Post
Topic
Board Trading Discussion
Re: yesterday's drop in prices, was it natural or man made?
by
Ratimov
on 08/09/2021, 17:59:26 UTC
As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?

Do you think the market lives by itself? There is always a person behind any action on the market. Is always. The market is the ratio of supply and demand. Someone buys, someone sells. Therefore, any price jump, be it a rise or fall, depends on what has outweighed demand or supply. And, of course, people rule the overweight. Those who create supply and those who create demand.

Perhaps you meant another point. What was that yesterday? Natural correction or manipulation in order to collect as much money as possible from people, because corrections are often accompanied by multibillion-dollar losses from traders.