yesterday's drop in prices, was it natural or man made? - page 2.

Rengga Jati

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Quote from: a298b112 on September 08, 2021, 03:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

It is actually often happening in the crypto world, the price of Bitcoin suddenly drops very significantly. And yeah, I personally think also that it is not natural.
That is about man-made or market manipulation done by certain parties.
Moreover, we know that El Salvador at that time announced that they want to buy many Bitcoins.
It should be rising when the demand is high.
But in fact, it was dropped.
Of course, there are certain interests from certain parties.
Moreover, there was also some bad news coming alongside that big announcement.

Hippocrypto

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Quote from: a298b112 on September 08, 2021, 03:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

It made me think a short while, whether man made or natural that doesn't matter because having human instinct seeing that price went too high lately of course selling would be a good options. We can't stop that situation, once there's a pump! possible downturn would come to existence.

Zilon

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It's just a normal incident getting use to market fluctuation will get you prepared real good. As long as trading is concerned you will keep seeing more dips so it's your personal strategy that would help you remain in profit despite the moves be it bullish or bearish

From my observation for a new ATH to form it takes a very long retracement. For now I don't panic when ever bitcoin experiences bearish trend I buy the dip and wait to take profit once there is a correction

dunfida

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Quote from: a298b112 on September 08, 2021, 03:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

Who knows?

There are no other reasons either;

-Whales
-Big institutions
-Casual retail traders

If you do engage into this market then prepare yourself on something like this and dont get be too surprised.
Instead of freaking out then it is much better if you do mind off on how to get in and buy cheaper coins because recovery is inevitable.

blockman

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Quote from: john_nautica on September 09, 2021, 02:32:45 AM

Of course it's a man made, there's no way that it would change without automatically or probably you would be thinking about bots? there's a possibility the market do it's correction. Many people think it's bad because the price crash but in reality correction is a natural thing and healthy to the market.

Man-made in a manner because we're the ones that move the market but technically, it's natural to see a drop in the price of cryptocurrencies. You name it, bitcoin, ethereum, and other common altcoins and all of them. Talking about bots, many exchanges have a lot of bots and there's a classification with all of them. As you've said that it's the market that did the correction and it really comes when the market has already been overbought and expect that a dump might really come.

SirLancelot

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Quote from: a298b112 on September 08, 2021, 03:27:24 AM

Now the question is, is it a natural process or there are some people behind this drop?

Technically speaking, any movement in the crypto market or maybe any type of market actually happens because of some people. Not always those people intentionally manipulate the market though and sometimes it's a result of a particular trend or domino effect. Once the price starts falling everyone just tries to secure their portfolio by selling which is simply what I mean by a domino effect.

Quote from: a298b112 on September 08, 2021, 03:27:24 AM

Can we assume that there are forces who can 'manage' the market like yesterday?

There might be such forces or whales as we usually refer them to, but there is no proof or solid evidence that can support such claims. Influencers obviously manipulate the market but there must be some whales who do the same behind the scenes and through brute high capital investment.

slaman29

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Quote from: ?? on ??

Actually 07 September We have lost a lot in the way the market has been dumped. I was in Future Trading at the time and I lost a lot and got liquidated.In fact, all the markets are dumping without any bad news.As far as I know, there was good news everywhere. Even after that the market has been dumping so much that we have cried a lot. But I don't think it's made from bad news.And it is not natural for the market to be so dumped.

Nah, it's fine. 10%+ dumps and pumps are all part of the journey and was probably long delayed already. The good news is the dump didn't push a further dump and 45k although broken was quickly mended and looks like the strong support it has been for weeks.

I didn't cry at all in this dump:)

Mr.Scott

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Quote from: death69 on September 08, 2021, 12:32:44 PM

It is both natural and man-made. Bitcoin has gone crazy for many days and thus, institutional investors or whales have taken profit so as to buy cheap coin. I have seen this kind of charts for many times. At the moment, coins are being collected and accumulated. Soon, everything will be back to normal because of the powerful current uptrend

Crypto market is so much volatile, however the money control the markets. The biggest manipulation is from the exchanges and whales. They can undoubtedly control the market, just they need your cash. A sad story! You need to do more research on the cycles of markets. Eventually the market will be getting normal, however market control things will not be changed.

ultrloa

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Quote from: john_nautica on September 09, 2021, 02:32:45 AM

Of course it's a man made, there's no way that it would change without automatically or probably you would be thinking about bots? there's a possibility the market do it's correction. Many people think it's bad because the price crash but in reality correction is a natural thing and healthy to the market.

Fuds spreading all over and it add up to fuel up those panic sellers to sell what they have for afraid losing more without even thinking that bitcoin will bounce back after the storm, Actually its proven for so many times that correction happen so I think this should be a indicator for other who always get panic for the movement to be calm if there's something like this will come again in future and realize that they are the one only losing if they drop immediately once they already feel the dump is coming.

john_nautica

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Of course it's a man made, there's no way that it would change without automatically or probably you would be thinking about bots? there's a possibility the market do it's correction. Many people think it's bad because the price crash but in reality correction is a natural thing and healthy to the market.

a298b112

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OP is here.
Few thoughts on this.

Terminology. By 'natural' I meant 'natural correction' and 'man made' means manipulation. Let's put this way.

