Post
Topic
Board Altcoin Discussion
Re: Aren't we killing the market ourselves?
by
rickadone
on 15/12/2018, 13:10:07 UTC
Most people are here complaining about the dip in crypto and asking when the market is going to recover, yet they are the same people busily dumping all their holdings hard on exchanges. Who should continue holding and stabilize the market for you? Don't be a selfish investor.
We are also keeping the market alive ourselves as well. Crypto markets are not something that is regulated or controlled by any one power. Which means there is nothing that backs up crypto prices neither. When bitcoin worth $20k at its height it was there because people believed the price should be like that and we valued each bitcoin that much.

When bitcoin drops to 3 thousand dollars it is not because outside affects, it is because people with bitcoin sold their bitcoins and there was not enough buyers which means we killed it ourselves. Whatever happens to any crypto currency price ever, it happens because the market (meaning us) decide to make that. There are no government regulations on the price, no one will go to jail for manipulation bitcoin prices. Hence we do kill the market but we also keep it alive at the same time.