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RE: Math-Based Fundamental Value Analysis Has Been Right About Bitcoin Bear Trend So Far - What Does it Tell Us About When Sustained Growth Will Return?

in #bitcoin6 years ago

The market is controlled by trading bots and traders in general. People who want to get in and dont like the volatility, are trading OTC.

Now we have George Soros saying that he will start getting in, and he will make money. Micro trading and having a slew of traders available, he will be able to move the market, as he always have. He bets against the market and makes it happen. If his team deem that there is value pressing BTC to $1000, he will, he will short BTC and then weed out everyone who gets cold feet.
When it gets to a level that he likes, he will turn the market around onace again, and once again makes money.

he doesnt care about BTC or the tech, he cares about money only.

SO there is not much analysis that anyone can give, that I would listen to.

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