Bitcoin and Cryptocurrency Price Manipulation and Some Words of Comfort
Good evening Steemit! I Hope everybody is enjoying their weekend. Just in case anyone is not in tune with the bigger picture of why we're experiencing these recent lows overall in the bitcoin & altcoin market is purely because of large-scale price manipulation. Mega whales (institutional involvement. check out the link on the bottom of the page) want to buy in but they do not want to pay full price. So, they sell massive orders (perfectly timed with some South Korea FUD), all the TA's sell indicators go off, confidence in the market drops and then everyone starts selling to save their investments causing a ripple effect in the market. When the price is drove down to the point they want to buy back in they buy 10X more than they sold for over 1/2 the price less than they bought it for originally! Don't worry, as soon as their accumulation period is over and their bags are completely full they will start PUMPING that price back up and we can all enjoy some new all time highs! Now, I know it's been tough for some dealing with this bear market regardless of what the larger term picture so remember this one simple fact that will ease your minds, If you are invested at this point you are considered by all means an early adopter and already very far ahead of the curve in the scheme of things so hang tight, enjoy your life's, and soon we will all reap sweet rewards!
Here is a pic I snapped while out and about here in beautiful Montana. Just remember to take a moment and enjoy the small beauties and pleasures of life and the bigger picture starts to become clearer...
