From the article: "The bitcoin price is whatever the large players need it to be. The market is very thin and trivially manipulable with the billions of pseudo-dollars in unbacked stablecoins on the unregulated offshore exchanges. The price needs to be high enough so the big boys' loans don't get liquidated; but it needs to be low enough so that the bagholders don't attempt to cash out." There is no positive news or adoption that warrants a jump in price. This is pure manipulation and fraud. Retail traders would be wise to stay out of this garbage. Let the whales buy and sell to one another at whatever price they want to. #bitcoin #crypto #blockchain #fraud #binance https://mashable.com/article/crypto-prices-up-market-manipulation-bitcoin
Cue to cryptobros spamming the thread with crypto is the greatest asset ever, but chicken out when asked why ? It's a secret, DYOR 🤦♂️
Crypto is the second biggest scam in the world, next to only the current global monetary system
This comment deserves fleshlights
mashable, lol
You must be among the bagholders the article is referring to.
Lmao Matt Binder
Bitcoin market cap alone just went up by 100 billion USD in two weeks, no exchange have that much power. This smells like feds, CCP or Blackrock manipulation
Whales work with and across multiple exchanges.
Worked with crypto back in the early 2010s, and it was definitely like that. Now that there's more gullible people actually using it, it might have improved just because of sheer trading volume, but I still honestly doubt it.
Crypto is here to stay
Bitcoin is here to stay
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Retail traders have mostly exited crypto and the few remaining ones pulled crypto into their own wallets. This is a last ditch attempt by exchanges like Binance to bring back trading volumes by creating this price action. I hope governments step in to stop this kind of fraud.