Bitcoin (BTCUSD) has spiked up by an enormous 2,090 PIPS (7.50%) in the last hourly candle, on the rumour that a Bitcoin Spot ETF application has been approved by the SEC.
BlackRock has come out to deny it, calling it 'fake news'. Just like that market crashed back down & wiped out its 7.50% gain. In the process trapping a lot of new buyers, taking out sellers & liquidating them both in the process.
Ask yourself, who gains at times like this? The average, everyday person? No. It's the governments & institutions who release these rumours, in order to screw the everyday investor who doesn't know how to professionally operate in the markets.
BlackRock has come out to deny it, calling it 'fake news'. Just like that market crashed back down & wiped out its 7.50% gain. In the process trapping a lot of new buyers, taking out sellers & liquidating them both in the process.
Ask yourself, who gains at times like this? The average, everyday person? No. It's the governments & institutions who release these rumours, in order to screw the everyday investor who doesn't know how to professionally operate in the markets.