Are we going to get rid of market manipulation someday? This is so frustrating... Bitcoin could be doing much better right now if it wasn't for this Grayscale bullshit. This company holds too many coins, and even worse is the possibility they might purchase large chunks of Bitcoin, once they crash the price to the dip.
Who might be buying the coins Grayscale are dropping on the market for sale? Another whales? I don't hope so... It should be an opportunity for small and new investors to reinforce their wallets with more BTCs and decrease the power and influence of whales inside Bitcoin market, at least a little.
I'm telling people to invest in Bitcoin, because this is a golden chance before the halving event, but after seeing what this Grayscale is doing, I'm not sure if I should keep encouraging people, or if we should wait the price to crash further in order to buy. I confess the influence range a single whale has inside the market worried me regards the future.
it sounds to me that you are focusing too much on bullshit and lameass dumb manipulation theories that do not matter, and of course the bitcoin price is going to correct from time to time.
What do you expect?
The BTC price is just going to go straight up?
That makes no sense.
Bitcoin price has never gone straight up, even during very exponential times.
The punchline is that there is not as much manipulation as you likely think, and sure there are various kinds of issues in bitcoin and there are going to be powerful players who manipulate and try to manipulate within a range but they are ONLY able to manipulate so much, so if you are not ready and willing for those various kinds of ongoing bitcoin battles, then maybe you are overinvested in bitcoin. You might need to take a little off the table, or stop investing so much. If you take a smaller position, then you likely would not get so worried about the BTC price going up and down.. because when it goes down you would either be able to buy more or just continue to DCA... or some combination of the two.
With any investment, including bitcoin, it is not good to get overly emotional about it, and you should be creating strategies in order to attempt to cause yourself to mostly be emotionally neutral even if you do better if the BTC price goes up rather than down, but if you don't have more than a certain amount in bitcoin, then you will be able to tolerate and accept it not going down.
No matter what the BTC price I tell people to get the fuck started as soon as possible because it can take a bit of time to get set up and to get used to buying $100 per week, $10 per week or whatever their buy amount, and of course, it feels worse to see them maybe overinvest and then the price goes down rather than up or it might take a few years for their BTC stash to get into profits... so I personally don't have any problem suggesting that people get started as soon as possible and to get the fuck off zero and consider anywhere between 1% and 25% as their allocation, but they are responsible for their own decision regarding whether or not to get in, how much to invest and don't come crying to me if they lose money since there are no guarantees, and having said that, you can invest into bitcoin and study what you are investing into at the same time so you can learn about what it is that you are investing into, but you don't need any kind o extensive knowledge about bitcoin in order to get started as soon as feasible.