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.
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.
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?
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?
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 stock︀ market? Yes.
We could speak about drama on crypto market when eth will fall below︁ 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 stock︀ market? Yes.
We could speak about drama on crypto market when eth will fall below︁ 1k and bitcoin below 10k or something like it.
Until then - nothing serious.
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