The recent decline in Bitcoin’s price can so eloquently and sufficiently be explained by the ample evidence available at one’s fingertips, so why do we need another one?
- Bitcoin Cash Wars
Powerful people selling off their ample supply to pay for mining competing chains - People being spooked about the above Bitcoin Cash war
So, some people might have sold off in advance of just being scared about the uncertainty about what the upcoming war might do, and then there were the threats made by certain parties participating in said war. - BAKKT conspiracy regarding potential insider knowledge
This one is about where they delayed launch a month. Yeah, everyone knows they delayed launch a month, from December to January, but BAKKT announced their delay on Nov 20th. The major decline happened the week before and another major decline the day before. Here, in this conspiracy, it's about people selling off before wind about BAKKT delay spreads. - Typical institutional manipulation
You know, to bring down price and using above reasons as a cover. This is a broader version of BAKKT but different... more about the big guys pushing the price down so that things like ETF's and derivatives can "get in " at a low price, load up and make bank. - Thin order books
The order books are so thin all over the place, making it child's play to move price up or down. Not only that, but the casual layman is so easily manipulated with media, headlines, and things like CoinMarketCap.com not being transparent or obvious in what is included, and the mass set of users not really knowing how to get the information for themselves. - Capitulation
- Armies of bots influencing opinion
How easy it is to change the minds of sheep these days. - Fedcoin needs an onramp
The government supressing crypto so as to keep the populace from having a legitimate alternative to FIAT. That is, until they can replace it with their own, whether that be a version of USDC, GUSD or some FedCoin cousin. - (educate me on any others I missed)
Well, I have another one and I wanted to mention since it seems no one else is mentioning it.
The HODL ETF
That's right, The HODL ETF. If you haven't heard about it yet, it's the first multi-crypto Exchange Traded Product to hit the streets.
This new exchange traded product, at time of writing, was due to launch later on next week. (at time of publishing, it already launched). Since the fund is going to track prices of five Cryptos, people who buy in would be much better served if prices were extremely low when the ETF started. Then, if prices rose afterwards, early entrants would have much to gain.
So, the conspiracy is, since it’s so easy to manipulate a small market cap, get a bunch of people to invest in $HODL, coordinate to lower the crypto market, agree to at least buy in to that or buy manually, and then jump onboard at the same time.
I heard today on the CryptoVerse that $HODL has the highest volume over there on its exchange. Interesting. and it kind of fits within the theory.
We shall see if the five Crypto’s shoot up. That in itself doesn't mean anything towards this theory, and this theory is only an exercise in speculation, and mind expansion.
I hope the cryptos do shoot up in price I sure hope there aren’t any charges of manipulation, at least not any that damage the reputation of crypto.
Disclaimer
To be absolutely clear, I have zero actual knowledge, evidence or even suspicion against the parties involved, Six Swiss Exchange being used, the Amun Crypto comapny in U.K, or the five cryptos included in $HODL: Bitcoin (50%), XRP (30%), Bitcoin Cash, Ethereum, Litecoin. These general thoughts are not intended to harm, dissuade, or influence anyone and are only meant to be a thought exercise.
For all I know, these people just made a fund, picked top 5 and started collecting money and love crypto. That's what I'd love to be able to do if I had the contacts, the regulatory approvals and the time. And I probably wouldn't be too keen on some steemy-eyed upstart writing half-cocked conspiracy articles that seriously charged them with something -- therefore, please know -- I'm not. I'm not actually saying they did this or anything like it. I simply like writing thought experiments and putting together what-if scenarios, especially in this large area of crypto where large conspiracy things like this can thrive.
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