Everyone is talking about the going into the red, the blood bath. I though have been doing my own checking. I have noticed in random searches to various cryptos, Bitcoin, ether, litecoin, status, etc picked some that I like and then even steem.
Seems no one is talking about the connection between them, that is that when one turns, they, for the most part follow suit. Yet the consensus by the majority of the independent news and veterans of cryptos is that news on one sort or another is effecting this one coin or token. Yet, I notice that all the currencies are being affected by the same effects of one, and ALL rising at the same time? Yes there are always a few strays or stragglers out there that seem unaffected by the whole groups direction.
Now I want to express my opinion on the observance of mine that makes this different.
1. I noticed that ALL in March, April and or May began moving up at an accelerated rate at the same time.
2. They crash in unison.
3. this last time of a week or so, I noticed that they all were sinking.
4. Now I wake up and look at the charts, and low and behold around 9- 10 pm central time. they all began to have volume rising and then this morning, the whole as a group has began to rise, gradually into the green.
This cannot be normal. Unless they are all tied together financially, which I cannot believe. Or they are being manipulated.
I have seen this very manipulation in Silver and gold over the years especially since 2008. and continuing. There were official chart prophets continually going to their charts to prove that the prices were going to move in one direction or the other. I lost tons of money. Oh I still love and will hold on to what silver I have. But, my point is.... be careful. I just can't help but think they will bring down the celebration in cryptocurrencies and the party atmosphere that has everyone cheering on to the winners of the past few months. Don't get blinded.
Please comment and let me know how you feel about this ...