WTF is going on with CRYPTO ???? - Answers here

A few things have contributed to this flash crash we are experiencing right now.

Number 1 on the list for me is:

The CBOE Shorts contract ended yesterday.

And we know, almost every time a Futures contract ends we see drama, just go back through the year and take a look. Whether it be China, the SEC or some bank creating FUD in the news, it's the same shite every time. What blows my mind is people are still reacting to it!! We have seen this before, surely people would learn from past experiences?? ...obviously not.

THIS IS NOT THE END OF BITCOIN, THIS IS THE WHALES PLAYING SILLY BUGGARS AGAIN.

Number 2 on my list is this:

Every single year we see a sell off just before a pump. Now this doesn't mean we are guaranteed a re-bounce, but take a look at this from last year:

If you go to Coin market cap and zoom in on this dip, you will see it looks very similar to what is happening now.

It also did it back in 2015 as well.

Number 3 on my list of reasons is:

The Bitcoin Cash (BCH) hard fork.

The negativity surrounding this, the threat of miners attacking is an event that undermines the narratives of the immutability of digital assets.

It is an unknown outcome for the hard fork and this worries a lot of people.

Reason number 4:

The bears.

Investors believe Bitcoin (BTC) still hasn't reached a bottom.

If you scroll through Twitter, you'll see big names like Tone Vays (a known bear) saying Bitcoin needs to hit $4,000 before we bounce back.

Teeka at the Palm Beach Research Group predicted Bitcoin at $40,000 by the end of the year, and it's clear we have run out of time for that to be realistic now.

There is not even a hint of an end of year rally, and its negging people out.

In my opinion (I am not a financial advisor, so don't take what I say as gospel), there are some whales that do not want this Van Eck ETF being approved by the SEC, therefore they are using scare mongering tactics to create massive volatility in the market, so that the SEC will see this and think 'yep, there is still too much volatility in the market' and not approve the ETF.

Just my 2 cents people.

Let me know what you think.

Keep your chin up! It's not over!

#crypto #crash #bearmarket #wtf #dapps #dapp #smarteconomy #paypal #bitcoin #blockchain #steemit #hodl #steem #steempower #solar #wind #electricity #consensus #bitcoin #cryptocurrency #cryptocurrencies #btc #funfair #eth #etc #aion #eos #smartcontract #verification #softwaresecurity #erc20 #erc20tokens #protocol #ethereum #gifto #gas #neo #omisego #devcon #lambo #moon #investors #investment #institutions #databasing #database #decentralised #longtermhold #hold #buyitnow #buy #longterm #portfolio #goldmansachs #priceprediction #forecast #curie @curie