It is funny how things play out and if you play too much you leave the door open. We have seen the manipulation of the crypto markets over the lat few months and has become a bit too obvious. Who knows maybe if there was no manipulation we would be in a different space right now. There could be tens of thousands of returned users trying to earn Steem again as it had gone up in value with the normal December bull run. It didn't happen and could be down to manipulation, who knows.
Bakkt, which is an exchange for institutions to trade their money had announced their launch date for the 12th December. False alarm apparently due to high demand and clients signing up. New date now set for the 24 th January. Whoops, false alarm again as they need the go ahead from SEC and only half the government working. New date to be set and have been consulting with their partners in crime working out when best to launch. Thoughts were originally for only a few days to be added delaying the 24 th January, but no announcement.
Something out of left field threw a spanner in the works today. The CEO of CoinFLEX announced they are launching an exchange for their Asian customers in February. Game over for Bakkt as this is serious competition and the timeline that they may have been dragging ,just shrunk. When you play too much, things change and just maybe the 24 th is back on track.
Time is something they don't have anymore and who else is going to pop out in the next week or so? We know how much this means to all of us and are sick and tired of the games and manipulation. Who knows what is going to happen, but it will be very interesting to watch this one play out.
Image source coinspeaker.com and news.bitcoin.com
Good. Its time to realize, in blockchain industry, there is bigger competiton, like the most of the companies tought. And maybe, maybe the winner doesnt take it all, but im sure, they cut for itself the biggest slice, and the second, third, etc players need much, much more work, to reach tha level.
What is also good.
Much work mean quality service, and we, as users want quality service. With or without manipuation, because in long term, the manipulation doesnt matter.
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I just read this today, but I feel like it still holds very true. Especially as I sit and look at the markets deep in the red again. It is sad that all of the gains we saw over the past month have basically been wiped out in one fell swoop. I can't wait for the days of more stability when the weaker hands have taken there leave and the manipulation is no longer as entertaining.
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I am hoping that it will stop in the coming weeks and expect it to still go down until then. The lower the price the better for the institutions and the squeeze is happening now. Three more weeks it looks like and then maybe a total turn around. We just have to wait and see how this one plays out.
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Howdy sircryptoandcoffee! So in other words, another waiting game. that's all we've been doing for a year now, lol.
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