Growth of Bitcoin? - page 2. | Bitcointalksearch.org

Luzin

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Quote from: Wawa2013 on January 18, 2022, 07:29:15 AM

The Bitcoin market is already too big for whales to manipulate, it requires very large capital to manipulate now. So I doubt that the cause of
the decline in the price of Bitcoin is due to manipulation by whales, especially with the many institutions that invest in Bitcoin in the long term,
making Bitcoin support prices stronger, so it's not easy to dump Bitcoin prices deep enough. That's why Bitcoin has so far been strong enough
to stay above $40k, and I believe Bitcoin price will recover soon.

Yes that's your guess, but I hope it's true. Reading the direction of the market is a prediction, we will not know the actual direction of the market. A lot of consensus is repeated and happens again, that's what makes everyone predict. I always think the worst possibility, therefore I don't want to oppose the market because I don't have enough funds to move the market. It is true that many large corporate institutions buy but we only know from the news that whether it is true or not. But at least it's a positive news to convince holders or buyers to get bitcoin and accompany market opinion.

rodskee

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

You are talking like you understand everything but the way you reacted is like you only learn from hearsay and not from your own understanding and research .
but you are correct that blockchain technology supposed to be Known by Bitcoin.

and also EL Salvador bought Bitcoin at those range without any manipulative strategy , and whales has nothing to do with it.

There might be manipulation but never forget that Bitcoin is a volatile currency meaning this can move here and there even without that called manipulators .

Wawa2013

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Quote from: dothebeats on January 18, 2022, 01:27:42 AM

Bitcoin price going down isn't always the effect of manipulation. The money that comes in to the bitcoin market should flow towards something else one way or another, and investors are free to do that. This doesn't mean manipulation at all, it's just taking profits. The market is already too big for manipulators to exist, or if they do they can only affect a portion of the market, but still not enough to induce bear markets of high severity and long durations.

The Bitcoin market is already too big for whales to manipulate, it requires very large capital to manipulate now. So I doubt that the cause of
the decline in the price of Bitcoin is due to manipulation by whales, especially with the many institutions that invest in Bitcoin in the long term,
making Bitcoin support prices stronger, so it's not easy to dump Bitcoin prices deep enough. That's why Bitcoin has so far been strong enough
to stay above $40k, and I believe Bitcoin price will recover soon. It is the most reasonable possibility why the price of Bitcoin dumps,
that's because quite a lot of investors are selling Bitcoin at peak prices. But there is no need to worry that the Bitcoin price will rise again soon,
because investors who were already taking profit slowly started buying Bitcoin again. Because right now the price of Bitcoin is quite low and
it seems difficult to expect Bitcoin to drop below $40k.

noorman0

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

So is that good for motivating other countries to make it legal tender as currency?

A closer reason: The government wants to keep its people's finances under control. Governments can also manipulate policies that don't actually make them better. As has happened in the country of Elsalvador, eventually people realize that they are not actually transacting with real bitcoins when they are required to use a centralized wallet. This is a sign that the government is centralizing the bitcoins circulating in the country so that they can be controlled, like funds that suddenly disappear.

Bitcoin will actually be legal as a means of payment if residents are allowed to transact through non-custodial wallets.

LogitechMouse

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

Such a huge volatility means big players are manipulating bitcoin.

Why whenever we see Bitcoin going down, we always say things like "Yeah this whales are manipulating again the market" blah blah blah??
Enough of this nonsense phrase because Bitcoin in 2021 isn't the same as Bitcoin in 2017 where it is heavily manipulated by these rich people. Bitcoin's market cap has increased already therefore, the chances of whales manipulating Bitcoin is very low and in order for them to do it they need a huge amount of money and a bit of coordination maybe Cheesy

.

Instead of seeing the price drop of Bitcoin as manipulation, see it as a correction that has been made by many investors who chose to take profit at its peak. The price drop isn't only because of these big holders of Bitcoin who sold most or all of their holdings but many, many investors who either took profit or sold at a loss because they see Bitcoin going down already. Enough of the manipulation shit already. Its 2022 already. At least change the way you think regarding Bitcoin's price movement.

boyptc

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin.

Yeah, there's always the manipulation in our minds when the price is moving according to its volatility and not with the favor that we like.

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Well, there's no need for any motivation for the other countries that will make it as a legal tender. If they think that it's a good one to make then they should make their own move and have their own reason why they should make bitcoin as a legal tender.

Fundamentals Of

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Price volatility is really an issue with Bitcoin. It is not to be denied that it is going to be economically and financially challenging for any country to adopt Bitcoin as its legal tender. But the adoption of Bitcoin in El Salvador is not really a huge issue when it comes to Bitcoin's lack of price stability because the USD is still there as another, or even the main, legal tender. Even if declared as a legal tender, Bitcoin is still an option to the people. If they prefer to use the USD for its stability, then they are free to do so. But don't forget that price volatility doesn't take away the reasons why Bitcoin is an excellent currency.

xSkylarx

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Quote from: maggiewu on January 17, 2022, 03:45:24 PM

Now BTC 42K, already can properly buy, 38K can buy a lot, 70K will come once again, it is recommended to sell 65K. Because you can never get 30K

this is speculation only but this is the high chance that the price of Bitcoin will get . Tho 30k has a chance in red days which a lot will buy but for now when seeings l the price i think it will stabilize sometime. btc price has grown a lot now and it is really amazing since the price skyrocket

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Quote from: ziaul1999 on January 18, 2022, 02:57:03 AM

PANIC always Harm Bitcoin, Crypto Always potential Strong Work Global World. Bitcoin Future Always Best , Don't Sell Bitcoin panic moment

It's only Bitcoin holders that have confidence to retain or bank cryptocurrency especially bitcoin for long time, even to the time Bitcoin is downgrading, people that is not acclimatized with bitcoin regulations will panic to evacuate or sell out what they have at hand to generate profit and avoid lost of their investment, but a qualified investor doesn't consider the down fall of bitcoin, they always think big and positive to predict the future of cryptocurrency, for more profit for an interval of a year or two years gap or difference.

