Do you believe that this man crashed Bitcoin this 2018?

Mister1k

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Quote from: Buyingallcoinsz on May 13, 2018, 10:51:42 AM

we may say that what he did was one of the causes why their is price dropped because it make some investor doubtful how stable bitcoin right now but we can not say that it wont regain because bitcoin has many investor and for me, they are just observing right now what will happened next..

Investors aren't doubtful man

You mean to say about the panic newbie investors on cryptos right. Newbies are a targetted one for bitcoin. Cheap alts, ETH and Ripple are mostly getting power with the newbie investors. This one you can understand if you see the price changes percentage on any coin.
I did not find the bitcoin goes to big in the market since this year starting onwards because whales intervention to pull down the crypto currencies. To say the fact, banking will not allow anyone to boom with alternative solution for bitcoins.

Fatunad

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Everybody can say what they want like bill gates say that digital currency can kill world but still crypto run because even you spread a lot of FUD still the price of it are base in all users so if they experience conveniece in crypto of course they will not listen to others actually we have a lot of example like in binance and cryptopia scam accusation still i use this for so long then no experience of scam or hack so i will continue to use this two trading site so look always in bright side

Comparing or illustrating a crypto and int an exchange? Seems doesnt right at all. Going back into the topic even how many coins or Hundreds of millions to be dumped into the market that wont really be enough to make the market down into the bottom.We do might see dips but recovery would really be always comes next. Ive been expecting for other dumping of coins but it doesnt really worries me too much because the trust of people cant really be easily shaken up specially to bitcoin.

Buyingallcoinsz

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we may say that what he did was one of the causes why their is price dropped because it make some investor doubtful how stable bitcoin right now but we can not say that it wont regain because bitcoin has many investor and for me, they are just observing right now what will happened next..

Investors aren't doubtful man

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

Actually we have heard of several news about altcoins crashed by some whales. But market is still active. I believe those whales will cause wave to earn profit from this market. Bump and Pump. That's normal.

percopolis

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

No I do not believe. The high price volatility of bitcoin causes panic among some of its holders. Just do not need to panic, and make informed decisions.

mwarrior

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

I do not believe. The high price volatility of bitcoin makes many people nervous and sometimes panics. In order to the price grew, need large investments from big players.

WSDN

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exception BTC, no one can make BTC die. it has own value and besides, crypto is the future of currency. Bitcoin will rise up soon. selling now is the worst choice

proexcept

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Quote from: IMNOOBODY on March 17, 2018, 05:21:05 PM

I predict the cost at $20-25k by the end of the summer. The next most likely will be stagnation by the end of the year and then a crazy growth of 300-400%

Excellent and optimistic forecast. I'm glad that there are still people who believe in a bitcoin. I thought that only skeptics remained around me. I also believe in bitcoin and I am confident that soon growth will begin. There are many good events around crypto. This should be the cause of a growth.

sugihe

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Quote from: TimeHacker on March 11, 2018, 07:21:51 AM

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.

In bitcoin market, i would believe thats not the only reason since there are some other reason which lead the the market goes down like this.
But at least when one people sell that amount, i would say more and more people become panic.

kllondd

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Of course not, the high volatility of the cost affects the panic conditions in people. But it is impossible! Just need to wait for a big investment in BTC.

IMNOOBODY

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I predict the cost at $20-25k by the end of the summer. The next most likely will be stagnation by the end of the year and then a crazy growth of 300-400%

ekin4

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Nobody can crash crypto currency market alone. Nobody have that power except Satoshi. Don't worry about that.
Market crashes are going on as usual per technical analysis. Experienced users expected that.

icalical

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It's very unlikely that Bitcoin could crash just because a single person, Yes that one Whale selling his BTC might give a significant impact, but other factors like FUD, Fake News, Government Banning etc, also play important role int todays crash.

dress

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Quote from: LeoEspansq on March 11, 2018, 04:15:18 AM

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.

I totally agree with you.
Falls cost -> other people sell -> the third people sell too.
It's natural. You just have to be able to abstract it all.

pradobo

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If you understand that the price of Bitcoin was raised for some reason, and now falls, the same without any reasons. And who to believe?

