Don't Get Shook Off the Bitcoin Tree - From Weak Hands Into Strong Hands - [bitcoin][wallstreet]
Shaking the Bitcoin Merkle Tree
The latest most compelling news in the Bitcoin and cryptocurrency world right now is price manipulation. It seems that the US Department of Justice will be or has been investigating price manipulation in the cryptocurrency markets. The DOJ has not revealed who or how they are investigating but you can bet it won't be investigating small time traders, but rather the BIG money.
Since everyone thought that Wallstreet joining the cryptocurrency world was a great thing, the price of all cryptos skyrocketed last December. Yet Wallstreet had quite different plans for cryptocurrency once they were legally allowed to trade futures of Bitcoin. This must be why the US DOJ is investigating but it will most likely come away with nothing notable, except maybe to instill the belief to further regulate, as always.
Bitcoin Hashrate for the last 6 months
Source:blockchain.info
Yet in other news it seems that Big Money (strong hands) are investing in Bitcoin mining. Bitcoin's Network Hash Rate continues to climb while the price has steadily fallen since last December's high. That doesn't seem logical to invest money in mining Bitcoin when the price is falling unless you know something others do not. In this case it is most likely price suppression in order to shake the weak hands off the Bitcoin Merkle Tree and into the strong hands of the hungry lions of Wallstreet.
Don't Get Shook Off The Bitcoin Tree!
Full Steem Ahead!
@streetstyle
img src:
They try to shake people off so they can enter with better positions.
Those speculating bastards.
As brilliant as this post seems, I am surprised that it is not trending. But then, again, I realize that the best posts may not necessarily hit the front page.
To the meat of this essay, a professor is not above errors. Robert S. got it really wrong on this. Bitcoin is revolutionary and unstoppable.
Post resteemed. Regards.
Hi @streetstyle it's a market cycle and we need to learn to read it if you want to get good profit, i want to share a gif to have fun of this market moment
Yeah..that's a good content @streetstyle,,A tree constructed by hashing paired data (the leaves), then pairing and hashing the results until a single hash remains, the merkle root. In Bitcoin, the leaves..It is simmilar as like as probability tree,,,
Thanks for sharing..
I see you understood that tidbit of word play @nishuxr Thanks for the support!
I completely agree with you, most likely everything is done to remove small players from the market and the price is artificially understated in order to lower the profitability of Bitcoin mining, but when small miners close their prey, large whales will take everything in their hands. Thank you @streetstyle
This is where the big players come in handy its the time to test out the patience :)
I agree with you..... really don’t get shook off...... your analysis is excellent about this crypto world...thank you so much for sharing with us ...
Bitcoin gaining hash rate means people still believe that the time will change and hit it top again. Wall street makes the changes if they willing to start with cryptocurrency.
I am always anxious about bitcoin. Your title of the post is really interesting. In the body, you have discussed valuable information on bitcoin. Thanks for your information.
i would definitely like to see some more big guns investing in bitcoin and bitcoin mining