So you deny that whales can manipulate crypto's? Already a few years ago an Israelian and an American University found proof of manipulations. https://www.bitcoinmarketjournal.com/crypto-market-manipulation/ https://www.bloomberg.com/news/arti...es-quant-warns-of-bitcoin-market-manipulation https://www.financemagnates.com/cry...is-still-alive-and-well-says-orbs-ilan-sterk/ https://www.cnbc.com/2018/06/13/muc...-was-market-manipulation-researcher-says.html There is a huge difference between the official rules and reality. Only reality counts. Same problem as with laws. Everything is pointed out in laws and prisons are full of criminals that don't respect these laws.
One whale (Theee Fed) already does. But you are ok with that. And instead of a monopoly we get something like the Texas power regulator (ERCOT) allowing the marketplace ... to almost completely collapse when they get a winter storm. At one time in this country AT&T was a monopoly that brought phone service to every household in America. Then they stagnated and needed to be broken up. Nothing in absolute.
perhaps such a pullback is taking place amid growing concerns that bitcoin is one of a series of "bubbles" in the financial markets. Also, the rate could be influenced by fears that the administration of US President Joe Biden may try to regulate the cryptocurrency.
You might not be interested but the ET community is. As of now this topic is #1 on the This Week's Most Viewed Threads list.
I meant, if you get shook by a 10-15% drop, crypto might not for you. As a long time HODLer myself, I welcome and encourage interest.
Gold is shiny and nice to wear as jewelry https://elitetrader.com/et/threads/looking-ahead-for-the-next-60-days-gold-vs-bitcoin.352045/