Gabteb

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i dont think it could be only reason before any crash we see a lot of bad news ,every time it s the same story some bad news then some big FUD and crash .

goyald2801

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bitcoin daily volume is 10-20 billion dollar (1-2m btc) so i don't think such sale may cause big dip ..

but still we want to see such people to get rid of btc soon , so that we can see btc pumping again.

Bencus

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This might have an effect, BUT
Other "bad" news, like securities from SEC and Japan try to regulate exchange market, seems quite logical after these news. Its not healthy if a single person can manipulate the stocks by this much.
However, it can happen, and its happening all the time.
Who believes that nothing like this happens in the normal stock/currency market, is senile.
(George Soros for example on currencies, "the man who broke the bank of England", or who cannot enter Malaysia for currency manipulative reasons.)
So yes, this can cause FUD, and others to sell aswell, but regulations around the world can limit these in my opinion.

gamaman990

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I don't think so. Although the amount of BTC in the account sounds large, it constitute only a very small fraction of daily BTC volume. It's a good source of FUD though.

realcrypto

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With large volume I know it can affect the market but this is not the only reason. We have several reasons, starting from some rumor of banning bitcoin in some countries to hacking of some exchangers.

BigBoy89

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IMO 400M sell out can't move the price for longer than 1-2 days.
It's the Binance API + other factors.

Now he must wait till the end of the year before get a court permission to dump the rest coins - 130K Bitcoins.

leea-1334

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Quote from: jvdp on March 12, 2018, 02:44:53 PM

Mt Gox sold the bitcoin for settle the funds worth of 400 million USD worth of bitcoins. Actually it affects more than 2000 USD in the market in last week but today again bitcoin started boom back again buddy. If you are waiting to invest your fund please put all your money on bitcoin and buy as you much can.
Since your reason is perfect. You may utilize this suggestion I gave here and invest on it. Great day mate.

When the news first came out, I thought it was ridiculous. I think most people with any sense of logic would say the same. But I guess we underestimate the illogical thinking of the masses. Even those who did not believe it probably sold a little, "just in case",,, and this leads to the same following from other people. Small sells become bigger, and then the effect is multiplied. But the good news? Even this type of massive sells only dents Bitcoin price temporarily. My question now is why on earth is Bitcoin affecting all the alts too?

suzanne5223

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OP, the article posted is just one of the reason behind the dump in price of bitcoin because a lot of things happened lately which affect the crypto market. However, you'll see that bitcoin was not the only coin affected.

anavir

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we may say that what he did was one of the causes why their is price dropped because it make some investor doubtful how stable bitcoin right now but we can not say that it wont regain because bitcoin has many investor and for me, they are just observing right now what will happened next..

Tactical Genius

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He is partly to blame but most of the other price dumps have been as a result of the SEC's fresh regulations for exchanges.There is news Mt. Gox may have to sell an additional 1.9bn but I also heard they have been banned from liquidating till later this year.

Sephire

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I do not think that the entire crypto market can be brought down by one person's selling alone. There has been lot of other FUD
that has contributed to this big correction.

Abigail.Parsons

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No I don't think it was him alone. It played a part for sure in moments but I think regulatory fears are having a much greater effect

jackflag

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

I think that now there is a manipulation of the market by large players. If this person sells bitcoins, then only to buy them below. Perhaps - this can be a fake news, to divert public attention and put the blame on 1 person

LaLegiste

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Quote from: u9y42 on March 12, 2018, 11:21:33 AM

... while holding 166k BTC and, apparently, no regard for the market's stability. Hopefully, the remaining coins won't be sold (nor given to Karpeles), but instead returned to the creditors (I think the coins' fate will be determined sometime in September?).

Yes. As i got from the further news on this subject, the trustee isn't allowed to sell more untill the next court session on Mt.Gox bankruptcy which will take place in the middle of september and where they'll decide what to do with the rest of the funds.

