As of lately with the boom in the crypto space the biggest thing i think we are glazing over because everyones still in the market hysteria whether they had big gains or big losses this last two weeks was crazy. its also bringing some other issues to light that are dismissed or going by un-observed... first things first this is the wild west and i get the fact there are ups and downs and sideways.. the biggest observation i have had over the last 4.5 years in crypto is it this limbo between regulation and deregulation... coinbase as if i'm sure most of you are aware was again as per usual of anytime theres a larger market drop in crypto history was "down for maintenance".. the amount of this kind of shit that happens is what really gives me pause with the direction of crypto in general.. these bold claims that "its the decentralized future" "its this and that" sorry but i don't buy it.. these places that at the drop of a hat turn off their systems for maintenance right as people try to pull profits? poloniex doing the same a few weeks ago? decentralized isn't the word for it.. its actually become more and more centralized.. miners letting transactions pile up.. arguments about scaling that rips the price up and down.. how is this any different than what is happening in the world of fiat???
early days or not its truly not the direction i saw crypto going.. i thought this shit would clear up after a couple years as this space found its footing but its only getting worse.. not to mention looking at the markets right now my guess is the big guys have figured out how to fuck over the market without disturbing the base like they are pumping a well.. look at bitcoin the last 12 hours... goes up 5 billion (think about the market a month ago this is 50% of that market moving).. drops 3-5 billion.. goes up same amount.. goes down.. goes up same amount hits that threshold and goes down.. just like an oil pump slowly pumping out money.. sheering the sheep wool but not slaughtering it.. you can kill it a sheep once but you can keep shaving off its wool for far longer.. thats what i think the new approach the big money has for this market.. just keep pulling small profits.. they are seasoned.. they do this shit on wall street all day only with far larger amounts.. with that said if you have the time just sit and observe the whole market for a bit not just the thing your interest is in but the whole space.. this isn't the same pump and dump crypto has had in the past... fidelity investments is mining now that alone should tell you who's really starting to jerk this market around.. forest for the trees..