It is hard to prove manipulation. For all you know, it could also simply be less buying power than selling power that continues to drive the price down. Speaking of manipulation could well be a trumped up 'inner reason' to justify a certain event.
People love simple explanations and mostly want to avoid unwanted truth.
I am not saying you are wrong but accepting the simple fact that in certain periods there are simoly more sellers than buyers keeps one's head clear. The markets go up, the markets go down, in endless cycles.
I consider it buying time. And if the price goes down another 50%, it will simply be even cheaper to buy.
The green candle that is developing today, may be a sign that a small rally is upcoming. Lets see how that pans out over the weekend.
My friend 80 % of bitcoin is mined now and none of people who are in loss are ready to sell bitcoin at loss .
And people who are holding it from years know its future well they don't want to sell either .
Only manipulation from these big whales and big guns are responsible for moment of bitcoin .
And for me before futures contract there was no issue in crypto market but now its been manipulated badly by these big guns .
@wekkel nothing agains your thought dear just sharing my opinion :)
what do you think about ontology?
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
Pls don't spam links dear ..