Manipulation in Crypto Market :(

These days crypto market cap is going like a rollercoaster ride and it seems all because of manipulation happening in the market. Money coins have gone down with quite a good percentage and even BitCoin has dropped and now trading below the mark of $50k.

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This is not the first time when we are seeing this kind of drop in the market but I feel this time it is different because we can see a lot of manipulations happening in the market and I feel one of the reasons is Ellon Musk. I feel like he's trying to gain the market through his tweets because he knows about his following on social media and because of this reason he first pumped Dosa coin to the moon. Now he's talking about BitCoin and already shared that buying a Tesla car through bitcoin has already been suspended looking at the scenario of environmental emission. Although he mentioned that Tesla will not be selling any BitCoin but still it creates FUD in the market.

There have been many instances when I have seen bitcoin prices going down more than 20% in a day and I think it's quite normal and there is nothing to worry about. If you are in the crypto space then you can't ignore this kind of action happening in the market but we need to be strong enough and never do panic sell because if you do then people with strong hands will grab the opportunity.

Tweet by Elon Musk

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The current situation in crypto currency market seems highly manipulated and it looks like feels are creating fun type of situation so that they can get some bitcoin at lower prices because weak hands will not be keeping any more hold on that. With this bull run we have got millions of new user in the market and these new users might get scared because of the dump in price and probably they will sell out which could be an opportunity for these wheels who will be bagging more bitcoins at lower price.

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This market is all about supply and demand and when people create food news then newcomers usually try to sell off and go out from the market but those who are here for a while know that this is not the first time and they usually stay calm during such situations.

I'm not a big holder but still whatever I hold, I am not going to sell anything just because the prices are dropping and I know that this will not stay for long because I have seen many instances like this in last two years time so I can say I am kind of used to this kind of market behaviour.

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I belive in long term and I know that such things does not matter with long term goals. I was not going to sell anything even if price would have rising so for me its like just holding and keeping for many more years. May be I would sell when Bitcoin price goes beyond 200k and Hive will cross 20$ by that time. I cant predict the market price but I have seen price growing significantly with long-term approach and same I have been following since day one so far next few years I am not going to sale of anything despite the fact what are the prices of crypto currencies or bitcoin in the market.

I would love to have your opinions about the current market scneario and how are you dealing with it.

Thank you so much.

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