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Why would these 5% not get involved, they probably drink in the same exclusive clubs as pump and dump merchants, they would be tipped off when the next run up is coming and when to take profits, that's how this corrupt industry works.
investor, I think you're right, if the big players let it drop too far the canon fodder (PIs) will lose faith in it, so dropping it a bit more from here then starting a new pump will probably work best for the Masters of the Universe.
CaneToad you have it pretty much spot on IMHO. In recent times, with many folk at home because of Covid, there has been a big influx of newbie PIs who don't understand how the markets work. This has made it much easier for the big players to pump and dump. They start with a few largish buys moving the price up. Pis with FOMO then start buying pushing the price up more, then a snowball effect with a mixture of PIs and big players continuing the upward move. When the big players stop buying and start to unlad (sell) the PIs continue to absorb the sells, convinced they are onto a winner. The big players continue unloading (dumping) until the price starts to drop, leaving many PIs marooned at the top of a falling market. It's been like this for years, just got worse recently. Just my opinion.
Yes good read Insider. The large increase in newbie players has made it easy for the big players to mislead, pump and dump. The markets are now heavily loaded against PIs, especially newbies.
tomahawk yo speak with forked tongue. You belittled boraki's post as though it were not true when it was true. You then come back and say your post was not referring to the current situation but to a hypothetical situation that BTC must go up because it always does. Deliberately misleading and unnecesarily denigrating to boraki.
I'm with boraki, this is a unusually rapid drop from 43400 to 41200 since 4 PM, from the 5day high to the 5day low. Look for yourselves. Can still go up of course. If it stays down this will be 78 in the morning.
https://www.tradingview.com/symbols/BTCUSD/
For school dinners in the 1960s we used to get corned beef, chips and baked beans. Lovely combination which I still make, but I always have tomato ketchup on the beef. HP sauce isn't the same since they screwed about with the recipe, less salt I think.
I omitted the word "under". I leave it to your intelligence to decide where it should reside.
Regulator, you come over as arrogant. I couldn't find the relevant regulations in a quick search, but if EU approved it after testing why would it not be acceptable here, other than the obvious, i.e. the need for Boris to demonstrate that we are no longer the (largely imaginary) European yoke.
Pernickety "placing too much emphasis on trivial or minor details; fussy."
Pernicity-no such word.
If you want to criticise use of English, at least get it right yourself for feck's sake !
Off topic, just for you Flowerpot, a gift from my past.
https://www.youtube.com/watch?v=NUij8ok0Nvc
HarChris
"we'd be talking bitcoin more or less in the hands of a handful of multibillion entities and possibly another couple of hundred thousand citizens who moved early/risked the house on it."
Yes, like it is now, unless someone cares to otherwise exrplain the huge movements, other than big players co-ordinating large buys and sells