This will be my 3rd major bear crypro market. Each one was very Darwinian in the sense that by the time things turned bullish many of the shit coins had been removed from exchanges.
We are seeing the same things in terms of users on the steem blockchain. Those only here for the rewards have by and large deserted the platform. My feeling is good riddance to them.
My feeling is that Wall St. has been manipulating the bear market in preparation of the SEC approving one of the many ETF requests for BTC. And as just about everyone knows where BTC goes so goes the crypto market.
Once they have squeezed every BTC that they can from the bear market their pals will approve an ETF which will not only take things to the moon but the outer reaches of the galaxy.
If one is in doubt about manipulation then one need only look at the 7 trillion dollar gold market to think how easy a +/- billion dollar market would be to manipulate.
Cant agree more on that, we'll have to wait a bit longer i suppose.
I assumed big players are the ones who are pulling this market down over and over again, fuckng rats.
Thanks for stopping by. 👋