RE: How high or how low will Bitcoin go?
I totally agree. There is always "natural" manipulation and price movements in Bitcoin. When whales play their games. But since November this game has somehow changed.
I am thinking like you, that there are new forces at play trying to hold the price as low as possible.
I am quite sure this has to do with the coming open up of blockchain to the financial industry with projects like the Bakkt or the ETF's.
The big players from the finance industry are loading their guns. Some started in November.
These people know much better how to manipulate than these small (noob) players in the cryptosphere for the last couple of years.
At least we have the advantage to know more about crypto.
But expect weird movements of blockchains projects in this year. The Wall Street has no idea about blockchain and is ready to invest - maybe even worse than those ICO investments we saw 2017/2018 :D
Hi @tosch, I agree with you that there is new forces at play in this space. You can see this in the sudden massive drops and then directly after that massive amounts of BTC is bought up. I also agree with you that the guys i the finance industry has much more knowledge and experience on how to manipulate markets in their favor. One thing that is for sure is that when these guys are happy with their stacks, they will manipulate the market the other way and we will see much higher all time highs than anybody expects. I am stacking as much alts as I can from the better Altcoin projects as I believe you can get a double whammy if you are in ALTs when we see the next run in BTC. First sell the alts for BTC, and secondly you will obviously get more bang for you buck from a BTC perspective.