Bitcoin overlayed on ethereum! These are bots controlling the price! Who owns the bots THE BANKS! They have been quietly buying up cryptos and then shorting them at their own will and according to their plans! They must be afraid that economies are coming closer to collapse! Bitcoin Ethereum and others will sky rocket at some point soon I'm sure...... what do you think?
Charts do look eerily similar.
Loved it :) ..Upvoted it ;)
SteemIt Id - @Utfull
You're not wrong. Not the only people using bots did you know :)
The economy is on the edge of a giant chasm, and heading over any second now. This is the REALLY BIG ONE.
Can you please explain how the banks can short cryptos?
Ok maybe shorting them is not the term I should have used but they do it by selling on mass scale coordinated! What do you think?
Indeed this could be the case, but not sure if they were accumulating enough to have that kind of leverage to impact the market by mass-selling.
If they did then they failed so far. The first selloff (from 26 May) had no impact at all (except just shaking off some weak hands as they say) and the pattern of the new one looks remarkably similar so far.
The last week the total market cap fluctuated from 114 billion to 97 billion approximately so 17 billion on the move! Banks and bank associated hedge funds are more than capable of moving markets like this as they have this kind of money that they can use all it takes is a few banks funds etc to coordinate and we can see the kind of results we have just seen last week I bet after crashing the market they are just buying back in now hence the price rise! Making money is their game and when they can manipulate a market you can bet your bottom dollar they are doing it! I'm only recently starting to see these types of things happening although I've known about the corruption and greed that banks foster for a long time so I'm no expert but experiencing revelations as I see them happen and sharing my thoughts! I appreciate your thoughts too as it is all a learning process for me! Respect to you kind sir.....
And can you explain the correlation on the chart? I thought bitcoin and ethereum were separate entities that rise and fall according to their own markets?
Hmm, maybe because people who want to buy ETH do so by first buying BTC?
And secondly, if market sentinent goes up or down, all cryptos are somewhat performing well or bad at the same time. Similar like stocks, if e.g. some bad news on health care politics, all stocks affected, in this example pharma stocks, go down. But maybe I am too naive, could well be.
Interesting thoughts I agree somewhat! But if you look at the striking similarity in the charts then they are too linked! Surely market sentiment could not send these 2 entities up and down and be correlated so closely! And nowadays you don't need to buy bitcoin to buy other cryptos! Although I agree what you say I think that the bots are in control......
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