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RE: Nov. 15th Bitcoin Sell Signal | BTC Dropped 16% in a day! | VIDEO |
Thank you for posting this, it's interesting to see the market moving with no real "reason" per say. It makes me think that because pretty much every cyrpto is still lacking a simple way to purchase everyday items -adoption has been very slow, making the majority of the population wary that crypto holds any value at all.
In my opinion, the crypto "adoption" is still at a very early stage. After all, we're constantly being scrutinized by the media and fighting an uphill battle against the banks
behind the scenes, big things are happening. I believe big players are keeping prices low until they get the green light that allows institutional money to invest. I bet these big players are friends/partners with the institutions that are trying to get into crypto. If price goes up now they will be left behind and miss out on making millions/billions. or they can manipulate the price to stay low until they can legally enter the market. That scenario just makes sense to me, not sure if its true.
BAKKT will be the onramp for a lot of institutional money. check out my article or just research about BAKKT and see what it's trying to accomplish. It will basically be a crypto onramp for instuitional money.
https://steemit.com/bitcoin/@altcointrading/bakkt-explained-or-a-new-york-stock-exchange-bitcoin-futures-company