Great news everywhere today and Bitcoin price goes vertically again!!!
Shotted from 6000$ range to 7500$ in few hours after Bloomberg announced that BlackRock is looking to invest in cryptocurrencies and Goldman Sachs will hire David Solomon, current president of the New-York headquartered multinational Lloyd Blankfein in October. This guy is crypto-friendly let's say and this is huge news because trillions will be pumped soon.
They will take their positions now when is still cheap. Be wise guys do the same what the big guys do!!! Take your positions the race is started, again.
Taking into consideration last weeks looks like the bullish market is ready to start. What do you think am I right?
And now what we are seeing is that the market is falling off a cliff, all the market is down and most coins are down by double digits and many people are very scared about what is happening, it is entirely possible that those people never have the intention of creating anything and they did it so they could then announce that they canceled their project just to make the market crash.
I thought a long time ago that this market is manipulated and last weeks shows that this is the case for real. I am not surprised that all ETF's so far where postponed or denied. Cryptocurrencies market needs more regulation to stop whales from price manipulation. If they are able to do it with BTC and ETH then smaller cap currencies have no chance at all. We will see countless pump and dumps, flash sales and all sort of bear traps until regulators will do something about this.
I understand that they are doing this because in such an unregulated market this is easy money for them. They have a lot of experience in forex trading abuse and now the crypto market is like New Eldorado for them.
For a lot of time I also thought that the market was heavily manipulated but I did not realize to what extent those that are powerful and have a lot of money can manipulate this market, unfortunately the only thing that you can do is to try to guess what they're trying to do and try to be in the right direction of the market, something not easy to do since we do not have access to that information.