ETF is going to open the way to manipulate crypto prices just like they do on any commodity like silver gold. Bad for cryptos.
You are viewing a single comment's thread from:
ETF is going to open the way to manipulate crypto prices just like they do on any commodity like silver gold. Bad for cryptos.
Bitcoin price is already manipulated by large volume buyers and sellers. It used to be that you could pretty much easily daytrade BTC on volume spikes at lows and highs. Not so much lately since the hedge funds took over. A compooter can dumpf on you ass at any given time. It all depends on the idiots determining the sell trigger.
I'm talking about a much deeper manipulation.
No such thing. Deeper manipulations are either signals by "the" market that price was waaaay off to the upside...or the downside. Once a bear marekt in BTC begins there won't be any coming back to highs until multi-year lows are made. Not sure that the $5K high will be taken out but BTC HODLers can at least rest assured that it "should be"...at somethime in the future. The future can start at BTC $1000 tho.