Re: Hat Observer BTC/USD - Bitcoin price movement tracking & discussion
If no one is buying how the fuck the price stay there? Manipulation?
I am serious (this time), no one here seems to be buying right now, much less the "regular" people, so... who is buying to support the price?
I am serious (this time), no one here seems to be buying right now, much less the "regular" people, so... who is buying to support the price?
No matter what it 'seems', for every seller of a Bitcoin, there is a buyer of a Bitcoin. Sometimes, this fundamental principle seems to escape attention.
What I find most vexatious is how someone is only concerned about price manipulation when it is being held down and not when the price is rising.
Down = Manipulation
Up = Adoption/FOMO/Accumulation.
Oh, that's easy to explain: because the majority is long, not short.
Shorting is psychologically hard for most people. It's the same on the stock market.
It's not really lopsided feelings at all because there is a certain level of reality that down is manipulated more than UP.
The fact of the matter seems to be that people who want to push BTC prices down, are going to do so as long as they can, and as much as they can.
The main reason the price goes UP is when the down pushers and manipulators lose control and are no longer able to get the price to continue to go down.