[dlive] FUD FUD FUD ... Why?

tradealert (60) 7 years ago

This market action is not just due to FUD, Bitcoin is very thinly traded, thus prone to market manipulations, institutional traders like ETFs frequently borrow deposited coins from exchanges to put downward pressure on the price while shorting on the futures market... on top of that the market is saturated with bagholders adding more downward pressure on the price. Bear markets are fascinating things to watch.

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8 votes

boxmining (72) 7 years ago

Thanks for your post!

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saltycat (55) 7 years ago

Indeed. One such manipulator has been revealed as the Mt Gox trustee who has been dumping bitcoins and bitcoin cash on the market and has been demonstrably driving the price down. It really should be investigated and it matters to all holders of alt coins, not just btc and bcc, or MtGox creditors.

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tradealert (60) 7 years ago

Hi @saltycat, the Mt.Gox trustee has been something of an easy scapegoat lately but imo he really is just a distraction. I think there are people with much deeper pockets than him (miners, exchanges) who can manipulate the market with way more force (or lend their coins for this purpose), especially now that there is a liquid futures market for shorting.

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sagarthukral (62) 7 years ago

Well, we are getting some good news from past few days now, Barclays' Coinbase partnership and Korea planning to remove ICO ban, so hopefully market will start recovering soon and many good news will follow.

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boxmining (72) 7 years ago

Thanks for your post!

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alexcaskie (43) 7 years ago (edited)

I agree a bunch of FUD being peddled out there, but hey I used this current dip to buy more.
Not a "crash" just a dip; buy the dips imho.
cheers A.

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boxmining (72) 7 years ago

Thanks for your post!

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mmasim (50) 7 years ago (edited)

You always bring us great information on crypto, sir. Lots of love. I am a big fan of you on youtube as well. Please tell us what could be the repercussions of the Google's recent news that they gonna ban many crypto ads. Maybe the recent drop has something to do with it.

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3 votes

boxmining (72) 7 years ago

Thanks for your post!

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mmasim (50) 7 years ago

Thank you so much@boxmining. Lots of love for your guidance on crypto.

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wa2qr (58) 7 years ago

The greatest problem of this generation is that we scare easy. We should see this as an opportunity and nothing else. All the weak people who have no faith have already left, only the strongest are holding and they will be rewarded.

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tradealert (60) 7 years ago

How low are you ready to hold before you capitulate? everyone has a breaking point eventually.

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fr3eze (68) 7 years ago

Well, my HODL plan has no breaking point. The worst is zero out everything.

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tradealert (60) 7 years ago

Spoken like a true Hodler @fr3eze :D

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fr3eze (68) 7 years ago

LOL

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boxmining (72) 7 years ago

Thanks for your post!

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ipostbtcprice (-2)(1) 7 years ago

For future viewers: price of bitcoin at the moment of posting is 8179.80USD

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boxmining (72) 7 years ago

Thanks for your post!

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duplibot (55) 7 years ago

^--- You made this exact same comment at least 6 times and close variations at least 70 times in the last 1 hour. View these duplicate comments

Upvote this comment to support @duplibot and help reduce spam and superfluous comments.

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