When I look at the crypto space and all the events that are taking place in the crypto market all I see is a careful collaboration between the government and influential people to hold a large share of crypto by benefiting from vulnerable owners with the spread of FUD. A cautious structure promoted by greed is to weaken the weak crypto owners to sell their holdings in some way to increase their own.
When the price of Bitcoin is very high it seems that it is not an easy way for anyone to enter, and the only way for governments and private institutions to get easy and secure entry is to enter the market with their FUD. And whenever big whales in Bitcoin want to increase their grip after making a lot of profits at a higher price, buying will not happen unless the majority decides to sell simultaneously which could lead to a significant drop in price due to demand and supply. But what makes most people sell at the same time? This is where FUD is used by these clever governments and private institutions to create panic in the crypto market that lures vulnerable owners to sell their coins so that the price can go down to buy more.
If you look at the crypto market carefully you will see that every major sale leads to a huge purchase. But before a major purchase can take place there must be a price drop. The clever tool used by these greedy people is FUD. They can play the game very well. Vendors without a back-end program. They know how to use FUD to their advantage. When they bought they announced that they were buying and everyone started buying even amid a tight grip and the price skyrocketed. When they see that the price is high enough for them to benefit they announce the liquidation of their portfolios that draw several others into their calculated price-cutting area after their closure so that they can buy at a cheaper price. The recent romance between Elon Musk and Bitcoin fits well with the above narrative.
Do you think Elon Musk's latest tweets and behavior were just out of the blue? I think the answer is no. Elon carefully monitored his exit and re-entry into the crypto market, and he is not alone in this. Now, their tweets have changed. They are preaching praises to increase the confidence of investors to buy more Bitcoin so the price will go up so that they can reap big profits. Elon and his teams as well as the Chinese government and others know what they are doing with Bitcoin. Look at it, after Bitcoin bounced back and went up a very high level another big fall will happen because someone has to finish the catch. An entrepreneur is an entrepreneur any day, and no entrepreneur will continue to use Bitcoin for a long time. Profit is what they follow and you can’t stop them from doing what they can do.
These people are already rich. Unlike most people, they are not in Bitcoin for their financial future and do not want financial freedom, they are already free financially in their own world. They are here to take advantage of people by playing on people's emotions through FUD. They are partners with governments and major banks and can be used to create a climate of panic in the crypto market.
Now Elon Musk is on the tweeter again, writing about his collaboration with North American miners and another major whale in the crypto market to find a way to build or leverage the power consumption of Bitcoin mining. You can guess where this came from. Why didn't he do a collaboration before causing FUD in the crypto market? The next thing you will hear is that he has made another great Bitcoin purchase, which I believe he has already done. And China's ban on Bitcoin and attacks on miners appear to be a conspiracy on the same side. The latest from China is that Bitcoin is banned but individual holding is allowed. Miners are put under regulations. Who is kidding who with all these games?
The thought piece of the current state of the Crypto market reflects what I am trying to convey here. Crypto is indeed bigger than one person, a tweet should not be a decisive factor. However, we live in a world where the government is distributing information on Twitter. The FUD created on the market is not from one person but a combination of various government and non-government decisions and policies. Most importantly ask who is getting rich in this situation? And you have a general idea of how the movement takes place. With tax changes in the US, the apparent ban in China, and such a major change could easily be seen as discounted purchases by big Crypto whales such as BTC and ETH. It is important to be aware that if the price goes down people are willing to sell at a lower price and for this to happen someone is buying them. Who is the buyer? !!
I actually thought about this too, I believe there is a motive behind the FUD, of course to buy more and make more profit while they act like crypto is a scam.. Apparently there's nothing we can do other than to keep looking for a ground breaking news so we won't lose our funds. This is a good read brother