Cruel Mistress.
The crypto market is well known to be a volatile mistress that no one can predict but can it be Manipulated? Well, first we need to look at the market, not as an object but a collective of investors. We are what drives the market prices up or down so, those who can influence us can influence the market. This means the market is totally susceptible to influence because we are.
Predicted Crash.
Back in October Jim Rogers and Marc Faber predict a severe stock market crash which could be coming any time now. The market moves in cycles and crashes happen roughly every 8 to 12 years. The next crash is expected to be the worst crash in 75 years according to Jim Rogers. The recent crash in the stock market could be considered a flash crash and could indicate impending instability. So what if the crash is coming?
How will the whales protect their money?
Well, they have to move it into something that will retain or increase its value, enter cryptocurrencies. Unfortunately, the price of bitcoin around November and December was pretty damn high and any whales wanting to cash out of the stock market would be looking at buying at pretty much all-time highs. This is obviously not what they need to hedge their funds.
Cluster FUD
In order for whales to get into crypto they would have to decrease the price to make it safer for them to invest. They could just wait for the annual price drop that occurs in January nearly every year and get in then. But whales are greedy, that's how they became whales in the first place. The Media starts dropping bad news article left right and centre about Bitcoin and crypto in general with news of regulations where many turn out to be false or misinterpreted. Coinmarketcap.com stopped reporting data for some exchanges, Bitcoin futures and the lunar new year all contributed to this Cluster bomb of fear around crypto.
If you think we're not manipulated just look at this tweet
Should I be Wearing a Tin Foil Hat?
Am I just a crazy dude looking too deep into the chaotic market and stretching to look for meaning in something where there is none, or is all this connected and a way for whales to invest their funds from the incoming crash? I'll let you decide.
Thanks for taking the time to look at this and if you could, give me a like and share as it costs you nothing and has value for me it would be greatly appreciated.