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RE: Who is still freaking selling!!!

in #cryptocurrency7 years ago

It's called Pump and Dump. Right when you Sell, the Pump will start again. It's a Cycle. Too many Traders right now. The Crypto Currency Market needs Hodlers, in the form of Hedge Funds or Long Term Investors. Crypto hasn't attracted enough of that type of Investment. It will go up, but it's going to be a Roller Coaster for a couple more Years.

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I agree that pump and dump is what the markets are experiencing. I see it as individuals attempting to profit off of hysteresis in price changes. If the markets are behaving more efficiently rather than following trends blindly they will force anyone doing a pump and dump to lose money.