How far can market manipulators push the price down? - Cryptocurrency Reporters - A Light To Cryptocurrency World

Saturday, 31 March 2018

How far can market manipulators push the price down?


Funds and investment banks are preparing to step in the crypto world soon. I know that in my country there are at least two banks (I know the investment managers at both banks) who are actively studying the crypto scene and want to have a mutual fund ASAP (but not until the regulations become clear).These banks are way to small and unimportant for any kind of manipulation, but the big boys from Wall Street have proven track records of manipulation through the past decades.I understand that they want the lowest prices possible so they'll be able to make billions, if not trillions of dollars in the coming years. But how far do they want to push them down? BTC at $1000? ETH at $50? Where's the limit?I think it is guaranteed that the prices will soar like crazy once the big guys get in, but they should give us some slack. :) via /r/CryptoCurrency https://ift.tt/2J9et8E Funds and investment banks are preparing to step in the crypto world soon. I know that in my country there are at least two banks (I know the investment managers at both banks) who are actively studying the crypto scene and want to have a mutual fund ASAP (but not until the regulations become clear).These banks are way to small and unimportant for any kind of manipulation, but the big boys from Wall Street have proven track records of manipulation through the past decades.I understand that they want the lowest prices possible so they'll be able to make billions, if not trillions of dollars in the coming years. But how far do they want to push them down? BTC at $1000? ETH at $50? Where's the limit?I think it is guaranteed that the prices will soar like crazy once the big guys get in, but they should give us some slack. :)

Funds and investment banks are preparing to step in the crypto world soon. I know that in my country there are at least two banks (I know the investment managers at both banks) who are actively studying the crypto scene and want to have a mutual fund ASAP (but not until the regulations become clear).

These banks are way to small and unimportant for any kind of manipulation, but the big boys from Wall Street have proven track records of manipulation through the past decades.

I understand that they want the lowest prices possible so they'll be able to make billions, if not trillions of dollars in the coming years. But how far do they want to push them down? BTC at $1000? ETH at $50? Where's the limit?

I think it is guaranteed that the prices will soar like crazy once the big guys get in, but they should give us some slack. :)

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