RE: Is This a Bull-Trap? Is the Market Being Manipulated by Stop-Hunters?
this is pretty pathetic, crypto was supposed to be a liberating force and now it's more manipulated than stocks and is beholden to the acceptance of the banking/financial establishment (e.g. ETF hopes) that it was designed to circumvent...crypto seems like a failed experiment thus far. but congrats to the dummies that made millions buying crypto years ago, and I call them dummies because that's what they are lucky dummies that put money into something without any reasonable basis for success...and even now there is no success, even now the status is completely unknown...AND yet people got rich off it...how is that possible? how did BTC go from $.01 to $20,000 for no reason but now good news does nothing and bad news tanks crypto. Why is it now we need 100 great things to fall in place for a meager rally but back then there were rallies 1000x greater for no reason?....dumb luck
I agree. We need regulations from the SEC, if we want see values take-off, but at the moment it's a market for traders, particularly whales, trading volatility and making vast sums off the back of the ordinary investor, but things will change in time.