believe this alone could crash the Bitcoin price. But it's possible that it triggered more sell offs which then crashed the price. Big correction was already highly expected, so it might have triggered it, but the amount was not big enough to crash the market.
member
Activity: 616
Merit: 11
He is definitely having a negative effect on the market, and causing additional panic sell. They know that regulation is coming and it will make it more difficult to regain their funds so they need to quickly do it now. Demand and interest is lower now, until the next bull run starts to kick in
member
Activity: 560
Merit: 22
Nah. A Dutch saying goes, 'Wie een hond wil slaan, vindt altijd wel ergens een stok' which roughly translates 'fud, fud, fud, fud and fud' Smiley.

The amount of unloaded btc is a fraction of the daily volume. So it could be a catalyst, but not the main reason. Right now the fud itself is the reason why many are playing the waiting game again, in the end it is a matter of speculating and taking your winnings whenever possible.

What I find interesting though, is that whales allow btc to reach these dangerously low levels, while they would be better off in the long term if btc reaches a new ath soon (since then the whole market (cap) will rise again).
sr. member
Activity: 364
Merit: 255
Nah, that was not an immediate sale but planned sales during the month. Even if it was immediate I doubt that it could make a huge impact on the market
member
Activity: 294
Merit: 15
400 million $ can make bitcoin go down %0.2 so that's out of discussion
legendary
Activity: 2702
Merit: 4002
Not quite the opposite, many accounts on reddit.com/r/Bitcoin site have promoted such rumors to create panic.
There may be no uniform reason for this correction but an accumulation of causes has been created:

  • Lack of good news.
  • Normal corrections.
  • Whale speculation.
member
Activity: 1022
Merit: 20
RiveMont
Yes, this has been one of the biggest factor, i think this is the person responsible for mtgox refunds so he is selling btc to refund investors, i think there is no need to panic, as soon as his orders get clear btc willbounce back up, just be patient and hold.
full member
Activity: 364
Merit: 100
I think this is not the only reason we see the current situation on the market. This is due to the imperfectness of bitcoin and the development of other coins. So the sale of its assets is affected, but not so noticeable.
jr. member
Activity: 532
Merit: 1
Do you believe that this man crashed Bitcoin this 2018? This man https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This might be the reason why the market has been swinging lately and can't recover.

P.S
Not spreading FUD. Just want to know what's your opinion on this.


HODL! HODL! HODL! HODL!  Grin
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