//Borrowed this from the comment section on Cointelegraph, could it be argued against:

Borrowed this from the comment section on Cointelegraph, could it be argued against:

Cointelegraph comment by: John RichardsonSo who did all the MASSIVE dumping of BTC when it experienced those flash crashes? When all was seemingly OK and stable in the market. …then all of a sudden..and for no apparent reason….huge dumpage and down plummets BTC….again…and again….and again.I have closely followed on a daily basis BTC’s price fluctuations for over a year. I became highly suspicious when I began to notice a pattern as the year unfolded.For example, good news stopped having a positive impact on the price of BTC but unimportant and insignificant negative news caused a major crash in its price.It’s as though someone with a huge amount of BTC was hiding in the shadows waiting for the next bit of negative news about BTC to emerge so that they could then use that as a cover to dump massive quantities of BTC on the exchanges, thereby killing the price of BTC.I guess the plan was to get people to believe the flash crash was due to the negative news (even though that negative news was nothing important whatsoever ).This happened so many times it became a joke.In the end the dumpers no longer waited for negative news..they just dumped and crashed the price again and again and again.No one seems to know who the dumper/s are, despite all the so called market and crypto experts in the space watching it and commenting on it. This seems very odd to me.How about this as a plausible theory. A very large entity (financial institution or government ect), who wants BTC to fail, buys $10 million worth of BTC OTC. then dumps it on the exchanges. Price plummets. Chain reaction….trading bots trigger, price further plummets and ordinary weak retail investors run screaming for the exit. Said entity sucks up the now much much cheaper BTC and ends the day with even more BTC than they started with.Rinse and repeat enough times and investors become depressed and give up and sell their BTC’s and abandon the market. Volume declines and with that the ability to move BTC’s price becomes even easier. The dumper/s come back in again and do it all over again. Only this time they can dump even more BTC from their now even bigger stash of BTC on the exchanges and cause even bigger crashes.Seeing this price manipulation will cause bigger investors such as fund managers to shy away from buying BTC. Volume further decreases and eventually BTC’s price collapses and is no longer of interest to anyone anymore, save a handful of so called cyberpunks and dark web trading rooms again.If the plan was to kill off BTC and cryptos in general, then this plan is working! Look at the crypto market now. Look at what is happening daily to the price of BTC. Look at the unexplained dumps.Banks fear BTC. So banks kill BTC for very little financial outlay. $10 million is but a spit to the banks or governments. Think how much money they could make by spending a poultry $10 million to kill BTC. More taxes could be raised as a result of preventing tax evasion via crypto and more banking charges could be levied by the banks. Killing BTC would be the best investment they could ever make. BTC wants to kill the existing financial system. I don’t think the financial system is going to allow that to happen without a fight. Since they have much more ammo than BTC does it seems a foregone conclusion which side is going to win. And it ain’t BTC. Want proof? Take a look at what has and is happening to BTC.Why is BTC constantly dumping despite its fundamentals and technicals being sound?Why are all the so called experts dumbfounded and without explanation for the massive decline of BTC’s price?Who in their right mind would sell massive amounts of BTC now…at a price level that is now basically chump change.We are being scammed people!

Cointelegraph comment by: John Richardson

So who did all the MASSIVE dumping of BTC when it experienced those flash crashes? When all was seemingly OK and stable in the market. …then all of a sudden..and for no apparent reason….huge dumpage and down plummets BTC….again…and again….and again.

I have closely followed on a daily basis BTC's price fluctuations for over a year. I became highly suspicious when I began to notice a pattern as the year unfolded.

For example, good news stopped having a positive impact on the price of BTC but unimportant and insignificant negative news caused a major crash in its price.

It's as though someone with a huge amount of BTC was hiding in the shadows waiting for the next bit of negative news about BTC to emerge so that they could then use that as a cover to dump massive quantities of BTC on the exchanges, thereby killing the price of BTC.

I guess the plan was to get people to believe the flash crash was due to the negative news (even though that negative news was nothing important whatsoever ).This happened so many times it became a joke.

In the end the dumpers no longer waited for negative news..they just dumped and crashed the price again and again and again.

No one seems to know who the dumper/s are, despite all the so called market and crypto experts in the space watching it and commenting on it. This seems very odd to me.

How about this as a plausible theory. A very large entity (financial institution or government ect), who wants BTC to fail, buys $10 million worth of BTC OTC. then dumps it on the exchanges. Price plummets. Chain reaction….trading bots trigger, price further plummets and ordinary weak retail investors run screaming for the exit. Said entity sucks up the now much much cheaper BTC and ends the day with even more BTC than they started with.

Rinse and repeat enough times and investors become depressed and give up and sell their BTC's and abandon the market. Volume declines and with that the ability to move BTC's price becomes even easier. The dumper/s come back in again and do it all over again. Only this time they can dump even more BTC from their now even bigger stash of BTC on the exchanges and cause even bigger crashes.

Seeing this price manipulation will cause bigger investors such as fund managers to shy away from buying BTC. Volume further decreases and eventually BTC's price collapses and is no longer of interest to anyone anymore, save a handful of so called cyberpunks and dark web trading rooms again.

If the plan was to kill off BTC and cryptos in general, then this plan is working! Look at the crypto market now. Look at what is happening daily to the price of BTC. Look at the unexplained dumps.

Banks fear BTC. So banks kill BTC for very little financial outlay. $10 million is but a spit to the banks or governments. Think how much money they could make by spending a poultry $10 million to kill BTC. More taxes could be raised as a result of preventing tax evasion via crypto and more banking charges could be levied by the banks. Killing BTC would be the best investment they could ever make. BTC wants to kill the existing financial system. I don't think the financial system is going to allow that to happen without a fight. Since they have much more ammo than BTC does it seems a foregone conclusion which side is going to win. And it ain't BTC. Want proof? Take a look at what has and is happening to BTC.

Why is BTC constantly dumping despite its fundamentals and technicals being sound?

Why are all the so called experts dumbfounded and without explanation for the massive decline of BTC's price?

Who in their right mind would sell massive amounts of BTC now…at a price level that is now basically chump change.

We are being scammed people!