Whats really weird is more & more people are finding out about crypto and investing yet the bottom seems to fall out what gives? These crash excuses like Russia-Ukraine tensions total bs, feds raising rates total bs, ohh ooh don't forget the puppet in chief claiming to regulate crypto BS! Manipulation that the reason!
scratchticket
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@Mechanicalcircus, I think whales can't help but dump market to eat up new crypto people who never take profits and sell positions at bottoms. I would.
m9i6uwmcqx
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@Mechanicalcircus do you think that a lot of the money has moved to Alts hoping there is more potential there like it happened in the .com bubble.
@Mechanicalcircus, Read this book, it defines the true purpose of manipulation and how to beat the whales: Elliot Wave Principle, Key To Market Behavior by Frost & Prechter
peterbhc
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To get the price to decrease by half there would need to be twice as much BTC on exchanges to sell. There is less BTC on exchanges today then there was at 33 in Jan. A lot more coin has to be deposited to go that low. Time will tell, I don't see it happening unless massive inflow occurs.
FALLING-CANDLES
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@peterbhc technically some exchanges don't even let u wallet it and new crypto folks maybe don't even know to wallet it. even greyscale just locks in cash and yet only they hold it. I hear your point. I will look closer at supply. Also the derivatives market play a role in those candlesticks price action so...its kinda awesome
AlanSantana
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@peterbhc, You can see transactions of billions happening overnight before a dump.
The market moves in cycles... "capitulation"... No?
danieltberridge
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@peterbhc, This statement makes no sense. BTC halves and doubles many times. Like November to Jan for example. 20k would be a healthy correction proportionately.