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Yet another crypto crash....endless spiral.
#1
So this morning the coins are crashing again and prices are reduced yet again. Bitcoin is below $7000, ETH $133 and xrp below $0.2. LTC even worse and now below $40 with a price of $150 earlier this year.


It's BAD. I hate to see this development. It's clear that the market is manipulated and big money goes in again but the question is when.
Cardano is the most promising 3 gen. crypto right now.


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#2
Whose money is it though? Is it crypto sharks or some of the big financial players flexing their muscles?
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#3
(2019-12-19, 11:14 PM)BobBobert Wrote: Whose money is it though?  Is it crypto sharks or some of the big financial players flexing their muscles?

I don't know for sure. There are more players. The exchanges them self are know to do manipulation.  Then there are some very wealthy who can do manipulation alone. The less volume pr. day for a specific coin the less funds you need, but then the risk is higher of course. If you bought for $100 of rimbit then the price would probably go up 3000% or something like that.

Then there are coordinated manipulation where a "pool" of people listen for a pump signal to buy a specific coin and then sell a bit higher. I have shown a photo from December 12 for such a signal. I don't know if it's legal or not but it's there so be aware of that. I'm sure similar systems exists in the stock market.

[Image: iPIiAk6.png]
Cardano is the most promising 3 gen. crypto right now.


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