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
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
The selloff is related to the Hashwar that will be starting tomorrow. https://cryptocoach.cc/2018/11/14/bitcoin-is-evolving/
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I have said it before.
BTC Futures are trading billions of BTC daily!
How many BTC do you think are out there???
Manipulation probably all the way down to $1000 BTC
ETF Futures and Options Markets tools of Mass destruction DEAD-MAN-WALKING... We have not seen the bottom yet...
Crypto Marketcap charted down to $86 Billion / have $ on the side lines to buy your favorites at discounted prices.
Here is a good explanation of Manipulating the Markets by Bix Weir.
Buy Buy Buy
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
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
Cost average down while you can... and cost average going back up when you must. Don't chase the market.