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Big corps are trying to demonize cryptos to tank the price. This is all so they can buy up the coins at low prices.

The crypto market has sold off 20% of its value. You can tell by looking at the crypto index (ie. Bitcoin). BTC price currently ~48k whereas it was over 60k a couple weeks ago.

Good luck

Big corps are trying to demonize cryptos to tank the price. This is all so they can buy up the coins at low prices. The crypto market has sold off 20% of its value. You can tell by looking at *the* crypto index (ie. Bitcoin). BTC price currently ~48k whereas it was over 60k a couple weeks ago. Good luck

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[–] 1 pt

also, for plebs like us (i'm assuming you aren't in the $B class) our current value is what you are thinking.

if you look at a you can see that currently you could take this market down to $38k by selling off $178M of BTC. that is a lot of money for us, but for some it is worth the manipulation, they tank the value, causes plebs to sell because their savings is disappearing and they have weak stomachs, and then they buy back. putting fake numbers in it would be something like "sell $200M of bitcoin bringing the price down to $35k, people follow your lead in selling, buy back $200M worth of bitcoin, but this time you have 120% of the bitcoin you started with, because people cashed out". there are variations, but this is the bird's eye view.

great way for them to siphon more money from the lower classes.

[–] 1 pt

it is like usury, but more voluntary.