er
5 years ago in LeoFinance by bitcoinflood (79)
$5.69
- Past Payouts $5.69
- - Author $3.20
- - Curators $2.48
80 votes
- leo.voter: $3.57
- bitcoinflood: $0.76
- ripperone: $0.72
- niallon11: $0.26
- bluemoon: $0.08
- chekohler: $0.05
- pele23: $0.05
- alexandrabauer: $0.03
- behiver: $0.02
- sn0n: $0.02
- funnel: $0.01
- pixelfan: $0.01
- pocketrocket: $0.01
- zelensky: $0.01
- roleerob: $0.01
- khazrakh: $0.01
- r0nd0n: $0.01
- leofinance: $0.01
- captainklaus: $0.01
- mitchelljaworski: $0.00
- and 60 more
I agree to you, crypto market manipulation is real, and it affects our trading.
Posted Using LeoFinance Beta
It's always been there from whales however now we have mega influencers doing it. Expect more to follow suit soon.
Posted Using LeoFinance Beta
I think you're being a bit simplistic. Elon Musk's opinion was quite irrelevant until Tesla bought 1.5B. Now he has skin in the game, so his opinion has some value. He's still only .1% of the market cap. Also you are completely dismissing F2 Pool and the Central Banks' FUD.
Posted Using LeoFinance Beta
We already know the central banks fud. What's new in this rally is Influencers pushing it. Nothing else has changed besides that. Bitcoin transactions are still expensive AF, it's the same blockchain and nothings changed on that level over the last three years from the last rally.
We all yell about pump and dump communities well Influencers are honestly just that. Pumping up their own investments. If this was done in the stock market their are reappreciations for doing so. Elon Musk ran into this a few years back for doing it. But he can get away with it on Bitcoin because it's not regulated.
I love the dude and what he does don't get me wrong but this is the state of the crypto markets we live in today hate it or love it it's just the way it is now.
Posted Using LeoFinance Beta
Everyday is just a wonder of who is going to talk about Bitcoin, it's crazy but I love it ngl!
However I believe there are better supports that can sustain the price of BTC.
Posted Using LeoFinance Beta
It can sustain it to a point and of course hype is needed to get more involved. This isn't a way of bashing anything it's just honestly how things are done now.
Indeed influencers are defining trends and just a tweet from personalities like Elon Musk can do either good or bad. It is quite bad this is happening, it is like we threw all the economics out of the window.
Posted Using LeoFinance Beta
It can start to have very negative consequences. Of course Hype is need to bring more people in and that's welcomed but as this trend catches on you're going to get some bad actors and possibly trash bitcoin and crypto by doing so. The more crypto in the hands of more people is a good thing it's far to centralized still
As humans I think we like to look for causality: the price did this because someone said that. I think it’s usually not that simple. Sometimes prices swing for no apparent reason. Other times, it’s obvious manipulation or mob action.
Posted Using LeoFinance Beta
I love your graph. Funny. What do you suggest then to us the small fishes? Go with the flow?
You kind of have to, it's just like being like a whale. Now it's whales and mega influencers playing the market.
Congratulations @bitcoinflood! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 10000 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Dang I need to step up my game here!