It is believed that a small insignificant part of the asset (for example, bits) traded on the exchange (free float) "determines" the price of all bits in the world, including, as it were, those who own them and are not ready to sell at such a price.
Now ask yourself: how many of your friends have sold or sell now?? And it turns out, that either no one, either almost no one.
Thus, the cream of the whips on the exchanges and the price drop is fake. Fake drain, fraud and fraud. Keep calm and will likely see a $100k for the cue ball next year.
Do not forget that the owners of the exchange can draw any balance sheet (temporarily or permanently) and carry out any manipulation.
Don't let yourself be fooled. Keep the whips out of the exchanges if you don't need them right now for speculation.
If you liked my post please upvote & follow me.
Great post :) Thanks so much for sharing. Crypto is the future and will take over the world :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@originalworks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit