Do you think the whales are manipulating the markets - page 22.

jamids

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Quote from: sid_jain on May 10, 2018, 11:45:49 AM

Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?

Yes there are whales but there are times when we thought that it was whales that are doing it but it was actually a group of traders who treat $10k as psychological resistance so they put a sell order just below $10k so that they can still sell if others decide to sell as well. If you can see the price in bitfinex which is one of the high volume trading exchange in the market, the price reach $9,990 but didn't reach $10k because they put a sell order below. Even if you have only 1 btc which is obviously not a whale but there are others who has 1 btc as well with that selling price and there are hundreds of then, then it would look like a whale is doing it.

santiPOGI

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there are many whales who are doing this in the market.
and i believe they are doing it as they have the capability to put walls.
walls are one of the biggest problem in keeping any coin to rise.

Fappanu

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I think that whales are manipulating the market today, we see today the rapidly rising and falling prices that are not natural in the market. Maybe if these whales disappear we will see a steady price increase.

Lorence.xD

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Quote from: dothebeats on May 10, 2018, 02:09:03 PM

For every market, there are hidden 'market movers' that control the pricing and market flow at their own will. Bitcoin is no exception, given that exchanges aren't highly regulated and you can create as many accounts as you like provided that you pass the verification on the exchange. These whales are responsible for several market movements that happen 'all of a sudden' such as sudden rise or huge fake crashes. They are around and lingering, and also controlling the markets with their stringed toys.

In the trading market investment, their is always a shadow investor were they don't want to be exposed for so many reason, it may consider the issues on security of investor, and a lot more. Exposure of whales in the trading market world would result to either favorable for the posted ICO or even bad news to some competitor at the end it may result possible reaction on the market trading on crypto currency. We always see the profile presented as the officers of the said project yet we don't really have the idea who's the really investor behind.

maculeth

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in fact such thoughts are often a matter of debate. how they change the market price by selling all their bitcoins and making the bitcoin fall. then they buy it again when the price falls to pump the price, then sell again. but for the truth, we don't know.

cahbagus555

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Quote from: sid_jain on May 10, 2018, 11:45:49 AM

Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?

It could be happen whales manipulating bitcoin price. Bitcoin price can be manipulated as we the manipulator have big amount of bitcoin. But I think bitcoin price can not break $10k because recently mt gox selling their bitcoin on trustee in large amount

loreykyutt05

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I think yes those people who has lot of coins can manipulate the market but only to some extent they cant manipulate the market everyday , If they dump or buy absolutely it has an impact but it will not last long since admit it or not there will be a correction

vhiancs

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I think it is yes, whales are manipulating the price of bitcoin for their own sake, they make a way to lower the value price of bitcoin currency, they are spreading false news so that the price of bitcoin falls so they can buy at low prices and fill their pockets to make way for the bitcoin price to rise in that way they will gain a huge profits.

mace15

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Quote from: bhabygrim on May 11, 2018, 06:18:46 PM

Well maybe they are really manipulating the market,
Maybe they are the reason of the dip and then the people would sell their coin off then they would buy back to get a profit from it.

I think whales does exists that halts to make the price increase. Their is a probability it happen always that manipulate the market. Yes this is I can observe the market the price drops for them to buy at a lower price.

bhabygrim

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Well maybe they are really manipulating the market,
Maybe they are the reason of the dip and then the people would sell their coin off then they would buy back to get a profit from it.

Hydrogen

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This is the best explanation I've seen for our recent decline in btc price.

Quote

Cryptos Crash After Nvidia Forecasts Big Drop In Mining Demand

Around 1pmET, the entire space tumbled almost instantly as large blocks went through in Bitcoin, with chatter suggesting the MtGox custodian was unloading once again. Prices quickly stabilized once that selling pressure abated.

However, shortly after the US market closed at 4pmET, Nvidia announced its results, posting quarterly sales that topped expectations.

However, NVDA shares fell as the company revealed for the first time that a bigger-than-anticipated portion of the demand for its powerful graphics processors came from the volatile cryptocurrency market.

And then the company said that while it generated $289 million in sales to cryptocurrency miners in the first quarter, Chief Financial Officer Colette Kress said that the company expects cryptocurrency-related revenue to fall 65% to about $100 million in the next quarter.

And that sparked a second leg of selling pressure across the crypto-space...

Sending Bitcoin back below $9000...

https://www.zerohedge.com/news/2018-05-10/cryptos-crash-after-nvidia-forecasts-big-drop-mining-demand

Nvidia's forecast of a massive reduction in mining demand could be misinterpreted here. We know samsumg, nvidia and others announced plans to enter the dedicated ASIC markets via building their own dedicated chips. It is possible that increased production of ASICs and the increased market competition that comes with it is partly responsible. Rather than a straight reduction in demand, it could be a ramp up in competition and production which forecasts a more widely split market for mining hardware.

Uncertain on whether MtGox's custodian is dumping btc. That could be yet another explanation.

darkangel11

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Yes, they are, but what do you understand by manipulation? In reality a whale simply does his job. Buys low, sells high, has to sell to protect his investment because he doesn't believe in cryptocurrency, he wants more money in any form and if something looks like an opportunity he'll sell cryptocurrency and buy a domain, or a housing complex, whatever. What you may see as a manipulation to other people is playing the market. If you had a lot of money you'd be doing the same.

St4yInTh3D4rk

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Quote from: sid_jain on May 10, 2018, 11:45:49 AM

Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?

It also may be a reason or the market is naturally acting in that way.Now bitcoin is again crashing as you said so people need to start holding to help the bitcoin to recovery but most of the people will do panic selling at these kind of situation which make the condition even worse.

tradcoin

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Yeah, I also think that the market is being manipulated by the whales. I think they reduce the price of bitcoin in the market when the price is about to go up again by attracting huge amount of money from the market.

Bagaji

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Whale are always out to make profit by way of price manipulation in their favour and there do that investing much in Bitcoin and that will increase the price upward after that there will dump by selling out their position and take profit.

thecoder2017

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We will not be surprised anymore because its their nature of.work to manipulate coins they will buy many but will hold it to make the rise of coins in the market.

sid_jain

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my point is did you notice that this time bitcoin hovered around the 10k mark more than usual ... i think there was a fud going on where whales were testing the market before dropping shit loads ... i thought they were playing reverse pschology game but them it turned out the market crashed again

shulio

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Of course it is a whales job to manipulate market with its marketing and fiat power. To maximize their earnings, the manipulate the market in every way.

MUG1WARA

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of course money that many will be able to manipulate a market. because with the money that many people can do anything against something he wants.

Lagrood

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All kind of markets are manipulated and it is normally. Just imagine that you have very much money and you decide to buy bitcoins I mean if you buy quite big amount you change current price sufficiently and in this case you are a person who manipulates a market.

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