07-21-2021, 11:16 PM
Not everything happening with prices has to do with conspiracy theories. There isn't
<!-- SC_OFF --><div class="md"><p>I'll start this by acknowledging that manipulation does exist and it is even more rampant than the stock market due to crypto's unregulated nature. And I will admit there's something re assuring to look at Wyckoff charts expecting another pump.</p> <p>However...</p> <p>According to most YouTubers and traders and sentiment peddlers in this space, there seems to be a secret group of 'they' who move as if possessing a singular will in well rehearsed cadences.</p> <p>From game theory perspective, this assumption is false.</p> <p>Most whales and institutions have their own priorities and interest, and those groups are just as likely to compete against one another as they're likely to cooperate. Fact is, we can't know for sure. So it's nonsensical to think that whenever you lose money there must be some kind of high powers that are behind it, hell bent on reducing your holdings to zero. I've seen it all. I've seen Asians blaming the Westerners for 'selling' and I've seen the Westerners blaming the Asians for 'dumping'. Likewise, I've seen people attribute pumps to different demographics across the ocean.</p> <p>This leads us to the question of media FUDs. Again, whenever FUDs drop, this sub attribute the FUDs to 'them' as in, 'they' want you to sell. Well, it's true that it's possible to pay newspapers to drop these FUDs, but again, there isn't a single entity or a big bad group behind the scene trying to fuck you over. It's a complex war for interest between hedge funds, institutions, and the policy makers. Attributing the FUDs to a single entity is a very simplistic way to look at the way things operate.</p> <p>It's great to be cynical and to keep your awareness up. But don't fall too deeply into the rabbit hole and become a conspiracy theorist of the crypto world.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/savage-dragon"> /u/savage-dragon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oojldp/not_everything_happening_with_prices_has_to_do/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oojldp/not_everything_happening_with_prices_has_to_do/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'll start this by acknowledging that manipulation does exist and it is even more rampant than the stock market due to crypto's unregulated nature. And I will admit there's something re assuring to look at Wyckoff charts expecting another pump.</p> <p>However...</p> <p>According to most YouTubers and traders and sentiment peddlers in this space, there seems to be a secret group of 'they' who move as if possessing a singular will in well rehearsed cadences.</p> <p>From game theory perspective, this assumption is false.</p> <p>Most whales and institutions have their own priorities and interest, and those groups are just as likely to compete against one another as they're likely to cooperate. Fact is, we can't know for sure. So it's nonsensical to think that whenever you lose money there must be some kind of high powers that are behind it, hell bent on reducing your holdings to zero. I've seen it all. I've seen Asians blaming the Westerners for 'selling' and I've seen the Westerners blaming the Asians for 'dumping'. Likewise, I've seen people attribute pumps to different demographics across the ocean.</p> <p>This leads us to the question of media FUDs. Again, whenever FUDs drop, this sub attribute the FUDs to 'them' as in, 'they' want you to sell. Well, it's true that it's possible to pay newspapers to drop these FUDs, but again, there isn't a single entity or a big bad group behind the scene trying to fuck you over. It's a complex war for interest between hedge funds, institutions, and the policy makers. Attributing the FUDs to a single entity is a very simplistic way to look at the way things operate.</p> <p>It's great to be cynical and to keep your awareness up. But don't fall too deeply into the rabbit hole and become a conspiracy theorist of the crypto world.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/savage-dragon"> /u/savage-dragon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oojldp/not_everything_happening_with_prices_has_to_do/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oojldp/not_everything_happening_with_prices_has_to_do/">[comments]</a></span>Kind Regards R