Pure market manipulation at work

in #bitcoin7 years ago

https://www.coindesk.com/the-first-blockchain-etfs-have-launched-on-the-nasdaq-exchange/?utm_content=bufferd2cc3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

This is classic, do you think this is a coincidence? How about the fact that yesterday was the first day for the futures on the CME to come in? Still think it has nothing to do with manipulation? This crypto market is filled with mostly weak hands that sell at any little FUD, so its easy to move the needle down by having a couple whales sell off and the media promote some small stories that don't amount to anything (South Korea, China, EU regulator).....and BOOM! A massive sell-off. This is sadly the investment space we all chose, because the room for growth is exponential....so is the ability to be manipulated. Please don't sell your coins, your wasting your positions and strengthening the positions of the whales who will buy all they sold and now 20%-40% more. DON'T BE WEAK!! Wait it out.

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I don't think many doubt your stance that this market is manipulated. Assuming entities with lots of money are somewhat even rational, they would make use of this easy-to-manipulate-market.

The thing is, things happen opposite of what most people would naturally think. Such as...

"BTC just dipped 40%!! Its SO cheap!" and "BTC just dropped 40%!! but I am HODLing!!!"

you get the idea whyy.

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