Stocks are also going down pretty hard (in terms of stocks) since friday. Was the cryptocurrency crash before the stocks coincidence? I don't think so. Governments knew that the interest rates are going back up after years being 0 or close to 0. Now the interest rates started going up again and they knew this would trigger a "crash/correction" in stock markets because now it's more "interesting" again to leave your money in the bank. It was a certainty if interest rates would go up that prices of stocks would go down to more reasonable levels (still it's waaaay overvalued). So did they manipulate the crypto markets first by spreading fud, regulating and most likely manually let the prices go down before the crash of stocks would happen? Cryptocurrencies are more needed than ever looking to the current financial situation worldwide. Fiat and financial markets are ticking timebombs and the only way to escape this is cryptocurrencies (or real estate etc.). Probably the monetary system as we know it can last for many more years, even decades or ages, but eventually it will collapse because there is no way to escape it. Then crypo will be there to catch the fall.
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Great time to go long on the S&P 500!
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/watch?v=bcyNVoIcytM
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Hey, do you think this ease of market manipulation by 'whales' and financial institutions can be stopped? Perhaps not by regulation because that defeats the point of de-centralised systems, but can the technology somehow overcome this issue? Be interested to hear peoples thoughts?
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Why stop it? Just ride the waves. The whales manipulate the markets up and down. So buy when they're manipulating it down, and sell when they're manipulating it up. It's these crashes that give little fish like us a chance to get in the game.
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Fair point. It is how I've been making gains in the crypto market recently. Maybe I'm thinking more about the huge pump and dumps for massive short term gains. Cryptocurrencies and the blockchain are trying to offer an alternative to using financial institutions that line the pockets of the mega rich, yet it's those same people able to manipulate the space!
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That's just the free market. The real danger in in the kinds of socialist policies that aim to protect people from their own mistakes through regulation, but shut the door for small investors at the same time. That and money printing by central banks, again to support socialist policies.
Don't blame the rich, take responsibility for yourself.
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It's just because we're such a small asset. This will get better, though we are depending on what the whales and governments wants to happen. If they embrace it, we're taking off big time.
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Interesting
I will follow you to see your future posts! +vote
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Cheers!
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As always, very informative video, thanks.
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Thanks mate
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