Topic: yesterday's drop in prices, was it natural or man made? - page 3. (Read 384 times)
I think the price drop that we witnessed recently is due to the fact thst most people were either holding bitcoin up until the official launch of bitcoin as a leagel tender in Salvador in hopes that the price would reach high values because of it so they started selling after it, or they were waiting for it to reach the 50k mark and when it started falling everyone started selling to take thier profit.
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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?
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?
First of all this is normal in crypto. But behind these scenarios there are some reasons always. This time as I heard the reason was a bad news from coinbase.
source: https://t.me/tradingcryptocoach/29186
People are talking about this. But don't know the real reason though.
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?
its normal situation mate because the bull run is finished, wherein it's time for the the downtrend, and of course its man made because everyone( traders) now is dumping to prevent losses from the new situation of the market , but no need to worry mate, just wait until it found the new support level because surely it will gradually gaining strength to climb up again.. It takes how many day so you should wait mate.. Don't worry because fyi that's how these market works ever since before . 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?
Definitely whales action. Correction do not happen with such strong / sharp drop in market capitalisation and thus the value. The first thing first, bitcoin crossed 50k for this reason only and it was just FOMO kinda plot so that everyone can start thinking that it is next level ATH thing. However it turns out it wasn’t that kinda pump after all. Now that whoever planned this pump is satisfied with the value and might have sold millions altogether. Naturally all the altcoins will always follow which we have seen the case all the time.
I am not surprised nor curious as to why this dump? Since this has happened so many times and since we know the volatility process of crypto one should not be worried about it.
I am not surprised nor curious as to why this dump? Since this has happened so many times and since we know the volatility process of crypto one should not be worried about it.
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 was just a circumstance of correction which was because of consistent increase of the price of bitcoin. So it was natural to happen and can be managed also. For a hodler who is able to foresee the drop, the best would have been to sell out outrightly or to convert the btc into USDT and with that you won't have the lose experience. USDT and other stable coins are best use for such kind of predicted drop.
Man made, it was a rather sharp drop after all, and a bunch of other traders followed suite, whether it be through stop loss or panic selling, they all joined it since it was a rather abrupt drop. It wasn't really anything big imo, it managed to stop itself before dropping even more after all. Still it was kind of expected since the market always does a pump or a dump, difference is, this one just wasn't gradual which is how it usually is, except when it's a bubble I think. I don't even think it was a single force that managed to do it, it's mostly different forces imo that did that and the rest just followed suit.
The market drops shouldn't be away of panicking as it's normal and that is what makes it crypto, the market can never be on a long run so most time it went high and low though some may be likely to a news reflection. As a trader set out a stop loss and sell limit to guide your funds.
yesterday's drop in prices, was it natural or man made?
I wonder how a drop or a jump that is not "man made" but natural would look in your opinion.
How could anything related to a market that is, despite its bots and trading algorithms, still completely run by humans who make the decisions how and when and where to trade and at what prices considered natural?
Yes, it was just as man-made as the jump from 30k to 52k, the fact that you want to categorize that one as natural and this one as some evil forces forcing their will against you is simply subjective.
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?
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?
As a crypto enthusiast for years, this is normal. There are a lot of flash crash events happened in the past and we just have to get over it. You know why? Because cryptocurrency prices are unpredictable. You may not know when it will pump or dump, coz' it can happy at any time without warning. Not even the so-called experts are perfect in their technical analysis, as their predictions aren't accurate at all. Newbies might think it is man-made, but that's the way crypto works naturally. Pumps and dumps are normal in the world of crypto and you gotta deal with it.
As this is considered a high risk investment, always DYOR and just invest an amount that you can afford to lose or treating it as "dead money".
Get used to it.
Every time bitcoin pumps as high as it can be, don't forget that it has an equal reaction and that's a dump that's about to come.
It's normal.
Every time bitcoin pumps as high as it can be, don't forget that it has an equal reaction and that's a dump that's about to come.
It's normal.
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?
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?
I think this is a natural thing experienced by the market at this time because usually the market will experience a temporary correction after a rebound caused by selling actions taken by some investors to take profits and this is certainly very often experienced by the market. So now you don't need to panic because this is a temporary correction and will recover soon.
Man made in a way that retail traders were over-leveraged; and to add to that, stop losses getting triggered left and right à la domino effect.
Here's a good Twitter thread by Sam Trabucco(a trader in a quant trading firm): https://twitter.com/AlamedaTrabucco/status/1435423571531108355
Here's a good Twitter thread by Sam Trabucco(a trader in a quant trading firm): https://twitter.com/AlamedaTrabucco/status/1435423571531108355
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.
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?
if you have been in this forum for long time , you will find this as normal scenario everytime there is a Pump and this is what you called correction mate.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?
some of those who invest when the price is at 30k level had taken their profit by selling all their coins and wait for the dump and here it is happening.
then they will re enter and make the pump again.
and another scenario is that this is the correction for the long awaited bull run.
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?
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?
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