Quote from: Shenzou on June 23, 2021, 07:26:42 PM

Quote from: Gcrypto786 on June 21, 2021, 06:49:39 AM

Greeting BT Users,

As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.

Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.

Any expert can explain the reason behind those huge pump and dumped of BTC?

You really don't need an expert to tell you what really happened, you have big investors like Elon Musk and his companies investing billions of dollars into bitcoin, and that created so much hype and excitement in the community that made so many people invest more and that drove then price up, and than he suddenly drops out because of environmental problems caused by mining, and china actually taking serious measures against bitcoin miners and the panic that all of that caused so many people to sell that drove the price down.

The market had always been like this on where we do already experiencing some good run then here goes with those issues that do just pop out from nowhere.

Is this something new that we had seen on this market?No its not and its been part of the market where these fuds and events do really happen along the way.

The idea of manipulation is something obvious and we could even tell in our very own eyes on how things been going but we cant do anything about it
as big players would really stepped into the game.