Latest Bitcoin market trend - Looks like the Bitcoin Whales are losing momentum - page 2.

raven7886

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Quote from: mersal on March 20, 2019, 11:32:02 PM

nothing will continue to stable here for a long time and its Momentum was changed due to a lots of reasons because that renders always been very short period of time we need to adapt yourself for the trend and make it useful this will be the thing that everyone should understand while the price was being high and low.

I don’t think it is good to adjust our mind to this type of volatile market, if every believer of crypto currency keeps doing this, what input have we then made to the success of cryptocurrency and what will we pass to next generation.

When Satoshi created the bitcoins, what he purposely created was a system of payment that will become very stable in near future for everyone to use and also hold as digital asset but look at what we have all turned it to now, only means of using it to make profit, if we keep with this trend, how will the purpose of the system be established and how are we going to also pass positive information to the government about Bitcoin.

fauzan Ichsan

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Quote from: webtricks on March 21, 2019, 01:46:59 PM

Quote from: Kakmakr on March 19, 2019, 01:48:37 AM

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again.

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. Grin

Do you see this same pattern or am I imagining this?

I think the ongoing bitcoin fluctuations are too small to be called the manipulated ones. In last one month, Bitoin price remained in the range of $3.7K to $4.2K. So with the range of $500, it's too risky to do any kind of shorting.
No doubt most of the cryptocurrency market is manipulated by whales and bots but present scenario doesn't show that. Also by reading chart, it is hard to tell any kind of continuous pattern. So it is due to natural market movements and traders in large are buying/selling with increase/decrease in price thus nullifying any kind of huge surge or fall presently.

right, knowing risk becomes very important so we can think logically. for now, I think it's a good start for bitcoin, because yesterday it broke the price of $ 4000, hopefully this is a sign of a good time to invest

1Referee

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Quote from: Kakmakr on March 19, 2019, 01:48:37 AM

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum.

I'm not so sure of that. Every well thinking Bitcoiner has utilized the boom and bust cycles to acquire more Bitcoin. In that regard, I would like to say that whales have become wealthier and more powerful than ever before.

Average people on the other hand are as stupid as they have always been; they continuously buy and sell at the wrong moments, and whales know how to make them buy and sell at the wrong times. Bitcoin's wealth distribution is way worse than fiat's wealth distribution, and it's only going to be worse because most people are straight gamblers and don't care about its decentralized nature.

People who value Bitcoin do everything to acquire more. They will get people's coins cheaply and sell them back to them way higher, to then repeat this whole cycle.

webtricks

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Quote from: Kakmakr on March 19, 2019, 01:48:37 AM

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again.

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. Grin

Do you see this same pattern or am I imagining this?

I think the ongoing bitcoin fluctuations are too small to be called the manipulated ones. In last one month, Bitoin price remained in the range of $3.7K to $4.2K. So with the range of $500, it's too risky to do any kind of shorting.
No doubt most of the cryptocurrency market is manipulated by whales and bots but present scenario doesn't show that. Also by reading chart, it is hard to tell any kind of continuous pattern. So it is due to natural market movements and traders in large are buying/selling with increase/decrease in price thus nullifying any kind of huge surge or fall presently.

daarul50

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I also think the same thing about bitcoin whales will continue to decline as time goes on and I hope the pope will no longer be in charge of the bitcoin movement they can manipulate in various markets. Everyone is fed up with their games so people are smart to collect bitcoin until they get the next highest price.

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Quote from: Kakmakr on March 19, 2019, 01:48:37 AM

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again

I think you should redefine "momentum"

As it is the market in general which can lose momentum. Whales can lose incentive or interest, they can't lose momentum because they are whales, i.e. they have enough dough to move the price in either direction (or even in just one direction), as per definition. Otherwise, they wouldn't be whales, right? In this day and age (in cryptocurrency terms, of course), whales seem to be more interested in altcoins since Bitcoin is pretty well established by now and trying to speculate with it may backfire and burn their fingers (and fins)

r1s2g3

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I think current price is motivating the individuals to accumulate more bitcoins as it is attractive entry point. I also think whales already accumulated too much and they might now working/motivating others to acquire now and themselves keeping their balance stable.
It is just my thoughts.

mersal

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Quote from: Kakmakr on March 19, 2019, 01:48:37 AM

Ok, this is only my own observation, but I think it might be very accurate if you are looking at the more recent Bitcoin price trends. We all know that Bitcoin whales are still manipulating the Bitcoin price.

