Post
Topic
Board Bitcoin Discussion
Re: Billionaires buying Bitcoin
by
Lucius
on 18/01/2018, 11:31:16 UTC
There is a lot of talk about institutional money coming into btc. Does anybody think they wana buy it for 20k? They have money and resources to make a dump. If we want mass adoption and big money flowing in we have to expect things like this.

If you think yesterday events have something with big players who want to buy large amounts of BTC and before that they crash price down I think that this is not the case.For them even 20k $ or more does not represent a problem,the reason is simple, they have huge amounts of money and what is expensive for the average people is actually cheap for them.

Dump is always orchestrated by big players who have power to move markets up or down-BTC is available to everyone,it can be bought by Bill Gates or you or me.I agree that we will see a lot of different manipulations in future,those who are aware of it will always make a profit.