Easy2Mine

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I hope the criminals are caught as soon as possible. We were very sore from the thieves.

jvdp

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

Mt Gox sold the bitcoin for settle the funds worth of 400 million USD worth of bitcoins. Actually it affects more than 2000 USD in the market in last week but today again bitcoin started boom back again buddy. If you are waiting to invest your fund please put all your money on bitcoin and buy as you much can.
Since your reason is perfect. You may utilize this suggestion I gave here and invest on it. Great day mate.

go4crypto

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I do not believe this is the reason of this correction. This does not explain why all other coins have gone through an even bigger correction than bitcoin.

ICO BLOG

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Not possible for 1 man to crash this way...

Febo

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

Let me ask you something. Do you believe that 40000 Bitcoin can crash a market long term? Yes of course they should reduce a price, but no way crash it.

Everyone is free to do with his cons whatever he want. Satoshi can let them rotten on his wallets forever if he want. If you believe that this puny 40k BTC crashed market what would Satoshis 20 times more coins do then?

krauzzer02

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Quote from: bitcoinzen on March 12, 2018, 04:16:33 AM

i heard Mt gox trustee sold 30 thousand bitcoin so the market is crashed but this news is circulating in the market is it a person sold or a trustee sold right information is confused

It's all over the news right now, some of the articles said that it is a panic selling from the trustee itself of the MT.gox and other stated that they are selling tons of bitcoins and the forks like BCH and they are waiting for the other forks to pump in order to pay its debts from the recent hacking incident of this exchange last 2014, but the panic selling is really fishy to me cause the price of bitcoin last December was almost 20k USD the same with the BCH and other altcoins, why enter of such panic if the cryptocurrency price is at good run.

Akramovkomer

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

only because of it is unlikely that the price falls so, but it affects the price drop. Plus news background negative and the result on the face

u9y42

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Quote from: LaLegiste on March 12, 2018, 10:21:45 AM

I guess binance trading bots hacked were the main reason of 7-8th of march dip. Though the news about Mt.Gox trustee selling loads of BTC/BCH didn't help too for sure. But in my opinion it was another try to manipulate the market with the information background. The sales took place since decemeber and weren't so large to dump the prices. But we've heard about it only last week aside with the bad news about regulation in USA and China to increase the panic sells.

Well, it didn't really help with the March 7 dip that the trustee stated:

Quote from: https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

"I plan to consult with the court and determine further sale of BTC and BCC,".

... while holding 166k BTC and, apparently, no regard for the market's stability. Hopefully, the remaining coins won't be sold (nor given to Karpeles), but instead returned to the creditors (I think the coins' fate will be determined sometime in September?).

sunsilk

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Not 2018, it's too early to say that this year ends and its the only reason that can lead the market to crash.

But I believe that guy is the reason for the current crash that we experienced. And everyone believes that after this incident bitcoin can go to another ATH due to this.

Quote from: iTradeChips on March 12, 2018, 01:39:11 AM

I do not think he is the reason why Bitcoin crashed in the late quarter of 2017 and early 2018. Many many factors contribute to that crash and many even agree that it was really not a crash but bitcoin is just correcting itself after the FOMO of 2017.

He is one of the contributor for this current crash.

LaLegiste

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I guess binance trading bots hacked were the main reason of 7-8th of march dip. Though the news about Mt.Gox trustee selling loads of BTC/BCH didn't help too for sure. But in my opinion it was another try to manipulate the market with the information background. The sales took place since decemeber and weren't so large to dump the prices. But we've heard about it only last week aside with the bad news about regulation in USA and China to increase the panic sells.

coin-investor

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

Yes that is the reason, but I don't consider that a long term effect, it will come to pass, I think it's good for those who want to buy at a much lower price, some buy order has been completed, now Bitcoin is back again in its bullish trend I hope it will continue to be bullish

Colendi Announcement

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Baoo

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Honestly, it is unfortunate what happens in this period of frequent crises in the price of bitcoin and maybe this man (who sold a big proportion of bitcoin) crashed the price, but this is not the main reason for this big fall. and in my opinion, the capitalist (who have the largest proportion of this currency in the market cap) control the value of the price.

