Post
Topic
Board Speculation
Re: The next Bitcoin manipulation prediction
by
pooya87
on 29/04/2021, 04:46:08 UTC
Price corrections happen. I'd be more concerned if bitcoin just went up in a straight line without dips.
That's true but when the "correction" happens after a large scale FUD campaign (in this case: hashrate drop, China controls bitcoin, bitcoin is dead campaign) then it is not such of a correction but a manipulation panic sell.
There is also difference between the time it took for the drop. A correction is always slower and for example a 10% drop takes much longer than half an hour. A panic sell due to FUD on the other hand is always super fast like this case.
Also we already had a correction after going above $60k between March 13 to March 25. Having another one in April doesn't make much sense.