It’s all market manipulation. By whales, institutional players etc that work together to push it up, and push it down....so people sell and they make bank.
I have listened to ton of BTC experts and the China Bitcoin ban isn’t true. It’s a piece of the market manipulation/tricks/games/investment strategy. They have made so much on BTC that when it drops they still have shit ton profit.
Most sell, they buy and own more and then BTC rises over time, they profit.
That’s my take on the strategy of what’s going on. Power of institutions on the market.
Fuck them! I am buying
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