drama on crypto market, all coins down :(
- Thread starter Houdini
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its clown world. Nothing new.
It will go up once they will print the next gazillions. This time around the fed balance sheet goes to 20 or 30 T.
It will go up once they will print the next gazillions. This time around the fed balance sheet goes to 20 or 30 T.
We don't know s**t. Crypto is a tiny market (the whole "cap" is less than one NVDA) with an inflated liquidity and fake capitalisations. Except BTC and another few tokens there is close to zero real interest, most of the trades are market makers. So when something "big" happens (MtGox finally realising assets or governments selling their seized coins) the market takes time to absorb it if it can.
It's not a people market, it's a trading algo market. It has been decades since people last moved the market. Sure, there are people trading, but that does not matter as everything is manipulated to an unbelievable degree. I can spend years trying to convince you of how deep the manipulation goes in the world we live in.
I don't doubt this at all, but do you have some sources you can share? This is something I would love to read up on.
It's something that has been going on for a long time, look into “spoofy” and what he was doing on bitfinex back in 2017
Here's a good piece: Wolong: The Game of Deception (unedited version) ”” Steemit
Woolong isn't who I was walking about in my first post though so please don't mix him with Vanguard.
Wolong's "The Game of Deception" is all about how big players, or "whales," manipulate the crypto market. They build positions, pump prices, test reactions, and dump at highs to profit. They use tactics like creating sell walls and fake buy orders to control prices.
You have to understand these moves in order to avoid their traps. That means you have to study them alot. I wonder how you can do that with BTC and ETH whales?
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I am not a quitter, and therefore I share my sympathy with the content of this thread. thu&¤#
You have to understand these moves in order to avoid their traps. That means you have to study them alot. I wonder how you can do that with BTC and ETH whales?
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I am not a quitter, and therefore I share my sympathy with the content of this thread. thu&¤#
And today all is going up again as expected
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I am not a quitter, and therefore I share my sympathy with the content of this thread. thu&¤#
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I am not a quitter, and therefore I share my sympathy with the content of this thread. thu&¤#
Let's see for how long. I, for one, pray crypto will go to the moon, but right now I'm not so certain.
Exactly. People would be best to just buy and hold BTC and forget about all the other garbage (ok ok, stable coins are useful, but everything else is rubbish).
Well, forget about trash alts.
They always trash.
But look on btc. Now it cost 55k. The same price was in around 5 July. The similar price BTC crossed in March 1.
Really so bad with BTC? Certainly not, if we have price now like 1 month old
He is still very good looking on chart.
Ans now look at intel, who below 20$ which is literally price of around 2010 year.
Some other stocks are bad too. But generally sp500 is not such bad, at least now looks like a it of correction.
In result:
Drama on crypto market? No.
Drama on certain stock market? Yes.
We could speak about drama on crypto market when eth will fall below 1k and bitcoin below 10k or something like it.
Until then - nothing serious.
They always trash.
But look on btc. Now it cost 55k. The same price was in around 5 July. The similar price BTC crossed in March 1.
Really so bad with BTC? Certainly not, if we have price now like 1 month old
He is still very good looking on chart.
Ans now look at intel, who below 20$ which is literally price of around 2010 year.
Some other stocks are bad too. But generally sp500 is not such bad, at least now looks like a it of correction.
In result:
Drama on crypto market? No.
Drama on certain stock market? Yes.
We could speak about drama on crypto market when eth will fall below 1k and bitcoin below 10k or something like it.
Until then - nothing serious.
Rule number #1, putting your money into Bitcoin you NEVER have to fear for it again. Of course, if you self-custody your coins, but if you buy ETFs/BTC on paper/a third party to hold your coins is the only option to worry about.
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