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PANIC always Harm Bitcoin, Crypto Always potential Strong Work Global World. Bitcoin Future Always Best , Don't Sell Bitcoin panic moment

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

So is that good for motivating other countries to make it legal tender as currency?

Unlike you, the countries don't care about short term volatility. They look at the bigger picture where price was $4k last year and it is $40k this year.

Quote

The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin.

Bitcoin price cannot be manipulated in the way you think it is. The effects are small and most of the times short lived. Also more importantly as the market grows the manipulation becomes increasingly harder. For example we don't have the same market manipulation in 2020+ that we had in 2010 to 2014. It has decreased in effectiveness by a lot.

dothebeats

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Bitcoin price going down isn't always the effect of manipulation. The money that comes in to the bitcoin market should flow towards something else one way or another, and investors are free to do that. This doesn't mean manipulation at all, it's just taking profits. The market is already too big for manipulators to exist, or if they do they can only affect a portion of the market, but still not enough to induce bear markets of high severity and long durations.

Baofeng

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Why we always equate about the price going down to manipulation? Maybe it's obvious that it's not only whales are selling, even average joe and retail investors are. And regarding El Salvador's purchases, I think the President took the risk to invest and legalised bitcoin so we can't blame him for that though. Bitcoin has been and always volatile regardless if there is manipulation or not.

mk4

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Quote from: TimeTeller on January 17, 2022, 03:04:39 PM

Whales can't have total control in this market. They may make a dent at some point, but will not significantly alter the market.
I don't understand why some people are still thinking that this market can easily be manipulated by whales.
A lot of factors are contributing this up and down movement. As more stakeholders are joining this market, expect a roller coaster ride.
We can only see clear manipulation in most small cap alts. Where small buy can tremendously change the percent change in the market.

Pretty much people over-investing without even knowing how Bitcoin works or how markets work in general. When these types of people lose money, instead of blaming their own ignorance, they look for someone to blame. And in most cases — it's the "whales" that MaNiPuLaTe tHe MaRkEtS.

tranthidung

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Quote from: mk4 on January 17, 2022, 09:36:00 AM

Price increase = adoption!

Price drop = MANIPULATION!!1! Angry

Agree with you. Emotional reactions from people who don't have enough experience in Bitcoin market. They said it because they don't have experience and only look at short term movements.

Manipulations are everywhere, in every market as well as ups and downs. Market can not rise forever and if it is a good market, downs are vitamins for healthy growth. Fortunately, we have a healthy Bitcoin network and Bitcoin market.

bitzizzix

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Quote from: Slow death on January 17, 2022, 07:12:02 PM

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

Such a huge volatility means big players are manipulating bitcoin.

no one is manipulating the market, it happens that like every market when people are already profitable they simply sell, this is normal. we cannot expect everyone to do hodl, there are hundreds of people who bought at 30,000$ and as soon as the price reached 60,000$ they started selling and are selling even now and will probably buy when the price is lower (if it is more low, something I don't believe happens)

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

So is that good for motivating other countries to make it legal tender as currency?

this volatility does not prevent countries from adopting bitcoin

I agree, and there's no denying that everyone treats bitcoin that way, buying when the price is low and selling when the price is up and it's profitable and that makes the price of bitcoin go down because of the sell-off after a new high.
and it's normal it will continue to happen every time ATH happens because a lot of people are profiting and everyone is a whale the difference is the big whale and the little whale, and it will probably happen again because now is the perfect time to make buy and hold until a new high is reached and sell.
and that is the occurrence of unavoidable volatility.

sheenshane

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Quote from: mk4 on January 17, 2022, 10:01:40 AM

But yea, as the marketcrap increases, it's just going to get harder and harder.

This is the reason Bitcoin becomes harder to manipulate when the market cap increases too much and keeps it going, it becomes harder and harder to manipulate and I tend to agree with your statement. I believe Bitcoin can be still manipulated but in a different way like spreading FUD or other bad news in social media that turn people to become panic selling.

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

So is that good for motivating other countries to make it legal tender as currency?

Those countries that have been done adopting Bitcoin are already having dip research and I think they found out that there's a potential in investing in Bitcoin because not only 1-2 countries now have been doing this, there are few of them which means each of them saw a brighter future embracing Bitcoin.

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Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

Such a huge volatility means big players are manipulating bitcoin.

no one is manipulating the market, it happens that like every market when people are already profitable they simply sell, this is normal. we cannot expect everyone to do hodl, there are hundreds of people who bought at 30,000$ and as soon as the price reached 60,000$ they started selling and are selling even now and will probably buy when the price is lower (if it is more low, something I don't believe happens)

Quote from: jashbir67 on January 17, 2022, 08:43:37 AM

So is that good for motivating other countries to make it legal tender as currency?

this volatility does not prevent countries from adopting bitcoin

aoluain

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We have to remember that Bitcoin is decentralised so I'm sure there are trades
happening which cannot happen in traditional markets. Whale manipulation
has always been present in the Bitcoin markets, its not a new thing so thats not
going to dissuade people or countries from getting into Bitcoin.

Whale manipulation is nothing to be worried about if you are a HODLer and
they can only manipulate to a certain degree.

maggiewu

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Now BTC 42K, already can properly buy, 38K can buy a lot, 70K will come once again, it is recommended to sell 65K. Because you can never get 30K

Topic: Growth of Bitcoin? - page 2. (Read 556 times)