I'm tired of people screaming manipulation every time we go down but whenever the prices go up nobody even thinks about manipulation.
'Oh we're down more than 1%? It must be the whales manipulating the market'
'Oh we're up more than 100% in a few days? That's just crypto being crypto'
Its a volatile market, the prices will go up and down, they can't just go up forever because then everybody would be rich and if everyone is rich then no one is. You can't expect +1000% returns without -50% drops, that's just not how the world works.
A lot of volatility occurs because of over leveraged trades getting liquidated.
The news isn't as important as people think it is. A whole country made Bitcoin legal tender (which is the best possible news) but we didn't go to new all time highs after that. That is not say that the news doesn't matter at all but every time we get high volatility people try to equate it to some news event.
Momentum matters more than the news.
'In a bull market nobody cares about the bad news and in a bear market nobody cares about the good news' - Benjamin Cowen
Bitcoin went from a few cents to thousands of dollars without any good news. People were calling it a Ponzi scheme even when it was over four figures.
The prices will go up and down even if we get no news.
Its just a volatile market
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