You are viewing a single comment's thread from:

RE: Some thoughts on the recent DOJ crypto crackdown

in #crypto7 years ago

This is important and I think necessary. Market manipulation it is happening, and it is not new, but used to be from crypto players into pumping crypto, not manipulation comes from outsiders, with bigger capitals and probably with a negative agenda fro crypto. Wall Street trading Bitcoin Futures is not something that actually benefits crypto, it is just a tool to make a already speculative market even more speculative, with the right tools for big financial enemies to short on whatever crypto means just attacking what we thought is our gold standard, the Bitcoin. The crypto market has evolve much beyond Bitcoin but still we all depend on it. We are at a fragile stage of market evolution. Yes, the crypto community is global, but the US based financial institutions are the ones that can short and make prices drops with "legal" tools. So it is important to address this kind of issues.