Institutional Bots Market Manipulation. We need to stop it!!Bitcoin could fall down to the 49K or 46k "Support Levels" if you want to call them that. However far they want it to fall or to whatever price the $6.1 billion in Options Set to Expire tomorrow predicted it would do. Yes that's what I'm saying we have institutional whales manipulating the market using Bot Traders. Had they not interfered we would of easily made it to $64-$65k this last run but when you have bots preventing that from happening there is really nothing else you can do. They purposely dropped the price of Bitcoin to shake out everyone and set off stop losses so they can buy it all up. It should be quite obvious by now if you've been on the market at all lately.
These Ideas, analysis and predictions are worthless. Price action on coins in the market now are gonna do whatever they want them to do, or whoever they favor. The crypto market has finally been invaded by hedge funds and whales manipulating it because they saw how much inflow of money was being pushed into it. The exact thing we escaped traditional markets for has now arrived in the thing created to oppose that.
Its become a pattern for the last 2 months. They wait for everyone to pump their money into the market for the first two weeks and we get excited because stuff is going up in price and we are making money and then the 3rd week of the month on come their bots and market manipulation to take every bit of money you have put into the market.
Just pay attention and you'll see exactly what I'm saying is true. We can't let this happen and we need to band together, the entire crypto community and put an end to it.
Down with manipulative institutions!
Have you not noticed that bitcoin has been hovering under the 50ma support for 2 days now. Someone or some entity with alot of money has a bot continuously buying and selling, buying and selling to prevent it from moving up and forcing it down or for people to sell so they can buy it up cheap. This is illegal and we need to do something about it!!
Illegal
EU GDPR may make non-private blockchains illegalI just thought it was worth pointing out, while people are freaking out about governments banning private cryptocurrencies, the new GDPR that takes effect 2018-05-25 will make it illegal to permanently store Personally Identifying Information (PII) in a computer database. Systems that store such information will require a mechanism for the person who is the subject of such PII to request that information's permanent deletion.
It will be impossible for Bitcoin and other decentralized, public, transparent blockchains to comply with this regulation, since there is no centralized authority who can delete a record from the blockchain.
It will be irrelevant for Monero since there is never any PII stored on the blockchain. So - when the topic of government bans comes up, Monero may be the only survivor.
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Note the heavy use of "may" above. While it's clear that Bitcoin and other transparent coins will be in violation of the GDPR, it's not certain that Monero is in the clear, yet. The PDF document linked in this tweet has an initial analysis of the situation:
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