Bitcoin dips below $50K as Evergrande defaults on US dollar debt

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[–]Canbot 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (4 children)

It is ridiculous how they are trying to connect these two events. Cripto prices are heavily manipulated and don't reflect market forces.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

I think we grasp at reasons why the crypto market does what it does, and we're not always right.

[–]Rah 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Crypto market is being manipulated to follow the exact same oscillations as the stock market.

[–]Canbot 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Without regulation, oversight, and transparency it is pretty obvious that manipulation is the main driving force.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Especially now that every twit who owns bitcoin likes to "earn interest on it" without understanding how that works.