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again.

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. Grin

Do you see this same pattern or am I imagining this?

nothing will continue to stable here for a long time and its Momentum was changed due to a lots of reasons because that renders always been very short period of time we need to adapt yourself for the trend and make it useful this will be the thing that everyone should understand while the price was being high and low.

jambul_kribo

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Quote from: awik p on March 20, 2019, 09:28:01 PM

Quote from: alisafidel58 on March 20, 2019, 11:19:09 AM

Quote from: dothebeats on March 20, 2019, 01:55:39 AM

Same scenario happened back in 2016 wherein people were playing $200-$300 profit margins until we broke the previous ATH of November 2013, and from that point forward, it seems that bitcoin was an unstoppable force and it just broke a lot of records that no one ever thought were possible. Oftentimes, this back-and-forth between the highs and the lows of the range are somewhat becoming the precursor for crazy gains because we know that people are silently accumulating in the background. I could be wrong and my knowledge is limited about the matter but this is just late 2016 starting all over.

This is so true, you forgot the mention what happened last 2017. It was a hell of a ride and a lot of people thought that the run would never end but it came to a stop. Still, it was a good run for Bitcoin and people are looking forward to that scenario to happen again.

which is the core, maybe at this time like the condition of 2016, where we seem to start from the beginning, of course after that 2017 is a good year, hopefully it won't take a long time the pump will happen again

that's good opinion dude.after we run on long bearish trend, everything in cryptocurrency market start from the beginning again.and at this moment we trying to make new investors interested about benefit investing in this market.hopefully after bearish trend over we will repeat the history hit new all time high.

awik p

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Quote from: alisafidel58 on March 20, 2019, 11:19:09 AM

Quote from: dothebeats on March 20, 2019, 01:55:39 AM

Same scenario happened back in 2016 wherein people were playing $200-$300 profit margins until we broke the previous ATH of November 2013, and from that point forward, it seems that bitcoin was an unstoppable force and it just broke a lot of records that no one ever thought were possible. Oftentimes, this back-and-forth between the highs and the lows of the range are somewhat becoming the precursor for crazy gains because we know that people are silently accumulating in the background. I could be wrong and my knowledge is limited about the matter but this is just late 2016 starting all over.

This is so true, you forgot the mention what happened last 2017. It was a hell of a ride and a lot of people thought that the run would never end but it came to a stop. Still, it was a good run for Bitcoin and people are looking forward to that scenario to happen again.

which is the core, maybe at this time like the condition of 2016, where we seem to start from the beginning, of course after that 2017 is a good year, hopefully it won't take a long time the pump will happen again

n0ne

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Quote from: alisafidel58 on March 20, 2019, 11:19:09 AM

Quote from: dothebeats on March 20, 2019, 01:55:39 AM

Same scenario happened back in 2016 wherein people were playing $200-$300 profit margins until we broke the previous ATH of November 2013, and from that point forward, it seems that bitcoin was an unstoppable force and it just broke a lot of records that no one ever thought were possible. Oftentimes, this back-and-forth between the highs and the lows of the range are somewhat becoming the precursor for crazy gains because we know that people are silently accumulating in the background. I could be wrong and my knowledge is limited about the matter but this is just late 2016 starting all over.

This is so true, you forgot the mention what happened last 2017. It was a hell of a ride and a lot of people thought that the run would never end but it came to a stop. Still, it was a good run for Bitcoin and people are looking forward to that scenario to happen again.

Back then botcoiners get into panic selling once they experience some downfall in value. This increased a lot after the sudden drop in price of bitcoin, by which it was predicted to grow much higher in value. The same gave the understanding about the market and now there won't be much reaction felt when there is unexpected price fall. As said above people have known about it, and were into accumulation of bitcoin focusing the future.

gowobonyok

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yes, they actually expect an increase of up to $ 5,000 more and start selling, but in fact it's still stuck at $ 4000. I think they really don't get the profit according to plan, while to buy again, the price of bitcoin hasn't dropped yet.

rosmerius

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I appreciate your predictions or observations, even though whales lose momentum, but they also seem to think long to be more careful in this game. So if you can see this game then thirst can take the opportunity and can learn its tracks well.

alisafidel58

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Quote from: dothebeats on March 20, 2019, 01:55:39 AM

Same scenario happened back in 2016 wherein people were playing $200-$300 profit margins until we broke the previous ATH of November 2013, and from that point forward, it seems that bitcoin was an unstoppable force and it just broke a lot of records that no one ever thought were possible. Oftentimes, this back-and-forth between the highs and the lows of the range are somewhat becoming the precursor for crazy gains because we know that people are silently accumulating in the background. I could be wrong and my knowledge is limited about the matter but this is just late 2016 starting all over.

