Topic: Were Banks and Governments behind this Dump? - page 3. (Read 570 times)

Banks and Government doesn’t have any major Bitcoin holding for them to dump the price. The real culprit here are those people who panic sell as well as those whale traders that taking profit.

The current dip is not a major concern since we experience worst than that with a valid reason for dump while the current dump is just due to speculation wothout any solid proof that it’s the real cause. This dump will not happened if everyone will just hold since the government can’t dump the price because they don’t hold the majority of the Bitcoin supply.

Thank-you Elon, I now can add more at a cheaper price! Blending down my avg cost!

It's just OP's opinion and he's exaggerating bitcoin too much. In fact, many governments are showing interest in bitcoin as well as the crypto industry, even bringing it up for discussion in parliament. But what they're discussing is finding a way to control it, tax us, not enter the market and manipulate it. You are right, they don't have time to do such silly things while they have thousands of problems to solve as you mentioned. OP's imagination is amazing  .

I saw that OP has no single proof or article reference to back up your opinion, so you are not very convincing about this. What bugged me is that right now government has so many more important problems than dumping Bitcoin, low employment, inflation, recession .etc, and dumping Bitcoin won't help them.  

The more possible explanation IMO is that some people who speculate on Bitcoin because it's halving were not satisfied with the market condition until the Q3 and they don't want to speculate further, afraid if they would loss more money on the Q4.

I anticipated a discussion about the recent forum post, but I'm doubtful about the accuracy of most replies. I believe experienced traders should anticipate price corrections to assess and gauge market trends. Another correction might occur, and the strategy for large investors would likely remain consistent.

That's right, Yesterday the market crash and seen from the decline in the price of Bitcoin it has illustrated the situation of uncertainty in the crypto market as a whole. Now, what needs to be watched out for is the Continued BTC Correction, whether we are investing here or investors and traders are carefully monitoring its movements and facing downward pressure, with concerns about a potential decline below US$19,500 the most dominant and clear being speculative trading.

I do believe too that interest rate is the key player in this recent dump,  raising the rate simply means making the dollar stronger, and obviously, any currency or asset that is trading against the USD will suffer the pain, Elon Musk on his side might have seen reason to sell and selling such huge amount of Bitcoin at the time will definitely cause more pain and dump the price.

Thank-you Elon, I now can add more at a cheaper price! Blending down my avg cost!

Trying to predict the fluctuations in bitcoin is a bit like trying to predict the wind. You might be able to take an educated guess at some of the motivations behind the move, but the mass market movements taking place can often snowball by themselves, if people see a lot of profit taking then they are more inclined to join in before it slips away to zero or even negative equity. The stock markets around the world are dipping at the moment, and it's a big shock to see the biggest property companies in China currently struggling - they are a leading indicator that something is going very wrong in the Chinese economy right now and they are essentially the factory of the world.

Banks and Government doesn’t have any major Bitcoin holding for them to dump the price. The real culprit here are those people who panic sell as well as those whale traders that taking profit.

The current dip is not a major concern since we experience worst than that with a valid reason for dump while the current dump is just due to speculation wothout any solid proof that it’s the real cause. This dump will not happened if everyone will just hold since the government can’t dump the price because they don’t hold the majority of the Bitcoin supply.

Here is what I was thinking about the current situation of the market. I know I am going to talk about BTC but somehow things will be moving toward governments so I thought this section would be good to make this post. It's based on my assumptions and could be proved right if one is able to provide some tools to back my assumptions with stats.

The market was dumped due to 5 reasons, which are as follows:

• SpaceX sold BTC unofficially means there is still some confusion about it but they need not answer us that either they have sold or not because it is an open market.
• The surge in high-interest rates.
• High increment in Bond yeild
• ETH ETF just got a green light after this dump ETH went around $1500 which provided BTC whales a chance to collect some ETH too because this greenlight of ETF will take ETH to new heights.
• Devalutaion of Chinese Yuan

Source

The thing is, I think the government tried to manipulate the market like first they increased the interest rates recently just before this dump like a few days ago and after that, there was an increase in Yield bonds means more people are giving their money to Governemnts in exchange of getting a fixed return and they are for sure. And banks are now giving the same money back to those who are in need now after this dump for example those who wanted to take some entry and those who lost all of it because according to analysis the liquidation amount that was gone in this dump was more than the one liquidated in FTX. (source). The point is the same governments are now giving that money borrowed from other people to the needy ones with huge interest rates and I think if that's the case then interest rates will increase more.

Plus a few days back I also heard the Chinese Yuan was losing its value and the Netherlands was going into stage inflation and such news is just to put more pressure on holders and traders of BTC. Which it really did. Now those who have lost everything will turn towards banks for borrowing money and that money will have more interest rates on them means the borrowers have to pay more interest rates.

It's a win-win from all angles for banks and governments. Now the question is, how did they manage to make it work if they are really behind it. Or I might be wrong here because every picture has different stories for each viewer of it so what are your stories about this situation? Is it real or manipulated to fill bags? Not to mention why did SpaceX sell those amounts of BTC when they don't have to? We all know that Elon is a person of money who always follow the money and how he would sell the reaming amount of BTC which is all SpaceX has according to the wall street journal.

Banks and Government doesn’t have any major Bitcoin holding for them to dump the price. The real culprit here are those people who panic sell as well as those whale traders that taking profit.

The current dip is not a major concern since we experience worst than that with a valid reason for dump while the current dump is just due to speculation wothout any solid proof that it’s the real cause. This dump will not happened if everyone will just hold since the government can’t dump the price because they don’t hold the majority of the Bitcoin supply.