Crypto Is Going Down Just To Fool You
Oh my word! I can’t even count the number of red days I’ve lived through. It’s terrible and yet someone is making money off it. And guess from who? You.
Big Boys Control The Market
Imagine you have the power to change the price when you want and how you want. Imagine this is crypto, where there is no law enforcement on market manipulations.
Everyone, say hi to whales!
A crypto whale is a cryptocurrency term that refers to individuals or entities that hold large amounts of for example bitcoin. Whales hold enough cryptocurrency that they have the potential to manipulate currency valuations.
And what does a whale do? Dump and pump and make money off of you. And me, sadly.
The Fear Is Always The Same
For someone’s sake, it’s so simple. Find an event that’s happening. Pay every news channel to promote that news, create fear, sell your assets, dump the price, buy lower, sell higher, profit.
All you need is that the price drops low enough to trigger liquidations and that people sell their assets for a loss.
Do you call yourself a crypto believer? Then why in the holy land would you sell. Ok — if you are a shitcoin masochist, do what you want.
Always The Same
All they need is a reason.
Like interest rate hike on 26. 1. 22 maybe? China banning crypto for the seventh time? Russia this time?
Wow. Always sounds so legit, just to be forgotten in a couple of months on the next run-up.
What If This One Is The One?
We can’t expect the crypto prices to go as low as to where they were in 2019. Do you think whales are ready to say goodbye to billions of dollars?
What makes an even better argument is that at the beginning of February SEC is deciding on allowing ETF backed by bitcoin. If this goes through, this would not just bring in billions, but trillions of dollars into Bitcoin.
Someone just wants to buy low.
Chill
Just chill folks! Have some extra funds? Don’t forget to buy the dip. Or wait for the next top and sell on the bottom. Don’t forget to use maximal leverage! Just joking, don’t do it. 😊
Disclamer
Oh, this is not financial advice. Anything said is my non-exhaustive personal interpretation of available data at the time, and should not be construed as financial advice. Crypto and DeFi are risky, and you stand the risk of losing all or some of the money you put in.