01-23-2023, 12:47 PM
Tinfoil hats on: Which "crypto conspiracy theory" do you believe in and why?
<!-- SC_OFF --><div class="md"><p>A popular question in <a href="/r/AskReddit">r/AskReddit</a> is "What conspiracy theory do you believe and why?". An example of a common answer there is that Epstein did not kill himself.</p> <p>Let's do our own crypto version: <strong>Which</strong> <strong><em>crypto</em></strong> <strong>conspiracy theory do YOU believe and why?</strong></p> <p>​</p> <p>I suppose my answer would be that I believe that the big players in this space (whales) create common narratives that retail believes in to use retail as exit liquidity. Examples:</p> <ul> <li>We all believed in $100K blowoff top in 2021 --> barely made a new all time high and then crumbled</li> <li>We all believed that Bitcoin would gain dominance in the bear of 2022 --> alts have been holding up surprisingly well</li> <li>We all believed that Bitcoin could not go below a previous all time high --> we went below the 2017 all time high</li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10ijz9h/tinfoil_hats_on_which_crypto_conspiracy_theory_do/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10ijz9h/tinfoil_hats_on_which_crypto_conspiracy_theory_do/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>A popular question in <a href="/r/AskReddit">r/AskReddit</a> is "What conspiracy theory do you believe and why?". An example of a common answer there is that Epstein did not kill himself.</p> <p>Let's do our own crypto version: <strong>Which</strong> <strong><em>crypto</em></strong> <strong>conspiracy theory do YOU believe and why?</strong></p> <p>​</p> <p>I suppose my answer would be that I believe that the big players in this space (whales) create common narratives that retail believes in to use retail as exit liquidity. Examples:</p> <ul> <li>We all believed in $100K blowoff top in 2021 --> barely made a new all time high and then crumbled</li> <li>We all believed that Bitcoin would gain dominance in the bear of 2022 --> alts have been holding up surprisingly well</li> <li>We all believed that Bitcoin could not go below a previous all time high --> we went below the 2017 all time high</li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10ijz9h/tinfoil_hats_on_which_crypto_conspiracy_theory_do/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10ijz9h/tinfoil_hats_on_which_crypto_conspiracy_theory_do/">[comments]</a></span>