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RE: Random FUD Driving Market Prices?

in #bitcoin6 years ago (edited)

Wallstreet had trouble getting Bitcoin and the other currencies where they wanted it

Personally I don't agree. Many crypto traders are newbies who trade more than what they can afford to lose. In this scenario market manipulation is very easy, also considering that many exchanges charge 0 trading fees to operator who trade large volumes (for example whales). By this way, pump and dump also on short timeframes are very simple
If they manipulated crypto market, they did it very easily

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I agree with you about the personal responsibility aspect. The other thing I didn't mention was how the crypto world shot itself in the foot with the whole "flippening" last fall and various other games. The greedy investors/ and founders forgot that when Bitcoin, the most recognizable coin, falls so does everything else. All that wall street had to do during this debate was open futures and bet against the market which was based on emotion. In a market filled with speculators not using the currency as a currency everyone saw the correction coming, but I thought at the lowest 8-9k. The current price shows a protracted campaign however severe.