The Willy bot really did exist, and Chinese volumes dropped 90% after zero fee trading was banned. I’m not saying that these theories aren’t sometimes correct. ![]() #cryptocurrency #bitcoin #futures #therearenoanswers /w0DWPmhQDb The price of $BTC over the last ten days, with the CBoE and CME futures settlement date/times highlighted. The latest conspiracy: Wall Street shorting futures and manipulating spot prices near settlement. They see through it all the Mt.Gox “Willy bot” bubble, the Chinese wash trading, the Chinese government insider trading, the stop-hunting, Spoofy, Tether & Jamie Dimon trying to buy up cheap bitcoin. A common trait I see in bitcoin traders is that they have theories for everything. Or at least you must think you are really smart. If you are a bitcoin trader (rather than just a hodler) you must be really smart. In order to be a bitcoiner, you must fundamentally believe that a bunch of software engineers can create a better form of money than economists, governments and central banks. ![]() But as long as you’re trading, we’ve established that you’re at least more arrogant than the other half of the market. In order to trade rather than hodl, you must fundamentally believe you’re smarter, more disciplined or better informed than the other half of the market. Trading is arrogant, be it on Wall Street or across crypto exchanges.
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