Why is bitcoin dumped like that, and, accordingly, other cryptocurrencies?

Speaking figuratively, regulators simply cannot swallow or digest cryptocurrencies. And all that remains for them to do is to adjust their systems to the “new money”, while not losing dignity and authority.

If you can’t overcome something, then try to lead it.

Most likely they will dump to zero. After all, the lower the total capitalization, the cheaper it will cost them.

They are the banking system, the State Department, and so on. The reasons are obvious, the resources are huge, both material and intellectual.

Now they are spending quite a lot of money on this, but the process will become cheaper.

The panic on the crypto-exchanges was deliberately caught up with the help of the media and a number of actions of the regulators in order to provoke people to panic and hold. So that the holders would leave completely having lost hope, at the lowest price, and not sit out in Tether or fiat.

It’s just cheaper to dump.

Futures were launched to somehow compensate for the costs of the dump and create the appearance of some kind of officialdom, they say, cryptocurrency seems to be a serious financial instrument.

But only classical financial instruments have a more developed infrastructure around them: hedge funds, exchanges, futures and options, many banks participating in this system, governments, corporations, and so on. Big grandmas are not so easy to withdraw from funds, and it is not so easy to rock the boat, but in the crypt it is, of course, many times easier.

One of the main problems is that 99.9% of all those who buy crypto are not following the fintech revolution (as everyone is told), but pure speculation and the opportunity to make money…

So they make another pyramid for themselves.

Everything will continue to fall slowly in waves, making stops and rebounds along Fibonacci levels, for which traders will cling to like straws. The price will hit the level several times, then jump to the next one. This will continue until the majority of market participants understand and give up, and prices will fly to zero.

Previously, no one worked on the market like this, so it makes no sense to look for analogues in past years. This is a targeted attack, and there is no one to repulse it. The crowd is unorganized, it cannot defend itself in any way.

Not everyone is ready to be market participants. If everyone is given such an opportunity, then the irrationality of the majority begins to break the market

People were given the opportunity to try, to feel what it is. In fact, it was a slice of world public opinion. Governments have begun to think about the fact that people are no longer satisfied with the outdated financial system, even though it still works. Therefore, there are few ways to develop the situation:

either total control by governments and a gradual transition to digital money

or a real fintech revolution and the refusal of many millions of people from fiat in favor of cryptocurrencies, since capitalization of even 300 billion makes it possible to create a market for services and services. But a revolution needs a leader. Which will unite the crowd around him and determine the vector of movement.

And perhaps for this, the identity of Satoshi Nakamoto is still kept secret …