Quote from: wozzek23 on May 04, 2018, 05:32:39 AM

Quote from: adolf512 on April 30, 2018, 09:21:03 AM

Quote from: Betwrong on April 30, 2018, 09:05:23 AM

Quote from: boboking on April 12, 2018, 03:50:00 AM

Thank god no one mentioned the manipulation of the whales.

This conspiracy theory is in the forum for quite some time now but no one can provide a single evidence that they are really manipulating the market price.

I also saw one topic about the cartel in futures which seems they just want to spread FUD.

The list you provided is actually great, yes Government decision should also be included because as we saw recently, their decisions really affect the price of the Crypto market.

Actually the whales were mentioned by someone above

, but I agree with you that those conspiracy theories have nothing to do with reality. It surprises me how people can believe in such things. Can't they estimate what would it take to perform such manipulations, taking into account that today's trading volume for BTC is $8.5 billion? While trying to manipulate the price with such a big daily trading volume it is possible to lose $100-$200 million in one day if something goes not as planned. No one would risk such an amount, nor Bitcoin whales, nor fiat billionaires, no one.

Maybe you are right, and it's impossible to influence the price of bitcoin even to a group of people with huge capital, but how to understand the situation that was in December when the cost of bitcoin reached 20,000 dollars in such a short time, and that after a new year such a long decrease, or is it all an Asian new year?))

This is all about the game of whales. These are group of persons with heavy investment in the market. They can be grouped together and have such big potential to up and down the market. These whales have been deciding since the December of last year not to increase the price and hence see the market that is just revolving around a specific amount. They can use their power to do anything.

I agree that whales have great power and influence over the market and prices, but these whales don't have unlimited power. It's even possible where a dump won't have any effect to the market. It's not every time when whales make a dump that the market follows. The market is sometimes stubborn and hard to influence even if whales do have huge amounts of coin within their disposal.

Sir Cross

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