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Thoughts on the current market situation?
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<blockquote data-quote="aa663344" data-source="post: 469449" data-attributes="member: 101534"><p>You have to understand that markets get manipulated (mostly by the big players).</p><p>Now think how can you make money via manipulating the market?</p><p>Well you can make it pump up big and let it drop low, or you can just steadily pump and dump on small timeframes. To get more people into crypto (or because) those movements have slowed down somewhat.</p><p>But it is still present. That is why i am not into crypto you can t tell when something is just completely pumped up, because those guys can have any timeframe.</p><p>In the last years assets overall became more and more expensive, that also means you have to think about what to do when you made profit with an asset(crypto) if you sell, you have to reinvest - </p><p>but because asset prices steadily rise it doesn t make sense to sell because you haven t had a better option - so alot of people just hold crypto to almost any price which just makes it easy to rise further.</p><p>At some point supply and demand will kick in and correct the price.</p><p></p><p>#i don t think btc/ eth is crazy overvalued but trading with it is just too hard - buy and hold one can do</p><p>but not at the current prizes</p></blockquote><p></p>
[QUOTE="aa663344, post: 469449, member: 101534"] You have to understand that markets get manipulated (mostly by the big players). Now think how can you make money via manipulating the market? Well you can make it pump up big and let it drop low, or you can just steadily pump and dump on small timeframes. To get more people into crypto (or because) those movements have slowed down somewhat. But it is still present. That is why i am not into crypto you can t tell when something is just completely pumped up, because those guys can have any timeframe. In the last years assets overall became more and more expensive, that also means you have to think about what to do when you made profit with an asset(crypto) if you sell, you have to reinvest - but because asset prices steadily rise it doesn t make sense to sell because you haven t had a better option - so alot of people just hold crypto to almost any price which just makes it easy to rise further. At some point supply and demand will kick in and correct the price. #i don t think btc/ eth is crazy overvalued but trading with it is just too hard - buy and hold one can do but not at the current prizes [/QUOTE]
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