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RE: The Crypto market is getting thrashed, here's why...

in #bitcoin5 years ago

Yep. It's happening globally. Look at Blocktrades, you must KYC there now too. It seems there was some unreported regulations that were sent out to all exchanges/brokers to comply with... or else.

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Some people were upset about Blocktrades but they didn’t have a choice, these regulations are coming.
Now with the Federal Reserve stepping up there game, the crypto markets are just reacting........,.
It never ceases to amaze me that all they need to do is make a negative statement and the market dumps.
So many high frequency traders with algorithms built in to react to “Talking heads”🙃🤔

Yep. They read news headlines and react. Then you have algos trading off the moves those algos, and more algos trading off those algos, and then even more algos trading off those algos... before you know it, it's all machines trading off of machines!

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