This is so true, you forgot the mention what happened last 2017. It was a hell of a ride and a lot of people thought that the run would never end but it came to a stop. Still, it was a good run for Bitcoin and people are looking forward to that scenario to happen again.

dothebeats

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Same scenario happened back in 2016 wherein people were playing $200-$300 profit margins until we broke the previous ATH of November 2013, and from that point forward, it seems that bitcoin was an unstoppable force and it just broke a lot of records that no one ever thought were possible. Oftentimes, this back-and-forth between the highs and the lows of the range are somewhat becoming the precursor for crazy gains because we know that people are silently accumulating in the background. I could be wrong and my knowledge is limited about the matter but this is just late 2016 starting all over.

Kakmakr

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Quote from: BrewMaster on March 19, 2019, 10:14:16 AM

i am not sure about the more bitcoin being distributed out of the whale's pockets into the pockets of other regular "fish" in the market but i know this, whales also run out of money at some point and then they can no longer accumulate bitcoin. also i know that many of them are also altcoin traders who are currently pumping shitcoins with low market cap which you can find if you look at the bottoms of the lists on CMC. which is another sign that they are getting ready for the rocket launch.

I also noticed that, but people are so focussed on Bitcoin that they forget about the smaller Alt coins. It is much easier to pump a low priced shitcoin and get profit to buy more bitcoins these days, because a sucker is born every day. Roll Eyes

Thank you for your post, it puts a new spin on this debate. We should also monitor the Shitcoin pumping for indicators on where the Whales are moving with their push. Cool

rizkyhiw

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Quote from: Kakmakr on March 19, 2019, 01:48:37 AM

Ok, this is only my own observation, but I think it might be very accurate if you are looking at the more recent Bitcoin price trends. We all know that Bitcoin whales are still manipulating the Bitcoin price.

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again.

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. Grin

Do you see this same pattern or am I imagining this?

The Pope also has a very good calculation for taking very good momentum and in my own mind there is not too much whale contribution to the market now because it can be called a natural rise from various people, there is not too much evidence that it is manipulation because this is an understanding itself and without deep logic, review and maybe the market must move like this to gradually increase again.

BrewMaster

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i am not sure about the more bitcoin being distributed out of the whale's pockets into the pockets of other regular "fish" in the market but i know this, whales also run out of money at some point and then they can no longer accumulate bitcoin. also i know that many of them are also altcoin traders who are currently pumping shitcoins with low market cap which you can find if you look at the bottoms of the lists on CMC. which is another sign that they are getting ready for the rocket launch.

ranman09

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Quote from: avikz on March 19, 2019, 07:51:40 AM

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If I look at the pricing data of bitcoin from coinmarketcap for last one month starting from 17th Feb, 2019. The highest price that bitcoin market achieved is $4,210 and stabilizing at around $4,000 range. That gap is simply not lucrative enough for whales. If the price stabilizes, they are supposed to loose the momentum.

That is still about a 5% gain in range. That can still be maximized to make the profit lucrative. Though I know it might be dangerous for them, they still hold chunks so I don't think it will be a big problem for them.

BitHodler

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Quote from: avikz on March 19, 2019, 07:51:40 AM

If I look at the pricing data of bitcoin from coinmarketcap for last one month starting from 17th Feb, 2019. The highest price that bitcoin market achieved is $4,210 and stabilizing at around $4,000 range. That gap is simply not lucrative enough for whales. If the price stabilizes, they are supposed to loose the momentum.

Institutions are patient with how markets move. It could very well be that they don't mind the current range at all, while those who are here staring at the price all day don't know what to do anymore.

Don't forget that trades can be leveraged, so even the very small range we're in can be highly profitable. The difference is that people here need a super wide range in order to trade, while institutions and other pros are happy scalpers.

Why trigger a potential dump by testing resistance levels? For the time being it's more lucrative for smaller trades to take place continuously. Not sure how much longer this bear market will last, but prepare for more of the same.

Topic: Latest Bitcoin market trend - Looks like the Bitcoin Whales are losing momentum - page 2. (Read 535 times)