^This.
Everytime the market dumps, it's manipulation.
Everytime the market pumps, it's manipukation.
Don't stress yourself trying to figure out what happened because you will never know unless you are the person who sold or bought at a huge quantity,
Topic: What the heck happened to the prices? - page 3. (Read 499 times)
Don't try to focus on these conspiracy theories, focus more on your money management so you don't get eaten by those sharks (we call them whales in crypto).
If you're a trader just make sure every trade you start is made with a simple Take Profit & Stop Loss.
Crypto market is volatile & this is the only you way you can survive it, your strict money management, don't focus on bulshits of crypto conspiracy theories & bla bla bla. Those whales are here to make money just like you, the difference is that they know who to do it & it's time for your to learn that, there is no mercy in here whether you're a winner or a loser, nothing in between.
If you're a trader just make sure every trade you start is made with a simple Take Profit & Stop Loss.
Crypto market is volatile & this is the only you way you can survive it, your strict money management, don't focus on bulshits of crypto conspiracy theories & bla bla bla. Those whales are here to make money just like you, the difference is that they know who to do it & it's time for your to learn that, there is no mercy in here whether you're a winner or a loser, nothing in between.
I came a cross this video https://www.youtube.com/watch?v=9LhK5kQqON4&t=872s giving a suggestion why the prices dropped.
"Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. "
Maybe if the prices recover soon (as we already see green markets), this will turn out right.
"Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. "
Maybe if the prices recover soon (as we already see green markets), this will turn out right.
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