Where is crypto going?
Recently I tried to ask some of my friends about their intake and what they think is happening in crypto space. For the past 8 month crypto has been going through ups and downs and for those that know more about crypto they will understand that the market is being determined by some people.
Many of us believe that when the whales are buying, the crypto market always experience some gained, while if the whales are selling their holding it reflect on the market. Well this could be through but I don't totally agree on this.
I don't totally agreed because lately crypto market is not reacting to whales enter the market, honestly I keep wonder what is happening with crypto, it seems some set of people are behind playing the game.
Some people are behind the crypto market ups and downs let be sincere, they are playing the industry like a game and their reaction is what effect on the market. Though I don't know who are they, but I noticed lately that crypto market react to any event either bad or good that happens in crypto space. Honestly if I want to look into this I would take SEC and US regulators as major player in determine the crypto market.
Whether it's SEC or regulations bodies against crypto companies always caused ripple effect on the market, which I think it part of plan on how to dictate the market. They bring the market down to buy the deep and make a plan on how to take a profit.
In terms of volatility, crypto is volatile but is that how too volatile crypto is that the bear market take so long. One bear market now looks like 3 season of bear market and this has caught people to react to this that this is more like game.
Don't be fool, the future of crypto is now at stake, some people are now playing crypto as game, deciding when the market will go down and when the market will rise. I suspect regulation framework in USA behind the scene,
Everyone know the future of crypto is unpredictable, and crypto will revolutionized the world but whenever. When the market is experience a gain, they came up with an issue to bring the market down which we deal with it for so long.
Regulators in US against any crypto companies always brings the market down, they come with different stories when the market is bullish, and bring the market down just to slow down the process and the journey.
Or what did you think about where crypto is going, I might be wrong about US regulators but I'm sure some people are behind the crypto ups and downs.
At the moment, Gensler and the SEC are behind the dip. But the moment we have like two to three months of clarity without any FUD from the SEC. prices will eventually go up.
Honestly it will be good if the surge is going to happen soon. It's high time for them to stop all these dramas.
Thanks for sharing your thought sir.