assarkissian
Short

Big Drop Incoming?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Today saw two manipulated pumps. The one in the morning a lot of people fell for and we fomo'd up in price from 6500 to 6800 and it was rejected and dropped back down to 6500 within 12 hours. Then the second pump camp an hour after the dump and we saw less fomo this time. Fool me once kinda thing. The pump was about half the size and should last half the time or less until it dumps. Whoever is orchestrating these pumps really shouldn't do more than one pump in a 24 hour period. Trying it twice makes it less likely to succeed.

Yeah I hate the manipulation just as much as you do, but this is what we have to accept if we truly want a decentralized currency. I think there should be happy medium though and some form of agreements and standards of practice needs to be observed between exchanges.

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