This Is The Story With The Recent Sell Off In Crypto. By Gregory Mannarino
I am on record saying cash into/out of crypto is a leading indicator for stocks for which Morgan Stanley (A major Wall Street Bank) backed me up on. The action we are seeing lately in crypto is because of "regulatory talk." I believe that once that gets worked out, cryptos will again act as a leading indicator for stocks.
Gregory Mannarino, "The Robin Hood Of Wall Street."
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They call it a shake-out for a reason. Weak hands. This is the time to fill your bags with projects you truly believe in. If you are cashing out now, it was never really about the project, its tech etc. It was all about fiat and that’s not what crypto is about. Say no to fiat.
It has been brutal and I appreciate your analysis. I definitely believe that cryptos will come back with a flourish to all time new highs, they always have historically so it is just a waiting game and the best plan forward is to keep on blogging interesting content so that when Steem rises, everyone will be more prosperous. RESTEEMED.
Thanks again, Gregory. How do you spot this stuff? Yeah, Upvoted & Resteemed, again.
The cryptos have been through these issues before with other countries. When ironed out they will just be little bumps on the road.
Good post
WE DID UPVOTE AND RESTTEM FOR ALL TO SEE
Thank you! Resteemed!
Upvote and resteemed
Upvote and resteemed
RESTEEMED!
Let’s see what crypto does next week.
I would suggest everyone looks into the MT.Gox vs bitcoin price. Recently the trustee in charge of the 166K BTC from the Mt. Gox wallet began selling off BTC and BCC to pay the amount owed to the creditors in the lawsuit. Large amounts have been dumped in recent months. 2000BTC on DEC 18, 6000 BTC on DEC 22, on one day in FEB he sold 18000 BTC, wouldn't you guess, that was when it fell to $6000 in short order. This was done on purpose for some reason, as a normal person wanting to get maximum returns would never sell such large amounts all at once on a public exchange, it was almost as though he wanted as little as possible. I do not think the guy was an idiot, he purposefully timed each dump, just as BTC was reaching a support line on the chart, and beginning to rise. Each of his sell orders broke down through support, that has to be intentional. BTC (the honey badger of currency), just keeps chugging along.
And that's the exact same game being played with the gold and silver markets. All markets are being rigged!!
WTF did MtGox get 166k BTC from ?? I thought they were hacked and lost everyones BTC !!
Thanks for information mr robin hood !!!