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RE: Ask Me Anything Contest / Best Questions Win SBI - Dragging You Up With Me Week #12
With the current downtrend of the crypto market. Do you think that there are people who are manipulating it?
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I’d say everyone is manipulating it but there are a few that have a large influence on he markets dumping. All of us holding off buying to see how low it will go before investing are essentially manipulating the markets. The big one that influenced the last bull run demise was MT. Gox with their massive sell offs for the sake of paying back lost value during their hack. After the fact of large players all of us little guys just add to the volatility of the movements by trying to capitalize at every turn. Some would assume there is a bit of market psychology that comes into play and many could manipulate that very simply with FUD and HYPE.
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Wow, thank you so much fo answering my question! I just hope that it won't dip too low hahaha. Anyway, Have a great day sir!
Steem ON!
Honestly the lower it goes the better opportunity to invest the question is really what is to low for the miners to run the network. Many small mining operations are already closing their doors but the larger ones are set to endure a few years of no profits 😉
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