Crypto Market in “show me mode”....I disagree it’s been more like “manipulation mode”
Source: https://coingape.com/market-show-me-mode-crypto-king-bart-smith/
The great thing is about a fair market is we can all have varying opinions on price and discovery.
Market commentators make a living and explaining why a market dumps or pumps without really helping the retail investor.
The latest is the fluff piece on some analysts saying the crypto market is in “show me” mode....really?
The cyrpto market has been coming out with non-stop stories of new adoption/exchanges / use cases/ etc....
What is not as nice to say is “market manipulation” , like rigging the precious metals markets (no dispute).
Like rigging the LIBOR market (companies fined billions).
So yes, big players rigged the crypto market to scare early investors OUT.
They want your BITCOIN....remember - only 21 million and they want them.
They want to buy and control the market — but they don’t pay retail prices.
Big money is coming , regualations are coming and all of a sudden there will be “lift off”. Like it’s a bug surprise.
They will be positioned to capitalize on the transition to the new crypto environment.
Let’s watch and see.. :-)
It's going up today finally, it looks manipulated, but it would be harder to manipulate than precious metals
I think we are almost “out of the woods” for a Sept start and Oct “ramp up”.
Excellent article. I learned a lot of new things. I signed up and voted. I will be glad to mutual subscription))))
Thank you
I get the manipulation with bit-coin with the futures market, but what about the other 2000 coins? How can they manipulate them?
Some may say it’s “good or bad” ...Bitcoin is seen as the “leading indicator” for cryptos since it is the strongest crytpo and been around the longest. It’s a “bell weather”. Conversely, after things get going, the alt coins like Litecoin etc....will outperform BTC (IMHO).