Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Did anybody notice the China sell off?
My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.
Any other views out there? Thanks.
My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.
Any other views out there? Thanks.
Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is.
Why it happens so often that a few thing hit at the same time in a bearish market? Is it managed by a manipulator? Or anyone give me a philosophical explanation?
I can give you a psychological one: It's all in your head. All kinds of things happen all the time, but the pattern recognition engine that is the mind mostly ignores it until it can link things together in a narrative. A lot of the time, that narrative is entirely fictional.
It's strange that people quite often have the same fictional pattern in a bearish market. This clearly makes the market even more bearish! It's hard to understand its only fictional.