Kargai Posted March 30, 2018 #1 Posted March 30, 2018 I usually (like never) crosspost an article on both Primedice and Stake forum but this one is definitively a must read. But let's be clear : I personaly don't believe in the illuminati-conspiracy theory. Still I believe that only few people are manipulating the money, and money rule the world. All they have to do is manipulate few markets + the banks and it's done. If I share this article it's because I believe it's a good one to take a step back from the crypto-market to see a bigger picture. To stop being stuck in petty news like the crypto ads ban from social media & co. The fight is elsewhere, it's made with way more money than the entire actual crypto market cap, and made by other players than exchanges, whales, governments or little investors like us. https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a So again, I don't buy all what this guy is saying but it resonate with some reads I had few years ago when I was more in the Gold and Silver market.At least take the time to read it to have a different point of view about the market that those we usually have from pro-crypto people or anti-crypto ones. It's always good to expand what we know
wry Posted March 30, 2018 #2 Posted March 30, 2018 Once the futures market was set up, you're right, it brings echos of the complaints gold and silver investors have had for a long time to Bitcoin. The sad fact is that you can make a lot of money betting against (or for) the price of bitcoin without ever having to buy a single bitcoin. Right now, the bitcoin haters are in ascendency, it doesn't need to be a secret cabal, just one or two investment banks on Wall Street.
Kargai Posted March 30, 2018 Author #3 Posted March 30, 2018 The "money makers" have so much money available that it's a non-sense to think they had not a plan to invest and manipulate the cryptos. Even if they were late in it they can inject so much more than the entire market that they had re-take the power quickly. Without the futures we would have seen that reflected in the total market cap but since the futures were launched at the end of 2017 ... impossible to know how much they bought & co. It's not transparent. Now the game will be to play with the "micro" movements of the price. If we follow the idea behind the article, the price will fall at a very low price later, but not in a direct line. We still can buy some and sell on a little higher price, etc. Or we can wait until the big drop to buy at that point. If we are strong enough in our heads since it seem their game will be to have that lower price at the same time most of the people out there will be disgusted about bitcoin ^^
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