Dear Diary: The Bear Market Killing Spree Is Affecting My Feelings Now
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Now I am feeling the "shakedown" because as I was holding tight there might come a time that I might let go and sell, sell, sell. But I will not do that unless I have nothing left anymore. The unrelenting bear market in the crypto space is just killing lots of traders and holders now and I keep on thinking who are selling at these low low prices, are they mad?
Or is it just manipulation, I believe so because it also happens even in the stock market as some people or entity have funds just for the purpose of rigging/manipulating the markets for the reason that some really knows how the markets work and if they do have the know-how and the power to spin the markets for their greed then who's stopping them?
For me we just live in a world where we are all prey to some in the higher-ups in society as if we are just helpless no matter what we do either to work smart or work hard it doesn't matter if the game is rigged and we are not in the "club". So maybe praying and praying hard for these kinds of people to lessen their greed so others may get a piece of the pie might make some difference.
Your problems are the size of your aspirations.
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Due to overuse of comment voting, no longer will bids be accepted. Action taken, user ban. Comment voting disabled.I feel like the big players are just buying low and selling high into oblivion. I really regret all these big bankers and market manipulators getting into crypto. I guess it was inevitable for mass adoption, but they are manipulating it easier than they do with fiat.
It is terrible that it happens and it is a real thing and we just hope that big players won't really get to control cryptocurrencies.
@cryptopie, this is just a game that the whales play. Here's an article for ya.
https://ambcrypto.com/12-3-million-litecoin-ltc-worth-380-million-moved-into-new-wallets-by-suspected-whale/amp/
And another one is:
https://ambcrypto.com/bitcoin-btc-transactions-worth-364-million-seen-since-the-start-of-december-2018/
Everything is basically rigged. They wait for it to get really low and can't stand it anymore, and then they move large amounts around to cause what SEEMS like the Crypto Dooms Day. Then it causes people to be distracted about their own money not paying attention to the fact that the whales then go out and buy a whole bunch of cheap crypto to sell for expensive later on.
If smart, once a whale, always a whale.
But in reality, the whales are just manipulating the market and anyone normal who isn't patient enough....will lose everything they got. All we can do is to wait it out. Cheer up! If the bear market doesn't go up by December 25, 2018, then I will start to wonder. Until then....crypto on!
Number One Rule of Investing/Trading - Do NOT Invest or trade more than you can AFFORD to lose.
No. Two Rule of Investing/Trading - Do NOT become emotionally tied with the investment or Trade.
Final No.Three Rule of Investing/Trading- Reread no. 1 and no. 2 until you become blue in the face and it is ingrained in your head ;)
LOL yes.
It is like "Be greedy when others are ........ Oh the market is down another 5% Faaaaaack!"
Haha, wonderful prayer point. An amen to that.