Opinion: Wall Street whales skillfully manipulate the market

Wall Street companies successfully manipulate the price of the desired crypto asset in their own interests, conducting active media propaganda to increase or decrease the rate.

People have been discussing the potential of cryptocurrencies ever since the mysterious Satoshi Nakamoto released a nine-page article explaining the new money technology. 

The rapid proliferation of digital assets makes them difficult to ignore even for those at the highest levels of finance and technology.  The high volatility of the crypto market causes justified fears among investors and a desire to understand what is happening.

Serious market changes are often explained by a variety of economic and even political factors. Technical and fundamental analyzes have long become commonplace even for novice crypto traders trying to understand charts and patterns.

But sentiment analysis is often overlooked, despite its enormous influence on price trends. But by creating the right mood among investors, you can easily manipulate their actions, shaping supply and demand.

At first glance, everything is very clear here: when the mood is optimistic, they buy the asset and quickly try to sell it when it is pessimistic.  If enough investors believe that a certain cryptocurrency will begin to grow in the near future (regardless of the real reasons), they will start buying it and the coin will really take off. And vice versa, with mass hysteria around the fall of a crypto asset, they begin to dump it in panic.

These are the principles that many crypto-critics on Wall Street use when predicting the inevitable collapse of this market. As a rule, after their negative statements, prices drop, and whales calmly buy up the desired coin at a good price. 

 • In January 2018, legendary investor George Soros called Bitcoin a “bubble based on a misunderstanding” and caused the price to drop by more than 40% in just 2 weeks. And the Soros fund received permission to trade cryptocurrencies, which it did not hesitate to take advantage of, having well replenished the assets of its owner.

 • In February 2018, the company Goldman Sachspublished an article forecasting that the value of most cryptocurrencies would drop to 0. And we saw the Bitcoin price drop by 27% by the end of the month.. And Goldman Sachs at this time began development of a project for trading Bitcoin.

• November 12, director of JP Morgan Jamie Dimon said that Bitcoin is a fraudulent scheme and dropped the price by 30%. At the same time, the banking giant is in full swing testing a blockchain platform for fast payments and creating a consortium of large banks that are experimenting with the use of “digital” in capital markets, where huge sums are involved. 

Most well-known businessmen work according to a simple scheme: they make loud, revealing statements in the promoted media, and after that they begin to actively buy assets against the backdrop of falling prices. 

Among the most famous critics and at the same time holders of cryptocurrency Rothschild family, family Rockefeller, Wall Street trading legend Steven Cohen, billionaire Mark Lasri, venture capitalist Marc Andreessen, director Goldman Sachs David Solomon. 

Today's bearish sentiment in the market, according to many experts, is caused by precisely such manipulations, which led to a decrease in the price of digital assets. 

If you analyze the downward trend of the November market, what is surprising is not the fact of the price fall itself, but its unusual speed. On November 14, Bitcoin sharply plunged by 10%, and on November 20 – by 20%. Both picks are very reminiscent of a well-thought-out action before major players enter the market.