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RE: @kingscrown went MIA, BTC dumped to 9k USD!

in #bitcoin7 years ago

I am about as much of a newbie to the Crypto world as one can be, especially when it comes to Alt Coins. I bought in on Ethereum when it was at $19.00 and have held it since. I had enough sense to do that. lol! But, I didn't take it to the next level until now. I have invested in some that I feel will do really well. Two of a few of my favorites are ETHOS and EOS, so invested pretty heavily in them.

Back to your oost about Bitcoin. I have heard nothing but fear around Bitcoin and Crypto's in general. I almost wonder if the MSM is doing their best to scare people off to give corporations time to get in before the average person has time to get invested. I know the Alt. Media is pretty darn scared too. lol

Thanks for helping others make sense of it and bringing some clarity to it all.

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think about this a little. cryptocurrencies should be a little safer relative to fiat because fiat can be devalued by a country printing more of its fiat. cryptocurrencies like BTC are decentralized, distributed, and have built in scarcity.
The only way to manipulate its price is with propaganda -- negative propaganda when they want it down, positive propaganda when they want it up. The future market is just an abstraction and not necessarily pegged to the real thing. It only gives a "prediction", which many may or may not pay attention to. So if they are telling you not to buy it, buy it. If they are telling you to buy it, don't buy it -- HODL or sell. Or, dollar cost average every week or every month.

You are very right. The markets are being manipulated in order for the big players to keep buying up while it's cheap. The manipulation is at the highest levels. Your definitely onto something. Keep that in mind and you will start to see the patterns of manipulation much more clearly.