Hello,
Okey, so today has been a very intense emotional rollercoaster for all of us that are holding any (pretty much any) digital assets. We have witnessed one of the greatest falls the crypto market has yet experienced.
The image below summarises what has happened
So my question is, does the 'top dogs' in this game know and maybe even manipulate the markets. If so how are they achieving and getting away with this?
Etoro (A major crypto trading platform) had announced, shortly before today's chaos, that they would be removing all crypto stop losses due to expected volatility. hmmm??? Did they know this, and wanted people to panic sell at a loss, earning them $$$ or was this a mere case of legitimate market/data analysis predicting future occurrences?
Charlie Lee (LiteCoin founder) had made a very humble (or so it seems) announcement that he has sold all his LTC due to not wanting to be seen as manipulating the markets out of his best interest. Although having all the time in the world, why did he chose specifically! LTC's highest before the free fall. Coincidental? Who knows... I would like to add however, this likely just be my mind procrastinating. Charlie Lee is probably an innocent angel.
This is his Reddit post if you haven't yet seen it.
So, what do you guys think? Do you have any examples of suspicious movements you would like to share? Or am I being crazy and this is a totally expected, normal retracement?
P.S. HODL!!!!!!!!!!!!!!!!!!!