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RE: Vlog #52: The downtrend is real and Poloniex is not helping.
Which makes no sense to me as someone that looks at fundamentals of different projects but is something I have to accept.
It's called manipulation, and dumb money bruh. It cracks me up when people pull out all these fancy charts , and use all these fancy words to try to explain what's going on in the market.
When in reality, the Chinese could tank the entire market by simply dumping Bitcoin, and big banks could pump and dump coins all day long.
I mean the total market cap is less than 100 billion for fuck-sake, so it's not like it would be hard to do. Goldman and their buddies could buy the entire space if they felt like it.
Hell, and after that article they made the other day about it going to $4,000 a coin... maybe they have.
Goldman has become sort of a reliable contra-indicator. Like a Jim Cramer who is less of a joke. As soon as they called BTC higher, I figured we'd have a correction.
Ah ha, that's great, and something I will forever remember from now on... followed!
The Market cap is indeed still very small. Nice comment thanks.