Why bitcoin & crypto market fall? Is BTC & crypto dead? Another bear mode is soonsteemCreated with Sketch.

in #bitcoin6 years ago

Everyone is quite upset about the crypto market fall. Most of the immature investors took their money and escaped from the crypto market for ever. Is this the end of crypto market?? is bitcoin dead??

Today's crupto-market is totally different from the crypto-market which was in 2017. That market was full of investors and the community that believed in the future of digital currency (crypto-currency). But unfortunately this year about 40% of the market is under the control of community called whales.

WHALES?
Suppose I have 5000 BTC and I join a community of 10 people each having 1000 to 5000 BTC. If they combine sell their BTC to the market their activity cause serious fall in the market. And when market fall, They buy BTC again manipulating the market. Their single move either ads on million dollars in the market or remove on million dollars in the market.

crypto-whale.jpg

This manipulation in the market was started from February 2017 and still in process. Even a single good news about BTC or ETH can not move the market 5-10%.

The launch of Bakkt is held in December 2018. A platform where worlds great institutional investors come and trade. What do you think for starting Bakkt platform the company would buy BTC at the price of 6800$ or 6000$?? They were posing difficulties for BTC to cross 10000$ because they want to drag BTC back to 4500$ to take part. After starting Bakkt platform they will start trade world wide with institutional investors, so what do you think what will happen to the price of BTC than?? I am sure you got my point.

marzhinalnoy-torgovli-ne-budet-gener.jpg

A panic situation is always created before something special/big. I believe in crypto future and I believe that after launching Bakkt in December, BTC will give us a Christmas gift. Lets eliminate the panic situation in the market and start supporting the future of the crypto market. I am in 2020 to 2022 the market will be in trillions and so on.

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