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RE: Weak Hands in Crypto. NSA Spying on Bitcoiners
This is a classic shake down, they can't short sell Bitcoin like they can with the gold and silver markets, so they must deploy an endless stream of FUD every time Bitcoin is up against resistance. Bitcoin was over-bought and that's the main reason for the correct, now we look to have found a bottom that is well above where it started in Jan of '17. I have heard a number of times now that there are many big players wanting to get into the next bull run, Bitcoin has every investors attention now and as soon is it starts making higher lows they will pile in.
The next ATH Target of Bitcoin is going to be big, really big.
Surely they can short sell bitcoin, especially now with the latest financial instruments.
Yes they can of course, my comment was in relation to gold and silver. If you are unfamiliar the gold and silver markets they are short selling them to the tune of trillions, metals are an old market, crypto is an emerging asset class. Gold has been accumulated by powers throughout history and when a new power comes along they simply steal the lesser powers gold at the end of wars. To accumulate the Bitcoin needed to short sell on the scale that is seen in the metals markets would send Bitcoin through Jupiter on a galactic journey out of our solar system. So while yes they can and are shorting Bitcoin but not anywhere near the scale seen in the metals markets.
But crypto is a much smaller market with much lower liquidity. It is so much easier to manipulate.
Could not agree more.
A classic fib fall from the ath, with plenty of negative news to help along the way.
Next one will be wild!