Furthermore, in this period, they sold a huge amount of their money and their main goal for that is a devaluation of Bitcoin price and other currencies ( because when there is a drop in Bitcoin , all other currencies will go down ) ,so they will buy again when there is a significant drop , to ensure a big profit in the future.
So this volatility of the price is a manipulation from the capitalists. Wink

u9y42

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Quote from: TravelMug on March 12, 2018, 05:17:50 AM

Quote from: bitcoinzen on March 12, 2018, 04:16:33 AM

i heard Mt gox trustee sold 30 thousand bitcoin so the market is crashed but this news is circulating in the market is it a person sold or a trustee sold right information is confused

Its the Mt. Gox trustee who have been doing this after all. He has been dumping the coins since December up to now that's why suddenly bitcoin is having a hard time to take off and when we are about to make a rally, this guy offloads then shit happens to the market.

I guess we are still can't get away with the ghost of Mt. Gox because up to know if keeps crashing the market and we don't know that intention of the trustee. Is he that dumb that everytime he solds has a drastic effect on the price or he is influence by someone so that they can take advantage and buy bitcoin at a cheap price?

Quote from: BitcoinBallerina on March 12, 2018, 05:38:09 AM

Yes this is the fool who has been selling the MT GOX Bitcoins on exchanges instead of OTC. How can someone so uneducated about the markets be given the keys to such a large amount of Bitcoins is beyond my comprehension.

Usually ignorance is a sufficient explanation but, if these sales were all indeed done directly through market orders on exchanges (and not Off-The-Counter), it's hard not to believe some select people got a lot richer with their shorts. Roll Eyes

And it looks even worse when you consider that, regardless of whether this was the main cause of the crash (it was certainly not the only reason but), the trustee surely must have had the obligation not to decrease the value of the remaining assets (the BTC he still holds) - but the way he went about getting rid of the coins, with a few large market orders, clearly put the value of those assets at risk.

BitcoinBallerina

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Yes this is the fool who has been selling the MT GOX Bitcoins on exchanges instead of OTC. How can someone so uneducated about the markets be given the keys to such a large amount of Bitcoins is beyond my comprehension.

TravelMug

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Quote from: bitcoinzen on March 12, 2018, 04:16:33 AM

i heard Mt gox trustee sold 30 thousand bitcoin so the market is crashed but this news is circulating in the market is it a person sold or a trustee sold right information is confused

Its the Mt. Gox trustee who have been doing this after all. He has been dumping the coins since December up to now that's why suddenly bitcoin is having a hard time to take off and when we are about to make a rally, this guy offloads then shit happens to the market.

I guess we are still can't get away with the ghost of Mt. Gox because up to know if keeps crashing the market and we don't know that intention of the trustee. Is he that dumb that everytime he solds has a drastic effect on the price or he is influence by someone so that they can take advantage and buy bitcoin at a cheap price?

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i heard Mt gox trustee sold 30 thousand bitcoin so the market is crashed but this news is circulating in the market is it a person sold or a trustee sold right information is confused

mbah

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that kind of thing is common with a goal just to give the issue just so that the people who panicked and sold the assets they have. the way of addressing this is quite calm and do not panic too.

Oasisman

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

There are a lot of factors why Bitcoin crashed, It was even speculated last December 2017 after reaching the new ATH, that btc is bound to crash this year.
He is just one of the many reasons of the crash, he is not the MAIN reason. Plus there are a lot of people who spread FUD in the community causing the other investors to sell immediately. I rather believe in the whales manipulating the prices in crypto market.

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I do not think he is the reason why Bitcoin crashed in the late quarter of 2017 and early 2018. Many many factors contribute to that crash and many even agree that it was really not a crash but bitcoin is just correcting itself after the FOMO of 2017.

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Thanks for the good and detailed replies Grin

. Me I was thinking that many people panic sells because of this guy and the FUD spreading on Reddit. It's like a domino effect when there is a bad news like these people start to panic sell and cause the market to crash.

