Personally, yesterday worried me and made me change my goals in the crypto market.
It wasn't the fall.
What scared me was the reason. If it had been a decision by the FED, a terrorist attack, liquidation of leveraged assets, market stuff, I understand, I like it and that's what makes the market.
But A CRAP MEMECOIN HAVING MORE TRADING VOLUME THAN THE MAIN ASSET IN THE MARKET, which has a 50%++ share, can't be normal.
It showed how fragile the market is. It would be like a manhole with problems on Fifth Avenue causing the entire NYSE to drop 40 points...
It wasn't volatility that happened yesterday. It was a structured manipulation by market agents. Exchanges, stablecoins, BlackRock, etc.
What if they decide to reset the market tomorrow?
They showed that it's very easy.
A memecoin with twice the trading volume of BTC. The asset that owns over 50% of the crypto market share…
I may be wrong, but I believe there will be a large outflow of capital from large funds, and a reduction in new investors. Would you put billions into a market that has suffered so much for a currency that anyone can create, without any investment or technical knowledge?
It wasn't the fall.
What scared me was the reason. If it had been a decision by the FED, a terrorist attack, liquidation of leveraged assets, market stuff, I understand, I like it and that's what makes the market.
But A CRAP MEMECOIN HAVING MORE TRADING VOLUME THAN THE MAIN ASSET IN THE MARKET, which has a 50%++ share, can't be normal.
It showed how fragile the market is. It would be like a manhole with problems on Fifth Avenue causing the entire NYSE to drop 40 points...
It wasn't volatility that happened yesterday. It was a structured manipulation by market agents. Exchanges, stablecoins, BlackRock, etc.
What if they decide to reset the market tomorrow?
They showed that it's very easy.
A memecoin with twice the trading volume of BTC. The asset that owns over 50% of the crypto market share…
I may be wrong, but I believe there will be a large outflow of capital from large funds, and a reduction in new investors. Would you put billions into a market that has suffered so much for a currency that anyone can create, without any investment or technical knowledge?
