Bitcoin is down at $7000 right now. Why? It fell over 10 % recently. Litecoin is for Black Friday special sale at $ 112, nobody has seen this one coming. What happened? Coinmarketcap removes South Korean exchanges. With that the price of Bitcoin fell dramatically as a result. Korea values Cryptos higher than the rest of the world because it is much harder to get currencies in and out. Coinmarketcap excludes the price of Korea, so that makes it appear Bitcoin is falling. Another reason was a sell off by large volumes. Large Bitcoin holders are selling. You can see the large volumes that cause sell offs.
I have predicted the markets accurately and even predicted the dips that started in January. But I also predicted that the market would blossom in spring. I see this market still going up.
On Fox news and Cnbc news a lot of financial experts recommend now Bitcoin and are bullish on Bitcoin even though temporarily we see these low prices. These sales flooded the market with Bitcoin that created the price to go lower. The problem is this might be happening again as large Bitcoin holders keep selling Bitcoin and they have billions of Bitcoin.
The market wants to go up like we thought, but these people are selling tons of Bitcoin that have all of the sudden decided to do this now. People have free will and we cannot always predict people's choices that is causing the prices to go down.
Some regulation might be good for Cryptos because it gains confidence. Cryptos are the future. Kiosk where you can make Crypto transactions are popping up all over the world. Soon you can pay in grocery stores with Bitcoin. It will be bigger than the internet, this is just the beginning. This is the future. We will surpass these lower prices soon. It is just a matter of time. As soon as Bitcoin goes higher over $ 11,000 this will psychologically drive the prices much higher quick.
This type of sell off these days is an intentional sell off intended to lower the market, there is something strange going on. I can't avoid my feeling that they found a way to manipulate the market. The problem is whenever Bitcoin will be going up again towards the $ 9000 mark they will do this again. These people can do it over and over again, they can crash the market by dumping Bitcoin so low, and then create all this fear in the market, people sell it and they buy it lower, push the price up again by bying it lower, and then sell it again when it goes up, they make money like this. This explains the large volume I have talked about before, when it goes down. What is so strange, how come they are able to do this while we can only buy or sell so much cryptos, people like as are limited, and who are these people who can buy and sell unlimited amounts of cryptos? It is not legit but this does not prevent us from keep believing in Bitcoin and the Altcoins. Bitcoin technology, will change the entire world and this it the future way of payment. Remember a lot of people will buy Bitcoin when it goes lower and big investor money will eventually come in who will keep Bitcoin long term. Several banks are starting to like Bitcoin and are adding it to their investment portfolio. The solution in this market: I would sit back and relax. Better times will come eventually.
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