Quote from: BelleFra on October 06, 2019, 05:37:30 PM

Dear All!
How long do you think there will be volatility fluctuation in the market? Do you agree that this is done intentionally and these swings up and down are arranged by those who do it deliberately and trying to redistribute Bitcoins from millions of small holders in the hands of the richest people of the planet?
With Best Regards

Oh yes! It's no secret most of the whales try to manipulate the market to fill their pockets otherwise you could never see such high pumps and dumps. Moreover the sad part is that even our exchanges are pretty much involved in all this as they themselves are paid pretty nicely in all this. This is easier in a deregulated market such as cryptocurrencies. Earlier people used to get caught doing such things in Stocks but cryptocurrencies provide the right amount of volume which one whale can easily manipulate and also provide a nice deregulated platform. I think what everyone is saying about even distribution is true. Bitcoin does becomes evenly distributed for a few days and then a whale makes a pump & Dump to fetch that whole distributed capital back. LOL!

Quote from: kryptqnick on October 06, 2019, 06:11:10 PM

Hi. No, I definitely don't agree with that. Fluctuations are natural, this is how Bitcoin is different from regulated currencies. They can be triggered by some events and then enhanced by panic selling (in case the price is going down) or FOMO (in the opposite case). Moreover, when the price is going down sometimes it's about quite the opposite of what you are talking about. Namely, people are dropping Bitcoin to buy it even cheaper and make the system even more decentralized, allowing small players to join the game. At least, such talks were fairly common back in 2018 when the price was going down. I am not a conspiracies' person, I don't see any good reason to believe in them.

Have a look at orderbook for sometime. You would see a big chunk of order just moving up and down and never being executed until it has snatched the price a lot on either side up or down. I am not saying every exchange is colluded but manipulation is definitely done by people.