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RE: Crypto Getting Slammed. What's Going On? By Gregory Mannarino

in #money6 years ago

Not sure what sparked it, but not surprised to see another hit job. They can’t let people think there’s a safe haven there yet, so like gold & silver they’re manipulated & controlled to the down side. Buying for the long term now makes sense to me

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Can cryptos be naked shorted like stocks and gold/silver futures to affect pricing? I like your profile picture by the way.

The manipulative tools for crypto are probably less developed than they are for the metals, but they are using futures trading for sure to pressure the price of bitcoin. The metals are gonna explode one of these days soon, those paper contracts keep getting bigger & bigger

Thanks, that’s the big dog Bubba