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“The crypto blogs put forward all sorts of bad reasons — it’s capital flight from China! It’s Bakkt offering Bitcoin futures! It’s Flexa offering retail payment
by AznHisoka 7y ago
“The crypto blogs put forward all sorts of bad reasons — it’s capital flight from China! It’s Bakkt offering Bitcoin futures! It’s Flexa offering retail payments in crypto! It’s Microsoft experimenting with the blockchain! — even though this was really obviously a manipulated push like so many before.“
All reasons for the price to rise or drop are obvious in hindsight. I like to see pundits make these predictions before the price event. Better yet, buy or short sell BTC, make a screenshot and put your money where your mouth is.
- thelasthuman 7y agoSo figure out when market manipulators are going to act? You'd have to be colluding along side them to know this.
- devin 7y agoI think you missed the point. All the poster is saying is that these crypto analysis people should actually attempt to predict price moves based on market forces instead of explaining movement in hindsight.
- zwerdlds 7y agopundits have been pointing to market manipulation for a while
- davidgerard 7y agoI have been saying this is how it works for a while, so I claim my "I told you so". > Better yet, buy you wish > or short sell BTC Shorting you can trust turns out to be something Bitcoin doesn't have yet.
- codyb 7y agoI think the author links to a post where they predicted this would happen during the upswing in the first few paragraphs actually.