Topic: Cryptocurrencies in Panic More: Five Reasons for the End-Of-Year Crash (Read 180 times)

True, I know people are panicking and selling their BTC. I won't. Well, I intended to pull some and convert it for some Christmas treat but I can live without that.

What I find funny was as most of my news subs are talking about bitcoins the past few weeks, no one but RT has started reporting about impending regulations from the EU. Call me a tin-foiler but I think most media is quiet about it is because there actors manipulating this and they know it.

You lose, they don't? They are already losing and running scared. HODLers hold Bitcoin, and they don't care about drops, they just provide chances to collect more Bitcoin. I don't think it is the Bitcoin whales either, it looks to e as if it is the Deep State  bankers.

Have a great year HODLers, and ignore the neigh (sic) saying day traders.

dear ThrowAway account,
here's how futures trading on CME works.
- you can not use it whenever price is dropping hard.
- when the price has dropped more than 7% they close the market!
- whales who want to short, do it on exchanges that have been offering this feature for years without the 7% limitation.

have a nice day creating new accounts.

While the larger world economy right now is well-supplied with liquidity, courtesy of years-long quantitative easing policies by central banks, the crypto market may be low on fuel. So there just may not be enough new wealth entering the market at the very high prices..

While the market cap of all crypto coins was around $15 billion, one could easily find another $15 billion of liquidity to buy it all up several times. Some believe it was the launch of futures that triggered the drop in Bitcoin's price from the recent heights..

But no one can say for sure what is happening behind the scenes, and Bitcoin futures trading almost matches the spot market. Some believe whales may already know how to manipulate the market: This is just how the world of cryptocurrencies works, and the sell-off is a natural part of the lifecycle..

As the market enters uncharted territory and 2018 looks promising in terms of technology, the prices may take any direction, as well as the projects. And no one knows which asset would attract the attention of mainstream investors and reach mind-boggling market prices a year from now

Dear HODLers,
Here's how the bitcoin whales will play you:
1. Whales sell futures on CME
2. Whales dump bitcoins on exchanges
3. Price tanks, but futures position offsets losses.
4. You lose, they don't.
Have a nice day

https://cryptovest.com/news/cryptocurrencies-in-panic-more-five-reasons-for-the-end-of-year-crash/