I understand that crypto is very volatile market, however, the sharp fall is somehow doesn't look to be natural correction. Of course, many said the market will recover, and I agree with that. But I suspect that there might be some group of people or organizations who could have enough resources to manipulate the price of BTC. The other day I was walking and was listening one of crypto podcasts (don't remember which one) and they were saying that now 70% of trading is done by institutions. I assume they were talking about some kind of asset management or investment companies. And I guess there might be couple of them with big share of BTC. If an exchange's 24h BTC volume is about 3000 BTCs, how much BTC you need to manipulate the price on that exchange? Maybe 10%, or 20% is enough to drove the price down, and buy even more BTCs.

I mean this sounds like conspiracy theory, however, the abrupt and sharp fall of the BTC price is not natural. What do you think?

huu78

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This is something normal and this can be called a correction. Without market correction there will be no changes or movements that are different from before. You won't see new Ath or big changes without a market correction.

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Quote from: death69 on September 08, 2021, 12:32:44 PM

It is both natural and man-made. Bitcoin has gone crazy for many days and thus, institutional investors or whales have taken profit so as to buy cheap coin. I have seen this kind of charts for many times. At the moment, coins are being collected and accumulated. Soon, everything will be back to normal because of the powerful current uptrend

Constitutional investors and whales manipulate to increase their profits. The manipulation they do will certainly have an effect on the bitcoin market. They have a lot of money and are able to manipulate well. Manipulation is not just price, but some good news and bad news they also control. we as ordinary traders just need to follow them, do not go against the direction.

el kaka22

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Definitely man made, without a doubt. When the market crashes all by itself, it takes days to crash, or even hours at least, but this didn't even take a full hour. It was 52k dollars and in less than an hour it was under 47k, even bottomed at 42k for a second there but recovered very quickly above 47k. So it was obvious that it was the whales that wanted to see bitcoin crash, nothing more. The reason is obvious, they can't let a nation take bitcoin as legal tender, if they do that then they would have to accept that bitcoin is reaching to currency levels, not just investment but currency levels.

I remember reading about some super rich person asking how to get bitcoins and his broker suggested some combination of stocks of some companies that are holding bitcoin as a suggestion. Think about it for a second, if bitcoin becomes a currency and personally buyable, then ALL OF WALL STREET goes bankrupt, why would anyone need them? Just do it yourself.

suboo112123

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Quote from: NeuroticFish on September 08, 2021, 04:08:17 AM

Quote from: a298b112 on September 08, 2021, 03:27:24 AM

Can we assume that there are forces who can 'manage' the market like yesterday?

I think that it was "man made". I'd say that it has happened before too when - for certain events - peoples' expectations got fast too big.
This El Salvador story together with the great rise for the last 7-8 days have created a perfect storm we were too enthusiastic to see.

The result was:
* some actors dumping to move the price down
* possibly some actors cashing in their gains for the week to avoid risks
* many traders' stop orders kicking in and moving price even (much) lower

As you see, the bad actors have only started the avalanche, they didn't do all the job. Margin trading and stop orders not under continuous supervision have most probably doing the rest.

However, all this is only a theory. But it's not the first time I see this kind of development.

I agree with you. sometimes this was a man-maid scenario. Most of the technical analyzing methods were shows that the BTC will be up therefor I think that whales came to the market ha ha

death69

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It is both natural and man-made. Bitcoin has gone crazy for many days and thus, institutional investors or whales have taken profit so as to buy cheap coin. I have seen this kind of charts for many times. At the moment, coins are being collected and accumulated. Soon, everything will be back to normal because of the powerful current uptrend

slaman29

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There's no such thing as natural in crypto markets, or any markets for that matter. If demand is more than supply, price goes up. And man is what makes the demand, and what makes the supply. If people sell, price goes down and the other way around. That is logical, not natural. And even if you know what caused the drop, how does it help you after the fact?

sarmrakib

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Quote from: a298b112 on September 08, 2021, 03:27:24 AM

As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

No one can control the market .Its all happen with the buyer and seller .One thing can make an impact here any news .A positive news can make it high to the up and negative will make the blood on the market .However there many news around us on regards crypto specially on btc it is actually play a good role here .However try to follow up the news even you don't want to loose on margin trading .

checkmatesir

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If you are a not a newbie and if you working in trading since a long time ago then it is normal for crypto that's why no one can say anything about the coins that at which price it will rise, as yesterday you had seen that how bitcoin falls and some other coins too that were following the bitcoin and a lot of people had been suffer from it and was being in loss.

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No one can tell, it's a man made nor a natural way that how it moves the market price. I would say, 60% suspected that it was caused by a whale connected to El Salvador's government purchase Bitcoin and whales want to dump it, and possibly they will get Bitcoin at a lower price. As I saw on social media post, El Salvador invested again in Bitcoin half if they had own, it's 200 Bitcoin and now they had 400 Bitcoin total.

However, there are too many factors to be considered and we can't make any conclusion yet since there's no source regarding the reason for the drastic downfall of the entire market leading by Bitcoin. It was expected that there's a drop after the Bitcoin plunge at $52k plus in the market, the opposite possibility will happen is the drop and the result was true which is the fluctuation every now and then.

By the way, I hope you have understood OP.

Topic: yesterday's drop in prices, was it natural or man made? - page 2. (Read 384 times)