RE: Bitcoin Takes Another Shit On The Market
This whole situation makes my brain start to come up with conspiracy theories. Why has no one been buying in before now enough to move the market higher? Look at where the caps are. It makes no sense! Unless someone's manipulating the market. Now all the alts are down...why hasn't anyone taken some profits from BTC and moved them into some alts? There have to be alts that people still believe in. Are all the true believers just holding bags? WTF is up with all of this shit?
There have to have been people that made sales with the spike in BTC. Then they went liquid...and I doubt they made all their buys. Are none of them interested in any alts? Or have they just not seen their moment to buy? WTF!
It feels like all the real movements in the market are fake, done by huge algorithmic traders.
It is incredibly suspect. Meanwhile, everyone else seems to be acting like it's totally normal. It's almost as if Bitcoin has been weaponized against the rest of the market. That's alright, I'm patient. I can easily wait to see what happens in December. I'm expecting some real fireworks considering how this all went down.
It's been kinda weird before even this latest movement. And it's not like there's some really good crypto columnists out there that I've ever seen. Every time there's a movement it's like they just make up some shit and write an article about it pretending like that's absolutely the reason...then later we find out, no, it was some idiot liquidizing some massive stack from someone that died. Similarly, when things aren't moving...we still don't really know. Perhaps the best thing about going more mainstream is that we'll possibly get people that are a lot better at examining the market and writing posts and things in mainstream media.
As to what's gonna happen...I'm waiting for the cork to pop on the alt-market sometime in the coming days or weeks.