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Author Topic: CTFC and 'manipulation'  (Read 134 times)
gentlemand
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June 13, 2018, 09:48:56 AM
 #21

I think we tend to overestimate the importance of things like this. The forum, Reddit and a few Twitter feeds can be a bubble where these things are discussed endlessly but outside of that bubble they have very little impact. I don't think the big money players that drive the markets or the hoards of new players that came in last year really see much of that stuff.

At one point all you had to do to inspire a global drop of several per cent was hint at a rumour about South Korea 'banning' something even when it's been established forever that their government is too shit to organise anything.

Said drops are of course completely empty, but there are no fundamentals anyway so emptiness is enough. Big money players are all in the business of playing chicken with each other.

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June 13, 2018, 10:03:55 AM
 #22

Said drops are of course completely empty

Yes, the short-term impact of day traders playing whatever today's story is. Outside of that no real impact on new money coming into the market at that time. Same thing now on the downtrend. Some story might cause some day traders to go short but it isn't likely to be affecting the long-term market valuation as the big investors aren't paying attention to every little twist and turn in Tether or whichever government is rumoured to be banning something.

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