Hi friends, in this article we will discuss about manipulation of Crypto Market. As we know that Bitcoin was moving upward slowly from last week and it crossed the resistance level of 7400$ and was staying above that level but some whales spread fake news of Goldman Sach through some trusted news source and was successful to manipulate the market badly for their own profit. As a result market dumped from7200$ to 6200$within 12 hour. Its a manipulation not correction.
My question is who is responsible for it? As we know whales use news as a source of medium to spread fake news because they know that we rely on news to see what's going on in the market. We can say these news sources are responsible for it because they don't cross check news from official sources before publishing . As a result people get panic when they see these kind of fake news and start selling their bitcoins in loss.
Bitcoin manipulation started when bitcoin future contracts come into play and is it the only reason that stops the bitcoin to cross 10000$. But you should know that bitcoin will never stay under 10000$ for long time.
When bitcoin price manipulates please don't get panic and never sell in loss because whales can only make profit when you sell in loss. You should know whales apply different tactics so that people get panic and start selling in loss.
You are also responsible for your loss if you completely rely on the news and start panic without knowing the real truth behind it.
So the main purpose of writing this article is to make you aware from these kind of FUDs. I hope next time you will remember my words and will not panic when market manipulates. Hold your bitcoin tightly because it has very bright future in upcoming years instead of selling in loss.
If you like my article please let me know in comment and resteem this post so that other people can know the reality.
Thank You for your support and love :)