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Bitcoin manipulation? - Is it being held down by Whales?



Bitcoin has had a difficult time in the past few weeks. Several sharp crashes frustrated investors who had bet on massive increases in value in November and December. In this climate, rumors keep coming up as to whether the Bitcoin has been manipulated. Is Bitcoin manipulation a reality or just a fairy tale?

Again and again crashes: Bitcoin manipulation the reason?

In the last few weeks, some hopeful days have been repeatedly followed by disappointment. Bitcoin repeatedly lost value massively within a few hours, so that an outbreak of the correction was abruptly stopped. The "highlight" was the massive crash on "Black Friday", in which Bitcoin even fell below $ 54,000 within a few hours.

The nature of these crashes leaves many investors in despair. With the extended correction, some prognoses are now also obsolete. Theories quickly emerged that Bitcoin could have been manipulated on purpose. Bitcoin manipulation would have led to the recurring price crashes.

Bitcoin manipulation: what are the allegations?

Bitcoin manipulation has not only been in the room for the last few weeks. Again and again, a few small investors suspected that larger Bitcoin investors were manipulating the price on purpose. But in 2021 in particular, the frequency of these accusations will increase. Especially due to the increasing number of large institutional investors such as big banks, insurance cartels and fund companies, more and more rumors emerged.

The scandal surrounding r / wallstreetbets and the explosion of GameStop shares at the beginning of the year caused distrust of the big players in the financial world to rise, especially among small investors. These large investors, also known as Bitcoin whales, are accused of manipulating Bitcoin through entanglements with governments and central banks. 

Certain voices from the crypto world claim that the Bitcoin ban in China was also driven by the interests of major investors. But most of them don't go that far into the conspiracy corner. However, there are more and more allegations that large Bitcoin whales are selling large amounts of Bitcoins in a coordinated manner for manipulation in order to lower prices and then accumulate coins again cheaply. 

Are the allegations realistic?

There is no evidence of any specific manipulation of Bitcoin. You should therefore be careful not to present these possible manipulations as facts. A healthy distrust of large financial institutions is the nature of the Bitcoin community. Such theories will therefore continue to exist in the future.

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