Quote from: kingcolex on January 16, 2018, 02:30:54 PM

Quote from: andyandyuk on January 16, 2018, 12:04:00 PM

Crypto price is heavily driven by news and now large trading institutions that have the ability to manipulate price with high frequency buy/sell/cancel orders. This is normal.

Seriously, crypto is not for you if:

1.   you are looking for short term gains and need to get your investment back in the short term
2.   you are checking the price every 5 minutes
3.   you cannot afford to lose your investment.

Many will panic sell. This is also normal and will have minimal impact on the price compared to major investment sell-offs, which is unlikely, except to leverage an even better price. Others will be using this opportunity to buy.

There are only 2 legitimate threats to crypto:

1.   Widespread government/bank regulation or prohibition
2.   Big players and powers that be manipulating price like they have done with gold and silver for the last decade.

The #2 in legitimate threats is already real, and it is also coming from its competition via fuckheads at bitcoin cash.

Yes, I am seeing that too.