Are there really people that are actively engaged in manipulating the Crypto Currency Maketplace?
In a word, YES!
Crypto Buyers are starting to feel a bit overwhelmed.
The price fluctuations are a serious problem for many that are interested in bitcoin but are not sure if they want to chance the marketplace.
That is a wise decision and one that for many reasons could save you a lot of time and money.
One of the biggest problems right now is Options.
Options are sold by large companies that basically allows participants to “Bet” on the outcome of the price of Bitcoin or many other things as well.
In the Stock market world there are rules in place that are governed by various agencies that investigate problems.
You would think that after over 100 years of this kind of issue people would know better than to try to “Fix” the market so that their bet turns out as a sure thing.
There are a lot of people that are in prison right now for doing or we should say trying to do this very thing.
In the Bitcoin world, BTC for short, some people feel that they can do anything they want to do and it will not matter.
So, right now the only people really making anything trading BTC or Bitcoin are these rule breakers.
What they do is to manipulate the market using several accounts, they buy and sell at certain price points.
Both on the sales side and on the buyer side.
They do this at the same time.
So, currently the price is being manufactured.
It is being held down to below 59,500.00
Now this is very unfair to the entire marketplace and it is even more unfair to companies that are producing software products to help people trade better.
When the average or even above average trader cannot profit because the market is being manipulated to stay lower than it should be then no one can make any money.
They want the price to stay around a certain price point.
They do not want it to go too low and they do not want it to go too high.
So, unless you were lucky enough to have traded when the price was NOT being determined by wealthy individuals with an agenda then you are probably looking at Bitcoin and other Crypto currency and thinking you know this does not look like something that I would be interested in.
That would be something to consider, (this is not financial advice) always consult with a professional before engaging in any kind of investment.
In many ways I do not blame people for backing away from BTC or Bitcoin or any other digital currency.
As an example, today if the price goes one inch over the 58,000.00 mark some accounts come and dump a lot of BTC on the market in order (allegedly) to force or push the price down lower.
You can see this easily the price has been “kept” at between 58,300 and 57,700 only occasionally going higher or lower.
When this kind of thing happens it is a real problem for everyone.
Sure the exchanges make money and the big players make money but everyone else is digitally strangled by these “players” so what can the average person do?
Nothing.
The truth is that when this kind of thing is allowed to go on there are no winners in the real world.
(this is not financial advice)
In many ways it might be better to see what happens next because the more this happens the more that prices will keep going down until people are no longer interested in the market.
Now, that might seem a little odd to the trader but a large part of what has made Bitcoin so valuable is the interest from the average person.
IF this continues the average person is going to lose interest.
So, back in the real world many people are beginning to ask the question When will the exchanges take some action because they have to know this is happening.
There is no way they do not know this is going on because on one of the largest exchanges it is happening and rumors say that they are going for a direct listing soon.
Perhaps even this month.
But will that affect this (poor mans IPO?)
Who knows, one thing is clear if they expect to do well on this direct listing they are going to have to “clean up” a lot of what is wrong and a lot more of what is being allowed to happen.
Who knows what the future holds but one thing seems clear if it keeps going the way it has been going the last three months, well the market is not going to support Bitcoin.
Not only might it crash but it could become worthless.
I hope that does not happen but it seem clear that something is very wrong in the BTC world…