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RE: The truth about the BitCoin price - Who is behind it and how does it continue?
Great insight for someone who knows quite little about the way the whole crypto stuff works yet. Thanks for sharing! Seems like these fluctuations are very common and reflect very little on the actual value behind the technology itself.
I think the value of the technology and the importance in the future have now realized by the big players. However these players have completely different tools instead of private investors, they are now beginning to use them.
After realizing that more and more people are trusting in this "new" ecosystem.
The future will be exciting.
But according to this article, central banks are also not averse to cryptocurrencies.
With appropriate amounts, the exchange rates can be manipulated as desired..
That should be clear to anyone.
So my advice is to support the market instead of selling in panic. Otherwise, we have more and more bankers and fund managers in the market who can continue to manipulate the value as they wish..
Great points, thank you for the explanation! Really appreciate you breaking it down like that.