I am really worried to see the community is largely depending on the SEC's decision and the market reaction is not good. Aren't we moving away from the original goal of cryptos? Aren't we giving away the powers to the hand of regulatory authority and becoming dependent on their decision??
People in general aren't doing anything other than following the hype, and they have little to no power to prevent this from happening with how bearish the sentiment is.
It's not the small fishes that we see affect the market, but well coordinated market movers trying to utilize every bit of the mainstream rubbish the noobs think hold importance. If these market makers want, we are back at +$8000 tomorrow and then a couple of days later back at $6000. It's purely manipulation that drives the market without any legitimate form of demand being added to the market. We have to suck it up and accept that it happens.
It wasn't all that long ago where people were hyping up the negative impact of Facebook's ad ban. People here are just empty headed chickens following the price activity in relation to what the mainstream media tells them is the reason for that activity.
