BIG MONEY ARE USING OVER THE COUNTER TRADING TO SCREW US OVER

in crypto •  7 years ago 

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Source: Bitcoin exchanges are stepping up their game to lure high-speed traders like Virtu and Citadel

It's these underhanded moves by big money institutions that keep the prices of bitcoin down. All the while, they are accumulating more and more bitcoin under the table and causing the market FUD to keep prices down. Is this disturbing to anyone else? Banhammer these exchange cheaters.

Basically, the article states that big institutional money companies are involved in trading cryptos, but they are doing this OTC (Over The Counter), meaning off the exchanges (We discussed OTC several weeks ago in more depth). In addition, in order to attract more institutional money into the crypto market, exchanges are beginning to offer block trades. "Block trading allows investors to execute trades off an exchange main order book as to not move the market in a direction against the trader." Basically, block trading has a similar effect as trading OTC because both of these methods PREVENT the price of the cryptos being bought from increasing. Institutional money companies ARE BUYING AND TRADING CRYPTO HEAVILY AND IN LARGE VOLUMES, but those of us who are holding coins and waiting for them to moon may not see this happening because the big money moving around is doing this through a back door (OTC and block trades).

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I get it. In order for the crypto world to expand more and for us to see more gains, we need to draw in more investors. And in order to do that, exchanges have to attract them by doing this crap or by calling for more regulations. It's like a catch 22. This will help to also tame the market's volatility, and serve to attract more big money too. If more average people like you and I, got into the market, then we wouldn't need to do this stuff to attract the institutional money. I truly believe this is why there is a push against mainstream adoption. The more people like Warren Buffet, Bill Gates, Charlie Munger, and Jamie Dimon, Google, Youtube, Twitter, Facebook, can discourage/prevent the general public from knowing about crypto world, the more lucrative it is for them, because they can continue taking pieces of the pie without having to worry about the prices rising. If they had their way, I'm sure they will try to prolong this overall Bear Market as long as possible. Also, putting off mainstream adoption will allow the corporations named above and many more, to develop their products to be competitive in this market. They are just buying themselves more time.

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One thing I can say for sure is that LOTS OF WEALTHY PEOPLE ARE INTERESTED IN OR HAVE ALREADY JUMPED INTO THE MARKET. So for anyone who publicly states that crypto or bitcoin is a scam or is fake or is stupid or not worth the trouble to invest in (Jamie Dimon, Bill Gates, Charlie Munger, Warren Buffet)...take those words with a grain of salt. The fact that huge buys are happening off the exchanges only indicates that crypto is a highly desired asset. If you're not holding any yet, reach out to us and we will guide you on how to get into the market. The future is looking quite interesting indeed.

Do you want to see your investments moon? Then get out there and evangelize to everyone you know about getting into crypto! Knowledge = Power = Succe$$. Best endeavors.

This is not financial advice but my educated opinion. It is very important that you do your own research and due diligence as we are not financial advisors. Always DYOR = Do Your Own Research!

[Knowledge is Power] + [Time is Money] = $ucce$$!!!
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This is very important post for all , like it very much.

Thank you. Please resteem so more people can be more informed.
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You got a 3.17% upvote from @nado.bot courtesy of @cryptoautonomy!

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Its certainly no coincidence that since all this institutional money started moving in that the price has been so stagnant.

As soon as some momentum starts its quickly stifled.

The only thing you can do is accumulate more yourself.

Correct! Accumulate, accumulate, accumulate.
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