Diced90

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Quote from: cynical on March 11, 2018, 04:41:35 PM

Partly, but not wholly.

There have been a few different factors which have been affecting bitcoin's performance.
False reports about South Korea banning crypto had a factor,
Here is the result of "South Korea" search in the press board, just look at the headlines from January - https://bitcointalk.org/index.php?action=search2

The Central Bank in Poland paying social media infleuencers to spread FUD had a factor and we dont know the extent of these actions,
were there more banks doing the same tactic?
https://www.cnbc.com/2018/02/22/poland-central-bank-paid-youtube-star-for-video-about-cryptocurrency-crash.html
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Looks like there is a cartel that really wants to see bitcoin die but this will require a lot of resources to achieve as bitcoin and other cryptocurrencies are supported by many people from all over the world, hope they don't run bankrupt in the process and as for our whale friend I think what he or she did did have an effect only because other factors mentioned above occurred almost at the same time

arpon11

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Quote from: Daddyj2 on March 11, 2018, 04:04:42 AM

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

What many people did not understand is that bitcoin is decentralized cryptocurrency and as such it is not good for it to be controlled by one individual and as this man sold 400m bitcoin new many investors are going to come into the market and from there that is the process of decentralized system. If one human beings hold $400mbitcion he is a treat to bitcoin and since this happens we have no any other options than to buy.

cynical

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Partly, but not wholly.

There have been a few different factors which have been affecting bitcoin's performance.
False reports about South Korea banning crypto had a factor,
Here is the result of "South Korea" search in the press board, just look at the headlines from January - https://bitcointalk.org/index.php?action=search2

The Central Bank in Poland paying social media infleuencers to spread FUD had a factor and we dont know the extent of these actions,
were there more banks doing the same tactic?
https://www.cnbc.com/2018/02/22/poland-central-bank-paid-youtube-star-for-video-about-cryptocurrency-crash.html
https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

ptrnyc

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Quote from: qazgroup on March 11, 2018, 04:15:52 AM

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.

How did this dude get this job ? He should have sold at 20K.

seymenyunus16

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I think the stock market is a psychological game. The coin must be sold at catch time. And everybody should buy it when they sell it. Reverse psychology. The crypto market is very risky. Because volatility is high. That's why we're so wrong. But I just want to say that. Bitcoin does not sell.

renes

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No, I don't believe it but also that does not matter for me. He crashed it or anyone else, rules don't change, buy the dip and hodl and bitcoin is the best coin you can hodl so why do you wait

mummybtc

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I think people are over playing this trade, the market is very liquid now to absorb this kind of sell off, remember he too wants to sell at good price, he sold them in days not that he just place the a sell order and crash the market, there are people that sell this huge amount of BTC, I don't believe he crashed the market, it is even funny that the market is now reacting to it after he sold the BTC

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

It wasn't just him. I'm sure him and all his whale friends together could lower the price quite a bit though. One guy dumping 400 million worth of Bitcoins isn't going to affect it all that much. We would see the price dip down immediately, but it wouldn't be constant like it has been.

Sephire

full member

Activity: 700

Merit: 136

This is probably one of the many FUD factors that has affected bitcoin price. Does not explain why all the coins
are down so much. Whatever the reasons, the crypto market has corrected enough already and is getting ready for next
big rise soon.

clavirda

member

Activity: 420

Merit: 10

In fact for investors and traders these waves are quite acceptable. The more passive players come out of the market, the lower the cost, in this position they can already buy in full.

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: TimeHacker on March 11, 2018, 07:21:51 AM

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.

lelou

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.

TimeHacker

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.

Crypdon

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

DikkieD

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'

.

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).

burdeN

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

drogba773

member

Activity: 294

Merit: 15

400 million $ can make bitcoin go down %0.2 so that's out of discussion

hugeblack

legendary

Activity: 2506

Merit: 3645

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.

qazgroup

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.

LeoEspansq

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.

Daddyj2

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

Topic: Do you believe that this man crashed Bitcoin this 2018? (Read 672 times)