When people say whales are "suppressing the price" it's usually because their investment is underwater and they're looking for someone to blame. I've been trading these markets for years and I'm skeptical of any claims about notable manipulation.
This selloff was just "markets being markets." We unfortunately haven't been able to shake off the bear momentum yet.
This selloff was just "markets being markets." We unfortunately haven't been able to shake off the bear momentum yet.
Strongly support and agree with this view. It may look as if markets were being manipulated while it is just the majority of people losing their money as they have been losing it in every other market in existence . The market for Bitcoin and cryptocurrencies was different as it was only nascent. In this fashion, many wannabe traders were able to make profits the size of which was the subject of envy of every professional trader and investor out there (think Jamie Dimon here). And by professional I mean truly professional folks like Buffett or Soros, not some self-proclaimed experts and gurus of trading on bitcointalk.
These days seem to be over by now.