Post
Topic
Board Bitcoin Discussion
Re: This is a good time to switch off from the crypto market
by
Itjoker
on 15/05/2018, 15:15:36 UTC
People on youtube are saying the current market is being manipulated by the deep state. They are trying to control the market, the same as they did with gold and silver. Trying to get the weak hands to sell so the rich institutions can buy it up on the cheap. They don't loads of new millionaires who don't need to work or rely on the system being created.

There doesn't seem to be an end in sight and as investing in bitcoin and crypto is really addictive, time consuming, fun, energy sapping, exciting and distracting this is the perfect time to switch off for a bit. And its been quite nice not to have everything crypto running in the background of my mind all the time.
To some extent I do agree with this opinion. Really bitcoin and in general the entire cryptocurrency market has been behaving lately, as if someone is controlling it. For example, the price can simply fly up or fall without any reasons (news). Or stay at a certain price level and stay there for a long time. From a technical point of view, it is almost impossible to explain this.