Quote from: Canis Majoris on February 07, 2018, 05:15:02 PM

Quote from: wuvdoll on February 07, 2018, 04:43:05 AM

Quote from: Canis Majoris on February 02, 2018, 12:40:56 PM

Quote from: davis196 on February 02, 2018, 12:21:38 PM

There`s no single manipulator,who is rich and powerfull enough to push the prices down.
There should be a group of big crypto whales and they sell together,forcing the price to go down.When the prices go down,all the small traders start to follow the trend,and eventually the market is manipulated.
Slow and steady decline means small panic.Fast and rapid price crash means big panic.Both scenarios can be created by manipulators.
What do you mean by "artificially bring the prices down to cause panic selling"?

I wouldn't call this decline slow, slow is over weeks but not like today and yesterday. If it wasn't a single manipulator or big whale cashing out, why are the prices going down in this manner? It looks like someone intentionally and deliberately keeps the rate constant to bring it to a point when people think it's over and freak out mindlessly selling their coins. That's what I mean by artificially bringing the prices down to instigate an avalanche-like panic selling. When the prices start crashing on their own.

You think this decline started happening two days ago ?
You need to take a look at the 1 day chart and start counting the candles from when it started showing red, may be you will understand that this started a long time ago.

Just like the OP said, it is always a gradual process, they are whales, they know what they are doing, they come together and then play with emotions of traders to make a pretty good gain from it. Unfortunately, we have a lot of weak hands and traders in crypto, so that makes it even better for them.

I'm the OP, lol. Truth be told, I've been following the price for pretty long. Should I say that I'm kinda day-trader? It was a gradual process which brought the prices down so much without even a chance of a slightest pullback. This was the most frightening thing in the whole business. Believe me I can tell the difference between someone steadily pressing prices down and organic decline or even organic crash, where you can catch pullbacks and reversals every now and then. It was like a smart trader slowly but surely closing a huge position.

At last! Someone can see what I see - thank god for this thread. Does anyone else see the organic growth stop around $6k on the way up? May be $6k IS the organic floor? Another point. is it feasible for people/institutions with very deep pockets to start buying as much BTC as possible thus driving the price up prior to Christmas only to then sell en masse, bringing the price down, ensuring futures contracts execute and keeping the BTC price within a certain range? Or is this too simplistic?